GoTo will refrain from making its ecosystem exclusive to Gojek and Tokopedia services. Observers say the merger will not impact competition within the Indonesian internet economy provided the company keeps its doors open to collaboration with other partners.

The bank forecasts the country’s gross domestic product to grow by 4.4 percent this year, a slightly less optimistic figure than the government’s prediction of between 4.5 and 5.3 percent.

The government plans to send a quarter of all civil servants under eight government bodies to Bali to work from there in a bid to boost the province’s battered tourist industry.

The Office of the US Trade Representative said in a statement that Tai raised "issues of concern" during the telephone conversation, although it did not elaborate what kind of matters she touched on.

“We hope that once the COVID-19 situation has become more conducive, the travel corridor arrangements can be implemented in a short period of time,” Tourism and Creative Economy Minister Sandiaga Salahuddin Uno told reporters on Monday.

Fujicco recently set up a joint venture with the Masuya group, the local operator of the Japanese-food Papaya Fresh Gallery supermarkets, with production lines set to be installed at a plant near Jakarta with the aim of starting sales early next year.

Indosat Ooredoo has won four prestigious awards at the 2021 Asia-Pacific Stevie Awards in recognition of the company’s outstanding achievements in the areas of innovative management, COVID-19 response and for its myIM3 customer service app and its 4G network excellence.

The government has stopped importing beef from India due to the COVID-19 crisis there, but without an alternative source country, Indonesia may be looking at a meat crisis by May.

Fiscal space needed to allocate budget funds to achieve 3% deficit target by 2023

Publicly listed retail group PT Hero Supermarket plans to close all of its Giant supermarket outlets by the end of July to improve its finances after the pandemic whammed Indonesia’s retail industry.

Bank Indonesia decided to maintain the seven-day reverse repo rate at 3.5 percent, the deposit and lending facility rates at 2.75 and 4.25 percent, respectively, in its May meeting.

After the dip in private equity investments and exits last year due to the pandemic, Indonesia looks to be on the path to recovery as interest in tech companies and special purpose acquisition companies (SPAC) could boost funding and initial public offerings (IPOs) this year, according to business consultancy firm Bain & Company.

CEO and founder Ren Zhengfei told staff the move made sense "because in the software domain, the US will have very little control over our future development, and we have much autonomy."

State-owned publicly listed Bank Mandiri has forecast a 5 percent growth in the national loan disbursement this year as the economy is expected to recover across many sectors.

Ma, formerly one of China's most flambouyant entrepreneurs, has largely disappeared from public view since Alibaba's fintech arm was investigated and fined by regulators for alleged monopolistic practices.

Authorities have attributed the upsurge in withdrawals over the two-day holiday to rising consumer confidence as well as the government ban on mudik (exodus).

After expanding to Bali last year, the agritech start-up is looking to expand its supply chain services to other Indonesian islands like Kalimantan and Sumatra.

Java's economic output remains the highest across the country's islands, making it hard to see migration to other cities and provinces outside the country's most populous island.

A recent study by consulting firm Redseer projects that online channels will contribute up to 10 percent of total mom and babycare sales by 2025, adding more than US$1 billion in value.

Digital telecommunications company Indosat Ooredoo closed the first quarter (Q1) of 2021 with a strong performance, maintaining the company’s momentum for growth from last year.

The idea, part of a larger effort to fund the American Families Plan including through increased taxes on the wealthy, would require "businesses that receive cryptoassets with a fair market value of more than $10,000" be reported to the Internal Revenue Service (IRS) tax authority.

In March, car sales surged 70 percent from the previous month to 84,915 units after the government implemented the first tax cut for cars with engine capacities under 1,500 cc.

Speaking to the Australian Broadcasting Corp., Tehan said Australia is trying to ascertain the cause of the delays with the government liaising with local industry groups as well as Chinese officials.

This week's merger announcement from Gojek and Tokopedia points to greater, global things to come for the homegrown tech giants, albeit through low-key, modestly worded messaging.

Indonesia’s trade surplus was at US$2.19 billion in April, widening by 39.5 percent from March, marking a rebound from a deficit seen last year.

The airline industry has been hammered hard by recurring waves of infections worldwide which have grounded air travel as governments restrict movement to halt the surges.

"Between them, the nine new billionaires have a combined net wealth of $19.3 billion (15.8 billion euros), enough to fully vaccinate all people in low-income countries 1.3 times," The People's Vaccine Alliance said in a statement. 

The government has formally requested the House of Representatives to deliberate a draft for a new tax law that would introduce changes to value-added tax as well as personal and corporate income taxes and introduce a carbon tax and a new tax amnesty.

Analysts say the perception of heightened risk may push up corporate bond yields in Indonesia. At some point, the situation could spell doom for companies that require financing to stay afloat.

The shopping mall developer had eyed this summer to start construction, but uncertainty has arisen over the project following a February coup in the Southeast Asian country. No new target has been given.