JAKARTA, Aug 26 (Reuters) – East Timor will tap into its
$16.6 billion oil fund to build the necessary infrastructure to
attract non-energy investment, the prime minister said on
Wednesday, as disputes over undeveloped gas fields look to
remain unresolved for years.
Rui Araujo told Reuters the government would not compromise
on its demand that Woodside Petroleum build onshore
processing facilities in the development of the Greater Sunrise
gas fields, a project that could provide billions of dollars to
the impoverished nation.
JAKARTA, July 30 (Reuters) – Indonesia’s anti-cartel agency
is investigating Astra Honda Motor and three other car and
motorbike companies for possible price-fixing in Southeast
Asia’s largest economy, the agency and an Astra Honda official
said on Thursday.
The Business Competition Supervisory Commission (KPPU) said
it launched the probe after prices of automobiles and motorbikes
in Indonesia continued to rise, in contrast to prices in
Malaysia, the Philippines and Thailand.
JAKARTA, July 23 (Reuters) – Indonesians are smoking less
than before, and that poses a dilemma for a government that
faces a budget shortfall as well as rising unemployment and
counts on tobacco taxes for about 10 percent of state revenue.
President Joko Widodo’s government needs to decide whether
to significantly raise tobacco taxes in 2016, something
Indonesian authorities have done for years.
JAKARTA (Reuters) – Exasperated by the performance of his economics team, Indonesia’s president has personally taken on the job of promoting Southeast Asia’s largest economy to skeptical investors, said palace officials and economists.
Joko Widodo’s unusual intervention in a closed-door meeting with fund managers and economists has so far failed to turn the tide of disappointment in his policies, less than a year after his election was hailed as a new era for a country plagued by corruption, red tape and rickety infrastructure.
PALEMBANG, Indonesia, June 23 (Reuters) – Fed up with
capitalists plundering Indonesia’s riches, members of the
country’s second-largest Islamic group have drawn up plans to
launch a “people’s power” movement.
On top of their list: build a national car.
If realised, the Muhammadiyah group’s ambition would revive
a project launched by autocratic leader Suharto’s son, Tommy, in
1996 but halted during the Asian financial crisis just two years
later. As yet, though, its plans for the car are sketchy.
JAKARTA (Reuters) – Australia would have stooped to a “new low” if reports that its navy paid people-smugglers bound for Australia thousands of dollars to turn back their boat are true, an Indonesian government official said on Saturday.
Australia has vowed to stop asylum-seekers reaching its shores, turning boats back to Indonesia when it can and sending asylum-seekers to camps in impoverished Papua New Guinea and Nauru for long-term detention.
JAKARTA (Reuters) – Indonesian President Joko Widodo wants to open up the remote and impoverished region of Papua after decades of conflict and neglect, but will first need the backing of the military, parliament and separatists.
Palace officials said the president plans to free dozens of political prisoners, launch a slew of infrastructure projects, and confront the serious unemployment problem in the easternmost province of the Indonesian archipelago.
PALEMBANG, Indonesia, June 8 (Reuters) – Indonesia’s
second-largest Muslim group plans to file a lawsuit challenging
a decision by President Joko Widodo to scrap $20 billion worth
of government fuel subsidies in his most radical reform since
taking office last October.
The action by Muhammadiyah, a nationalist movement with
about 30 million members, is the next step in what it calls a
“constitutional jihad” that has successfully dealt legal blows
to private participation in the oil, gas and water sectors.
JAKARTA/MAUNGDAW, Myanmar (Reuters) – Myanmar brought ashore more than 700 “boat people” it had kept at sea for days aboard a seized vessel, as the United States on Wednesday called on the country to help solve a migrant crisis by recognising the rights of its Muslim Rohingya minority.
U.S. President Barack Obama has sought to make Myanmar’s transition to democracy a legacy of his presidency, and Washington is stepping up pressure on the Southeast Asian nation to tackle what it sees as the root causes of an exodus of migrants across the Bay of Bengal that the region has struggled to cope with.
JAKARTA, June 3 (Reuters) – The United States said Myanmar’s
government should treat minority Rohingya Muslims as citizens to
solve the root cause of the migrant crisis in Southeast Asia,
and called on Wednesday on all Myanmar’s leaders to speak up on
human rights issues.
U.S. President Barack Obama has sought to make Myanmar’s
transition to democracy a legacy of his presidency, and
Washington is stepping up pressure on the country to tackle what
it sees as the underlying causes of an exodus of “boat people”
across the Bay of Bengal that the region has struggled to cope