Investment app Bibit has raised US$95 million so far this year, about 70 percent of which comes from existing investors. The company plans to use the fresh funds to increase investment education and awareness.

The finance ministers and central bank governors from Japan, China, South Korea and the Association of Southeast Asian Nations gathered online on the sidelines of the three-day annual Asian Development Bank meetings that started in virtual format on the same day.

US-based polling company Gallup, which surveyed 300,000 people across 117 countries, found that half of those with jobs earned less because of COVID-19 pandemic disruptions. This translated to 1.6 billion adults globally, it said.

The plan to revamp Kota Tua historical site in Jakarta has been held back due to private owners' wish to  tear down old buildings or they were difficult to track down.

This is the first time that the company has disclosed figures from sales of one of the world's leading vaccines, which it sells on a not-for-profit basis. 

Financial Services Authority (OJK) data showed that last year, only Rp 32.52 trillion (US$2.25 billion) or 15 percent of P2P loan disbursements went to borrowers outside of Java, signaling a wide untapped market on other Indonesian islands.

ANA, the parent company of All Nippon Airways, expects a net profit of 3.5 billion yen in the current year through next March.

The telco giant booked an 11.5 percent growth in net profit to Rp 20.80 trillion (US$1.43 billion) last year, driven in part by new subscribers to its internet service provider and cellular operator subsidiaries IndiHome and Telkomsel.

The official manufacturing Purchasing Manager's Index (PMI) fell to 51.1 in April from 51.9 in March, data from the national Bureau of Statistics (NBS) showed on Friday.

Total revenue soared to $108.5 billion, an increase of 44 percent from the same period a year earlier, as the pandemic revved a trend of shopping online instead of in real-world stores.

The Finance Minister said structural reform, in part through the Jobs Creation Law, could accelerate Indonesia's economic growth to above 6 percent by 2023 without putting additional pressure on the state budget.

After a delay of nearly eight months due to COVID-19, Santini Group has opened the doors to its first hotel property in the North Sulawesi capital.

The aerospace giant, which has been in crisis mode since March 2019 when regulators grounded the MAX for 20 months, reported a $537 million loss in the first quarter, its sixth quarter in a row in the red.

The two Silicon Valley giants reported profits that essentially doubled, with Apple earning more than $23.6 billion and Facebook some $9.5 billion in the first three months of the year.

The country's second largest lender by assets saw its profit dip due to higher loan loss provisioning and operational costs, the latter attributed to the recent three-way merger to form Bank Syariah Indonesia that also led to a 20 percent boost in Q1 assets.

Newly appointed Investment Minister Bahlil Lahadalia has vowed to spur investment by focusing on carrying out the Jobs Creation Law, which aims to improve the country's investment climate by revising at least 79 laws.

The Swedish company netted a modest 23 million euros ($27.8 million) in the first three months of the year -- only the fifth quarterly profit since Spotify went public in 2018.

Huawei has been at the centre of intense US-China trade and technological rivalry in recent years and the Trump administration accused it of potential espionage on behalf of Beijing without providing hard evidence. 

The plan to develop Algorithm Hill, which its backers hope will be the Indonesian version of Silicon Valley in California, the United States, faces infrastructure challenges despite having secured an investment of Rp 18 trillion.

The regional bank and other economists concur that a COVID-19 spike over Ramadan and potential delays in the vaccination rollout are key risks to recovery.

Lifting, or ready-to-use production, reached 1,665.25 mboepd as of March 31, which is 97.3 percent of the target set in the state budget, according to SKK Migas data.

The launch came as the three countries have been working together to address vulnerabilities in the global manufacturing system, which continues to be hit by virus-induced trade disruptions.

Profit in the first quarter leapt to $17.9 billion from $6.8 billion in the same period a year ago while revenues jumped 34 percent to $55.3 billion, led by gains in advertising and cloud computing services.

The Regional Comprehensive Economic Partnership will create a free trade zone covering about 30 percent of the world's gross domestic product, trade and population. It will be Japan's first trade deal involving both China and South Korea -- its largest and third biggest trade partners.

Major currency pairs were little changed ahead of the US Federal Reserve meeting on Wednesday - where no policy change is expected.

The COVID-19 pandemic has further reduced the manufacturing sector’s performance.

"I, personally, have nothing against the US proposal," Germany's Olaf Scholz was quoted as saying. "If that is the result of negotiations, we would also be agreed," France's Bruno Le Maire said, according to Zeit.

Shockwaves rippled through global financial markets and institutions last month when the fund sold at least $20 billion in stocks as it sought to cover obligations to its lenders.

The move could be the world's first legislation to regulate digital advertisements if measures aimed at securing transparency and fairness in the industry are added to the law that took effect in February.

Adjusted profit before tax rose 109 percent to $6.4 billion although reported revenue slipped five percent on year to $13.0 billion in part because of low interest rates.