As part of its long-term diversification strategy, United Tractors has moved to purchase the under-construction Doup project by acquiring a 100 percent stake in gold miner PT Arafura Surya Alam.

A newly issued regulation due to take effect in November formalizes the OJK's policy to boost loan disbursement for MSMEs through eased access as part of its credit flow revitalization strategy.

The government aims to encourage household spending and boost growth with a year-end stimulus package, the third such measure after those January and June.

Even as Russia builds warm ties with China and India, the return of barter shows just how far the war in Ukraine has distorted trading relationships for the world's biggest producer of natural resources, three decades after the 1991 collapse of the Soviet Union ushered in Russian economic integration with the West. 

Though the United States decided against deportation, images of the workers being chained and handcuffed during the raid caused widespread alarm in South Korea.

US Democrats have asked the Trump administration to press China to curb "structural overproduction", essentially overhauling Beijing's economic model, as Treasury Secretary Scott Bessent holds talks with Chinese officials in Spain.

Growing concern about debt levels in developed economies could see some bond investors look to emerging market issuances as an alternative, but in Indonesia, they will want answers about the new finance minister and the burden-sharing scheme with Bank Indonesia (BI).

Environmentalists have blamed the deadly floods on overtourism and overdevelopment, particularly the conversion of agricultural land into commercial buildings.  

Trains in resource-poor Japan are increasingly being powered by renewable energy sources, as their operators seek to do their part in the country's drive to achieve carbon neutrality by 2050 to combat global warming.

A new House proposal for Danantara to invest in domestic fertilizer factories aims to tackle the industry's long-standing issue of import dependency as part of a strategy to overhaul the subsidized fertilizer system.

Following the FDA’s advisory over contaminated frozen shrimp from Indonesia, the government revealed it had detected the same radioactive isotop in scrap metal imports from the Philippines, though it has not confirmed a link between the two.

French politicians sounded the alarm after the Fitch agency downgraded the country's credit rating, with the outgoing interior minister on Saturday blaming the move on "decades of fiscal mismanagement".

Managed by the country's central bank Norges Bank and fueled by its vast energy revenues, the fund is the world's biggest, with a value of nearly $2 trillion and investments in more than 8,600 companies across the globe.

Social mobility, sociologists note, could be restored through better access to education and more job opportunities, but that would require industrialization, investment and a stronger formal sector.

Experts warned that the regulation could further hurt the domestic ethanol downstream sector, even as Indonesia plans to launch a mandatory ethanol-based biofuel program.  

The new formula introduces a tiered system where companies will receive additional credit for labor and overhead if they produce in-house, and a lower score if they rely on contract manufacturers.

The proposed plan to merge Pertamina's Pelita Air and national carrier Garuda Indonesia is part of a broader strategy to restructure SOEs and improve their competititveness toward eventual consolidation under Danantara, while strengthening the aviation industry.

Weda Bay Nickel is a joint venture of Indonesia's Antam and Singapore-based Strand Minerals, whose shares are divided between French mining giant Eramet and Chinese steel major Tsingshan. 

Taiwan’s Center for Food Safety (CFS) is reviewing all related product lines to determine whether other Indomie variants have been affected.

While the new finance minister has promised not to make any major changes to next year's draft budget and instead focus on fiscal discipline, Sri Mulyani's departure has left markets nervous about her replacement's policy direction.

A battery plant co-owned by Hyundai Motor is facing a minimum start-up delay of two to three months following an immigration raid last week, Hyundai CEO Jose Munoz said on Thursday.

The government noted that only a few accredited laboratories are currently capable of advanced food testing.

The current job availability index fell further into pessimistic territory at 93.2, highlighting lingering pressure in the labor market.

Experts cautioned that the policy could unintentionally encourage companies to hire only workers who live nearby.  

The government has announced plans to shift some state deposits from the central bank to commercial banks to allow for more loan disbursements and thereby invigorate private sector activity in a bid to achieve 6 to 7 percent gross domestic product growth.

Economists argue that the root cause lies in public dissatisfaction that has been building over fragile social and economic conditions.

Asian equities mostly rose Thursday as investors built on this week's rally after US data ramped up expectations for a string of interest rate cuts. Jakarta jumped after the government said it plans to inject around $12 billion into the economy.