The state asset fund is evaluating the development of its investment in GoTo and has yet to determine the size of any additional stake. 

President Prabowo Subianto had mandated the government to extend the repayment period from 30 to 40 years to ease homebuyers’ installment burden.

If completed, the integration would combine the global and domestic strengths of both entities and potentially create one of the country’s largest financial institutions, with combined assets exceeding Rp 480 trillion (US$27.5 billion).

Indonesians effectively pay more to fly from Jakarta to Surabaya than from Denpasar to Sydney, a signal that something in the structure of the domestic market is not working as it should.

Oil prices climbed on Tuesday as US-Iran talks stalled, while markets were mixed as traders appeared to shrug off uncertainty over the 10-week-old war.

Japan and the US reaffirmed their close cooperation in dealing with exchange rate moves, including on currency intervention, Japanese Finance Minister Satsuki Katayama told reporters after a meeting in Tokyo with her US counterpart, Scott Bessent, on Tuesday.

The closure of steelmaker PT Krakatau Osaka Steel (KOS) has sparked fears that Indonesia’s steel industry crisis is deepening, undermining the government’s self-sufficiency push in the strategic sector.

The government believes that climbing commodity prices have created windfall profits for mining companies, requiring an adjustment to the state's revenue share.

Visitors from the Middle East, Europe and the US typically spend more and stay longer in Indonesia compared with tourists from other regions, Tourism Minister said.

Indonesia has held two tax amnesties, in 2016 and 2022, the first of which was initiated on the fallout from the Panama Papers leak that revealed data on individuals holding assets offshore, many in tax haven countries.

In Barma Baru village, Meyado district, Teluk Bintuni regency, West Papua, change is evident. TK Negeri Barma Baru, a kindergarten that for years had to endure a cramped, plywood-partitioned space, now stands in a more suitable building with much more adequate facilities.

The dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher.

In an exclusive interview with The Jakarta Post, Deputy Creative Economy Minister Irene Umar highlights a new focus on pushing underdeveloped roles, such as community management and QC testing, to grow the local gaming industry for global appeal.

President Prabowo Subianto has called on ASEAN member states to accelerate the development of renewable energy and make progress on the long-proposed Trans-Borneo Power Grid, warning that energy security is an “urgent” necessity amid instability in the Middle East.

The already constrained global copper market is likely to worsen on the miner's decision to postpone resuming full operations at the Grasberg mine by a year, primarily because its key underground mine is yet to recover from last September's fatal landslide, according to its president director.

China's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher.

Indosat Ooredoo Hutchison has consistently shown consistent momentum and numbers, recording steady year-on-year growth over the past three consecutive quarters.

The share of the elderly population continues to climb and exceed10 percent for the first time in 2025.

US employment rose more than expected in April, alleviating some concerns about the health of the world's largest economy even as one measure of consumer confidence came in at its lowest-ever level.

Though the finance minister did not specify which countries would be exempted from the latest forex earnings rule, set to enter into force on June 1, this may apply to the US under the terms of the ART.

The Confederation of Indonesian Trade Unions (KSPI) has partly attributed the production halt and planned shutdown of steelmaker PT Krakatau Osaka Steel (KOS) to muted demand from the Nusantara capital city (IKN) project in East Kalimantan.  

Oil prices rose and stocks slipped as the US and Iran exchanged fire in the Middle East, though many markets in Asia were still heading for stellar weekly gains as AI demand swept up chipmakers.

The ruling blocks the tariffs from being implemented against just two companies and the state of Washington for now, but it could open doors to further such outcomes.

State takeovers, interventions and investments in the private sector as part of a broader policy direction have met with mixed reception, with some cautioning that potential overreach could dampen investor sentiment and the business climate.

The share of formal employment in Indonesia has been shrinking in recent years even as the official employment rate has come down, which points to deteriorating job quality in the country’s labor market.  

Amid growing global demand for critical minerals to support the energy transition, PT Vale Indonesia Tbk has reaffirmed its commitment to integrating sustainability into its financing strategy through securing a US$750 million sustainability-linked loan (SLL) facility.

The cross-border QRIS payment link between Indonesia and China, which went live on April 30, is expected to expand to other Chinese digital payment platforms, including WeChat Pay, industry and central bank officials have said.