Gov't Loosens Foreign Ownership Cap to Boost Local Insurance Industry

Under previous regulation, the government capped foreign ownership at 80 percent, undermining insurers' ability to expand. 

28 January 2020 | 07:46 PM


Alipay's Entry to Indonesia Delayed as Bank Indonesia Asks for Paperwork Revision

Indonesia will make up a lion's share of Southeast Asia's $1 trillion digital payment market in the next five years.

27 January 2020 | 10:55 PM


Grab Introduces Electric Fleet at Soekarno-Hatta Airport

Grab's fleet of 20 Hyundai Ioniq Electric cars are now available at Soekarno-Hatta International Airport's Terminal 3.

27 January 2020 | 04:41 PM


New Garuda Boss Says He Won't Look Back on Smuggling Scandal

Irfan said the Garuda management under his leadership would put safety and good services above anything else. 

25 January 2020 | 11:04 PM


Bank Indonesia Keeps Benchmark Rate, Says Worst Time Has Passed

The central bank now expects Indonesia's economic growth this year would pick up to between 5.1 percent and 5.5 percent.

23 January 2020 | 08:44 PM


Indonesia, Southeast Asia Enter Golden Age of Economy: HSBC

Despite forecast of slow global economic growth in 2020, Southeast Asia, including Indonesia, is expected to enter an economic golden age.

23 January 2020 | 12:00 AM


KoinWorks Signs Deal With Ministry, Focuses on SME Lending

KoinWorks is set to partner with the Cooperatives and Small and Medium Enterprises Ministry to offer loans for small businesses.

22 January 2020 | 08:13 PM


Irfan Setiaputra Named Chief Executive as Garuda Seeks to Refurbish Image

Garuda Indonesia seeks to improve governance and financial performance following a string of scandals under previous management.

22 January 2020 | 05:23 PM


Gov't Considers Fare Raises for Grab, Gojek to Help Drivers Cope With Rising Living Costs

Costs of insurance, tax and fuel are set to rise this year as a wave of new drivers join the gig economy.

21 January 2020 | 09:53 PM


Meikarta Introduces New Management and New Logo as Development Picks Up Pace

Customers will begin receiving their apartment units in the $20 billion consumer-centric property development this year.

21 January 2020 | 06:34 PM