Search Results for:Agustinus Beo Da Costa

Garuda Indonesia to take over operations of rival Sriwijaya Group

The move will give the airlines a majority share of the fast-growing domestic aviation market.


Indonesia summons Lippo’s James Riady to assist in bribery probe

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.


Bribery probe throws Lippo Group’s massive SE Asia project into limbo

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.


Indonesia’s central bank issues fresh warning over cryptocurrencies

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.


Indonesia: Ride-hailing apps stand to lose pricing advantage as govt imposes new tariffs

Move aimed at ensuring comparable pricing with conventional transport providers.


Indonesia wants more royalties from Freeport for longer contract

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 »