Indonesia’s economy at risk as global recession looms: World Bank
The World Bank highlights that with the rise of a global recession, Indonesia should wise up and respond in turn with its foreign direct investment. Indonesia’s economy, which has been growing steadily at around 5.3 percent per year on average since the start of the…
Sleepy to sleepless? Indonesia’s future capital in the forest
Locals worry their city will soon mirror the capital, polluted and unruly. By night, the beams of an occasional truck carrying coal or palm fruits pierce the darkness. This remote corner of Indonesia is set to be transformed from a forest backwater on the island…
International dignitaries, communities mourn BJ Habibie’s demise
Condolences continue to pour onthe first day of mourning. International dignitaries are offering their condolences over the demise of Indonesia’s former president Bacharuddin Jusuf Habibie at the age of 83 on Wednesday. Australia Prime Minister Scott Morrison, tweeted his condolences on Thursday on his official…
Jokowi tells ministers to take advantage of US-China trade war, as investors bypass Indonesia
President Jokowi underlines foreign direct investment as the key to shield Indonesia from looming global slowdown Research by the World Bank revealed that Chinese companies seeking to shift operations due to the trade war with the US had gone to Vietnam, Malaysia, Thailand and Cambodia…
Oil slips as market assesses fallout from Saudi attack
Attacks on Saudi oil facilities have prices soaring and markets pressured over the threat of amilitary response. Oil prices slid on Tuesday, although the market remains on tenterhooks over the threat of a military response to attacks on Saudi Arabian crude oil facilities that halved the…
Falling Behind: Lazada’s Position as No. 1 Regionwide Slips
Lazada, an online retailer owned by Alibaba, reflects on its slipping dominance among top shopping apps in Southeast Asia.
Fix Asia’s megacities, don’t move them
Indonesia is not the first city to relocate to alleviate its woes, but will it fall into the same trap as its predecessors? Asia’s biggest cities, from Shanghai to Dhaka, are struggling to manage the impact of decades of growth. Some are sinking. Most are…
Welcome to the jungle: Indonesia picks site for new capital city
JAKARTA — Indonesia is draining the swamp. A steamy, jungle-clad island best known for orangutans, pygmy elephants and oil fields is to become the site of the country’s new capital, in an ambitious plan to ease pressure on smog-choked Jakarta. President Joko Widodo announced Monday…
West Java governor mulls relocating capital city from Bandung, names 3 possible locations
Indonesia may be witnessing a new trend of relocation announcements with Bandung, seemingly, next inline It seems President Joko Widodo has started a new trend: after Jakarta, Bandung may be next to relinquish its title as a capital city (albeit provincially). Yesterday, West Java Governor…
Tax office announces new incentives for oil and gas exploration, exploitation
The Energy and Mineral Resources Ministry announced open access for oil and gas industry stakeholders Indonesia’s tax office has announced several tax incentives for oil and gas contractors operating in the country. At the exploration stage, the tax office will waive outstanding value added tax…