Indonesian Political, Business & Finance News

Archive: 12 July 2015

3 articles found

Indonesia’s flip-flop policies

Indonesian politicians have done it again: flip-flopping on their policies, something that Malaysian corporations with investments in industries there, such as banking and plantations, have had to deal with before. This time, it is with regards to the airline industry, where a stern rule was declared by ministry officials only recently requiring all airlines operating there to beef up their shareholders’ funds to move them into positive territory from negative.

Are the Balinese Being Marginalized?

In a front page report published in the Bali Post on domination of the Island’s tourism business by non-Balinese and titled “Bali is Left the Task of Protecting Culture,” saw prominent members of the local community voice their concerns and disappointment with the current state how Bali is governed. A free translation of that article follows.

A nightmare in paradise

Many Australians, thinking they had circumvented Indonesia's ban on foreigners owning freehold land, have signed illegal nominee deals. The story sounds Kafkaesque. Susi Johnston has lost everything; her beloved husband, their $3 million Bali home, the peaceful retirement she had planned. Johnston, and her late husband, Bruno Piazza, had poured their dreams and life savings into a spectacular modernist villa near the coastal village of Canggu​, a hub for artists and expats.