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Indonesia starts implementation of tax amnesty: tax official

JAKARTA The Indonesian government will start the implementation of its tax amnesty program on Monday, more than two weeks after parliament passed the law in an effort to bring home funds stashed abroad, a tax official said. The country’s finance minister will ... More »

China-backed AIIB seeks cooperation and new members

BEIJING The Asian Infrastructure Investment Bank (AIIB) stressed its independence from China at its first annual meeting on Saturday, saying it plans to cooperate with other development banks and add new members, including Hong Kong. Chinese President Xi Jinpi... More »

Verstappen makes F1 history as Mercedes crash out

BARCELONA Dutch teenager Max Verstappen made Formula One history as the youngest race winner on Sunday in a sensational Spanish Grand Prix that saw dominant Mercedes drivers Lewis Hamilton and Nico Rosberg collide and crash out on the opening lap. Verstappen, ... More »

Saudi Aramco prepares for global expansion as IPO looms

DHAHRAN, Saudi Arabia Saudi Arabia’s state-owned oil giant Aramco is seeking to expand globally via joint ventures overseas as it prepares for a partial privatization pushed by a government intent on diversifying the economy. The company is looking at opportun... More »

Indonesia wants ‘Special One’ to train national team

JAKARTA Indonesia wants former Chelsea coach Jose Mourinho to train its beleaguered national soccer team, the country’s sports minister said on Tuesday. Minister Imam Nahrawi said he had discussed the idea with President Joko Widodo, who is trying to revive In... More »

Saudi Aramco says looking at new ventures around globe

DHAHRAN, Saudi Arabia State oil company Saudi Aramco wants to expand globally and is looking at potential joint ventures in several countries, including Indonesia, India, the United States, Vietnam and China, chief executive Amin Nasser said on Tuesday. “We ar... More »

Saudi-Iran tensions scupper deal to freeze oil output

DOHA A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices. The development will revive oil industry fears that ... More »

Timeline: Zika’s origin and global spread

The following timeline charts the origin and spread of the Zika virus from its discovery nearly 70 years ago: 1947 – Scientists researching yellow fever in Uganda’s Zika Forest identify the virus in a rhesus monkey 1948 – Virus recovered from Aedes africanus m... More »

Smell test for Indonesia’s motorcycle taxi candidates

JAKARTA So stiff is competition between Indonesia’s motorcycle taxis app companies that new entrants are going to extreme lengths to stand out. Aris Wahyudi, the founder of the newest motorcycle-sharing company, reckons he has found a unique way to win busines... More »

Monkey cannot own copyright to ‘selfie,’ U.S. judge says

NEW YORK A rare crested macaque that took a now internationally famous “selfie” cannot own the copyright to the photograph because he is not human, a U.S. judge ruled in a suit brought by animal rights group PETA on behalf of the monkey. People for the Ethical... More »

Interest, prices for Southeast Asian art soar: Sotheby’s

SINGAPORE When “Bathing in the Shower” by the late Indonesian artist Hendra Gunawan went under the hammer at Sotheby’s autumn auction in Hong Kong in October this year, the oil painting of three female bathers was sold for HK$9.7 million ($1.3 million). That p... More »

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Uber denies drivers arrested in Jakarta police crackdown

JAKARTA Uber Technologies Inc [UBER.UL] denied on Monday that authorities in Jakarta had arrested some of its drivers after police in the city said they were cracking down on the car-hailing service because it was operating illegally. Police spokesman Mohammad... More »

FIFA dismiss Indonesia claims they will visit Jakarta

FIFA have dismissed claims by Indonesia that they will visit Jakarta in October with a view to overturning the soccer ban on the Southeast Asian nation for government interference. Indonesian Youth and Sports Minister Imam Nahrawi said on Friday FIFA would sen... More »

Indonesia’s chief economic minister says leaving post

JAKARTA Indonesia’s chief economic minister, Sofyan Djalil, said on Wednesday he will leave that post and take over the national planning ministry. “I have been moved to the national planning ministry,” the 61-year old told reporters at the presidential palace... More »

Malaysian law firm representing prime minister might sue WSJ

KUALA LUMPUR Malaysian police raided the office of troubled state investment fund 1MDB on Wednesday, following a report that claimed investigators looking into the firm found nearly $700 million had been transferred to Prime Minister Najib Razak’s bank account... More »