The true cost of subsidized Pertalite was now twice its retail price, Bahlil told an unrelated event on Sunday, highlighting the government's part in covering the gap to avoid burdening consumers as global crude prices surged.

Nvidia said on Sunday its board was probing whether CEO Jensen Huang had been the target of a foreign intelligence effort, after a media report alleged he had a close relationship with a Chinese businesswoman who passed information to Beijing.

The Democrats’ flipping of Congress could increase pressure on the White House, but Trump retains broad authority over trade and foreign policy, leaving Indonesia and other exporters exposed to protectionist US import tariffs.  

Danantara Sumber Daya Indonesia’s (DSI) role as the sole intermediary, which begins next year, is narrower than the one outlined by President Prabowo Subianto on May 20, when he said the export body would oversee everything from contract negotiations to product shipments.

Finance Minister Suahasil Nazara emphasized the need to grow investment by 7 percent to help reach the country’s gross domestic product target. 

Airlines are installing deluxe seats, enlisting Michelin-star chefs for luxury menu offerings and designing elite airport lounges as the industry bets its future on growing demand for premium travel.

Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer urged Chinese Vice Premier He Lifeng in a call to implement terms of the pact agreed in Busan, South Korea, in October 2025.

Tech shares rose Friday, recovering a fraction of losses from the prior session's rout as the dollar rallied after better than expected US jobs data.

The latest e-Conomy SEA 2026 report published by Google, Temasek and Bain & Company in October highlights Indonesia as “the largest digital field of digital banks”, with a total of 17 entities operating since 2021.    

The official unemployment figure has increased this year and the amount of workers informally employed has been sustained at about the same level, which reflects a trend that Indonesia should reverse soon to avoid getting caught in the middle income trap.

Industry Minister Muhammad Sarmuji said the government was examining the factors behind the slowdown and exploring possible solutions.

A steep rout in technology stocks on Friday rippled through markets on fears that the Democrats' victory in the United States midterm elections would increase regulatory scrutiny of AI and slow the data centre build-out, sending investors to the safety of bonds.

Annual growth in outstanding loan at peer-to-peer lending firms also slowed to 17.02 percent in September from 22.07 percent in August.  

A month since the SDI was passed on Oct. 6, the clock is ticking as it counts down to the government's two-month deadline to produce implementing regulations on integrating data from across multiple institutions.

The Nasdaq Composite fell 5.5 percent on investor fears that the Democratic Party's sweeping midterm victory could stall AI infrastructure expansion and force a reckoning for smaller firms whose capacity to raise funds has already been limited by higher interest rates and tighter financial conditions.

Asia's tech-heavy markets sank on Friday as fear of increased regulatory scrutiny and a slowdown in AI build-out unleashed the steepest fall in US stocks since the tariff-triggered "Liberation Day" rout a year and a half ago.

An improved trade balance has helped Indonesia achieve strong gross domestic product growth in the third quarter, even as consumer spending and business investment slowed down from the preceding three months.

Household expenditure, the largest contributor to the growth, climbed five percent on-year, while investment jumped 6.1 percent.

A senior minister highlighted the significant price gap between what Indonesia receives for selling commodities to neighboring countries and the prices at which they are eventually traded in their destination markets.  

Democrats' resounding sweep to a majority in Congress gives them a big microphone and spotlight to scrutinize President Donald Trump's trade policies, but largely leaves them unable to override his veto on any vote to overturn his tariffs or rescind trade authorities, trade and legal experts said on Wednesday.

As factories embrace automation and high-tech manufacturing, workers are at risk of being left behind unless the government adapts vocational training to changing labor demands.  

Foreign investors stepped up their selling on Tuesday as news of the wiretapping case began circulating, recording net sales of Rp 575 billion (US$31.7 million) as the IDX Composite Index tumbled 3.78 percent.  

Malaysia accounts for more than half of under-construction data center capacity among Southeast Asian countries, including Indonesia, Thailand, the Philippines and Vietnam.

Nickel industry group warned that if the fee is too high, it could eat into companies’ margins and reduce the price competitiveness of local commodities in overseas markets.  

Finance Minister Suahasil Nazara has projected that this year’s gross domestic product growth will touch 5.4 to 5.5 percent, in line with the state budget plan.

NTT Data's expansion comes as demand for data center capacity rises in Indonesia, fueled by accelerating AI development.   

Launched by Sinar Mas Land’s sector-agnostic corporate venture capital firm Living Lab Ventures, Innolab aims to help global companies build tangible and sustainable business opportunities in the Indonesian market.