Bloomberg Indonesia will turn to private investors for the hundreds of billions of dollars in investment needed to develop the archipelago’s infrastructure and natural resources, President Joko Widodo said, brushing off claims he was increasingly becoming an economic nationalist. All major projects will be offered to the private sector, Widodo, also known as Jokowi, told Bloomberg Television’s Haslinda Amin in ...

Bloomberg India is planning to enhance its meteorological forecasting capability to more accurately predict severe weather in a localised manner. The Ministry of Earth Sciences will send a proposal to the government for spending $308 million in five years to install more radars, supercomputers and special observatories, said M. Rajeevan, secretary of the ministry. The modernisation programme will help the ...

Bloomberg Palm oil imports by India, the world’s biggest buyer, climbed for an eighth straight month in September as lower international prices prompted traders and refiners to buy more to meet festival demand. Imports advanced 20.4 percent to 931,637 metric tons in September from a year earlier, the Solvent Extractors’ Association of India said. Total vegetable oil purchases, including sunflower ...