Janeman Latul –

Low cash, slowing sales: double whammy for Indonesia’s retailers

August 24, 2021 at 2:54 p.m.

JAKARTA (Reuters) - As Indonesia's economy boomed in recent years, its retailers had a simple formula: open more stores. And more. And more. Minnows became leviathans. That strategy is now...

StanChart’s Sands says Muddy Waters’ debt bet misplaced

August 24, 2021 at 10:24 a.m.

JAKARTA (Reuters) - Standard Chartered PLC's chief executive Peter Sands denied U.S. activist investor Muddy Waters' claim that the bank has taken on too much risk, saying its loan book...

In Indonesia, soccer is kicked around by political parties

August 24, 2021 at 10:25 a.m.

JAKARTA (Reuters) - As monsoon rains swept the stadium, the chanting grew louder. "Indonesia! Indonesia!" More than 60,000 people packed into Gelora Bung Karno Stadium in Jakarta on a recent...

In Indonesia, soccer is kicked around by political parties

May 13, 2019 at 11:46 p.m.

JAKARTA (Reuters) - As monsoon rains swept the stadium, the chanting grew louder. "Indonesia! Indonesia!" More than 60,000 people packed into Gelora Bung Karno Stadium in Jakarta on a recent...

Analysis: Indonesia may shoot own-goal with DBS-Danamon decision

August 24, 2021 at 9:10 a.m.

SINGAPORE/JAKARTA (Reuters) - Indonesia is expected within days to give a green light to its biggest foreign bank takeover, but sources say the deal conditions are likely to send a...

Indonesia should ban all private cars from using subsidized fuel: adviser

August 24, 2021 at 1:43 a.m.

TANJUNG BENOA, Indonesia (Reuters) - Indonesia should slap a nationwide ban on the use of subsidized fuel by the country's 11 million private cars, a move that would save the...

Exclusive: Indonesia’s CT Corp proposes all-cash deal for Bakrie’s media unit

August 24, 2021 at 1:42 a.m.

TANJUNG BENOA, Indonesia (Reuters) - CT Corp, one of Indonesia's emerging conglomerates, has proposed an all-cash deal for a controlling stake in media firm PT Visi Media Asia , valued...

BNI looks to sell up to 40 percent of life insurance unit

August 24, 2021 at 1:32 a.m.

JAKARTA (Reuters) - PT Bank Negara Indonesia plans to sell up to 40 percent of its life insurance unit, its top official said on Tuesday, as the country's fourth largest...

Reformer’s drive to change Indonesia state firms hits roadblocks

August 23, 2021 at 11:45 p.m.

JAKARTA (Reuters) - On an overcast Saturday in early January, the man in charge of modernizing Indonesia's state companies suddenly lost control of his prototype electric sports car and ploughed...

Reformer’s drive to change Indonesia state firms hits roadblocks

June 23, 2019 at 11:54 a.m.

JAKARTA (Reuters) - On an overcast Saturday in early January, the man in charge of modernizing Indonesia's state companies suddenly lost control of his prototype electric sports car and ploughed...

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