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☆ What it’s really like to live in Macao
▼ + stars: | 2024-04-25 | by ( Lilit Marcus | ) edition.cnn.com time to read: +9 min

Macao, the Chinese special administrative region (SAR) often twinned with Hong Kong, is known as the Las Vegas of Asia. But travelers who are willing to dig in a little deeper can explore Macanese culture, which mixes Portuguese, Chinese and Southeast Asian heritages. Macao is comprised of two islands – the north one, Macao itself, and its southern neighbor Taipa. “In Asia, [people] think that Macao is full of casinos, and I think they do not understand the other parts of Macao,” says Lai. That means that they can live in Macao without a work visa and do not need a company sponsoring them.

Persons: CNN — “, ”, Vivian Lai, Taipa, Lai, ” Marina Fernandes, Michael Maslan, “, it’s, Uber, Fernandes, Eduardo Leal, Ricardo Balocas, Balocas, Don’t Organizations: CNN, Las, Macanese Association, Bloomberg, Macao International Airport, Joseph’s University, Macao, Henley Locations: Macao, Hong Kong, Las Vegas, Asia, China, Taipa, “, ”, Europe, Portuguese, Zhuhai, Macao’s, Singapore, Jakarta, Hanoi, Bangkok, Beijing, North America, Shenzhen, Guangzhou, Bay Area, Portugal, Macao's, Lisbon, St, Philippines, ‘ Little Lisbon, it’s

☆ Apple keeps looking for new places to make its stuff that aren't China
▼ + stars: | 2024-04-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Tim Cook discussed manufacturing in Indonesia with president Joko Widodo, Reuters reported. Such a move would help Apple reduce its reliance on manufacturing in China. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementApple has put Indonesia in the frame as it looks to reduce its reliance on manufacturing in China. After meeting president Joko Widodo in Jakarta on Tuesday, CEO Tim Cook said the iPhone maker will "look at" Indonesia, Reuters reported.

Persons: Tim Cook, Joko Widodo, —, Cook Organizations: Reuters, Apple, Service Locations: Indonesia, China, Vietnam, Jakarta

☆ What Can ‘Green Islam’ Achieve in the World’s Largest Muslim Country?
▼ + stars: | 2024-04-17 | by ( Sui-Lee Wee | Ulet Ifansasti | ) www.nytimes.com time to read: +1 min

The faithful gathered in an imposing modernist building, thousands of men in skullcaps and women in veils sitting shoulder to shoulder. “Our fatal shortcomings as human beings have been that we treat the earth as just an object,” Grand Imam Nasaruddin Umar said. Like fasting during Ramadan, it is every Muslim’s Fard al-Ayn, or obligation, to be a guardian of the earth. Like giving alms, his congregants should give waqf, a kind of religious donation, to renewable energy. Dismayed by the trash sullying the river that the mosque sits on, he ordered a cleanup.

Persons: Nasaruddin Umar, Nasaruddin Organizations: World Bank Locations: skullcaps, Istiqlal, Jakarta, Indonesia

☆ Apple will 'look at' manufacturing in Indonesia, CEO Cook says, as China diversification push continues
▼ + stars: | 2024-04-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook gestures as he arrives for a meeting with Indonesia's President Joko Widodo at the Merdeka Palace in Jakarta on April 17, 2024. Apple CEO Tim Cook said the company will "look at" manufacturing in Indonesia, following a meeting with the country's President Joko Widodo, at a time when the iPhone giant continues to diversify its supply chain away from China. "We talked about the president's desire to see manufacturing in the country and it's something that we will look at," Cook told reporters after the meeting. "I think the investment ability in Indonesia is endless. Over the past three years, Apple has been accelerating its push to diversify its manufacturing base beyond China after the Covid-19 pandemic exposed the Cupertino giant's reliance on the world's second-largest economy.

