In total, Bali electricity demand is estimated to exceed 1.2 gigawatts (GW), but it only produces 961 megawatts (MW) from power plants on its soil, according to Global Energy Monitor data in 2023.  

China and Hong Kong shares rose on Wednesday after Beijing set an ambitious economic growth target and vowed more support for domestic consumption and the tech industry as a trade war with the United States heats up.

Earlier in the day, China also imposed import levies covering $21 billion worth of US agricultural and food products including soybeans, wheat, meat and cotton.

Bank Indonesia (BI) has reiterated its use of triple intervention policies to stabilize the market, supported by large foreign exchange reserves, which stood at US$155.7 billion in December 2024. However, volatility persists, often following political events related to the US government.

Under this plan, future investors will rent Sritex’s industrial machines and restart operations, bringing back workers under newly formed corporate entities, Nurma said.

Customers are up in arms over the massive corruption scandal implicating Pertamina, with some turning to more expensive but quality-assured rival brands and others deliberately purchasing potentially doctored nonsubsidized fuel to ensure that taxpayer-funded subsidies reached their intended recipients.

VinFast -- Vietnam's first homegrown car manufacturer -- hopes to compete with global EV giants such as Tesla but has struggled to break into the international market. 

CP Foods is part of agro-industrial conglomerate Charoen Pokphand Group, which owns the country's second-largest mobile network and largest convenience store operator. 

Short selling was previously set to be implemented in March or April this year with a target for short selling transactions to increase the market’s liquidity by 2 percent to 3 percent. 

Canada and Mexico, which have enjoyed a virtually tariff-free trading relationship with the US for three decades, were poised to immediately retaliate against their longtime ally.

Maroef’s appointment as president director of MIND ID has added to the broader trend of President Prabowo Subianto appointing his allies and aides to key strategic positions.

According to Danantara CIO Pandu Sjahrir, the new sovereign wealth fund will complement the INA's work by investing its funds and creating jobs to drive economic growth.

PT LG Electronics Indonesia (LG) is conducting a one-month long environmental drive, “Better Life When We Recycle” aimed at raising public awareness about the importance of coping with the fabric waste issue.

TSMC has already begun producing advanced 4-nanometer chips for US customers in Arizona.

The SOEs minister has vowed to reform Pertamina, including by possibly merging PT Pertamina Patra Niaga and PT Kilang Pertamina Internasional, two of at least three subsidiaries currently embroiled in a fraud and corruption probe by the AGO related to fuel imports in 2018-2023.

Asia’s trade environment is shifting rapidly, influenced by trends such as nearshoring, digital transformation and geopolitical realignments. With intraregional trade now making up 57 percent of Asia’s total trade, up from 54 percent in 2000, the region is more interconnected than ever.

Strong domestic demand ahead of the fasting month drove Indonesia's manufacturing PMI to a new high last month, but analysts say declining export orders signal trouble ahead amid persisting cost pressures.

Last month marks the first month of annual deflation since March 2000, BPS said.

The policy will reduce prices for flights booked between March 1 and April 7. The flights themselves must be taken between March 24 and April 7.

Asian share markets made guarded gains on Monday as investors waited anxiously to see if imminent tariffs would go ahead, while bitcoin surged on news it would be included in a new US strategic reserve of cryptocurrencies.

Set to officially launch in 2027, the cap-and-trade scheme will be separate from the voluntary carbon market as well as from the limited mandatory one for coal-fired power plants, both introduced in 2023.

According to Hashim, these funds will be partially funneled into Danantara, Indonesia’s newly established sovereign wealth fund (SWF).

The stakes are high for the monthly US jobs report in the coming week, as investors gauge whether a string of worrisome data is signaling significant concern about the economy.

The Purchasing Managers' Index (PMI), a key measure of industrial output, came in at 50.2 in February, according to the National Bureau of Statistics (NBS), above the 50-point mark that separates growth and contraction.

Deputy Cooperatives Minister Ferry Juliantono says that dozens of cooperatives have applied to obtain mining permits following the passage of a controversial revision to the 2009 Mining Law.

The government has done little to strictly impose architecture regulations, which experts suggest is due to its difficult situation in balancing economic benefits and the adverse impact on local culture. 

The social media platform owned by China's ByteDance is the latest in a string of big tech names to announce major spending projects in the kingdom, after Amazon, Google and Microsoft.