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Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.
2 months agoThe bank’s loan issuance dropped 1.7 percent year-on-year (yoy) to Rp 26.9 trillion (US$1.55 billion) last year, according to its financial report. ...
2 months agoBankrupt discount carrier Spirit Airlines ceased operations on Saturday, the industry's first casualty linked to the Iran war, after failing to secure creditor support for a US government bailout plan. All flights have been canceled, the statement said, asking passengers not to go to the airport. ...
2 months agoLonger-term solutions, such as Bali’s planned waste-to-energy (WtE) facility, are not expected to be completed until November 2027, and undergo a finalization phase before becoming operational in December 2027.
2 months agoPrabowo said he signed a presidential regulation which was the basis for the new maximum commission cap that ride-hailing firms could take from their driver partners.
2 months agoThe Industrial Confidence Index (IKI), a monthly gauge of factory activity published by on Wednesday, came in at 51.75 last month, easing from March’s 51.86 but still above the 50 threshold that separates expansion from contraction.
2 months agoThe top US and Chinese economic officials held "candid" talks on Thursday ahead of a meeting set for May between President Donald Trump and President Xi Jinping, with both sides raising complaints about the other's trade policies, the US Treasury and Chinese state media said.
2 months agoUnder a 2020 regulation, all electronic system providers (PSEs) must register in Indonesia for what the government called legal and user protection purposes before making their services available.
2 months agoBrussels has blacklisted the Karimun oil terminal over its alleged use in Russian oil shipments but says EU sanctions create no obligations for non-EU entities operating outside the Union.
2 months agoFederal Reserve Chair Jerome Powell closed out eight years as head of the US central bank on Wednesday with interest rates on hold, rising concern about inflation, and an announcement that he would stay on as a Fed governor for now to defend the agency's independence from Trump administration "battering."
2 months agoPolitical analysts and regional experts said the move to leave the groups of oil-producing nations, announced on Tuesday, was more than just a dispute over OPEC oil output quotas that Gulf sources say Abu Dhabi sees as tilted against the UAE.
2 months agoBrent oil futures soared another 7.6 percent to US$119.69, the highest price since the early days of the Ukraine war in 2022.
2 months agoProtesters are set to demand an end to outsourcing and low wages, arguing that current employment practices leave workers in prolonged contractual uncertainty. President Prabowo Subianto is set to attend Jakarta's main Labor Day commemoration on Friday.
2 months agoTransportation experts said the EV taxi stalling on the level crossing, which triggered the subsequent tragic events, may have been caused by various factors, including human error or activation of the vehicle’s safety system.
2 months agoAmong the key downstream projects launched on Wednesday is the development of gasoline refinery facilities in Cilacap, Central Java, and Dumai, Riau, each with a processing capacity of 62,000 barrels per day (bpd).
2 months agoThe state-owned railway operator and state-owned electricity company are slated to begin work in May on a nationwide project to expand railway electrification, with routes extending from Jakarta to nearby Banten and West Java.
2 months agoThe government has been scrambling since earlier this month to secure supplies of naphtha, a raw material used to produce plastic, from alternative sources such as African countries, India and the United States.
2 months agoEU countries and European Parliament lawmakers failed to reach a deal on watered-down landmark artificial intelligence rules after 12 hours of negotiations on Tuesday and will resume talks next month.
2 months agoWith over 43 million merchants connected to the Quick Response Code Indonesian Standard (QRIS) payment system as of January, digitalization now defines the identity of today's tech-savvy market traders, moving beyond large corporations.
2 months agoUnwieldy terrain, unresolved land acquisition and operational limitations of village cooperatives threaten to slow down Indonesia's push to develop 100 gigawatts of solar power capacity in remote regions.
2 months agoEuro zone bond yields hit multi-week highs on Tuesday after a survey showed euro zone consumers expecting higher inflation, prompting markets to raise the likelihood of a hike in interest rates by the European Central Bank in the coming months.
2 months agoThe company's key areas of focus in Indonesia include energy, resources, water and environment.
2 months agoThe index has fallen 18.21 percent from its position at the start of the year, when the market closed on Tuesday, marking the steepest decline among Asian bourses.
2 months agoState logistics agency Perum Bulog has warned of limited availability of subsidized cooking oil Minyakita in several regions, citing a lack of fresh supply from producers as a key constraint in getting the product to traditional markets.
2 months agoPrime Minister Anthony Albanese said tech giants Meta, Google and TikTok would be given a chance to strike content deals with local news publishers.
2 months agoCompressed natural gas (CNG) feedstock, mainly methane and ethane, is more readily available domestically, potentially reducing reliance on costly imported fuels.
2 months agoAround Rp 1 trillion is set to be allocated this year for the national internship program, as the government aims to widen its reach.
2 months agoOil prices edged up and stocks wavered Tuesday as Donald Trump weighed an Iranian proposal that would reportedly re-open the Strait of Hormuz and end the eight-week-old war.
2 months agoA proposal to impose a surface water tax (PAP) on oil palms at Rp 1,700 (10 US cents) per tree per month has sparked fierce opposition from smallholder farmers in Riau.
2 months agoUp to 80 percent of Toba Pulp Lestari’s workforce of more than a thousand employees may be affected after the government revoked its forest concession permit over environmental violations.
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