Persons: Tim Cook, Joko Widodo, Cook Organizations: Apple Locations: Jakarta, Indonesia, China, Cupertino

☆ China says innovations, not subsidies, are powering EV edge as Yellen raises 'overcapacity' concerns
▼ + stars: | 2024-04-08 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

(Photo by BAY ISMOYO / AFP) (Photo by BAY ISMOYO/AFP via Getty Images)China's Minister of Commerce Wang Wentao said that the speedy rise of the country's electric vehicle firms was not because of subsidies, but due to "constant innovations." The allegations about "overcapacity" by the U.S. and Europe are without merit, he said, China's Ministry of Commerce reported Monday. Wang also attributed China's EV edge to "well-established supply chain system and market competition." The roundtable discussion centered around the European Union's anti-subsidy probe into electric vehicle imports from China, among other topics, according to the statement. Wang noted that the Chinese EV industry has "made an important contribution to the global response to climate change as well as green and low-carbon transformation."

Persons: ISMOYO, Commerce Wang Wentao, Wang Organizations: Getty, Commerce, U.S, China's Ministry of Commerce, EV, Commerce Ministry, EU Locations: Jakarta, Indonesia, AFP, Europe, Paris, China

☆ Asia’s 50 best restaurants for 2024 revealed
▼ + stars: | 2024-03-27 | by ( Karla Cripps | ) edition.cnn.com time to read: +5 min

CNN —After losing the number one spot to Bangkok in 2023, Tokyo has reclaimed its crown as the city with the top eatery in the region at the annual Asia’s 50 Best Restaurants Awards, which were announced in Seoul, South Korea on Tuesday evening. The list – part of the global “World’s 50 Best” brand – is compiled by the Asia’s 50 Best Restaurants Academy, which is made up of more than 300 food critics, writers, chefs and restaurateurs, all selected for their knowledge of Asia’s restaurant scene. Though Singapore didn’t have any restaurants in the top five, nine of its venues made the top 50 list – more than any other city. Courtesy The World's 50 BestThe “Asia’s Best Female Chef” award went to Pichaya ‘Pam’ Soontornyanakij, owner of Bangkok restaurant Potong, which came in at 17 on this year’s list. Mineko Kato of restaurant Faro in Tokyo won the Asia’s Best Pastry Chef award and Kevin Lu of Logy, in Taipei, was voted Asia’s Best Sommelier.

Persons: Daniel Calvert, Calvert, “, ”, Sézanne, I’ve, we’d, Gaggan, Seroja, Gaggan Anand, Thitid “, Sühring, Le Du –, Ton, Bangkok –, Odette, Pichaya, Pam ’ Soontornyanakij, Ton’s Nusara, Mineko Kato, Kevin Lu, Logy, Sung Anh, Mosu, Danny Yip, Hong, Le, Fu, Hui, Samrub, Villa, Ling Long, Ando, Les Amis, Baan, Goh, Anan, Tam’s Organizations: CNN, Marunouchi, Restaurants Academy, Hospitality, Toyo, Meta, Studio, Bund Locations: Bangkok, Tokyo, Seoul, South Korea, Japan, France’s Champagne, Maronouchi, Asia, ”, Kolkata, Hong Kong, Singapore, Thai, ” Singapore, Faro, Taipei, Nusara, Suhring, Osaka, Odette, Sorn, Le Du, Potong, Shanghai, Logy, Masque, Mumbai, Manila, Delhi, Seroja, Taichung, Taiwan, Mume, Wakayama, Lolla, Avartana, Chennai, India, Fukuoka, Jakarta, Kyoto, Anan Saigon, Ho Chi Minh City, Macao

☆ China is trying to connect Southeast Asia by high-speed rail. Here’s how that’s going
▼ + stars: | 2024-03-25 | by ( Heather Chen | ) edition.cnn.com time to read: +10 min

CNN —Imagine jumping on a train in southwestern China, traveling some 2,000 miles and arriving in Singapore – less than 30 hours later. Southeast Asia is the “obvious” choice because of its “proximity to China,” Bowerman adds. “Beijing, I think, ultimately wants to see Southeast Asian countries within its sphere of geopolitical influence. A staff member waits for passengers to board the Jakarta-Bandung high-speed train during a week-long public trial phase at the Halim station in Jakarta on September 17, 2023. “In the example of a high-speed railway line between Malaysia and Singapore, Singapore would likely have just one stop – Malaysia would have more,” Wong told CNN.

