Private equity fund Falcon House Partners is mulling the sale of its controlling stake in Mount Scopus, which owns Indonesia's biggest European-style bakery chain, in a deal that could value the business at about $200 million, people with direct knowledge of the matter said.
Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia's surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse weather and Russia's invasion of Ukraine.
Indonesia's PT Bank CIMB Niaga Tbk is exploring an initial public offering of its Islamic banking arm after the unit is made independent, with a potential listing as early as 2028, two people with knowledge of the matter said.
Units of Indonesian auto distributor Astra International and Japanese carmaker Toyota Motor Corp announced Friday a joint venture that will provide vehicle rental services in the Southeast Asia's biggest economy.
Singapore turned a net importer of jet fuel for the week ended October 22, while diesel net exports fell by 13% week on week, official government data showed on Thursday.
Beaten-down equities in Southeast Asia have become irresistibly cheap, according to analysts at HSBC who recommend investing in Indonesia and across the region in a contrarian note on Monday that forecasted the best returns from laggard Singapore.
An Indonesian court has sentenced a comedian to seven months in prison for a joke he made about the name 'Muhammad', court documents showed, intensifying concerns over blasphemy laws in one of the world's most populous Muslim nations.
Defence ministers and officials from the United States, China, Russia and Southeast Asia gathered in Indonesia on Thursday for a meeting where they are expected to discuss geopolitical crises in and outside the region.
India's palm oil imports in December surged 96% from a year earlier to a record high for the month as palm oil's hefty discount to rival edible oils led refiners to raise purchases during the seasonally weak winter period, a trade body said.
The Indonesian government’s suppression of widespread protests after a 2019 attack on Papuan university students highlighted longstanding racial discrimination against Indigenous Papuans. Indonesian ...
A conservative religious movement, spread through social media, has taken hold among Indonesian youth. The government wants to curb its influence. By Sui-Lee Wee Sui-Lee Wee traveled to Padang and ...
JAKARTA, Indonesia — The defense ministers of Indonesia and Japan signed a cooperation agreement on Monday, Jakarta said, underlining the need to safeguard regional peace and stability in the face of ...
Secretary of War Pete Hegseth and Indonesia Minister of Defense Sjafrie Sjamsoeddin stand for the playing of the U.S. and Indonesian national anthems prior to a bilateral meeting at the Pentagon, ...
From Etna to Fuji—take on these epic volcano hikes From Etna to Fuji—take on these epic volcano hikes See life at the water's edge in Indonesia See life at the water's edge in Indonesia ...
Malaysia is missing a golden opportunity to capitalise on high palm oil prices and could suffer more production losses due to a "severe" shortage of about 120,000 workers, the Malaysian Estate Owners' Association (MEOA) told Reuters on Monday.
Malaysian palm oil futures rebounded on Wednesday after the world's top palm oil maker Indonesia issued a regulation stating it would start requiring export permits for all palm oil products, raising fears of global supply disruption.
Palm oil imports to India, the world's biggest buyer, rose in November by 29% from the previous month as steep discounts to rivals soyoil and sunflower oil made purchases lucrative for local refiners, a trade body said on Wednesday.
South Korea's domestically developed fighter jet successfully completed its first test flight on Tuesday, a defence agency said, amid a push to replace ageing military jets in the face of nuclear and missile threats from neighbouring North Korea.
U.S. payments firm PayPal has registered as an electronic systems operator in Indonesia and its customers can now access its services, the company said on Wednesday.
Affirma Capital and Bain Capital are among regional buyout firms that have submitted bids for Falcon House Partners' controlling stake in Mount Scopus, which owns Indonesia's biggest European-style bakery chain The Harvest, two sources told Reuters.
Development fund allocated for Indonesia's football association is being frozen by FIFA after the country was stripped as hosts of this year's Under-20 World Cup, soccer's governing body said on Thursday.
Equinix has acquired three data centers in the Philippines from Total Information Management to expand its presence in the high growth potential region of Southeast Asia, the global data center firm said on Tuesday.
Indonesian police have charged a DJ with violating the country's controversial pornography law after the 28-year-old staged a street protest against COVID-19 movement curbs dressed in a mask and red two-piece bikini earlier this week.
Australia captain Mat Ryan has dismissed criticism of the Socceroos' Asian Cup campaign as "outside noise" while admitting that the team can improve ahead of the quarter-finals.
Indonesian authorities have seized 2.5 tonnes of crystal methamphetamine after a series of raids linked to an international smuggling ring spanning Afghanistan and Southeast Asia, police said.