Business
Why Indonesia’s rupiah hit a record low in January
Indonesia’s rupiah has been under sustained pressure for months as investors grow uneasy about the country’s fiscal outlook and the…
Tag
Indonesias
Business
Indonesia’s instant noodle players take off as global markets expand with rise of ‘super-premium’ packs: report
Analysts are cautious on other Asian brands Nissin Foods and Uni-President China, however Instant noodle brands from Indonesia are fierce,…
Business
Rupiah redenomination: How will Indonesia’s currency reform affect its economy?
Redenomination can improve the country’s economic efficiency and enhance confidence in the currency but risks driving inflation In…
Business
Indonesia’s Pertamina says fuel retailer Vivo agrees to purchase petrol
Indonesia state energy firm Pertamina said that fuel retailer Vivo Energy Indonesia (Vivo) has agreed to buy 40,000 barrels of petrol, out…
News
Indonesia's protests over the economy turn to police brutality
Protests in Indonesia sparked by economic hardship have elicited a heavy-handed response from police, triggering concerns that the…
Business
Indonesia's central bank wants rupiah to trade around 16,300 a dollar
The rupiah hit its weakest since August 1 of 16,500 a dollar during intraday trade on Monday Indonesia’s central bank has been guiding the…
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…
Business
Indonesia’s Pertamina and PLN partner for 530MW geothermal energy projects
Indonesia’s state-owned energy company PT Pertamina and state electricity provider PT PLN have reportedly entered an agreement to develop…
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…
News
Indonesia's fight to clean up 'the world's most polluted river'
Wida Widiarti has spent her entire life near the Citarum River on Indonesia's main island of Java. That means she has witnessed first-hand…
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
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…
Business
Indonesia’s state banks eye bigger share of growing wealth market in Singapore
Bank Negara Indonesia (BNI) and Bank Mandiri, Indonesia’s state-owned banks, are pulling out all the stops to make their mark in…
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
Indonesia’s US$48 billion social security fund eyes doubling equities exposure
Indonesia’s US$48 billion social security fund BPJS Ketenagakerjaan, the country’s largest institutional investor, aims to raise the share…
Politics
Indonesia’s ambitious new capital faces unwelcome visitors: rats
As thousands of holiday tourists poured into the site of Indonesia’s under-construction new capital during the Eid al-Fitr break, they…
Business
Indonesia’s Widjaja family moves to delist Sinarmas Land from SGX; more large-cap exits on the horizon
An entity controlled by Indonesia’s billionaire Widjaja family has made a voluntary unconditional cash offer for all the shares in…
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
Indonesia’s new Danantara investment fund readies for launch
A SWEEPING overhaul of how Indonesia runs its powerful state companies will create a multibillion-dollar investment vehicle that could…
Business
Indonesia’s INA, Japan’s DBJ launch hybrid fund for mid-sized businesses
Indonesia has emerged as a crucial market for several Japanese financial institutions in South-east Asia to expand their businesses in the…
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
Indonesia’s bold move to mandate exporters to park all earnings onshore for a full year starting Mar 1 is set to shake up the industry.…