US petroleum giants ExxonMobil and Chevron released blowout profits Friday due to the Middle East war, as executives cautioned that elevated gasoline prices will probably continue to strain consumers.

The "create image" tool, unveiled Thursday, had integrated Google's Nano Banana 2 image-generation technology into Google Earth, letting users zoom into locations and build pictures in seconds based on the program's satellite, aerial and 3D-mapping data.

AI safety experts say the new disclosures paint a portrait of a group of cutting-edge labs whose ability to develop dangerous autonomous hacking agents outstrips their ability to keep them under control.

In 2024, Singapore secured an exclusive deal with Taylor Swift to make the country her only stop in Southeast Asia, despite her massive fan base in neighboring markets, including Indonesia.   

Less than a week after Perry Warjiyo resigned as the head of Bank Indonesia (BI), names of potential candidates for his replacement have begun to surface.

The government is accelerating the operational launch of the 510-megawatt Batang Toru hydroelectric power plant to reinforce Sumatra’s electricity system, which remains under strain following a hydrological disaster that toppled five transmission towers in November last year.

The President has announced plans to step up railway development across the country, beginning with a cross-island network on Sumatra, as a cost-efficient “instrument of economic democratization” that would improve public transport connectivity, particularly for lower-income communities and people in smaller towns.

China's factory activity unexpectedly slid in July, official data showed Friday, as leaders in the world's second-largest economy struggle to reignite domestic demand.

Business spending on equipment increased at a 15.2 percent pace, notching a second straight quarter of double-digit growth.

Asian markets rallied hard with Wall Street on Friday as South Korea's battered market made a record comeback, stirring hopes that the recent selloff in AI-linked assets may be near an end.

Beijing condemned the duties imposed on China and 59 other countries over alleged forced labor concerns, and warned Washington against waging a trade war.

The mass mortgage signing ceremony on July 30 came as the government attempts to revive housing distribution in spite of the mounting challenges facing Prabowo's "3 million homes" program, including slower disbursements, rising construction costs and weaker spending power amid unwavering demand.

The Rokan zone alone drills nearly 500 wells annually, the highest tally of any single operating area in Indonesia.

The financing package comprises a concessional loan of approximately 230 million euros and a 6-million-euro technical assistance grant from KfW, alongside counterpart funding from the Indonesian government.

Demutualization will allow external stakeholders to acquire shares in the exchange, with state asset fund Danantara having expressed its interest in securing some stakes.   

The Fed held rates at 3.50-3.75 percent for the fifth straight meeting, with Kevin Warsh denying that he was reticent to take action against high prices.

Brent futures slipped below US$90 per barrel, after jumping over 7 percent a day earlier as fighting in the Middle East escalated, although data showed tankers continued to make their way out of the region despite the continued strikes.

The core problem lies in the chemical nature of the biofuel, which readily absorbs water, causing premature fuel injector damage and faster filter contamination.

Indonesian products may lose their US markets to other countries with lower tariffs and better cost of doing business, according to the Indonesian Employers Association (Apindo).  

How BSD City and D-HUB SEZ are helping shape Indonesia’s journey toward Indonesia Emas 2045

The public housing minister is doubling down on protecting consumers of the delayed multi-project LRT City development, calling on stakeholders to suggest solutions while urging an investigative audit by the BPK to assess the actual condition of state-owned developer ACP.

The real challenge facing policymakers in the second half of the year is not simply between stability and growth, but whether they can maintain the former toward the latter so as to nurture confidence in Indonesia's economy.

The state asset fund will simply join next Monday's KSSK meeting as an "invitee" without voting rights, the finance minister has explained, citing the P2SK Law as permitting its participation, but at least two top economists are skeptical that its very presence and inputs might color the committee's decisions.

Oil prices jumped after fresh attacks in the Middle East shattered the relative calm of recent days in the US-Iran war as investors fret about the impact of depleting supplies on prices and global rates.

SK hynix is a specialist supplier of high-bandwidth memory chips to US industry behemoth Nvidia and a pillar of South Korea's tech-led economy.

Coordinating Economy Minister Airlangga Hartarto said that government’s long-delayed EV incentives would be tied to “the development of the national electric motorcycle and car projects.”

Science-based nutrition is helping Indonesia tackle iron deficiency anemia, one of the country's biggest threats to children's future health, learning and productivity.