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…
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…
Trump says trade talks still planned for September after China tariffs go into effect
The umpth round of tariffs went into effect early Sunday as well as trade talks with Beijing President Donald Trump said trade talks with Beijing are still planned for September after a new round of tariffs went into effect on Sunday. “We are talking to…
Pressure Grows on Asia’s Factories as Tariff Escalation Bites
Manufacturing nations across Asia remained under pressure during August Manufacturing sentiment across Asia remained in the doldrums during August as the escalating U.S.-China trade war continues to hammer sentiment. Purchasing manager indexes for Japan, South Korea and Taiwan remained in negative territory. Japan’s Jibun Bank…
G7 leaders discuss climate change, economics, Russia and Iran
These days, that Donald Trump has not walked out constitutes a triumph A YEAR ago, at the previous G7 meeting in Canada, a single image captured the mood. It showed Germany’s Angela Merkel leaning imploringly over a table towards a seated Donald Trump, his arms…