The country’s IT spending is expected to experience a 13 percent compound annual growth rate (CAGR) over the next few years, bringing the value of the sector to US$6 billion by 2024, according to a report by Boston Consulting Group (BCG) and technology company Cisco published on Tuesday.

The agency assumes certain powers from the Trade Ministry, Agriculture Ministry and SOEs Ministry to address miscoordination between the three ministries.

Indonesia Stock Exchange (IDX) assessment director I Gede Nyoman Yetna said on Thursday that the local bourse had not received any information directly from the company.

Kredivo chief operating officer Valery Crottaz said Vietnam was a "logical choice" due to its low credit card penetration rate.

Experts attribute Indonesia’s recent gain in a global competitiveness ranking to improved infrastructure, a rising number of internet users and cheap labor, rather than to the Job Creation Law issued with the intent of strengthening domestic industries.

There is much anticipation in global financial markets around Federal Reserve Chair Jerome Powell's speech to see if he will detail plans to roll back the US central bank's massive stimulus measures.

President Joko "Jokowi" Widodo has announced a three-pronged strategy to boost Indonesia's economic growth, providing insight into the direction of government policy for the remainder of his term in office.

Chief strategy officer Natalia Rialucky “Ria” Marsudi said the license would make the company “more confident” in partnering with state-owned enterprises (SOE), region-owned enterprises (BUMD) and other fintech companies to acquire more farmers.

Political parties within the commission agreed to move forward with the deliberation of the bill, which is expected to become a game changer in the industry in Indonesia.

A minimum-capital requirement has proven a tall order for many ventures capital companies (VCs) in Indonesia, and this is just one of several regulations believed to be discouraging investment into the country’s digital industries.

Bank Indonesia reported on Wednesday that credit growth slowed to 0.5 percent year-on-year in July from nearly 0.6 percent in June. The NPL ratio was slightly up at 3.31 percent.

The sandwich chain is returning to Indonesia after pulling out in the early 2000s.

Developing countries would shoulder around two-thirds of the loss, according to the Economist Intelligence Unit's study.

Asian shares held onto their recent gains on Wednesday after last week's pummelling, as global equities rebounded thanks to a combination of positive COVID-19 vaccine news and easing worries over tapering of Federal Reserve stimulus.

Huawei, the world's largest telecommunications equipment maker, has been hobbled by trade restrictions imposed by the Trump administration on the sale of chips and other components used in its network gear and smartphones businesses. The Biden administration has been reinforcing the hard line  on exports to Huawei, denying licenses to sell chips to Huawei for use in or with 5G devices.

This third burden sharing scheme is meant to help the government finance COVID-19 relief efforts, following the second coronavirus wave.

Enterprises in Indonesia are preparing to welcome Industry 4.0 with investment made in green energy, cloud storage and AI technology. However, the country still faces challenges in telco infrastructure and human resources.

Recently appointed BPH Migas head Erika Retnowati said on Monday that the agency considered clarity on the Cisem project critical to secure funding from the 2022 state budget.

For the next two to three years, the ministry will grow the PFB through reinvestments and injections.

The Asian Development Bank (ADB) plans to start buying facilities in 2022, before Indonesia takes over the G20 chairmanship that same year.

The government has altered its forecast for debt issuance in 2021 to cover a wider-than-expected budget deficit as tax collection is projected to fall short of the full-year target.

The dollar was smarting on Tuesday following its sharpest one-day fall since May, though traders were wary of chasing the mood-driven move lower ahead of a Federal Reserve symposium that could map out an end to stimulus and asset purchases.

The Financial Services Authority (OJK) launched three regulations aimed mainly at spurring the development of digital banks in the country.

The government’s oil and gas industry regulator sees strong growth in fuel consumption but views a global shift to renewable energy as a key challenge to upstream investment.

The unit climbed around two percent to $50,249.15, its highest since mid-May, when it began tumbling on a range of issues including China's crackdown on cryptocurrencies and Tesla boss Elon Musk's decision to stop accepting it on concerns about the environmental impact of mining.

Asian shares bounced on Monday as a wave of bargain hunting swept beaten-down markets and China reported no new locally acquired COVID-19 cases for the first time since July, though the mood remained brittle overall.

While the gaming industry was an overachiever in Indonesia’s economy last year with a growth of 4.47 percent, business representatives want the government to support the industry to unlock its full potential.

The rooftop photovoltaic (PV) solar panel ecosystem in Indonesia has plenty of room for improvement, experts say, but the shiny plates could already be a worthwhile investment for individuals as the government is pushing for PV utilization.

The company expects demand for international cargo services, whether for commercial or noncommercial purposes, to drive the business segment’s growth.

Micro, small and medium enterprises in Indonesia have seen improvements a year into the coronavirus pandemic, but many still struggle to find buyers and working capital, the Asian Development Bank (ADB) says.