Illustrative photo. (Source: MarketScreener)

Indonesia enters first recession since 1998

Indonesia has officially entered its first recession since the 1998 Asian financial crisis as its economy contracts again in the third quarter of this year, albeit at a slower pace.

The disaster mitigation agency said the tourism spot had been closed and the alert status of the volcano was being evaluated. (Photo: BNPB Indonesia/Twitter)The disaster mitigation agency said the tourism spot had been closed and the alert status of the v

Indonesia: volcano erupts near Bandung city

A volcano erupted near Indonesia's third-biggest city of Bandung on July 26, sending ash several hundred metres into the air and triggering warnings for people to stay away.