Go-Jek investing IDR7 trillion for Singapore, Vietnam, Thailand, Philippines expansion: reports

Indonesian ride-hailing firm Go-Jek is taking its rivalry with Singapore-based Grab to the regional stage after the former announced that it’s expanding to four Southeast Asia countries within the next few months.

Business

Stasiun Indomie Bundaran HI, maybe? Jakarta to auction off naming rights to new MRT stations

Stasiun Indomie Bundaran HI, maybe? Jakarta to auction off naming rights to new MRT stations

Stasiun Sampoerna Senayan seems much more likely though...

Trump Indonesia project latest stop on China’s Belt and Road

Trump Indonesia project latest stop on China’s Belt and Road

A billion-dollar Indonesian real estate development with ties to Donald Trump has become the latest project in China’s globe-spanning Belt and Road infrastructure project...

Premier Li says Chinese companies in Indonesia should prioritize hiring local workers during visit

Premier Li says Chinese companies in Indonesia should prioritize hiring local workers during visit

The political positioning for next year’s presidential election in Indonesia is already well underway and opponents of President Joko Widodo, such as his likely challenger...

Netizens ridicule logic behind celeb preacher’s ‘Muslims who buy from Starbucks will go to hell’ video

Netizens ridicule logic behind celeb preacher’s ‘Muslims who buy from Starbucks will go to hell’ video

Sure, tell that to all the pilgrims getting a latte at the Starbucks in Mecca.

Opponents attack Jokowi on high number of foreign workers (which make up less than 0.04% of population)

Opponents attack Jokowi on high number of foreign workers (which make up less than 0.04% of population)

"Out of 1,000 workers in Indonesia, 999 of them are our workers, and one is a foreigner, so it is very unlikely that those 999 Indonesians are afraid of being flooded by...

Go-Jek & Grab promise to raise pay-per-kilometer after protesting drivers get presidential intervention

Go-Jek & Grab promise to raise pay-per-kilometer after protesting drivers get presidential intervention

A lot of things in Jakarta move very slowly (thus the high demand for app-based transport services from companies like Go-Jek and Grab), but two things that can sometimes get...

Answering Prabowo, Jokowi says Indonesia will be one of the 10 strongest economies in the world by 2030

Answering Prabowo, Jokowi says Indonesia will be one of the 10 strongest economies in the world by 2030

"In the year 2030, more or less, we will have become one of the 7 to 10 strongest economies in the world," the president told the audience at the National Working Meeting of the...

Uber app will no longer work in SEA from April 8 onwards; Grab promises no fare hikes

Uber app will no longer work in SEA from April 8 onwards; Grab promises no fare hikes

Yeap, it’s official — Grab has won the long ride-hailing battle against Uber in Southeast Asia. The Singapore-based firm announced today it has bought its US rival’s...

Indonesian suspects ATM skimming after IDR39.5 million disappears from account, turns out wife withdrew it

Indonesian suspects ATM skimming after IDR39.5 million disappears from account, turns out wife withdrew it

Money is often at the center of many marital miscommunications, after all.


By signing up for our newsletters you agree with our Terms of Service and Privacy Policy

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.