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January 1, 2009 Thursday
Updated

JAKARTA - INDONESIA'S economy expanded 6.2 per cent in 2008, the finance ministry said on Thursday, slowing slightly from 6.3 per cent in 2007 when Southeast Asia's biggest economy enjoyed its fastest growth in a decade.

While growth was roughly in line with official forecasts, the government has warned that 2009, an election year, could be tougher, with growth seen at between 4.5 and 5 per cent - below the 6 per cent pace that analysts say is needed to prevent unemployment from rising among Indonesia's 226 million people.

 
Madoff's stolen statue returned

PALM BEACH (Florida) - THIEVES calling themselves 'The Educators' have returned a statue stolen from disgraced investment guru Bernie Madoff. And they hope he's learned his lesson.

The Palm Beach Post reports that the US$10,000 (S$14,354) copper sculpture turned up on Wednesday near the country club Madoff belonged to.

Cable giant, Viacom reach deal

LOS ANGELES - MILLIONS of Time Warner Cable customers won't lose their access to MTV and 18 other channels after the cable giant reached an agreement early Thursday with media conglomerate Viacom Inc.

The two sides, citing disagreement over fee hikes, had threatened a damaging blackout at a minute past midnight Thursday that would have cut off shows such as 'SpongeBob SquarePants' and 'The Colbert Report' to about 15.7 million subscribers.

Further stimulus for Indon

JAKARTA - INDONESIA'S president promised further fiscal stimulus to help South-east Asia's biggest economy withstand the global economic slump, and which may be funded in part by a return to the international bond market next year.

   
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