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The government’s plan to assume direct ownership of the Indonesian stake in the Jakarta-Bandung high-speed railway project is up in the air following the sudden removal of Purbaya Yudhi Sadewa as finance minister.
2 hours agoThe LRT City projects, launched in 2016, have been hit by weak property sales, squeezing the cash flow of state-owned construction firm Adhi Karya, which manages the project. ...
9 hours agoThe disclosure comes amid circulating rumors that tycoon Haji Isam will acquire a 62 percent majority stake in Bayan. ...
11 hours agoAirAsia owes state-linked airport operator Malaysia Airports Holdings Berhad (MAHB) at least 500 million ringgit (US$123.6 million) for services including landing and parking fees.
12 hours agoHistory has been made. Representing Indonesia on the world stage, Sinarmas World Academy (SWA) has broken into the top five International Baccalaureate (IB) schools in the world, according to the newly released 2026 results from IB-Schools.com*.
13 hours agoStocks made tentative gains at the start of the Asian trading session on Wednesday as a rise in global bond yields and oil prices paused ahead of the Federal Reserve's policy decision due later in the day.
14 hours agoCiting data from the Shanghai Metals Market (SMM), Indonesia's coal exports totaled 36.10 million tonnes in August, down 23.34 percent year-on-year and 6.54 percent month-on-month, the lowest August level in five years.
17 hours agoThe new finance minister is expected to favor predictable policy and tighter governance even as Prabowo pushes for growth.
1 day agoThe head of the state-owned agribusiness has expressed frustration at the delay in installing managers at individual Red and White Cooperative units, describing it as “a form of structural sabotage”.
1 day agoKnown for his candor, Purbaya Yudhi Sadewa's tenure was marked by the fastest economic growth in three years, but also the widest budget deficit in over twenty years outside of the pandemic, and credit rating outlook downgrades by ratings agencies Fitch and Moody's.
1 day agoThe manufacturing sector’s contribution to GDP remains substantial, 19.1 percent in 2025, but its growth has lagged behind national growth, causing its share of GDP to decline over the past 15 years.
1 day agoThe Indonesia Stock Exchange (IDX) plans to issue the list of short-selling securities on Sept. 28, which is slated to take effect in October.
1 day agoIndonesia's next digital leap, rather than helping democratize access, must lead toward democratizing capability: using AI to generate value.
1 day agoStatistics Indonesia (BPS) acknowledged a 23 percent error rate in its mathematical model for estimating household expenditure in the Single National Socioeconomic Data (DTSEN).
1 day agoThe dollar inched up to trade near a two-week high on Tuesday as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will raise interest rates this week.
1 day agoThe Energy and Mineral Resources Ministry is targeting a carbon price of $40 per tonne, up sharply from the current level of $4-5 per tonne.
1 day agoSuahasil Nazara, former deputy finance minister, pledged after his inauguration to maintain a “healthy and credible” state budget.
2 days agoExisting bioethanol supplies can cover only about 3 percent of national demand for biofuel applications, according to the Investment and Downstream Ministry data.
2 days agoTruck refueling has also been shifted to the evening to ease congestion at gas stations.
2 days agoAnthropic CEO Dario Amodei called on AI companies to slow the rate at which they advance model capabilities amid mounting fears of misuse of artificial intelligence. Both Elon Musk, who runs xAI, and Sam Altman, CEO of OpenAI, said that they agree with Amodei.
2 days agoOil prices had been expected to rise on Monday amid growing concerns about risks to supply from Saudi Arabia, the world's largest oil exporter, whose East-West oil pipeline was shut on Friday by a drone strike that originated in Iraq.
2 days agoDespite objections from Danantara, the finance minister insists the dividends be transferred this year in line with President Prabowo’s instruction.
3 days agoThe cooperation has formed a working group that includes representatives from BP Tapera and is set to report its survey findings for potential development sites by the end of September.
3 days agoIndia and China's leaders pledged on Saturday to build up business and transport links, New Delhi said, as both rebuild ties badly damaged by a 2020 military clash on their disputed Himalayan border.
3 days agoSaudi Arabia has shut down its East-West pipeline, after the vital oil conduit came under aerial attack in the widening Middle East war, threatening to send energy prices even higher.
4 days agoA regulation imposed by former President Joe Biden's administration in early 2025 effectively bans all Chinese automakers from selling or building passenger vehicles in the US.
4 days agoThe stock market has seen a gradual recovery despite remaining vulnerable to foreign sell-offs amid global headwinds and lingering concerns over index provider MSCI’s upcoming review, with domestic investors increasingly in the driver’s seat.
4 days agoAs Indonesia expands its metal and aluminum capacity, GIFA and METEC Indonesia are positioning themselves as platforms to accelerate downstream processing, improve efficiency and strengthen the country’s industrial value chain.
5 days agoUnder the mechanism, the government seeks to expand the existing tax base, potentially doubling the current figure of Rp 8 trillion (US$454 million) to 12 trillion.
5 days agoBrent crude, the global oil benchmark, slipped to $104.77 a barrel on Friday after hitting $108 on Thursday, its highest level since May 19 and its biggest one-day jump in six weeks.
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