Indonesia

Vale Indonesia is working on three nickel projects worth $8.6 billion. (Photo courtesy of PT Vale) 
Commodities

Vale Indonesia embarks on $8.6bn nickel projects with Chinese firms

Miner expresses hopes on partnership with Ford Motor for EV battery materials

14 September 2022
Joe Biden talks with Joko Widodo in Glasgow, Scotland, in November 2021: Indonesia shares Washington's objective of a free and open Indo-Pacific intolerant of coercion.
Opinion

Indonesia is looking for more than security support from the U.S.

Despite territorial conflicts, economic ties with China remain strong

14 September 2022
Jia Hang was appointed as Ant Group’s general manager for Southeast Asia in March after joining the group’s international business in 2015. (Source photos by Tsubasa Suruga)
Technology

Ant Group's ASEAN expansion comes at right time: regional head

Alibaba fintech affiliate bets on global markets to counter restrictions at home

12 September 2022
President Joko Widodo is under pressure to help Indonesians cope with surging prices of fuel and other staples. (Nikkei montage/Reuters/AP)
Inflation

Indonesians' discontent over rising food and fuel prices grows

Widodo under increasing pressure to act to ease inflation pain

12 September 2022
A large crack is seen in a highway near the town of Kainantu, following a 7.6-magnitude earthquake in northeastern Papua New Guinea on Sept. 11.
11 September 2022
Regionwide, the survey showed that 83% of high net worth individuals had no crypto investments or less than 5% of their portfolio allocated to the asset class. 
Cryptocurrencies

Rich more bullish on crypto in Indonesia than Singapore, Hong Kong

Study shows close to 40% plan to increase allocation despite downturn in tokens

7 September 2022
Once a member of OPEC, Indonesia became a net oil importer in 2008.
Climate Change

Indonesian oil company Pertamina ramps up carbon capture efforts

Country seeks to become Asian hub for storage as it pushes net-zero goal

5 September 2022
Philippine President Ferdinand Marcos Jr., left, chats with his Indonesian counterpart, Joko Widodo, in Bogor on Sept. 5. (Screenshot from Indonesian Presidential Palace's YouTube channel)
International relations

Philippines' Marcos meets Indonesia's Jokowi in 1st state visit

Southeast Asian leaders discuss regional security and economic cooperation

5 September 2022
Saudi Arabia plans to back later-stage startups in Indonesia through a proposed joint fund. (Source image by AP/Reuters)
DealStreetAsia

Saudi Arabia to back Indonesia startups through joint fund

Middle Eastern kingdom is pushing toward a post-oil economy

5 September 2022
U.S. President Joe Biden, Japanese Prime Minister Fumio Kishida and Indian Prime Minister Narendra Modi participate in the Indo-Pacific Economic Framework for Prosperity launch event in Tokyo on May 23. 
Indo-Pacific

Indo-Pacific nations to agree on better supply chain communication

IPEF draft statement for Sept. 8-9 meeting also includes push for clean energy

4 September 2022
Indonesian Energy and Mineral Resources Minister Arifin Tasrif, right, shakes hands with Japanese Minister of Economy, Trade and Industry Yasutoshi Nishimura in Bali on Sept. 2.
International relations

G-20 fails to adopt energy communique amid supply scramble

Rifts over Ukraine war hinder green transition among major economies

3 September 2022
Philippine President Ferdinand Marcos Jr. has vowed to "stand firm in our independent foreign policy," siding with neither the U.S. or China. (Source photos by AP and Reuters) 
International relations

Marcos's ASEAN trip sets tone for 'independent' foreign policy

Philippine president to make first official trips to Indonesia and Singapore

2 September 2022
According to local media, ACT's chairman admitted to borrowing money from the charity to pay for cars, furniture and houses. (Source photos by Reuters and Antara Foto)
Society

Indonesian charity allegedly embezzles Lion Air crash funds

Money for communities siphoned off for personal use and Al-Qaida: investigators

2 September 2022
Founded in 1998, Navis manages approximately $5 billion in private equity capital and focuses on investments primarily in Southeast Asia and nearby economies. (Screenshot from Navis website)
DealStreetAsia

Private equity firm Navis exits Singapore manufacturer Adampak

A unit of Japan's Oji Holdings is buying stake from Navis for undisclosed sum

2 September 2022
Indonesian President Joko "Jokowi" Widodo is under pressure to tame domestic prices in the face of rising global energy and food costs.
Economy

Indonesian inflation eased to 4.69% in August, still above target

Jokowi urges home minister to act on high prices at regional level for social stability

1 September 2022
Work on a hydropower project backed by the Power Construction Corp. of China in a remote part of Indonesia is finally moving forward. (Photo by Erwida Maulia)
Energy

China pushes ahead with Indonesia's largest hydro-plant project

$17bn facility finally under construction as part of Beijing's Belt and Road

31 August 2022
Singapore-listed commodity trader Olam Group's food and agribusiness includes farming, processing and distribution operations.
DealStreetAsia

Unit of Singapore's Olam Group secures $1.98bn sustainability loan

19 banks are providing multitranche debt facility to Olam Food Ingredients

31 August 2022
Indonesian super app provider GoTo has recorded another net loss. (Source photos by courtesy of GoTo) 
Technology

Indonesia's GoTo racks up $955m loss in first half

Super app's revenue increases 32% even as profitability remains elusive

30 August 2022
Singaporean human resources startup Glints sees strong opportunities in the remote hiring of tech talent. (Photo courtesy of Glints)
Startups

Singapore's Glints gets $50m funding, to expand in Philippines

Japan's Persol-backed HR startup sees opportunities in remote hiring

30 August 2022
Indonesia's VKTR is gearing up to launch electric buses in 2023. (Source image from VKTR website)
30 August 2022
Some potential Nusantara investors are holding onto their money until Indonesian President Joko Widodo paints a "big picture" of what he envisions.
Asia Insight

Jokowi struggles to drum up investors for new Indonesia capital

As SoftBank withdraws, Japan Inc. takes wait-and-see approach to $30bn project

30 August 2022
Singapore’s Far East Hospitality Holdings has added a number of perks for guests who stay at its Adina Serviced Apartments. (Photo by Dylan Loh)
Travel & Leisure

ASEAN hotels roll out red carpet for 'revenge travel'

Hospitality companies from Thailand to Indonesia tout perks to draw tourists back

29 August 2022
Members of the popular girl group JKT48 perform in Jakarta in December 2021. (Photo by Dimas Ardiran)
Comment

Japan may change cultural strategy, learning from Indonesia's JKT48

Sister group of Japanese AKB48 has big hit with Korean pop-like music video

27 August 2022
Cosmetics companies from South Korea are seeking to make inroads in Indonesia, where their country's TV dramas and pop music already have legions of devoted followers. (Photo by Nana Shibata)
Consumer

South Korean 'K-Beauty' cosmetics brands see promise in Indonesia

Asian companies chase Western giants Unilever, P&G and L'Oreal in growing market

26 August 2022
Indonesia wants to capitalize on its huge nickel reserves as the world moves toward electric vehicles.
Commodities

Indonesia's high-carbon nickel key challenge in global EV uptake

Coal still powers China-led battery grade projects amid renewables plan

26 August 2022