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1 week ago | 
bloomberg.com | Chandra G. Asmara
Morning commuters exit a train station in Jakarta, Indonesia, on Tuesday, Aug. 22, 2023. Jakarta, the city that's home to more than 10 million people, has suffered air pollution at unhealthy levels in the past few weeks, with IQAir recently ranking it as the worlds most polluted city.
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1 week ago | 
bloomberg.com | Serene Cheong |Chandra G. Asmara |Nicholas Lua
Motorists and cars queue at a PT Pertamina gas station in Jakarta, Indonesia, on Saturday, Dec. 7, 2024. Budget pressures are forcing governments across Southeast Asia to rethink fuel subsidies, risking political backlash and another inflation blow to their economies. Photographer: Dimas Ardian/Bloomberg(Bloomberg) -- Indonesian investigators have invited Singapore-based oil traders to meet in the city-state next week as part of a $12 billion corruption probe into state-owned oil firm PT Pertamina.
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1 week ago | 
bloomberg.com | Chandra G. Asmara |Samy Adghirni
Pro-Palestinian protesters during a solidarity demonstration for Palestinian people in Bandung, West Java, Indonesia. Photographer: Dimas Rachmatsyah/AFP/Getty Images(Bloomberg) -- Indonesia is ready to open diplomatic ties with Israel if it recognizes Palestinian statehood, President Prabowo Subianto said, indicating a shift in policy for the world’s most-populous Muslim-majority nation. The comments advance what the Indonesian leader has said on the topic.
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1 week ago | 
financialpost.com | Chandra G. Asmara
Advertisement 1Indonesia’s President Prabowo Subianto and France’s President Emmanuel Macron are poised to sign a letter of intent to strengthen a defense partnership that has already led to the Southeast Asian nation purchasing billions of dollars’ worth of French weaponry.
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1 week ago | 
bloomberg.com | Chandra G. Asmara
Emmanuel Macron and Prabowo Subianto in Jakarta on May 28. (Bloomberg) -- Indonesia’s President Prabowo Subianto and France’s President Emmanuel Macron are poised to sign a letter of intent to strengthen a defense partnership that has already led to the Southeast Asian nation purchasing billions of dollars’ worth of French weaponry. The pact will be signed during bilateral talks Wednesday in Jakarta, Indonesian Defense Minister Sjafrie Sjamsoeddin told reporters.
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1 week ago | 
bloomberg.com | Chandra G. Asmara |Prima Wirayani
Prabowo Subianto and Li Qiang in Jakarta on May 25. (Bloomberg) -- China and Indonesia agreed to step up ties between their economies during Premier Li Qiang’s visit to Jakarta, including one on investment involving their sovereign wealth funds. Both their central banks signed a MOU on a framework for bilateral transactions in local currencies during a ceremony witnessed by Li and President Prabowo Subianto on Sunday.
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1 week ago | 
flipboard.com | Chandra G. Asmara |Prima Wirayani
Funding terror: how west Africa’s deadly jihadists get the money they need to surviveThe west Africa–Sahel region has seen a proliferation of militant Islamist groups since the 1990s. One of the most vicious groups operating in the …
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2 weeks ago | 
news.bloomberglaw.com | Chandra G. Asmara |Olivia Poh
Grab Holdings Ltd. and GoTo Group were among ride-hailing and delivery services targeted by driver protests on Tuesday in Indonesia, with thousands gathering to demand better compensation and other terms. The demonstrations come at a delicate time for the Southeast Asian internet leaders, as Singapore-based Grab has been negotiating to buy its Indonesian rival for more than $7 billion.
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2 weeks ago | 
news.bloombergtax.com | Chandra G. Asmara |Olivia Poh
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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2 weeks ago | 
bloomberg.com | Chandra G. Asmara
The building housing sovereign wealth fund Daya Anagata Nusantara in Jakarta. (Bloomberg) -- Indonesia’s sovereign wealth fund Daya Anagata Nusantara is reviewing the operations of more than 800 state companies and subsidiaries as part of a sweeping overhaul that would likely involve mergers and closures. “State-owned enterprises have built their own mini-conglomerates,” Dony Oskaria, chief operating officer of Danantara, as the fund is known, said in a forum on Tuesday.
