The ministry is no longer in charge of tourism and now has a deputy head with a gaming investment background, which has developers hoping for more government attention to address longstanding issues of their industry.
7 months agoAfter being chosen by a joint venture of South Korea's Hyundai and LG for the $1.1 billion factory, Indonesia is now looking to boost investment to give it an edge in the race to become a regional EV hub. ...
7 months agoTaiwan Semiconductor Manufacturing Company suspended shipments to China-based chip designer Sophgo after a chip it made was found on a Huawei AI processor, according to two people familiar with the matter. ...
7 months agoBoeing is exploring a possible sale of its space business as its new CEO seeks to improve the embattled company's financial position, the Wall Street Journal reported Friday.
7 months agoIn June, Nvidia briefly became the world's most valuable company before it was overtaken by Microsoft and Apple, with the tech trio's market capitalizations have been neck-and-neck for several months.
7 months agoNumerous businesses listed in recent years were not ready and therefore struggled to meet investor expectations after going public, according to Raghav Kapoor, CEO of investment research network Smartkarma.
7 months agoThe new administration has allayed fears that the Nusantara Capital City (IKN) project could be placed on the back burner following its conspicuous absence in President Prabowo Subianto’s hour-long inauguration speech.
7 months agoThe IDX Composite index dropped by 0.28 percent to 7,694.66 on Friday, as the technology sector led declines and investors remained cautious about policy signals.
7 months agoThe Association of Indonesian Automotive Manufacturers (Gaikindo) has lowered its target for 2024 car sales after disappointing numbers for four-wheelers so far this year.
7 months agoRonald Walla from Apindo called on the government to create a supportive environment for MSMEs, including financial incentives, access to information and regulatory simplification.
7 months agoThe Indonesia Market Outlook 2025 survey revealed that 49 percent of the middle-class in five major Indonesian cities reported decreased purchasing power.
7 months agoState-owned power company PLN says it will develop Southeast Asia’s largest green hydrogen production facility with the help of Singapore-owned Sembcorp Industries.
7 months agoAs part of the push toward a more sustainable fashion industry, Riau-based sustainable viscose rayon producer Asia Pacific Rayon (APR) has collaborated with some of Indonesia’s biggest names in fashion to promote fashion forward yet environmentally friendly styles at Jakarta Fashion Week (JFW) 2025.
7 months agoThe Confederation of Indonesian Trade Unions (KSPI) has kicked off what it says will be a nationwide wave of mass protests ahead of November, the month in which the next year’s minimum wage is typically determined.
7 months agoApple reached second place with a 15.6 percent market share, though down 0.5 percentage points year-on-year, while Huawei claimed third place with 15.3 percent, gaining 4.2 percentage points, showed data from researcher IDC on Friday.
7 months agoAs BRICS world leaders convened in Kazan for a summit this week, Indonesia's foreign ministry said late on Thursday that the process of joining the group has begun.
7 months agoG20 finance ministers meeting in Washington on Thursday reaffirmed their desire to cooperate on taxing the super-rich, before a summit next month where taxes are expected to be a top priority.
7 months agoPublicly listed textile company PT Sri Rejeki Isman (Sritex) has been declared bankrupt.
7 months agoImporting liquefied natural gas (LNG) may be a costly and destabilizing strategy for emerging economies like Indonesia, undermining efforts to adopt renewable energy and achieve energy self-sufficiency, experts say.
7 months agoIDX Composite fell by 0.91 percent on Thursday, weighed down by external factors, including rising US bond yields.
7 months agoIn addition to affordable energy, tech industry insiders have praised Indonesia's “very welcoming stance” on foreign direct investment.
7 months agoA top adviser to President Prabowo Subianto says the government will issue a presidential regulation to cancel the debts of some 6 million borrowers to allow them to obtain loans from banks instead of loan sharks or peer-to-peer lending platforms.
7 months agoTaiwan Semiconductor Manufacturing Company is the world's largest contract manufacturer of chips used in everything from Apple iPhones to Nvidia's cutting-edge artificial intelligence hardware.
7 months agoThe local subsidiary of the consumer goods giant has attributed its profit slump to an 18 percent decline in third-quarter sales due to price instability affecting its distributors and reduced customer demand.
7 months agoFor more than 155 years, HSBC has been financing trade in some of the most vibrant markets globally. The bank’s rich trade history is now a modern-day strength as it supports businesses to grow globally, make new connections, expand into new markets, and navigate an ever-changing landscape.
7 months agoTesla CEO Elon Musk said he expects vehicle sales to grow 20 percent to 30 percent next year, reassuring investors the company was improving its core business of selling electric vehicles profitably, and reducing concerns about when it could produce a robotaxi.
7 months agoLG introduces the new collection bottom freezer refrigerators offer style, convenience and efficiency to fit your kitchen décor and busy lifestyle.
7 months agoInstead of being placed under the command of the coordinating economic minister, the finance minister now reports directly to the President, which indicates a more hands-on approach by Prabowo Subianto to budget management.
7 months agoGold prices hit record highs on Wednesday, defying the dollar's rise, which kept pressure on the yen and the euro, while global stocks edged lower on investors' reluctance to place major bets ahead of the US election in two weeks.
7 months agoFrom cars to logistics, German companies are largely optimistic about India's growth potential, tapping into a wealth of skilled young workers, a cheaper cost base and economic growth motoring at around 7 percent.
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