Indonesia

Indonesia jails tax dodgers to meet budget goals

In the Dutch language, gijzeling means to take someone hostage. In Indonesia, that’s how authorities describe their strategy to deal with tax dodgers, throwing dozens of people in jail as part of a national crackdown.Eight months after the government closed an amnesty programme that gave Indonesians a chance to come clean on their tax affairs, it’s taking aggressive action to deal with those who still haven’t paid up.

2 November 2017
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Palm oil meeting in Bali to focus on weather

Some of the world’s biggest palm oil players will meet in Indonesia this week and just like two years ago, the weather will be a hot topic. But instead of the scorch of El Nino, this year the focus is on La Nina. The conference will feature predictions from industry heavyweights Dorab Mistry of Godrej International, LMC International’s Chairman James Fry and Oil World Executive Director Thomas Mielke.

1 November 2017
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Indonesia's economy may beat expectations, finance minister says

Indonesia’s finance minister said Southeast Asia’s biggest economy could expand at a faster pace next year than initially forecast.Economic growth may potentially be boosted by a pickup in investment in 2018, Sri Mulyani Indrawati said in an interview in Jakarta Friday.

30 October 2017
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Freeport hopes for 2017 deal from Indonesian talks

Freeport-McMoRan signalled it’s made progress with Indonesia on how to value its flagship Grasberg mine, but warned that the final stages of divestment negotiations are complex.“We are working with the government to have a complete resolution of those issues, and the current goal that we’re both working on is by the end of the year,” Chief Executive Officer Richard Adkerson said from Jakarta during a two-hour long earnings call that was, once again, dominated by questions about Indonesia.

26 October 2017
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OCBC's profit rose 12% on lending, wealth and insurance

Oversea-Chinese Banking Corp., Southeast Asia’s second-largest lender, reported higher third-quarter profit on increased revenue from its lending, wealth management and life-insurance businesses.Net income rose 12 percent to S$1.06 billion (780 million dollars) in the three months ended September 30, the Singaporean bank said in a filing on Thursday.

26 October 2017
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Indonesia seized 101 pangolins on fishing boat

Indonesian authorities have seized more than 100 pangolins, all of them alive, an official said Wednesday, a haul of the critically endangered species that conservationists estimate to be worth about 1.5 million dollars.Indonesian officials discovered the pangolins on Tuesday in a raid on a fishing boat off the east coast of Sumatra island, the navy said in a press statement.Authorities were tipped off by local residents who said men were attempting to smuggle the scaly mammals to Malaysia.Pa

25 October 2017
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An overview of solar energy in Indonesia

Indonesia is the largest energy consumer among all ASEAN member states. With over 261 million people living in the country, energy demand in the archipelagic country is growing rapidly. It currently has a total installed energy capacity of 57.6 gigawatts (GW).

24 October 2017
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US apologises after Indonesian military chief denied boarding

The US has apologised after Indonesia’s military chief Gatot Nurmantyo was cleared to travel to the US after initially being prohibited from boarding a flight to Washington.Foreign Minister Retno Marsudi said Monday that the issue had been resolved after she earlier met with deputy US ambassador to Indonesia Erin McKee.

23 October 2017
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Indonesia's Garuda targets profit in 2018

Garuda Indonesia is targeting a return to profit next year after a loss in 2017 as the flag carrier works to reduce expenses and operations improve.The airline is predicting a profit of 75 million dollars in the second half ending December but won’t be able to post a profit for the 12-month period following a larger loss in the first six months of the year, Chief Executive Officer Pahala Mansury said.

23 October 2017
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Three wounded in shooting near US mine in Papua

At least one gunman has wounded three people near a huge Indonesian gold and copper mine owned by US firm Freeport-McMoRan, the company said Sunday.The attacks occurred near the vast Grasberg mine in Indonesia's rugged eastern province of Papua.Mysterious shooting ambushes on the roads surrounding the company's massive open-pit mine are not uncommon and have resulted in deaths in the past.The attacks on Saturday injured two policemen and a security contractor, according to Freeport

22 October 2017
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ASEAN Roundup: October 16 - 22, 2017

TensionsTensions have risen in Southeast Asia over the past week, particularly in Myanmar and the Philippines. Scores of Rohingya refugees who were fleeing their homeland in northern Rakhine state of Myanmar found themselves stranded at the Bangladeshi border.

22 October 2017
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