Achmad Zaky spoke with unusual candor after taking the stage in Jakarta that October afternoon. People stopped chattering and lowered their phones when he began recounting the decade he spent building one of Indonesia’s most successful startups. What none of the hundreds in the cavernous hall knew then: it was his last big public act as […]
Read MoreThe Transportation Ministry is considering raising the minimum fare for app-based ojek (motorcycle taxis) operating in Greater Jakarta to accommodate drivers’ demands, an official has said. According to the ministry’s road transportation director, Ahmad Yani, ojol (ojek online) drivers have demanded a floor price increase to Rp 2,500 (US$18 US cents) per kilometer from Rp 2,000 per km at present. […]
Read MoreThe Energy and Mineral Resources Ministry has decided to stop gas shipments to Singapore in the next three years to cater to domestic demand. “Gas exports to Singapore will stop in 2023 and we will use the gas for the domestic market,” Downstream Oil and Gas Regulatory Agency (BPH Migas) head Fanshurullah Asa said as quoted from the ministry’s press […]
Read MoreBank Indonesia (BI) has injected about Rp 25 trillion (US$1.82 billion) into the country’s financial markets as investors sell off assets over fears that the rapidly spreading coronavirus will hurt the global economy. BI Governor Perry Warjiyo said on Wednesday that the central bank had been buying government bonds in the market to stabilize prices […]
Read MoreThe State-Owned Enterprises (SOEs) Ministry will close down or merge state-owned companies that have consistently failed to post profits as part of the government’s restructuring of SEOs, Deputy SOE Minister Kartika “Tiko” Wirjoatmodjo said in Jakarta on Thursday. Tiko said that all underperforming SEO’s were currently under review, as the ministry looked to figure out […]
Read MoreThe government’s economic growth target in 2020 is unrealistic given last year’s sluggish economic expansion and looming risks from the coronavirus outbreak, economists have said. Institute for Development of Economics and Finance (Indef) economist Abdul Manan Pulungan said the global uncertainty that hampered global growth last year would continue this year, adding that there was […]
Read More
Thailand