Persons: China’s, Gary Bowerman, ” Bowerman, ”, Pon Souvannaseng, Peerapon Boonyakiat, Bowerman, Pan Wenbo, Pan, Mei Wei, Wei, “ I’m, Xi Jinping’s, Souvannaseng, Hong Kong –, Hong Kong’s, Yasuyoshi Chiba, Wong Muh Rong, ” Wong Organizations: CNN, Initiative, China Railway, Reuters, East Japan Railway Co, Malaysian, Bentley University, of, Communist Party, Laos Railway, Laos Railway cumulatively, Orient Express, Getty Locations: China, Singapore, Asia, Laos, Kunming, Vientiane –, Indonesia, Jakarta, Bandung, West Java, Thailand, Bangkok, Thai, Malaysia, Kuala Lumpur, Southeast Asia, “ China, Peerapon, Cities, Penang, Malacca, Phuket Old Town, Beijing, Vietnam, Philippines, Cambodia, Wat, Siem Reap, ”, Kowloon, Hong Kong, Shanghai, Halim, AFP, “

☆ Muslims spot Ramadan crescent moon in Saudi Arabia, meaning month of fasting starts Monday for many
▼ + stars: | 2024-03-10 | by ( ) www.cnbc.com time to read: +5 min

Officials saw the crescent moon Sunday night in Saudi Arabia, home to the holiest sites in Islam, marking the start of the holy fasting month of Ramadan for many of the world's 1.8 billion Muslims. Saudi state television reported that authorities there saw the crescent moon. However, there are some Asia-Pacific countries like Australia, Brunei, Indonesia, Malaysia and Singapore, that will begin Ramadan on Tuesday after failing to see the crescent moon. In Saudi Arabia, the kingdom had been urging the public to watch the skies from Sunday night in preparation for the sighting of the crescent moon. The Palestinian territories will begin Ramadan on Monday as well.

Persons: Jordan, Saudi King Salman, Ayatollah Ali Khamenei, Ramadan, Robabeh, it's, Prophet Muhammad, Israel, Jerusalem's Organizations: Iran's, Hamas, Islamic Locations: Musyari'in, Jakarta, Indonesia, Saudi Arabia, Islam, Saudi, Iraq, Syria, Egypt, Asia, Pacific, Australia, Brunei, Malaysia, Singapore, Oman, Israel, Gaza, Palestine, Mecca, Iran, Tehran, Persian, Nowruz, U.S, Jerusalem's Al, Aqsa, Sudan

☆ Indonesia Investigates How Two Pilots Dozed Off During a Flight
▼ + stars: | 2024-03-10 | by ( Muktita Suhartono | Yan Zhuang | ) www.nytimes.com time to read: +1 min

Indonesia’s aviation authority said it would review how the country’s airlines operate night flights after both pilots on a Batik Air flight carrying 153 passengers fell asleep, causing the plane to briefly veer off course. The plane took off from Kendari at about 8 a.m., and after reaching cruising altitude, the captain took a nap while the co-pilot manned the flight, according to a preliminary report by the National Transportation Safety Committee. After about an hour, the co-pilot accidentally fell asleep, and several frantic calls from the air traffic control center and other aircraft went unanswered. About 28 minutes later, the pilot woke up, realized the plane had veered off course and woke up the co-pilot. They course-corrected, and the plane landed safely in Jakarta.

