Indonesia Business, Economy, and Investment News
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Companies
Nvidia CEO Huang quits after affair with suspected China spy
Huang was a central figure in the boom set off by the launch of OpenAI's ChatGPT in 2022, with Nvidia’s processors, once designed for video game graphics, becoming the crucial ingredient for building AI models.
17 minutes ago
Markets
Dollar near 19-month high on Fed hike bets, yen tests 160
The dollar held near a 19-month high on Friday after a strong week of gains on rising bets of a larger Federal Reserve rate hike, pushing the Japanese yen back near the key 160 mark that has left traders on alert for intervention.
1 hour ago
Markets
premium
Rupiah touches new low on Fed hike bets, politics
A strong US dollar and domestic political uncertainty have pushed the rupiah to a new record low, even as Indonesian stocks rose Thursday after the latest action by index provider MSCI left investors unfazed.
15 hours agoThe Latest
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Companies
premium
Haji Isam reportedly weighs bid for Eramet’s stake in Weda Bay Nickel
Coal tycoon Andi Syamsuddin Arsyad, better known as Haji Isam, is considering acquiring Eramet SA’s stake in one of the world’s largest nickel mines, Bloomberg reported, in a move that would mark the billionaire’s second major deal this year.
19 hours ago
Companies
premium
INA invests in Vena Group’s 2.8 GW renewable energy portfolio
Indonesia’s sovereign wealth fund is investing under a partnership with the Singapore-based solar and wind developer in projects at home and in the Philippines as part of a wider aim to accelerate the region's energy transition.
20 hours ago
Economy
premium
Indonesia, Norway strike carbon credit deal at COP31
The agreement, touted as one of the largest transactions to date under Article 6.2 of the Paris Agreement, targets the sale of 12 million tonnes of carbon dioxide equivalent by 2038.
22 hours ago
Markets
Asian stocks fragile, Nvidia plummets as board to decide CEO's fate
Global stocks wobbled at the start of Asian trade on Thursday, while Nvidia shares plunged in after-hours trading on news that its board may oust longtime CEO Jensen Huang.
1 day ago
Economy
premium
Danantara doubles overseas bets as Indonesia seeks capital at home
The state asset fund plans to increase overseas investments and establish offices in major financial hubs, even as experts question whether its expanding international footprint will deliver enough benefits to the domestic economy.
1 day agoPopular
- Ten years lost in two
- Three-finger salute raised high, broad and multifaceted in Indonesia
- 'Rhizomatic' movements help youth voice political messages
- Veep drama
- BREAKING: Gibran hands resignation letter to Assembly
- House presses ahead with Gibran impeachment
- 120 lawmakers sign petition that could lead to Gibran's impeachment
- When politicians claim success, statisticians take the blame
- The twilight of RSPO: A multistakeholder sustainability forum
- VP Gibran hands in resignation as Jokowi expresses support for Prabowo
tech
WIDTH, NawaData partner to support compliance and risk management
WIDTH is an artificial intelligence-driven, all-in-one compliance and risk decision intelligence platform while Nawadata builds software for banks and financial institutions.
1 day ago
tech
France claims Iran behind 'unprecedented' cyberattacks on fridges
France on Monday said Iran's Revolutionary Guards were behind cyberattacks on supermarket fridges in the country last month, vowing sanctions on a European level against Tehran over the first such large-scale cyber-sabotage on French territory.
2 days ago
tech
Google unveils $15b data center investment in Malaysia
Malaysia accounts for more than half of under-construction data center capacity among Southeast Asian countries, including Indonesia, Thailand, the Philippines and Vietnam.
1 week ago
tech
Crypto exchanges call for quick moves to bolster defenses after Binance heist
The industry will need to move urgently, analysts and industry executives said, as United States President Donald Trump's regulators promote deeper integration of digital assets into the financial system, raising the stakes for an industry with a history of big hacks.
1 week ago
tech
Crypto platform Binance confirms major hack, more than $2.5b frozen
Some said it could be the biggest-ever cyberattack of its kind, with a haul exceeding the $1.5 billion stolen in February 2025 from the Bybit platform.
2 weeks ago
economy
China's trade surplus soars past $1 trillion as AI boom powers exports
China's trade surplus surged past US$1 trillion in the first 10 months as a global race to build AI infrastructure buoyed sales of high-tech products and helped offset weak domestic demand, even as imports to the world's second-largest economy grow at a faster pace that its exports
3 days ago
companies
Nvidia CEO Huang quits after affair with suspected China spy
Huang was a central figure in the boom set off by the launch of OpenAI's ChatGPT in 2022, with Nvidia’s processors, once designed for video game graphics, becoming the crucial ingredient for building AI models.
17 minutes ago
companies
Nvidia probes whether CEO Huang was target of foreign spying as he admits affair
Nvidia said on Sunday its board was probing whether CEO Jensen Huang had been the target of a foreign intelligence effort, after a media report alleged he had a close relationship with a Chinese businesswoman who passed information to Beijing.
4 days ago
markets
Dollar near 19-month high on Fed hike bets, yen tests 160
The dollar held near a 19-month high on Friday after a strong week of gains on rising bets of a larger Federal Reserve rate hike, pushing the Japanese yen back near the key 160 mark that has left traders on alert for intervention.
1 hour ago
markets
Asian stocks fragile, Nvidia plummets as board to decide CEO's fate
Global stocks wobbled at the start of Asian trade on Thursday, while Nvidia shares plunged in after-hours trading on news that its board may oust longtime CEO Jensen Huang.
1 day ago
markets
Bonds reel as hot inflation fuels jumbo Fed hike fears
Global bonds tumbled and the dollar stayed firm after a hot United States inflation print and hawkish central bank rhetoric raised the risk of an outsized half-point rate hike from the Federal Reserve next month, though stocks remained resilient.
2 days ago
markets
Tech stocks stage partial rebound while dollar gains after US jobs data
Tech shares rose Friday, recovering a fraction of losses from the prior session's rout as the dollar rallied after better than expected US jobs data.
5 days ago
