The lion’s share of the funds, 64 percent, would be used to develop a floating storage regasification unit (FSRU) -- a ship that reconverts LNG into gas for distribution.

Bank Indonesia (BI) launched the Cross-Border QR Payment Linkage on Tuesday in collaboration with the Bank of Thailand (BOT) to boost financial integration in Southeast Asia.

For the first time in a more than a decade, Indonesia’s budget plan foresees no spending growth as the government aims to reduce the deficit, but that may not suffice to allay concerns about sovereign credit risk.

The main gauge of Indonesian stock prices has dropped below the psychologically meaningful mark for the first time in more than a month, after news from Wall Street soured the mood on global equity markets.

Bank Indonesia held the seven-day reverse repo rate (7DRRR) at 3.5 percent, maintaining its pro-growth monetary stance as the economy faces a resurgence of COVID-19 cases.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.63 percent, heading back towards 2021 lows set last month, with Chinese blue chips down 0.21 percent, Australia falling 0.54 percent and Hong Kong off 0.45 percent.

It was the second-highest surplus recorded so far this year, after the $2.70 billion surplus booked in May.

The macroeconomic assumptions in the 2022 state budget reflect an expectation that the economy will rebound to pre-pandemic levels next year.

Asian shares held near year-to-date lows on Wednesday as overnight declines on Wall Street reinforced worries about the economic impact of the Delta coronavirus variant sweeping through the region.

The government is trying to whittle spending while growing revenue to reinstate the 3 percent state budget deficit by 2023 as required by law, though it remains to be seen if the planned changes to the 2022 PEN budget will burn the candle at both ends.

PM Muhyiddin Yassin said he quit after losing the confidence of parliament, though Malaysia's king said he will remain caretaker leader until a replacement is found.

The oil and gas giant booked a US$182.81 million net profit in the first half, compared with a $767.92 million net loss from the same period last year, according to its latest financial report.

President Joko "Jokowi" Widodo said the government would seek to spur economic growth to 5.5 percent next year while the budget deficit was expected to narrow to 4.85 percent of GDP.

The country’s indebtedness abroad remains “manageable” according to Bank Indonesia as most of the debt comes with long maturity and the debt-to-GDP ratio has come down to 37.5 percent.

The President has reiterated his ambitious target of realizing nearly US$63 billion in direct investment this year in a bid to shift the economy toward manufacturing and exports and away from consumption, which has been dealt a severe blow amid the prolonged pandemic.

The appointment was part of a reshuffling of the publicly listed carrier's board of directors and commissioners.  

As Indonesia continues to struggle with an oxygen supply shortage in the fight against the COVID-19 pandemic, more help is on the way.

The government has decided to pour tens of trillions of rupiah into SOEs in pursuit of its ambitious development projects even as economists question their capabilities, especially at a time when the money would be better spent on public health.

A survey by Baker McKenzie showed that 84 percent of Indonesian businesses felt disrupted, which meant they lagged behind competitors in digitalization efforts, despite a year of accelerating digital transformation. 

Payment platform Durianpay has received US$2 million in funding led by Sequoia Capital India’s accelerator program, Surge. Founded less than a year ago, the company aims to cash in on Indonesia's growing e-commerce market.

Indonesian housing market is expected to remain anemic as the central bank sees prices growing more slowly again in the current quarter after a slight uptick in the previous three months.

A day after the historical takeover of the Rokan oil and gas block from United States-based supermajor Chevron, Pertamina upstream subsidiary PT Pertamina Hulu Rokan (PHR) carried out its first drilling activity at one of Indonesia’s most lucrative oil blocks.

German sportswear giant Adidas has agreed to sell its ailing Reebok unit to US-based Authentic Brands Group in a deal worth around $2.5 billion.

The fast-spreading Delta virus variant, which is forcing governments to introduce containment measures, and the Chinese government's campaign to tighten its grip on the world's number two economy were also playing on sentiment.

Consumer confidence has fallen back into pessimistic territory and retail sales booked an annual contraction after three months of recovery.

Online travel agent Tiket.com saw an average sevenfold year-on-year (yoy) increase in transactions across all of its products in the second quarter of the year as relaxed restrictions caused a surge in demand compared to last year.

The request reflects the White House's willingness to engage major world oil producers for more supply to help industry and consumers, even as it seeks the mantle of global leadership in the fight against climate change and discourages drilling at home.

Asian markets fluctuated Thursday after a record lead from Wall Street, as traders assessed US figures showing a drop in inflation that eased some pressure on the Federal Reserve to start winding down its ultra-loose monetary policy soon.

The recent IPO of Bukalapak reflects widespread excitement over the prospects of tech start-ups in Indonesia, and amid all the gloom in economic affairs during the coronavirus pandemic, venture capital is a welcome exception.

Indonesia-based e-commerce unicorn Bukalapak share price declines just two trading days after the company’s initial public offering (IPO) as investors sold off shares to take profits.