Alibaba Group plans to train a new artificial intelligence model with between 5 trillion and 10 trillion parameters, chief executive Eddie Wu said on Tuesday, as the Chinese technology giant outlined a sweeping strategy encompassing AI models, chips and data centers.

Stock markets climbed on Tuesday as the success of Meta's new AI agent and US-China talks on artificial intelligence fanned a tech-led rally.

The government says pension fund coverage must be extended to include Indonesia’s massive informal sector and lift up the sluggish industry, but the push is constrained by low awareness and unstable incomes.  

The Independent Housing Stimulus Assistance (BSPS), which helps homeowners renovate their houses, had reached only 32.5 percent of its 400,000-unit target for 2026 as of Sept. 17.

Assuming all existing Ultrajaya shareholders do not exercise their rights to buy some of the new shares, FrieslandCampina International Holding B.V will hold a 30.81 percent stake in the combined entity following the merger of Ultrajaya and Frisian Flag Indonesia.  

The government has fully settled its remaining debt related to the Bank Indonesia Liquidity Assistance (BLBI) program issued during the 1997-1998 financial crisis, using Rp 55 trillion in Bank Indonesia surplus funds.

PT Nations Petroleum, an oil and gas company under the Arsari Group, owned by Hashim Djojohadikusumo, the younger brother of President Prabowo Subianto, secured the Natuna D-Alpha working area through the direct offer mechanism.

The meeting covered plans to "operationalize" a process agreed in May for each side to identify potential tariff cuts on non-strategic goods, called the "Board of Trade."

The House is currently discussing revisions to Law No. 17/2003 on state finance, which has long been used to anchor annual budgets by limiting the deficit to 3 percent of GDP and accumulated debt to 60 percent of GDP.

United States Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet on Sunday to try to tee up potential agreements on AI, tariffs and critical minerals for a high-stakes Washington summit this week between US President Donald Trump and Chinese President Xi Jinping.

State spending as of the end of August reached only 59.7 percent of this year's allocation as the new finance minister gears up to focus on fiscal continuity.

This pact seeks to make it easier for businesses and consumers to transact across Southeast Asia, covering areas such as e-commerce, digital payments, cross-border data flows and cyber security.

China has been cracking down on monopolistic behavior, ​most recently fining Trip.com 5.2 billion yuan (US$776.41 million) over what ​the regulator said was its online hotel-booking monopoly.

During a standard testing evaluation, Gemini found public information online and guessed credentials to access three websites it thought were within the scope of its test.

According to Bloomberg, Haji Isam previously offered around US$3 billion in cash to acquire a 62 percent stake in Bayan Resources, that would represent a discount of approximately 80 percent relative to the current market price.

Speaking at a media briefing, Fernandes said AirAsia was adept at managing cash and expected to raise more than $1 billion, mostly to refinance existing debt, by December or January.

Business association Apindo has pointed to delayed tax refunds potentially impacting cash flow and liquidity to affect companies' wider operations.

The spending limits have come under the spotlight since President Prabowo Subianto ​took office in October 2024 after making costly campaign promises and setting an 8% economic growth target.

The law requires products or restaurants without the certification in October to declare they do not comply with Islamic law, a step that could hit sales. In the absence of compliance, such products could be pulled from the market.

PLN detailed that the aggregate generation capacity of the hydroelectric plants fell from approximately 850 megawatts (MW) to 250 MW.

Newly-appointed Finance Minister Suahasil Nazara expressed appreciation for the proposal and said that DPD proposals would be a key topic in upcoming discussions with lawmakers on the 2027 state budget draft.

Discussions between the government and Malaysia Airlines and Batik Air have increased in recent weeks, the people said, amid growing concerns over financial pressures faced by AirAsia.

The US dollar hit a seven-week high against its major peers, underpinned by a jump in short-term Treasury yields as markets ramped up wagers that the Fed may have to lift rates again, with a move by December fully priced in.

The Fed's Federal Open Market Committee voted unanimously to raise rates by 25 basis points to between 3.75 and 4.00 percent.

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.  

The 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.

The disclosure comes amid circulating rumors that tycoon Haji Isam will acquire a 62 percent majority stake in Bayan.