Persons: — Organizations: National Transportation Safety Locations: Kendari, Jakarta

CNN —Indonesia’s transport ministry will launch an investigation after two Batik Air pilots fell asleep during a recent flight, according to state news agency Antara, citing the ministry’s civil aviation director-general M Kristi Endah Murni. The flight, BTK6723, lasted two hours and 35 minutes, and successfully landed in Jakarta, according to Antara and the preliminary report. Around 90 minutes into the flight, the second-in-command then “inadvertently fell asleep,” according to the report. Around 28 minutes after the last recorded transmission, the pilot-in-command woke up and realized the plane was not in the correct flight path. The preliminary report detailed that the pilot-in-command told the ACC that the flight had experienced a “radio communication problem” that had been resolved.

Persons: Antara, Kristi Endah Murni, “, ” Murni Organizations: CNN, National Transportation Safety, ACC, Air Locations: Kendari, Southeast Sulawesi, Jakarta, ”, Indonesia

☆ The captain and copilot of an A320 fell asleep for 28 minutes during a flight to Jakarta, report says
▼ + stars: | 2024-03-09 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

Read previewThe captain and copilot of a domestic flight in Indonesia carrying 153 people fell asleep for nearly 30 minutes, a report published by Indonesia's National Transportation Safety Committee (KNKT) said. Around 45 minutes later, the captain woke up and offered to let the copilot, 28, rest, but they declined, and the captain fell back asleep. AdvertisementThe first officer spent roughly the next 20 minutes communicating with air traffic controllers and flight attendants before they "inadvertently" also fell asleep, per the report. After waking them, the captain answered another pilot's call and air traffic controllers, claiming they had suffered a "radio communication problem." According to the KNKT report, the second in command had not rested sufficiently the night before the flight.

Persons: — Organizations: Service, Indonesia's National Transportation Safety, Business, Air, Indonesian Locations: Indonesia, Kendari, Indonesian, Southeast Sulawesi, Jakarta

☆ I pay $18 a month for a membership that gets me 50% off stays at new luxury hotels and a free coffee drink every day
▼ + stars: | 2024-03-08 | by ( Sydney Edwards | ) www.businessinsider.com time to read: +4 min

The membership comes with half-off discounts for stays at select new hotels and free coffee drinks. For $216 a year or $18 a month, members are promised deals on hotel stays, discounted meals, and free coffee at Ennismore partner brands. The membership also comes with a free barista-made drink every dayI've taken advantage of the free coffee and dining discounts offered through the membership. AdvertisementBeing able to work from a trendy spot while using my membership to get free coffee and dining discounts is pretty great. Since I live near some of the participating properties and eateries, I already feel like I'm getting a lot out of my membership.

Persons: Ennismore's, —, Ennismore, haven't, I'm, Sydney Edwards, I've, There's Organizations: Service, Hoxton Locations: Here's, Hoxton Vienna, London, Jakarta, Edinburgh, Perth, Nice, Copenhagen, Hoxton Williamsburg, Brooklyn, New York, Hoxton

☆ Indonesia's next president Prabowo made big promises on the campaign trail. Can he deliver?
▼ + stars: | 2024-02-23 | by ( Joseph Rachman | ) www.cnbc.com time to read: +3 min

Prabowo Subianto, Indonesia's presidential candidate and defense minister, center, waves to supporters in Jakarta, Indonesia, on Wednesday, Feb. 14, 2024. JAKARTA — Indonesia's Defense Minister Prabowo Subianto is set to become the next president in October after voters handed him a strong mandate at the Feb. 14 election. Under Widodo, Indonesia's gross domestic product has grown steadily at around 5% over the past decade — barring the pandemic years of 2020 to 2021. "Because at the end of the day, the voters will compare the economic policies which have been delivered well by the incumbent president with the next president." On the campaign trail, Prabowo's discussions on economic policy were limited, and mainly focused on promises to continue the Widodo administration's signature downstreaming policy.

