Sri Mulyani said the government would restructure the state budget once again to accommodate the increase.

Garuda Indonesia is facing multiple lawsuits from foreign and domestic aviation companies, including an insolvency lawsuit from aircraft leasing firm AerCap Ireland being heard in New South Wales, Australia.

S&P Global Ratings has maintained its BBB with negative outlook forecast as the spike in COVID-19 cases and the government's restrictive response to contain the pandemic delay economic recovery and complicate corporate refinancing.

State-owned construction company PT Waskita Karya has reached a Rp 19.3 trillion loan restructuring agreement with five creditors to alleviate its debt after booking a deep net loss in 2020 due to COVID-19.

Legal technology is gaining popularity in Indonesia as start-ups come up with solutions for a market where they see huge potential.

More Chinese officials in Hong Kong are sanctioned after security law implementation

The loans are intended to offset the upfront costs of installing rooftop solar panels and to help meet government renewable energy targets.

The bigger the company, the more heavily regulated it will be, said financial systems surveillance head Budiatmaka.

The Finance Ministry has extended at least six tax incentives but has shrunk their scope to relieve fiscal pressure.

The government is caught between a rock and a hard place as it mulls over extending the emergency restrictions, which could threaten businesses and jobs but also save lives amid Indonesia's second wave of COVID-19 infections.

Indonesia’s state-owned electricity company wants to keep coal power plants running until well into the future and is hoping for technology to undo the emissions, eventually.

Many employees in Indonesia working from home so as not to spread the coronavirus may unwittingly be spreading viruses of a very different sort – and putting their companies at risk in the process.

Point of sales (POS) start-up Qasir, already used throughout Southeast Asia, is now looking to emerging markets further afield.

Gross domestic product (GDP) expanded 7.9 percent in the April-June period from a year earlier, official data showed on Thursday. The figure missed expectations for a rise of 8.1 percent in a Reuters poll of economists.

Higher prices and volumes pushed Indonesian palm oil exports to around US$3 billion in May, which accounted for almost one fifth of the country’s total exports.

Most manufacturing subsectors in Indonesia are predicted to slow down, such as paper and printing, food and beverages, tobacco, transportation equipment, as well as machinery and equipment.

Booming delivery services are compensating plastic packaging manufacturers for revenue lost due to the reduced use of plastic bags in supermarkets, according to the Indonesian Olefin, Aromatic and Plastic Industry Association.

Asian stocks were mostly lower on Wednesday as another jump in inflation in the United States took markets by surprise and raised investor concerns over the policy direction of the US Federal Reserve.  

In Malaysia, where lockdown has been in place since June 1, plants belonging to Toyota Motor and Honda Motor remain closed. That is largely because of regulations that limit factory workers reporting to work to 10 percent or less.

The technology start-up, which offers digital school management and learning management features through its app, is looking to expand its services to other cities amid increased demand for quality online learning tools during the pandemic.

The Finance Ministry estimates the amount of debt issuance this year will fall to Rp 958.1 trillion, which is 18.6 percent less than the initial target, while tax revenue collection could reach Rp 1.17 quadrillion this year, leaving a shortfall of just Rp 53.3 trillion from the initial target.

Following the emergency restrictions imposed on July 3 to rein in the "second wave" of COVID-19, Bank Indonesia lowered its economic growth forecast but maintained its view that inflation would remain mild.

Like other emerging countries, Indonesia is facing a major COVID-19 wave and the government has launched several measures to cushion the impact of the pandemic, including the implementation of emergency public activity restrictions (PPKM Darurat).

Imports growth also beat expectations, though the pace eased from May, with the values boosted by high raw material prices, customs data showed on Tuesday.  

The FAA said the issue is "near the nose on certain 787 Dreamliners in the company’s inventory of undelivered airplanes. This issue was discovered as part of the ongoing system-wide inspection of Boeing’s 787 shimming processes required by the FAA."

Tobias Fischer, cofounder and CEO of earned wage access (EWA) start-up Wagely, says on-demand wage payout can help workers avoid predatory lending, especially when people need emergency cash amid the pandemic.

Between positive sentiment in foreign markets on the one hand and concern over domestic economic growth on the other, Indonesian stocks are expected to make no major moves this week.

The richest 10 percent held around two-thirds of wealth last year, down from 74.1 percent in 2019, according to the latest global wealth report from Swiss investment bank Credit Suisse.

The central bank is maintaining the limit for magnetic stripe-based ATMs and ATM cards at Rp 10 million to minimize the risk of data skimming, which is more common with such technology.

The government has set out an ambitious plan to increase the country's per annum waste collection capacity to 4.29 million tons by 2030, addressing a key inhibitor to developing the recycling industry.