The redefinition is being worked on by the National Economic Council alongside Statistics Indonesia (BPS), the National Development Planning Agency (Bappenas) and the Statistics Society Forum. Indonesia last revised its poverty line in 1998.

Venture capital firms are shifting investments toward tried and tested businesses in Indonesia as the country’s start-up scene faces a prolonged funding winter.  

Real Estate Indonesia (REI) has suggested that the government address structural issues plaguing high-rise living instead, ranging from unrealistic pricing benchmarks to frequent conflicts in poorly managed apartment communities.

Asian stocks squeezed out more gains Tuesday as the latest round of China-US trade talks moved into a second day, with one of Donald Trump's top advisers saying he expected "a big, strong handshake".

GE HealthCare, in partnership with PT Kalbe Farma subsidiary Forsta, inaugurated Indonesia’s first CT scanner factory on June 2. GE HealthCare international president and CEO Elie Chaillot spoke to The Jakarta Post’s Ruth Dea Juwita two days later about the global medical technology company’s further plans in Indonesia’s burgeoning medical equipment industry.

Singapore-based ride-hailing and delivery company Grab said on Monday it was not in any talks on a potential deal with smaller Indonesian rival GoTo.

Merchants on Indonesian e-commerce platform Tokopedia say a mandatory linkup with TikTok Shop, both controlled by ByteDance, creates an operational hassle for them as numerous dashboard features are still under development.

United Nations Secretary General Antonio Guterres said on Monday the world could not let the deepest oceans "become the wild west", at the start in France of a global summit on the seas.

The recent export levy hike on crude palm oil (CPO) and its derivatives may tighten supplies of subsidized cooking oil brand Minyakita.

Indonesia’s cement industry faced declining sales in the first quarter of this year amid a slowdown in government infrastructure development.

In a post on its Weixin social media account, the US coffee chain said it would offer more "accessible" prices on dozens of its drinks, including non-coffee drinks and the Frappuccino, from Tuesday.

China's export growth slowed to a three-month low in May as US tariffs slammed shipments, while factory-gate deflation deepened to its worst level in two years, heaping pressure on the world's second-largest economy on both the domestic and external fronts.

Stocks rallied Monday on hopes that a fresh round of China-US trade talks later in the day will ease tensions between the economic superpowers, while investors were also cheered by forecast-topping US jobs data.

Pressure is on Apple to show it hasn't lost its magic despite broken promises to ramp up iPhones with generative artificial intelligence (GenAI) as rivals race ahead with the technology.

Though a property association has hailed a draft proposal to downsize subsidized houses as a price stabilization move, the housing task force questions whether this is necessary to provide 3 million affordable homes each year under the President's ambitious program.

Three of US President Donald Trump top aides will meet with their Chinese counterparts in London on Monday for talks aimed at resolving a trade dispute between the world's two largest economies that has kept global markets on edge.

Indonesia and the 27-member European bloc have been negotiating since 2016 to strike a deal that is expected to increase trade and investment.

US President Donald Trump said on Friday that Chinese President Xi Jinping agreed to let rare earth minerals and magnets flow to the United States, a move that could lower tensions between the world's biggest economies.

Indonesia has seen an increasing outflow of skilled young adults seeking work abroad in a brain drain phenomenon experts attribute to concern around job opportunities within the country.  

The added cost for consumers, analysts and industry players argue, could help prevent treatment bills from spiraling out of control.  

The Japanese ambassador has said Tokyo will support the east-west line of the Jakarta MRT, but has no immediate plans to provide funding for its extension into neighboring Banten province.

Following a peaceful protest by Greenpeace at a minerals expo on Thursday, the energy ministry announced it had temporarily suspended Gag Nikel's mining operations in Raja Ampat to conduct field verification.

The bromance-turned-to-brawl between US President Donald Trump and billionaire Elon Musk sparked a 14 percent drop in Tesla shares overnight, wiping out US$150 billion in market value.

Home Minister Tito Karnavian urged regional governments to choose struggling hotels and restaurants, so government activities could help revive those businesses.

Investment in clean energy technologies is set to strike a record this year despite global economic uncertainty, double the spending on fossil fuels that will dip for the first time since 2020, the International Energy Agency said Thursday.

Move is in line with projections that total NPI output in Indonesia will plummet from 4.76 million tonnes in 2024 to just 1.74 million tonnes this year.

Sharia financing will still grow but at a slower pace. Instead of the initial between 11 and 13 percent target, the central bank has adjusted it downward to between 8 and 11 percent.