A new Russian-made civilian plane carrying 50 people went missing in Indonesia while flying over mountains Wednesday during a demonstration flight for potential buyers and journalists, officials said. Search and rescue teams were heading to the area just south of the capital, said Bambang Ervan, a spokesman for the Ministry of Transportation. Bad weather,...
HONG KONG — New Indonesian taxes on metals and curbs on the shipment of raw minerals may curtail exports of the materials to China, highlighting concerns over the effects of the policy on the Indonesian economy. With the new rules, which take effect Sunday,...
State-owned postal firm PT Pos Indonesia plans to enter uncharted territory, venturing into hotels and shopping mall development to enable it to survive amid the decline in the use of the personal mail service. The company’s president director, I Ketut Mardjana, said in Jakarta...
Borrowers in Asia issued a record amount of dollar-denominated bonds in April as they sought funds to expand in the world’s fastest-growing region and tapped investor demand amid a...
Indonesia’s Bakrie family received a default notice from creditors on a $437 million loan after a drop in the shares of London-listed mining company Bumi Plc (BUMI) that guarantee...
NEW YORK – Freeport-McMoRan Copper & Gold Inc. FCX chief executive said the companys Indonesian operations are not subject to a 20% divestment requirement as they are not covered...