A man passes a screen at Indonesian Stock Exchange in Jakarta. (file photo)

Jakarta index extends losses, rupiah gains

REPUBLIKA.CO.ID, JAKARTA - The Jakarta composite index closed lower 38.40 points on Tuesday on minimum domestic sentiment with the market players choosing to wait and see ahead of the formation the cabinet of the president-elect Joko Widodo. The index of the Indonesian Stock Exchange (BEI) fell 0.74 percent to 5,146.55 points with index of 45 most liquid stocks down 0.86...

One Garuda's airplane parks in Soekarno-Hatta Airport. (Illustration)

Five candidates to contest for Garuda Indonesia's CEO

REPUBLIKA.CO.ID, JAKARTA - Ministry of State Owned Enterprise is seeking prospective candidate to replace President and CEO of Garuda Indonesia (Persero) Emirsyah Satar. Satar's term of duty will expire in October 2014 after leading for two periods. "There are at least four candidates competing to become the CEO," a source told to reporter on Monday. The four candidates are Zulkifli Zaini...