Asian stocks fell Friday as their latest rally ran out of legs, with sentiment weighed by strong US jobs data that saw investors row back their expectations for interest rate cuts.

The initiative aims to monetize around 100 million tonnes agricultural waste a year, which come from the palm oil and sugar industries, among others.  

A trade agreement between Indonesia and the United States set to include provisions on personal data transfers has raised alarms about the potential undermining of Indonesia’s data sovereignty.  

Energy and Mineral Resources Ministry secretary general Dadan Kusdiana insists that critical mineral exports to the US will remain strictly regulated under domestic laws, despite a new bilateral agreement to remove trade barriers.

The government has reiterated its commitment to accelerate the extension of the Whoosh Jakarta-Bandung line to Surabaya, despite experts' warnings that the train’s heavy losses could make the expansion a risky move.

Ursula von der Leyen, the president of the European Union Commission, called for an "essential" rebalancing of trade ties with China, saying ties stood at an "inflection point".

It is the firm’s third consecutive quarter of declining profitability, as the company faces intensifying electric vehicle competition and contends with backlash over Elon Musk’s political activities.

Indonesia also agreed to remove local content requirements for US firms, recognize US standards for vehicle and medical products, drop onerous licensing on US farm goods while recognizing US regulatory oversight and lift labeling and pre-shipment inspection mandates.

Without mandatory government blending program and subsidy mechanisms, the biodiesel market would not be commercially viable, experts say.

Once fuel subsidy changes are implemented, Malaysians will see prices at the pump drop to 1.99 ringgit per liter, compared to the current price of 2.05 ringgit. Foreign nationals however will have to pay unsubsidized market prices for the fuel.

The latest release of manpower data shows that the manufacturing, retail and mining sectors recorded the sharpest rise in job losses over the six months to June, with Central Java leading the provinces most affected by layoffs.

Indonesia will remove recently enacted pre-shipment inspections and verifications of US exports that have posed problems for US agricultural exports.

The United States and Japan struck a deal to lower the hefty tariffs President Donald Trump threatened to impose on goods from its Asian ally that included a US$550 billion package of US-bound investment and loans from Tokyo.

While revenue has weakened, investment in the upstream sector posted strong growth.

Indonesia, despite being ASEAN's largest economy, faces a complex web of obstacles hindering its financial deepening and leaving its capital markets shallow when compared to those of regional peers.

Industry observers and experts say that, while the decision to extend the LCGC program to 2031 could help in the short term, the government needs to come up with a road map to secure the country’s electrification push for the long term.

Publicly listed conglomerate PT Astra International (ASII), through its subsidiary PT Saka Industrial Arjaya (SIA), is set to acquire an 83.67-percent stake of warehouse company PT Mega Manunggal Property (MMLP).  

The United States has long called for better market access for its farm products from beef to apples and potatoes. US President Donald Trump in April slammed steep tariffs on rice in South Korea and Japan.

Apple and General Electric were also mentioned in the presentation as US firms that will benefit from relaxed local content requirements.

Finance Minister Sri Mulyani Indrawati revealed that the Australian-dollar-denominated Indonesian government obligations are to be launched in August, but Australian investors appear to be wary.

Experts highlighted a disconnect between the government’s push for cooperatives and the public’s understanding on the ground.

PT IMR ARC Steel is widely regarded as a company that deeply understands Indonesia’s investment climate and respects the government’s downstreaming policy. That is why the flagship subsidiary of global resource giant IMR Group is cited as both a pioneer and a modern symbol of the bilateral relationship between India and Indonesia.

The 2.3-billion-euro ($2.7-billion) net loss in the first half of the year came as sales in North America continued to slump, down 25 percent by volume in the second quarter year-on-year.

Cocoa prices have surged significantly because of disease outbreaks in key producing regions in Latin America and Africa.

Garda Indonesia, along with merchants and customers, held a protest on Monday in Jakarta against a planned 15 percent fare hike as well as government inaction in responding to drivers' demands following the previous rally in May.

The Italy-based multinational energy company has committed to investing US$10 billion in East Kalimantan's offshore gas sector, said Energy and Mineral Resources Minister Bahlil Lahadalia.

Indo Premier Sekuritas launched on Thurday IPOT, which it claims to be the first wealth creation platform in the country.