Indonesian Rupiah

Investors flee further from Asian currencies

Asian currencies, including Hong Kong's growing pool of yuan, fell further yesterday as investors sought the safety of the US dollar amid fears a global economic slump is imminent.

Saturday, 24 September, 2011, 12:00am

Talking points

Our editors will be looking ahead today to these developing stories ...

Legco digs deeper into Godfrey allegations

16 Jun 2011 - 12:00am

Disaster watch

The following is the latest news in Japan's triple disaster:

Car giant Toyota says it will stop production at five European plants for eight days because of a shortage of parts that should come from Japan.

14 Apr 2011 - 12:00am

Caution: messing about with money usually ends in tears

Hong Kong residents planning a business trip to Jakarta, a holiday in Bali, or a diving jaunt to the underwater splendours of Manado will be delighted to learn that the Indonesian central bank is planning to lop three zeros off the face value of its currency, replacing the existing 10,000 rupiah notes with a new 10 rupiah denomination.

13 Aug 2010 - 12:00am

Corrections & clarifications

In the article 'Garuda rebound offers lessons for Chinese carriers' published yesterday, the 811 billion rupiah loss reported by Garuda Indonesia in 2004 was equivalent to HK$664 million and not HK$66.4 billion.

13 Oct 2009 - 12:00am

Graft activists call for inquiry as prosecutor caught taking bribe

Indonesian anti-corruption experts have welcomed the arrest of a state prosecutor, allegedly caught red-handed taking a bribe.

Urip Tri Gunawan was caught with US$660,000 in cash last Sunday in a raid conducted by the Corruption Eradication Commission, a state anti-graft unit established in 2002 to pursue high-profile cases.

8 Mar 2008 - 12:00am

Dutch art expert on the run after theft of artefacts

Indonesian museum relics sold off

Indonesian police have asked Interpol to track down a Dutch national accused of stealing centuries-old Buddhist and Hindu statues from the historic city of Surakarta.

The case suggests priceless archaeological artefacts have been siphoned off by museum officials.

6 Dec 2007 - 12:00am

Bali widows struggling 5 years after bombs

Five years after terrorist bombs claimed 202 lives in Bali's tourist heart, some of the widows of local victims remain haunted by what happened and still struggle to make ends meet.

Wayan Rastini, 35, says she will never forget how her husband, a taxi driver, acted strangely before going to work on that fatal day.

12 Oct 2007 - 12:00am

Ubud, Bali

In the 8th century, long before the advent of credit cards and sample sales, a Buddhist monk sailed to Bali from Java on a pilgrimage. He found his promised land in the farming village of Ubud, deep in Bali's lush interior. There he meditated and built a shrine, now known as Pura Campuan.

29 Jul 2007 - 12:00am

Jakarta

Kedai Tiga Nyonya

Jalan K.H. Wahid Hasyim 73

7 Feb 2007 - 12:00am

Asian stocks tumble as players cash out

High energy costs and rising regional units give excuse for profit taking

Stock markets fell across much of Asia yesterday as high energy costs and a surge among regional currencies against the US dollar gave investors an excuse to take profits after the recent rally.

25 Apr 2006 - 12:00am

Indonesia wakes up to a burning issue

Until late last month, Indonesia's government did little to stem the rupiah's long slide, perplexing many. That reflects Indonesia's new political reality: ignoring the poor masses that put the president in power could cost him the next election. But if other problems are not resolved quickly, they could sap the economy and also cost votes.

15 Sep 2005 - 12:00am

To avoid monetary muddles, stick to the rules and come clean

'It is always very difficult to strike the right balance, particularly in exchange rate management, between withholding key information for the purpose of retaining some constructive ambiguity on the one hand, and transparency that theoretically enhances efficiency and credibility on the other.

8 Sep 2005 - 12:00am

Oil threatens healthy global growth

IMF chief says Indonesian currency woes no risk to region but prescribes bitter pill for country's poor

Global economic growth will stay above 4 per cent this year, the head of the International Monetary Fund said at the weekend, but he warned that the high price of oil posed a growing risk to the outlook.

5 Sep 2005 - 12:00am

Acquisitive Asian firms spreading their wings to distant horizons

Early this week, Charoen Pokphand Foods, Thailand's biggest publicly traded chicken farmer, announced plans to spread its wings to Russia, Ukraine and Britain.

In today's world of mega-zillion-dollar mergers and acquisitions, Pokphand's plan is definitely nothing to crow about. Still, with its global ambitions, it shows that Asian companies are getting cocky indeed.

30 Jul 2005 - 12:00am

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