Business
Chinese tycoons are turning Indonesia into an aluminium giant
[LONDON/SINGAPORE] Chinese tycoons are turbo-charging Indonesia’s aluminium industry with multi-billion dollar projects that rival the…
Tag
Indonesia
Business
Hospital operator IHH eyes Indonesia, Vietnam for expansion
IHH Healthcare is looking to potential new markets Indonesia and Vietnam as the Malaysian hospital operator continues building scale to…
News
Bali flights nixed after huge Indonesia volcano eruption
Dozens of flights to and from Indonesia’s Bali island were cancelled on Monday (Jul 7) after a volcano belched a colossal ash tower 18…
Business
CATL breaks ground on US$6 billion Indonesia battery venture
world’s top maker of electric-vehicle batteries broke ground on a US$6 billion battery material ecosystem in Indonesia as the government…
Business
Video shows ex-Indonesian president speaking on tsunami anniversary, not island dispute
Indonesia's North Sumatra and Aceh provinces have been embroiled in a dispute over the control of four islands, but a video circulating…
Business
Indonesia working on new e-commerce tax rule in bid to target 'shadow economy'
Indonesia is working on a new regulation that will require e-commerce platforms to collect and pass on sellers’ sales income in a bid to…
Business
Indonesia’s yield curve may steepen as Bank Indonesia unwinds intervention
Indonesia’s sovereign yield curve is set to steepen as the central bank reduces its use of short-term rupiah securities, prompting a shift…
Unsorted
Changi Airport Group exploring possible new flights to Semarang, Palembang, Belitung in Indonesia
There could potentially be new flight connections between Singapore and three Indonesian destinations – Semarang in Central Java,…
Business
Indonesia central bank makes market intervention after rupiah depreciation
Indonesia’s central bank intervened in the foreign exchange market in a measured way on Thursday (Jun 19), an official said, after the…
Business
Indonesia antitrust agency gives 'conditional' go-ahead for TikTok's Tokopedia takeover
The agency will continue to monitor whether the requirements are being implemented until June 17, 2027 Indonesia’s antitrust agency has…
News
SIA flights from Changi Airport to Bali among dozens cancelled after Indonesia volcano eruption
At least two dozen flights to and from the Indonesian resort island of Bali, including Singapore Airlines flights from Changi Airport,…
Business
Indonesia bourse mulls extending trading window by one hour
The Indonesian stock market currently operates in a seven-hour window of 9.00 am to 4.00 pm Indonesia’s stock exchange will consider…
Business
China likely to ditch low-grade coal from Indonesia due to glut
CHINA is likely to cut imports of the lowest grades of coal as a glut of the fuel makes the trade uneconomic and the government tightens…
Business
Indonesia sovereign wealth fund interested in Grab-GoTo deal: Bloomberg
Indonesia’s sovereign wealth fund Danantara is considering a stake in the Grab acquisition of GoTo for US$7 billion, reported Bloomberg.…
Business
OCBC partners Ant International to offer embedded finance to Indonesia SMEs
OCBC has partnered digital payment, digitisation and financial technology provider Ant International to provide embedded financial…
Business
Garuda said in talks for US$500 million from Indonesia wealth fund
Garuda Indonesia is in talks with the country’s sovereign wealth fund Danantara about an injection of around US$500 million, according to…
Business
Global funds weigh whether Indonesia market rebound was too fast
Indonesia’s financial markets have bounced back after a torrid few months, sparking a debate on whether the rally can last. RBC BlueBay…
News
Three British nationals could face death by firing squad for allegedly smuggling cocaine into Indonesia
Three British nationals could face death by a firing squad after they allegedly smuggled about a kilogram – over two pounds – of cocaine…
Business
Thailand and Indonesia could be growth laggards in Asean: Nomura
Thailand and Indonesia are expected to be growth laggards within Asean, noted Euben Paracuelles, chief Asean economist at Nomura at the…
Business
RGE, TotalEnergies to develop solar power plant with battery storage in Indonesia
RGE and TotalEnergies on Wednesday (May 28) have signed a co-investment agreement to jointly develop a solar power plant with battery…
Business
Indonesia antitrust agency finds risk of monopoly from TikTok’s Tokopedia takeover
The agency says it found rising market concentration and warned of possible post-acquisition price hikes due to increased dominance…
Business
Activists Know How to Stop Sexual Violence in the Garment Supply Chain. Will Brands Buy In?
Women across South and Southeast Asia are demanding an end to gender-based violence and harassment in the garment supply chain, which they…
Unsorted
Chevron seeks big oil and gas blocks in Indonesia
Chevron is seeking blocks with potential reserves of around 15 trillion cubic feet of gas [TANGERANG, Indonesia] US oil major Chevron is…
Business
Foreigners revisit Indonesia stocks on easing economic concerns
Indonesian stocks are poised for their first monthly inflow since September as subsiding economic concerns and attractive banking shares…