Asia Shipping Correspondent
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Aug 22, 2014

Green light for president-elect Widodo boosts Indonesian markets

JAKARTA, Aug 22 (Reuters) – Indonesian stocks opened near a
record high and the rupiah strenghtened on Friday, a day after
the country’s highest court gave Joko Widodo the green light to
lead Southeast Asia’s largest economy from its worst slowdown
since the global financial crisis.

The Constitutional Court, as expected, unanimously upheld
last month’s presidential election result, rejecting a
last-ditch attempt by losing candidate Prabowo Subianto to force
a re-vote. Widodo will begin his five-year term on Oct. 20.

Jul 25, 2014

Indonesian leaders in talks on raising fuel prices before Oct-sources

JAKARTA, July 25 (Reuters) – Indonesia’s outgoing president
is in talks with his successor to increase heavily subsidised
fuel prices before the new leader takes power, two sources close
to the matter told Reuters.

Subsidies are seen by many as the most urgent issue facing
Southeast Asia’s biggest economy.

Jul 25, 2014

Indonesia’s constitutional court ready to take on election result challenge

JAKARTA (Reuters) – Indonesia’s top court is prepared to hear a case challenging the result of this month’s presidential election, well aware that its reputation is on the line after its top judge was jailed for corruption, his successor said.

The losing presidential candidate, Prabowo Subianto, has alleged mass cheating in the closely fought July 9 election and has said he will challenge the result in the Constitutional Court. A member of his team said the complaint would be lodged later on Friday.

Jul 22, 2014

Insight – Battered by election, Indonesia’s new president faces party clash

JAKARTA (Reuters) – After winning Indonesia’s closest ever presidential election, Joko “Jokowi” Widodo now faces what could be his toughest battle yet – winning over his own party.

To do that, he must deal with Puan Maharani, the politically ambitious daughter of former president Megawati Sukarnoputri and a powerful figure in the Indonesian Democratic Party-Struggle (PDI-P) that her mother heads and which propelled Jokowi into the presidential palace.

Jul 22, 2014

Battered by election, Indonesia’s new president faces party clash

JAKARTA (Reuters) – After winning Indonesia’s closest ever presidential election, Joko “Jokowi” Widodo now faces what could be his toughest battle yet – winning over his own party.

To do that, he must deal with Puan Maharani, the politically ambitious daughter of former president Megawati Sukarnoputri and a powerful figure in the Indonesian Democratic Party-Struggle (PDI-P) that her mother heads and which propelled Jokowi into the presidential palace.

Jul 22, 2014

Indonesia’s new president says he will sit down with miners

JAKARTA (Reuters) – Indonesia’s new president Joko “Jokowi” Widodo said he wants to sit down with mining companies and other parties in a bid to resolve a row over mining policies that has halted $500 million of metal exports a month in Southeast Asia’s biggest economy.

The comment by the former Jakarta governor, who has a reputation for tackling entrenched interests, appeared to be a positive sign after an increasingly bitter dispute between the mining sector and the outgoing government.

Jul 21, 2014

Indonesia to declare winner of hotly contested presidential election

JAKARTA (Reuters) – Indonesian election officials were expected on Tuesday to officially declare Jakarta Governor Joko “Jokowi” Widodo the winner of a hotly contested presidential election in which his rival has alleged mass cheating.

Private tallies show Jokowi beat former special forces chief Prabowo Subianto by about five percentage points.

Jul 19, 2014

Indonesia’s likely next govt plans to cut fuel subsidies in first 100 days-vp candidate

JAKARTA, July 19 (Reuters) – The top priority of Indonesia’s
likely next government will be to cut fuel subsidies to control
the country’s widening budget deficit, a move it hopes to
accomplish within the first 100 days in office, the vice
presidential candidate said on Saturday.

Energy subsidies, which mainly benefit the rich, cost the
government around $20 billion a year and are the main factor
behind a current account deficit that is expected to be above 3
percent of gross domestic product this year.

Jul 16, 2014

Indonesia looks at ways to halt surge in private foreign debt

JAKARTA, July 16 (Reuters) – Indonesia’s financial
authorities are looking at ways to limit a surge in foreign debt
among private firms and want to enlist the help of banks,
worried that runaway lending could spark instability in
Southeast Asia’s largest economy.

The central bank has expressed concern over a rise in the
debt service ratio (DSR), which climbed to 46.3 percent in the
first quarter from 36.8 percent in the same period last year due
to a surge in private external debt.

Jul 8, 2014

Indonesians vote for new president, choice between old guard and new breed

JAKARTA (Reuters) – Indonesians began voting in a presidential election on Wednesday that has become a closely fought contest between the old guard who flourished under decades of autocratic rule and a new breed of politician that has emerged in the fledgling democracy.

Only the third direct election for president in the world’s fourth-most populous nation, the contest pits former special forces general Prabowo Subianto against Jakarta Governor Joko “Jokowi” Widodo, who have been running neck-and-neck in opinion polls.