Flag carrier PT Garuda Indonesia’s finances deteriorated further just months after a $1.4 billion rescue by sovereign wealth fund Danantara, as surging fuel costs wiped out its remaining equity and added urgency to another share sale to shore up its finances.
Flag carrier PT Garuda Indonesia’s finances deteriorated further just months after a $1.4 billion rescue by sovereign wealth fund Danantara, as surging fuel costs wiped out its remaining equity and added urgency to another share sale to shore up its finances.
Indonesia’s passage of a new land reform law could increase risks for plantation companies and property developers by paving the way for new restrictions on corporate landholdings, according to analysts.
Indonesia’s passage of a new land reform law could increase risks for plantation companies and property developers by paving the way for new restrictions on corporate landholdings, according to analysts.
Indonesia will form a new body to oversee land reform and settle related conflicts in a bid to address longstanding problems that have plagued plantations, mines, farmers and indigenous communities.
Indonesia will form a new body to oversee land reform and settle related conflicts in a bid to address longstanding problems that have plagued plantations, mines, farmers and indigenous communities.
The World Health Organization should look beyond its own budget for funds to support itself and member countries, according to Indonesia’s Health Minister Budi Gunadi Sadikin, who is seeking to lead the agency.
The World Health Organization should look beyond its own budget for funds to support itself and member countries, according to Indonesia’s Health Minister Budi Gunadi Sadikin, who is seeking to lead the agency.
Indonesia’s Finance Ministry is reviewing a surprise reshuffle of hundreds of staff that former minister Purbaya Yudhi Sadewa said helped trigger his dismissal.
Indonesia’s Finance Ministry is reviewing a surprise reshuffle of hundreds of staff that former minister Purbaya Yudhi Sadewa said helped trigger his dismissal.
Indonesian President Prabowo Subianto nominated Destry Damayanti as the sole candidate to head the nation’s central bank, a move that may calm markets after veteran Perry Warjiyo unexpectedly resigned from the post in late July.
Indonesian President Prabowo Subianto nominated Destry Damayanti as the sole candidate to head the nation’s central bank, a move that may calm markets after veteran Perry Warjiyo unexpectedly resigned from the post in late July.
Indonesia’s biggest non-state bank said capital flight has hampered efforts to expand its wealth management business, underscoring how an erosion of investor confidence is hindering the private sector in Southeast Asia’s largest economy.
Indonesia’s biggest non-state bank said capital flight has hampered efforts to expand its wealth management business, underscoring how an erosion of investor confidence is hindering the private sector in Southeast Asia’s largest economy.
Hendra Lembong Photographer: Muhammad Fadli/Bloomberg
Indonesia is requiring financial influencers to disclose paid promotions and obtain licenses to recommend assets as Southeast Asia’s largest economy joins a global movement to tighten oversight of the social media personalities.
Indonesia is requiring financial influencers to disclose paid promotions and obtain licenses to recommend assets as Southeast Asia’s largest economy joins a global movement to tighten oversight of the social media personalities.
Indonesia joins countries including Singapore and India that are tightening oversight of financial influencers.
Indonesia spent much of this week confronting a question that might have seemed unthinkable a few short years ago: what happens when investors stop believing in Southeast Asia’s largest economy?
Indonesia spent much of this week confronting a question that might have seemed unthinkable a few short years ago: what happens when investors stop believing in Southeast Asia’s largest economy?
Prabowo during an interview at his residence in Hambalang, West Java, on March 14.
Indonesian Finance Minister Purbaya Yudhi Sadewa defended his economic track record and said he’d stay in his job after the rupiah plunged to a record low, pointing to inflows into the debt market as proof investors remain optimistic.
Indonesian Finance Minister Purbaya Yudhi Sadewa defended his economic track record and said he’d stay in his job after the rupiah plunged to a record low, pointing to inflows into the debt market as proof investors remain optimistic.
The new head of Indonesia’s free meals agency will refocus the mission of President Prabowo Subianto’s flagship $15 billion program engulfed in a corruption scandal with an eye on budget efficiency and scaled-down plans.
The new head of Indonesia’s free meals agency will refocus the mission of President Prabowo Subianto’s flagship $15 billion program engulfed in a corruption scandal with an eye on budget efficiency and scaled-down plans.
Indonesia’s free lunch program. Photographer: Rosa Panggabean/Bloomberg
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