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Tag: Indonesia

  • Indonesia deports an ex-Philippine town mayor accused in Manila of cybercrimes

    Indonesia deports an ex-Philippine town mayor accused in Manila of cybercrimes

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    JAKARTA, Indonesia (AP) — Indonesia on Thursday deported a dismissed Philippine town mayor accused in Manila of helping establish an illegal online gaming and scam center and evading an investigation by the Philippine Senate.

    Alice Guo, 34, will continue her legal process in Manila, according to a written statement from Indonesia’s Law and Human Rights Ministry’s Directorate General of Immigration.

    Indonesian police arrested Guo Tuesday in the outskirts of Jakarta. In exchange, Indonesian authorities hope that the Philippines will repatriate Australian Gregor Johann Haas, one of Indonesia’s most-wanted drug suspects, who was arrested in central Philippines in May.

    Guo was scheduled to undergo a medical checkup at the police headquarters before being handed to the Philippine Senate.

    Philippine President Ferdinand Marcos Jr. thanked Indonesia Wednesday for the arrest of Guo, who was accused in the Philippines of helping establish an illegal online gaming and scam center catering mostly to clients in China.

    Guo was also accused of being a Chinese spy and of faking her Filipino citizenship, which allowed her to be elected in 2022 as mayor of the rural town of Bamban in Tarlac province north of Manila.

    Guo, who denied wrongdoing, was dismissed from her post for grave misconduct by the Ombudsman, a Philippine agency that investigates and prosecutes government officials accused of crimes including graft and corruption.

    After Guo fled the Philippines in July, she was tracked in Malaysia and Singapore before turning up in Indonesia. Two companions, who reportedly slipped out of the Philippines with her, were recently arrested in Indonesia and immediately deported to the Philippines.

    In July, Marcos ordered a ban on widespread and mostly Chinese-run online gaming operations, accusing them of involvement in human trafficking, torture, kidnappings and murder.

    Khrisna Murti, chief of the international division of the national police, said Wednesday in Jakarta that “exchange efforts are still being negotiated” over the return of Haas.

    Interior Secretary Benhur Abalos and Philippine National Police chief Gen. Rommel Francisco Marbil flew to Jakarta Thursday to hold talks with their Indonesian counterparts.

    Asked about the reported detainee swap, Indonesian Ambassador to Manila Agus Widjojo told the state-run People’s Television Network that “the talks have only just started” Thursday.

    Haas, reportedly the father of a rugby star in Australia, has been described by the Bureau of Immigration in Manila as a “a high-profile fugitive for being an alleged member of the Sinaloa cartel, a large international organized crime syndicate based in Culiacan, Sinaloa, Mexico that specializes in drug trafficking and money laundering activities.”

    Indonesian authorities alleged that in December Haas tried to smuggle into Indonesia a shipment of floor ceramics filled with more than five kilograms (11 pounds) of methamphetamine, a highly addictive stimulant which is prohibited in Indonesia and the Philippines.

    Australia, which had abolished the death penalty, is concerned that Haas may potentially face capital punishment if he’s repatriated to Indonesia, a Philippine official told the AP on condition of anonymity because they were not authorized to discuss the issue publicly.

    Under Indonesia’s strict drug law, Haas could face the death penalty by firing squad.

    Australia’s extradition law doesn’t allow anyone to be extradited to a country that would execute that person regardless of nationality.

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    Associated Press writer Jim Gomez in Manila, Philippines, and Rod McGuirk in Canberra, Australia are contributed to this report.

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  • Pope Francis embarks on his longest trip yet

    Pope Francis embarks on his longest trip yet

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    He is 87 years old and in recent years has battled health difficulties and begun using a wheelchair. But Pope Francis is embarking on the longest trip of his pontificate.On Monday, the pontiff starts a marathon 12-day visit of four countries in Southeast Asia and the South Pacific: Indonesia, Papua New Guinea, Timor Leste and Singapore. It is one of the longest foreign trips any pope has embarked on and marks the furthest geographical distance (32,814 kilometers or about 20,000 miles ) thatFrancis has travelled since his 2013 election.Video above: Pope Francis greets artists and inmates at Venice BiennaleThe landmark visit will allow this pope to highlight key themes of his pontificate, including inter-religious dialogue and protection of the environment.The trip also underscores a significant shift taking place inside the Catholic Church: its tilt to Asia.During his pontificate, Francis’ 44 previous foreign visits have included South Korea, Japan, the Philippines, Thailand, Myanmar and Bangladesh. He has also appointed cardinals from the Philippines (Luis Antonio Tagle) and South Korea (Lazarus You Heung-sik) to senior positions in the church’s central administration.The Catholic Church is no longer a Eurocentric or western institution but one where churches in Asia, Africa and Latin America have a growing voice. Francis, who as a young man wanted to be a missionary in Japan, has spoken favorably about male and female church leaders coming from countries outside of Europe.”Asia has always been among Francis’ priorities,” Father Antonio Spadaro, a Vatican official and close adviser to the pope, told CNN.Catholics in Asia are often in the minority, although they frequently punch above their weight when it comes to running schools and charitable works.”Thepope is interested not so much in the number of Catholics as the vibrancy,”said Spadaro, who will be travelling with Francis. In many Asian countries, the Jesuit priest explained, the church seeks to act as a “leaven”in trying to serve the “common good,” while Asia “represents the future at this time in the world”.Interfaith declarationOften a minority, the churches in Asia are focused on dialogue with other religions, something that will be a central theme of the trip.While in Indonesia, the world’s most populous Muslim majority country, the pope will take part in a meeting with religious leaders at the Istiqlal Mosque in Jakarta, the largest in Southeast Asia. Afterwards, Francis will sign an interfaith declaration with the grand imam of Indonesia and is also expected to visit an underpass linking the mosque and the Catholic cathedral next door known as the “tunnel of friendship.””Indonesia and Singapore are countries where the need to negotiate a harmonious co-existence with other religions and with the wider community is an ongoing concern,” Christina Kheng, a Catholic theologian from Singapore who teaches at the East Asian Pastoral Institute, told CNN. “What strands out is the dialogue of daily life that Catholics have with people of all faiths.””The pulse of the churches here is quite different from say, those in Europe or US where issues like polarization, secularization and abuse have dominated the headlines,” she added.Spadaro said the “pope wants to give a signal about dialogue with Islam,” and points out that in Timor Leste, the government has adopted a landmark human fraternity document — signed by Francis and the Grand Imam of Al-Azhar, Sheikh Ahmed al-Tayeb – as a national text.Timor Leste is unusual for Asia as 97% the population identifies as Catholic, the highest proportion outside of the Vatican City State.Michel Chambon, who works at the National University of Singapore and is an expert on Asian Catholicism, said the pope’s visit will help build relations and mutual understanding with these countries.”The key thing is that the Vatican is not a European state, it is much more than that,” he said.A giant in the backgroundMeanwhile, the Vatican’s relationship with China, an officially atheist state where religious practice is heavily curtailed by the government, will be in the background to this visit with Francis pushing ahead with trying to rebuild diplomatic relations with Beijing.Catholicism is one of five state-recognized faiths in China. But, state-sanctioned Catholic churches were, for decades, run by bishops appointed by Beijing, not the Holy See, until the two sides reached an agreement in 2018. Details of the accord have never been made public and many within China’s underground congregations who have remained loyal to Rome and long faced persecution fear being abandoned.Although the Holy See-China agreement has faced criticism, the Vatican says the deal is already paying off and hopes to open a permanent office in China. The pope has repeatedly said he would like to visit the country.Supporters of the patient diplomacy strategy point to the Holy See’s improved relationship with another Communist-governed country: Vietnam. After years of talks, the pope was able to appoint the first resident ambassador in Hanoi at the end of last year.Francis’ trip will also see him in a part of the world at risk of rising sea levels and natural disasters, with Papua New Guinea a country on the front line of the climate crisis. During his pontificate, the pope has insisted that the protection of the planet is a pressing moral issue, and his trip to the pacific is a chance once again to urge world leaders to take stronger action.Making this lengthy trip now, after more than 11 years as pope, sends a message to those, including at senior levels in the church, hoping that this pontificate is running out of steam. Spadaro says it underlines the “liveliness of the pontificate at this moment.”Francis will travel, as normal, with a doctor and two nurses. There are risks with making such a long and gruelling visit at his age. But this is a pope willing to take risks and pull off surprises. And he is determined to make one of the most ambitious trips of his pontificate.

    He is 87 years old and in recent years has battled health difficulties and begun using a wheelchair. But Pope Francis is embarking on the longest trip of his pontificate.

    On Monday, the pontiff starts a marathon 12-day visit of four countries in Southeast Asia and the South Pacific: Indonesia, Papua New Guinea, Timor Leste and Singapore. It is one of the longest foreign trips any pope has embarked on and marks the furthest geographical distance (32,814 kilometers or about 20,000 miles ) thatFrancis has travelled since his 2013 election.

    Video above: Pope Francis greets artists and inmates at Venice Biennale

    The landmark visit will allow this pope to highlight key themes of his pontificate, including inter-religious dialogue and protection of the environment.

    The trip also underscores a significant shift taking place inside the Catholic Church: its tilt to Asia.

    During his pontificate, Francis’ 44 previous foreign visits have included South Korea, Japan, the Philippines, Thailand, Myanmar and Bangladesh. He has also appointed cardinals from the Philippines (Luis Antonio Tagle) and South Korea (Lazarus You Heung-sik) to senior positions in the church’s central administration.

    The Catholic Church is no longer a Eurocentric or western institution but one where churches in Asia, Africa and Latin America have a growing voice. Francis, who as a young man wanted to be a missionary in Japan, has spoken favorably about male and female church leaders coming from countries outside of Europe.

    “Asia has always been among Francis’ priorities,” Father Antonio Spadaro, a Vatican official and close adviser to the pope, told CNN.

    Catholics in Asia are often in the minority, although they frequently punch above their weight when it comes to running schools and charitable works.

    “Thepope is interested not so much in the number of Catholics as the vibrancy,”said Spadaro, who will be travelling with Francis. In many Asian countries, the Jesuit priest explained, the church seeks to act as a “leaven”in trying to serve the “common good,” while Asia “represents the future at this time in the world”.

    Interfaith declaration

    Often a minority, the churches in Asia are focused on dialogue with other religions, something that will be a central theme of the trip.

    While in Indonesia, the world’s most populous Muslim majority country, the pope will take part in a meeting with religious leaders at the Istiqlal Mosque in Jakarta, the largest in Southeast Asia. Afterwards, Francis will sign an interfaith declaration with the grand imam of Indonesia and is also expected to visit an underpass linking the mosque and the Catholic cathedral next door known as the “tunnel of friendship.”

    “Indonesia and Singapore are countries where the need to negotiate a harmonious co-existence with other religions and with the wider community is an ongoing concern,” Christina Kheng, a Catholic theologian from Singapore who teaches at the East Asian Pastoral Institute, told CNN. “What strands out is the dialogue of daily life that Catholics have with people of all faiths.”

    “The pulse of the churches here is quite different from say, those in Europe or US where issues like polarization, secularization and abuse have dominated the headlines,” she added.

    Spadaro said the “pope wants to give a signal about dialogue with Islam,” and points out that in Timor Leste, the government has adopted a landmark human fraternity document — signed by Francis and the Grand Imam of Al-Azhar, Sheikh Ahmed al-Tayeb – as a national text.

    Timor Leste is unusual for Asia as 97% the population identifies as Catholic, the highest proportion outside of the Vatican City State.

    Michel Chambon, who works at the National University of Singapore and is an expert on Asian Catholicism, said the pope’s visit will help build relations and mutual understanding with these countries.

    “The key thing is that the Vatican is not a European state, it is much more than that,” he said.

    A giant in the background

    Meanwhile, the Vatican’s relationship with China, an officially atheist state where religious practice is heavily curtailed by the government, will be in the background to this visit with Francis pushing ahead with trying to rebuild diplomatic relations with Beijing.

    Catholicism is one of five state-recognized faiths in China. But, state-sanctioned Catholic churches were, for decades, run by bishops appointed by Beijing, not the Holy See, until the two sides reached an agreement in 2018. Details of the accord have never been made public and many within China’s underground congregations who have remained loyal to Rome and long faced persecution fear being abandoned.

    Although the Holy See-China agreement has faced criticism, the Vatican says the deal is already paying off and hopes to open a permanent office in China. The pope has repeatedly said he would like to visit the country.

    Supporters of the patient diplomacy strategy point to the Holy See’s improved relationship with another Communist-governed country: Vietnam. After years of talks, the pope was able to appoint the first resident ambassador in Hanoi at the end of last year.

    Francis’ trip will also see him in a part of the world at risk of rising sea levels and natural disasters, with Papua New Guinea a country on the front line of the climate crisis. During his pontificate, the pope has insisted that the protection of the planet is a pressing moral issue, and his trip to the pacific is a chance once again to urge world leaders to take stronger action.

