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3 Hikers Dead After Volcano Erupts in Indonesia

Indonesian authorities said other climbers had safely evacuated Mount Dukono, which had been off-limits because of volcanic activity. By John Yoon and Muktita Suhartono At least three hikers were ...

REUTERS 2020-09-27T17:14:37+00:00

Indonesia scraps plans to cut severance pay in new bill

Indonesia reversed earlier plans to cut severance pay, parliament's legislative committee said late on Sunday, ahead of the expected passing on Oct. 9 of a controversial "jobs creation" bill aimed at improving the investment climate.

REUTERS 2022-08-24T10:55:01+00:00

Indonesia reviewing fuel price policy options over next 2 days

Indonesia's cabinet will present policy options for fuel prices to President Joko Widodo in the next two days, its chief economic minister said on Wednesday, amid rising expectations of a price hike to rein in a ballooning energy subsidy budget.

REUTERS 2022-09-22T10:16:19+00:00

Indonesia c.bank raises rates by 50 bps to head off inflation risks

Indonesia's central bank increased interest rates by more than expected on Thursday as it sought to rein in inflation after the government raised subsidised fuel prices earlier this month, while also supporting the rupiah currency.

REUTERS 2024-04-29T10:34:16+00:00

Indonesia plans to develop sugar-based industry in Papua region

Indonesia, the world's biggest sugar importer, plans to boost sugarcane planting in its eastern region of Papua, aiming to cut imports and develop a sugar-based industry, including producing bioethanol, a cabinet minister said on Monday.

REUTERS 2026-02-11T03:43:26.337000+00:00

Indonesia arrests 11 for alleged corruption over palm oil exports

The Indonesian Attorney General's Office said it had arrested 11 people, including officials from the customs office, for alleged corruption aimed at avoiding mandatory domestic sales of crude palm oil and paying export taxes.

REUTERS 2022-08-16T13:56:32+00:00

Indonesia mulls fuel price hike as subsidy budget triples

Indonesia needs to reduce its energy subsidy bill possibly with a fuel-price hike, but the government would need to time the latter carefully to avoid disrupting economic growth, President Joko Widodo said in an interview with Metro TV on Tuesday.

REUTERS 2023-10-19T09:31:21+00:00

Indonesia c.bank unexpectedly raises rates amid falling rupiah

Bank Indonesia unexpectedly raised interest rates on Thursday to arrest the rupiah's decline amid U.S. monetary tightening and rising geopolitical risks, with economists seeing possible further hikes should the currency's weakness persist.