Persons: Prabowo, Prabowo Subianto, Gibran Rakabuming Raka, Joko Widodo, who's, Josua Pardede, Peter Mumford, Erick Thorir, CNBC's Martin Soong Organizations: JAKARTA — Indonesia's, General, Commission, Investors, Permata Bank, Eurasia Group, CNBC Locations: Jakarta, Indonesia, JAKARTA, Asia

☆ Prabowo Subianto: Once banned from the US, this fiery ex-army general is poised to lead Indonesia
▼ + stars: | 2024-02-19 | by ( Heather Chen | ) edition.cnn.com time to read: +13 min

“The most important objective of democracy is giving people the leaders and representatives they want,” Prabowo told reporters from his pool. Antara Foto/Galih Pradipta/ReutersMany are excited about a Prabowo presidency, like this hardcore supporter who has clearly taken his support to the extreme. Bagus Saragih/AFP/Getty ImagesMore recently, Prabowo has presented himself as a loyal Jokowi ally, serving as his defense minister for the past five years. Experts say Prabowo, known for his fiery speeches, military background and combative past will make for a very different kind of president. Indonesia has long been one of Australia’s most important bilateral relationships and experts say that will not change with Prabowo in charge.

Persons: Prabowo Subianto, ” Prabowo, Prabowo, Indonesia’s, Partai Probawo, Gibran, “ Prabowo, ”, Zachary Abuza, Abuza, “, Antara, Pradipta, Saragih, Widodo, Barack Obama, Tom Pepinsky, Rodrigo Duterte, Javier Milei, Trump, ” “, Dita Alangkara, Jokowi, Jacqui Baker, Laura Schwartz, Schwartz, Gibran Rakabuming Raka, Adek Berry, Chong Ja Ian, Suharto, –, Dan Slater, Prabowo “, ” Slater, Chaideer Mahyuddin, Chong, Juni Kriswanto, Usman Hamid, Papuans, Veronica Koman, ” Koman Organizations: CNN, National War College, Getty, Southeast Asia, Cornell University, “, Center, Research, Senior Southeast, National University of Singapore, Center for Emerging Democracies, University of Michigan, Muda Airforce, Amnesty International Locations: Jakarta, United States, South Jakarta, Washington ,, AFP, Indonesia, Singapore, Ukraine, Russia, China, Australia, Asian, Perth, Asia, Beijing, Washington, “ Washington, Sultan, Muda, Aceh, West Papua, South China, Tentara Nasional Indonesia, Southeast Asia, “, Papua, Amnesty International Indonesia, restive, Indonesian, East Timor

☆ Indonesian President's Son Also Rises, but What Will His Role as New VP Be?
▼ + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

Many voters say they were drawn to president-in-waiting Prabowo Subianto's ticket in part because of the ex-commander having Jokowi's eldest son Gibran Rakabuming Raka as his running mate. That puts Gibran on track to be the youngest vice president in Indonesia's history. Gibran's path to the vice presidency has also raised questions about how prepared he is to step up to the national stage, even if the vice presidency is a position with limited power and influence. Past vice presidents have typically tended to play a low-key role, unless given a specific mandate by the president. Jokowi has repeatedly denied he was involved in Gibran's decision to run for mayor, and then for the vice presidency.

Persons: Ananda Teresia, Kate Lamb JAKARTA, Joko Widodo, Prabowo, Gibran Rakabuming Raka, Gibran, Jokowi, Kevin O'Rourke, Gibran's, Suharto, Kanupriya Kapoor, Kay Johnson, Raju Gopalakrishnan Locations: Jakarta, Singapore, Australia, Indonesia

As Prabowo Subianto looks set to succeed Joko Widodo as President, economic growth remains resilient and inflation has stayed low over the past year. But external risks, including Russia's war on Ukraine, continue to cloud the horizon. The World Bank warned in January that global growth will slow for the third consecutive year, to 2.4% in 2024, when the global economy may record the slowest half-decade of GDP growth in 30 years. The government remains hopeful of hitting its 5.2% target in 2024, said Coordinating Minister for Economic Affairs Airlangga Hartarto in early February, acknowledging the risks posed by global economic turmoil, such as the Ukraine-Russia conflict. Regional leadershipTo reach developed country status, a nation typically requires sustained annual economic growth of 7% for 15 consecutive years.

