The company had previously failed to make the payment, valued at Rp 24.12 billion (US$1.4 million), which fell due on July 7, prompting the KSEI to postpone the distribution of returns to sukuk holders.

Protests over a data center complex in Johor state's southern tip — the epicenter of the boom — were the first of their kind in the country. In Selangor, the richest and most populous state, debate about the burden on communities has become politicized.

Concerns about the sustainability of the AI boom and questions over the eye-watering sums pumped into the sector continue to dog traders, as tech firms bear the brunt of selling.

Perry's departure comes just weeks after BI aggressively tightened monetary policy, raising its benchmark interest rate by a cumulative one percentage point to 5.75 percent through three hikes in the span of four weeks during May and June.

Cost is the major challenge facing the government's hydrogen vehicle ambition, primarily stemming from a need to develop systems that can produce cheap green hydrogen and the stark affordability of battery electric vehicles today.

A previous JETRO survey conducted in August and September of last year found that over a third of Japanese companies in Indonesia projected an increase in profits this year and everything shifted after the war began.

The announcement was made as President Lee Jae Myung visited San Francisco for talks with the heads of major US technology companies, including OpenAI CEO Sam Altman and Nvidia's Jensen Huang.

In the United States, Boring Company runs the Vegas Loop in Las Vegas, Nevada, which began transporting passengers in 2021.

President Lee's push to make South Korea a central player in the global AI supply chain comes as demand for chips and computing infrastructure outpaces supply, driving tech companies into closer partnerships with the country's semiconductor and memory leaders.

The European Commission on Thursday fined Google 890 million euros (US$1 billion) for breaching the Digital Markets Act (DMA), the bloc's landmark law policing the conduct of dominant online platforms.

Business groups warned that export-oriented manufacturers are likely to bear the brunt of the new tariff regime, particularly those heavily dependent on the US market.

Red Sea attacks, slow Hormuz transit and crude oil loading suspension tighten supply, push up prices.

The binding ruling now requires that tariff determinations include an obligation to offer services where unused data is preserved without additional fees under the pretext of extending validity periods.

The senior economy minister has divulged that Australia, Canada and China would join the US in receiving special treatment under the latest version of the DHE SDA policy, with the government set to discuss further details until announcing the final arrangement.

The tobacco industry is up in arms over a new set of rules that could cover everything from packaging and tar and nicotine content to additives, not least because of a lack of clarity from the government for the past two years until its issuance deadline on Sunday.

Goldman Sachs said Brent might exceed $120 a barrel in the fourth quarter and average $100 next year if the strait remains disrupted through 2027.

The levies, effective Friday, range from 10 percent to 12.5 percent and impact major economies like China, India and the European Union.

As building a strategic oil reserve primarily involves purchasing and storing oil that generates little to no profit, experts said the government must provide stronger incentives and assurances to attract private investors.

Europe's crackdown on Big Tech has angered US President Donald Trump's administration, which has threatened to retaliate with tariffs.

The submarine cable system reinforces Batam’s position as a digital hub, connecting Indonesia and Singapore to global markets.

The plant, located in the Karawang Artha Industrial Hill (KAIH) industrial estate, is scheduled to begin operations in the first half of 2027.

Bank Indonesia projects that loan growth in 2026 will be maintained within the range of 8-12 percent.  

Indonesia is among 14 economies facing a proposed 10 percent tariff linked to a US investigation into alleged forced-labor concerns.

Brent crude futures rose 2 percent to US$96 per barrel in early trading after the US launched a new round of strikes on Iran and Yemen's Houthis targeted oil tankers in the Red Sea.

The move comes as the United States under President Donald Trump fights a war with Iran that began in large part over concerns with Tehran's nuclear program, an issue that remains a key point of contention during now-stalled peace talks.

MSME Minister Maman Abdurrahman said that classifying online ride-hailing drivers as micro and small businesses would expand their access to government support programs.

Households in India have long relied on an informal army of domestic workers to mop floors, wash dishes and cook meals. A growing crop of tech start-ups is now attempting to bring structure to the unregulated sector.