FinAccel on Monday agreed to go public through a merger with a blank-check firm, valuing the parent of Indonesian buy now, pay later platform Kredivo at about US$2.5 billion, a further sign of consolidation in the fast-growing sector.

Pilots, cabin crew and airport workers from Qantas and its low-cost affiliate Jetstar will be sent home without pay from mid-August for an estimated two months, the firm said.

The country’s largest integrated petrochemical manufacturer, PT Chandra Asri Petrochemical (TPIA), has sealed a deal worth US$1.3 billion with Thailand’s largest refinery Thai Oil Public Co Ltd (Thaioil) for the development of a petrochemical complex.

The board of governors of the International Monetary Fund on Monday greenlit increasing the institution's lending capacity by US$650 billion, the last step in approving an initiative to boost aid to the most vulnerable countries.

The IHS Markit Indonesia Manufacturing Purchasing Managers’ Index (PMI) dropped sharply to a reading of 40.1 in July, indicating the vital sector’s first contraction in nine months.

Garuda Indonesia has been released from the insolvency lawsuit case filed by Dublin-based aircraft leasing firm AerCap Ireland Ltd. as the flag carrier struggles with insolvency.

Statistics Indonesia (BPS) has reported annual core inflation of 1.40 percent for July, lower than in the preceding month and a year earlier. Month-to-month (mtm), however, core inflation was the largest contributor to the overall rise in consumer prices.

The pharmaceutical company saw revenue rise 6.6 percent yoy to Rp 12.37 trillion in the January-June period, supported by higher sales in its distribution services, prescription drug and consumer health product segments. The nutritional segment booked a decline.

Asian shares were seeking a modicum of stability on Monday as a run of stellar US corporate earnings put a floor under markets, though Beijing's regulatory crackdown continued to reverberate amid disappointing economic news.

The IMF has revised down its growth forecast for several countries, many of which saw a surge in COVID-19 cases through June, including Indonesia. The fund's July outlook shows that the some countries are recovering from the pandemic faster than expected and others more slowly, with divergent vaccination rates the contributing factor.

The bank's stance contrasts with those of Bank Indonesia (BI) and the Financial Services Authority (OJK), which have downgraded their respective national loan growth targets.

Indosat will begin phasing out its 3G networks, as the company is shifting its focus more on surging data demand in  4G and 5G.

The country's bourse expects the IPOs of unicorn start-ups to add just over half a quadrillion rupiah to its market cap as it works to revise its rules to attract more local listings.

Diversified conglomerate Astra International has reported solid revenue growth in the first half of this year, helped in part by a government incentive for the purchase of new cars and strong coal prices.

Experts say the government’s ability to create a competitive holding company would determine whether or not it could help attract investment in the agriculture industry.

Big Tech goliaths like Facebook and Amazon unveiled whopping profits this week, showing their dominance in lockdown lifestyles is on course to grow well beyond the pandemic

The COVID-19 pandemic is a wake-up call for the world to understand the centrality of the biotech sector.

A deal signed with a consortium of South Korean automotive industry firms for a US$1.1 billion battery cell factory gets the ball rolling in Indonesia’s EV plan.

Leading digital telecommunications company Indosat Ooredoo has posted strong financial results for the first half (H1) of 2021, maintaining its growth momentum despite operational challenges caused by the COVID-19 pandemic.

The bourse has revised its most liquid index, by replacing two publicly listed companies in a move an analyst says creates a clearer picture of the market.

The country needs to invest US$312 billion to reach its target for reducing greenhouse gas (GHG) emissions by 2030, according to Finance Minister Sri Mulyani Indrawati.

Asian markets rose Thursday as the Federal Reserve acknowledged the US recovery was well on track but it would not taper monetary policy just yet, while Hong Kong was lifted after China sought to reassure investors over its latest regulatory crackdown.

The International Monetary Fund (IMF) downgraded this year's economic growth forecast for Indonesia by 0.4 percentage points to 3.9 percent.

The online groceries marketplace will use the funds to expand operations to more areas of Indonesia and improve quality control as it expects the online shopping trend to outlast the coronavirus pandemic.

Bank Jago booked a net loss of Rp 46.77 billion (US$3.23 million) in the first half of the year, down from nearly Rp 51 billion a year earlier. The fall in the net loss followed a 695 percent annual increase in loan disbursement to Rp 2.17 trillion.

BRI Life said in a statement that its investigation was being conducted with an independent team specialising in cyber security to perform digital tracing and to take the necessary steps to improve data protection for policy holders.

The unions cited their concerns over privatization and potential price hikes as part of their objections to the alleged plan, which they learned from a letter requesting information on 11 power plants.

The International Monetary Fund on Tuesday maintained its 6 percent global growth forecast for 2021, upgrading its outlook for the United States and other wealthy economies but cutting estimates for developing countries struggling with surging COVID-19 infections, including Indonesia.

The public sector has joined the race for a slice of the telemedicine sector, which has been dominated so far by private start-ups like HaloDoc and Alodokter.

Homegrown unicorn Bukalapak is expecting a massive success with its initial public offering (IPO) as investors are reportedly eager to grab a piece of the pie, but critics say the maiden listing of an e-commerce company in Indonesia is overhyped.