Indonesia said it planned to relax the rule that forced foreign mining firms operating in the country to own no more than 49% of their stake in the mines within ten years after production has started.

Indonesia has been losing its attraction as a private equity goldmine due to increased competition, shifting government regulations and high valuation prices.

Technology and startup blog e27 backtracked on its earlier report that the formation of Alliance for Venture Capitals (AVCII) in Indonesia last week was merely a casual lunch date to discuss topics and future policies for the internet startup community.

The PCCI said that Indonesia had invited Filipino investors to invest in Amurang City's infrastructure and transportation sectors.

Indonesia gathered IDR 12 trillion in its most recent bond offering, beating an initial target of IDR 8 trillion.

A military source told Reuters that the US had finally agreed on selling AH-64E Apache combat helicopters to the Indonesian army, and are still in talks to iron out the terms of the deal.

Indonesia's two main state pension funds increased their stock purchases, which helped pare losses for Jakarta's battered share prices.

According to Indonesia's Bureau for Statistics, global demand for the country's assets remained unattractive to foreign investors.

Indonesia's PT Mandiri Manajemen Investasi announced plans of acquiring addition consumer stocks upon stabilization of the rupiah.

Indonesia biggest taxi operator, Blue Bird Group, plans to raise US$600 million through an initial public offering.