Finance Minister Purbaya Yudhi Sadewa said the financial center, known as PFII, is expected to draw foreign investment and help accelerate the country's growth.

The comfortable lead Indonesia has enjoyed against its regional peers in attracting foreign investment is beginning to narrow as the competitive map shifts to quality.

The reprieve ​comes at a fragile moment for Southeast Asia's biggest economy as the still-looming threat of a downgrade from index provider MSCI has made Jakarta stocks, ‌Asia's worst-performing major stock market this year, down 28 percent.

A procurement of fans for tens of thousands of cooperatives under the government’s Red and White Cooperatives (KDMP) program would amount to roughly Rp 2.56 trillion, significantly more than the Rp 1.8 trillion figure that sparked uproar last week.

Beyond producing sugar for domestic consumption, the government wants to turn sugarcane waste into ethanol to fuel its biofuel ambitions.  

Presidential special advisor for labor and workers' welfare Said Iqbal said he believes the actual number of workers affected by layoffs is higher than the official figures reported by the Manpower Ministry.

Indonesia has for a long time sought to develop ​its financial sector and hopes to provide wealth management services to rival ​neighboring Singapore, where many rich Indonesian families choose to invest.

Brent crude hit on Monday its highest price since June due to renewed fighting between the United States and Iran, while Asian equities were mixed as investors weighed the fallout of a prolonged Middle East war.

Experts noted that the risk of banks getting too reliant on the funds “is real” and a dependency cycle might materialize as banks grow accustomed to the idea that the funds are a “permanent source of liquidity”.

The Abadi Masela project, a long-delayed liquefied natural gas (LNG) megaproject, finally broke ground on Thursday, marking a critical milestone for a development that promises to reshape Indonesia’s energy landscape.

The decision comes as several major tourist destinations have raised visa fees this year, including Japan, which introduced its first visa fee increase in nearly 50 years.

Chinese AI startup DeepSeek is planning to launch a fresh fundraising round at a valuation of about 500 billion yuan (US$74 billion) ahead of a potential mainland initial public offering, two people with knowledge of the matter said.

Plane manufacturers must build nearly 44,000 new planes over the next two decades to meet new growth and replace older planes, according to Boeing's new annual forecast.

The government's proposal to reclassify ride-hailing drivers as microbusiness owners has drawn mixed reactions, with labor unions pushing for employee status, some drivers preferring to remain partners with stronger legal protections and platform operators backing the government’s initiative.  

The government has imported around 770,000 barrels of Russian crude oil, according to a Bloomberg report, though the energy ministry says further verification is necessary to determine the composition and source of the fuel that makes up the so-called Indonesia blend.

Since the program’s launch in July last year, President Prabowo Subianto’s administration has added multiple tasks and broadened the cooperatives’ scope of work from grocery stores to managing community oil wells.

Artificial intelligence should not be dominated by a single country, China's President Xi Jinping said Friday, urging international cooperation on its development at a major conference in Shanghai.

The Financial Services Authority (OJK) has proposed implementing universal banking in the planned Indonesia International Financial Center (PFII) to streamline business licensing and boost the country’s investment appeal.  

Repeated cases of missed bond payments could raise concerns about the government's contingent liabilities related to troubled state-owned enterprises (SOEs).

Since slowing down in the fourth quarter of 2025, investment has been growing at around 7 percent, a pace well below the average seen in previous years.

Rather than focusing solely on visibility metrics, organizations should ensure their brands are represented consistently across credible sources.

Very generous tax rules are among the incentives the government is considering to lure global investors to take part in developing the country's inaugural financial hub.

Most Asian stocks sank on Thursday as tech firms came under renewed pressure from worries over the AI boom, with Seoul again taking the brunt of the selling, while oil prices rose further as the US and Iran continued to trade strikes.

Experts warn that without the intensive mentoring long associated with microfinance, an area in which the Red and White Cooperatives still lag, the loans risk turning into bad debt.

Official says other countries are weaponizing technology chokepoints as competition shifts to hardware manufacturing and compute infrastructure.

The banking industry has seen a whopping 260 percent increase in suspected online gambling transactions from 2024 to 2025, according to the OJK, which is working to enhance interinstitutional system integration, enforcement coordination and technological capacity to crack down on the evolving criminal sector.

The Finance Ministry has announced that the capacity of the Coretax platform will be expanded gradually this month to handle all tax-related matters, in an aim to enable better oversight, data accuracy and administrative effectiveness, as well as to increase taxpayer confidence.