The national banking industry remains cautious about lending to micro, small and medium enterprises despite ongoing government efforts to expand credit issuance and boost the country’s economic growth.  

Bipartisan talks in the US Senate to end the federal shutdown have taken a positive turn, Senate Majority Leader John Thune said on Saturday, with lawmakers working on deals to temporarily reopen the government and introduce three longer-term funding bills for some agencies.

As the Philippines is set to take over the Association of Southeast Asian Nations (ASEAN) chairmanship from Malaysia in 2026, analysts have said that continuity and sustained momentum are essential in safeguarding the region’s peace and prosperity.

The company said its profit after tax for the 2024-2025 fiscal year dropped 32 percent to 1.5 billion euros (US$1.7 billion).

Jakarta’s traffic paralysis, especially during bad weather, is more than just an inconvenience, it’s an economic drain as congestion slows business activity, worsens air quality and erodes productivity.

The private bank appears to be planning an IPO slated for an IDX listing on Dec. 11, according to what appears to be a leaked prospectus circulating on social media but has not been verified to date, setting it on course to potentially become a “lighthouse company".

The Dutch government is ready to shelve the order that gave it power to block or change key corporate decisions at chipmaker Nexperia if China resumes exports of critical chips, Bloomberg News reported on Friday, citing people familiar with the matter.

The ministry summoned representatives of the Indonesian E-commerce Association (idEA), whose members include Shopee, Tokopedia and TikTok Shop, to follow up on President Prabowo Subianto’s order to curb illegal imports.

The geothermal energy arm of state-owned oil and gas giant Pertamina is confident about achieving installed capacity of 1 gigawatt (GW) within three years and aims for 1.8 GW by 2033.

Following August's cesium-137 contamination incident that disrupted seafood shipments, the government is preparing to renew shrimp exports to the US, which is expected to help meet the $6.25 billion in fisheries export targeted for this year.

As AI adoption races ahead, the same tools driving personalization and efficiency are also unlocking new dangers, from biased credit scoring and data misuse to ever more cunning financial scams.

Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.

The government wants to protect independent corner shops from growing networks like Indomaret and Alfamart, but their owners appear unconcerned about coexisting with large players.

At the heart of the plant is a naphtha cracker with a capacity of 3 million tonnes per year, capable of producing 1 million tonnes of ethylene and 520,000 tonnes of propylene annually.

The program includes the construction of 10 patrol vessels, the development of integrated maritime systems and regional monitoring centers, as well as the procurement of drones for aerial surveillance.

September's liquidity injection led to state-owned banks cutting their deposit rates by around 50 basis points (bps) and lending rates by around 11 bps, according to the Finance Ministry, which expects this to translate into stronger growth this quarter.

Asian markets rose Thursday to claw back some of the previous day's hefty losses as investors tracked a bounce on Wall Street sparked by jobs data that soothed worries about the US economy.

Agriculture Minister Andi Amran Sulaiman estimated that the free nutritious meal program would require an additional 700,000 tonnes of eggs and 1.1 million tonnes of chicken meat to meet demand.

The Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence chips, two sources familiar with the matter told Reuters.

Junkichi Yoshida, the newly appointed global president, representative director and CEO of Seiko Epson Corporation (SEC), has revealed plans to expand the company’s business across emerging markets in Southeast Asia, identifying Indonesia as a key contributor to Epson’s global growth.

The company also confirmed that the restructuring was permanent, with no conversion to contract-based positions or relocation to other units.

National economic growth remained above the 5 percent mark in the third quarter thanks to strong growth in exports.

Tech companies led a sharp sell-off across Asia on Wednesday as investors grow increasingly worried about an AI bubble following a rally this year that has seen valuations hit record highs.

The President also instructed that the high-speed railway project be extended to Banyuwangi, East Java, broadening the expansion plan that was initially intended to reach only Surabaya.  

The projects, part of a broader plan to build 33 plants nationwide worth a combined Rp 91 trillion (US$5.6 billion), are included in state utility PLN’s long-term electricity procurement plan (RUPTL) as renewables.

Norway's sovereign wealth fund, the world's largest, said on Tuesday it would vote against ratifying Tesla CEO Elon Musk's proposed compensation package, containing shares worth up to $1 trillion, at an annual general meeting this week.

Lawmakers and labor groups have pressed Michelin’s Indonesian subsidiary to suspend layoffs, amid protests and concerns over the company’s compliance with labor rules.