Indonesia on Tuesday launched a tax amnesty in a bid to give Southeast Asia's top economy a multi-billion-U.S.-dollar boost, defying criticism the move will let evaders off the hook.
The Indonesian capital's reputation as one of the most congested cities is typically not an advantage with investors. But one company has become the country's most visible technology success with an app that relieves some of the pain of its maddening traffic.
Indonesian lawmakers are expected to pass a new tax amnesty aimed at encouraging wealthy citizens with billions of dollars in assets abroad to come clean with the taxman.
Five days after the ceremony to celebrate the ground-breaking of Indonesia's Jakarta-Bandung high speed railway project, the government has changed its mind, saying that construction cannot proceed as a result of unresolved issues and incomplete paperwork.
Indonesian authorities backed down Friday from attempting to enforce a ban on ride-hailing apps and motorbike taxis after the move sparked online fury in a country where millions rely on the services.
Consumer goods giant PT Unilever has officially opened its first ever oleochemical processing plant in Indonesia's Sei Mangkei special economic zone (SEZ) in Simalungun, North Sumatra, becoming the industrial zone's anchor investor and spurring hopes that it will boost economic growth in the region as well.
Indonesia's Maritime Affairs and Fisheries Minister Susi Pudjiastuti has called on the international community to recognize the practice of illegal, unreported and unregulated (IUU) fishing as a form of transnational organized crime (TOC).
Indonesia's economy has staged a slight comeback, recovering from dismal growth figures earlier in the year, but analysts said Thursday it was still nowhere near enough to meet the ambitious promises of President Joko Widodo.
When it comes to the sanctity of a contract, the devil is always in the detail. With both hands tied by legal constraints, the Indonesian government had few options other than forging a deal with U.S. mining giant Freeport McMoRan Inc. two weeks ago to assure the contract extension of its local unit PT Freeport Indonesia (PTFI).
Mainland Chinese and Indonesian state-owned companies Friday signed a US$5.5 billion deal to build the first high-speed railway in Southeast Asia's top economy, after Beijing beat Tokyo to win the construction project.