The global manufacturing hub reaped the benefits of an uptick in demand for its products, despite suffering billions of dollars in losses due to deadly Typhoon Yagi.

According to the World Bank, the introduction of the SRBI has had unintended consequences of crowding out government borrowing, as commercial banks have reduced their holdings of government securities and turned toward BI’s new securities.

Those services will include gold deposits, gold working capital loans, corporate gold deposit services and gold trading.

Leading palm oil producer Asian Agri has expressed its appreciation for its smallholder scheme partners in Jambi and across Riau province by distributing premium payments from the sale of certified sustainable palm oil for 2023.

Prabowo aims to limit Indonesia’s dependence on imported fuel by offering dozens of new oil and gas blocks to investors in the coming years.

The government plans to plant rice side by side with sugar palms, energy crops or other plants with an intercropping system.

The Google funds were transferred to the Canadian Journalism Collective, a non-profit set up to distribute the money, a spokesperson for the tech giant confirmed.

Nippon and US Steel blasted Biden's decision, calling it a "clear violation of due process" and a political move, and saying they would "take all appropriate action" to protect their legal rights.

The government had aimed to collect as much as Rp 2.8 quadrillion (US$172.7 billion) in state revenue last year. As of November, collection amounted to Rp 2.49 quadrillion, 89 percent of the goal.

Economic uncertainty marks the beginning of a new year that could prove challenging for personal finances, advisors warn, requiring retail investors to stay on their toes.  

Business groups have expressed support for the policy U-turn that averted a value-added tax (VAT) hike on Jan. 1, but called on the government to be more predictable as the last-minute decision caused widespread confusion.  

The IDX Composite closed slightly higher on Friday, as the market remained cautious over domestic policy development and global geopolitical tensions.

Indonesia’s current account deficit will widen past pre-pandemic levels in the coming years as foreign companies repatriate profit and as the trade balance deteriorates, the World Bank has projected.

The fees for some digital services, primarily premium subscriptions, have been subject to a 12% VAT since Wednesday, when the new rate went into effect.

Domestic carrier Pelita Air and flag carrier Garuda are both planning to expand their fleets this year as the SOEs Ministry aims to consolidate state-owned airlines by mid-2025 in a bid to cut costs.

The Industry Ministry is set to meet with an Apple executive on Jan. 7-8 to hash out a new deal so the US tech giant can sell the iPhone 16 to Indonesian consumers by complying with local content rules, with a possibility for the investment ministry to take the lead if it opts to set up a local production factory instead.

Elon Musk's EV company reported 495,570 fourth-quarter deliveries. While that represented a quarterly record, it lagged Wall Street estimates and resulted in full year-sales of just under 1.8 million vehicles.

Asian stocks rose on Friday, aiming to shrug off a lackluster start to 2025, while the dollar was perched at a two-year high against a basket of currencies as investors fret about US rates staying higher for longer.

The government sought to support travel and hospitality businesses with more international flights last year, but the sector has yet to see a full recovery from the coronavirus pandemic. There’s hope among tourist industry stakeholders that 2025 will finally bring a rebound.  

The Indonesia Stock Exchange (IDX) Composite index closed higher on Thursday, gaining 1.18 percent to end the trading day at 7,163.20.

Indonesia’s consumer price index (CPI) rose 1.57 percent over the course of 2024, marking the slowest yearly increase since Statistics Indonesia (BPS) first published the economic indicator more than 60 years ago.

Optimism is rising among Indonesian manufacturers, as reflected in growth of output and new orders leading up to the turn of the year.

The factory is set to have an annual production capacity of 20,000 batteries.

The four-day promotion, running from Jan. 4-7, applies to several iPhone models when purchased using specific payment methods, according to its website. 

The OJK plans to issue a new regulation on BNPL services that requires users to be over 18 and have a monthly income of at least Rp 3 million in a bid to control the popular payment method and protect consumers against falling into a debt spiral.

Asian stocks began the year on a dour note on Thursday as they struggled for traction after a jittery close to 2024, while the US dollar charged higher and investor sentiment stayed cautious ahead of Donald Trump's return to the White House.

Singapore's economy beat forecasts to grow 4 percent in 2024 despite a slowdown in the fourth quarter, preliminary government data showed on Thursday.