    Making this lengthy trip now, after more than 11 years as pope, sends a message to those, including at senior levels in the church, hoping that this pontificate is running out of steam. Spadaro says it underlines the “liveliness of the pontificate at this moment.”

    Francis will travel, as normal, with a doctor and two nurses. There are risks with making such a long and gruelling visit at his age. But this is a pope willing to take risks and pull off surprises. And he is determined to make one of the most ambitious trips of his pontificate.

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  • Indonesia’s new capital isn’t ready yet. The president is celebrating Independence Day there anyway

    Indonesia’s new capital isn’t ready yet. The president is celebrating Independence Day there anyway

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    PENAJAM PASER UTARA, Indonesia (AP) — Indonesia marked 79 years of independence on Saturday with a ceremony in the unfinished future capital of Nusantara, which was planned to relieve pressure on Jakarta but whose construction has lagged behind schedule.

    Hundreds of officials and invited guests wearing the traditional clothes of Indonesian tribes gathered on a stretch of grass amid the ongoing construction of government buildings and and view of construction cranes in the center of the Nusantara city.

    President Joko Widodo and his Cabinet ministers attended the Independence Day ceremony at the new Presidential Palace, built in the shape of the mythical eagle-winged protector figure called Garuda.

    The celebration was initially planned to inaugurate Nusantara as the country’s new capital, but with construction behind schedule it’s not clear when the transfer will take place.

    Widodo said earlier in the week that 8,000 guests would be invited, but the number was later reduced to 1,300 because adequate infrastructure was not yet in place.

    The celebration at the new State Palace on the island of Borneo was held simultaneously with a celebration at the Merdeka Palace in Jakarta that was attended by Vice President Ma’ruf Amin.

    Widodo began working at the new presidential palace in Nusantara in late July and held his first Cabinet meeting there on Tuesday.

    More than 5,000 officers from Indonesia’s police and military were deployed for the ceremony and 76 honorary flag-bearers marched behind the national red-and-white banner.

    Image

    Indonesian President Joko Widodo, second right, and his wife Iriana, right, confer with Defense Minister and president-elect Prabowo Subianto, second left, as House Speaker Puyan Maharani, left, looks on during the ceremony marking Indonesia’s 79th anniversary of independence at the new presidential palace in its future capital of Nusantara, a city still under construction on the island of Borneo, Saturday, Aug. 17, 2024. (AP Photo/Achmad Ibrahim)

    Image

    CORRECTS DATE – Soldiers march before the start of a ceremony marking Indonesia’s 79th anniversary of the independence at the new presidential palace in its future capital city of Nusantara, still under construction on the island of Borneo, Saturday, Aug. 17, 2024. (AP Photo/Achmad Ibrahim)

    Jakarta, with about 10 million people in the city limits and three times that number in the greater metropolitan area, floods regularly and its streets are so clogged that congestion costs the economy an estimated $4.5 billion a year.

    The air and groundwater in the old capital, on the northwestern coast of the Java island, are heavily polluted, and it has been described as the world’s most rapidly sinking city. It is estimated that one-third of the city could be submerged by 2050, because of uncontrolled groundwater extraction, as well as the rise of the Java Sea due to climate change.

    The construction of the new capital began in mid-2022, spread over an area of about 2,600 square kilometers (1,000 square miles) carved out of Borneo’s jungle. Officials say it will be a futuristic green city with abundant forests and parks, powered by renewable energy sources and using smart waste management.

    But the project has been dogged by criticism from environmentalists and Indigenous communities, who say it degrades the environment, further shrinks the habitat of endangered animals such as orangutans, and displaces Indigenous people who rely on the land for their livelihoods.

    Since the start of construction, seven groundbreaking ceremonies have taken place for the construction of government and public buildings, as well as hotels, banks and schools.

    With a population of about 275 million, Indonesia is Southeast Asia’s largest economy. Most of the new capital’s investors are Indonesian companies. The government is contributing 20% of the $33 billion budget and relying significantly on private sector investment for the rest.

    To attract investors, Widodo recently offered incentives for the new capital, including land rights lasting up to 190 years and generous tax incentives. Widodo, who has led the country for 10 years, will leave office in October.

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    Tarigan reported from Jakarta, Indonesia.

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  • Indonesia’s leader highlights economic and infrastructure developments in his final state of nation

    Indonesia’s leader highlights economic and infrastructure developments in his final state of nation

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    JAKARTA, Indonesia (AP) — Indonesia’s outgoing President Joko Widodo highlighted advances in the economy and infrastructure during his final State of the Nation address Friday.

    Widodo said that in the 10 years he’s led the country, his administration controlled inflation, reduced rates of unemployment and extreme poverty, and built new infrastructure in parts of Indonesia that were difficult to reach and with limited resources.

    “Furthermore, our resilience as a nation has been proven by our endurance in tackling the COVID-19 pandemic, in facing climate change, and in facing the escalating global geopolitics,” Widodo said.

    The Southeast Asian nation plays a crucial role in the economic and political dynamics of a region where global powers have been increasingly at odds over Taiwan, human rights issues, U.S. military presence, and Beijing’s assertive actions in contested areas like the South China Sea.

    As a tropical archipelago on the equator, Indonesia has the world’s third-largest rainforest, home to diverse endangered species like orangutans and giant flowers. However, economic development has severely impacted these forests, making Indonesia one of the largest global emitters of greenhouse gases due to deforestation, fossil fuel use, and peatland fires, prompting the country’s push for a green energy transformation.

    Widodo said Indonesia’s developments — particularly related to smelters and processing industries for commodities such as nickel, bauxite, and copper — would open up more than 200,000 jobs and increase state revenues.

    With a population of about 275 million, Indonesia is Southeast Asia’s largest economy, and has the largest reserves of nickel in the world. Aiming to dominate the world’s nickel supply, the country has gone from having two nickel smelters to 27 over the last decade, with 22 more planned, according to S&P Global Commodity Insights. In 2023, the country was responsible for more than half the supply of nickel ore globally.

    But, Widodo said, 10 years is not enough time to achieve the goals his government set out to accomplish.

    Widodo, popularly known by his nickname Jokowi, began his second and final five-year term in October 2019 and is not eligible to run again. After a February election, Indonesia’s electoral commission formally declared Prabowo Subianto president-elect in April with Widodo’s son, the 36-year-old former Surakarta Mayor Gibran Rakabuming Raka, as vice president. The highest court rejected challenges to his landslide victory lodged by two losing presidential candidates.

    Widodo will leave office in October, leaving behind a notable legacy that includes the ambitious $33 billion megaproject to transfer Indonesia’s overcrowded capital from Jakarta to the nation’s future capital of Nusantara, in the burgeoning frontier island of Borneo.

    Widodo also calls on his successors, President-elect Prabowo Subianto, to continue the leadership of the country, saying he has faith the country will “achieve the 2045 Golden Indonesia vision,” — referring to Indonesia’s goal to become a sovereign, advanced, fair and prosperous country by 2045, when it will celebrate 100 years of independence.

    “Allow me to pass the leadership baton to you. Allow me also to share with you the hopes and dreams of all Indonesian people from Sabang to Merauke, from Miangas to the Island of Rote, from the peripheries, from the outermost regions, from rural and urban areas to you,” Widodo said.

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  • Landslide at unauthorized Indonesia goldmine kills at least 23 people, leaves dozens missing

    Landslide at unauthorized Indonesia goldmine kills at least 23 people, leaves dozens missing

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    Jakarta, Indonesia — Rescue workers dug through tons of mud and rubble on Tuesday as they searched for dozens of missing people after a landslide hit an unauthorized gold mining area on Indonesia’s Sulawesi island, killing at least 23 people.

    More than 100 villagers were digging for grains of gold on Sunday in the remote and hilly village of Bone Bolango when tons of mud plunged down the surrounding hills and buried their makeshift camps, said Heriyanto, head of the provincial Search and Rescue Office.

    Rescuers recovered more bodies on Tuesday in the devastated hamlet where the gold mine is located.

    According to his office, 66 villagers managed to escape from the landslide, 23 were pulled out alive by rescuers, including 18 with injuries, and 23 bodies were recovered, including three women and a 4-year-old boy. About 35 others were missing, it said.

    INDONESIA-LANDSLIDE
    Members of a rescue team carry the body of a person who was killed in a landslide at Tulabolo village in Bone Bolango Regency of Gorontalo Province, Indonesia, July 9, 2024.

    DIDOT/AFP/Getty


    National Disaster Management Agency spokesperson Abdul Muhari said torrential rains that have pounded the mountainous district since Saturday triggered the landslide and broke an embankment, causing floods up to the roofs of houses in five villages in Bone Bolango, which is part of a mountainous district in Gorontalo province. Nearly 300 houses were affected and more than 1,000 people fled for safety.

    Authorities deployed more than 200 rescuers, including police and military personnel, with heavy equipment to search for the dead and missing in a rescue operation that has been hampered by heavy rains, unstable soil, and rugged, forested terrain, said Afifuddin Ilahude, a local rescue official.

    “With many missing and some remote areas still unreachable, the death toll is likely to rise,” Ilahude said, adding that sniffer dogs were being mobilized in the search.

    Videos released by the National Search and Rescue Agency show rescue personnel using farm tools and their bare hands to pull a mud-caked body from the thick mud and placing it in a black bag to take away for burial.

    INDONESIA-LANDSLIDE
    Members of a rescue team carry a survivor of the landslide at Tulabolo village in Bone Bolango Regency of the Gorontalo Province, July 8, 2024.

    DIDOT/AFP/Getty


    Seasonal monsoon rains cause frequent landslides and flash floods in Indonesia, an archipelago nation of more than 17,000 islands where millions of people live in mountainous areas or near floodplains. 

    At least 14 people were killed in May when torrential rain sparked flooding and a landslide in South Sulawesi’s Luwu district. More than 1,000 houses were affected by inundation, with 42 being swept off their foundations.

    In March, torrential rains triggered flash floods and a landslide on Indonesia’s Sumatra island, killing at least 19 people and leaving 7 others missing, officials said.

    Climatologists say climate change has made the seasonal monsoons across Asia more intense and less predictable

    Informal mining operations are also common in Indonesia, providing a tenuous livelihood to thousands who labor in conditions with a high risk of serious injury or death. Landslides, flooding and collapses of tunnels are just some of the hazards facing miners. Much of gold ore processing involves highly toxic mercury and cyanide and workers frequently use little or no protection.

    The country’s last major mining-related accident occurred in April 2022, when a landslide crashed onto an illegal traditional gold mine in North Sumatra’s Mandailing Natal district, killing 12 women who were looking for gold.

    In February 2019, a makeshift wooden structure in an illegal gold mine in North Sulawesi province collapsed due to shifting soil and the large number of mining holes. More than 40 people were buried and died.

    “Improved weather allowed us to recover more bodies,” said Heriyanto, who goes by a single name like many Indonesians.

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  • Elon Musk travels to Bali to launch Starlink in Indonesia, his first trip after years of wooing from the Southeast Asian country

    Elon Musk travels to Bali to launch Starlink in Indonesia, his first trip after years of wooing from the Southeast Asian country

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    Indonesian president Joko Widodo’s years-long wooing on Elon Musk may have finally paid off. The Southeast Asian leader, commonly known as Jokowi, openly courted the Tesla CEO for investment in the country’s fledgling EV sector, even making a personal visit to see the billionaire in Texas in 2022.

    Musk has now made his first visit to Indonesia after Jokowi’s charm offensive. The billionaire traveled to the resort island of Bali over the weekend—not for Tesla, but for one of his other companies: SpaceX. On Sunday, Musk inaugurated SpaceX’s Starlink satellite internet service in Indonesia, saying he was “excited to bring connectivity to places that have low connectivity.”

    Starlink received a license to operate in Indonesia earlier this month. It’s the third Southeast Asian country to approve the satellite internet service, following the Philippines in 2022 and Malaysia last year.

    Establishing internet connectivity in remote areas of Indonesia, the world’s largest archipelago with around 17,000 islands, is a challenge. More than 20% of Indonesians still lack internet access, according to Indonesia’s minister of communication and informatics Budi Arie Setiadi.

    Going beyond Starlink?

    On Sunday, Musk said it was “very likely” that his other companies would invest in Indonesia, without providing further details.

    Jokowi has tried for years to get Musk and Tesla to invest in Indonesia, touting the country’s nickel industry. Indonesia has the world’s largest reserves of nickel, a key material for both stainless steel and some kinds of EV batteries.

    The Indonesian government banned the export of nickel ore in order to encourage investment in local nickel processing and refining, but so far most of the foreign investment is from Chinese and South Korean companies.

    Yet Indonesia’s nickel bet is risky. EV manufacturers are starting to pivot to batteries that don’t use nickel, and electric car sales are slowing down after recent years of booming growth.

    Jokowi, who will leave office in October, has tried to court foreign investment and move Indonesia up the global value chain since taking office in October 2014. EV makers like China’s BYD and Vietnam’s VinFast have pledged to build manufacturing facilities in the country.

