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Oil prices rose to their highest levels since late April on Friday, with benchmark crude contract Brent North Sea climbing above US$116 a barrel as the Middle East conflict raged on.
12 minutes agoIndustry representatives estimated that Bulog needed to build factories with production capacity of 1,500 to 2,000 tonnes per month and a workforce of 1,000 to 1,500 people, if it wanted to pursue the plan. ...
8 hours agoThe government is stepping up efforts to shift toward more targeted direct cash transfers as part of its social protection system, while looking to expand access to financial services to improve household welfare. ...
17 hours agoNatural gas production from East Kalimantan's offshore region is targeted to increase to about 750 million standard cubic feet per day (mmscfd) starting Nov. 1, driven by an additional supply of about 290 mmscfd from JNE#6 and the development of the Maha-South Hub field.
23 hours agoAccording to the business chamber, only around one-third of businesses planned to invest in the near future, while others are taking a wait-and-see approach.
1 day agoSK Hynix on Friday put on hold a planned listing in the United States for its Solidigm chip unit due to market volatility — a move which also comes after South Korean authorities raised concerns that the deal could undermine shareholder interests.
1 day agoGovernment agencies and major organizations in the US, UK, EU, Singapore and Japan have been treating PHP2Shell as a global cybersecurity emergency and have taken websites completely offline as a precaution while applying security fixes.
1 day agoAsian shares fell on Friday as concerns over the enormous funding needs of AI hammered tech and led to the biggest daily rally in Treasuries in more than three years, with investors fleeing to sovereign bonds and safe-haven currencies.
1 day agoAs one of Indonesia Eximbank’s flagship programs, the Coaching Program for New Exporters (CPNE) initiative is aimed at Indonesian businesses that have never directly exported before, with an expected output of new exporters, new products, or new markets.
1 day agoThe country’s installed capacity stands at about 468 megawatts, with more than 1.5 gigawatts under construction and another 4.6 GW in the pipeline.
1 day agoIt posted a negative return of 0.5 percent in the quarter, dragged down by a negative return of 3.5 percent in its fixed-income investments, while its equity and property portfolios increased by 0.5 percent and 0.4 percent respectively.
1 day agoPHP helps run about 70 percent of the world's websites -- from online stores and news outlets to government services -- according to Wiz Research, one of the cybersecurity firms that found the two flaws.
1 day agoThe government is considering halting natural gas exports to neighboring countries as Coordinating Downstreaming and Energy Transition Minister Bahlil Lahadalia says Indonesia must prioritize domestic needs as it enters what he described as “survival mode.”
1 day agoA Fitch statement released on Wednesday forecast Indonesia's GDP growth would likely hover around 4.9 percent in 2027 and 2028, nowhere near the President’s ambitious 8 percent target despite an upward revision from an initial projection of 4.7 percent.
2 days agoGovernment websites in Europe and elsewhere went offline on Wednesday after the disclosure of critical vulnerabilities in a widely used programming language sent website operators around the world scrambling to protect their systems.
2 days agoThe Indonesian National Air Carriers Association (INACA) said airlines had limited flexibility to cut costs during the disruptions, as safety remained paramount and some operating expenses continued even when flights were grounded.
2 days agoMSCI ratcheted up the pressure on Jakarta by announcing that it could demote Indonesia's equities to "standalone" market status, claiming the country had not done enough to crack down ​on coordinated trading practices in its stock market.
2 days agoThe newly acquired land is intended for future expansion of the Bait Jemaah complex, an integrated development for serving haj pilgrims from Indonesia and elsewhere, from accommodation to retail services.
2 days agoThe finance minister has checked the government's latest move to try and expand the role of the flagship cooperatives program by doubling down on the current mechanism of bank transfers to pay civil servants' salaries.
3 days agoOne of the new pro-growth policies Bank Indonesia announced on Wednesday was a reduction in the statutory reserve requirement, or the minimum amount of funds banks have to deposit at the central bank to cover their liabilities and ensure liquidity within the banking system.
3 days agoPertamina also recently increased Biosolar distribution by 20 percent in Padang, West Sumatra, to address long queues at gas stations that the company attributed to surging demand for subsidized fuel.
3 days agoAsian markets rallied Wednesday as tech firms enjoyed a much-needed rebound, with investors taking heart from upbeat earnings that lifted sentiment ahead of a crucial reporting season.
3 days agoIn a reversal from last year’s tend, foreign direct investment (FDI) accounts for the lion’s share of realized investment in Indonesia so far this year, as domestic investors hold back.
3 days agoIn response to the moves, the IDX Composite climbed more than 5 percent on Tuesday, rebounding from a nearly 15 percent drop over Friday and Monday.
3 days agoFor many regions, ferries are not merely a transport option; they provide essential access to jobs, education, health care and markets. Ferry tariff policies must therefore do more than keep travel affordable. They must also ensure that operators can deliver reliable and safe services.
3 days agoIndonesian coal prices rose to US$154 per tonne for coal with a calorific value of 6,330 kcal/kg.
4 days agoJakarta's benchmark index rose 3 percent on Tuesday, after hitting a six-year low in the previous session as the world's worst-performing stock market this year dropped 14.8 percent over Friday and Monday.
4 days agoCrude prices resumed their climb as markets weighed an executive order from US President Donald Trump that waived some sanctions and tariffs on Russian energy.
4 days agoTwo years into Prabowo Subianto’s presidency, the economy is showing respectable growth and contained inflation despite global pressure, but many Indonesians say they struggle to secure higher incomes or better jobs.
4 days agoThe government said its decision to extend by two years deadlines originally set for October 2026, primarily for F&B and pharmaceutical, cosmetics and personal care goods, was based on input from various associations.
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