The report came just ahead of senators passing Biden's $1.9 trillion rescue plan, setting it up to be signed off by the president by the end of the week.

The proposal narrowly gained approval with 51.7 percent support in a nationwide referendum. Voters also backed a ban on full face coverings in public places, which would include Islamic full-face veils or burqa.

The dollar also fell slightly against the British pound and the euro, but held at multi-month highs against the yen and the Swiss franc because of rising Treasury yields.

Attracting tech start-ups is one of the bourse’s many strategies to deepen Indonesia’s shallow financial market whose market capitalization-to-gross domestic product (GDP) ratio of 46.8 percent is the lowest among the ASEAN-6.

The Myanmar military's seizing of power on Feb. 1 and subsequent protests have cast a shadow over the Southeast Asian nation of 54 million people. An extended period of chaos may prompt Japanese firms to hold off on new investments and review their business strategies, experts say.

Electronics and textile exports such as masks contributed to the spike in outbound shipments, as demand for work-from-home supplies and protective gear against the virus outbreak soared during the pandemic.

President Joko "Jokowi" Widodo encouraged Indonesian consumers to "love local goods" and "hate foreign products" at a coordination meeting laying out the national strategy for economic recovery.

Under the deal, tariffs would be gradually removed from almost all of Switzerland's biggest exports to the world's fourth most populous country, while the Swiss would abolish duties on Indonesian industrial products.

Oil prices jumped higher Thursday after OPEC+ countries allowed crude production to rise only slightly, while US stocks unwound over concerns about rising inflation despite the Federal Reserve's attempt to allay fears.

"As a general target, China's growth rate has been set at over 6 percent for this year," Premier Li Keqiang said in his 2021 work report. "In setting this target, we have taken into account the recovery of economic activity."

Indonesia’s manufacturing growth slowed down in February after hitting a six-year high the previous month as flooding and the COVID-19 pandemic disrupted the sector.

Small banks have made it to the top gainers list on local bourse amid mergers and acquisitions by big banks and start-ups in their pursuit to establish digital banks.

It is the world's first vehicle sold in the market which allows the driver to engage in different tasks such as reading and watching TV behind the wheel in certain conditions such as when the car is in congested traffic on expressways, the Japanese transport ministry said.

Europe's biggest airline said it expects to book an operating loss again in 2021, although smaller than last year, as capacity runs at only 40-50 percent of pre-pandemic levels for the full year. 

MSMEs account for 99.9 percent of all Indonesian enterprises, employ 117 million citizens — 97 percent of the labor force — and contribute 60 percent of the country’s gross domestic product.

After a year-long rally across the planet and with light at the end of the pandemic tunnel, focus is now on the expected surge in activity as lockdowns are eased and life returns to some semblance of normal.

An unidentified tax official is suspected of accepting billions of rupiah from a taxpayer to lower the latter’s dues.

The software developer is looking to expand its business in the SME sector to exploit Indonesia's burdgeoning enterprise software sector, which it puts at US$3 billion in market size by value.

Savings and loans cooperative KSP Indosurya Cipta is in the process of settling its obligations to clients after a court approved in July last year the peace agreement between the cooperative and its members.

Indonesia’s Muslim organizations and Papuan leaders have pushed President Joko “Jokowi” Widodo to repeal relaxed investment rules just one month after they were passed.

Investment and wealth management platform FUNDtastic raised US$7.7 million while education loan fintech ErudiFi gathered $5 million to expand their businesses in Indonesia and Philippines. 

Indonesia has initiated the restructuring program to cushion the impact of economic downturn. About 39.3 percent of the restructured loans cover small businesses. 

Indonesia Investment Authority (INA) serves to manage investments and optimize the value of the managed investments in the long term.

Annual inflation decreased 0.17 percentage points from January to February, driven by the core inflation rate and government price controls, according to BPS.

Pretax profits of domestic companies covered in the Finance Ministry's quarterly survey were down just 0.7 percent from a year earlier at 18.45 trillion yen ($172 billion).

The quarterly earnings report came with a forecast by the company that it will grow some 40 percent in the current year despite the likelihood that vaccines will make remote work and school less of a necessity.

With a combined user base of about 150 million in Japan, the merger of Z Holdings, a SoftBank Group subsidiary, and Line will make it one of the biggest information technology companies in the country.

Government will be sole owner of 5G spectrum, infrastructure.

“We’re supporting the lower-income group through social aid and we’re supporting the middle-income group through incentives in these sectors,” said Finance Minister Sri Mulyani Indrawati.

The firm benefitted from a collapse in fossil fuel prices.