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Economy
premium
Govt aims for year-end launch of tax-friendly financial center
An early draft version contains stipulations on special legal and taxation powers, which experts say could leave the country open to illicit financial activities such as money laundering with few economic benefits.
1 hour ago
Economy
Indonesia, Singapore sign agreement on cross-border electricity project
Indonesian sovereign wealth fund Danantara and Singapore's Keppel Electric, Sembcorp Industries and Singapore Energy Interconnections have signed a memorandum of understanding for a cross-border electricity project, Singapore's prime minister said on Monday.
4 hours ago
Economy
premium
South Sumatra CNG station on fast track to slash LPG imports
In a bid to cut annual LNG imports totaling around Rp 500 trillion to fill a gaping shortfall of nearly 7 million tonnes, the government is pushing to accelerate development on a CNG central compression station to exploit substantial methane reserves in South Sumatra.
5 hours agoThe Latest
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Regulations
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Government slows down rollout of cooperatives program
The government has slashed by half its planned rollout of KMP units in October from 80,000 to just 40,000, while the finance minister is adamant that any unnecessary augmentations to the original program will be ditched before implementation.
6 hours ago
Markets
Asian shares slip as earnings loom, oil weighed by supply
Asian share markets eased on Monday as caution took hold ahead of a crucial earnings season for the artificial intelligence sector, while the potential for increased supply weighed on oil prices and promised relief from inflationary pressures.
11 hours ago
Companies
Less Hassle, More Flavor: Uncover the City with Gojek’s Jalan Jajan
School holidays are officially here, bringing with them comes the perfect excuse to rediscover our own neighborhood. This season, Gojek is transforming the way Indonesians explore their cities with the launch of Jalan Jajan, a curated, hyper-local recommendation playbook embedded right inside the Gojek app while championing local business.
11 hours ago
Regulations
premium
Danantara's new fund risks reopening old infrastructure funding pitfalls
Corporate filings show Danantara chief technology officer Sigit Puji Sentosa is expected to lead new fund DDMF, while Rachmat Kaimuddin, currently deputy for basic infrastructure coordination at the Office of the Coordinating Infrastructure and Regional Development Minister, has been appointed to its executive team.
15 hours ago
Regulations
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Industry backs biometric SIM card registration, seeks lower fees
As Indonesia begins biometric SIM card registration for new subscribers, operators and cybersecurity experts say the policy's success will depend on infrastructure readiness, digital literacy and strong data protection.
1 day agoPopular
- Danantara's new fund risks reopening old infrastructure funding pitfalls
- Australian firm to invest $350m to build RI's first battery precursor plant
- Mass grief in Iran at Khamenei funeral after US, Israel war killing
- Modi’s Jakarta visit seeks to strengthen Indonesia-India ties
- Rethinking how Indonesia funds its universities
- Europe's baked rice bowl seeks escape from drought
- Plan for a new climate body met with opposition
- Drought tightens grip across Indonesia
- Industry backs biometric SIM card registration, seeks lower fees
- China says successfully conducted test missile launch in Pacific Ocean
tech
OpenAI reportedly proposes handing US government 5 percent stake
OpenAI has discussed giving the US government a 5 percent stake, the Financial Times reported on Thursday, as AI firms face growing scrutiny in Washington over the potential misuse of advanced models and whether Americans will share in the sector's profits.
4 days 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.
1 week 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."
1 week ago
economy
Indonesia, Singapore sign agreement on cross-border electricity project
Indonesian sovereign wealth fund Danantara and Singapore's Keppel Electric, Sembcorp Industries and Singapore Energy Interconnections have signed a memorandum of understanding for a cross-border electricity project, Singapore's prime minister said on Monday.
4 hours ago
economy
Europe's baked rice bowl seeks escape from drought
Pavia is at the heart of Italy's rice-making industry. The province regularly produces nearly 5 million tonnes of the grain each year. But this year there was not enough spring rain and its rice farmers are despondent.
1 day ago
economy
Slowing US job growth poses midterms challenge for Trump
The United States posted weaker-than-expected job growth in June as new data showed the labor market is facing headwinds ahead of testing midterm elections for President Donald Trump's Republicans.
3 days ago
companies
Less Hassle, More Flavor: Uncover the City with Gojek’s Jalan Jajan
School holidays are officially here, bringing with them comes the perfect excuse to rediscover our own neighborhood. This season, Gojek is transforming the way Indonesians explore their cities with the launch of Jalan Jajan, a curated, hyper-local recommendation playbook embedded right inside the Gojek app while championing local business.
11 hours ago
premium
companies
Mercedes demos set stage for wave of German auto protests
Thousands of workers demonstrated outside Mercedes-Benz factories in Germany Friday over the premium carmaker's cost-saving plans, kicking off an expected wave of protests in the country's crisis-wracked auto industry.
2 days ago
companies
UK cigarette giant BAT to cut 5,500 jobs globally
The maker of Lucky Strike and Dunhill cigarettes aims to save £600 million ($792 million) a year by 2028 in a restructuring that will affect around 20 percent of BAT's 47,000-member workforce, it said in a statement.
1 week ago
companies
VW weighs up to 100,000 job cuts, four plant closures, sources say
Volkswagen is considering shutting four German factories and ramping up job cuts to as many as 100,000, two people familiar with the matter said on Friday, in what could be the biggest ever overhaul in the industry.
1 week ago
premium
markets
Asian shares slip as earnings loom, oil weighed by supply
Asian share markets eased on Monday as caution took hold ahead of a crucial earnings season for the artificial intelligence sector, while the potential for increased supply weighed on oil prices and promised relief from inflationary pressures.
11 hours ago
markets
Chinese investors flock to Hong Kong as trading curbs tighten
Soon after disembarking at Hong Kong's train station, Chinese private investor Feng was opening a stock trading account at a nearby brokerage, hoping to evade tighter restrictions on capital leaving the country.
2 days ago
markets
Asian markets rise as beaten tech stocks enjoy respite from selling
Asian stocks rose Friday as tech firms enjoyed a much-needed reprieve from the heavy selling of recent weeks, with a big miss on US jobs creation soothing worries over a Federal Reserve interest rate hike.
3 days ago
markets
Asian shares fall as chipmakers drag; US jobs data looms
Asian shares skidded on Thursday as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes.
4 days ago
markets
Yen stumbles to 40-year low as clock ticks on intervention
The yen slumped to levels not seen since 1986 on Tuesday, stoking worries that direct intervention from Tokyo was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the US rate outlook.
6 days ago
markets
Asian stocks set for record-breaking quarter; dollar sinks gold and yen
Asian stocks wobbled toward the end of a sparkling quarter on Tuesday, while a resurgent dollar pushed the yen to a four-decade low and was headed for a fourth straight quarterly rise.
6 days ago
