Transparency from the outset to allay foreign investor's concerns is key to the success Danantara's plan to issue bonds, analysts say.

Multifinance companies have recorded continuing decline in yoy growth over the first three months to 4.6 percent in March, primarily due to sluggish first-quarter car sales of just 256,368 units, down 2.9 percent compared to the same period last year.

Chinese EV battery giant CATL aims to raise US$4 billion in its Hong Kong listing scheduled for May 20, said a statement filed to the bourse Monday, making it the largest IPO expected in the city so far this year.

The United States and China on Sunday said progress had been made after a weekend of talks aimed at de-escalating trade tensions sparked by President Donald Trump's aggressive tariff rollout.

Oil giant Saudi Aramco on Sunday reported a drop of 4.6 percent in its first-quarter net profits as lower sales and higher operating costs hit the lynchpin of the kingdom's ambitious economic reform plans.

Investors are hopeful that US-China trade talks this weekend will cool a trade war between the world's two largest economies and dispel some of the uncertainty clouding financial markets, though few expect a major breakthrough just yet.

Google has agreed to pay US$1.375 billion in a settlement in principle reached with the state of Texas over allegations the company violated users' data privacy, Texas Attorney General Ken Paxton said on Friday.

Research by state-owned lender Bank Mandiri shows that intra-provincial travel, or trips within the same province, jumped 45.9 percent in 2024, reversing the trend seen in 2022 and 2023 when longer journeys dominated.

The government has shared plans to ease import rules for certain goods, but the measures presented on Friday appear to exclude key export commodities from the United States as bilateral trade talks aimed at averting US tariffs have yet to conclude.

Consumer confidence in Indonesia has improved slightly but remains at a low level, with an April survey by the central bank showing respondents more positive on the current state of the economy, even as they expect worse times to lie ahead.

The President has ordered a halt to all major corporate actions, including mergers and acquisitions, divestments and investments as well as spin-offs, until the Danantara board has reviewed such projects and the performance of SOE executives.

China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a grueling trade war with its superpower rival.

The energy minister has announced a plan to stop importing refined fuels from Singapore, and instead procure the commodity from Middle Eastern countries.

Japanese stocks jumped on Friday, supported by the dollar's surge against the yen, after a US trade deal with Britain fueled hopes of progress in tariff talks with other countries.

Indonesia’s Trade Ministry says it will carefully “monitor” Malaysia’s antidumping duty imposed on Indonesian plastic goods and may bring the matter to the World Trade Organization (WTO) “if necessary”, while experts urge swift action to protect domestic industries.

Indonesia shaved US$4.6 billion off its foreign exchange (forex) reserves in April as the government serviced foreign debts and the central bank intervened in the market to stabilize the rupiah’s exchange rate amid the tariff turmoil.

In its 35th year of operations in Indonesia, South Korean electronics company PT LG Electronics Indonesia (LG) has announced its readiness to operate an air conditioner (AC) factory in the country to answer to both domestic and export demands.

Given a recent decline in Indonesia’s economic growth and unfavorable global circumstances, pushing gross domestic product (GDP) growth toward the targeted 8 percent rate could lead to imprudent fiscal spending, a think tank has warned.

In a stock disclosure submitted on Thursday, the homegrown tech giant has dismissed recent reports on a possible sale to industry rival Grab as “speculation”, saying it received periodical acquisition offers but had not agreed to any deal at present.

The central bank has pared down outstanding SRBI by 4.5 percent since end 2024 to Rp 881.86 trillion in April in a bid to free up liquidity and boost domestic bank loans.

GoTo Group has reinforced its commitment to a greener Indonesia through the achievements it has made under its Three Zeroes pledge of zero emissions, zero waste and zero barriers.

Japanese auto giant Toyota forecast on Thursday a 35 percent year-on-year drop in net profit for the current financial year, citing United States President Donald Trump's vehicle tariffs, among other factors.

Shares in Asia rose on Thursday after US President Donald Trump flagged a first trade deal in his global tariff war, while the dollar held most of its overnight gains as markets pushed out the chance of near-term rate cuts.

Since its launch, Indonesia’s newly established sovereign wealth fund, Danantara, has captured national imagination with promises so grand that they border on the unbelievable. Heralded as one of the world’s largest sovereign wealth funds and positioned as the engine of a sweeping economic revolution, Danantara’s narrative has inflated expectations to levels that may ultimately prove impossible to meet.

Donald Trump will announce a trade deal with the United Kingdom on Thursday, US media has reported, after the president touted a "major" upcoming agreement on social media.

The latest BPS report indicates that unemployment fell to a record low of 4.76 percent in February, but the KSPI and a think tank analyst have pointed to discrepancies with real conditions on the ground, especially regarding layoff data.

The Gates Foundation has pitched a strategic collaboration with Danantara Trust, the philanthropic arm of Indonesia’s state asset fund, which is being set up to manage endowments and channel charitable grants.