The Supreme Court has rejected an appeal by publicly-listed textile company PT Sri Rejeki Isman (Sritex), upholding the Semarang Commercial Court’s decision to declare the company bankrupt on Oct. 23.

As of the end of 2024, Indonesia's economy remains solid, demonstrated by a growth rate still above 5 percent, with a cumulative growth rate of 5.03 percent as of the third quarter (Q3) of the year. This is accompanied by controlled inflation, within the target range of 2.5 percent ±1 percent, with November 2024 inflation at 1.55 percent year-on-year (yoy). Household consumption also continues to grow strongly and is expected to increase to above 5 percent this year.

Bootstrapping is the process of founding or running a company using one’s personal finances or the firm’s own operating revenue.

Regardless of the President's instruction to temporary halt major infrastructure projects, the Public Works Ministry has vowed to continue ongoing toll road projects, arguing that roads were necessary to pave the way for Prabowo's three-pronged goal of food, energy and water security.

Gapmmi has warned that the 12 percent VAT rate starting on Jan. 1 is likely to end up passing increased supply chain costs onto consumers.

A spending bill backed by Donald Trump failed in the US House of Representatives on Thursday as dozens of Republicans defied the president-elect, leaving Congress with no clear plan to avert a fast-approaching government shutdown that could disrupt Christmas travel.

The incentives, announced on Monday, will partially waive luxury sales tax (PPnBM) for hybrid car purchases by 3 percentage points to a range of 3 to 9 percent from the initial 6 to 12 percent.

Raden Siliwanti, an expert staffer at the National Development Planning Ministry/National Development Planning Agency (Bappenas), has said the total investment needed for the next five years of 2025-2029 amounts to Rp 47,587.3 trillion (US$2.9 trillion).

GoTo Group’s on-demand service Gojek reaffirms its #AmanBersamaGojek (#SafeWithGojek) commitment by strengthening initiatives and collaborating with more parties.

Businesses urge the government to take emergency measures to save the ailing national coconut processing industry.

The IDX Composite index fell 1.84 percent on Thursday, marking its sixth straight day of losses. Analysts predict the index performance to remain weak by year-end.

Approaching the year 2025, the government is continuing to strive to maintain purchasing power and public welfare by preparing a package of policy incentives in the economic sector in the form of tax exemptions and relief for various levels of society and the business world, which will be implemented in early 2025.

New Zealand tipped into recession in the third quarter, official data showed Thursday, with the economy suffering an unexpectedly sharp slump that sent the country's currency tumbling and sparked political finger-pointing.

Publicly listed production house MVP has announced a plan to expand its film distribution services to new markets in Latin America and Europe.

Vietnamese e-taxi brand Xanh SM has marked its Indonesian debut by launching its maiden fleet in Jakarta on Thursday, with plans to operate 10,000 EVs by next year and a possible expansion to Bali.

As the year draws to a close, PT GoTo Gojek Tokopedia Tbk’s (GoTo) on-demand service platform Gojek has launched the Yuk Libur campaign.

As Indonesia gears up to move forward with a new administration, a foundation that must be built upon is the strategic partnership and collaboration that has been fostered over many years with reliable international partners.

Asian markets sank Thursday and the dollar held gains following a severe sell-off on Wall Street that came after the Federal Reserve halved its rates outlook and boss Jerome Powell warned officials' focus was back on fighting inflation.

US President-elect Donald Trump urged Republican lawmakers Wednesday to scupper a cross-party deal to avert a fast-looming US government shutdown, as the White House accused him of "playing politics."

Thousands of Amazon.com workers will walk off the job on Thursday, in the crucial final days before Christmas, after union officials said the retailer failed to come to the bargaining table.

Apindo and other business associations say a 5 percent cut in loan interest rates for labor-intensive industries is insufficient to help employers stay afloat.

PT SMI has provided US$23.3 million (Rp 347.5 billion) in funding to PT NTBE to support the development of a floating solar panel project in Batam. The 46-megawatt peak solar power plant is the second-largest floating solar project after Cirata.

IDX Composite index closed lower for the fifth consecutive day, with analysts predicting further pressure on the index amid concerns over weakening rupiah and Bank Indonesia's interest rate decision.

The AI Journey international conference on artificial intelligence in Moscow unveiled the recent developments in AI, with learning machines more widely used, unconfined to industry and business.

The State-Owned Enterprises (SOEs) Ministry has announced plans to merge railway operator PT Kereta Api Indonesia (KAI) with train manufacturer PT Industri Kereta Api (INKA) next year.

Bank Indonesia (BI) has refrained from cutting interest rates despite relatively low inflation as it focuses on buttressing the rupiah at a time when a strong US dollar is putting pressure on other currencies.

The Directorate General of Immigration has recorded a significant rise in travel in and out of Indonesia by foreign citizens this year, with 24.5 million border crossings logged as of Dec. 15.