    It’s not just EV companies thinking about the Southeast Asian country. Microsoft is pledging $1.7 billion in investment towards AI and cloud computing services, as well as provide AI skills training for up to 840,000 Indonesians. Apple CEO Tim Cook also said he will “look at” Indonesian manufacturing after a meeting with Jokowi earlier this year.

    Jokowi has had less success in trying to attract foreign investment for his ambitious plans to move Indonesia’s capital from Jakarta to Nusantara, a still-under-construction city on the island of Borneo. Starlink will also test its internet services in Nusantara, according to state media outlet Antara.

    Musk is expected to meet Jokowi, who skipped the Starlink launch, on Monday, at the 10th World Water Forum in Bali.

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  • This 35-year-old turned a local Indonesian coffee stall into a unicorn startup — today it brings in $100 million a year

    This 35-year-old turned a local Indonesian coffee stall into a unicorn startup — today it brings in $100 million a year

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    In college, Edward Tirtanata had a brewing love for coffee, so much so that he’d order “one huge cup” every day from either Dunkin’ Donuts or 7-Eleven.

    Today, the 35-year-old CEO and co-founder of venture-backed unicorn coffee company Kopi Kenangan, still has his cup of joe daily — except that he’s upgraded it to three or more cups a day for “product testing” purposes.

    What started as a local Indonesian coffee stall in 2017 has now become an international coffee brand worth over $1 billion, with more than 800 locations across Southeast Asia.

    The company raked in over $100 million in sales in 2023, according to documents provided to CNBC Make It.

    Within the span of seven years, Kopi Kenangan went from a local Indonesian coffee stall to a venture-backed unicorn coffee company.

    Entrepreneur in the making

    Tirtanata grew up in the Indonesian capital of Jakarta.

    But he moved to the U.S. in 2007 when he started college at Northeastern University in Boston, where he studied finance and accounting.

    While he never enjoyed studying, he had the heart of an entrepreneur from the start.

    Edward Tirtanata with his parents.

    Courtesy of Edward Tirtanata

    “When I was a kid, I was definitely naughty — I didn’t really study much,” he told CNBC Make It. “But whenever there is an opportunity to make money or do businesses, I always [got] excited.”

    “It’s not about the money — it’s about the pleasure of doing it. It is something that really excites me until today,” he said.

    Even as a student, Tirtanata discovered a key business principle: “Buy low, sell high.” He learned to sell Pokémon cards and gaming bots to friends at school for a profit. It was almost instinctive for him.

    Inspired by his parents who were also entrepreneurs, Tirtanata always enjoyed the hustle of making his own in the world.

    Edward Tirtanata with his family.

    Courtesy of Edward Tirtanata

    During his freshman year in university, he received a fateful call from his mother, who revealed that his father’s business had encountered some major financial setbacks.

    After that call, Tirtanata decided to speed through his five-year program and finished it in three.

    He quickly returned to home Indonesia and became his father’s business partner.

    “Back then, my days were filled with a lot of stress and uncertainty — but I think this is one of those moments that made me a better entrepreneur,” said Tirtanata. Despite facing these financial difficulties with his family, Tirtanata went on to forge his own entrepreneurial path.

    Business beginnings

    Before starting Kopi Kenangan, Tirtanata opened a tea shop chain called Lewis & Carroll in 2015 with locations across Indonesia. By the time he opened his fifth store, he realized that the tea shop wasn’t as profitable as he expected.

    Tirtanata and his long-time friend James Prananto discovered the problem one day, when they were having a casual chat at his tea shop: many of the big coffee and tea chains in Indonesia were too expensive for the local population.

    According to the Starbucks Tall Latte Index, while a Starbucks tall latte costs approximately 2% of the median daily income of people in the U.S., that same drink costs more than 30% of the median daily income of people in Indonesia.

    Kopi Kenangan’s first outlet in Indonesia.

    Courtesy of Edward Tirtanata.

    The idea of Kopi Kenangan was born.

    In 2017, Tirtanata and Prananto together invested a total of $15,000 into their first grab-and-go location in Jakarta, Indonesia. This model allowed them to ditch the costs of renting and designing a sit-down cafe space, and instead, invest that money into quality ingredients. 

    “Instead of focusing on the sofa, or fast Wi-Fi, we’re going to focus on a good, high quality cup of coffee,” Tirtanata said.

    This decision helped Kopi Kenangan scale to over 200 locations and 10 cities within the first two years of operations.

    Kopi Kenangan’s secret formula

    It’s no secret that the coffee business is highly saturated, especially in big metro areas.

    Asked what has separated Kopi Kenangan from its competitors, Tirtanata said there are three major reasons: the company’s grab-and-go model, it is a tech-enabled business, and it takes a hyperlocal approach.

    “So while Starbucks and other global coffee chains really prioritize consistency, I realized that people have different tastes and preferences,” he told CNBC.

    “This is where we really shaped our strategy for our global expansion — we want to make sure that the sweetness and robustness of the coffee really suits the market that we are operating in, using a data-driven approach,” Tirtanata said.

    Taking a data-driven hyperlocal approach means that a Kopi Kenangan latte in Singapore will taste different from a latte in Indonesia.

    During Covid, Tirtanata and Prananto doubled down on their efforts to integrate technology into their business. This helped Kopi Kenangan more than triple its store count during the pandemic.

    From Indonesia to the world

    As of April, the coffee chain has raised over $230 million in funding from investors across the globe, according to documents seen by CNBC Make It.

    Tirtanata with the Kopi Kenangan team.

    Courtesy of Edward Tirtanata

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  • Indonesia’s Mount Ibu Erupts – KXL

    Indonesia’s Mount Ibu Erupts – KXL

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    JAKARTA, Indonesia (AP) — Mount Ibu, a volcano in Indonesia’s North Maluku province, has erupted, spewing thick grey ash and dark clouds into the sky for five minutes.

    Officials said Monday that volcanic earthquakes at the mountain are still intense so there is a possibility of another eruption.

    After an eruption on Friday, the center raised the alert level for the volcano from 2 to 3, the second-highest level, which widens the radius of the area which should be vacated.

    Local authorities have prepared evacuation tents, but no evacuation order has been reported yet.

    Officials say 13,000 people live within a 3-mile radius of the crater.

    More about:

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    Grant McHill

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  • Nvidia plans to build a $200 million AI center in Indonesia amid push into Southeast Asia

    Nvidia plans to build a $200 million AI center in Indonesia amid push into Southeast Asia

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    The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California, on Feb. 11, 2015.

    Robert Galbraith | Reuters

    Nvidia is planning to build a $200 million artificial intelligence center in Indonesia in partnership with local telco giant Indosat Ooredoo Hutchison, as the U.S. tech darling continues its push into Southeast Asia. 

    According to Indonesia’s Communication and Information Technology Minister, Budi Arie Setiadi, the new facility will be based in the city of Surakarta in the Central Java province and will bolster local telecommunications infrastructure, human resources, and digital talent.

    Indosat did not respond to a request for comment, while Nvidia declined to comment on the matter.

    Last month, Indosat announced that it was ready to integrate Nvidia’s next-generation chip architecture, Blackwell, into its infrastructure, with “the goal of propelling Indonesia into a new era of sovereign AI and technological advancement.”

    Indosat Ooredoo Hutchison is Indonesia’s second-largest mobile telco after a 2022 merger between Qatar’s Ooredoo and Hong Kong’s CK Hutchison.

    Nvidia’s increased presence in Indonesia represents a broader push into Southeast Asia this year as data demand in the region booms on the back of the growing digital economy.

    In January, Singapore telco provider Singtel announced its partnership with Nvidia to deploy artificial intelligence capabilities in its data centers across Southeast Asia. 

    Singtel said in March that the initiative would provide businesses in the region with access to Nvidia’s cutting-edge AI computing power by this year, without the need for clients to invest in and manage their own expensive data center infrastructure.

    Southeast Asia has proved to be a major revenue driver for Nvidia. A U.S. Securities and Exchange Commission filing last year showed that about 15% or $2.7 billion of the company’s revenue for the quarter ended October came from Singapore. 

    Singapore trailed the U.S., which generated 34.77% of Nvidia revenue, Taiwan with 23.91%, and China and Hong Kong, at 22.24% in sales rankings that quarter.

    Revenue from the small nation-state that quarter represented a 404.1% increase from the $562 million recorded in the same period the previous year, outpacing Nvidia’s overall revenue growth and putting it as the company’s fourth largest market. 

    According to Nvidia’s latest blowout quarterly earnings report, data centers comprised the majority of its revenue, generating $18.40 billion on the back of global AI euphoria.

    CNBC’s Sheila Chiang contributed to the report.

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  • PayPal backs Indonesian insurance startup Qoala in $47M funding | TechCrunch

    PayPal backs Indonesian insurance startup Qoala in $47M funding | TechCrunch

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    PayPal Ventures’ latest investment is in an Indonesian startup that provides personal insurance products covering a variety of risks, including accidents, phone screen damage, and ticket cancellations.

    Qoala has secured $47 million in a new round co-led by PayPal Ventures and MassMutual Ventures, the five-year-old startup said Wednesday. MUFG Innovation Partners, Omidyar Network as well as existing backers Flourish Ventures, Eurazeo and AppWorks also participated in the Series C funding, which brings Qoala’s total funding to more than $130 million since its inception.

    Qoala, headquartered in Jakarta, is an insurance broker that works with top local insurers and e-commerce firms to offer customers personalized and affordable products. It sells the insurance coverage — ranging from cars, motorcycles, property, personal accidents, travel and health — through its website and app as well as via offline engagements.

    The startup – which also relies on a network of over 60,000 human workforce that it refers to as “agents” or marketers to sell insurance – simplifies the claims process through image uploads and uses machine learning to detect fraud, benefiting both customers and insurers by expanding access to convenient, cost-effective insurance solutions.

    It processed over 115,000 claims and reached 45,000 new customers last year, the startup said. Qoala, which also counts Peak XV among its backers, operates in Malaysia, Thailand and Vietnam in addition to its home market of Indonesia.

    Qoala revealed that its gross written premiums have surged by 2.5 times since 2022, and the startup now handles up to 60% of all claims internally, though it did not disclose exact numbers.

    Qoala co-founder and chief executive Harshet Lunani said the new funding “demonstrates market confidence” in the startup’s strategy. “Our mission to democratize insurance remains steadfast, and with this new infusion of funds, we are better equipped than ever to drive innovation and impact lives and livelihoods,” he said in a prepared statement.

    Qoala plans to deploy the fresh funds to explore strategic acquisitions and partnerships as well as in sprinkling AI across its channels.

    “It is commendable to see what Qoala has achieved in a short period of time,” said Alexandros Bottenbruch, Principal at PayPal Ventures in a statement. “By positioning itself as the solution of choice for both consumer-facing platforms and traditional agents, Qoala is providing consumers across Southeast Asia with much-needed tools to address the persistent protection gap.”

    PayPal Ventures is no stranger to Indonesia. It also backed Gojek in 2020.

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    Manish Singh

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  • Shareholder payouts hit a record $1.7 trillion last year as bank profits surged

    Shareholder payouts hit a record $1.7 trillion last year as bank profits surged

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    Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024.

    Brendan Mcdermid | Reuters

    LONDON — Global dividend payouts to shareholders hit a record $1.66 trillion in 2023, according to a new report by British asset manager Janus Henderson.

    The Global Dividend Index report, published Wednesday, said payouts rose by 5% year-on-year on an underlying basis, with the fourth quarter showing a 7.2% rise from the previous three months.

    The underlying figure adjusts for the impact of exchange rates, one-off special dividends and technical factors related to dividend calendars, along with changes to the index.

    The banking sector contributed almost half of the world’s total dividend growth, delivering record payouts as high interest rates boosted lenders’ margins, the report found.

    Last year, major banks including JPMorgan ChaseWells Fargo and Morgan Stanley announced plans to raise their quarterly dividends after clearing the Federal Reserve’s annual stress test, which dictates how much capital banks can return to shareholders.

    “In addition, lingering post-pandemic catch-up effects meant payouts were fully restored, most notably at HSBC,” Janus Henderson’s report added.

    “Emerging market banks made a particularly strong contribution to the increase, though those in China did not participate in the banking-sector’s dividend boom.”

    However, the positive impact from banking dividends was “almost entirely offset by cuts from the mining sector,” according to Janus Henderson.

    The report noted that large dividend cuts by some major companies such as BHP, Petrobras, Rio Tinto, Intel and AT&T diluted the global underlying growth rate for the year by two percentage points, masking significant broad-based growth in many parts of the world.

    ‘Key engine of growth’

    Around 86% of listed companies around the world either increased dividends or maintained them at current levels in 2023, Janus Henderson said.

    A total of 22 countries, including the U.S., France, Germany, Italy, Canada, Mexico and Indonesia, saw record payouts last year.

    Europe was described as a “key engine of growth,” with payouts rising 10.4% year-on-year on an underlying basis.

    For 2024, Janus Henderson expects total dividends to hit $1.72 trillion, equivalent to underlying growth of 5%.

    — CNBC’s Hugh Son contributed to this report.

