Speaking at a media briefing, Fernandes said AirAsia was adept at managing cash and expected to raise more than $1 billion, mostly to refinance existing debt, by December or January.

Discussions between the government and Malaysia Airlines and Batik Air have increased in recent weeks, the people said, amid growing concerns over financial pressures faced by AirAsia.

The LRT City projects, launched in 2016, have been hit by weak property sales, squeezing the cash flow of state-owned construction firm Adhi Karya, which manages the project.

The disclosure comes amid circulating rumors that tycoon Haji Isam will acquire a 62 percent majority stake in Bayan.

AirAsia owes state-linked airport operator Malaysia Airports Holdings Berhad (MAHB) at least 500 million ringgit (US$123.6 million) for services including landing and parking fees.

History has been made. Representing Indonesia on the world stage, Sinarmas World Academy (SWA) has broken into the top five International Baccalaureate (IB) schools in the world, according to the newly released 2026 results from  IB-Schools.com*. 

The head of the state-owned agribusiness has expressed frustration at the delay in installing managers at individual Red and White Cooperative units, describing it as “a form of structural sabotage”.

Despite objections from Danantara, the finance minister insists the dividends be transferred this year in line with President Prabowo’s instruction.

As Indonesia expands its metal and aluminum capacity, GIFA and METEC Indonesia are positioning themselves as platforms to accelerate downstream processing, improve efficiency and strengthen the country’s industrial value chain.

Under the mechanism, the government seeks to expand the existing tax base, potentially doubling the current figure of Rp 8 trillion (US$454 million) to 12 trillion.

US memory chip giant Micron Technology said Friday that its workers in Taiwan will receive the equivalent of up to five years and eight months of pay, as labor unions threaten to strike unless the company overhauls its bonus system.

French mining group Eramet has announced that mining operations at PT Weda Bay Nickel (PT WBN) have resumed following authorization from Indonesian authorities, ending a four-month period of care and maintenance.

A senior Industry Ministry official told a House commission meeting on Wednesday that aside from Pindad, other local manufacturers were producing the bulk of 14,000 vehicles ordered for government use.

The four-day series brings eight strategic industrial sectors under one roof, highlighting how collaboration, technology and sustainability can accelerate Indonesia’s industrial transformation

PT Telkom Indonesia is expanding its data center business through organic growth and strategic partnerships, including a potential sale of a majority stake in its data center subsidiary by the end of 2026.

Jakarta Intercultural School (JIS) ninth grader Darren Ismaya Karmaina’s Water Guardian initiative is testing a community sanitation and water-reuse model in Kemayoran, Central Jakarta, with plans to evaluate its performance before considering further development.

KAI recently announced maintenance for seven new trains produced by INKA, resulting in the cancellation of 17 Commuter Line trips in Greater Jakarta starting Monday.  

Authorities were weighing whether to give the stake to the Indonesia Investment Authority (INA) or Sarana Multi Infrastructure (SMI), a development financing arm under the Finance Ministry.

The pulp company is alleged of manipulating export documents related to affiliated-party transactions between 2008 and 2025 that resulted in estimated state losses of $113.4 million, the latest development in a case that has named two tax officials as suspects for allegedly accepting bribes from TPL.

The company said it had approved a plan involving the reduction of around 50,000 jobs, on top of another 50,000 already agreed.

With Indonesia expanding its power and digital infrastructure, IEE Series – Energy Week 2026 is emerging as a meeting point for industries seeking technology, partnerships, and solutions to support the next phase of industrial transformation.

The retirement estate is targeted to open in December with 10 private villas in the first phase, taking advantage of Bintan's Lagoi area as an up-scale tourism destination with international standard. 

One of his biggest challenges will be balancing the company's dependence on China while parrying acute political pressure from the White House.

According to a public disclosure published by VKTR, the proposed financing set out in the agreement would provide an indicative principal amount of up to Rp 2 trillion (US$112.7 million).  

Bank Jakarta is moving ahead with its plan for an initial public offering (IPO) in June 2027 while cautioning that the move would still depend on capital market dynamics.  

The weak results underscored the post-pandemic fragility of China's aviation sector, as the trio confronted what China Eastern described as a profit environment "severely undermined" by disrupted international routes and persistently elevated jet fuel prices linked to the Middle East conflict.

As relief operations continue in East Nusa Tenggara, attention is turning to the harder, slower work of recovery, especially for children.