The coronavirus has plunged the financial hub into its worst-ever recession, with the crucial aviation and tourism sectors hit particularly hard as global travel ground to a halt.

The government has announced the development of MNC Lido City, a combined theme park, movie studio and golf club, as an SEZ to be developed by tycoon Hary Tanoesoedibjo's MNC Group.

Indonesia’s start-ups opportunity is tremendous, especially since the US-China tension has pushed investors to redirect their funds to Southeast Asia, and they are focusing on Indonesia as a big market.

The data points to agriculture as the key to solving the dilemma between economic growth and increased COVID-19 transmission.

Jaguar Land Rover, owned by Mumbai-based Tata Motors, will invest £2.5 billion ($3.5 billion, 2.9 billion euros) annually under its 'Reimagine' plan, which sees also the first all-electric Land Rover model hitting showrooms in 2024, JLR said in a statement.

Indonesia has logged a trade surplus in a trend that began in May last year as commodity prices have picked up while the pandemic has battered demand for imported goods.

Indonesian companies make "sudden" technology transformations. Sometimes they overinvest, leaving their teams and users unprepared to use the new technology.

Vivendi owns 80 percent of UMG, whose artists and catalogue range from the Beatles to Lady Gaga, after recently selling 20 percent to China's Tencent group.

Apple's Project Titan is devoted to electric autonomous vehicles and has been in the works for several years -- but details of the venture have been kept under wraps by the notoriously tight-lipped company.

Last year's 6.1 percent contraction was the worst since a 7.6 percent decline during the Asian financial crisis in 1997 and officials said they expect the economy to expand at a much slower pace than initially predicted in 2021.

The government intervention is part of a briader effort to save the financially and legally embattled national carrier.

Real gross domestic product, the total value of goods and services produced in a country adjusted for inflation, marked the first decrease since it shrank 5.7 percent in 2009, the largest contraction since data began to be compiled in 1955, according to the preliminary figures released by the Cabinet Office.

Australian Treasurer Josh Frydenberg said talks with Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai had made "great progress" in resolving a standoff being closely watched around the world.

McDonald's three new sandwiches – all with a larger fillet and new potato bun – will start at $3.49 and top out at roughly $4.69, depending on the region, according to a US franchisee who spoke on the condition of anonymity and a Credit Suisse analyst.

Factory prices rose in China for the first time in a year last month as the country's vast industrial sector leads a recovery from the virus pandemic, with analysts hailing the data as a turning point for the world's number two economy.

Britain on Friday pressed for G7 action to tackle the global fallout from the coronavirus pandemic, as well as climate change and digital taxation, as it outlined its priorities for the elite economic club.

Dating apps have been hugely successful since the pandemic began and singles found themselves without venues to meet up. 

Indonesia’s first annual economic contraction since the 1998 Asian financial crisis may have a long-term impact on the country, pushing back the government’s efforts to escape from the middle-income trap by 2045, a top government official has warned.

The online meeting by finance ministers and central bank governors is the first G-7 ministerial gathering in 2021, with Britain holding the group's presidency.

Indonesia is looking to grow sharia finance, banking on its Muslim-majority population.

In a tweeted video also dated Feb. 5, the admin admitted that she created the account because of her own refund problems.

A study shows that contactless payment volumes have skyrocketed since last year. Bank transfers rose 345 percent, pay later credit payments 290 percent and Quick Response Indonesia Standard (QRIS) payments 180 percent.

Profit after tax, equivalent to 2.64 billion euros, soared 139 percent compared with 2019, the company said in a statement.

Volkswagen, which owns brands such as Audi and Porsche, is working on both self-driving cars for the future and driver-assistance features such as adaptive cruise control in current vehicles. But the company's brand had been developing those features independently.

Full-year gross domestic product shrank 5.6 percent, the statistics department said, marking the worst performance since a 7.4-percent drop in 1998 during the Asian financial crisis. 

The last year saw the Greater Jakarta real estate market showing strong residential sales, but the retail property market suffered from the economic slump due to the COVID-19 health emerency, with market saturation forecast for 2021.

The Australian dollar sat just below a two-week top touched overnight, while the euro held at $1.2116, near its highest since Feb. 1. Sterling, also boosted by receding expectations for negative interest rates in Britain, sat just shy of Wednesday's nearly three-year peak of $1.3865.

GAPKI expects prices to be strong this year, averaging between $850 and $900 per metric ton of crude palm oil.

The US$6.98 billion deepwater drilling project is slated to produce 27,000 barrels of oil per day and 844 million standard cubic feet per day of gas starting late 2025. 

Heineken, the world's number two brewer, said it recorded a net loss of 204 million euros ($247 million) in 2020, a 109 percent fall in profits from the year before.