A Partnership Rooted in History

The US dollar was steady on Tuesday as investors deliberated the chances of the Federal Reserve cutting interest rates next month after dovish comments from policymakers while the frail yen remained on intervention watch.

GoTo shareholders will hold an extraordinary general meeting on Dec. 17 to vote on matters including the leadership shift.

Vivo procured 100,000 barrels of imported RON-92 base fuel through a business-to-business (B2B) agreement with Pertamina’s commercial arm, PT Pertamina Patra Niaga.

Led by the Agriculture Ministry, the government has launched an investigation to discover the parties behind a 250-tonne shipment of rice illegally imported to Sabang, in breach of food import rules.

GoTo's shares rose as much as 6.3 percent after the announcement of Walujo stepping down, according to LSEG-compiled data.

Global stocks began an event-filled week on the front foot on Monday, as investors took heart from growing expectations of a Federal Reserve rate cut in December even as policymakers remain divided over such a move.

Disappointing data on bank lending raises questions about the effectiveness of the Finance Ministry’s Rp 200 trillion (US$12 billion) liquidity injection conducted in early September to jump-start economic activity, with economists pointing to a lack of credit demand.

PT United Tractors, subsidiary of local conglomerate Astra International, acquired Agincourt in 2018 through its subsidiary PT Danusa Tambang Nusantara, which serves as the group's holding company for mineral investments.

Despite not attending the summit, US President Donald Trump's presence loomed large at the event, the first summit of the group of major economies to be held in Africa, after producing a surprise unilateral plan to end the war in Ukraine largely in line with Russia's goals.

With almost 400 showrooms globally, the company is trying to crack markets in Asia, the Middle East, Europe, the United States and Canada.

The US judge considering whether to order a breakup of Google's advertising technology business asked the Department of Justice on Friday how quickly such a remedy would take effect, saying, "time is of the essence."

Foreign direct investment long accounted for half or slightly more than half of total investment in Indonesia, but the balance flipped this year.

According to the latest budget figures presented by Finance Minister Purbaya Yudhi Sadewa, the state budget deficit remains well below the full-year ceiling with just two months left in the calendar year, which the minister attributes to fiscal discipline.

Most cases flagged through the ministry’s new labor complaints platform, Lapor Menaker, are tied to industrial relations and wages, followed by cases involving social security and working hours.

The government plans to enter an agreement with Malaysia and Singapore to develop a cross-border data center that will also serve as a buyer of clean power from Indonesia, according to Coordinating Economy Minister Airlangga Hartanto.  

Asian shares extended a global rout on Friday as the much-anticipated US jobs data failed to provide clarity on the near-term path for interest rates, with investors returning to dumping risk assets even after Nvidia's earnings dazzled.

The government plans to impose exit duties on gold next year in a bid to increase state revenue and keep more of the precious metal inside the country for saving or further processing.

The Communications and Digital Ministry has warned US-based internet services provider Cloudflare that its services in Indonesia could be blocked over legal compliance issues and allegations that it facilitates gambling websites.  

Malaysia’s leadership during its Association of Southeast Asian Nations (ASEAN) chairmanship has elevated the bloc’s global standing and reinforced its centrality through strong diplomacy, coordinated policy moves and high-level engagement, say analysts.

Aid and development financing has been cut by many developed economies in favor of defense spending.

Canberra has been pushing firms to engage in high-growth markets in the region through a policy framework called “Invested: Australia’s Southeast Asia Economic Strategy to 2040”.

The plan to merge state-owned enterprises (SOEs) in the construction sector was first proposed in 2023 with the aim to strengthen the building companies’ stretched finances.  

Frequent travelers might be familiar with this scenario: skipping a cute souvenir stand or a cozy coffee shop not because they didn’t want to spend money, but because the stores were strictly cash-only and they were short on local currency.

Asian markets rallied Thursday after blowout earnings from chip powerhouse Nvidia cooled worries over an AI bubble and overshadowed a Federal Reserve report that dealt a blow to hopes for a December interest rate cut.

Expended underground mining is jeopardizing the coal industry’s and the government’s commitment to the Global Methane Pledge, a pact to cut methane emissions by at least 30 percent by 2030.

Bank Indonesia (BI) has kept its benchmark interest rate unchanged for a second month after recently decreasing it by 25 basis points (bps) in each of three consecutive meetings. The central bank has revised up its gross domestic product projection for the year.