Nippon Steel touted the $14.9 billion deal as a lifeline for its rusting US rival, but opponents warned that the Japanese firm would slash jobs -- despite assurances to the contrary.

Indonesian banks can expect to face challenges in 2025 similar to what they experienced last year, but these also present opportunities for innovative, proactive measusres to strengthen their position in the global financial ecosystem.

Nippon and US Steel blasted Biden's decision, calling it a "clear violation of due process" and a political move, and saying they would "take all appropriate action" to protect their legal rights.

The fees for some digital services, primarily premium subscriptions, have been subject to a 12% VAT since Wednesday, when the new rate went into effect.

Domestic carrier Pelita Air and flag carrier Garuda are both planning to expand their fleets this year as the SOEs Ministry aims to consolidate state-owned airlines by mid-2025 in a bid to cut costs.

The Industry Ministry is set to meet with an Apple executive on Jan. 7-8 to hash out a new deal so the US tech giant can sell the iPhone 16 to Indonesian consumers by complying with local content rules, with a possibility for the investment ministry to take the lead if it opts to set up a local production factory instead.

Elon Musk's EV company reported 495,570 fourth-quarter deliveries. While that represented a quarterly record, it lagged Wall Street estimates and resulted in full year-sales of just under 1.8 million vehicles.

The factory is set to have an annual production capacity of 20,000 batteries.

The four-day promotion, running from Jan. 4-7, applies to several iPhone models when purchased using specific payment methods, according to its website. 

Despite multiple invitations, the tech giant’s designated negotiator, Nick Ackman, has yet to come to Indonesia for any meetings, frustrating officials eager to finalize the deal.

Japan's Nippon Steel has proposed giving the US government veto power over any potential cuts to US Steel's production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring the American steelmaker, a source familiar with the matter said on Tuesday.

The state electricity company expects to incur earning losses of over $600 million from the government's 50 percent discount for certain residential consumers to soften the impact of the VAT hike in January.

Under the proposed structure, Pelindo, which manages numerous ports across the archipelago, will act as the holding company, while Pelni and ASDP will become business units.

President-elect Donald Trump has urged the US Supreme Court to pause implementation of a law that would ban popular social media app TikTok or force its sale, arguing he should have time after taking office to pursue a "political resolution" to the issue.

Federal prosecutors in Brazil are weighing possible criminal action after labor inspectors found 163 Chinese workers "in slave-like conditions" at the construction site in the northeast state of Bahia, a government statement said.

The government has discussed collaboration with state-owned arms manufacturer PT Pindad to make equipment and machinery aimed at strengthening food security.  

Founder Andanu Prasetyo says he remains comfortable with keeping Tuku bootstrapped for now as he prefers to maintain control over his coffee-to-go start-up.

The exploration project would allow the company to tap into 55 megawatts (MW) of geothermal energy reserve potential in the area.

Honda and Nissan are expected on Monday to announce the start of business integration talks, two people familiar with the matter told Reuters, as the carmakers strive to survive a rapidly changing industry landscape.

"The root cause is coming from the factory and it is affecting the reputation and brand of Malaysia Airlines," Chief Executive Officer Izham Ismail was quoted as saying in the New Straits Times on Sunday

Coal mining firms in Indonesia are spending billions of dollars on deals and raising budgets for new projects in a bet on the energy transition amid growing pressure to move away from the dirty fuel.

Google late Friday countered a US call to sell its Chrome browser, suggesting a judge address antitrust concerns by barring the firm from making favorable treatment of its software a condition of licensing.

The Supreme Court has rejected an appeal by publicly-listed textile company PT Sri Rejeki Isman (Sritex), upholding the Semarang Commercial Court’s decision to declare the company bankrupt on Oct. 23.

GoTo Group’s on-demand service Gojek reaffirms its #AmanBersamaGojek (#SafeWithGojek) commitment by strengthening initiatives and collaborating with more parties.

Publicly listed production house MVP has announced a plan to expand its film distribution services to new markets in Latin America and Europe.

Vietnamese e-taxi brand Xanh SM has marked its Indonesian debut by launching its maiden fleet in Jakarta on Thursday, with plans to operate 10,000 EVs by next year and a possible expansion to Bali.

As the year draws to a close, PT GoTo Gojek Tokopedia Tbk’s (GoTo) on-demand service platform Gojek has launched the Yuk Libur campaign.