The strategy, called Libra Hybrid, is targeting $500 million in total commitments and drew capital from global institutions including sovereign wealth funds and Granite Asia's partners, Granite Asia said in a statement.

Deep in the Abu Dhabi desert, a vast AI campus a quarter the size of Paris is starting to emerge, the oil-rich UAE's boldest bet yet on technology it hopes will help transform its economy.

The two countries in July said Indonesia agreed to eliminate tariffs on more than 99 percent of US goods and scrap all non-tariff barriers facing American firms, while the US will drop threatened tariffs on Indonesian products to 19 percent from 32 percent.

In March, the government required natural resource exporters to lock up their receipts in the country for at least a year to boost the country's foreign reserves.

Based on Mandiri Spending Index (MSI) data, average weekly spending growth in Q4 reached 37.8 percent year-on-year (yoy), higher than the 29.3 percent in Q3.

State-owned enterprises will receive about a third of last year's state capital injections this year due to the establishment of state asset fund Danantara.

Apindo chairwoman Shinta W. Kamdani said the first quarter of 2026 was likely to deliver the year’s strongest momentum as New Year, Lunar New Year, Ramadan and Idul Fitri will drive spending.

Paramount Skydance on Monday launched a hostile bid worth US$108.4 billion for Warner Bros Discovery in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant.

Asian stocks fell and the dollar was steady on Tuesday as investors braced for a cut in US interest rates later this week while the yen was calm after a powerful earthquake rocked Japan's northeast region though the impact was limited.

Saudi Arabia-based RUA AlHaram AlMakki Company, a PIF-owned master developer, concluded its debut at the world’s largest real estate exhibition Cityscape Global with the signing of six landmark Memorandums of Understanding (MoUs) with partners from Saudi Arabia, Indonesia, Malaysia, Brunei and the United States, advancing international investment and global collaboration for its inaugural King Salman Gate project in the Holy City of Mecca.

Impending state financing for state-owned Krakatau Steel is drawing attention to Indonesia's steel industry crisis, where low competitiveness and reliance on imports clash with the new government's push for self-sufficiency.

PT Indonesia Weda Bay Industrial Park (IWIP) has rejected allegations of nickel smuggling through the Weda Bay private airport in Central Halmahera, North Maluku.  

Founded in California in 2013, Robinhood shot to fame during the social-media-fueled retail-trading frenzy of 2021 and gained broader market legitimacy this year after joining the United States benchmark S&P 500 index.

The president said he had received extensive reports on the scale of agricultural destruction and stressed that affected farmers would not be left to bear the losses alone.

From the latest album release listening party to surprise music video drops, the economic value of the global creative industry has reached US$2.3 trillion annually, making up 3.1 percent of the global GDP.

China's exports topped forecasts in November, driven by a surge in shipments to non-US markets as manufacturers deepen trade ties with the rest of the world in light of President Donald Trump's prohibitively high tariffs.

French President Emmanuel Macron said he had threatened Beijing with tariffs during his state visit to China if there was no action taken to reduce the country's ever-widening trade deficit with the European Union.

Indonesia’s bid to mass-produce cars of a homegrown brand in 2027 is “highly ambitious”, experts say, noting that an electric vehicle model would require sustained fiscal outlays and far stronger technical competencies than the country currently possesses.

The Finance Ministry expects the Sumatra disaster to only have a slight impact on gross domestic product growth in the fourth quarter.

Shell Indonesia has been allotted 100,000 barrels of fuel by Pertamina Patra Niaga, bringing the total supply for all private gas stations this year to 430,000 barrels.

Elon Musk's social media company X was fined 120 million euros (US$140 million) by EU tech regulators on Friday for breaching online content rules, the first sanction under landmark legislation that once again drew criticism from the US government.

The expansion aims to make its AI assistant "more responsive, accurate, and balanced" by incorporating diverse viewpoints, acknowledging that "real-time events can be challenging for current AI systems to keep up with."

Building on its decades-old role as a major cacao producer, Indonesia wants to push into the global chocolate market with a comprehensive supply chain from plantations via processing facilities to factories, but some key hurdles lie in the way.

Experts are now pressing the government to spell out which plants might replace Cirebon-1 in the retirement pipeline and the criteria guiding that selection.

As part of ongoing efforts to increase public awareness of environmental responsibility, particularly in household waste management, PT Daya Intiguna Yasa (“MDIY” or “MR.D.I.Y. Indonesia”) is expanding its Recycle Dropbox program to 52 stores across Greater Jakarta, Serang and Bandung.

Bank Mandiri chief economist Andry Asmoro wrote in a market analysis on Thursday that the trend was driven by “improving expectations” for an interest rate cut by the Fed in December.

The Environment Ministry has launched an investigation into several firms suspected of contributing to the devastating disaster across northern Sumatra, while the minister has vowed not to spare any local administrations whose policies led to environmental degradation.