Persons: Prabowo, Joko Widodo, Krisna Gupta, Widodo, Economic Affairs Airlangga Hartarto, Sri Mulyani, Radityo Dharmaputra, Indonesia's Organizations: World Bank, State of, Global, Center, Indonesian, Center for Indonesian, Studies, Bank, Economic Affairs, for Economic Co, OECD, Universitas Airlangga, Ukraine, Insider Studios, Foreign, Commonwealth & Development Office Locations: Indonesia, Ukraine, State, Russia, Jakarta, Southeast Asia, Crimea, Subianto

☆ Indonesia's Likely New President Haunts Father of Missing Activist
▼ + stars: | 2024-02-15 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +4 min

Rights activists say it was inspired by mothers in Argentina, who staged silent protests every Thursday in memory of people who were killed or disappeared during the 1976-1983 military rule there. Other portraits of the young man were hanging on the wall of his drawing room. In the wake of Suharto's resignation, Paian said he and his family visited hospitals and police stations searching for his son. Indonesia's human rights commission completed its report on the incident in 2006, which was submitted to authorities. But no action has been taken on its recommendation to set up a special human rights court to try those suspected in the disappearances in 1997-98.

Persons: Kate Lamb JAKARTA, Indonesia's, Ucok, Prabowo, Prabowo's, Paian, We're, Suharto's, Suharto, Budiman, he's, Raju Gopalakrishnan Organizations: Commission Locations: Jakarta, Argentina, West Java

☆ Indonesia is heading to the polls to elect Jokowi's presidential successor
▼ + stars: | 2024-02-14 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +2 min

Presidential candidate and former Jakarta governor Anies Baswedan, vice presidential candidate Muhaimin Iskandar, presidential candidate and Indonesia's Defence Minister Prabowo Subianto, vice presidential candidate Gibran Rakabuming Raka, presidential candidate and former Central Java governor Ganjar Pranowo and vice presidential candidate Mahfud MD (from left to right) react on the stage during the last presidential election debate at the Jakarta Convention Center in Jakarta on February 4, 2024. More than 200 million voters in Indonesia are heading to more than 800,000 polling stations in the world's third-largest democracy on Wednesday to elect President Joko Widodo's successor, a new national House of Representatives and various local legislators. Widodo, also popularly known as Jokowi, beat Probowo in the last two presidential elections. Some of the latest opinion polls showed Probowo netting more than 50% of the vote against two other opponents. Voters have six hours to cast their five ballots for their preferred presidential and vice presidential pairing, as well as legislators at the national, provincial and regency level, along with a regional senator for the national parliament.

Persons: Anies Baswedan, Muhaimin Iskandar, Prabowo Subianto, Gibran Rakabuming Raka, Ganjar Pranowo, Mahfud, Joko Widodo's, Probowo Subianto, general's, Widodo, Probowo, It's, Richard Borsuk Organizations: Indonesia's Defence, Central Java, Jakarta Convention, of, Defense, Nanyang Technological, Rajaratnam, of International Studies, CNBC, Gerindra Party Locations: Jakarta, Indonesia, Nusantara

☆ Indonesia's Presumed New President Pays Tribute to Strongman Suharto
▼ + stars: | 2024-02-14 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +3 min

