Indonesia’s milk production currently only covers 21 percent of total national demand, leaving a deficit of 4.6 million tonnes per year.

Standard Chartered Indonesia has extended its partnership with PT Mitra Bisnis Keluarga Ventura (MBK) through a new loan facility worth Rp 385 billion, which is set to support approximately 128,000 women across Indonesia.

A global shift in coal markets, along with ongoing geopolitical tensions, have left local miners scrambling to realign their strategy to offset shrinking export opportunities by shifting their focus to domestic sales and making inroads into smelting.

The new facility, located in the central province of Ha Tinh, has an initial annual capacity of 200,000 units and spans 36 hectares (90 acres), the company said in a statement. 

The Group of Seven nations said Saturday they have agreed to exempt US multinational companies from a global minimum tax imposed by other countries -- a win for President Donald Trump's government, which pushed hard for the compromise.

The US Federal Reserve's preferred inflation measure logged a mild uptick Friday while spending weakened, triggering another tirade by President Donald Trump against the central bank chair for not cutting interest rates sooner.

US President Donald Trump abruptly cut off trade talks with Canada on Friday over its tax targeting US technology firms, saying that it was a "blatant attack" and that he would set a new tariff rate on Canadian goods within the next week.

A new regulation is in the works that aims to collect sales tax via e-commerce platforms, coming at a time industry recorded a slowdown in GMV growth from just 3.7 percent in 2023 to 5 percent last year.

Lei Jun, founder and CEO of the electronics-turned-car company, said he was astonished by the reaction from customers.

"It is hoped that the United States and China will meet each other halfway," a spokesperson for the commerce ministry said in a statement.

The President launched 50 renewable power plants and five renewable projects nationwide on Thursday, including 47 solar plants to electrify around 5,600 villages that still lack access to power.

Nike said it would cut its reliance on production in China for the United States market to mitigate the impact from US tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue, sending its shares up 11 percent in extended trading.

Asia shares hit their highest level in more than three years on Friday as they tracked a Wall Street rally, though the dollar struggled on concerns about the Federal Reserve's independence and expectations for early rate cuts.

Some Bolivians are turning to crypto exchanges like Binance, cryptocurrencies like Bitcoin, and stablecoins like Tether as a hedge against the depreciation of the boliviano.

Environmental groups raised concerns Thursday over a $6 billion Indonesian EV battery megaproject backed by Chinese giant CATL, which is set to open on a once-pristine island, as Jakarta exploits its huge supply of nickel.

The program will begin with 20.4 hectares of shrimp ponds in the regencies of Bekasi, Karawang, Subang and Indramayu in West Java, with a bulk of the funding coming from the state-run asset fund.

Public Housing and Settlements Minister Maruarar “Ara” Sirait stated that funding is now expected to come from the state asset fund Danantara, which plans to allocate Rp 130 trillion (US$8 billion) for the housing sector.

Experts have criticized the move as a regulatory shortcut that risks legal inconsistencies, undermines the democratic principles of cooperatives and exposes them to poor governance and potential financial pitfalls.

The initiative will be conducted in phases, with the first focusing on the maintenance and operational readiness of the fleets of both the full-service carrier and its low-cost subsidiary, Citilink.

Caught in a trade war with the US and European Union that threatens to derail a fragile export-led recovery, Chinese has emphasized ties with Southeast Asia, which last year overtook the EU to become the $19 trillion economy's top export market.

Tesla's new car sales in Europe fell 27.9 percent in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2 percent, with the US EV maker's revised Model Y yet to show signs of reviving the brand's fortunes.

Speaking to The Jakarta Post on Tuesday, UNESCO's Ethics of AI Unit head Irakli Khodeli revealed that Indonesia is facing a digital talent issue, with a need for 9 million additional tech workers by 2030.

Indonesia's mineral downstream policy needs a clear shift in strategy to escape the low-value dominance trap so that instead of being a facilitator of foreign-led extraction, the country can be a curator of complete industrial ecosystems and emerge as a leader in the global supply chain.

The government says it is in talks with potential investors to ensure that the project is "market-ready."  

TotalEnergies is among the first global oil and gas companies to return to Indonesia amid growing investments in the sector, after securing a 24.5 percent stake in the Bobara Block off West Papua from Petronas.

Online retail giant Amazon will invest 40 billion pounds (US$54 billion) in the United Kingdom over the next three years, the government said Tuesday, a boost for Prime Minister Keir Starmer as he struggles to kickstart the economy.

With Rp 21.8 million in repair subsidies earmarked for each house, the country must pour Rp 43.6 trillion from the state budget to turn the plan into reality.