Yamaha is reportedly looking to shut factories producing musical instruments in Indonesia because of weak market demand.

Three major powers have submitted proposals on developing a nuclear power plant in the country, according to Kadin’s energy and mineral resources deputy.

The source said the test will begin in the second quarter this year, but they do not expect the subscription service to earn meaningful revenue until next year at the earliest.

World stocks are on track for their worst week since mid-December, slumping more than 2 percent.

Singapore may have to keep waiting for green electricity from Indonesia, as Jakarta demands a reassessment of the deal, but analysts warn that overcomplicating negotiations will put Indonesia at a loss.

National Economic Council (DEN) member Chatib Basri acknowledges that the current administration has little room to boost growth through monetary or fiscal policy, making structural reform the only viable option.

The acquisition marks another expansion of the fintech business after a launch of its digital banking app called Krom in early 2024.

On Feb. 19, MR.D.I.Y. Indonesia celebrated its latest industry milestone by opening its 1000th store, further cementing its position as Indonesia’s largest home improvement retailer. This historic store, located in Bulukumba, South Sulawesi, is another significant step of MR.D.I.Y. Indonesia’s mission in providing high quality products at an affordable price for families across the country, from Sabang to Merauke.

In a reversal from a plan announced in December, the senior food minister has said the government will continue to import sugar as it looks to boosting domestic production, though the planned import ban would be imposed on rice, corn and salt.

The President’s top adviser and brother has said several foreign investors have expressed interest in collaborating on national strategic projects in Indonesia's hydropower, geothermal and solar sectors alongside Danantara as coinvestor.

Two state-owned enterprises (SOEs) will be its first and major players, namely state-owned pawnbroker PT Pegadaian, a subsidiary of state-owned lender Bank Rakyat Indonesia (BRI), and Bank Syariah Indonesia (BSI), the country’s largest sharia bank.

Industry Minister Agus Gumiwang Kartasasmita has announced the signing of a memorandum of understanding (MoU) with the tech giant, paving the way for the local content certificates to be processed “immediately”.

President Prabowo Subianto inaugurated Indonesia’s first-ever bullion bank in a ceremony on Wednesday at The Gade Tower in Central Jakarta.

“Can we do it? Yes, we can. I don’t know how long it will take, but insya Allah [God willing], with strong determination, we will make it happen," the President said on Tuesday

Indian ambassador to Indonesia Sandeep Chakravorty said the two countries could work together in the energy transition. This included, he claimed, finding ways to process coal, which the two countries are heavily reliant on, into cleaner energy.

Perum Damri plans to introduce a nationwide travel pass in 2026, inspired by the Eurail Global Pass connecting countries within Europe.

Chairman of BPKN Mufti Mubarok said on Wednesday that there's enough evidence to show that Pertamina mixed high-octane fuels with lower-octane fuels and marketed them as premium quality product, noting that consumers could file a class action lawsuit against the company.

The agency noted that a majority of proposals were primarily bids to serve as contractors or suppliers for projects in the area.

"Over the next three years, we envisage that AI could reduce the need to renew about 4,000 temporary/contract staff across our 19 markets working on specific projects," a spokesperson from the Singapore bank told AFP on Tuesday, confirming earlier reports.

President Prabowo Subianto has praised nuclear power as the “cleanest energy source” and is also banking on the technology in the areas of health care and agriculture.

Indonesia in October prohibited the marketing and sale of the iPhone 16 model over Apple's failure to meet local investment regulations requiring that 40 percent of phones be made from local parts as the country seeks to boost investments from giant tech companies.

President Donald Trump opened yet another front on Tuesday in his assault on global trade norms, ordering a probe into potential new tariffs on copper imports to rebuild US production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods.

Despite setbacks, sustainability initiatives will likely continue, driven by investor and consumer pressure which put environmental, social,and governance (ESG) concerns as priority, and long-term economic benefits like energy efficiency and renewable energy sources continue to be proven cost-effective, thus making sustainability initiatives attractive. 

The wealth fund is committed to optimizing the role of SOEs as the backbone of national development, contradicting President Prabowo's promise to have the private sector lead the way.

Nickel smelter PT Nickel Gunbuster Industry (GNI) has dismissed concerns over a possible shutdown due to the collapse of its China-based parent company, insisting that it remains operational.

An association named the "victims of SOE Istaya Karya" has urged lawmakers to fulfill the bankrupt construction firm's financial obligations to vendors, some of which have been waiting more than a decade to be paid.

The Nusantara Capital City (IKN) Authority had been hoping for a slice of Danantara’s capital to support the megaproject’s development, its head Basuki Hadimuljono said on Monday.