World News by Wild Rose

The tanker detained by Indonesian authorities that was used in an attempt to smuggle 1.16 tonnes of ketamine is owned by a Malaysian-registered company. Bukit Aman Narcotics Crime Investigation Department director Hussein Omar Khan said the two directors of the company that owns the MT Global 168 are Malaysians. He said the company’s office is located in Johor Bahru, Malaysia’s Johor state. According to Hussein, the tanker had previously applied for registration under the Malaysian flag but had...

Indonesia is reducing natural gas exports to neighboring Singapore as President Prabowo Subianto seeks to shore up domestic supply and strengthen energy security for Southeast Asia’s largest economy.

The world’s oldest cave paintings on the Indonesian island ⁠of Sulawesi are under threat ⁠as heat and smoke from the ⁠country’s worst wildfires in more than a decade risk accelerating the deterioration of the more than 67,000-year-old works of art, according to researchers. Indonesia is battling its most intense forest and land fires since 2015 as a severe El Nino drives up temperatures and reduces ‌rainfall, leaving its forest and peatland vulnerable to fire. While the islands of Sumatra and...

Fallout from MSCI Inc.’s warning that it may remove Indonesia from its global equity indexes is spilling into corporate credit, causing risk premia on dollar bonds of local companies to widen to a six-year high over Asian peers.

Indonesia’s government has resisted mounting calls to declare widespread forest and land fires a national disaster, insisting it can handle the crisis alone as residents report worsening health impacts and disaster experts warn that a broader, coordinated response is needed. Critics suggest the reluctance may stem from concerns that a national declaration could force Jakarta to redirect funds from other political priorities, while exposing the administration to greater scrutiny over its disaster...

Bloomberg reporters answer your questions about the challenges Southeast Asia's biggest economy faces on Oct. 23 at 11 a.m. HKT

Indonesia is seeking to raise 10 billion yuan ($1.5 billion) through a panda bond sale, returning to China’s onshore debt market as Southeast Asia’s largest economy confronts MSCI Inc.’s double downgrade threat.

Indonesian shares declined, ending a two-day rebound in a sign of fresh worries about MSCI Inc.’s warning to downgrade the Southeast Asian country.

Indonesia’s president railed against “countries that like to insult” his nation over wildfires that have razed vast areas, spewing toxic haze into neighbouring countries. The Southeast Asian giant has for months struggled to contain fires that Nusantara Atlas, an independent monitor analysing satellite data, said had consumed more than 1.9 million hectares (4.7 million acres) in the nine months to September. The haze has sent air pollution levels surging to dangerous levels not only at home, but...

As MSCI Inc. officials joined a call on Tuesday afternoon Jakarta time, many of the more than 100 participants were investors still reeling from the index provider’s sudden warning of a potential double downgrade for Indonesia. They questioned the need for such a drastic step and wanted to know whether the country stood a chance of retaining its emerging-market status.

The BBC's Liza Tambunan is in central Kalimantan, to explain what peat is and why Indonesia is facing its worst wildfire season in a decade.

Indonesian President Prabowo Subianto had a message Wednesday for global index provider MSCI Inc.: Indonesia would not be cowed.

Indonesian banks and telecommunication stocks may face further losses, as the nation’s best-run companies struggle to stay immune from any broad selloff on the risk of a downgrade by MSCI Inc., according to Allspring Global Investments.

Indonesian miner PT Merdeka Gold Resources plans to raise about $559 million through a share sale, embarking on a major capital increase at a chaotic time for local markets.

A fire broke out aboard the KMP Batumandi as the ferry approached Merak Port in western Indonesia on Tuesday

Fires in Indonesia have burned through more than 1.9 million hectares of land, according to new data, as the country battles its worst wildfire season in a decade. The blazes have sent toxic smoke across much of Southeast Asia, forcing schools to close and fuelling a rise in respiratory illnesses. FRANCE 24's Environment Editor Valerie Dekimpe tells us more.

As the threat of a reclassification by MSCI that could relegate Indonesia to an investment hinterland looms, the country’s financial regulators and stock exchange officials have vowed to address systemic concerns, including removing stocks with concentrated ownership. The global index provider announced on Friday it was launching a formal consultation to decide whether to downgrade Southeast Asia’s largest economy from “emerging market” to “stand-alone” status, similar to countries such as...

At a meeting on Sunday afternoon involving officials from Indonesia’s Financial Services Authority and the country’s stock exchange, some attendees were surprised to see several prominent Instagrammers present.

Indonesian stocks rebounded from their worst rout in nearly four decades after authorities unveiled fresh measures aimed at averting a potential two-step downgrade by MSCI Inc.

The Indonesia Stock Exchange’s plan to remove shares with highly concentrated ownership from its benchmark is a step in the right direction as regulators work to avoid a double market downgrade by MSCI Inc., analysts said.

Indonesian markets extended their selloff, with stocks deepening their worst rout in almost 30 years and losses spreading to bonds and the rupiah after MSCI warned the country may face a two-step downgrade. Bloomberg's Anthony Stephens has more. (Source: Bloomberg)

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Indonesian officials plan to meet with MSCI Inc. executives on Monday, according to people familiar with the matter, after saying they were blindsided by the index provider’s threat to reclassify the country as a standalone market — a much more severe step than they thought was under discussion during months of talks.

Conservation groups have saved at least 51 orangutans in Indonesia from August 6 to October 19 as rampant wildfires and a months-long pollution spell have threatened their natural habitat. 

MSCI has opened a consultation to reclassify Indonesia from Emerging Market to Standalone Market status, with a final decision due by June 30, 2027. The post Indonesia Could Lose Emerging Market Status appeared first on The Rio Times.

Singapore has identified seven companies it says were involved in wildfires in Indonesia that are choking the city state with haze, and plans to issue notices requiring them to take preventive measures, the Business Times reported. The companies will receive notices under the Transboundary Haze Pollution Act requiring them to stop or refrain from burning and submit plans to prevent a recurrence, the newspaper reported, citing Sustainability and the Environment Minister Grace Fu at a Friday press...

Indonesia has spent months trying to persuade investors that its economy is on the right course. A weakening rupiah, mounting budgetary pressures and a series of contentious policy decisions have made that task harder. Doubts about the management of Southeast Asia’s largest economy have now coalesced around its central bank, whose independence has come under intense scrutiny recently as President Prabowo Subianto seeks to steer economic policy. The appointment of Destry Damayanti – initially as...

Indonesia has spent decades establishing itself as one of the world’s most important emerging markets. Now the country — Southeast Asia’s largest economy, with a gross domestic product of about $1.5 trillion — risks losing that standing, potentially jeopardizing billions of dollars in foreign investment.

“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)

The governor of an Indonesian province bearing the brunt of weeks of raging forest fires has sought to douse anger over his trip to Singapore, as Jakarta “welcomed” help from its neighbours choked by transboundary haze to contain the crisis. East Kalimantan Governor Rudy Mas’ud, who was spotted having breakfast with his wife at the famous integrated resort Marina Bay Sands in a photo posted online on Sunday, said he travelled to the city state for a medical check-up. Rudy’s clarification came...