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  • Plane veered off flight path after both pilots fell asleep, Indonesian authorities say

    Plane veered off flight path after both pilots fell asleep, Indonesian authorities say

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    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.According to a preliminary report released Saturday by the National Transportation Safety Committee (KNKT), both the pilot and co-pilot fell asleep simultaneously for 28 minutes during a flight from Kendari in Southeast Sulawesi province to the capital Jakarta on Jan. 25, causing navigational errors as “the aircraft was not in the correct flight path.”None on board — including 153 passengers and four flight attendants — were injured during the flight, and there was no damage to the aircraft, the KNKT preliminary report said.In the video player above: A look at air travel safety concerns in some other countries The flight, BTK6723, lasted two hours and 35 minutes, and successfully landed in Jakarta, according to Antara and the preliminary report.CNN has reached out to Batik Air.According to the report, the second-in-command pilot had notified his co-pilot earlier in the day that he had not had “proper rest.”In the flight before the incident, the second-in-command was able to sleep “for about 30 minutes.” After the aircraft departed Kendari and reached cruising altitude, the pilot-in-command asked for permission to also rest and the second-in-command took over the aircraft. Around 90 minutes into the flight, the second-in-command then “inadvertently fell asleep,” according to the report.Twelve minutes after the last recorded transmission by the co-pilot, the Jakarta area control center (ACC) tried to reach the aircraft, but there was no reply from the pilots, it said. 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. At that point, he woke up the second-in-command and responded to the ACC, it said.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.The report did not reveal the names of the pilots, but identified the pilot-in-command as a 32-year-old Indonesian male and the second-in-command as a 28-year-old Indonesian male. The second-in-command had one-month-old twins and “had to wake up several times to help his wife take care of the babies,” the report said.”We will conduct an investigation and review of the night flight operation in Indonesia regarding the Fatigue Risk Management for Batik Air and other flight operators,” Murni said in a statement, according to Antara.Flight crews of BTK6723 have also been grounded according to standard operating procedure pending further investigation, she added, according to the news agency.She also said the agency will dispatch a flight inspector authorized on Resolution of Safety Issue (RSI) to investigate the cause of the incident and recommend mitigation measures to flight operators and supervisors, Antara reported.

    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.

    According to a preliminary report released Saturday by the National Transportation Safety Committee (KNKT), both the pilot and co-pilot fell asleep simultaneously for 28 minutes during a flight from Kendari in Southeast Sulawesi province to the capital Jakarta on Jan. 25, causing navigational errors as “the aircraft was not in the correct flight path.”

    None on board — including 153 passengers and four flight attendants — were injured during the flight, and there was no damage to the aircraft, the KNKT preliminary report said.

    In the video player above: A look at air travel safety concerns in some other countries

    The flight, BTK6723, lasted two hours and 35 minutes, and successfully landed in Jakarta, according to Antara and the preliminary report.

    CNN has reached out to Batik Air.

    According to the report, the second-in-command pilot had notified his co-pilot earlier in the day that he had not had “proper rest.”

    In the flight before the incident, the second-in-command was able to sleep “for about 30 minutes.” After the aircraft departed Kendari and reached cruising altitude, the pilot-in-command asked for permission to also rest and the second-in-command took over the aircraft. Around 90 minutes into the flight, the second-in-command then “inadvertently fell asleep,” according to the report.

    Twelve minutes after the last recorded transmission by the co-pilot, the Jakarta area control center (ACC) tried to reach the aircraft, but there was no reply from the pilots, it said. 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. At that point, he woke up the second-in-command and responded to the ACC, it said.

    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.

    The report did not reveal the names of the pilots, but identified the pilot-in-command as a 32-year-old Indonesian male and the second-in-command as a 28-year-old Indonesian male. The second-in-command had one-month-old twins and “had to wake up several times to help his wife take care of the babies,” the report said.

    “We will conduct an investigation and review of the night flight operation in Indonesia regarding the Fatigue Risk Management for Batik Air and other flight operators,” Murni said in a statement, according to Antara.

    Flight crews of BTK6723 have also been grounded according to standard operating procedure pending further investigation, she added, according to the news agency.

    She also said the agency will dispatch a flight inspector authorized on Resolution of Safety Issue (RSI) to investigate the cause of the incident and recommend mitigation measures to flight operators and supervisors, Antara reported.

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  • MH370 went missing 10 years ago. An Indonesian family hopes it can be found

    MH370 went missing 10 years ago. An Indonesian family hopes it can be found

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    Medan, Indonesia – Herlina Panjaitan has not changed her mobile phone number since her son, 25-year-old Firman Chandra Siregar, went missing 10 years ago.

    Siregar, an Indonesian, was a passenger on MH370, the Malaysia Airlines plane that disappeared 40 minutes into its flight from Kuala Lumpur to Beijing in the early hours of March 8, 2014 and was never heard from again.

    It is important to 69-year-old Panjaitan that her number remains the same, just in case her youngest son tries to call her.

    “That was the number I used at the time and that is the number Firman has for me. I still hope he will call and ask me to go and pick him up, wherever he is,” she told Al Jazeera.

    Panjaitan had travelled to Kuala Lumpur from her home in Medan, Indonesia with her daughter-in-law and grandson the night before Siregar departed for Beijing, so the family could spend some time together before he started his new job with an oil company in China.

    Before he left for the airport to catch the late-night flight, Panjaitan helped her son pack his belongings, including a bag filled with warm clothing for Beijing’s freezing winter.

    The family took photographs together, with Siregar beaming as he played with his nephew.

    Panjaitan proudly displays photos of Siregan in her home, including of his graduation from the prestigious Bandung Institute of Technology [Aisyah Llewellyn/Al Jazeera]

    The pictures now hang on the wall of the family’s home in Medan, which lies on the other side of the Strait of Malacca facing Malaysia.

    “I told him to be careful and call me when he got to Beijing,” Panjaitan said. “There was no feeling that anything was about to go wrong.”

    The next morning, Panjaitan got a call from her daughter who worked at the Indonesian embassy in Mexico to ask her if she had heard the news about MH370.

    “She just said that she had heard that it had lost contact with air traffic control,” she recalled. “I didn’t know what to think.”

    Panjaitan and her family immediately rushed to Kuala Lumpur International Airport (KLIA) where the families of the 239 passengers and crew on board were briefed on the plane’s mysterious disappearance.

    “That is when I started to believe that it had really gone missing,” she said.

    Ten years since it took off from KLIA, the plane’s fate has become one of aviation’s greatest mysteries.

    No one has been able to say with any certainty what happened to the Boeing 777 after Captain Zaharie Ahmad Shah signed off from Malaysian air traffic control with the words “Good night, Malaysian three seven zero”, and prepared to enter Vietnamese airspace.

    According to satellite data, rather than continuing on to Beijing, the plane dramatically veered off course, flying back across northern Malaysia and skirting around Indonesia, before heading south towards the deep waters of the Indian Ocean.

    Panjaitan said that she called Siregar’s mobile phone after she heard the news and that it had rung several times but that no one had answered.

    A woman writes a message on a board dedicated to MH370. It has the plane's number and the words '10 years gone'
    A woman in Kuala Lumpur writes a message to mark the 10th anniversary of MH370’s disappearance [FL Wong/AP Photo]

    Two weeks later, then Malaysian Prime Minister Najib Razak announced the plane had “ended” its journey in the remote southern Indian Ocean.

    ‘The best child’

    Siregar, a graduate of Indonesia’s prestigious Bandung Institute of Technology, was the youngest of five children – three boys and two girls – and Panjaitan says he was “the best”.

    “That doesn’t mean my other children aren’t amazing,” she explained. “One works as a prosecutor and another is a diplomat, but Firman was just the best child and my other children understand what I mean when I say that. He was so handsome, so well-behaved, so respectful and so kind.

    “He never gave me any trouble as a child, and he knew what to do and what not to do without me telling him.”

    Before he went to Beijing, Siregar had introduced his mother and family to his girlfriend and her parents, who had travelled from Bandung to meet Panjaitan and her husband Chrisman.

    “They said they wanted to get married and I was happy that he’d found his life partner,” she said.

    Six months after the plane went missing, Panjaitan and her husband went to Bandung to meet Siregar’s girlfriend and gave her their blessing to move forward with her life.

    “We said that if she wanted to get married in the future, she should do it,” Panjaitan told Al Jazeera. “She didn’t say anything, just cried. And we cried too, it was just so sad.”

    Many theories, few answers

    Endless speculation has filled the void left by the failure to find MH370.

    Some claim Captain Zaharie engineered a sophisticated murder-suicide plot to deliberately crash the plane into the ocean.

    Others suggest that the plane was hijacked, deliberately shot down, or suffered a technical malfunction that cut off its communication systems and incapacitated the pilots leading to its eventual crash.

    None of the claims has been proven.

    Searches have proved fruitless, including a significant underwater and air search across an area of 120,000sq km (46,332sq miles) that cost $147m and was led by an Australian team in conjunction with Malaysia and China.

    The Malaysian authorities have also launched several investigations that culminated in a 495-page report that was finally released in 2018. It found that while foul play was likely, it was not possible to say who was responsible.

    Last week, ahead of the 10th anniversary, Malaysia’s Prime Minister Anwar Ibrahim reiterated that Malaysia was prepared to reopen an investigation if new evidence emerged.

    Malaysia’s transport minister, Anthony Loke, has also said that he has plans to meet US marine robotics company, Ocean Infinity, to discuss a new proposed underwater search.

    Panjaitan said that her family welcomes any renewed investigation.

    Some fragments from the plane have washed up on East African beaches, including a flaperon that forms part of the wing, but there has been nothing more substantial.

    For Panjaitan that leaves room for hope.

    “If it crashed, why haven’t they found it? It is a huge plane. What is important is that, alive or not, we still have hope that they will be found,” she said.

    “Hopefully Firman is alive, and we can go and pick him up wherever he is. When I see him again, the first thing I will do is give him a big hug.”

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  • Indonesia fintech Wagely makes bank while helping the unbanked | TechCrunch

    Indonesia fintech Wagely makes bank while helping the unbanked | TechCrunch

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    Wagely, a fintech out of Indonesia, made a name for itself with earned wage access: a way for workers in Southeast Asian countries to get advances on their salaries without resorting to higher-interest loans. With half a million people now using the platform, the startup has expanded that business into a wider “financial wellness” platform, and to give that effort an extra push, the company’s now raised $23 million.

    The news is especially notable given the funding crash that startups in Indonesia have faced in the last couple of years, underscoring how developing countries have been hit even harder than developed markets in in the current bear market for technology. Indonesia’s Financial Services Authority in January said that Indonesian startup funding was down 87% in 2023 compared to a year before, down to $400 million from $3.3 billion.

    That economic pressure is not exclusive to startups: ordinary people are under even more pressure.

    While the consumption of goods and services has grown significantly, salary growth across sectors has not kept up. Workers are on the lookout for solutions including credit to meet their needs between fixed-payroll cycles.

    But access to credit is not all-pervasive.

    Millions of workers are underbanked and lack credit history. In some cases, such workers are forced to find alternatives, which can be to find a job that pays wages in a shorter interval than a traditional pay cycle of a month. This results in a higher attrition rate for employers. Similarly, workers who cannot loan money from a bank or financial institution in the event of an emergency often get trapped by loan sharks, who charge exorbitant interest rates and follow predatory practices. It’s no surprise that earned wage access has been held up by global banking institutions like JP Morgan as a financial panacea: it’s important for both employees and employers.

    The concept of earned wage access has been prevalent among companies in developed markets like the U.S. and U.K. — especially after the COVID-19 pandemic impacted jobs and household incomes for many individuals. In 2022, Walmart acquired earned wage access provider Even to offer early pay access to its employees. Other big U.S. companies, including Amazon, McDonald’s and Uber, also offer employees early wage access programs.

    Wagely, headquartered in Jakarta, brought that model to Indonesia in 2020 and entered Bangladesh in 2021. The startup believes offering earned wage access in these markets is even crucial, since 75% of Asian workers live paycheck to paycheck and have significantly lower salaries than their counterparts in the U.S. and other developed countries.

    Image Credits: Wagely

    “We’re partnering with companies to provide their workers a way to withdraw their salaries on any day of the month,” Kevin Hausburg, co-founder and CEO at Wagely, said in an interview.

    Like other earned wage access providers, Wagely charges a nominal flat membership fee to employees withdrawing their salaries early.

    Hausburg told TechCrunch the fee, which he describes as a “salary ATM charge,” generally stays between $1 and $2.50, depending on the partial wage employees withdraw, as well as their location and financial well-being.

    Wagely, which has a headcount of about 100 employees, with approximately 60 in Indonesia and the remaining 40 in Bangladesh, has disbursed over $25 million in salaries in 2023 alone through nearly one million transactions and serving 500,000 workers.

    Since its last funding round announced in March 2022, the startup, the founder said, saw about five times growth in its revenues and tripled its business from last year, without disclosing the specifics. These revenues come solely from the membership fee that the startup charges employees. Nonetheless, it still burns cash.

