Homegrown aquaculture unicorn eFishery has laid off an undisclosed portion of its workforce and announced a shift in focus.

The sale of spectrum in the 700 MHz and 26 GHz bands, initially planned for completion by July and then scheduled to take place before the change of government, has been delayed again. 

Indonesia could tap billions in potential savings if it focused its emissions reduction drive more on energy efficiency, which was often overlooked in the country's energy transition, experts say.

Local game developers noted that the target set by Presidential Regulation No. 19/2024 is too ambitious, and suggested a more gradual approach.

Prior to this deal, HSBC provided a US$30 million loan for Indonesian aquatech firm eFishery and a $100 million loan for buy now, pay later platform Akulaku.

The major reversal follows concerns from advertisers - the company's biggest source of income - saying the loss of cookies in the world's most popular browser will limit their ability to collect information for personalizing ads, making them dependent on Google's user databases.

Talks over a global tax deal are continuing well past a June 30 deadline and governments are now looking to a Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.

The goverment and state-owned railway operator KAI have kicked off a nearly two-month trial of B40 biodiesel in trains, starting with the Bogowonto train connecting Jakarta and Yogyakarta.

The tech giant blamed the problems on CrowdStrike, but industry insiders warned that the issue stems from entrusting the digital world to just a few key companies. 

A major outage wrought havoc on global computer systems on Friday, grounding flights in the United States, derailing television broadcasts in the UK and impacting telecommunications in Australia.

Great partnership between foreign investors and local developers not only create synergy for success, but also add colors to our world.

State-owned coal miner PT Bukit Asam (PTBA), a subsidiary of mining holding company MIND ID, and the National Research and Innovation Agency (BRIN) have begun the world’s first pilot project to convert coal into artificial graphite and anode sheet, both of which are raw materials for lithium-ion electric vehicle (EV) batteries.

EU regulators are unhappy with changes Musk made to the blue badge system since anyone can now obtain it via a premium subscription, whereas previously it was reserved for verified accounts including leaders, companies and journalists, and subject to approval.

The widely adopted conventional agricultural system in Indonesia only enables a hectare of land to produce 5 tonnes of rice, while countries with more advanced technology can produce up to 15 tonnes with the same amount of land.

The company, a subsidiary of publicly listed telecom giant Indosat Ooredoo Hutchison (IOH) group, stated that the accused individual left the company on Aug. 4, 2021.

With this additional investment, it brings the total founds obtained to more than $88 million, the start-up announced on Monday.

The ministry estimates that the number of online gambling websites in the country has grown by 10,000 every day.

Shopee had admitted to having violated anti-competition rules by directing customers to certain delivery services after being accused of the breaches last month, antitrust agency, known as KPPU, said in a statement.

Over the past year, BNPL has moved up to the second spot for preferred payment methods among online consumers while credit cards have dropped, prompting banks to hop on the fintech bandwagon, a new industry report shows.

Apple on Friday said it would delay the rollout of its recently announced AI features in Europe because of "regulatory uncertainties" linked to the EU's new landmark legislation to curb the power of big tech.

The government is on high alert over the potential entry of Chinese e-commerce platform Temu, arguing it could undermine local small and medium-sized enterprises (SMEs) and disrupt domestic supply chains.

The layoffs, which equal 9 percent of the workforce of major local e-commerce firm Tokopedia, are an effort to eliminate duplicate functions and cut costs.

Industry players say Indonesia could become an AI data center hub thanks to its significant renewable energy potential, if the government offers investors the right incentives.

AMD on Monday announced its new artificial intelligence chips for everything from cutting-edge data centers to advanced laptops, ramping up its challenge to the runaway market leader Nvidia.

A new scheme to allow direct links between digital banks and apps could provide the former with much-needed access to capital and lower their overall cost of funds.

The flying taxi, manufactured by the Korea Aerospace Research Institute and Hyundai Motors Company, is set to be showcased during the Independence Day ceremony in August.

A trial had taken place in Bali in December last year, but was deemed as “not entirely successful.”

Chinese social media censors have blocked multiple influencers known for showing off their lavish lifestyles after an official campaign to curb displays of ostentatious wealth online was announced. 

A prolonged trend of declining profitability could dent the survivability of the firms.

Elon Musk has told investors he plans to build a supercomputer dubbed "gigafactory of compute" to support the development of his artificial intelligence startup xAI, an industry news outlet reported Saturday.