Business Standard

Page 2 - Indonesia

Indonesia's Prez wants key buildings in new capital ready in 4 years

Raja Juli, however, said further there should be no questions of Prabowo's commitment to continue his predecessor's legacy project, as he has already guaranteed he would complete it

Indonesia's Prez wants key buildings in new capital ready in 4 years
Updated On : 28 Oct 2024 | 1:03 PM IST

Unilever to revamp Indonesia operations amid revenue drop, boycotts

The company's CEO Hein Schumacher acknowledged "long standing issues" in the country. He said Unilever was "making in Q3 and Q4 a significant intervention in Indonesia that is not going to yield

Unilever to revamp Indonesia operations amid revenue drop, boycotts
Updated On : 24 Oct 2024 | 4:05 PM IST

Indonesia says its coast guard drove away Chinese ship in disputed waters

Indonesian patrol ships drove a Chinese coast guard vessel away from a survey vessel in a disputed area of the South China Sea for the second time in four days, Indonesian authorities said Thursday. Indonesia's Maritime Security Agency said the Chinese ship twice approached the MV Geo Coral, interrupting a seismic data survey being conducted by the state energy company PT Pertamina in a part of the South China Sea claimed by both countries. China's nine-dash line, which it uses to roughly demarcate its claim to most of the South China Sea, overlaps with a section of Indonesia's exclusive economic zone that extends from the Natuna Islands. A 2016 international arbitration ruling involving the Philippines invalidated most of China's sweeping claims in the sea, but China has ignored the ruling and called it a sham. Chinese ships have regularly entered the area Indonesia calls the North Natuna Sea, fueling tensions between the countries. Indonesian authorities said the Chinese coast gu

Indonesia says its coast guard drove away Chinese ship in disputed waters
Updated On : 24 Oct 2024 | 1:16 PM IST

Indian origin supplies permitted in Indonesia's 340,000 MT rice tender

Traders said an initial announcement from Bulog said the rice could be sourced only from Thailand, Cambodia, Vietnam or Pakistan

Indian origin supplies permitted in Indonesia's 340,000 MT rice tender
Updated On : 22 Oct 2024 | 7:28 PM IST

Now, Indians, 96 others can get Indonesia e-Visa on Arrival via VFS Global

The e-Visa on Arrival service will allow travellers to apply for their visa online, reducing time spent at the airport

Now, Indians, 96 others can get Indonesia e-Visa on Arrival via VFS Global
Updated On : 22 Oct 2024 | 7:13 PM IST

Indonesian prez Prabowo plans new state investment firm like Temasek

The structure of the agency is being discussed with other authorities, but the goal is for it to operate like Singapore's Temasek as a state-owned investment firm, said Hadad, who has also served

Indonesian prez Prabowo plans new state investment firm like Temasek
Updated On : 22 Oct 2024 | 1:19 PM IST

Prabowo Subianto sworn in as Indonesia's eighth President amid celebration

Prabowo Subianto was inaugurated Sunday as the eighth president of the world's most populous Muslim-majority nation, completing his journey from an ex-general accused of rights abuses during the dark days of Indonesia's military dictatorship to the presidential palace. The former defence minister, who turned 73 on Thursday, was cheered through the streets by thousands of waving supporters after taking his oath on the Quran, the Muslim holy book, in front of lawmakers and foreign dignitaries. Banners and billboards to welcome the new president filled the streets of the capital, Jakarta, where tens of thousands gathered for festivities including speeches and musical performances along the city's major throughfare. Subianto was a longtime rival of the immensely popular President Joko Widodo, who ran against him for the presidency twice and refused to accept his defeat on both occasions, in 2014 and 2019. But Widodo appointed Subianto as defence chief after his reelection, paving the w

Prabowo Subianto sworn in as Indonesia's eighth President amid celebration
Updated On : 20 Oct 2024 | 1:21 PM IST

Planning a Bali trip? Breaking visa rules could lead to 20 years in prison

To enforce the new visa regulations, the Indonesian Department of Immigration has launched "Operation Jagratara"

Planning a Bali trip? Breaking visa rules could lead to 20 years in prison
Updated On : 15 Oct 2024 | 12:48 PM IST

Indonesia plans to grant 1,000 golden visas: Have money? You could qualify

The Indonesian government is on a mission to grant 1,000 golden visas by the end of this year

