Elon Musk's xAI artificial intelligence firm has acquired Musk's X, the social media outfit formerly known as Twitter for $33 billion, marking the latest twist in the billionaire's rapid consolidation of power.

A Chinese battery and materials recycler has become the majority owner of Bahodopi Nickel Smelting Indonesia (BNSI), the developer of a nickel processing facility in the Bahodopi Block in Morowali, Central Sulawesi, thereby reducing the stake of PT Vale Indonesia.

MR.D.I.Y. Indonesia has reported a strong financial performance for the year 2024, delivering net profit growth of 205.6 percent year on year (yoy), amounting to Rp 1.1 trillion, outpacing revenue growth of 73.9 percent yoy to Rp 6.8 trillion.

Once touted as the Riady family empire’s largest venture, Meikarta was unveiled in 2016 and marketed as the antidote to Jakarta, the country’s notoriously congested capital.

It cited budget cuts coupled by economic and tourism uncertainty in the country that had battered the meeting, incentive, convention and exhibition (MICE) segments.

China's President Xi Jinping met with global CEOs in Beijing on Friday, as the government tries to woo foreign firms whose investment could give the ailing Chinese economy a boost and help insulate it against simmering geopolitical tensions.

Local media outlets have begun engaging with tech giants such as Google, Meta and TikTok to forge business partnerships, following the release of technical guidelines on a rule that requires digital platforms to collaborate with news outlets through revenue sharing, data access or training programs, among other methods.

Experts warned appointments could blur the line between BI’s role as a monetary regulator and its involvement in the banking industry, potentially undermining its independence.

The new levies, if kept for an extended period, could add thousands of dollars to the cost of an average US vehicle purchase and impede car production across North America.

“PT BKI will become an operational holding company and will review issues related to the company's finances and operations,” Garuda said in a letter to the Indonesia Stock Exchange (IDX) on Wednesday.

There were 71.1 million and 64.8 million customers who received the discount in January and February, respectively.

The Coordinating Economic Minister downplayed Tuesday's temporary plunge to a record low in a doorstep interview on Wednesday, saying that currency fluctuation was “normal” and pointing to external factors as the cause, without elaborating.

To accelerate implementation of the initiative, Indonesia will also revise the Comprehensive Investment and Policy Plan (CIPP), which is essentially a blueprint to carry out JETP investments to better align with the country’s economic condition, regulations and infrastructure.

The announcement drew swift condemnation from the European Union and from Canadian Prime Minister Mark Carney, who called it a "direct attack" on Canadian workers.

Experts from CELIOS and the EIU have both cautioned of potential economic repercussions from the recently passed TNI Law revision, particularly as regards the investment climate vis-à-vis external perceptions of Indonesia's democracy.

The trade minister says the government is preparing several strategies to stave off potential impacts of impending US tariffs and any miscommunication over Prabowo's food self-sufficiency agenda, as the country still relies on certain agricultural imports.

The decision came after Prabowo held a meeting with New Development Bank (NDB) president Dilma Vana Rousseff at the State Palace in Jakarta on Tuesday.

In the longer term, a significant factor contributing to the weakening of aggregate consumption is the shrinking middle class, the primary driver of economic growth.

GoPay has introduced the Government Program page on the GoPay App, which contains key information about various government programs aimed at the general public.

The national currency temporary hit its lowest rate since the 1998 Asian Financial before inching back up to Rp 16,580 per dollar on Tuesday evening, the depreciating trend caused by investors jittery about the incoming US tariffs and geopolitical uncertainty, as well as domestic pressures.

The new state-owned agriculture holding company, which reuses the name of a previous company associated with permit fraud, is to manage three subsidiaries in food, plantations and fisheries, despite the existence of other SOEs operating in these sectors.

BRI, CNMA and several other listed companies have all moved to buy back shares during the March 21-June 20 period this year amid a declining trend on the Indonesian bourse.

As competition grows, and ahead of the launch of its new Model Y mid-size SUV, Elon Musk's battery-electric (BEV) brand has sold 42.6 percent fewer cars in Europe so far this year, data from the European Automobile Manufacturers Association (ACEA) showed.

Investors have been focused on the impending reciprocal tariffs promised by US President Donald Trump and its impact on the global economy as trade war fears grip markets. 

JETP, a financing commitment from rich nations and global lenders to help poorer nations adopt cleaner energy, has earmarked $20 billion to help Indonesia cut its emissions. 

Stocks are the second-largest component of life insurers' investment portfolios, after government bonds.

The government is looking to develop genetically modified organisms (GMO) to boost domestic soybean production and reduce imports in a move experts say is “unnecessary” as it is expected to fail to address key hurdles in national soybean production.