Tim Cook will be replaced by company veteran John Ternus, who joined Apple’s product design team in 2001 and rose to become senior vice president of hardware engineering over the following two decades.

The state asset fund said construction of the inaugural WtE project is unlikely to begin before June, with operations expected to start no earlier than mid-next year.

Batam is rapidly transforming into a regional digital infrastructure hub, anchored by a landmark hyperscale data center expansion that underscores the island’s growing strategic relevance in Southeast Asia’s data economy.

Deputy Investment and Downstream Minister Todotua Pasaribu stated that the facility is expected to begin production in 2028, with a capacity of 60,000 kiloliters per year.

The shipment was supplied by PT Dahana’s ammonium nitrate plant in East Kalimantan, which can produce up to 75,000 tons annually.

The electricity supply will be used gradually for operational support of the DayOne data center in the Kabil Industrial Tech Park (KITP) during the period from 2026 to 2027.   

The ceasefire in the Iran war, due to run until Tuesday, was in doubt after the US seized an Iranian cargo ship and Tehran's top military command vowed to retaliate.

While the revision is seen as a potentially effective measure to bolster inclusive funding, experts warn that it may distort Indonesia’s banking industry focus from commercial lending to national development.  

Pertamina has significantly raised the prices of several nonsubsidized fuel products effective Saturday as blockades in the Middle East and economic sanctions continue to roil the global oil market.

Officials have vowed uninterrupted market access amid an ongoing probe into the incident, as well as wider audits and reforms targeting long-term system credibility.

The gold miner is targeting output of 60,000 oz this year if its Martabe mine in Batang Toru, South Tapanuli, North Sumatra, one of the worst-affected regions in the 2025 Sumatra disaster, resumes operations as scheduled in mid-May.

The strategic Strait of Hormuz was again closed on Sunday in the stand-off between Iran and the United States, with Iran's powerful parliament speaker signaling a final peace deal remained "far" off despite some movement in negotiations.

Iran's military declared the Strait of Hormuz closed again on Saturday, prompting ships to abandon attempts to transit the waterway and President Donald Trump to warn Tehran against trying to "blackmail" the United States.

The move is part of the administration's effort to control global energy prices that have shot higher during the US-Israeli war on Iran.

However, some prospective buyers said they may hold off on purchasing an EV if incentives are reduced.

The government has announced that Indonesia will soon begin importing crude oil from Russia as part of a broader strategy to diversify energy supplies.

Finance Minister Purbaya Yudhi Sadewa said that S&P would come to Indonesia in June to reassess the country’s economy and budget “thoroughly”.

The government projects excess domestic supply of around 1.5 million tonnes in 2026, which could be allocated for exports.

Energy and Mineral Resources Ministry said in February that Shell had become the latest private fuel retailer to seek base fuel supplies from Pertamina, with its import recommendation still under review.

The oil and gas shortage caused by the United States-Israeli war on Iran should drive demand for renewables, but Indonesia’s inadequate grid infrastructure means a long waiting list remains for rooftop solar installation.  

The policy aims to close the widening gap between national sugar demand and local output while pushing the country closer to its sugar self-sufficiency target.

The International Monetary Fund and foreign investors see Indonesia as one of the world’s “bright spots” with strong economic fundamentals and resilience, despite the country’s vulnerability to global economic turmoil, according to Bank Indonesia.  

The state logistics agency said the increase was needed to meet rising demand as consumers shift from bulk cooking oil to Minyakita, partly driven by soaring plastic prices amid the Iran war.

The tourism industry is beginning to feel the impacts of the Iran war, prompting the government to shift its strategy toward boosting regional and domestic travel.

China's economic growth topped expectations in the first quarter of the year, official data showed Thursday, even as the global economy reels from the fallout of war in the Middle East.

Foreign investors are selling Thai assets as an energy shock from the US-Israeli war on Iran threatens to snuff out hopes for an economic revival under Prime Minister Anutin Charnvirakul and exposes the policy paralysis that is gripping Bangkok.

Tourism Minister Widiyanti Putri Wardhana sat down with The Jakarta Post’s Ni Made Tasyarani and Chloe Djalal to explain how the ministry aims to meet its targets in the tourism industry, including tourist arrivals.