Indonesia

Indonesia Unexpectedly Cuts Rate to Seek Growth

9 Feb 2012

Indonesia's central bank unexpectedly cut its policy rate by 25 basis points to a record low 5.75 percent on Thursday, as it sought to take advantage of low inflation to ensure growth in Southeast Asia's largest economy keeps steaming along.

Indonesia rule 'to curb adultery'

9 Feb 2012

A new government policy in northern Indonesia will enable wives of civil servants to have direct access to their husbands' salaries, officials say.

Singapore firms stop Indonesia palm oil exports to Iran

9 Feb 2012

KUALA LUMPUR (Reuters) - Singaporean firms have stopped supplying Iran with Indonesian palm oil on concerns over the country's ability to make payments in the wake of Western sanctions, trading sources in Singapore said on Thursday. Palm oil traders in Southeast Asia, which supplies 90 percent of the vegetable oil globally, stopped taking Iranian letters of credit late last year ahead of fresh U ...