Business
Indonesia’s gas crunch strains domestic industries, may shake trust in exports
Indonesia’s growing gas shortage is forcing the government to prioritise domestic industries – a decision which analysts said could…
Tag
Indonesias
Business
Indonesia’s ‘Gasoline Godfather’ targeted in US$18 billion graft probe
[LONDON/JAKARTA] A reclusive oil merchant dominated Indonesia’s fuel trade for decades. Now he is embroiled in a US$18 billion probe into…
Business
Indonesia’s benchmark yield falls to lowest in almost two years
Emerging Asian sovereign bonds have rallied this year as global funds diversified their investments away from US dollar assets Indonesia’s…
Business
Indonesia’s Kangaroo bond sale a tricky call for local investors
Indonesia’s plan to issue its first Australian dollar-denominated debt next month has piqued investor interest, though questions mount on…
Business
Indonesia’s Chandra Daya jumps 35% following 2.4 trillion rupiah million IPO
The company plans to use the proceeds from its share sale to develop and expand its main infrastructure businesses by acquiring ships and…
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…
Business
Indonesia’s sovereign wealth funds Danantara loans US$405 million to flag carrier Garuda
Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jets…
Business
Indonesia’s sovereign wealth fund Danantara loans US$405 million to flag carrier Garuda
Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jets…
Business
Toyota crashes Indonesia’s used-car party with $120m bet
It’s an alliance everyone saw coming. After decades of dominating Indonesia’s automotive industry, Toyota and Astra are joining forces for…
Business
Toyota crashes Indonesia’s used-car party with US$120 million bet
It’s an alliance everyone saw coming. After decades of dominating Indonesia’s automotive industry, Toyota and Astra are joining forces for…
Unsorted
Flights to Indonesia's Bali resume after disruption by volcano eruption
All flights to and from the Indonesian resort island of Bali resumed on Thursday (Jun 19) after being cancelled or delayed due to…
Business
Indonesia’s Widjaja family’s Sinarmas Land offer wins 90% acceptance, triggering compulsory acquisition
Lyon Investments – controlled by the Widjaja family, one of Indonesia’s wealthiest clans – has crossed the 90 per cent acceptance…
Business
Indonesia’s wealth fund in talks to aid flagship airline Garuda
Garuda is in talks with Indonesia’s sovereign wealth fund Danantara about an injection of capital, people familiar with the matter said,…
Business
Grab looks to strike a deal to acquire Indonesia’s GoTo in Q2: sources
[SINGAPORE,HONG KONG] US-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival…
News
Mass food poisonings cast shadow over Indonesia's free school meals
Indonesia is on an ambitious mission to offer free meals to 80 million school children - but that hasn't exactly gone according to plan.…
Business
Indonesia’s foreign reserves hit record high despite rupiah rout
Domestic concerns, such as the fiscal outlook and slowing economic growth amid President Prabowo Subianto’s shuffling of policy…
Business
DBS leading race to buy controlling stake in Indonesia's Panin Bank
DBS Group, South-east Asia’s top bank by assets, is the frontrunner to buy a controlling stake in Indonesia’s Panin Bank, three people…
Business
China’s control over 75% of Indonesia’s nickel capacity raises concerns
Chinese companies currently control 75% of Indonesia's nickel refining capacity, raising concerns about supply chain resilience, according…
Business
Indonesia’s new export earnings rule raises fears of cash crunch, competitive setbacks - The Business Times
Indonesia’s bold move to mandate exporters to park all earnings onshore for a full year starting Mar 1 has come in for some criticism,…
Business
Bank Indonesia’s 25% stake in bond market fuels liquidity fears
INVESTORS in Indonesia are growing increasingly wary about potential stress in the nation’s bond markets as the central bank ramps up debt…
Business
OUE Reit divests entire stake in Shanghai property owned by Indonesia’s Lippo Group
OUE Real Estate Investment Trust (Reit) is set to sell its entire stake in Lippo Realty, a real estate service provider that manages and…
Business
BP and partners to invest US$7 billion in carbon capture project in Indonesia’s Papua
BP AND partners said they would invest US$7 billion in a carbon capture project and gas field development in Indonesia’s easternmost Papua…
Unsorted
Woman-owned cafe in Indonesia's Sharia stronghold shakes stigma
In what claims to be the only woman-run cafe in the capital of Indonesia's most conservative province, owner Qurrata Ayuni says she and…
Business
Sembcorp inks deal to produce green hydrogen with Indonesia’s PLN
The facility in Sumatra will churn out 100,000 metric tonnes of green hydrogen a year SEMBCORP Industries said on Monday (Oct 21) that its…