Flag carrier Garuda Indonesia says it will purchase 25 new Boeing 737-800 aircraft as part of its long-term business plan to upgrade its aging fleet and return the airline to profitability.

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Indonesia's banking sector must improve its risk management capabilities to avoid a repeat of the 1997 economic crisis, a former Australian prime minister and treasurer says.

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Independent research and advisory firm Financial Insights, an IDC company, announced Monday a set of guidelines for banks and service providers that want to take advantage of the strong growth prospects in Indonesia's banking sector.

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PT Krama Yudha Tiga Berlian Motors (KTB), manufacturer of the country's leading commercial vehicle, the Mitsubishi Colt Diesel truck, has launched eight new product series. The company aims to boost vehicle sales to 48,000 this year from 40,000 last year.

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Having gone through years of slow, painful and costly recovery since the 1997-1998 monetary crisis, the country's banking sector is now ready to take the lead in supporting economic growth, Bank Indonesia Governor Burhanuddin Abdullah said Monday.

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I heard that Garuda is buying new Boeing planes.Are these new planes going to be use for domestic, International routes? Anyone with more insight on this?I am smelling Garuda's public relation working hard to ease the fear of public flying.

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