Indonesia

Indonesia may relax production quotas of nickel and coal if prices stay high, minister says

The country is the world’s top exporter of thermal coal and nickel products

Indonesia Stock Exchange said companies would be assigned different deadlines of one, two, or three years to comply with the rules.

Indonesia financial regulator approves phased three-year implementation of free float rules

The 15% free float requirement is part of a series of capital market reforms

The ongoing conflict in the Middle East has made imported energy an expensive alternative for industries in South-east Asia’s largest economy.

Indonesia’s manufacturers hit hard by Middle East energy shock, domestic gas crunch

Dual shock is squeezing margins, disrupting production and eroding competitiveness, say market players

The rupiah rose as much as 0.6% against the US dollar.

Indonesia rupiah rises most in six months, stocks gain in reopen

The rupiah has also weakened past Asian Financial Crisis levels to a record low

Global funds have also sold US$510 million of the nation’s stocks this year on a net basis, heading for the biggest quarterly outflow since June.

Indonesia markets reopen as shifting Iran headlines spur caution

The rupiah and Indonesian bonds have also come under pressure

Malaysian stocks have been a clear beneficiary of the conflict as energy prices rise, with the Kuala Lumpur Composite Index largely supported by oil and gas counters.

Trump shelves military strike ultimatum on Iran, but not before South-east Asian markets hit the skids

Still, Malaysia and Singapore equities are hit the least since Middle East conflict erupted, defying regional gloom

Michael Bambang Hartono (seen here in 2018) played a pivotal role in transforming Djarum into one of Indonesia's largest producers of clove cigarettes.
OBITUARY

Indonesia’s richest man, Djarum co-owner Michael Bambang Hartono, dies aged 86

The tycoon had an estimated net worth of US$17.5 billion

Indonesia and Malaysia are the world’s dominant producers of palm oil.

Malaysia fertiliser producers halt new orders as Iran war drives up prices

The near-closure of Hormuz has choked off a significant share of fertiliser produced in the Middle East

The rate has been steady since October, and the central bank omitted previously used language about seeking room to lower borrowing costs.

Indonesia tightens rules on dollar-buying as war spurs outflows

The monetary authority also needs to closely monitor inflationary pressures