Agustinus Beo Da Costa
The move will give the airlines a majority share of the fast-growing domestic aviation market.
The summons of one of the country’s most powerful executives follows the arrests this month of nine people in connection with the investigation involving a $21 billion construction project.
The nation’s Corruption Eradication Commission conducted a search on 10 locations on Wednesday including Lippo deputy chairman James Riady’s home and the house of a senior executive who was arrested.
Last month, Bank Indonesia issued a regulation banning the use of cryptocurrencies by fintech companies involved in payment systems and said it is examining whether there’s a need to regulate trading on virtual currency exchanges.
Move aimed at ensuring comparable pricing with conventional transport providers.
Freeport-McMoRan Inc should significantly increase the amount it pays in royalty payments to the Indonesian government if it wants to extend a contract to operate one of the world’s biggest copper mines, a cabinet minister said on Tuesday. The U.S. firm last week said it received assurances from Indonesian mining… Read more »