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Indonesia's Jokowi Defends Bullet Train Cost Blowout

The new high-speed rail from Jakarta to the city of Bandung cost $7 billion to construct and went more than $1 billion over budget. On "Latitude," Bloomberg… ....

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Jokowi says rupiah's drop still 'safe', flags tax incentives

JAKARTA (Reuters): Indonesia President Joko Widodo said on Tuesday (Oct 24) the rupiah's recent depreciation rate against the dollar was still "safe" for Southeast Asia's largest economy and its inflation targets and that his government was drafting tax incentives to boost growth. ....

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Indonesia's China-Backed 'Whoosh' Bullet Train Link Opens

Indonesia President Joko Widodo formally launched the country’s controversial new 350kph ‘Whoosh’ bullet train link on Monday. The $7.3 billion high-speed… ....

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