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.
U.S. mining giant Freeport-McMoRan has won assurances on its future in Indonesia, allowing it to move forward with plans to invest US$18 billion in the world's biggest underground mine, the company and government officials said.
Indonesian teacher Nina Ramadhaniah hopes for "blessings from Allah" by opening a sharia bank account -- the sort of pious customer the world's most-populous Muslim-majority country is praying for as it launches an Islamic finance drive.