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An Indonesian court sentenced a former chief of state carrier Garuda Indonesia to five years in prison on Wednesday for corruption linked to procuring jets from planemaker Bombardier and turboprop maker ATR, his lawyer said.
For the first time in a decade, Southeast Asia has attracted more foreign direct investment (FDI) than China as investors shift faster towards building “China + 1” supply chains amid increasing manufacturing costs and rising tariffs that have reduced Beijing’s competitiveness.
JAKARTA - Indonesia raised the minimum legal age for purchasing cigarettes to 21 from 18, as part of a series of changes to health regulations intended to curb the deadly habit in a country with one of the world’s highest smoking rates.
Indonesia raised the minimum age limit for purchasing cigarettes to 21 from 18 as part of a series of changes to health regulations intended to curb the deadly habit in a country with one of the world’s highest smoking rates.
Prabowo has come to power by virtue of what is known as “Prabowonomics”. It is an economic philosophy that envisages a larger share of welfare programmes in the national economy. This will require broadening the tax base, which might be challenging in a developing economy.
Alldo Fellix Januardy is a managing partner at the Jakarta-based AVYA Law Firm, specializing in family enterprises and multigenerational family estates. He is also the co-founder of LogikaRasa, a Jakarta-based startup promoting Indonesian literature.
TOKYO -- The banking arm of the 7-Eleven chain's Japanese parent plans to add more convenience store ATMs in Southeast Asia as well as new features in markets where it expects cash machine usage to grow faster than in Japan or the U.S.