Corruption Eradication Commission searches Lippo boss James Riady’s house as part of Meikarta investigation

The KPK's investigation into alleged bribery related to the Lippo Group’s US$20 billion Meikarta property development has taken an even more worrying turn for the Indonesian conglomerate.

Business

Corruption Eradication Commission arrests 10 in connection to Meikarta licensing case, Lippo stock drops

Corruption Eradication Commission arrests 10 in connection to Meikarta licensing case, Lippo stock drops

Lippo Group's $20 billion mega-project was touted as the city of the future, but now its future is not so clear.

Grab criticized for asking for ‘mediation’ between customer and driver she reported for forcibly kissing her

Grab criticized for asking for ‘mediation’ between customer and driver she reported for forcibly kissing her

The ride-hailing service said "the driver partner was willing to meet with the passenger to give an explanation directly and we offered a mediation process between the two sides"...

Grab fires tens of thousands of drivers in Indonesia over fraudulent activities

Grab fires tens of thousands of drivers in Indonesia over fraudulent activities

Cheaters never prosper (at least the one who get caught).

Motorcycle taxi drivers demand gov’t shut down ride-hailing companies if they don’t improve work conditions

Motorcycle taxi drivers demand gov’t shut down ride-hailing companies if they don’t improve work conditions

These protests aren't likely to go away anytime soon.

Pertamina says it won’t raise fuel prices in the near future despite declining rupiah

Pertamina says it won’t raise fuel prices in the near future despite declining rupiah

There's no need to worry about rising fuel prices... for now.

‘Politicians shut up first’: VP nominee Sandiaga Uno on Indonesian currency crisis

‘Politicians shut up first’: VP nominee Sandiaga Uno on Indonesian currency crisis

"We ask that our politicians shut up first,” Sandiaga told reporters this morning (note: the “shut up” was in English). “For the next two weeks, do not (talk about the...

VP Jusuf Kalla urges public not to splash cash on Ferraris and Hermes bags due to sliding rupiah

VP Jusuf Kalla urges public not to splash cash on Ferraris and Hermes bags due to sliding rupiah

This is not the time to live ostentatiously.

Despite fare hikes by Go-Jek and Grab, drivers organization says Asian Games protest still on

Despite fare hikes by Go-Jek and Grab, drivers organization says Asian Games protest still on

Organizations representing the interests of motorcyclists who work as “partner drivers” for ride-hailing services Go-Jek and Grab have been threatening for weeks to stage a...

Online ojek organization say Asian Games opening strike still on despite Grab tariff hike

Online ojek organization say Asian Games opening strike still on despite Grab tariff hike

Regional ride-sharing giant Grab is an official partner of the Asian Games, which opens next week on August 18. However, there is a chance that a significant portion of Grab’s...


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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.