Police seize UK-made Brompton folding bikes for not adhering to Indonesian quality control

Bromptons have got a pretty bad rep in Indonesia ever since the disgraced former boss of flag carrier Garuda Indonesia smuggled a couple of the premium folding bikes into the country to avoid paying import taxes on them.

Business

Where he went Salah: TVRI director fired for ‘violating national identity’ by acquiring Premier League broadcast rights

Where he went Salah: TVRI director fired for ‘violating national identity’ by acquiring Premier League broadcast rights

The supervisory board of state-owned television network TVRI said that its former president director, Helmy Yahya, was sacked for his decision to broadcast the English Premier...

Garuda Indonesia appoints new boss in shake up amid prostitution and smuggling scandals

Garuda Indonesia appoints new boss in shake up amid prostitution and smuggling scandals

Irfan Setiaputra has been appointed as the new president director of beleaguered flag carrier Garuda Indonesia at an extraordinary general meeting with shareholders today.

Government blocks illegal movie streaming site IndoXXI, mirrors inevitably appear

Government blocks illegal movie streaming site IndoXXI, mirrors inevitably appear

In the latest of what would eventually prove to be a futile attempt at policing the internet, the Indonesian government has blocked access to arguably one of the most popular...

Tesla Cybertruck infamous for breakable ‘armor glass’ coming to Indonesia in 2022: dealer

Tesla Cybertruck infamous for breakable ‘armor glass’ coming to Indonesia in 2022: dealer

Oh my f—ing God, the Tesla Cybertruck, arguably the hottest automobile in the world right now (for better or worse), is coming to Indonesia in 2022.

Garuda Indonesia boss faces dismissal after audit showed he bought smuggled Harley Davidson parts and Brompton bikes

Garuda Indonesia boss faces dismissal after audit showed he bought smuggled Harley Davidson parts and Brompton bikes

Flag carrier Garuda Indonesia president director I Gusti Ngurah Ashkara Danadiputra, popularly known as Ari Ashkara, is set to be relieved of his duties, as announced by...

Senior minister Luhut Pandjaitan confident rupiah will strengthen to below IDR10K per US dollar within 3 years

Senior minister Luhut Pandjaitan confident rupiah will strengthen to below IDR10K per US dollar within 3 years

Indonesia’s Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan, one of the most senior figures in President Joko Widodo’s cabinet, says he’s optimistic...

Authorities find Harley Davidson parts, Brompton folding bikes allegedly smuggled in new Garuda Indonesia jet

Authorities find Harley Davidson parts, Brompton folding bikes allegedly smuggled in new Garuda Indonesia jet

Luxury shoppers of the thrifty kind are quite common in Indonesia, where we often hear about people smuggling luxury goods to escape high import taxes.

Jakarta ex-governor Ahok tapped for job at state energy firm Pertamina: reports

Jakarta ex-governor Ahok tapped for job at state energy firm Pertamina: reports

Jakarta's ex-governor, who was jailed for nearly two years on controversial blasphemy charges, was tapped Friday to oversee executives at Indonesian energy firm Pertamina, media...

DANA strikes e-payment deal with Blue Bird taxi, eyes KRL and motorcycle taxis

DANA strikes e-payment deal with Blue Bird taxi, eyes KRL and motorcycle taxis

Indonesian digital wallet DANA has scored an important business partner in Blue Bird, one of Indonesia’s largest taxi companies, in its bid to be among the top players in the...


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Coconuts Jakarta Business

There’s a popular statistic among Indonesians - although its origin is unknown, hence its validity is questionable - that around 60 percent of Indonesia’s money flows through the main business strip of Jalan Sudirman to Jalan MH Thamrin in Jakarta. Whether it’s true or false, it’s certainly the most centralized business district in Indonesia, consisting of many of the world’s leading financial institutions like banks and insurance companies. This is partly the reason why Jakarta keeps on attracting outsiders - either Indonesians or expatriates - to look for jobs or for investment opportunities in Indonesia’s capital city. Indonesia’s not that bad a place to invest in either, as it’s one of the few countries in the world that has experienced a steady economic growth in recent years despite scares of global economic meltdown.

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