The petrochemical company offered Indonesia the opportunity to participate and President Prabowo Subianto agreed to local participation through Danantara, which the wealth fund will explore. 

President Donald Trump's administration will move to reduce the impact of his automotive tariffs on Tuesday by alleviating some duties imposed on foreign parts in domestically manufactured cars and keeping tariffs on cars made abroad from piling on top of other ones, officials said.

Experts warn that the success of these efforts will depend on Indonesia’s ability to reform its regulations, strengthen governance and provide greater legal certainty.

The first phase of the project will produce 120,000 tonnes of melamine, 150,000 tonnes of nitric acid and 200,000 tonnes of ammonium nitrate per year

A company rooted in Indonesia is slated to invest US$2 billion in a blue ammonia project in the United States as part of what President Prabowo Subianto called a “win-win solution” in the ongoing tariff negotiations.

The communist nation's first homegrown car manufacturer is aiming to compete with global EV giants such as Tesla but has struggled to break into the international market. 

The Chinese investor has cited weak global demand and shifting market dynamics as reasons for the cutback, which comes on the heels of LG's announced withdrawal from a broad EVB supply chain project for similar reasons.

China's Zhejiang Huayou Cobalt is replacing South Korea's LG Energy Solution as a strategic investor in a multibillion-dollar project to build an electric vehicle battery joint venture in Indonesia, officials said on Wednesday.

In a televised interview with CNBC, Boeing Chief Executive Kelly Ortberg said Chinese customers had "stopped taking delivery of aircraft due to the tariff environment," adding that if the halt continued, the aviation giant would soon market the jets to other carriers.

The mobile market in Indonesia has been trimmed to just three major players as the XLSmart merger is completed, prompting consumers to question how fewer players in the market might affect prices and service quality.

Eddy cautioned that such illicit activities, carried out under the guise of CSOs, commonly referred to locally as ormas (mass organizations), would erode Indonesia’s investment climate and could drive investors away.

The return of aggressive protectionism under Trump 2.0 presents an opportunity for Indonesia to increase its competitiveness and role in the global trade landscape, but this will require more investment and effort at home, as well as political will.

The Energy and Mineral Resources Ministry has criticized South Korea’s LG Energy Solution’s decision to withdraw from a Rp 142 trillion (US$8.45 billion) project to develop electric vehicle (EV) battery manufacturing in Indonesia.

Telkom’s Telkomsel currently leads Indonesia’s mobile market, closing out 2024 with 159.4 million subscribers, followed by IOH with 94.7 million users and XLSmart with 94.5 million.

The 737 MAX, which was meant for China's Xiamen Airlines, landed at Seattle's Boeing Field at 6:11 p.m. (0111 GMT), according to a Reuters witness. It was painted with Xiamen livery. 

The closure of Tupperware Indonesia in January was almost a foretold outcome over years of falling sales and an outdated business model amid the rise of e-commerce and local competition, leaving behind a digital legacy of humorous memes.

Boeing seeks to involve local industry in the fighter jet’s supply chain and training, as well as maintenance, repair and operation.

Besides critical minerals, the industry minister also confirmed that the petrochemical sector is on the table.

With a rapidly growing digital economy and increasing AI adoption, the nation is well-positioned to capitalize on this technological shift.

The objective of raising economic growth from 5% to 8% involves shifting the long-term economic growth trajectory by enlarging economic production capacity and enhancing technology adoption, while improving labor and capital productivity.

This occurred despite the government moving to lower airline ticket prices in a bid to prop up air travel demand.

Britain expressed confidence on Monday of securing enough raw materials to keep the blast furnaces at its last maker of virgin steel burning, after the government seized operational control from its Chinese owners.

In a survey involving 717 hotels across 30 provinces, more than 30 percent of respondents reported revenue losses of more than 40 percent in January compared to the same month last year.  

Consumers can receive their preferred compensation of either a full refund or a replacement unit in finished apartment towers.

The government has long sought after new airlines, hoping to improve competition and lower airfares in the country’s duopoly aviation market. Flag carrier Garuda Indonesia and Lion Air are estimated to serve between 70 and 80 percent of domestic passengers annually.

Japanese oil and gas company Inpex has begun the front-end engineering design (FEED) process for the Abadi liquefied natural gas (LNG) project in Indonesia as the government pushes for its development.

The government is establishing three state-owned companies to oversee food, fisheries and oil palm plantations as part of a larger effort to bolster food security, but experts warn the move undermines the consolidation of state-owned enterprises (SOEs).