Travel businesses have low expectations for this year’s Christmas and New Year season as weak spending power and people’s concern over an impending tax hike may put the brakes on any extra trips.

The IDX Composite index closed 0.41 percent lower on Friday with analysts remaining confident that the index has the potential to rebound despite the recent pullback.

The government has discussed collaboration with state-owned arms manufacturer PT Pindad to make equipment and machinery aimed at strengthening food security.  

The establishment of Daya Anagata Nusantara (Danantara) as both a superholding agency for Indonesia’s state-owned enterprises (SOEs) and an investment management agency has raised questions among investors due to its unclear scope and legal basis.

Indonesia, the world’s top nickel supplier, was reportedly weighing deep production cuts to the metal’s mining quota and is considering lowering the amount of ore mined next year to as low as 150 million tonnes from 227 million tonnes this year.

Finance Minister Sri Mulyani Indrawati hails the benefits of media ties as a way to garner public support without the backing of political parties for technocrats like herself.

Canada's new finance minister Dominic LeBlanc and Foreign Affairs Minister Melanie Joly will meet aides to US president-elect Donald Trump in Florida on Friday to discuss the risks of imposing new trade tariffs, the Canadian government said.

President Prabowo Subianto’s administration has announced a series of ambitious energy transition pledges this year, including reviving early coal retirement plans and adding 75 gigawatts of new renewable energy capacity over next decade, but the year has also revealed serious impediments to this effort.

China revised upwards its 2023 gross domestic product (GDP) by 2.7 percent to 129.4 trillion yuan (US$17.73 trillion), a top statistics official said on Thursday, while the World Bank raised its forecast for China's economic growth in 2024 and 2025.

Founder Andanu Prasetyo says he remains comfortable with keeping Tuku bootstrapped for now as he prefers to maintain control over his coffee-to-go start-up.

Seafood trade is expected to be on the agenda on Wednesday as Japan's foreign minister visits China, Japan's largest export market for aquatic products until Beijing banned them in protest against Tokyo releasing treated radioactive wastewater into the ocean.

In late October 2021, the House’s plenary session passed the tax bill stipulating the VAT hike in 2025 with the support of eight political parties, including the PDI-P, Gerindra and Golkar.

For regions where fresh milk is hard to come by, protein and calcium substitutes, such as eggs and moringa leaves, will replace milk to meet nutritional goals.  

China will raise its deficit in order to boost spending next year, its finance minister said Tuesday according to state media, as Beijing looks to prop up its struggling economy.

Deputy Manpower Minister Emmanuel Ebenezer Gerungan said around 80,000 people had been laid off this year, up from last year’s 64,855 people, mostly in West Java.

The industry association has warned that increasing the export levy from currently 7.5 percent to 10 percent next year could make Indonesian CPO less attractive, especially in view of the government’s plan to launch the B40 biodiesel program in January amid stagnant production.

Asian stocks edged up on Tuesday, though moves were subdued in a holiday-curtailed week, while the greenback held near a two-year high helped by elevated US Treasury yields as investors prepared for fewer Federal Reserve rate cuts in 2025.

NGOs say efforts to simplify environmental regulations should not come at the expense of sustainability, which they argue is under threat from the Job Creation Law.

The IDX Composite index rose sharply on Monday, up by 1.61 percent to close at 7,096.44. This marked a strong start to the week as market sentiment improved.

The investment minister has rustled up $7.46 billion in investment commitments during his China visit last week for a variety of projects, from plastics to power, in line with the government's overarching aim to reach food and energy security.

The exploration project would allow the company to tap into 55 megawatts (MW) of geothermal energy reserve potential in the area.

While the outlook for the tourist sector remained positive in 2024, the Tourism and Creative Economy Ministry is gearing up to carry out new superior programs to foster quality tourism and meet the 2025 tourism target.

Honda and Nissan are expected on Monday to announce the start of business integration talks, two people familiar with the matter told Reuters, as the carmakers strive to survive a rapidly changing industry landscape.

"The root cause is coming from the factory and it is affecting the reputation and brand of Malaysia Airlines," Chief Executive Officer Izham Ismail was quoted as saying in the New Straits Times on Sunday

Coal mining firms in Indonesia are spending billions of dollars on deals and raising budgets for new projects in a bet on the energy transition amid growing pressure to move away from the dirty fuel.

Google late Friday countered a US call to sell its Chrome browser, suggesting a judge address antitrust concerns by barring the firm from making favorable treatment of its software a condition of licensing.

The Italian Data Protection Authority (GPDP) watchdog began an investigation in March 2023 when it temporarily blocked ChatGPT in Italy over privacy concerns, becoming the first Western country to take action against the popular AI chatbot.