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State asset fund Danantara Indonesia expects PT Garuda Indonesia to become profitable again in 2026, citing a comprehensive transformation underway within the firm.
27 minutes agoChina's factory output and retail sales grew at their weakest pace in over a year in October, piling pressure on policymakers to revamp the US$19 trillion export-driven economy as mounting supply and demand strains threaten to further curtail growth. ...
4 hours agoThe growth comes with mounting challenges, from the soaring power requirements that could strain limited energy supplies to water-related risks such as competition over water resources needed to cool the facilities. ...
7 hours agoSuspected cesium contamination in exported footwear adds to a string of incidents tarnishing the “Made in Indonesia” brand and prompting industry representatives to demand better detection.
17 hours agoAt a House meeting on Tuesday, industry association AETI and state miner Timah urged better enforcement of existing policies to improve governance and boost revenue from the critical mineral.
21 hours agoToday’s business and financial environment is becoming increasingly complex, driven by persistent geopolitical tensions, trade disruptions and volatile markets.
21 hours agoAhead of an anticipated bill to amend the 2001 Oil and Gas Law, the upstream regulatory body has urged lawmakers to design a new exploration financing framework.
23 hours agoIn addition to food provision, BGN is also planning to open more than 8,000 kitchens in remote areas, which would require an extra Rp 14.1 trillion.
1 day agoPresident Donald Trump signed a bill Wednesday to end the longest government shutdown in US history -- 43 days that paralyzed Washington and left hundreds of thousands of workers unpaid while Republicans and Democrats played a high-stakes blame game.
1 day agoStocks and gold paused for breath on Thursday as the US Congress voted to end the longest government shutdown on record, with markets waiting for the resumption of US economic data to gauge the rates outlook.
1 day agoTighter integration between banks, insurers and online travel portals could spur the pilgrim travel economy and give rise to products catering to individual travelers, balancing accessibility with consumer protection.
1 day agoThe government has confirmed ongoing merger talks between GoTo and Grab, with state asset fund Danantara taking part in the process amid mounting losses from the state-owned firm’s investments in GoTo.
1 day agoGlobal oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from its previous expectations of a speedy transition to cleaner fuels and predicting that the world will likely fail to achieve climate goals.
1 day agoFord is exploring the possibility of building a local assembly plant in West Java with operations expected to begin in 2027.
1 day agoThe government estimates that the poultry farming initiative could create around 3 million direct and indirect jobs over the next four years.
2 days agoEquities rose in Asia on Wednesday as the US shutdown nears an end and after fresh jobs data boosted the chances of a third successive Federal Reserve interest rate cut.
2 days agoIn a regulation signed in June, President Prabowo Subianto redefined the under-construction city of Nusantara as a “political capital”, marking a shift from former president Joko “Jokowi” Widodo’s vision of “global green city” built to international standards to symbolize the country’s transformation by 2045.
2 days agoWhile preliminary BI data indicates consumers' growing confidence in the economy, an economist has pointed out a decline in the ratio of consumption to income suggested cautious optimism.
2 days agoThe merger process involving PT Pertamina Patra Niaga, PT Kilang Pertamina Internasional and PT Pertamina International Shipping is expected to be concluded by Jan. 1.
2 days agoBP Batam says it is looking at consortium BIB to take over the Hang Nadim airport expansion project after original contractor WIKA withdrew, apparently due to ongoing financial troubles.
2 days agoPrabowo’s 3 million housing program was recently removed from the list of National Strategic Projects (PSN), raising concerns over the continuity of state-backed support.
2 days agoBy early November, average weekly spending growth in the fourth quarter reached 1.9 percent week-on-week, a marked improvement from 0.8 percent in September and almost flat readings during July and August.
3 days agoThe longest-ever US government shutdown moved forward Monday toward an eventual resolution, after several Democratic senators broke ranks to join Republicans in a 60-40 vote passing a compromise deal -- sparking intra-party backlash.
3 days agoUS President Donald Trump said the United States faced an economic and national security disaster if the Supreme Court ruled against his use of an emergency powers law to impose sweeping tariffs against nearly every country.
3 days agoThe government has put back in motion a long-delayed plan to redenominate the rupiah, likely by cutting off three zeros, but economists warn the plan could cause more problems than it solves.
3 days agoThe homegrown tech giant saw a surge in shares on Monday morning after the state secretary's statement on Friday, which revealed the government was discussing a potential merger between GoTo and rival Grab in relation to a new ojol regulation currently being drafted
3 days agoThe plan includes 63 percent of the proceeds going to the airliner's low-cost subsidiary Citilink to strengthen its cash flow and clear a US$225 million debt to Pertamina, according to the disclosure document.
3 days agoToyota and Pertamina aim to establish a joint venture for the project by early 2026.
4 days agoThe US Senate on Sunday moved forward on a measure aimed at reopening the federal government and ending a 40-day shutdown that has sidelined federal workers, delayed food aid and snarled air travel.
4 days agoWhile the share of formal employment improved, analysts warned that many of these positions were short-term or contractual, offering little job security and potentially dampening worker morale and productivity.
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