    “We’re burning cash because it’s a volume game,” said Hausburg. “However, the margins and the business model itself is sustainable at scale.”

    While Wagely has been Southeast Asia’s early earned wage access provider, the region has added a few new players. This means the startup has some competition. Also, there are global companies with the potential to take on Wagely by entering Indonesia and Bangladesh over time.

    However, Hausburg said the convenience makes the startup a distinct player. It takes three taps from downloading Wagely’s app or accessing its website through a browser to having money in your bank account, the founder stated.

    “This is something that no other competitor is even close to because other earned wage access companies are focusing on different things,” he said.

    One of the areas where global earned wage access providers have shifted their focus nowadays is lending — in some cases, to lend money to employers. Some platforms also include advertising to generate revenues by offering different products they cross-sell to workers. However, Hausburg said the startup did not go with advertising or any other services that did not make any sense for the workers it services.

    “Focus on what your customers need. Don’t get distracted, and don’t try to optimize for short-term revenue,” he noted.

    Wagely’s business model works on economies of scale. That is, to become profitable, it needs to expand from half a million people to multiple millions.

    With Capria Ventures leading this latest round, the startup plans to utilize the funding to go deeper into Indonesia and Bangladesh, expand into financial services, including savings and insurance, and explore generative AI-based use cases, including automated document processing and local language conversational interfaces for workers.

    Recently, Wagely partnered with Bangladesh’s commercial bank Mutual Trust Bank and Visa to launch a prepaid salary card for employees in the country, which has a smartphone penetration rate of around 40% but a vast infrastructure for card-based payments and ATMs. It’s keeping an eye on other Asian countries but does not have immediate to enter any new markets anytime soon, the founder said.

    Wagely is not disclosing the amount of debt versus equity in this round but has confirmed it’s a mixture of the two. The debt portion would be specifically used to fund salary disbursements. It was also the first time the startup, which received a total of about $15 million in equity before this funding round, raised a debt.

    “It is unsustainable to grow the business just with equity, especially because we are pre-disbursing earned salaries to workers, and the only way that you can build this business sustainably is with having a very strong partner on the debt side that provides you that capital. And now was the time,” Hausburg told TechCrunch.

    Employers do not provide advance payment of wages by themselves; instead, they reimburse Wagely for the amount disbursed to employees at the end of the pay cycle. This requires the startup to maintain a sufficient reserve to cover advance wages for employees registered on the platform. The startup conducts “rigorous checks” on employer partners and works with publicly listed and well-compliant, reputable private companies to mitigate the risk of non-repayment by employers for the advanced wages provided to employees after the pay cycle concludes.

    “The Wagely team has demonstrated excellent execution with impressive growth in providing a sustainable and win-win financial solution for underserved blue-collar workers and employers,” said Dave Richards, managing partner, Capria Ventures, in a prepared statement.

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    Jagmeet Singh

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  • Indonesia considers easing crypto taxation

    Indonesia considers easing crypto taxation

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    The Commodity Futures Trading Supervisory Agency (Bappebti) of Indonesia has requested the Ministry of Finance, led by Sri Mulyani, to reassess crypto taxation.

    Indonesia’s crypto taxation 

    Indonesia witnessed a notable downturn in its crypto tax revenue in 2023, plunging by 62% compared to the previous year, despite the surge in Bitcoin’s value.

    The total tax revenue generated from crypto transactions in 2023 amounted to $31.7 million (Indonesian Rupiah 467.27 billion). This decline was primarily attributed to a significant 51% decrease in crypto transaction volumes during the same period.

    The tax regime, introduced by the government in May 2022, imposed dual taxation on crypto transactions, including a 0.1% income tax and a 0.11% value-added tax (VAT), with local exchanges contributing around 0.04% to the national crypto bourse.

    According to a regional report, the Commodity Futures Trading Supervisory Agency (Bappebti) has urged the Ministry of Finance, under Sri Mulyani’s leadership, to assess the implementation of crypto taxes. 

    Tirta Karma Senjaya, Head of CoFTRA’s (Commodity Futures Trading Authority) Market Development and Development Bureau, explained that this tax imposition aligns with crypto’s classification as a commodity or asset. With the transfer of supervision from CoFTRA to the Financial Services Authority (OJK), the Ministry of Finance, particularly the Directorate General (Dirjen) of Taxes, is expected to evaluate these crypto tax schemes.

    At the 10th anniversary of the Indodax event in Jakarta on Feb. 27, stakeholders emphasized the importance of evaluating the tax regime, considering the evolving status of crypto as a significant player in the financial sector. Tirta emphasized the necessity of periodic tax reviews, stating, “Usually taxes are evaluated every year.”

    Tirta further expressed his belief that the crypto industry and its regulations are relatively new, warranting space for growth until it can substantially contribute to state revenue through tax collections.

    In January, Suryo Utomo, the Director General of Taxes at Indonesia’s Ministry of Finance reported a total collection of IDR 71.7 billion from crypto tax and fintech services businesses. He specified that IDR 39.13 billion ($2,492,047.15) came from crypto tax, while fintech taxes amounted to IDR 32.59 billion ($2,075,538.37).

    Suryo also provided a detailed breakdown, stating that Rp. 18.25 billion ( $1,162,276.02) originated from PPh Article 22, and the remaining Rp. 20.88 billion ( $1,329,771.13) came from VAT on crypto transactions.

    Throughout the preceding year, state revenue from crypto and fintech taxes totaled IDR 1.11 trillion ($70,691,856.27) with Rp. 647.52 billion ($41,238,189.88) and Rp. 437.47 billion ( $27,860,870.60) realized by the end of 2023.

    Local exchanges in Indonesia have voiced concerns regarding the high tax rates, citing them as a factor in thinner revenues as users explore alternative platforms.

    Suggestions have been put forward to subject crypto transactions solely to income tax, aiming to foster growth and stability in the Indonesian cryptocurrency market.

    Tackling illegal crypto exchanges

    In May 2023, the Blockchain Association of Indonesia uncovered a troubling discovery: the presence of 303 illicit crypto exchanges operating within the country. This revelation poses a significant threat to Indonesia’s formal tax system, as it undermines efforts to regulate and tax cryptocurrency transactions effectively.

    The proliferation of unauthorized exchanges not only jeopardizes the integrity of the tax system but also raises concerns about potential revenue losses for the government.

    These unregulated platforms offer users avenues to conduct crypto transactions beyond regulatory oversight, complicating tax authorities’ efforts to monitor and tax these activities accurately.

    Last year, the Bali province of Indonesia implemented a ban on the use of cryptocurrencies as payment methods for foreign tourists. This measure is part of a larger initiative to reinforce the country’s official currency, the rupiah, as the sole legal tender.

    The Bali Provincial Government has issued warnings, stating that severe consequences such as deportation, administrative penalties, criminal charges, closure of businesses, and other strict sanctions will be imposed on foreign tourists found violating this ban. 

    Trisno Nugroho, the head of Bank Indonesia’s Bali Representative Office, reiterated that while cryptocurrency trading is permissible in Indonesia, using cryptocurrencies as a form of payment is not allowed.

    This prohibition on crypto payments for tourists in Bali is a component of a broader strategy to oversee and manage the utilization of cryptocurrencies throughout the nation.

     


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  • 50 of the world’s best breads | CNN

    50 of the world’s best breads | CNN

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    CNN
     — 

    What is bread? You likely don’t have to think for long, and whether you’re hungry for a slice of sourdough or craving some tortillas, what you imagine says a lot about where you’re from.

    But if bread is easy to picture, it’s hard to define.

    Bread historian William Rubel argues that creating a strict definition of bread is unnecessary, even counterproductive. “Bread is basically what your culture says it is,” says Rubel, the author of “Bread: A Global History.” “It doesn’t need to be made with any particular kind of flour.”

    Instead, he likes to focus on what bread does: It turns staple grains such as wheat, rye or corn into durable foods that can be carried into the fields, used to feed an army or stored for winter.

    Even before the first agricultural societies formed around 10,000 BCE, hunter-gatherers in Jordan’s Black Desert made bread with tubers and domesticated grain.

    Today, the descendants of those early breads showcase the remarkable breadth of our world’s food traditions.

    In the rugged mountains of Germany’s Westphalia region, bakers steam loaves of dense rye for up to 24 hours, while a round of Armenian lavash made from wheat turns blistered and brown after 30 seconds inside a tandoor oven.

    Ethiopian cooks ferment injera’s ground-teff batter into a tart, bubbling brew, while the corn dough for Venezuelan arepas is patted straight onto a sizzling griddle.

    This list reflects that diversity. Along with memorable flavor, these breads are chosen for their unique ingredients, iconic status and the sheer, homey pleasure of eating them.

    From the rich layers of Malaysian roti canai to Turkey’s seed-crusted simit, they’re a journey through the essence of global comfort food – and a reminder that creativity, like bread, is a human inheritance.

    In alphabetical order by location, here are 50 of the world’s most wonderful breads.

    Golden blisters of crisp dough speckle a perfectly made bolani, but the real treasure of Afghanistan’s favorite flatbread is hidden inside.

    After rolling out the yeast-leavened dough into a thin sheet, Afghan bakers layer bolani with a generous filling of potatoes, spinach or lentils. Fresh herbs and scallions add bright flavor to the chewy, comforting dish, which gets a crispy crust when it’s fried in shimmering-hot oil.

    02 best breads travel

    When your Armenian mother-in-law comes towards you wielding a hula hoop-sized flatbread, don’t duck: Lavash is draped over the country’s newlyweds to ensure a life of abundance and prosperity.

    Maybe that’s because making lavash takes friends.

    To shape the traditional breads, groups of women gather to roll and stretch dough across a cushion padded with hay or wool. It takes a practiced hand to slap the enormous sheets onto the inside of conical clay ovens, where they bake quickly in the intense heat.

    The bread is so central to Armenia’s culture it’s been designated UNESCO Intangible Heritage.

    03 best breads travel STORY RESTRICTED

    A traveler’s staple suited to life on the road, damper recalls Australia’s frontier days.

    It’s a simple blend of water, flour and salt that can be cooked directly in the ashes, pressed into a cast iron pan or even toasted at the end of a stick. These days, recipes often include some chemical leavening, butter and milk, turning the hearty backwoods fare into a more refined treat similar to Irish soda bread.

    04 best breads travel

    A dunk in hot oil turns soft wheat dough into a blistered, golden flatbread that’s a perfect pairing with the country’s aromatic curries.

    It’s a popular choice for breakfast in Bangladesh, often served with white potato curry, but you can find the puffy breads everywhere from Dhaka sidewalk stalls to home kitchens.

    05 best breads travel

    It’s a triumph of kitchen ingenuity that South America’s native cassava is eaten at all: The starchy root has enough naturally occurring cyanide to kill a human being.

    But by carefully treating cassava with a cycle of soaking, pressing and drying, many of the continent’s indigenous groups found a way to turn the root into an unlikely culinary star. Now, it’s the base for one of Brazil’s most snackable treats, a cheesy bread roll whose crisp crust gives way to a tender, lightly sour interior.

    06 best breads travel STORY RESTRICTED

    The fire is always lit at Montreal’s Fairmount Bagel, which became the city’s first bagel bakery when it opened in 1919 under the name Montreal Bagel Bakery.

    Inside, bakers use long, slender wooden paddles to slide rows of bagels into the wood-fired oven, where they toast to a deep golden color.

    New Yorkers might think they have a monopoly on bagels, but the Montreal version is an entirely different delicacy.

    Here, bagel dough is mixed with egg and honey, and the hand-shaped rings are boiled in honey water before baking. The result is dense, chewy and lightly sweet, and you can buy them hot from the oven 24 hours a day.

    07 best breads travel

    An influx of European immigrants brought their wheat-bread traditions to Chile in the 19th and early 20th centuries, and the country’s favorite snack has descended from that cultural collision.

    Split into four lobes, the marraqueta has a pale, fluffy interior, but the ubiquitous roll is all about the crust. Bakers slide a pan of water into the oven to achieve an addictively crispy exterior that is a favorite part of the marraqueta for many Chileans.

    It’s a nourishing part of daily life, to the extent that when a Chilean wants to describe a child born to a life of plenty, they might say “nació con la marraqueta bajo el brazo,” or “they were born with a marraqueta under their arm.”

    08 best breads travel

    Crack into the sesame-seed crust of a shaobing to reveal tender layers that are rich with wheat flavor.

    Expert shaobing bakers whirl and slap the dough so thin that the finished product has 18 or more layers. The north Chinese flatbread can then be spiked with sweet or savory fillings, from black sesame paste to smoked meat or Sichuan pepper.

    09 best breads travel

    Melted lard lends a hint of savory flavor to loaves of pan Cubano, whose fluffy crumb offers a tender contrast to the crisp, cracker-like crust.

    Duck into a Cuban bakery, and you’ll likely spot the long, golden loaf with a pale seam down the center: Some bakers press a stripped palmetto leaf into the dough before baking to create a distinctive crack along the length of the bread.

