Rubio and Indonesian Foreign Minister Sugiono "discussed ways to deepen defense and security cooperation, including efforts to uphold freedom of navigation and overflight in the South China Sea in accordance with international law," the State Department said in a statement.

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

Analysts say a merger is increasingly likely. While institutional backers set to gain, millions of drivers and retail investors will likely lose out.

Respondents to the survey said they were more optimistic about the outlook for the next three to six months, as they expect sales to increase in May and August thanks to Independence Day on Aug. 17.

Tech sovereignty has been front and center for weeks: the European Union unveiled its strategy to compete in the global artificial intelligence race and is talking about its own payment system to rival Mastercard.

The Indonesian Transport Workers Union (SPAI) said on Wednesday that it opposed the plan, stressing that it preferred that ride-hailing drivers be classified as employees  

If China exports fewer goods to the US, he said, there will be fewer containers in the trade path between the two countries, which would reduce the availability of containers for shipments to other destinations.

President Donald Trump has ratcheted up tariffs on Chinese goods to eye-watering levels, prompting Beijing to slap retaliatory duties on US imports in an intensifying trade war between the world's two biggest economies that markets fear will lead to a global recession.

Leading vegetable oil processor Apical is optimistic about its sustainability achievements as it reaches the halfway point of its Apical2030 sustainability commitment.

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.

The US is Indonesia’s second largest export market after China. Experts have warned US trade policy could weigh on the archipelago’s gross domestic product growth and to some extent lead to layoffs in impacted industries.

Beijing has also asked that Chinese carriers halt any purchases of aircraft-related equipment and parts from US companies, the Bloomberg report said. 

Consumer confidence continued its downward trend in March, falling for the third consecutive month and hitting its lowest since October 2024.

The government seeks to ask unemployed graduates to return to villages, who would later be provided with training.

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

Before the world felt the blow from US tariffs, there were an estimated 80,000 layoffs in Indonesia last year, according to official data from the Manpower Ministry. The ministry also estimated another 18,610 workers were laid off during the first two months of this year

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.  

Danantara chief investment officer Pandu Sjahrir said on Monday that the fund is ready to become a “liquidity provider” to Indonesia’s capital market.

Public Works Minister Dody Hanggodo said the government would lift a temporary freeze on funding for national strategic projects, including those earmarked for the future capital city Nusantara in East Kalimantan.

Compliance with the regulation has often been cited as a barrier for businesses, as it forces companies to pour significant capital into local production infrastructure or partner with domestic suppliers to source their inputs locally, which can be more costly.

China's exports rose sharply in March after factories rushed out shipments before the latest US tariffs took effect, but an escalating Sino-US trade war has darkened the outlook for factories and growth in the world's second-biggest economy.

Diversifying exports to countries beyond the US is unfeasible in the short term because of either limited market demand or intense competition from local players in target countries.

Indonesian palm oil companies are seeking new markets in Europe, Africa and the Middle East as they try to protect themselves from the impact of Donald Trump's trade war, a top industry executive told AFP.

The move came as retaliatory Chinese import tariffs of 125 percent on US goods took effect Saturday, with Beijing standing defiant against its biggest trade partner.

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

The two sides "exchanged views on Taiwan-US reciprocal tariffs, non-tariff trade barriers, and a number of other economic and trade issues including export controls".