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Beyond producing sugar for domestic consumption, the government wants to turn sugarcane waste into ethanol to fuel its biofuel ambitions.
3 hours agoPresidential 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. ...
4 hours agoIndonesia 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. ...
5 hours agoBrent 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.
8 hours agoExperts 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”.
12 hours agoThe 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.
21 hours agoThe 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.
1 day agoChinese 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.
1 day agoPlane 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.
2 days agoThe 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.
2 days agoThe 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.
3 days agoSince 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.
3 days agoArtificial 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.
3 days agoThe 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.
3 days agoRepeated cases of missed bond payments could raise concerns about the government's contingent liabilities related to troubled state-owned enterprises (SOEs).
3 days agoSince 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.
3 days agoRather than focusing solely on visibility metrics, organizations should ensure their brands are represented consistently across credible sources.
4 days agoVery 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.
4 days agoMost 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.
4 days agoExperts 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.
4 days agoOfficial says other countries are weaponizing technology chokepoints as competition shifts to hardware manufacturing and compute infrastructure.
5 days agoThe 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.
5 days agoThe 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.
5 days agoUS consumer inflation cooled more than expected in June as energy costs fell on a temporary easing of the US-Iran war, government data showed Tuesday, but renewed hostilities could stoke price pressures.
5 days agoExperts suggested that workforce reductions would likely be framed as early retirement or voluntary resignation packages accompanied by generous compensation.
5 days agoTo make the scheme financially viable, the government has set a domestic reference price for nonsubsidized diesel at Rp 18,600 per liter, based on average production costs.
6 days agoIn the first and second weeks of July, average daily transactions reached only Rp 10 trillion to Rp 11 trillion, down sharply from more than Rp 22 trillion in June 2026.
6 days agoFrench companies are leading two of the eight selected consortia, while Chinese firms will participate in at least four projects, including two as consortium leader.
6 days agoA new study by Pearson, conducted in partnership with Amazon Web Services, Inc. (AWS), finds that more than half of employers worldwide are unable to find graduates with the AI skills they need.
6 days agoStocks fell and oil hit a one-month high in Asian trading on Tuesday after President Donald Trump said the US was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20 percent fee on cargo traversing the Strait of Hormuz.
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