Go-Jek appoints Boy Thohir as independent commissioner

Garibaldi “Boy” Thohir has been appointed as independent commissioner of PT Aplikasi Karya Anak Bangsa (Go-Jek), a technology company whose core business is its ride-hailing application. “I...

Merill Lynch, Deutsche quit Indonesia’s stock market, Namura may follow

Foreign affiliated securities companies  PT Merrill Lynch Sekuritas Indonesia and PT Deutsche Sekuritas will withdraw from the Indonesia Stock Exchange (IDX) following their decision...

Mandiri told to prioritize customers’ interests after IT error

The Financial Service Authority (OJK) has called on state-owned lender Bank Mandiri to prioritize the interests of its customers in carrying out mitigation...

Krakatau Steel to list three subsidiaries in major reorganization plan

As part of a major corporate reorganization, state-owned steel producer PT Krakatau Steel plans to publicly list three of its subsidiaries.  Krakatau Steel president Silmy Karim identified...

Indonesia prepares cross border e-commerce regulation

To prevent an excess of imported goods from inundating the domestic market, the government is preparing a regulation on cross-border trade through e-commerce platforms. Coordinating...

Slow revenue growth attributed to new tax refund policy

Finance Minister Sri Mulyani Indrawati says the slow growth of tax revenues in the first half of 2019 was caused by the implementation of...

Electric vehicle regulation ready for Jokowi’s approval

A draft of a long-waited regulation on the acceleration of electric vehicle development is ready to be approved by President Joko “Jokowi” Widodo, an...

Rp 10.3 trillion allocated for Jokowi’s preemployment cards

Finance Minister Sri Mulyani says the government has allocated Rp 10.3 trillion (US$737.51 million) for preemployment cards as part of a program designed to...

Saudi Arabia set for 24-hour trading amid prayer time confusion

Saudi Arabia said it will allow some businesses to stay open 24 hours a day, an announcement that triggered puzzlement over whether it was...

Susi protests Singapore on smuggling of lobster larvae

Maritime Affairs and Fisheries Minister Susi Pudjiastuti has called on Singapore to combat the smuggling of lobster larvae into the city-state. Susi said Singapore should...

This year, 400 km of new toll roads to open

The Indonesia Toll Road Authority (BPJT) announced that the country aims to open 400 kilometers of new toll roads this year to have a...

PT Cipta Mortar Utama targets annual production of 170,000 tons

PT Cipta Mortar Utama, a subsidiary of a French company, the Saint Gobain Group, started production of 170,000 metric tons of mortar per year after...

Jokowi pledges ‘interconnectivity’ as his infrastructure vision for 2019-2024

President Joko “Jokowi” Widodo has pledged to continue his infrastructure programs in his second and final five-year term, with a focus on connecting the existing...

House approves Destry Damayanti as BI senior deputy governor

Members of House of Representatives Commission XI overseeing monetary affairs on Thursday unanimously approved Destry Damayanti as Bank Indonesia senior deputy governor after a...

Govt targets Rp 2 trillion from sales of retail saving bonds

The government is offering SBR007 retail savings bonds until July 25, through which it aims to collect Rp 2 trillion (US$141.99 billion). The Finance Ministry’s...

Association cries for help over influx of imported steel

The Indonesian Iron and Steel Industry Association (IISIA) has expressed concern over the large influx of imported steel amid the declining national steel industry...

Trump says cryptocurrency is ‘not money’

Donald Trump expressed his mistrust of cryptocurrency Thursday, saying it was "not money" and warning that those wishing to join the trade would have...

Singapore economy shrinks in warning for global trade

Growth in export-reliant Singapore suffered a surprise sharp contraction in the second quarter, official data showed Friday, sending a stark warning that US-China...

Govt approves revised development plan for gas-rich Masela block

The development of the Masela block in the Arafura Sea has entered the final investment decision (FID) stage after the government approved the latest revision...

Hong Kong investors to buy two Java toll roads

Toll road developer PT Waskita Toll Road (WTR), a subsidiary of state-owned construction company PT Waskita Karya, is close to selling two toll roads...

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