Iyanatul Islam and Anis Chowdhury, Geneva, New York The financial crisis that first emerged in the US in August 2007 has transformed into a global economic and job crisis. The latest projections from multilateral agencies suggest that the world economy will contract in 2009 for the first time since...

Firefly, a subsidiary of Malaysian Airlines, has made a maiden flight between Subang Airport in Kuala Lumpur and Hang Nadim Airport in Batam, opening up a new low-cost airline route between the Malaysian cities and the popular Batam tourism magnet.

Air Asia launched Tuesday its new international route from Bali to Perth, Australia – the airline’s fifth international destination from Bali after Kuala Lumpur, Johor Baru, Bangkok and Singapore."Bali is the driving force behind Indonesia's tourist economy and this service is to support...

PT Indonesia AirAsia, the local unit of Kuala Lumpur-based AirAsia, Asia’s largest low-cost carrier, is set to acquire aircraft worth $715 million under lease financing arrangements, adding to its fleet of 29 aircraft currently operating in Indonesia.

Indonesia is hoping to attract $16.6 billion in oil and gas sector investment in 2009, a 28.6 percent increase from last year’s $12.9 billion, as the country seeks to boost production to meet demand, President Susilo Bambang Yudhoyono told an oil and gas conference on Tuesday.

Jakarta (ANTARA News) - Indonesian is getting more attractive to foreign investors following the improvement in economic conditions, supported by a conducive social and political situation, an economic think tank said."There are a lot of positive issues about our economy.

Jakarta (ANTARA News) - The government`s effort to encourage the people to use domestic products does amount to protectionism, Vice President Jusuf Kalla said here on Tuesday."Rather it is something that has to do with improving the competitive power of Indonesian products," the vice...