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Finance Minister Purbaya Yudhi Sadewa has acknowledged high pressure on the state budget and said the government’s 2025 deficit target may be missed but vowed that the figure would remain below the legal cap at 3 percent of GDP.
10 minutes agoA comparative look at the government's VAT incentive policy for 2021 and 2025 shows that its effectiveness is highly dependent on contemporaneous economic conditions, thereby indicating the need for an integrated policy approach that also considers installment affordability, not just property prices.
4 hours agoFour independent smallholder (ISH) groups under the SMILE (Smallholder Inclusion for better Livelihood & Empowerment) program have been certified by the Roundtable on Sustainable Palm Oil (RSPO). This program is a joint initiative that was launched by Asian Agri, Apical, and Kao Corporation in 2020.
4 hours agoUntil now, Chinese consumers have largely relied on supplies from neighboring countries such as Malaysia, Thailand, Vietnam and the Philippines.
6 hours agoTrade Minister Budi Santoso says he is working to secure a bilateral trade agreement to exempt Indonesia from Mexico's planned tariffs. The move follows reports that Mexico intends to impose duties of up to 50 percent on imports from several Asian countries, including Indonesia, starting in 2026.
7 hours agoAsian stocks tumbled while the dollar drifted near two-month lows on Tuesday as investors adopted a cautious approach ahead of a slate of US data, including the jobs report, that may help gauge the trajectory for Federal Reserve policy next year.
10 hours agoBacked by a US$1.7 billion investment through 2028, Microsoft aims to build Indonesia’s digital economy by expanding cloud and AI infrastructure, strengthening the developer ecosystem and training 500,000 AI-ready talents by 2026.
12 hours agoA consolidation push in the banking industry looks set to make small lenders targets of mergers and acquisitions as the Financial Services Authority (OJK) wants to eliminate the lowest core capital category, which currently dominates the industry.
23 hours agoIn a light-filled workshop in eastern China, a robotic arm moved a partially assembled autonomous vehicle as workers calibrated its cameras, typical of the incremental automation being adopted even across smaller factories in the world's manufacturing powerhouse.
2 days agoThe $120-million effort will link northern and southern Papua New Guinea and the Bougainville autonomous region with high-capacity cables, Peter Tsiamalili, PNG's acting minister for information and communications technology, said on Friday.
3 days agoThe festival, which runs from Dec. 10 to 11 and is free to all visitors, aims to increase public trust in the fintech industry toward better, sustainable economic growth.
5 days agoDeep 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.
6 days agoElon 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.
1 week agoThe 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."
1 week agoFour independent smallholder (ISH) groups under the SMILE (Smallholder Inclusion for better Livelihood & Empowerment) program have been certified by the Roundtable on Sustainable Palm Oil (RSPO). This program is a joint initiative that was launched by Asian Agri, Apical, and Kao Corporation in 2020.
4 hours agoPT Daya Intiguna Yasa Tbk, better known as MR. D.I.Y Indonesia, has achieved another historic milestone in inaugurating its 1,200th store with a new outlet in Sumbawa, West Nusa Tenggara, underscoring the company’s strong commitment to national expansion beyond Java to various regions with increasing economic growth potential.
1 day agoRising costs, fragile supply chains and cooling demand are forcing businesses in Asia Pacific to rethink their future strategies.
1 day agoThe Elon Musk-led company's move towards a public listing, which could rank among the largest global initial public offerings, has been largely driven by the rapid expansion of SpaceX's Starlink satellite internet business.
3 days agoA comparative look at the government's VAT incentive policy for 2021 and 2025 shows that its effectiveness is highly dependent on contemporaneous economic conditions, thereby indicating the need for an integrated policy approach that also considers installment affordability, not just property prices.
4 hours agoAsian stocks tumbled while the dollar drifted near two-month lows on Tuesday as investors adopted a cautious approach ahead of a slate of US data, including the jobs report, that may help gauge the trajectory for Federal Reserve policy next year.
10 hours agoWhile the move had been priced in for several weeks, investors were cheered by the fact that bank boss Jerome Powell was "less hawkish" in his post-meeting remarks.
5 days agoThe 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.
6 days agoAsian 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.
1 week agoJapan's Nikkei skidded on Friday, wiping out this week's gains amid an otherwise subdued Asian session, after weaker-than-expected spending data underscored the scourge of inflation as bets grew that the Bank of Japan would hike interest rates.
1 week agoStocks made muted gains and traders were wary on Tuesday, following a slide in cryptocurrencies and a global bond selloff triggered by a looming interest rate hike in Japan.
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