Indonesian Political, Business & Finance News

Oil, gas law: The House of Representatives finally approved on

Oil, gas law: The House of Representatives finally approved on Tuesday a long-awaited new oil and gas law, which will end the decades-old lucrative monopoly of state oil and gas firm Pertamina. Page 2

Police law: Bowing to mounting public pressure, the House of Representatives (DPR) agreed on Tuesday to reconsider its plan to pass the controversial police bill into law on Wednesday. Page 3

U.S. on the brink of recession:The United States is in the early stages of a recession which could be as deep and intractable as any since World War II, with serious consequences for the rest of the world. The situation can be remedied, but only if there are large changes in policy, in the U.S. and elsewhere. Page 5

Surabaya mayor: The disappearance of Surabaya mayor Soenarto Sumoprawiro is continuing to puzzle municipality officials and legislators, who held a meeting on Tuesday to seek clarification as to his whereabouts. Page 7

Recovery: Vice President Hamzah Haz demanded on Tuesday that the public help maintain security and political stability to allow the real sector to recover, otherwise the economic crisis would worsen. Page 8

New medicines from the sea: Sea sponges aren't only handy in the bath, they could also provide doctors with a new generation of drugs to treat serious diseases, including cancer. Page 16

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