US tech giant Microsoft has announced plans to invest US$1.7 billion in Indonesia to develop an artificial intelligence ecosystem and nurture the digital talents of 840,000 people in the next four years.

Indosat Ooredoo Hutchison (IDX: ISAT) has today announced its results for the first quarter of 2024, reporting outstanding financial and operational performance.

PT GoTo Gojek Tokopedia posted a first-quarter underlying loss of Rp 102 billion (US$6.28 million) on Monday but said it was on track for profitability, helped by its partnership with TikTok.

“Whenever I hear there is a problem in a community, we want to aid them immediately. The thing is, giving help to the community involves many aspects to consider, and therefore we have to prioritize according to our available resources, budget constraints, human resource constraints and so on,” said Fifi Pangestu, the executive director of Bakti Barito Foundation.

A private jet linked to Tesla CEO Elon Musk landed in Beijing on Sunday, a flight tracking app showed, as two people with knowledge of the matter said the billionaire was kicking off a surprise visit to the automaker's second-biggest market.

The snub came one day after BHP formally announced its colossal bid, which aims to create the world's biggest-listed copper producer and reshape the global mining sector.

The National Highway Traffic Safety Administration (NHTSA) said it was opening an investigation after the agency identified concerns due to crash events after vehicles had the recall software update installed "and results from preliminary NHTSA tests of remedied vehicles."

The Indonesian government through the Trade Ministry has affirmed that the integration of e-commerce platform Tokopedia with TikTok Shop into Shop Tokopedia is in line with Trade Ministry Regulation (Permendag) No. 31/2023.

The company founded by Mark Zuckerberg said that net profit in the January to March period rose to $12.4 billion with total revenue, mainly from selling ads, up an impressive 27 percent, at $36.5 billion.

Net profit still grew by 3 percent yoy to Rp 1.45 trillion, compared with the same period last year, thanks to cost-cutting measures.

State-owned fertilizer producer Pupuk Indonesia signed a heads of agreement (HoA) with Brunei Fertilizer Industries (BFI) to advance the development of the ammonia and urea fertilizer industry.

United Tractors plans to use $1 billion of its capex budget for the mining and coal mining contractor sector.

Fernandes, 59, a pioneer of Southeast Asia's budget carrier sector who is often compared to British tycoon Richard Branson, said in January that he intended to step aside within the next five years after more than two decades at the helm.

Citroen is eyeing EV incentives that the government has set up for foreign car manufacturers.

Southeast Asia’s first HSR project cost around US$7.3 billion by the time of its completion, leaving state-owned enterprises (SOEs) involved in the project with a liability of $4.55 billion in debt taken out since 2017, plus another $560 million to cover a cost overrun last year, Reuters reported.

The US Senate voted late Tuesday by a wide margin to send legislation to President Joe Biden that would require Chinese owner ByteDance to divest TikTok's US operations within about nine months or face a ban.

If the Iran-Israel war continues to heat up and escalate, leading Middle Eastern oil-producing countries to participate in the war, oil prices could continue to rise.

Highlighting the strong performance, the bank explained that lending growth in the first quarter typically tends to be slower or even negative.

TransNusa Airlines has launched a new direct flight from Ambon to Sorong to support economic and tourism growth in eastern Indonesia.

Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs.

Workers at Volkswagen's Tennessee plant have voted to join the United Auto Workers, in a seismic victory for the union as it drives beyond its Detroit base into the US South and West.

Hutama Karya has been tasked with building a 50 km road section connecting Mamberamo and Elelim in the Papua Highlands, which it said would be funded through a public-private partnership scheme.

Indonesia could be on Apple's ASEAN supply chain map as the US tech giant looks to establish a local manufacturing plant, even as it expands its developer academy to Bali, its fourth in the country.

Given the latest tensions between Iran and Israel, the rupiah could be lower in value for longer, potentially threatening our economy through higher imported inflation.

The Silicon Valley tech firm is preparing for the possible passage of the California Journalism Preservation Act (CJPA) that would create a "link tax" for connecting users in the state to news articles, Google Global News Partnerships vice president Jaffer Zaidi said in a blog post.

The major American steel manufacturer US Steel said Friday its shareholders had "overwhelmingly" voted to approve a $14 billion acquisition proposal by Japan's Nippon Steel, a move President Joe Biden opposes.

Seemingly out of nowhere TAKA Craft has become a force to be reckoned with in the domestic market for athleisure, or clothing suitable for both athletic and leisure activities. The brand is now looking to Singapore and Malaysia.