Approximately 77 percent of the net proceeds will be allocated for capital expenditures, primarily for the construction of a new plant in Nganjuk, East Java

The first two months of the year saw the opening salvo of a renewed US-China trade war, with US President Donald Trump imposing an extra 10 percent levy on Chinese goods, arguing Beijing had not done enough to stem the flow of the deadly opioid fentanyl.

Touting Beijing's cooperation in the fight against the fentanyl epidemic in the United States, Wang Yi said Washington should not "repay kindness with resentment, let alone impose tariffs without reason".

The middle class is not expanding fast enough to meet ambitious development goals, experts and businesses warn, which could scupper President Prabowo Subianto’s plans to boost economic growth to 8 percent and make Indonesia a developed country by 2045.

The artificial intelligence-ready data center project, dubbed SMX01, is set to operate in Jakarta’s central business district (CBD) with an initial 18-megawatt (MW) load capacity that can be increased up to 60 MW. 

Health problems such as cancer can threaten financial stability as medical treatment, hospitalization, surgery, and other healthcare treatments can be very expensive. This explains why having health insurance matters.

Adhi Karya has asked the government to resolve almost $130 million in outstanding payments for the Greater Jakarta LRT project so it can meet its its obligations to vendors, an issue that has only been compounded by last month's sweeping budget cuts.

The Southeast Asian nation is home to a large semiconductor industry, including top US multinationals such as Intel and GlobalFoundries, and is one of the top exporters of chips to the United States.

Following last year's massive layoffs in the textile industry, at least two Tangerang-based manufacturers of foreign footwear brands have laid off 3,500 workers due to a decline in orders, a local manpower official has said, with more due to be axed next year.

The firm, which already operates one of Indonesia’s largest nickel mining sites as a minority shareholder in PT Weda Bay Nickel, also conveyed its intention to invest in the country’s critical minerals sector.

The compensation claims are to include old age benefits (JHT), unemployment benefits (JKP) and holiday allowances (THR), the minister revealed on Wednesday.

The US economy is set to experience some "disturbance" from tariffs, President Donald Trump said Tuesday, as trade tensions flare after he imposed sweeping levies on Mexico, Canada and China.

Boston Consulting Group estimates that Indonesia's upstream energy sector could achieve substantial cost savings of up to 30 percent, or approximately US$2 billion, through comprehensive performance improvement measures, while maintaining or even enhancing production, asset integrity and HSE performance.

The government plans to kick off dozens of natural resource processing projects worth $40 billion this year, including coal gasification projects, though both local and international analysts have cautioned about the technology's costliness and unfavorable investment trends.

Banking on its large share of the thermal coal market, Indonesia wants its domestic benchmark to inform international pricing, but importers are reluctant to go along, causing uncertainty for export deals.

Malaysian plastic producer Thong Guan Industries Bhd. has announced plans to build a production plant in the Batang Integrated Industrial Estate (KIT Batang) in Central Java.

In total, Bali electricity demand is estimated to exceed 1.2 gigawatts (GW), but it only produces 961 megawatts (MW) from power plants on its soil, according to Global Energy Monitor data in 2023.  

China and Hong Kong shares rose on Wednesday after Beijing set an ambitious economic growth target and vowed more support for domestic consumption and the tech industry as a trade war with the United States heats up.

Earlier in the day, China also imposed import levies covering $21 billion worth of US agricultural and food products including soybeans, wheat, meat and cotton.

Bank Indonesia (BI) has reiterated its use of triple intervention policies to stabilize the market, supported by large foreign exchange reserves, which stood at US$155.7 billion in December 2024. However, volatility persists, often following political events related to the US government.

Under this plan, future investors will rent Sritex’s industrial machines and restart operations, bringing back workers under newly formed corporate entities, Nurma said.

Customers are up in arms over the massive corruption scandal implicating Pertamina, with some turning to more expensive but quality-assured rival brands and others deliberately purchasing potentially doctored nonsubsidized fuel to ensure that taxpayer-funded subsidies reached their intended recipients.

VinFast -- Vietnam's first homegrown car manufacturer -- hopes to compete with global EV giants such as Tesla but has struggled to break into the international market. 

CP Foods is part of agro-industrial conglomerate Charoen Pokphand Group, which owns the country's second-largest mobile network and largest convenience store operator. 

Short selling was previously set to be implemented in March or April this year with a target for short selling transactions to increase the market’s liquidity by 2 percent to 3 percent. 

Canada and Mexico, which have enjoyed a virtually tariff-free trading relationship with the US for three decades, were poised to immediately retaliate against their longtime ally.

Maroef’s appointment as president director of MIND ID has added to the broader trend of President Prabowo Subianto appointing his allies and aides to key strategic positions.