Economy

Facebook's US stock price, which continued its steady climb up to a high of US$194 per share in early February, suddenly tumbled, reversed course and descended to a low of US$157 per share by April 6.

Indonesia and Turkey are fighting over the location for the Mega Islamic Bank. The Islamic Development Bank is offering a number of options.

THE government is again requiring Pertamina to distribute Premium fuel in Java, Madura and Bali.

Private manufacturing industries are not allowed to dominate upstream-to-downstream water exploitation. The industry of bottled drinking water is getting desperate.

History records a chilling pattern of international relations. When a new power challenges a dominant one, it is very likely to result in war.

Transportation Minister Budi Karya Sumadi has vowed to take tougher actions as the app-based online transportation regulation is still stuck in limbo since it was issued last year.

The government plans to force online app-based companies to act as transportation companies. The regulations, however, keep on changing.

Grab and Go-Jek are the only survivors in the ride-hailing business competition. The battle will spread to Southeast Asia.