Indonesia plans to grant 1,000 golden visas: Have money? You could qualify
Updated On : 09 Oct 2024 | 12:47 PM IST

Palm oil loses position as world's cheapest edible oil as output shrinks

Key users such as cookie makers, restaurants and hotels in India are unlikely to look for substitutes immediately, even as some household consumption of palm oil may shift to its rivals

Palm oil loses position as world's cheapest edible oil as output shrinks
Updated On : 26 Sep 2024 | 11:20 AM IST

India palm oil output to triple in 6 years as farmers plant more: Agrovet

India currently imports around 16 million tons of vegetable oils per annum, including 9 to 10 million tons of palm oil, mainly from Indonesia, Malaysia and Thailand

India palm oil output to triple in 6 years as farmers plant more: Agrovet
Updated On : 20 Sep 2024 | 11:50 AM IST

Bali's hotel ban: A long overdue step to address overcrowding, environment

Authorities need to come up with a solution to mange the rampant overdevelopment that's become Bali's hallmark

Bali's hotel ban: A long overdue step to address overcrowding, environment
Updated On : 16 Sep 2024 | 7:14 AM IST

Bali imposes construction freeze to tackle overtourism, protect environment

Bali reportedly deported 340 foreign nationals last year for violations, including illegal activities and inappropriate behaviour

Bali imposes construction freeze to tackle overtourism, protect environment
Updated On : 13 Sep 2024 | 2:55 PM IST

Indonesia halts new hotel, villas construction in Bali: Here's why

"The construction of new hotels, villas, and nightclubs would be paused," Indonesian authorities said

Indonesia halts new hotel, villas construction in Bali: Here's why
Updated On : 13 Sep 2024 | 10:14 AM IST

DBS may tap Goldman Sachs to help find insurance partner in India, Taiwan

The Singapore-based lender is working with Goldman Sachs Group Inc. as an adviser on potential ban assurance agreements for those markets

DBS may tap Goldman Sachs to help find insurance partner in India, Taiwan
Updated On : 10 Sep 2024 | 11:30 AM IST

Pope Francis arrives in Indonesia, kicks off ambitious Asia-Pacific tour

Pope Francis is expected to continue voicing appeals to confront the dangers of a warming globe

Pope Francis arrives in Indonesia, kicks off ambitious Asia-Pacific tour
Updated On : 03 Sep 2024 | 2:10 PM IST

Indonesia expects to sign $3.5 bn business deals at 2nd Africa forum

"The partnership between Indonesia and Africa so far has significantly increased trade volumes and trade agreements," President Joko Widodo said during his opening speech for the forum on Monday

Indonesia expects to sign $3.5 bn business deals at 2nd Africa forum
Updated On : 02 Sep 2024 | 10:04 AM IST

Indian woman falls into sinkhole in Kuala Lumpur, video goes viral

Indian national Vijaya Lakshmi Gali was on her Malaysia trip of two months with her husband and several friends; they were supposed to return on Saturday

Indian woman falls into sinkhole in Kuala Lumpur, video goes viral
Updated On : 28 Aug 2024 | 5:49 PM IST

Politics becoming family biz in Southeast Asia despite large democracies

Tapping into family lore helps with this generation's allure for voters. The child of a formidable political force has been elevated in Thailand, too

Politics becoming family biz in Southeast Asia despite large democracies
Updated On : 27 Aug 2024 | 8:48 AM IST

Indonesia seeks ways to balance local industries with high Chinese imports

A flood of Chinese products into Indonesia has hit local manufacturers hard, prompting the government to look for ways to placate domestic producers while avoiding angering the country's biggest trading partner. Garment makers both home-based piece work producers and factories have appealed for help as they lose market share to low-cost apparel and textiles from China. A surge of products bought online has added to the problem. A protest by workers in Jakarta prompted Indonesian Minister of Trade Zulkifli Hasan to announce in July that the government will impose import tariffs of up to 200% on some products from China, particularly textiles, clothing, footwear, electronics, ceramics and cosmetics, to try to protect local businesses and prevent layoffs. The United States can impose a 200% tariff on imported ceramics or clothes, so we can do it as well," Zulkifli said, to ensure micro, small, and medium-sized enterprises and industries survive and thrive. But China is Indonesia's .

Indonesia seeks ways to balance local industries with high Chinese imports
Updated On : 21 Aug 2024 | 12:13 PM IST