Elisa Valenta

Elisa Valenta

INDONESIA CORRESPONDENT

Elisa Valenta joined BT as its Indonesia correspondent in 2023. She began her journalism career in 2014, reporting on the Indonesian economy with a focus on capital markets, macroeconomics, energy, startups and commodities. Prior to joining BT, she held reporting roles at CNN Indonesia and Forbes Indonesia. With a decade of experience, she brings deep insight into one of South-east Asia’s most dynamic markets.

Increases in unsubsidised fuel prices in April and May are expected to raise logistics costs and trigger spillover
price increases for goods and services across the economy, pushing up the inflation rate.

Indonesia’s Q1 growth hits 3-year high, but momentum seen peaking

The economy grew 5.6% year on year in the January-March period, its fastest pace since Q3 2022

Jakarta has also announced that ride-hailing platforms will be required to provide accident and health insurance coverage for drivers.

Indonesia’s fee cap threatens ride-hailing profits, clouds outlook for Grab, GoTo

Analysts say the policy could dampen investor sentiment – just as ride-hailing firms are beginning to turn a profit

Vietnamese electric vehicle manufacturer VinFast has established a production facility in Karawang, West Java, Indonesia.

Indonesia’s EV dream hits a bump as government claws back tax perks

The zero-tax mandate removal could undermine the country’s energy transition goals, say analysts

Indonesia startup eFishery founder Gibran Huzaifah during a verdict hearing in Bandung District Court.

Indonesia eFishery founder gets nine years’ jail in fraud case

Verdict marks the conclusion of the country’s most high-profile fraud case involving a startup once valued at around US$1 billion

Gibran Huzaifah, founder of eFishery, allegedly engaged in financial misconduct, causing losses to the company and its investors.

Indonesia’s eFishery founder faces verdict in fraud case over alleged 70 billion rupiah losses

Prosecutors have sought a 10-year prison term and fine of 1 billion rupiah for Gibran Huzaifah

State-owned banks have been encouraged to expand subsidised lending to support economic activity, as the country targets growth of about 5.6% this year.

Fitch flags risks from Indonesia’s reliance on state banks to fund government programmes

This could have an impact on such lenders’ asset quality and the country’s policy framework over the long term, says analyst

Prosecutors allege that former education minister and Gojek co-founder Nadiem Makarim carried out the procurement of laptops in a manner that violated established public procurement principles.

Inside Indonesia’s trial of Gojek co-founder: How a Google laptop deal became a multitrillion-rupiah case

Nadiem Makarim, also a former minister under the previous president, has consistently denied any wrongdoing

The Indonesia Stock Exchange has given the companies time to conduct a share buyback before the delisting takes effect in November this year.

As MSCI review looms, Indonesia’s stock market reforms test investor confidence

The exchange is set to delist 18 companies, whose shares have been suspended for months

Stockbit analysts note that uncertainty surrounding index changes continues to weigh on investor sentiment.

MSCI keeps curbs on Indonesian stocks, delays index changes pending reform review

Analysts note that uncertainty surrounding the revisions continues to weigh on investor sentiment

Senior executives of the participating institutions at the signing ceremony include Eddy Porwanto, acting CEO of INA (sixth from left), Zhang Qingsong, chairman and CEO of CIC (seventh from left), Israfil Mammadov, CEO of State Oil Fund of the Republic of Azerbaijan (eighth from left) and Wu Peng, chairman of CGS International Securities (extreme right).

Three sovereign wealth funds anchor new China-Asean investment platform; US$520 million secured in first close

There are plans to expand the programme to US$1 billion as it targets opportunities emerging from deeper ties between China, S-E Asia