Jakarta

Investors in Indonesia Capital Market Flee Amid Political Uncertainty and Economic Challenges

11 days ago

Recent developments in Indonesia's stock market have left investors jittery, with a significant trend of capital flight observed in recent weeks. Following multiple economic pressures and political unrest, the Jakarta Composite Index (JKSE) has witnessed a notable decline, prompting analysts to question the underlying factors contributing to this investor exodus.

Widespread Flooding Displaces Thousands in Jakarta, Indonesia

1 month ago

Severe flooding in Jakarta, Indonesia's bustling capital, has led to mass evacuations and the closure of numerous factories, throwing the city into disarray. The relentless downpours over the weekend inundated various neighborhoods, forcing residents to flee their homes and seek refuge in temporary shelters.

Shocking Raids: Anti-Corruption Agents Storm Bank Indonesia's Jakarta Office

4 months ago

In a stunning development, Bank Indonesia’s Jakarta headquarters was abruptly raided by anti-corruption officials during a widespread investigation into alleged corruption and embezzlement activities. This high-profile operation, which unfolded on December 17, 2024, has sent shockwaves through the financial community and sparked a debate about the integrity of banking institutions in the country.