Workers at a Tsingshan Holding Group plant in Indonesia staged a demonstration and demanded new working conditions after an explosion on Sunday that killed at least 19 people. The deadly blast at a furnace run by PT Indonesia Tsingshan Stainless …
Policyholders at Indonesia’s state-owned PT Asuransi Jiwasraya are looking to the government to rescue the scandal-hit insurer, which has uncovered a $2 billion hole in its books. The crisis affects 17,000 buyers of investment products and 7 million clients, and …
Indonesian authorities re-opened the Halim Perdanakusuma airport in Jakarta for limited operations, as the death toll rises from the city’s worst flooding in almost seven years. At least 16 people have died from the New Year’s Day flooding, with half …
Indonesian investigators found sweeping problems and missteps in connection with last year’s fatal Lion Air crash, including design flaws in Boeing Co.’s 737 Max jet, certification failures by the U.S. regulator and a raft of errors at the airline by …
Search crews hunting for the remains of Lion Air Flight JT610 have found the data recorder, engines and body parts of some of the 189 victims. But the key to solving the mystery behind the crash is still missing: the …
Indonesia may be close to finding the main wreckage of the Lion Air plane that crashed earlier this week, as the hunt for clues to what caused the country’s worst air disaster since 1997 continued into a third day. The …
Billionaire Richard Li’s FWD Group is nearing an agreement to buy control of Commonwealth Bank of Australia’s Indonesian life insurance arm, people familiar with the matter said, in a deal that would boost the tycoon’s presence in one of the …
PT Bank Danamon Indonesia, the nation’s fifth-largest lender by market value, is fielding interest from foreign suitors seeking a stake in its insurance subsidiary, people familiar with the matter said. Jakarta-based Danamon is working with an adviser as it weighs …
Fairfax Financial Holdings Ltd., the Canadian investment firm led by Prem Watsa, is in advanced talks to buy control of Indonesian financial group PT Paninvest’s non-life insurance unit, people with knowledge of the matter said. The transaction would value the …
Search teams looking for the crashed AirAsia Bhd. jetliner’s black box will deploy side-scan sonar and pinger locaters as inclement weather off Indonesia’s coast hinders efforts to recover bodies and the plane’s fuselage. The international team has set 1,575 square …
