The communist state's first homegrown car manufacturer is aiming to compete with global EV giants such as Tesla.

Luhut Pandjaitan, head of the National Economic Council, said a value-added tax (VAT) hike might be pushed back by two or three months as the government seeks to roll out social aid to keep the economy going.

Coordinating Infrastructure and Regional Development Minister Agus Harimurti Yudhoyono said that, over the past two weeks, the Transportation Ministry, PT Angkasa Pura, Pertamina and domestic airlines had been collaborating to make air travel more affordable.

The loonie and peso remained weak following sharp drops to multi-year lows on Tuesday, while the yuan edged back towards the previous session's four-month trough.

Samsung Electronics reshuffled its leadership on Wednesday as it looks to gain an edge in the production of microchips used for artificial intelligence servers.

The output of rice, the country’s major staple food for instance, dropped to 30.34 million tonnes last year from 31.31 million tonnes in 2019, BPS data show. Similarly, farmland has also been shrinking over the past years.

The government wants Apple to look at Indonesia not only as a market for its devices but also as a production base and a part of its global supply chain.

The acquisition of Dawson Complex, which produces metallurgical coal, aligns with Delta Dunia's strategy to reduce its reliance on the thermal coal business.

Retail household equipment market leader, MR. DIY, is set to mark its presence and strong growth in Indonesia with its first flagship store, which also serves as its 900th store in the country.

Precursor is a material used to manufacture battery cathodes, which producers later use to make EV batteries.

Google and Facebook-owner Meta Platforms urged the Australian government on Tuesday to delay a bill that will ban most forms of social media for children under 16, saying more time was needed to assess its potential impact.

Chinese tech giant Huawei will on Tuesday launch its first smartphone equipped with a fully homegrown operating system, a key test in the firm's fight to challenge the dominance of Western juggernauts.

Asian markets fell and the dollar rallied Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada on his first day in office, dealing a blow to hopes of a more moderate approach to trade policy.

A project for a new airport to be built in northern Bali has moved forward with its initiator PT BIBU Panji Sakti signing a heads of agreement (HoA) with a Chinese company, ChangYe Construction Group.  

Coal financing grew 68.95 percent year-on-year (yoy) in June, handily outpacing overall loan growth of 12.36 percent.

While the fund will still consider investments in foreign assets, Muliaman emphasized that its primary focus will be on financing local development and government projects, and foreign investors can provide funding alongside Danantara.

The economic potential from foreign tourists during the Christmas and New Year holidays is estimated to reach Rp 29 trillion (US$1.83 billion), highlighting the anticipated impact of tourist activities on Indonesia's economy during the festive season.

The Indonesia Stock Exchange (IDX) Composite index began the week strong, adding 1.65 percent or 118.54 points to sit at 7,314.11 by the end of the closing bell on Monday.

Both GoTo and Grab charge the government-recommended flat rate of Rp 15,000 (94 US cents) per meal and integrate digital platforms to facilitate orders daily.

Former foreign minister Retno LP Marsudi has been appointed non-executive director of Singapore-based renewable energy developer Gurīn Energy, which has a total of 7 gigawatts of solar, wind and energy storage projects in the pipeline across Asia.

Other points of cooperation include tourism, culture, health care, technology and industrial development.

The Swedish company, whose motto is "make oil history", has received more than $10 billion in equity, debt and public financing since its 2016 start-up. Volkswagen and Goldman Sachs each own about one fifth of its shares.

For renewable hydrogen, the planned legislation will establish a tax incentive worth A$2 ($1.31) per kilogram of renewable hydrogen produced during the same period.

COP29 deals on finance and carbon markets could lead to billions more dollars flowing around the business world if countries next year can deliver climate plans with clear policies for markets and investment.

On Wednesday, the US Department of Justice submitted its recommendation for the breakup to US District Court Judge Amit Mehta, who is set to impose steps next year to address Google's monopoly power in online search.

Business associations and netizens have expressed disapproval of the planned value-added tax (VAT) hike set to go into effect at the turn of the year, arguing that the timing is not right as spending power has been losing vigor.

Luhut cited findings from audits prepared by the Development Finance Comptroller (BPKP), stressing they are “serious problems”.