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Cargo ships sail on June 1, 2026 near Suru Beach in Bandar Abbas, Iran, along the Strait of Hormuz, in this picture obtained from Iran's ISNA news agency.
Cargo ships sail on June 1, 2026 near Suru Beach in Bandar Abbas, Iran, along the Strait of Hormuz, in this picture obtained from Iran's ISNA news agency.`
Companies premium

One Pertamina vessel safely transits the Strait of Hormuz

Another vessel Pertamina Pride remained stranded on the opposite side awaiting further movement instructions.

6 hours ago
Regulations premium

Free meals program rolled out hastily, admits Luhut

National Economic Council (DEN) head Luhut Pandjaitan said the implementation of President Prabowo Subianto’s flagship free meals program was “somewhat rushed” but expressed optimism that significant improvements would happen in the coming months.

9 hours ago
Regulations

Indonesia weighs $2 billion cut to Prabowo's signature free meals program

The government is preparing to scale back President Prabowo Subianto's flagship free meals program, with officials weighing another budget cut of more than $2 billion along with reductions in kitchens and beneficiaries, according to two sources familiar with the matter and an internal presentation.

9 hours ago

The Latest

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Companies premium

Indonesia’s first blood plasma facility to begin operations next year

The Karawang facility is being developed by PT SK Plasma Core Indonesia, a joint venture between South Korea's SK Plasma and Indonesia's sovereign wealth fund INA, with an investment of US$150 million. 

10 hours ago
Tech

China's 'future industries' push triggers flood of venture capital, bubble concerns

Venture capital and private equity investments in China totaled $91.6 billion in the first five months of this year, jumping nearly 60 percent from a year earlier, according to ChinaVenture Investment Consulting.

12 hours ago
Markets

Asian stocks surge as Micron earnings ease AI fears

Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the red-hot AI rally that has pushed global stocks to record highs.

15 hours ago
Companies premium

Pertamina tankers still stuck in the Strait of Hormuz

The state-owned energy giant will not order them through the narrow strait until it receives a comprehensive risk assessment and formal recommendations from relevant authorities. 

1 day ago
Economy premium

Dasco presses Pertamina CEO over gas price crisis threatening 55,000 jobs

The intervention comes as labor groups warn that two major ceramic producers, Milan Keramik and Mulia Keramik, face an imminent shutdown in Bekasi, West Java, potentially putting about 55,000 jobs at risk.   

1 day ago
tech

China's 'future industries' push triggers flood of venture capital, bubble concerns

Venture capital and private equity investments in China totaled $91.6 billion in the first five months of this year, jumping nearly 60 percent from a year earlier, according to ChinaVenture Investment Consulting.

12 hours ago
tech

Indonesia plans to embed AI in key programs, including $15 billion free-meal drive

The presidential regulation lays out a roadmap for ministries and regional governments to adopt AI from 2026 to 2029, targeting "economic growth through development, facilitation and use of AI especially in the president's priority programs."

2 days ago
tech

US judge dismisses Musk's xAI trade secret lawsuit against OpenAI

Monday's decision is Elon Musk's second legal loss against OpenAI in four weeks.

1 week ago
tech

Cross-Border QR Payments Between Indonesia and China Fully Operational

Cross-border QRIS payment system breaks barriers between Indonesia and China, as it seamlessly allows merchants and customers in both countries to be able to do transactions through UnionPay's cross-border payment network.

1 week ago
tech

Anthropic disables top-tier AI models after US order limiting foreign access

Anthropic's relationship with the government ruptured this year after it refused to allow the US military to use its AI models for domestic surveillance and fully autonomous weapons systems, responded by the government by putting Anthropic on a supply chain blacklist, set to take effect later in the year.

1 week ago
tech

Russell Young of British School Jakarta brings CPR training to schools

17-year old Russell James Young finds purpose through his initiative Beatkeepers Collective in an effort to decrease death rates in emergency situations related to cardiovascular-related events, fostering a new generation of first aid responders.

2 weeks ago
companies

Airbus to inspect 16 A380s after cracks found on plane wings

The European Union Aviation Safety Agency (EASA) has ordered urgent inspections requiring airlines to examine the wing-spar structure on the affected jets after inspectors found cracks during routine maintenance checks.

1 day ago
companies

Al Hikmah Attains IBDP, A First For An International Islamic Boarding School in Indonesia

Al Hikmah Attains IBDP, A First For An International Islamic Boarding School in Indonesia

2 days ago
companies

Beyond El Niño: How Asian Agri builds communal, long-term fire prevention

As the dry season approaches, communities are becoming increasingly vital in the fight against land and forest fires.

2 days ago
companies

Local student empowers neurodiversity community by improving access to quality education

Ryan Angouw, founder of MagnaMinds, continues to advocate for neurodivergent students across Indonesia as he advances his mission to create a safe space and inclusive education for all.

4 days ago
markets

Asian stocks surge as Micron earnings ease AI fears

Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the red-hot AI rally that has pushed global stocks to record highs.

15 hours ago
markets

Dollar hits 13-month high as rate-hike bets, stock rout boost demand

Stock market volatility continued after a broad selloff of technology and semiconductor sectors dragged global shares lower, sparking safe-haven demand for the dollar and bonds.

1 day ago
markets

Asian stocks wobble after tech-led selloff, volatility risk highlighted

Asian stocks were wobbly on Wednesday, a day after a global selloff in technology and semiconductor shares, with analysts cautioning about the risk of renewed volatility.

1 day ago
markets

Yen hovers near 40-year low against dollar

Japan's finance minister said Tuesday that Tokyo was ready to take "resolute measures" as the yen came within a whisker of its 40-year low against the dollar.

2 days ago
markets

Crude prices drop after 'positive' US-Iran talks

Traders remain in buoyant mood after news that the two foes had paused their conflict, which had sent energy costs soaring and stoking inflation, sending shivers through the global economy.

3 days ago
markets

Dollar firms as cracks emerge in peace deal, shipping through Hormuz drops sharply

The dollar was firm on Monday as uncertainty clouded a tentative US-Iran peace deal following threats from President Donald Trump to restart the war in the Middle East and Tehran's announcement it had closed the Strait of Hormuz.

3 days ago

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