Tech startup eFishery appoints new interim CEO and CFO amid an investigation into alleged embezzlement by co-founders Gibran Huzaifah and Chrisna Aditya.

The Directorate General of Immigration has set an ambitious goal for investment from golden visa recipients, and while a substantial sum has been amassed, it is less than half the amount targeted for this year.  

With the new national leadership stepping into office, now is the perfect moment to drive accelerated, even transformative, progress toward achieving higher, more inclusive, and quality economic growth.

Japanese auto giants Honda and Nissan are in preliminary merger talks, media reports said Wednesday.

Low tax compliance may jeopardize the government's goal to lift the country’s tax revenue from 10 percent to 16 percent of GDP by 2030, according to the global financial institution.

The IDX Composite index slid 1.39 percent to close at 7,157.73 on Tuesday, with broad declines across all sectors as investor sentiment toward the planned VAT increase weighed heavily on the market.

The government announced on Dec. 16 that a partial VAT waiver on certain house purchases would be extended to mid-2025, and then through to the end of the year, but would be reduced by 50 percent in the second half.

The operator of the Jakarta-Bandung HSR, dubbed Whoosh, has distanced itself from the business competition watchdog's investigation into suspected collusion in a procurement tender to deliver imported EMU trains upon their arrival at Tanjung Priok.

Investment and capital inflows are essential for financing growth. The key sources of financing for the economy include fiscal spending, investment and export proceeds.

US President-elect Donald Trump on Monday praised Japan's SoftBank for its decision to invest $100 billion in the United States and create 100,000 new jobs, a big win for his incoming administration.

The government is proceeding with its plan of hiking value-added tax to 12 percent at the turn of the year but has announced multiple incentives to soften the blow for consumers.

The IDX Composite closed lower by 0.9 percent on Monday. Despite the downturn, analysts remain optimistic.

The surplus came after exports grew by 9.14 percent year-on-year (yoy) to $24 billion in November, the second-highest since December 2022.

The prototype reactor is to be delivered by South Korea in 2028 via sea route, with total investment for the project set to amount to Rp 17 trillion (US$1.06 billion), which would include a survey, research, technology transfer and infrastructure, among other things.

Public Housing and Settlements Minister Maruarar Sirait said the state budget alone is insufficient, with its current capacity covering less than 10 percent of the goal.  

Asian stock markets were in a wary mood on Monday as surging bond yields challenged equity valuations, particularly for the richly priced tech sector, in a week packed with central bank meetings and major economic data.

Bank Maspion president commissioner Chat Luangarpa, who also serves as executive vice president of Kasikorbank (KBank), explains why the Bangkok-based lender acquired the local bank and how it aims to triumph in Indonesia’s competitive banking landscape.

 “Our state revenue experienced extraordinary pressures until July or August," Finance Minister Sri Mulyani Indrawati said in a press briefing on Wednesday

The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency.

Britain officially became the 12th member of a trans-Pacific trade pact which includes Japan, Australia and Canada on Sunday as it seeks to deepen ties in the region and build its global trade links after leaving the European Union.

Ratings agency Moody's downgraded France's credit rating Saturday to Aa3 with a stable outlook, following months of political crisis and the appointment of centrist Francois Bayrou as prime minister.

The retirement business remains underdeveloped in Indonesia, but experts say the aging population at home and abroad means the time to invest is now.

Indonesia is playing hardball to get Apple to fulfill its obligations, including on local content and investment, before it green-lights sales of the iPhone 16 series in Southeast Asia’s largest economy.

The Agriculture Ministry has signed a collaboration deal to enlist military and police support in pursuit of food security, one of President Prabowo's key policy programs.

The early retirement project for the Cirebon-1 has overshot its initial target to close the coal power plant by the year-end, but the ADB has brushed off the delay as part of the bumps expected in managing the pioneering project under the ETM.

US President-elect Donald Trump's transition team is exploring ways to significantly reduce, merge, or even eliminate the top bank regulators in Washington, the Wall Street Journal reported on Thursday citing people familiar with the matter.

Business associations emphasized that challenges, such as providing geolocation data, would not be fully resolved by the delay alone, unless the government decide to give more support.