According to the Tourism Ministry, of 470,000 accommodations listed on nine online travel agents platforms, only around 31,000 accommodations are listed with a verified business registration number (NIB). 

One company that had fallen victim to the war was PT Xacti Indonesia, formerly known as Sanyo, which had been axing workers since last year due to financial hardships and was forced to close shop permanently this month.

The benchmark indexes removed PT Dian Swastatika Sentosa from its large-cap index and dropped PT Daaz Bara Lestari, PT Hillcon and PT Mulia Industrindo from the small-cap index.

The state-owned infrastructure financier has struck a deal with local solar project developer GREI as part of efforts to accelerate the national energy transition and boost green financing.

Singapore's economy grew 6 percent year-on-year in the first quarter as demand skyrockets for artificial intelligence chips, balancing the fallout from the Middle East war, the government said Monday.

Stocks surged on Monday while the US dollar and oil prices slid as the prospect of a deal to end the Iran war buoyed risk appetite although a lack of clarity over when the Strait of Hormuz would open kept enthusiasm in check.

Indonesia has maintained relatively low bond yields, reducing the spread with US Treasuries, but economist views differ on whether that is a vote of confidence in Indonesia’s economy or an unhealthy market condition.

The Trade Ministry plans to expand the definition of trade conducted through electronic systems under Trade Minister Regulation No. 31/2023 on electronic commerce to include ride-hailing services and online travel agencies (OTAs).

With people increasingly adopting Artificial intelligence to help plan their vacations, hotels are working to make sure that you check them out – and check in.

The potential export deal follows an earlier Agriculture Ministry projection that achieving rice self-sufficiency had placed the country in a position to start exporting the staple grain.

Speculation swirled Friday over the last-minute collapse of President Donald Trump's planned executive order on powerful AI models, with fingers pointing at the president's allies in Silicon Valley who oppose government oversight of the technology.

European Union countries will face large bills for defense, energy and pensions in the next 15 years, the International Monetary Fund told EU finance ministers on Saturday, suggesting a mix of reforms, consolidation and joint borrowing as a way to manage that.

The EU executive team including Sejourne will hold a special debate next Friday on how the 27-nation bloc should approach China to level the playing field.

Middle-class Indonesians are among the groups most vulnerable to currency depreciation, because a larger share of their spending is impacted by changing exchange rates.

Asia-Pacific trade envoys gathered in China are expected to discuss multilateral cooperation, trade imbalances and supply chain resilience in the face of global shocks, including the US-Israeli war on Iran.

According to Bloomberg, notifications went out beginning in the early morning hours, with Singapore-based workers among the first to be informed.

E5 rollout will be concentrated in key high-consumption regions: East Java, Jakarta, West Java, Banten, Central Java and Yogyakarta.

Under the Agreement on Reciprocal Trade (ART) with the United States signed on Feb. 19, Indonesia agreed to exempt US investors from a regulation requiring natural resource exporters to keep their earnings in Indonesia for a certain duration.  

Asian stock markets rose Friday as optimism over US-Iran talks buoyed equities, though higher oil prices kept inflation concerns in focus.

Incoming Federal Reserve chair Kevin Warsh will be sworn in at the White House on Friday, taking the reins of the US central bank as it faces unprecedented pressure from President Donald Trump to cut interest rates.

The new policy signals a shift toward tighter state control over trade, and experts warn that, if not implemented carefully, it could undermine the goal stated by the government, which is to boost state revenue collection by preventing invoicing fraud.

The Middle East war is driving up the cost of public debt in rich countries, which could jam state budgets and push governments to unfold austerity policies, economists warn.

Speaking before the House of Representatives’ plenary on Wednesday, President Prabowo Subianto announced that exports of certain commodities will eventually be conducted through a single SOE.

Economic activity in the euro zone shrank at its sharpest rate in more than two-and-a-half years in May, as a war-driven surge in living costs hammered demand for services and pushed overall input price inflation to its highest in three-and-a-half years, a survey showed on Thursday.

"We are monitoring the situation ... and several steps are under consideration. The situation is globally quite challenging," Goyal said. 

The plan was unveiled by Defense Minister Sjafrie Sjamsoeddin following his meeting with United States Defense Secretary Pete Hegseth last month, during which Hegseth conveyed his intention to build a maintenance hub for the Hercules aircraft.   

Samsung Electronics' shares surged on Thursday after it clinched an 11th-hour deal with its South Korean union to avert a strike, although the terms which included bonuses of around US$416,000 for some workers gave rise to some concern.