June 8, 2025
Fixed Assets

Major development after Aussie claimed he was scammed out of $6.2million in ‘dodgy Bali land deal’ and banned from the country

An Australian influencer who claims he lost $6.2million in a ‘dodgy land deal’ in Bali before he was banned from the country says he has been allowed back in. Julian Petroulas, 32, said he had purchased the leasehold rights to 1.1 hectares of land in Canggu from a French citizen.  His prized plot was challenged

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Gold Investing

Landslide at gold mine in Indonesia’s Papua kills at least six

STORY: :: A landslide at a gold mine in Indonesia’s Papua has killed at least six with over a dozen missing :: May 19, 2025 :: Arfak mountains, Indonesia :: Bernadus Okoka, Local police chief “We from the police, military and search and rescue teams are already at the nearest village of Jingga, and it

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Fixed Assets

Indonesia braces for forest, land fires ahead of dry season

JAKARTA: With some regions already seeing their land engulfed by wildfires, the government is intensifying efforts to mitigate the risk of forest and land fires as the country is expected to shift to the dry season in the coming weeks. The Meteorology, Climatology and Geophysics Agency (BMKG) recently forecasted that most regions across the country

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Financial Assets

Iran, Indonesia strengthen bonds amid challenges – Academia

s Jakarta graciously hosts the 19th Session of the Parliamentary Union of the Organisation of Islamic Cooperation member states (PUIC), it is a distinct privilege for me to mark this occasion, which coincides with the 75th anniversary of the establishment of diplomatic relations between the Islamic Republic of Iran and the Republic of Indonesia. Our

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Tangible Assets

Indonesians queue overnight to buy gold amid economic uncertainty, but experts warn of risks

As of Apr 28, the global price of gold is about US$3,338 per ounce (around 28 grams), while in Indonesia it was 1.965 million rupiah (US$117) per gram.  This is about a 10 per cent increase compared to one month ago when it was 1.79 million rupiah. Other countries in the region have also reported

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Operating Assets

Indonesian student who joined George Floyd ‘riot’ and destroyed property complains as he’s seized by ICE

An alleged George Floyd rioter arrested during unrest in Minnesota has now been taken into ICE custody and faces deportation to his native Indonesia. Aditya Harsono learned his student visa had been revoked last month as he was arrested by Immigration and Customs Enforcement officers at the hospital where he works. Harsono, a 33 year-old

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Fixed Assets

Sinarmas Land Shares Soar As Billionaire Widjaja Family Offers To Take Developer Private

Sinarmas Land is one of the biggest developers of prime office buildings in Jakarta. © 2021 Bloomberg Finance LP Shares of Sinarmas Land jumped to a seven-year high after the Widjaja family offered to take the Singapore-listed developer private in a deal valuing the company at S$1.3 billion ($985 million). Lyon Investments—controlled by the Widjaja

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Financial Assets

Indonesia takes currency, market measures after rupiah and shares fall

JAKARTA: Indonesia’s financial services regulator has allowed listed companies to buy back their stocks without shareholders’ approval, while the central bank conducted “bold” currency intervention to calm markets, officials said on Wednesday. The moves came after the main stock index fell as much as 7.1% on Tuesday, pressured by concerns over the government’s policy, fiscal

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Gold Investing

Indonesian investors flock to gold amid economic uncertainty

JAKARTA: Global prices soared to an all-time high this week as many investors, including individuals at home, turn to the precious metals as a safe haven asset amid geopolitical and global economic uncertainty. Gold hit a record US$2,942.70 (Rp 48.1 million) per ounce in Asian spot trading on Tuesday (Feb 11), marking an increase of

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