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Energy and Mineral Resources Minister Bahlil Lahadalia speaks on April 6 at the Energy and Mineral Resources Ministry office in Jakarta.
Energy and Mineral Resources Minister Bahlil Lahadalia speaks on April 6 at the Energy and Mineral Resources Ministry office in Jakarta. `
Regulations premium

Indonesia exempts oil and gas from export centralization

Speaking before the House of Representatives’ plenary on Wednesday, President Prabowo Subianto announced that exports of certain commodities will eventually be conducted through a single SOE.

4 hours ago
Economy

Euro zone economic activity contracts at fastest pace in over two years, PMI shows

Economic activity in the euro zone shrank at its sharpest rate in more than two-and-a-half years in May, as a war-driven surge in living costs hammered demand for services and pushed overall input price inflation to its highest in three-and-a-half years, a survey showed on Thursday.

4 hours ago
Economy

Steps to counter rupee's depreciation under consideration, India says

"We are monitoring the situation ... and several steps are under consideration. The situation is globally quite challenging," Goyal said. 

4 hours ago

The Latest

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Economy premium

Govt to turn Kertajati airport into regional Hercules maintenance hub

The plan was unveiled by Defense Minister Sjafrie Sjamsoeddin following his meeting with United States Defense Secretary Pete Hegseth last month, during which Hegseth conveyed his intention to build a maintenance hub for the Hercules aircraft.   

5 hours ago
Companies

Samsung strike averted but bonuses of $416,000 for some stoke concern

Samsung Electronics' shares surged on Thursday after it clinched an 11th-hour deal with its South Korean union to avert a strike, although the terms which included bonuses of around US$416,000 for some workers gave rise to some concern.

7 hours ago
Tech

Trump to sign order on AI oversight as security fears mount among supporters

US President Donald Trump is expected to sign an executive order on AI and cybersecurity as soon as Thursday, two sources familiar with the matter told Reuters, as pressure grows from parts of his political base to increase oversight of new AI models, such as Anthropic's Mythos.

9 hours ago
Markets

Dollar rises to six-week high on rate hike bets and war uncertainty

The US dollar hit a six-week high on Wednesday as investors came to terms with the possible need for higher interest rates to tackle inflation resulting from the Iran war.

21 hours ago
Regulations premium

Govt mandates coal, CPO exports through state agency

Speaking before the House of Representatives’ plenary on Wednesday, Prabowo said the policy was aimed at curbing under invoicing and transfer pricing, in which exporters underreport shipment volumes to reduce tax obligations.

1 day ago
tech

Trump to sign order on AI oversight as security fears mount among supporters

US President Donald Trump is expected to sign an executive order on AI and cybersecurity as soon as Thursday, two sources familiar with the matter told Reuters, as pressure grows from parts of his political base to increase oversight of new AI models, such as Anthropic's Mythos.

9 hours ago
tech

PSN’s Nusantara 5 satellite officially starts operations

Nusantara 5 (N5) satellite is Asia's biggest with a capacity of 160 Gigabits per second (Gbps) using the very high throughput satellite (VHTS) specification

4 days ago
tech

ASEAN told to strengthen approaches, frameworks for digital transformation

Beyond introducing new regulations, it is equally important to understand how institutions make decisions, coordinate implementation and respond to emerging challenges in practice.

4 days ago
tech

Big risks and rewards in upcoming IPOs at SpaceX, OpenAI, Anthropic

Wall Street is licking its chops over an unprecedented slate of massive IPOs set to arrive in the coming months, beginning with Elon Musk's SpaceX in June.

4 days ago
tech

YouTube, Snap and TikTok settle school district's social media addiction claims

In a landmark trial, a Los Angeles jury on March 25 found Meta and Alphabet's Google negligent for designing social media platforms that are harmful to young people.

5 days ago
tech

Musk accused of 'selective amnesia,' Altman of lying as OpenAI trial nears end

A lawyer for Elon Musk hammered at the credibility of OpenAI CEO Sam Altman on Thursday, near the end of a trial over whether to hold the ChatGPT maker and its leaders responsible for allegedly transforming the nonprofit into a vehicle to enrich themselves.

6 days ago
tech

EU chief turns up heat on social media's 'addictive' design

The European Union is working on new rules to protect children from the addictive designs of social media such as TikTok, Meta and X, EU Commission President Ursula von der Leyen said on Tuesday.

1 week ago
economy

Euro zone economic activity contracts at fastest pace in over two years, PMI shows

Economic activity in the euro zone shrank at its sharpest rate in more than two-and-a-half years in May, as a war-driven surge in living costs hammered demand for services and pushed overall input price inflation to its highest in three-and-a-half years, a survey showed on Thursday.

4 hours ago
economy

Steps to counter rupee's depreciation under consideration, India says

"We are monitoring the situation ... and several steps are under consideration. The situation is globally quite challenging," Goyal said. 

4 hours ago
economy

Under Trump pressure, EU agrees to implement US trade pact

EU lawmakers and member states reached a deal in the early hours of Wednesday to implement the bloc's nearly year-old trade pact with the United States, with President Donald Trump threatening new tariffs unless it is done by July 4.

1 day ago
companies

Samsung strike averted but bonuses of $416,000 for some stoke concern

Samsung Electronics' shares surged on Thursday after it clinched an 11th-hour deal with its South Korean union to avert a strike, although the terms which included bonuses of around US$416,000 for some workers gave rise to some concern.

7 hours ago
companies

At Samsung, the global AI boom spurred a looming strike and deep divisions

A looming 18-day strike at South Korean chip giant Samsung that has triggered worries within the government, rattled foreign investors and threatened global supply chains rests on one crucial question: who should share in the spoils of the AI boom? 

4 days ago
regulations

Indonesian ministers meet Chinese ambassador, firms after complaint letter

In a letter earlier ​this month to President Prabowo Subianto, copied to ​China’s ⁠embassy and seen by Reuters, the China Chamber of Commerce in Indonesia said ⁠Chinese ​firms faced "excessively stringent regulation, ​over-enforcement", and alleged corruption and extortion by authorities.

1 day ago
markets

Dollar rises to six-week high on rate hike bets and war uncertainty

The US dollar hit a six-week high on Wednesday as investors came to terms with the possible need for higher interest rates to tackle inflation resulting from the Iran war.

21 hours ago
markets

EM FX steady, stocks reel as bond selloff spreads on inflation fears

Bonds from Tokyo to New York extended losses on Monday as inflation fears stoked investor wagers on rate hikes from global central banks. G7 finance ministers in a meeting in Paris looked to find common ground to tackle imbalances from the selloff.

2 days ago
markets

Nations drawing down oil stocks at record pace: IEA

Countries are tapping into oil inventories and strategic reserves at a "record pace" due to the "unprecedented" supply disruptions caused by the Middle East war, the International Energy Agency said Wednesday.

1 week ago

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