Renting vehicles is common practice in Indonesia’s holiday destinations like Bali, where sightseeing is a main draw and mobility is necessary. However, one doesn’t often hear of folks renting cars in megacities like Jakarta, as most of the time they just hop into one of the many taxis swarming the streets. It could also be due to the fact that the chaotic streets are intimidating, and navigating the city is a daunting task if you’re fresh off the plane.

Police in Jakarta have launched an investigation into Uber after local taxi companies filed a complaint against the ride-hailing app in the latest regulatory battles to blight the company’s expansion plans in Asia. Five of Uber’s drivers in the country were detained last week, as local competitors questioned the legality of its operations.

Jakarta (ANTARA News) - The Indonesian Investment Coordinating Board (BKPM) revealed that between October 2014 and May 2015 period, Japan, South Korea, China, and Australia have expressed keen interest to invest in Indonesia's shipping sector. "Between October 2014 and May 2015, we have received five investment proposals from four countries: Japan, South Korea, China, and Australia, with a total investment amounting to US$9.34 billion," BKPM Head Franky Sibarani stated here on Wednesday.

Have Indonesia’s construction stocks lost their lustre? For the past two years, many of the country’s listed construction companies — often referred to as “the Karyas” or “the Works” — have soared on a seemingly endless bull run.

Investment Coordinating Board (BKPM) chairman Franky Sibarani has said the weakening of the rupiah, which has recently been above Rp 13,000 per US dollar, poses no significant problems for investors. “At meetings, we ask [investors] what they think about the rupiah exchange rate, which stands at around Rp 13,000 per dollar. They always say: ‘It’s not a problem’,” he said as quoted by Antara in Jakarta on Wednesday.

Indonesia hopes to bring billions of dollars in financial assets parked overseas back home - by pardoning past financial crimes. A Bill on tax amnesty is expected to be discussed in Parliament this year, said Finance Minister Bambang Brodjonegoro. "A tax amnesty should not be seen simply as pardoning those who have made mistakes. It is time for Indonesia to put an end to capital flight. We need to bring capital back into (Indonesia)," he told The Jakarta Post.