Tag
Indonesia
24 articles
GoTo Stock Collapses to Record Low as Indonesia Exchange Removes Trading Floor
The Indonesian ride-hailing and e-commerce giant's shares fell 14 percent after regulators lowered minimum trading price, extending a 90 percent decline from 2022 IPO levels
Indonesia Quake Survivors Face Prolonged Displacement
Six weeks after a 7.7-magnitude earthquake, nearly 28,000 people remain displaced across Flores island, struggling with housing, water shortages and lost livelihoods.
Indonesia Quake Survivors Face Trauma, Displacement Six Weeks On
Nearly 28,000 people remain displaced across Flores region, struggling with damaged homes, water shortages and lost income over a month after a 7.7-magnitude earthquake.
Indonesia Opens 480 Free-Meal Kitchens Despite Budget Cuts
The National Nutrition Agency will launch facilities across remote regions in October as the free-meals program faces corruption allegations and food-safety concerns.
Death Toll Rises to 66 in Indonesian Ferry Capsizing
Divers face leaking fuel and unstable debris as they search for 69 missing passengers 16 days after the Virgo Transport 8 capsized in the Java Sea.
Indonesia Backs Palestinian State, Seeks UN Security Council Seat
Indonesian Foreign Minister Sugiono told the UN General Assembly that Palestine is a test of global conscience and announced Indonesia's bid for a 2029-2030 Security Council seat.
Indonesian Groups Sue Prabowo Over Forest Fire Response
A coalition of indigenous and civil-society organizations in West Kalimantan filed a class-action lawsuit against President Prabowo Subianto, alleging government negligence in tackling recurrent blazes.
Prabowo Reverses on Central Bank, Commodity Controls—Market Reprices Indonesia Risk
Indonesian President Prabowo Subianto's budget address abandoned threats to central bank independence and state commodity monopolies, prompting a stock rebound and yield compression.
Indonesian Rescuers Search for 140 Missing After Passenger Ship Vanishes
The Virgo Transport 8, carrying 243 people, lost contact early Sept. 13 during a voyage from Surabaya to Banjarmasin; 103 were evacuated and one died.
Indonesia's Wildfires Emit Record Carbon, Surpass Russia
Forest and peatland fires across Borneo and Sumatra released 19.7 million metric tons of carbon dioxide in a single week, the highest global emissions from any country.
Anak Krakatau Eruption Closes Eight Indonesian Airports, Strands 170,000
Volcanic ash from Mount Anak Krakatau forced the closure of Jakarta's main airport and seven others on Sunday, canceling 1,558 flights.
Indonesia's Peatland Fires Release Ancient Carbon as Haze Spreads
Thousands of active fire hotspots are burning through tropical peatlands in Borneo, releasing carbon dioxide and creating the region's worst air crisis in over a decade.
Indonesia Deploys Cloud Seeding and Water Bombing as Wildfire Haze Spreads
Officials report 13,500 respiratory cases since July as wildfires burn across Borneo and Sumatra, with more than five million people exposed to toxic smoke.
Indonesia's Top Court Voids Law Criminalising Government Insults
A nine-judge panel struck down penal code articles carrying up to three years in prison, but activists warn separate defamation laws remain in force
SBI's $270M Ajaib Stake Reveals Yen Stablecoin Distribution Strategy in Southeast Asia
Japanese financial giant acquires 20 percent of Indonesian investment platform to distribute JPYSC stablecoin and deepen regional digital asset footprint.
SBI Holdings Deploys $270M in Ajaib to Establish Yen Stablecoin Foothold in Southeast Asia
The 20 percent stake in Indonesia's retail investment platform gives SBI direct distribution access for JPYSC across millions of users and a multi-asset trading infrastructure.
Flores Earthquake Kills 54, Leaves Thousands Without Aid on Independence Day
A magnitude 7.7 quake struck eastern Indonesia's Flores Island, killing at least 54 people and injuring 135 as 5,000 displaced residents waited for help.
MSCI Drops GoTo Group, Trapping Passive Funds in Indonesia's Illiquid Market
GoTo, once valued at more than $32 billion, spent three months pinned at its exchange minimum of 50 rupiah before MSCI ejected it from its indices.
Indonesia 10-Year Yield Hits 7.45% as BI Eyes 25-50 Basis Points of Hikes
The benchmark yield jumped 10 basis points to its highest level since 2022, with Bank Indonesia expected to tighten further next week to arrest rupiah weakness.
Indonesia Deploys Aircraft, Hundreds of Personnel as Haze Spreads Across Region
Authorities deployed cloud-seeding aircraft and hundreds of personnel to six priority provinces after fires burned more than 107,000 hectares this year.
Indonesian JCI Rally Driven by Fiscal Discipline, Rate Stability
The Jakarta Composite Index rose 20 percent from its early-June low, driven by central bank rate actions and government fiscal discipline, yet foreign investors remain net sellers, signaling caution.
JBS Locks In $2.5 Billion Indonesia Deal for Asia Push as Nigeria Plans Draw Fire
JBS NV's joint venture with Danantara Investment Management targets protein markets in Southeast Asia, Australia and New Zealand, while a separate $2.5 billion Nigeria plan faces civil society opposition and threatened legal action.
Indonesia's Conflicting Nickel Quota Shows Drive Price Swings, Complicate Supply Outlook
Official denials of broad 2026 quota increases clashed with earlier expansion reports, whipsawing spot nickel prices and leaving traders without a clear read on Jakarta's production strategy.
Indonesia's JCI Nears Bull Market as Fitch Affirms BBB Rating
The Jakarta Composite Index rose 1.7 percent, pushing its year-to-date gain to 19.5 percent, as Fitch maintained Indonesia's investment-grade sovereign credit rating with a stable outlook.