Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.

The government wants to protect independent corner shops from growing networks like Indomaret and Alfamart, but their owners appear unconcerned about coexisting with large players.

At the heart of the plant is a naphtha cracker with a capacity of 3 million tonnes per year, capable of producing 1 million tonnes of ethylene and 520,000 tonnes of propylene annually.

The program includes the construction of 10 patrol vessels, the development of integrated maritime systems and regional monitoring centers, as well as the procurement of drones for aerial surveillance.

September's liquidity injection led to state-owned banks cutting their deposit rates by around 50 basis points (bps) and lending rates by around 11 bps, according to the Finance Ministry, which expects this to translate into stronger growth this quarter.

Asian markets rose Thursday to claw back some of the previous day's hefty losses as investors tracked a bounce on Wall Street sparked by jobs data that soothed worries about the US economy.

Agriculture Minister Andi Amran Sulaiman estimated that the free nutritious meal program would require an additional 700,000 tonnes of eggs and 1.1 million tonnes of chicken meat to meet demand.

The Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence chips, two sources familiar with the matter told Reuters.

Junkichi Yoshida, the newly appointed global president, representative director and CEO of Seiko Epson Corporation (SEC), has revealed plans to expand the company’s business across emerging markets in Southeast Asia, identifying Indonesia as a key contributor to Epson’s global growth.

The company also confirmed that the restructuring was permanent, with no conversion to contract-based positions or relocation to other units.

National economic growth remained above the 5 percent mark in the third quarter thanks to strong growth in exports.

Tech companies led a sharp sell-off across Asia on Wednesday as investors grow increasingly worried about an AI bubble following a rally this year that has seen valuations hit record highs.

The President also instructed that the high-speed railway project be extended to Banyuwangi, East Java, broadening the expansion plan that was initially intended to reach only Surabaya.  

The projects, part of a broader plan to build 33 plants nationwide worth a combined Rp 91 trillion (US$5.6 billion), are included in state utility PLN’s long-term electricity procurement plan (RUPTL) as renewables.

Norway's sovereign wealth fund, the world's largest, said on Tuesday it would vote against ratifying Tesla CEO Elon Musk's proposed compensation package, containing shares worth up to $1 trillion, at an annual general meeting this week.

Lawmakers and labor groups have pressed Michelin’s Indonesian subsidiary to suspend layoffs, amid protests and concerns over the company’s compliance with labor rules.

Indonesia can learn from the experiences of its regional peers in coming up with a localized strategy to achieve its targeted tax ratio of 15 percent by 2029.

The scheme will offer interest rates as low as 0.5 percent to regional administrations with eligible projects and will be channeled through state-owned infrastructure financing firm PT Sarana Multi Infrastruktur (SMI).  

The first glimmers toward ending a near-record long federal government shutdown were seen in the US Capitol on Monday, as leading Senate Republicans and Democrats talked of a possible "off-ramp" to the disruption.

Strong shipments of processed goods and higher-value exports helped maintain Indonesia’s trade surplus in September, while global energy prices, including coal prices, weakened.

Food prices rose 6.6 percent in October after a 6.44 percent increase in September.

Factory activity in Indonesia saw a modest improvement in October thanks to rising new orders, purchasing activity and employment, according to a monthly survey published by S&P Global.  

On a day when Facebook-parent Meta's share price plunged on the heels of disappointing quarterly earnings, demand for its bonds was reportedly four times greater than supply in a market keen to hold the social networking titan's debt.

The eight key members of the OPEC+ alliance, including Saudi Arabia and Russia, on Sunday said they had agreed a further slight hike to their oil production.

A new regulation allowing regional administrations and region- or state-owned enterprises (SOEs) to borrow money from the central government entails opportunities for local authorities but also poses risks to fiscal discipline, economists say.

BP-AKR stated that all governance and compliance aspects had been fully met, including aligning on the “commercial terms” that had been a sticking point for other industry players.

Facing deepening fractures in the global trade order, Asia-Pacific leaders adopted a joint declaration that emphasized the need for resilience and shared benefits in trade at the end of the annual APEC summit on Saturday.