Metals tariff rocks auto industry, and Trump smiles on bribes in foreign deals
While yesterday’s announcement of 25% tariffs on steel and aluminium imports to the US took ...
On the surface, this week’s announcement that DP World will invest $7.5bn into Indonesian container ports, in partnership with the Indonesia Investment Authority (INA), is welcome in an archipelago nation beset by high logistics costs.
Scratch a little deeper, however, and it highlights a complex web of Jakartian polititicking, vested interests and corruption that has held back Indonesia’s much-needed infrastructure development.
The story begins with populist president Joko Widodo’s election in 2014. Also known as Jakowi, the ex-furniture exporter saw the huge potential ...
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