By Ananda TeresiaJAKARTA (Reuters) - Indonesia's presumed new president Prabowo Subianto paid tribute to the nation's past leaders during a triumphant victory speech on Wednesday, joking about his close ties to his ex-father-in-law and former authoritarian ruler, Suharto. Addressing a sea of jubilant fans, the 72-year-old waxed lyrical about being carried in the arms of the nation's founder Sukarno, and offered gags about massaging former leader Abdurrahman Wahid and lunching with Suharto, Indonesia's second president. "Regarding the second president, I know him quite well," he said as the crowd at the Senayan sports stadium roared. With the second president, I often had lunch with him." Suharto, Indonesia's late strongman president, oversaw decades of repressive rule and one of the world's most corrupt regimes before being forced to step down during mass protests and an economic crisis in 1998.

Persons: Ananda Teresia, Prabowo Subianto, Suharto, Sukarno, Abdurrahman Wahid, lunching, Indonesia's, Prabowo, Titiek Suharto, Gibran Rakabuming Raka, Gibran, Ida Yayan, Muhammad Luth, Joko Widodo, Kate Lamb, Nick Macfie Organizations: Ananda Locations: Ananda Teresia JAKARTA, illiberalism, Jakarta

☆ Analysis-Indonesia's Prabowo Poised for Power, but How Will He Rule?
▼ + stars: | 2024-02-14 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

One major question is how well, and for how long, his alliance with outgoing President Joko Widodo, or "Jokowi", will hold. On the campaign trail Prabowo has promised policy "continuity", but analysts say that is far from guaranteed. "Make no mistake a President Prabowo would be his own president." 'UNCERTAINTY' ON THE CARDSIn contrast to Jokowi, Prabowo is from an elite family, the son of a prominent Indonesian economist and the ex-son-law of the country's former authoritarian ruler, Suharto. Once his victory is officially endorsed, Prabowo will assume the controls of Southeast Asia's biggest economy on October 20.

Persons: Kate Lamb JAKARTA, Prabowo Subianto, Prabowo, Long, general's, Joko Widodo, Liam Gammon, Jokowi, Doug Ramage, Gibran Rakabuming Raka, Indonesia's, Kevin O'Rourke, Suharto, “, He's, ANU's Gammon, Gammon, Kay Johnson, Raju Gopalakrishnan Organizations: Defence, Australian National University, ANU, Jokowi, Analysts, Human Rights Watch Locations: Indonesia, Prabowo, BowerGroupAsia, Indonesian, Ukraine, Qatar

☆ Indonesia's Defense Minister Prabowo leads in early unofficial presidential vote count
▼ + stars: | 2024-02-14 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +2 min

Indonesia's presidential candidate Prabowo Subianto gestures after he cast his ballot to vote in the country's presidential and legislative elections at a polling station in Bogor on February 14, 2024. Indonesians began voting for a new president on February 14 with Defence Minister Prabowo Subianto the frontrunner to lead Southeast Asia's biggest economy despite concerns over his human rights record. Indonesia's Defense Minister Prabowo Subianto, a former army general, appears to have an early unofficial lead in the race to become country's next president, "quick counts" show after voting in the world's third-largest democracy closed on Wednesday. Prabowo appears to have won a simple majority of ballots cast in Wednesday's elections, with some early independent snap counts putting his percentage of the popular vote at nearly 60% — substantively more than what pre-election opinion polls yielded. "It's too early to conclude anything … so we have to wait," Baswedan told CNBC after the early snap counts suggested he was trailing Prabowo.

