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View all search resultsThe stock market has seen a gradual recovery despite remaining vulnerable to foreign sell-offs amid global headwinds and lingering concerns over index provider MSCI’s upcoming review, with domestic investors increasingly in the driver’s seat.
The controversy began after a video went viral on social media showing a foreign national promoting a 5,400-square-meter plot of land on a hillside in Kintamani, Bangli regency, Bali, drawing scrutiny from the public over the legality of the transaction.
The case centers on PT Perusahaan Air Indonesia Amerika (PAIA), a foreign investment joint venture backed by investors from the United States, Singapore and Saudi Arabia, which alleged it had been unfairly treated by state-owned firm ITDC.
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