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Society 1 year ago
PREMIUM
Golden visa only for ‘good quality travelers’, says Jokowi
The long-term visa scheme, called the golden visa, is only meant for “good quality travelers”, said President Joko “Jokowi” Widodo during the policy’s launch on Thursday, as he warned against allowing newcomers who bring no benefits or might pose a threat to national security.
Politics 1 year ago
PREMIUM
Jokowi flies to UAE for another Nusantara sales pitch
President Joko “Jokowi” Widodo flew to the United Arab Emirates on Tuesday in yet another attempt to persuade investors to put their money into Nusantara, as the outgoing leader’s administration races to complete the capital relocation project amid lingering doubts.
Politics 1 year ago
PREMIUM
Jokowi under fire for granting nearly 200-year land permits in Nusantara
A presidential regulation allowing investors to hold nearly 200-year land permits in the country’s future capital has drawn widespread criticism, with many describing President Joko “Jokowi” Widodo’s regulation as short-sighted and designed simply for the sake of seeing through his megaproject.
Opinion 2 years ago
PREMIUM
Analysis: Waskita Karya defaults on bond payments, investors dump holdings
Indebted state-owned publicly-listed construction company PT Waskita Karya Tbk (WSKT) has caused jitters on the stock market after defaulting on Rp 941.75 billion (US$60.38 million) worth of bonds. The State-Owned Enterprises Ministry scrambled to save Waskita by forcing state banks to agree to the company’s 10-year restructuring plan, but private bondholders rebuffed the plan. Waskita’s fate is now uncertain.
