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The inclusion of state asset fund Danantara in the Financial System Stability Committee (KSSK) on the same day Perry Warjiyo's exit was announced further fueled concern over political intervention.
3 hours agoThe senior economy minister says Jakarta has submitted a request to Washington that Indonesian palm oil be exempted from Trump's latest tariff regime, even as the country remains subject to a separate US probe into alleged excess manufacturing capacity. ...
7 hours agoMarcos made the suggestion in a wide-ranging State of the Nation speech that placed spiralling energy costs and inflation, driven by the war in the Middle East, centre-stage. ...
8 hours agoIf not corrected, the seats could injure passengers and crew members during an emergency landing or block the aisle and slow an evacuation, the agency said.
8 hours agoThe journey of an AQUA bottle begins long before it reaches consumers, with protected mountain ecosystems, advanced science, and a nationwide distribution network working together behind the scenes.
8 hours agoLocal soybean farmers have produced just 8 percent of national demand over the past five years, according to a senior food official, who also said the government was cooking up a variety of strategies, including a targeted subsidy, to boost output to accelerate its self-sufficiency agenda.
9 hours agoBank Indonesia has been under pressure to support Prabowo's big-growth agenda, even as the rupiah slid to an historic low in June amid concern over Indonesia's fiscal management and central bank independence.
10 hours agoSK hynix and Samsung lost around 13 percent, dragging the Kospi index down 10.2 percent, having earlier been paused for a 20-minute circuit-breaker.
12 hours agoMost of Australia's domestic oil refineries were built during the 1950s and 1960s, but high operating costs and the emergence of large refineries across Asia forced many to shut down over the past three decades.
14 hours agoIndonesia recorded 32,389 layoffs in the first half of this year, with nearly one-fifth of the job losses occurring in West Java.
16 hours agoIndonesia's automotive market is not in decline but is undergoing a reset. While higher interest rates and affordability pressures have softened new-car sales, the market's long-term fundamentals remain intact. Electrification, urbanization and manufacturing investment are reshaping the industry and creating the foundation for its next phase of growth, according to Lukmanul Arsyad, an Industrials & Services Leader and Partner at PwC Indonesia.
23 hours agoEconomists noted that Perry's successor must be a respected technocrat with deep monetary-policy experience and sufficient independence from political interests.
1 day agoDesignated a National Strategic Project (PSN), the smelter is designed to process up to 900,000 tonnes of concentrate annually from the Batu Hijau and, in later, Elang mines.
1 day agoThe 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.
1 day agoProtests 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.
1 day agoConcerns 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.
1 day agoPerry'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.
1 day agoCost 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.
2 days agoA 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.
2 days agoThe 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.
2 days agoIn the United States, Boring Company runs the Vegas Loop in Las Vegas, Nevada, which began transporting passengers in 2021.
3 days agoPresident 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.
3 days agoThe 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.
3 days agoBusiness 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.
4 days agoRed Sea attacks, slow Hormuz transit and crude oil loading suspension tighten supply, push up prices.
4 days agoThe 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.
4 days agoThe 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.
4 days agoThe 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.
4 days agoGoldman Sachs said Brent might exceed $120 a barrel in the fourth quarter and average $100 next year if the strait remains disrupted through 2027.
4 days agoThe levies, effective Friday, range from 10 percent to 12.5 percent and impact major economies like China, India and the European Union.
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