    It’s popular from Havana to Miami, but it’s only stateside that you’ll find the loaves in “Cuban sandwiches,” which are thought to have been invented during the 19th century by Cubans living in Florida.

    10 best breads travel

    Bedouin tribes travel light in Egypt’s vast deserts, carrying sacks of wheat flour to make each day’s bread in the campfire.

    While some Bedouin breads are baked on hot metal sheets, libba is slapped directly into the embers. That powerful heat sears a crisp, browned crust onto the soft dough, leaving the inside steaming and moist.

    50 best breads travel STORY RESTRICTED

    Walk the streets of San Salvador, and you’ll never be far from the toasted-corn scent of cooking pupusas.

    The griddled corn bread is both a beloved snack and a national icon.

    To make pupusas, a cook wraps a filling of cheese, pork or spiced beans into tender corn dough, then pats the mixture onto a blazing-hot griddle. A bright topping of slaw-like curtido cuts through the fat and salt for a satisfying meal.

    It’s a flavor that’s endured through the centuries. At the UNESCO-listed site of Joya de Cerén, a Maya city buried by an erupting volcano, archaeologists have found cooking tools like those used to make pupusas that date to around 600 A.D.

    11 best breads travel STORY RESTRICTED

    A constellation of bubbles pocks injera’s spongy surface, making this Ethiopian bread the perfect foil for the country’s rich sauces and stews.

    Also beloved in neighboring Eritrea and Somalia, injera is both a mealtime staple and the ultimate utensil – tear off tender pieces of moist, rolled-up bread to scoop food served on a communal platter.

    Made from an ancient – and ultra-nutritious – grain called teff, injera has a characteristically sour taste. It’s the result of a fermentation process that starts by blending fresh batter with cultures from a previous batch, then leaving the mixture to grow more flavorful over several days.

    12 best breads travel STORY RESTRICTED

    The French may frown on eating on the go, but there’s an unofficial exception for “le quignon,” the crisp-baked end of a slender baguette.

    You’re allowed to break that off and munch it as you walk down the street – perhaps because the baguette has pride of place as a symbol of French culture.

    But like some of the greatest traditions, the baguette is a relatively recent invention.

    According to Paris food historian Jim Chevallier, long, narrow breads similar to modern baguettes gained prominence in the 19th century, and the first official mention is in a 1920 price list. (French President Emmanuel Macron nonetheless argues that the baguette deserves UNESCO status.)

    13 best breads travel

    Bubbling with fresh imeruli and sulguni cheeses, khachapuri might be the country of Georgia’s most beloved snack.

    The savory flatbread starts with soft, yeasted dough that’s pinched into a boat-shaped cradle, then baked with a generous filling of egg and cheese. An elongated shape maximizes the contrast in texture, from the tender interior to crisp, brown tips. Khachapuri experts know to break off the ends for swabbing in the rich, oozing filling.

    It’s such a key feature of Georgian cuisine that the Khachapuri Index is one measure of the country’s economic welfare; and in 2019, the country’s National Agency for Cultural Heritage Preservation named traditional khachapuri as UNESCO Intangible Heritage of Georgia.

    14 best breads travel

    Pure rye flour lends these iconic north German loaves impressive heft, along with a distinctive, mahogany hue.

    The most traditional versions are baked in a warm, steamy oven for up to 24 hours. It’s an unusual technique that helps transform sugars in the rye flour, turning naturally occurring sweetness into depth of flavor.

    Pumpernickel has been a specialty in Germany’s Westphalia region for hundreds of years, and there’s even a family-owned bakery in the town of Soest that’s made the hearty bread using the same recipe since 1570.

    15 best breads travel

    Hong Kong bakers outdo each other by crafting the softest, fluffiest breads imaginable, turning wheat flour into pillowy confections.

    Pai bao might be loftier than all the rest, thanks to a technique known as the Tangzhong method.

    When mixing the wheat dough, bakers add a small amount of cooked flour and water to the rest of the ingredients, a minor change with major impact on the bread’s structural development. The results? A wonderfully tender loaf that retains moisture for days, with a milky flavor that invites snacking out of hand.

    Dökkt rúgbrauð, Iceland

    16 best breads travel STORY RESTRICTED

    The simmering, geothermal heat that powers Iceland’s geysers, hot springs and steam vents also provides a natural oven for this slow-baked Icelandic rye bread.

    Made with dark rye flour, the dough is enclosed in a metal pot before it’s buried in the warm ground near geothermal springs and other hotspots. When baked in the traditional method, dökkt rúgbrauð takes a full 24 hours to cook in the subterranean “oven.”

    It’s an ingenious use of an explosive natural resource, and in the hot-springs town of Laugarvatn, visitors can try loaves of dökkt rúgbrauð when it’s fresh from a hole in the black sand.

    17 best breads travel STORY RESTRICTED

    Flatbreads go wonderfully flaky in this whole-wheat Indian treat, which can be eaten plain or studded with savory fillings.

    Folding and rolling the dough over thinly spread fat creates sumptuous layers that are rich with flavor, employing a technique similar to that used for croissants or puff pastry.

    Stuffed wheat bread has been made in India for hundreds of years, and several varieties even get a shout-out in the “Manasollasa,” a 12th-century Sanskrit text that contains some of the earliest written descriptions of the region’s food.

    18 best breads travel

    Palm sugar and cinnamon lend a light, aromatic sweetness to roti gambang, a tender wheat bread that’s an old-fashioned favorite at Jakarta bakeries.

    The name evokes the gambang, a traditional Indonesian instrument with a resemblance to the slender, brown loaves.

    For the recipe, though, cooks look back to the colonial era: From spiced holiday cookies to cheese sticks topped with Gouda or Edam, Indonesian baking has adapted Dutch ingredients and techniques to local tastes.

    19 best breads travel

    It takes a pair of deft bakers to craft this addictive Iranian flatbread, which is cooked directly on a bed of hot pebbles.

    That blazing-hot surface pocks the wheat dough with golden blisters, and it gives sangak – also known as nan-e sangak – a characteristic chewiness.

    If you’re lucky enough to taste sangak hot from the oven, enjoy a heavenly contrast of crisp crust and tender crumb. Eat the flatbread on its own, or turn it into an Iranian-style breakfast: Use a piece of sangak to wrap salty cheese and a bundle of aromatic green herbs.

    Soda bread, Ireland

    20 best breads travel

    You don’t need yeast to get lofty bread: Chemical leavening can add air through an explosive combination of acidic and basic ingredients. While Native Americans used refined potash to leaven griddled breads – an early example of chemical leavening – this version became popular during the lean years of the Irish Potato Famine.

    With potato crops failing, impoverished Irish people started mixing loaves using soft wheat flour, sour milk and baking soda.

    Now, dense loaves of soda bread are a nostalgic treat that’s a perfect pairing with salted Irish butter.

    21 best breads travel

    If you think challah is limited to pillowy, braided loaves, think again – traditionally, challah is any bread used in Jewish ritual.

    And Jewish bakers have long made breads as diverse as the diaspora itself: Think blistered flatbreads, hearty European loaves and Hungarian confections dotted with poppy seeds.

    Israel’s modern-day bakers draw on that rich heritage. But on Friday afternoons in Tel Aviv, you’ll still spot plenty of the classic Ashkenazi versions that many people in the United States know as challah.

    Those golden loaves are tender with eggs, and shiny under a generous glaze. It’s the braid, though, that catches the eye. By wrapping dough strands together, bakers create 12 distinctive mounds said to represent 12 loaves in the ancient Temple of Jerusalem.

    22 best breads travel STORY RESTRICTED

    Between an emphasis on “ancient grains” and centuries of floury traditions, it can seem like breadmaking is stuck in the past.

    But bread is continually evolving, and there’s no better example than this iconic Italian loaf, which was only invented in the 1980s.

    In 1982, Italian baker Arnaldo Cavallari created the low, chewy loaf in defiance of the baguette-style breads he saw taking over Roman bakeries.

    It was a watershed moment in the comeback of artisanal breads, which has roots in the 1960s and 1970s backlash against the increasingly industrialized food system.

    23 best breads travel

    Pan-fried cassava cakes are delicious comfort food in Jamaica, where rounds of bammy bread are a hearty pairing for the island’s ultra-fresh seafood.

    The traditional process for making bammy bread starts with processing grated cassava to get rid of naturally occurring cyanide; next, sifted cassava pulp is pressed into metal rings.

    It’s a recipe with ancient roots – cassava has been a staple in South America and the Caribbean since long before the arrival of Europeans here, and it’s believed that the native Arawak people used the root to make flatbreads as well.

    24 best breads travel

    Yeasted wheat dough makes a convenient package for Japanese curry, turning a sit-down meal into a snack that can be eaten out of hand.

    Kare pan, or curry bread, is rolled in panko before a dunk in the deep fryer, ensuring a crispy crust that provides maximum textural contrast with the soft, saucy interior.

    Kare pan is so beloved that there’s even a crime-fighting superhero named for the savory treat: A star of the anime series “Soreike! Anpanman,” Karepanman fights villains by shooting out a burning-hot curry filling.

    25 best breads travel

    Follow the aroma of baking bread in Amman, and you’ll find bakers in roadside stalls stacking this classic flatbread into steaming piles.

    When shaping taboon, bakers press rounds of soft, wheat dough over a convex form, then slap them onto the interior of a conical clay oven.

    What emerges is a chewy round that’s crackling with steam, wafting a rich smell of grain and smoke. It’s the ideal foil for a plate of Jordanian mouttabal, a roasted eggplant dip that’s blended with ground sesame seeds and yogurt.

    26 best breads travel STORY RESTRICTED

    Roti flatbread may have arrived in Malaysia with Indian immigrants, but the country’s made the flaky, rich bread their own.

    When cooked on a hot griddle, roti canai puffs into a stack of overlapping layers rich with buttery flavor. Irresistible when served with Malaysian dips and curries, roti canai becomes a meal all its own with the addition of stuffings from sweet, ripe bananas to fried eggs.

    27 best breads travel

    The tawny crust of Malta’s sourdough gives way to a pillow-soft interior, ideal for rubbing with a fresh tomato or soaking up the islands’ prized olive oils.

    Classic versions take more than a day to prepare, and were traditionally baked in shared, wood-fired ovens that served as community gathering places.

    Even now that few Maltese bake their own bread, Ħobż tal-Malti has a powerful symbolism for the Mediterranean island nation.

    When trying to discover someone’s true nature, a Maltese person might ask “x’ħobz jiekol dan?,” literally, “what kind of bread does he eat?”

    28 best breads travel STORY RESTRICTED

    Thin rounds of corn dough turn blistered and brown on a hot comal, the traditional griddles that have been used in Mexico since at least 700 BCE.

    Whether folded into a taco or eaten out of hand, corn tortillas are one of the country’s most universally loved foods. The ground-corn dough is deceptively simple; made from just a few ingredients, it’s nonetheless a triumph of culinary ingenuity.

    Before being ground, the corn is mixed with an alkaline ingredient such as lime, a process called nixtamalization that makes the grain more nutritious and easier to digest.

    29 best breads travel STORY RESTRICTED

    Follow the rich scent of baking bread through a Moroccan medina, and you may find yourself at one of the communal neighborhood ovens called ferran. This is where locals bring rounds of tender wheat dough ready to bake into khobz kesra, one of the country’s homiest breads.

    The low, rounded loaves have a slightly crisp exterior that earns them pride of place on the Moroccan table, where their fluffy texture is ideal for absorbing aromatic tajine sauce.

    30 best breads travel

    Golden, crisp rounds of fry bread are a taste of home for many in the Navajo Nation, as well as a reminder of a tragic history.

    When Navajo people were forced out of their Arizona lands by the US government in 1864, they resettled in New Mexican landscapes where growing traditional crops of beans and vegetables proved difficult.

    To survive, they used government-provided stores of white flour, lard and sugar, creating fry bread out of stark necessity.

    Now, fry bread is a symbol of perseverance and tradition, and a favorite treat everywhere from powwows to family gatherings.

    Tijgerbrood, Netherlands

    31 best breads travel

    Putting the “Dutch” in Dutch crunch, tijgerbrood is a crust-lover’s masterpiece in every crispy bite.

    To create the mottled top of tijgerbrood, bakers spread unbaked loaves of white bread with a soft mixture of rice flour, sesame oil, water and yeast.

    Heat transforms the exterior into a crispy pattern of snackable pieces, and loaves of tijgerbrood are beloved for sandwiches. (An ocean away from Amsterdam’s Old World bakeries, San Francisco has made Dutch crunch its sandwich bread of choice as well.)

    Rēwena parāoa, New Zealand

    32 best breads travel

    When European settlers brought potatoes and wheat to New Zealand, indigenous Maori people made the imported ingredients their own with this innovative bread.

    To mix the dough, potatoes are boiled then fermented into a sourdough-like starter that gives the finished bread a sweet-and-sour taste.

    Now, rēwena parāoa is a favorite treat when layered with butter and jam or served with a hearty portion of raw fish, a longtime delicacy for Maori people.

