Indonesia’s anti-corruption agency has named the country’s speaker of parliament as a suspect in a major graft scandal which is estimated to have siphoned around $170 million out of government coffers. The Corruption Eradication Commission named house speaker Setya Novanto as a suspect late Monday in the giant graft case that has also implicated other … Read more
US Vice President Mike Pence announced $10 billion in deals between American and Indonesian companies during a visit to Jakarta Friday, as he pushed for greater access to Southeast Asia’s top economy. Eleven deals were signed. Energy firm Exxon Mobil, General Electric, and aerospace giant Lockheed Martin were among the American companies involved in the … Read more
Mining giant Rio Tinto reported a plunge in its copper output on Thursday as a strike in Chile and Indonesian regulatory changes hit production. In a quarterly report, the world’s second-biggest miner said copper output slumped 37 percent in the first quarter compared with the same period last year to 84.2 thousand tonnes, adding it … Read more