Shipping company PT Pelita Samudera Shipping has received a nod from its shareholders to carry out a private placement to fund the purchase of a new vessel as part of its expansion plan this year. The publicly listed company is planning to buy a new handy size mother vessel worth US$7.52 million from Singapore-based Convivial Navigation Co […]
Read MoreIndonesia posted a trade surplus of US$85.1 million in August in a reversal from the trade deficit it recorded the previous month, according to the latest data from Statistics Indonesia (BPS). “In August 2019, exports fell, but imports fell even more sharply in value,” BPS head Suhariyanto said on Monday in Jakarta, explaining the surplus. […]
Read MoreIndonesia’s on-demand services app Gojek has teamed up with start-up accelerator Digitaraya to provide training to start-ups as they look for the next unicorns in the country en route to be Southeast Asia’s digital powerhouse. The program, named Gojek Xcelerate, will provide six-month training programs to 20 selected start-ups. Workshops will involve Google’s start-up acceleration program Google Developers Launchpad, […]
Read More[JAKARTA] SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matter said. A deal would see Singapore-based Grab buy a majority interest in Ant-backed DANA […]
Read MoreJAKARTA: The World Bank projects Indonesia’s economic growth will slide to below 5% next year and warned of the potential for “severe” capital outflows as global risks including the US-China trade war intensify. The forecasts were presented to Indonesian President Joko Widodo, according to two people with knowledge of the matter, who didn’t want to be […]
Read MoreIndonesia will follow in the footsteps of several major economies by taxing digital companies, with a newly proposed taxation bill set to serve as legal footing for the government to collect corporate income tax from foreign tech giants doing businesses in the domestic market. The government has been in a long battle to tax foreign […]
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