    33 best breads travel

    If you don’t think of northern Europe as flatbread country, you haven’t tasted lefse.

    The Norwegian potato flatbread is a favorite at holidays, when there are many hands to roll the soft dough with a grooved pin, then cook it on a hot griddle. For a taste of Norwegian comfort food, eat a warm lefse spiraled with butter, sugar and a dash of cinnamon.

    While potatoes are just an 18th-century addition to the Norwegian diet, Scandinavian flatbread is at least as old as the Vikings.

    Podplomyk, Poland

    34 best breads travel

    Slather a hot round of podplomyk with white cheese and fruit preserves for a taste of old-fashioned, Polish home cooking.

    The unyeasted flatbread is blistered brown. With ingredients limited to wheat flour, salt and water, podplomyk is a deliciously simple entry in the sprawling family tree of flatbreads.

    Since dough for podplomyk is rolled thin, it was traditionally baked before other loaves are ready for the oven. In the Middle Ages, the portable breads were shared with neighbors and household members as a sign of friendship. (Today, that tradition is carried on with the exchange of oplatek wafers at Christmastime.)

    35 best breads travel

    Corn and buckwheat are stone-milled, sifted and kneaded in a wooden trough for the most traditional version of this hearty peasant bread from northern Portugal.

    When the loaves are baked in wood-fired, stone ovens, an archipelago of floury crust shards expands over deep cracks. The ovens themselves are sealed with bread dough, which acts as a natural oven timer: The bread is ready when the dough strips turn toasty brown.

    Europeans didn’t taste corn until they arrived in the Americas, but it would be eagerly adopted in northern Portuguese regions where soil conditions are poorly suited to growing wheat.

    36 best breads travel

    Bread baking becomes art on Russian holidays, when golden loaves of karavai are decked in dough flowers, animals and swirls.

    The bread plays a starring role at weddings, with elaborate rules to govern the baking process: Traditionally, a happily married woman must mix the dough, and a married man slides the round loaf into the oven.

    Even the round shape has an ancient symbolism and is thought to date back to ancient sun worship. Now, it’s baked to ensure health and prosperity for a new couple.

    37 best breads travel

    Once part of the Kingdom of Piedmont-Sardinia, this mountainous island’s cuisine remains distinct from mainland Italy. Among the most iconic foods here is pane carasau, parchment-thin flatbread with a melodic nickname: carta de musica, or sheet music.

    While pane carasau starts like a classic flatbread, there’s a Sardinian twist that makes it an ideal traveling companion; after the flatbreads puff up in the oven, they’re sliced horizontally into two thinner pieces. Those pieces are baked a second time, drying out the bread enough to last for months.

    38 best breads travel

    Warm squares of Serbian proja, or cornbread, are a favorite accompaniment to the country’s lush meat stews.

    It’s a homey dish that’s often cooked fresh for family meals, then served hot from the oven. Ground corn offers a lightly sweet foil to salty toppings, from salty kajmak cheese to a scattering of cracklings.

    39 best breads travel

    There’s buried treasure within every loaf of gyeran-ppang, individually sized wheat breads with a whole egg baked inside.

    Translating simply to “egg bread,” gyeran-ppang is a favorite in the streets of Seoul, eaten hot for breakfast – or at any other time of day.

    The addition of ham, cheese and chopped parsley adds a savory twist to the sweet-and-salty treat, a belly-warming snack that keeps South Korea fueled through the country’s long winters.

    40 best breads travel

    A thin, fermented batter of rice flour and coconut milk turns crisp in the bowl-shaped pans used for cooking appam, one of Sri Lanka’s most ubiquitous treats.

    Often called hoppers, this whisper-thin pancake is best eaten hot – preferably while standing around a Colombo street food stall.

    Favorite toppings for appam in Sri Lanka include coconut sambal and chicken curry, or you can order one with egg. For egg hoppers, a whole egg is cracked into the center of an appam, then topped with a richly aromatic chili paste. Appam is also popular in southern India.

    Kisra, Sudan and South Sudan

    41 best breads travel STORY RESTRICTED

    Overnight fermentation lends a delicious tang to this Sudanese flatbread, balancing the mild, earthy flavor of sorghum flour with a tart bite.

    Making the crepe-like kisra takes practice and patience, but perfect the art of cooking these on a flat metal pan and you’ll be in for a classic Sudanese treat.

    Like Ethiopian injera, kisra is both staple food and an edible utensil – use pieces of the spongy bread to scoop up spicy bites of the hearty stews that are some of Sudan’s most beloved foods.

    42 best breads travel STORY RESTRICTED

    Before commercial yeast was available, brewers and bakers worked in tandem: Brewers harvested yeast from their batches of beer, passing it off to bakers whose bread would be infused with a light beer flavor.

    That legacy lives on in Sweden’s vörtlimpa: Limpa means loaf, while vört refers to a tart dose of brewer’s wort. Known as limpa bread in English, the light rye now gets acidity from orange juice, not brewers wort.

    43 best breads travel STORY RESTRICTED

    Crops of cold-hardy barley have thrived on the Tibetan Plateau for thousands of years, and the grain has long been a staple of high-altitude diets there.

    While balep korkun is often made with wheat, traditional versions of this flatbread are shaped from tsampa, a roasted barley flour with nutty flavor.

    That rich-tasting flour is so central to Tibetan identity that it’s been turned into a hashtag and been called out in rap songs. (The Dalai Lama even eats it for breakfast.)

    44 best breads travel STORY RESTRICTED

    Dredged in sesame seeds and spiraled into rings, simit might be Turkey’s ultimate on-the-go treat.

    A few decades ago, vendors wound through the Istanbul streets carrying trays piled high with the breads, but roving bread-sellers are now rare in the capital.

    Instead, commuters pick up their daily simit at roadside stands, where the deep-colored rings are stacked by the dozen. A burnished crust infuses the breads with a light sweetness – before sliding into wood fired ovens, simit is dunked in sugar-water or thinned molasses, a slick glaze that turns to caramel in the intense heat.

    45 best breads travel

    Yeasted wheat batter bubbles into a spongy cake for this griddled treat, a British favorite when smeared with jam, butter or clotted cream.

    Ring molds contain the pourable batter on an oiled griddle, which cooks one side of each crumpet to a golden hue. Like Eastern European zwieback and crisp rusks, crumpets are mostly eaten as a twice-baked bread – the rounds are split and toasted before serving.

    46 best breads travel STORY RESTRICTED

    Smeared with butter or dripping in gravy, biscuits are one of the United States’ homiest tastes. That’s not to say they’re easy to make: Achieving soft, fluffy biscuits requires quick hands and gentle mixing.

    In the antebellum South, biscuits were seen as a special treat for Sunday dinner. These days they’re nearly ubiquitous, from gas station barbecue joints to home-cooked meals.

    Part of the secret is in the flour, typically a low-protein flour like White Lily. The soft wheat used for White Lily was long grown in Southern states – before long-distance food shipping. (It’s now milled in the Midwest.)

    47 best breads travel

    Flatbreads become art in Uzbekistan’s traditional tandoor ovens, which turn out rounds adorned with twists, swirls and stamps.

    Uzbek non varies across regions, from Tashkent’s chewy versions to Samarkand loaves showered in black nigella seeds. As soon as the breads emerge from the oven, they’re turned over to a swarm of bicycle messengers who ferry the hot loaves to markets and cafes.

    48 best breads travel

    Areperos – Venezuelan arepa-makers – pat golden rounds of corn dough onto hot griddles to give the plump flatbreads a deliciously toasted crust and tender, steaming interior.

    Arepas have been made in Venezuela and surrounding regions since long before the arrival of Europeans in South America, and the nourishing corn breads can range from simple to elaborate.

    At breakfast, try them split and buttered. Stuffed with savory fillings, creamy sauces and fiery salsa, arepas can become a hearty meal all their own.

    49 best breads travel

    A family tree of flatbreads stretches across the Middle East and beyond, but Yemen’s Jewish community’s version is a richer treat than most.

    To make malawach, bakers roll wheat dough into a delicate sheet and fold it over a slick of melted butter. The dough is twisted into a loose topknot, then re-rolled, sending veins of butter through overlapping layers.

    When the pan-fried dough emerges steaming from the stovetop, a final shower of black nigella or sesame seeds add texture and savory crunch.

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  • Indonesia 2024 election results show Prabowo Subianto ahead, so who is the former army commander?

    Indonesia 2024 election results show Prabowo Subianto ahead, so who is the former army commander?

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    Indonesia, one of the world’s largest democracies, and the biggest predominantly Muslim one, is about to get a new leader. It’s a young, vibrant democracy — half of the nation’s 205 million registered voters are under 40. After polls closed on Monday the huge job of counting ballots got under way across the thousands of islands that make up the Indonesian archipelago.

    Who is front-runner Prabowo Subianto?

    Indonesia’s current Defense Minister, Prabowo Subianto, was ahead in the polls before the vote and had a commanding lead in unofficial results Monday. With about 70% of the ballots counted, the 72-year-old former army general appeared to have captured around 58% of the vote. If he holds that lead, and gets more than 50% in the final tally, he will avoid a runoff with an outright win.

    A wealthy former military man with close ties to the current government, this is Subianto’s third bid for the presidency.

    Polls open across Indonesia to elect new leaders
    Presidential candidate Prabowo Subianto shows his ink-dipped fingers after casting his ballot papers at a polling station in Curug-Bojong Koneng Village, West Java, Indonesia, Feb. 14, 2024.

    Eko Siswono Toyudho/Anadolu/Getty


    He’s a controversial figure, having served as a top commander under Indonesia’s former long-time dictator Suharto. Subianto was accused of human rights abuses during that period, and was even barred from entering the U.S. at one point during the 1990s.

    In 1998, he was dishonorably dismissed from the army after being linked to the abduction of more than 20 student democracy activists — 13 of whom have never been found.

    Subianto’s social media rebranding

    Ahead of this year’s elections, the former army commander underwent a remarkable makeover, largely via TikTok, which was hugely influential in the campaign.

    Subianto used the platform to re-brand himself as a cuddly, cat-loving grandfather — and one who isn’t ashamed to cut some pretty awkward dad-dance moves onstage at rallies.

    The new image appears to have won over a decisive number of young Indonesian voters, many of whom may not remember his previous incarnations.

    What kind of leader would Subianto be?

    Indonesia has been on something of an economic roll. The relatively small island nation has become a huge and vital supplier of nickel to the electric vehicle industry worldwide. It also produces palm oil, which is used in a wide array of food products.

    Indonesia has managed to keep good relations with both China and the U.S., even participating in military exercises with the U.S. and its regional allies while keeping Chinese foreign investment flowing into a whole range of development projects.

    Subianto has said he’s committed to remaining on good terms with both superpowers.

    But Subianto’s critics warn that, at heart, he is a right-wing populist.

    He has always denied wrong-doing linked to his time commanding Indonesian security forces, but he’s also said that Indonesia needs an authoritarian leader, and suggested it would be a good idea to abolish presidential term limits.

    Democracy activists warn that Subianto is Indonesia’s next authoritarian strongman just waiting to happen.

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  • ‘Nothing left’: Indonesia’s tourism industry fears wipeout under tax hike

    ‘Nothing left’: Indonesia’s tourism industry fears wipeout under tax hike

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    Jakarta, Indonesia –  After spa therapist Murniyati survived COVID-19 on a sparse salary, she thought the worst was over.

    But after the Indonesian government’s announcement of a steep rise in taxes on entertainment services, she fears the salon where she works could be forced to close, leaving her unemployed.

    “My husband is just a taxi driver so our combined income is low. Our life, my life, depends on him and me,” she told Al Jazeera.

    Murniyati is just one of the countless workers across Indonesia who could be affected by the plans to apply a 40-75 percent tax rate to entertainment services such as spas, bars, nightclubs and karaoke joints.

    The proposed hike has sparked a fierce backlash from businesses, including a court challenge by spa owners in Bali.

    Hariyadi Sukamdani, the chairman of the Indonesian Hotel and Restaurant Association, said in a press conference last month that the changes would lead to job losses in an “industry that absorbs a significant amount of labour and does not require higher education, making it essential for the general population”.

    Amid the blowback, the government announced it would delay the hike pending an evaluation.

    “We will collectively assess what the impact [of a higher entertainment tax] would be, especially for small business owners,” Coordinating Maritime Affairs and Investment Minister Luhut Binsar said last month.

    Sofie Sulaiman, 55, left, said the spa worked hard to keep all of their staff during the pandemic, but they are not sure if they could get through a tax hike [Madeline Croad/Al Jazeera]

    Still, Sofie Sulaiman, Murniyati’s manager at Jamu Body Treatments in Jakarta, is angry.

    The spa provides jobs for many women, all of whom are from less well-off backgrounds. Many of them are widows and single mothers, and most have been working at the spa for more than 20 years.

    Sulaiman said her business would need to cover the cost of the tax hike, as it is too high to pass on to customers.

    “Our market is teachers. It’s not businessmen, it’s not tourists, it’s not honeymooners who spend money when they travel. They are just teachers, they are just housewives,” Sulaiman told Al Jazeera.

