June 16, 2015 edition
After four years at the branch office of Orix Indonesia Finance in Balikpapan, East Kalimantan, Hana Farida has begun to feel something is amiss. Whereas she used to process were lease applications, now it seems all she receives are 'accounts-receivable' forms. "The flow of work is still the same, but the type of work is far different," Hana said two weeks ago.
In April 2011, Hana was there for the coal and crude palm oil export boom, when dozens of credit applications for the purchase of heavy equipment landed on her desk each week. In early 2014, as mining and plantation commodity prices began to fall, however, things began to change.
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More Economy articles in other editions
June 9, 2015 edition
June 2, 2015 edition
Minister of Maritime Affairs and Fisheries Susi Pudjiastuti looks on the verge of an outburst. Her face is flushed. She keeps turning right and left trying to find out who is saying what. She has just been shouted down by several fishing industry businessmen.
Dozens from the United Fishermen Front from Central Java are lambasting Susi's policies in front President Joko Widodo at the Palace early last April.
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May 26, 2015 edition
A Belated And Non-impactful S&p Positive Outlook
In normal times, markets usually respond in a measured and rational way. But when Standard & Poor's (S&P) on Thursday last week raised Indonesia's outlook from stable to positive, investors treated it as another ordinary day. Jakarta Composite Index did not budge, just up 0.4 percent that day. rupiah also hardly moved, up to Rp13,136 per US dollar from Rp13,150 the day before.
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May 19, 2015 edition
Rows of concrete posts stood in paddy fields in Klitik village, Ngawi, East Java. Their yellow color has begun to fade. On one side can be seen the number 2014, marking the year of installation. "Last year they replaced the posts. Previously it was not made of concrete," said Klitik village chief, Jumirin, in late April.
Klitik village will be crossed by the Solo-Ngawi-Kertosono motorway. Of the six hectares required, five hectares have been fitted with these yellow posts. This means the land has been purchased in full by the government, since 2012 to 2013. President Joko 'Jokowi' Widodo inaugurated the initiation of the 177-kilometer highway construction on May 1. He gave two and a half years for the contractor to complete the construction.
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May 12, 2015 edition
May 5, 2015 edition