Grab accused of alleged unfair business practices favoring affiliated drivers in Indonesia

Those who have hailed a GrabCar recently may have engaged in small talk with the driver with the topic of conversation being that the ride-hailing company is making it easier for some drivers to get orders compared to others.

Business

‘Nongkrong’ must-have: LINE launches feature to scan and split restaurant bill in Indonesia

‘Nongkrong’ must-have: LINE launches feature to scan and split restaurant bill in Indonesia

Instant messaging app LINE is making splitting the restaurant/cafe bill during your next nongkrong (hangout) sesh with friends a little less awkward by launching the aptly named...

Transport Ministry to ground Sriwijaya Air if carrier doesn’t stabilize internal turbulence by tomorrow

Transport Ministry to ground Sriwijaya Air if carrier doesn’t stabilize internal turbulence by tomorrow

Embattled Indonesian low-cost carrier Sriwijaya Air may have its operations ceased by the Transport Ministry as early as midnight tomorrow.

Who’s really king? Super apps Go-Jek and Grab both claim to be market leaders in Indonesia

Who’s really king? Super apps Go-Jek and Grab both claim to be market leaders in Indonesia

Indonesia’s Go-Jek and Singapore’s Grab are two super-apps that have become essential in bringing convenience to the lives of Indonesians everyday, from providing on-demand...

‘We’re not foreign stooges’: President Jokowi asks Indonesians to be more accepting towards foreign workers

‘We’re not foreign stooges’: President Jokowi asks Indonesians to be more accepting towards foreign workers

President Joko Widodo — who has long faced accusations that he and his government are puppets serving the interests of foreign countries and corporations — today spoke about...

From startup to ‘grown up’: Indonesian e-commerce giant Bukalapak says it’s maximizing efficiency amid reports of layoffs

From startup to ‘grown up’: Indonesian e-commerce giant Bukalapak says it’s maximizing efficiency amid reports of layoffs

Bukalapak, one of Indonesia’s four startup unicorns, has been widely reported in recent days to be conducting mass layoffs, though the company says that it doesn’t serve as...

Indonesia nickel-ore export U-turn throws up investor red flag: analysts

Indonesia nickel-ore export U-turn throws up investor red flag: analysts

Indonesia's surprise plan to roll out a nickel-ore export ban two years early could scare foreign investors away from Southeast Asia's biggest economy, analysts say, as it cements...

Government to raise tobacco excise tax by at least 10% in 2020

Government to raise tobacco excise tax by at least 10% in 2020

Indonesia’s notoriously low cigarette prices may soon be on the rise as the government is set to significantly increase the tobacco excise tax next year.

WhatsApp Pay reportedly coming to Indonesia to facilitate cheap money transfers between banks

WhatsApp Pay reportedly coming to Indonesia to facilitate cheap money transfers between banks

Popular instant messaging app WhatsApp is said to be bringing its own e-payment feature to Indonesia, though reports coming from the country suggest that its functions may be...

Indonesia sets new e-payment record in July with IDR12.93 trillion in transactions

Indonesia sets new e-payment record in July with IDR12.93 trillion in transactions

It looks like all those aggressive cashback promos by local e-payment services are continuing to convince more and more Indonesians to ditch cash for digital payments, as...


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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.