Electricity subsidies for small homes will end at the turn of the month as the government phases out financial relief in response to an improving economy.

Despite its many challenges, 2020 marked a record-breaking year for renewable energy. Solar photovoltaics (PV) will be at the forefront of this continued opportunity in 2021-2022, with renewable energy expected to account for 90 percent of new capacity expansion globally.

Moody's Analytics says that Indonesia, along with four other countries in the Asia-Pacific, could fall far behind in its bid to achieve "herd resilience", with serious repercussions for  economic recovery.

The Trade Ministry says it will appeal a World Trade Organization (WTO) report blaming Indonesia for obstructing imports and vows that Brazilian chicken will not flood the domestic market.

National flag carrier Garuda Indonesia needs more than cash to survive another day. To solve its Rp70 trillion (US$4.9 billion) debt crisis, the airline requires government help and a profound restructuring of its business.

The report came after Vice Premier Liu He, China's chief trade negotiator with the United States, and his US counterpart Katherine Tai spoke in late May by phone for their first talks under the administration of US President Joe Biden.

Donald Trump prohibited Americans from buying stakes in 31 Chinese companies that were deemed to be supplying or supporting China's military and security apparatus.

The government says that surging demand for coal in China, where bad weather has limited local production while industrial recovery is driving up demand, is responsible for the price hike in Indonesia.

PT Matahari Putra Prima (MPPA) has added 95 virtual stores to the Tokopedia platform as it seeks to strengthen its online presence amid the e-commerce boom.

Indonesia’s Purchasing Managers’ Index (PMI) rose to a record high for the third consecutive month in May, compelling manufacturers to hire new workers for the first time since the pandemic struck the country.

Inflation in Indonesia remained benign in May, with consumer prices up just 1.68 percent on the year and 0.32 percent on the month, driven by higher demand for food and transportation in the Ramadan holiday season.

Shareholders of the long-haul affiliate of AirAsia Group approved all resolutions at an extraordinary general meeting, including a rights issue and a share subscription for new investors to raise 500 million ringgit.

KDDI did not disclose the amount of the investment. The startup, established in 2016, offers a smart city platform using such technologies as internet of things and artificial intelligence to detect, analyze and solve problems in urban infrastructures in Indonesia, KDDI said in a news release Tuesday.

The government is seeking to offer a second tax amnesty to fix the budget deficit, but critics argue such a move would encourage tax evasion.

"The two sides believed that the China-US economic relations are very important," Xinhua News Agency said, adding they had "extensive exchanges" on the macroeconomic situation as well as on bilateral and multilateral cooperation.

The members made the decision in a virtual meeting of the TPP Commission, the group's top decision-making body, Yasutoshi Nishimura, Japan's minister in charge of TPP negotiations, told reporters.

Relative improvements in the first two months of Q2 2021 indicate light at the end of the tunnel for economic growth.

Indonesia is in talks to secure US$836 million in green funds to finance environmental protection and climate change mitigation efforts in one of the world’s top greenhouse gas-emitting countries.

Property conglomerate Lippo Group, through a subsidiary, has invested around Rp 21 billion (US$1.46 million) in Ruangguru, acquiring a 3.38 percent stake in the education technology (edutech) start-up.

Bank Mandiri has become the largest lender in Indonesia after incorporating the assets of Bank Syariah Indonesia.

State-owned telecommunication operator Telkomsel launched on Thursday the first commercial 5G service in Indonesia, thereby testing the market for such a premium data service.

The government is planning to postpone the launch of the new online single submission platform by one month. The platform was initially scheduled to be launched on June 2.

The official manufacturing Purchasing Manager's Index (PMI) inched lower to 51.0 in May from 51.1 in April, data from the National Bureau of Statistics (NBS) showed on Monday, but remained above the 50-point mark that separates growth from contraction.

PT Kalbe Farma, a leading Indonesian pharmaceutical group, has reported net sales of Rp 6.015 trillion (US$421 million) in the first quarter of 2021, marking a year-on-year increase of 3.8 percent and failing to impress investors.

Luxury villas are the hottest segment in the market, with European buyers in particular seeking homes on Dubai's signature Palm Jumeirah man-made island, as well as golf course estates.

The move came as the administration of US President Joe Biden steps up pressure on China amid concerns over its human rights violations, including against the Muslim Uyghur minority in China's far-western Xinjiang region.

Money is cheap. Let's spend it. That's the message coming from the White House on Friday, after it unveiled a $6 trillion budget proposal that would ramp up spending on infrastructure, education and combating climate change, arguing it makes good fiscal sense to invest now, when the cost of borrowing is cheap, and reduce deficits later.

The data center was built in southwestern China's Guizhou Province jointly with a Chinese company with a contracted investment of $1 billion under a 2017 agreement with the provincial government, the state-run Xinhua News Agency said Thursday.

Top government officials forecast Indonesia’s gross domestic product (GDP) to grow between 6.5 and 8.3 percent in the second quarter this year as the country is expected to book its first year-on-year (yoy) GDP growth since the COVID-19 pandemic struck.

The move follows a decision this week by Total and Chevron that suspended some payments from a similar gas joint venture that is also part-owned by the state-owned gas enterprise.