Following last year's massive layoffs in the textile industry, at least two Tangerang-based manufacturers of foreign footwear brands have laid off 3,500 workers due to a decline in orders, a local manpower official has said, with more due to be axed next year.

The firm, which already operates one of Indonesia’s largest nickel mining sites as a minority shareholder in PT Weda Bay Nickel, also conveyed its intention to invest in the country’s critical minerals sector.

The compensation claims are to include old age benefits (JHT), unemployment benefits (JKP) and holiday allowances (THR), the minister revealed on Wednesday.

The US economy is set to experience some "disturbance" from tariffs, President Donald Trump said Tuesday, as trade tensions flare after he imposed sweeping levies on Mexico, Canada and China.

Boston Consulting Group estimates that Indonesia's upstream energy sector could achieve substantial cost savings of up to 30 percent, or approximately US$2 billion, through comprehensive performance improvement measures, while maintaining or even enhancing production, asset integrity and HSE performance.

The government plans to kick off dozens of natural resource processing projects worth $40 billion this year, including coal gasification projects, though both local and international analysts have cautioned about the technology's costliness and unfavorable investment trends.

Banking on its large share of the thermal coal market, Indonesia wants its domestic benchmark to inform international pricing, but importers are reluctant to go along, causing uncertainty for export deals.

Malaysian plastic producer Thong Guan Industries Bhd. has announced plans to build a production plant in the Batang Integrated Industrial Estate (KIT Batang) in Central Java.

In total, Bali electricity demand is estimated to exceed 1.2 gigawatts (GW), but it only produces 961 megawatts (MW) from power plants on its soil, according to Global Energy Monitor data in 2023.  

China and Hong Kong shares rose on Wednesday after Beijing set an ambitious economic growth target and vowed more support for domestic consumption and the tech industry as a trade war with the United States heats up.

Earlier in the day, China also imposed import levies covering $21 billion worth of US agricultural and food products including soybeans, wheat, meat and cotton.

Bank Indonesia (BI) has reiterated its use of triple intervention policies to stabilize the market, supported by large foreign exchange reserves, which stood at US$155.7 billion in December 2024. However, volatility persists, often following political events related to the US government.

Under this plan, future investors will rent Sritex’s industrial machines and restart operations, bringing back workers under newly formed corporate entities, Nurma said.

Customers are up in arms over the massive corruption scandal implicating Pertamina, with some turning to more expensive but quality-assured rival brands and others deliberately purchasing potentially doctored nonsubsidized fuel to ensure that taxpayer-funded subsidies reached their intended recipients.

VinFast -- Vietnam's first homegrown car manufacturer -- hopes to compete with global EV giants such as Tesla but has struggled to break into the international market. 

CP Foods is part of agro-industrial conglomerate Charoen Pokphand Group, which owns the country's second-largest mobile network and largest convenience store operator. 

Short selling was previously set to be implemented in March or April this year with a target for short selling transactions to increase the market’s liquidity by 2 percent to 3 percent. 

Canada and Mexico, which have enjoyed a virtually tariff-free trading relationship with the US for three decades, were poised to immediately retaliate against their longtime ally.

Maroef’s appointment as president director of MIND ID has added to the broader trend of President Prabowo Subianto appointing his allies and aides to key strategic positions.

According to Danantara CIO Pandu Sjahrir, the new sovereign wealth fund will complement the INA's work by investing its funds and creating jobs to drive economic growth.

PT LG Electronics Indonesia (LG) is conducting a one-month long environmental drive, “Better Life When We Recycle” aimed at raising public awareness about the importance of coping with the fabric waste issue.

TSMC has already begun producing advanced 4-nanometer chips for US customers in Arizona.

The SOEs minister has vowed to reform Pertamina, including by possibly merging PT Pertamina Patra Niaga and PT Kilang Pertamina Internasional, two of at least three subsidiaries currently embroiled in a fraud and corruption probe by the AGO related to fuel imports in 2018-2023.

Asia’s trade environment is shifting rapidly, influenced by trends such as nearshoring, digital transformation and geopolitical realignments. With intraregional trade now making up 57 percent of Asia’s total trade, up from 54 percent in 2000, the region is more interconnected than ever.

Strong domestic demand ahead of the fasting month drove Indonesia's manufacturing PMI to a new high last month, but analysts say declining export orders signal trouble ahead amid persisting cost pressures.

Last month marks the first month of annual deflation since March 2000, BPS said.

The policy will reduce prices for flights booked between March 1 and April 7. The flights themselves must be taken between March 24 and April 7.