    Sulaiman said it would be impossible to make a profit under the new tax regime.

    “We will sacrifice ourselves,” Sulaiman said, adding that she might have to close down. “There is nothing left after that.”

    Revenue and incentives

    Bhima Yudhistira, an economist from the Center of Economic and Law Studies, said the tax hike could boost revenue for local governments and provide greater autonomy to communities, but the lack of consultation had left officials divided.

    “Some local governments which have huge tourism spots such as Bali see this as not a potential for revenue, they see this as a new tax burden after COVID-19,” Yudhistira told Al Jazeera. “They will lose because the number of tourists will drop and businesses will be affected.”

    COVID-19 had a devastating effect on Indonesian businesses and workers, with 2.67 million jobs lost in 2020 and more than 30 million micro, small and medium enterprises (MSMEs) forced to close during the pandemic, according to the national statistics office.

    Yudhistira
    Other countries such as Thailand, Singapore and Malaysia could be new options for tourists, Yudhistira thinks, which could be another attack on Indonesia’s entertainment industry post-Covid [Madeline Croad/Al Jazeera]

    Under the planned tax revision, the rate is set by each local government, making November’s local elections especially important, said Yudhistira, who is sceptical about the government’s promise to provide relief measures and incentives to affected businesses.

    He believes businesses could be “cherry-picked” depending on their political connections.

    “We see that many of the local government incentives previously didn’t work well … The industry owners or business owners that have strong connections to the local government leaders, to the governors, they have incentives.”

    Indonesia has made a name for itself as an affordable destination, but some government officials have expressed their hope that higher costs will drive away visitors on a budget in favour of high-spending tourists.

    Gabby Walters, an associate professor of tourism and business at the University of Queensland, said that such an approach would be a mistake.

    More than one million Australians visited Bali last year, most of them looking for a cheap, fun holiday. They made up a quarter of all tourist arrivals, making them the largest visitor group, according to official statistics.

    “[Australian] Bali tourists want alcohol, they want to party, so you’ve seen a rise of beach clubs, nightclubs and that’s not what the high-yielding tourists are after,” Walters told Al Jazeera. “The way that the Bali tourism industry is structured, it’s set up to encourage and cater for that market.”

    It is a market that could be put off by higher prices, at a time when tourism numbers are only just over half of what they were before the pandemic, Walters said.

    “If there’s going to be a 40-75 percent increase to buy a drink in a bar or go to a nightclub or have a massage, then people are definitely going to look elsewhere,” Walters said, noting that other destinations in the region have been cutting taxes.

    Thailand dropped a related tax to five percent to attract tourists and has seen a boom in arrivals. More than 28 million tourists visited the country last year, while Indonesia attracted just over nine million.

    Moving forward, Sulaiman is unsure about the future of her spa, but she knows that shutting up shop and leaving her staff unemployed is a possibility.

    She is confused, like many others in the industry, about the lack of consultation.

    “I don’t think in any other country, you would find this kind of hike in tax,” she said. “They have never invited us to have a discussion.”

    Yudhistira said the tax revisions were made too quickly, with those most affected left out of the conversation. He thinks there are other ways to increase local government revenue without damaging the entertainment industry.

    “The burden for the entertainment industry is high, the number of laid-off workers … Instead of increasing the entertainment tax they should increase the other local government tax,” he said.

    Spa manager and therapist Murniyati. She is sitting at the spa's reception desk. There is a pot of white orchids on the desk and ornately carved wooden doors behind
    Spa therapist and receptionist in Jakarta, Murniyati, 36, said if she loses her job, her family will struggle to afford to live [Madeline Croad/Al Jazeera]

    With the outcome of the government’s tax plans unclear, legal appeals pending and local elections looming, the future of the entertainment industry is uncertain.

    For workers like Murniyati, so are their livelihoods.

    “Our lives depend on our jobs. We are worried,” she said.

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  • Boeing woes spark painful memories for families of Indonesian crash victims

    Boeing woes spark painful memories for families of Indonesian crash victims

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    Medan, Indonesia – For Neuis Marfuah, the recent near-catastrophe involving a 737 Max plane flown by Alaska Airlines brought back painful memories and anger.

    Her daughter, 23-year-old Vivian Hasna Afifa, was killed when Lion Air Flight 610 crashed into the Java Sea in Indonesia on October 29, 2018, killing all 189 people on board.

    “How could this have happened? I can’t stop thinking about it,” Marfuah told Al Jazeera.

    On Thursday, the US Federal Aviation Administration (FAA) said that it had approved the Boeing 737 Max 9 to return to service after more than 170 of the aircraft were grounded on January 6, the day after a panel on Alaska Airlines Flight 1282 blew out at 14,000 feet with 177 people on board.

    The FAA’s “exhaustive” review gave the watchdog the confidence to “proceed to the inspection and maintenance phase”, FAA administrator Mike Whitaker said in a statement that outlined “unacceptable” quality assurance issues.

    No one was killed or injured in the incident, but for Marfuah, the news of the near-disaster was hard to bear.

    “It should have been enough after the events in Indonesia and Ethiopia to decide to stop operating the Max 737 aircraft once and for all,” Marfuah said.

    Less than five months after the Lion Air crash in Indonesia, Ethiopian Airlines Flight 302 crashed six minutes after takeoff from Addis Ababa Airport en route to Kenya, killing all 157 people on board.

    Following the Lion Air and Ethiopian Airlines crashes, a US congressional report found that Boeing operated a “culture of concealment” and that the 737 Max planes were “marred by technical design failures”, including issues with the Maneuvering Characteristics Augmentation System (MCAS).

    MCAS is a flight-stabilisation programme on newer 737 Max models that is designed to automatically stop a plane from going into a stall, although this was not clearly communicated to pilots flying the planes.

    On Lion Air Flight 610, a sensor on the outside of the plane malfunctioned and indicated that the nose of the plane was too high and that the aircraft was at risk of stalling, causing the MCAS to automatically force the plane down to avoid a potential stall and crash into the sea.

    MCAS also malfunctioned on Ethiopian Airlines Flight 302, prompting Boeing to make changes so that it now “operates in unusual flight conditions only and now relies on two sensors, activates only once and never overrides pilots’ ability to control the airplane”.

    189 people died on Lion Air Flight 610 [File: Willy Kurniawan?Reuters]

    After an investigation into the near-miss involving Alaska Airlines Flight 1282, the airline found that the panel that blew off had been removed, repaired and reattached by Boeing mechanics.

    Alaska Airlines CEO Ben Minicucci said in an interview aired by NBC News on Wednesday that an in-house inspection found that “many” of the 737 Max 9 aircraft had loose bolts.

    “Really, an airplane exploded in mid-air in one section,” Dennis Tajer, spokesperson for the Allied Pilots Association union and a 737 Max 8 pilot with more than three decades of experience, told Al Jazeera.

    “It was an explosive depressurisation of the plane, which is all-encompassing and terrifying. This has taken trust in Boeing and absolutely crushed it again.”

    In the three weeks since the Alaska Airlines incident, Boeing has lost nearly one-fifth of its market capitalisation.

    After a meeting with US senators on Wednesday, Boeing CEO Dave Calhoun told reporters that the company does not “put airplanes in the air that we don’t have 100 percent confidence in”.

    Anton Sahadi, whose wife lost her two 24-year-old cousins, Riyan Aryandi and Ravi Andrian, on Lion Air Flight 610, described the latest incident involving the Boeing 737 Max incident as “saddening”.

    “As a family member of and spokesperson for the victims of the Lion Air plane crash, I was very concerned to hear the Alaska Airlines news, remembering that 189 people were victims of the Lion Air crash in Indonesia,” Sahadi told Al Jazeera.

    boeing
    The Boeing 737 Max 8 was involved in fatal crashes in 2018 and 2019 [File: Tiksa Negeri/Reuters]

    Like Tajer, Sahadi said the latest incident had shaken his trust in Boeing’s planes.

    “I am increasingly doubtful about the 737 Max planes and I think there must be serious action taken by the aircraft certifier before they are ready to be sold and used commercially,” he said.

    “It is playing with people’s lives and safety. It should be a serious concern for operators and Boeing passengers.”

    In a statement provided to Al Jazeera on Tuesday, Stan Deal, president and CEO of Boeing Commercial Airplanes, said: “We have let down our airline customers and are deeply sorry for the significant disruption to them, their employees and their passengers.”

    On Wednesday, Boeing released another statement in which it said it would “continue to cooperate fully and transparently with the FAA and follow their direction as we take action to strengthen safety and quality at Boeing”.

    But Tajer, the Allied Pilots Association spokesperson, said that “trust in Boeing continues to erode” despite the planes being cleared to fly.

    “This is not just a case of everyone waking up, people have been watching Boeing closely for some time and they built an airplane based on executive excuses and exemptions,” he said.

    It is not just the 737 Max that has been in the spotlight following the Alaska Airlines incident.

    On January 18, a Boeing cargo plane made an emergency landing in Florida after the engine caught fire and, on January 20, a nose wheel fell off a Delta Air Lines Boeing 757 flight that was about to take off from Atlanta’s international airport.

    “If I had made as many mistakes as Boeing, I would not have a pilot’s licence,” Tajer said.

    “We are watching closely and we are not happy. We are going to get through this and we will keep people safe, but we are being asked to cover for Boeing’s failures. Enough is enough. Engineer your planes like lives depend on it, because they do.”

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  • AC Ventures closes its new $210M Indonesia-focused fund | TechCrunch

    AC Ventures closes its new $210M Indonesia-focused fund | TechCrunch

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    In the middle of a long funding winter, AC Ventures’ latest news will give Southeast Asian startups hope.

    The Jakarta, Indonesia–based venture firm announced today it has raised $210 million, finishing the final close on its fifth fund, called ACV Fund V. Limited partners include the World’s Bank’s IFC and investors from the United States, the Middle East and North Asia. More than 50% of the fund came from returning LPs and institutional capital makes up over 90% of its total.

    AC Ventures has already started investing from Fund V in startups like Indonesian electric vehicle maker MAKA Motors and sustainable farming startup Koltiva. The firm now has over $500 million in assets under management across its five funds. Fund V will add around 25 companies to AC Ventures’ current portfolio of 120 startups. Its check size will range between $2 million and $5 million but depends on investment opportunities. For example, startups that are growing quickly and align with AC Ventures’ impact goals might get a check of around $20 million to $30 million.

    When asked what raising Fund V was like during the ongoing funding slowing down, co-founder and managing partner Adrian Li tells TechCrunch “2023 was a challenging time for venture and technology businesses in the context of fundraising, perhaps one of the toughest in the past decade.” On the other hand, AC Ventures found new and returning limited partners who saw the same upside in Indonesia and Southeast Asia as it oes.

    “Our limited partners share a firm belief that challenging times often yield the best investment opportunities,” Li says. “We have strong confidence that our latest fund will prove to be one of the best vintages, thanks to Indonesia’s ongoing, long-term demographic trends and robust economic fundamentals.” He adds that over the past year, the AC Ventures team has met more high-quality teams that prioritize profitability and are available for investment at good valuations than in the past.

    AC Ventures invests across Southeast Asia, but Indonesia is at the top of its investment strategy because the country represents 40% of the region’s economy. Jakarta’s economy is expected to grow to $360 billion by 2030 and the country has pro-investment policies, including initiatives and reforms to make its digital economy stronger. AC Ventures co-founder and managing partner Michael Soerijadji says Indonesia’s economic growth is driven in large part by private consumption, plus manufacturing, services and exports.

    For Fund V, Li said the firm is especially interested in fintech, e-commerce, health tech, MSME enablement and climate. The team is also excited by startups that address consumers in areas like online retail, consumer services and consumption upgrades as digital adoption continues to grow.

    “We believe there’s substantial business potential that can tap into these changing patterns and offer unique, value-driven solutions to Indonesian consumers which can not only displace incumbents but drive new markets as well,” Li says.

    AC Ventures works with its startups by supporting their business development and strategic partnerships, giving them advice on finding talent, government relations, financial planning and fundraising. It also advises them on marketing, PR and ESG.

    One of AC Ventures’ priorities is investing in firms that have high environmental and social impacts. It says that its third fund, Fund III, had an overall impact ratio of +37% as measured by Finland’s The Upright Project, putting it above the Nasdaq Small Cap Index average of +29%. Managing partner Helen Wong says that when AC Ventures looks at startups, it runs baseline assessments across four areas: environment, health, society and knowledge.

    It also strongly encourages gender parity. Fifty percent of its leadership are women, and in its portfolio, 41% of C-level leaders are also women. Wong says AC Ventures is a signatory of the UN’s Women’s Empowerment Principles and IFC’s Invest2Equal program. It encourages its companies to take an inclusive approach to hiring and developing leadership and has hosted events with LPs like IFC to facilitate networking and mentorship for female founders.

    “Showcasing the success stories of female-led startups in our portfolio is another key aspect,” she says. “It sets powerful examples for others to follow.”

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    Catherine Shu

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