Freeport warns of arbitration as Indonesia mining dispute escalates

By Fergus Jensen and Wilda Asmarini JAKARTA (Reuters) - US mining giant Freeport-McMoRan Inc (FCXN) warned on Monday it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world's second-biggest copper mine In an escalation of the dispute, Freeport Chief Executive Richard Adkerson also said the company's local unit had made its first...

Business

Uber rival Grab to buy Indonesian online payment startup for over $100 million: source

By Eveline Danubrata Grab is likely to announce a deal to buy Indonesian online payment startup Kudo for over $100 million, a source close to the matter said, in a move that...

Uber rival Grab to buy Indonesian online payment startup for over $100 million: source

Indonesia will have the fourth most powerful economy in the world by 2050: PwC report     

Indonesia has come a long way since the despair of the 1998 Asian financial that left the country’s economy in shambles But despite how much progress it’s made and its...

Indonesia will have the fourth most powerful economy in the world by 2050: PwC report     

Ride-hailing company Grab grabs former National Police Chief Badrodin Haiti for senior position

One of the biggest business rivalries in Indonesia recently has been the battle between ride-hailing tech companies Go-Jek, Uber and Grab Not only have the three been in fierce...

Ride-hailing company Grab grabs former National Police Chief Badrodin Haiti for senior position

HSBC funding Indonesian forest destruction: Greenpeace

Greenpeace on Tuesday accused banking giant HSBC of helping to arrange billions of dollars in financing for companies whose palm oil operations have been blamed for destroying...

HSBC funding Indonesian forest destruction: Greenpeace

 Minister Luhut defends Jokowi’s push to put more ‘bules’ in charge of state-owned enterprises

President Joko Widodo created some controversy last week when he said that he wanted to put foreigners in charge of some of Indonesia’s state-owned enterprises, stating, "I even...

 Minister Luhut defends Jokowi’s push to put more ‘bules’ in charge of state-owned enterprises

Government planning to let foreigners name and manage uninhabited Indonesian islands to boost economy

According to the Indonesian government, the archipelago is made up of 17,508 islands in total, of which about 6,000 are inhabited Obviously, that means there are thousands of...

Government planning to let foreigners name and manage uninhabited Indonesian islands to boost economy

Indian company Bajaj launches Rp 65 million ‘Qute’ in Indonesia

You are probably familiar with bajaj as the name of the iconic three-wheeled orange smoke-belching vehicles (although the new blue ones that run on LPG are slowly replacing them)...

Indian company Bajaj launches Rp 65 million ‘Qute’ in Indonesia

President Jokowi says he wants to put foreigners in charge of some of Indonesia’s state-owned enterprises

While many Indonesians are paranoid about foreign workers coming to Indonesia and stealing work, President Joko Widodo has said he wants to put foreign workers in charge of some...

President Jokowi says he wants to put foreigners in charge of some of Indonesia’s state-owned enterprises

Masters of Mie: Consumer study finds Indomie is the #8 most purchased brand in the world

Indonesians love instant noodles (we ate 132 billion packets of them in 2015, which averages out to about 53 per Indonesian per year!) and by far the most beloved brand of instant...

Masters of Mie: Consumer study finds Indomie is the #8 most purchased brand in the world

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.