Persons: Prabowo Subianto, country's, Prabowo, Anies Baswedan, Pranowo, Suharto, Joko Widodo, It's, Baswedan, CNBC's Martin Soong Organizations: Defence, Indonesia's, Former Jakarta, Central Java, Indikator, CNBC Locations: Bogor, Central, Indonesia

☆ Indonesia's GoTo denies merger talks with ride-hailing rival Grab
▼ + stars: | 2024-02-14 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Photographer: Dimas Ardian/Bloomberg via Getty ImagesIndonesian tech giant GoTo on Tuesday denied it is in merger discussions with Singapore-based ride-hailing rival Grab . "The company would also like to emphasize that currently, the company is not having any discussion on such matters," said GoTo in a Tuesday filing. "The company would like to emphasize that the company has an increasingly strong fundamentals and financial position," said GoTo. The firm added that it has achieved "positive adjusted EBITDA target in Q4 2023, while exceeding the top end of its full year adjusted EBITDA guidance range." Grab closed 1.2% lower on the Nasdaq on Tuesday amid a broader sell-off in U.S. markets.

Persons: Indonesia's GoTo, Dimas Ardian, GoTo Organizations: ByteDance, Indonesia's, Bloomberg, Getty, Nasdaq Locations: Jakarta, Indonesia, Singapore, U.S

The young women and men moved from booth to booth, asking questions about the political hopefuls’ track records and visions for the country. A few steps away, first-time voters practiced casting their ballots in pretend voting booths. And onstage, talk show guests discussed how to make an informed choice in backing a candidate. This gathering of more than a thousand people one recent Sunday in Jakarta, the capital of Indonesia, was a prelude to a celebration that is widely known here as “Pesta Demokrasi,” or Democracy Party. After voting for presidential, parliamentary and local legislative candidates, people camp out near their polling places with food as they wait for early counts to trickle in.

Organizations: Democracy Party Locations: Jakarta, Indonesia

☆ Indonesia election: Over 200 million will head to the polls across vast nation in world’s biggest election day
▼ + stars: | 2024-02-13 | by ( Kathleen Magramo | Heather Chen | ) edition.cnn.com time to read: +9 min

CNN —More than 200 million eligible voters will head to the polls in Indonesia on Wednesday, in what is billed as the world’s biggest single-day election. Mascots depicting presidential candidate and Indonesia's Defence Minister Prabowo Subianto (L) and vice presidential candidate Gibran Rakabuming Raka (R) in an election event on February 5, 2024. He has strong links with Islamic political groups, and his vice-presidential pick, Muhaimin Iskandar, is the leader of Indonesia’s largest Muslim political party, the National Awakening Party. A presidential candidate needs a simple majority of at least 50% of total votes and 20% of votes in more than half of the country’s 38 provinces to win. The use and abuse of AIWith more than 210 million Internet users, Indonesia boasts one of the world’s largest digital populations.

Persons: Suharto’s, Prabowo Subianto, he’s, Suharto, ” Kenneth Roth, Ganjar, Mahfud, Gibran Rakabuming Raka, Adek Berry, Anies Baswedan, Muhaimin Iskandar, Anies, –, Basuki Tjahaja, Joko Widodo, Jokowi, Prabowo, Gibran, Jokowi’s, ”, Adrian Vickers, Vickers, “, Yusof, Maria Monica Wihardja, ” Wihardja, Sayyidatiihayaa, Satya Bumi, ” Sayyidatiihayaa, Ulet Ifansasti Organizations: CNN, Human Rights Watch, Princeton University, Indonesian Democratic Party of, Indonesia's Defence, Getty, Former Jakarta, Islamic, National Awakening Party, University of Sydney, Prabowo, Lembaga, Transparency International, Indonesia Locations: Indonesia, United States, Central Java, Jakarta, Indonesia’s, AFP, Chinese, Indonesian, Ogan Ilir, South Sumatra, Nusantara, Borneo

☆ We see polarization of debt levels amongst Indonesia's listed companies: Expert
▼ + stars: | 2024-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe see polarization of debt levels amongst Indonesia's listed companies: ExpertAlessandro Gazzini from Alvarez & Marsal says close to 15% of listed companies in Jakarta are actually not in good financial health due to overextended debt load, but the healthy ones are getting even healthier.

Persons: Alessandro Gazzini, Marsal Organizations: Alvarez Locations: Jakarta

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