The announcement comes as Foxconn seeks to diversify away from the production of consumer electronics and as Indonesia seeks to develop an end-to-end EV battery supply chain.

The central bank has again extended its rules on credit card debt to support household spending and thereby the economic recovery.

A Hong Kong financial industry association found that 48 percent of its members were contemplating moving staff or functions away from the city.

China's house prices soared after key 1998 reforms, raising worries about wealth disparity and potential social instability.

Small businesses in Indonesia are considered easy prey and can serve hackers as launchpads to other critical environments.

Chinese technology conglomerate Tencent Holdings has acquired 14.62 percent of the publicly listed production house in a transaction aimed at enabling the Indonesian company to expand its global reach.

The government is planning to replace flag carrier Garuda Indonesia with charter airline PT Pelita Air Service (PAS), which operates Pelita Air.

The pandemic has slowed down investment in the electricity sector, with government-set targets missed by wide margins in several segments.

The consumer goods giant has attributed a significant decline in sales and profit to a challenging third quarter as virus containment measures took a toll on consumer demand.

The strategy is BCA's response to slow loan growth in the consumer and small business segments.

Countries expanding clean energy employment include Vietnam and Malaysia, which export solar equipment; Indonesia and Colombia, with large agricultural supply chains for biofuels; and Mexico and Russia, where wind power is growing.

The chiefs may call for infrastructure improvement and diversification of sources of key goods, which are long-term solutions to an already pressing issue.

Japan's core consumer prices edged up 0.1 percent in September, the first increase since March 2020 partly due to a rise in fuel prices, official data show.

The government hopes to book a 15.38 percent increase in transactions this year at the country’s largest annual trade event.

The finance minister says policymakers are not only considering technicalities but also the "political economic" aspects of the plan.

Private equity investors are bullish on Indonesia's tech industry in 2022, especially as COVID-19 travel curbs are eased.

In an unusually blunt statement made public after a routine WTO meeting, Canberra insisted a slew of sanctions on Australian goods were politically motivated and showed a "growing gap between China's rhetoric and its actions". 

Adding more ships will not solve the problem, warned an executive of Philippines-headquartered International Container Terminal Services (ICTSI).

Shares in Chinese property giant Evergrande plunged on Thursday after resuming trading in Hong Kong, with the failure of a unit sale deal deepening fears the indebted company will collapse.

His handling of the pandemic is the most recent indication that the President places the economy over everything else, yet GDP growth has never met the target.

Established banks have pledged to maintain strong digital security systems and encouraged consumers to take precautions against cyberthreats, but the passage of the stalled bill is deemed crucial, as personal information is increasingly shared in the industry.

The government plans to allow foreign tourists to wait out their five-day quarantine on a liveaboard ship, affording travelers a taste of vacation before they’re allowed to enter Bali proper.

An agreement signed by the two companies on a feasibility study for the project comes as the government seeks new use for the country’s abundant coal reserves.

Bank Indonesia has kept the seven-day reverse repo rate unchanged at a record low of 3.50 percent as the central bank sees full-year inflation at the lower end of its target range.

Indonesia's Trade Minister broached the issue of international trade policies that promoted fair e-commerce competition for MSMEs at a meeting of trade ministers ahead of the G20 Summit at the end of this month.

The government will use tax policies to fight climate change by putting a price on carbon emissions, but businesses have expressed opposition while experts say the provisions will hardly get Indonesia closer to its climate goals.

The dollar languished near the bottom of its recent range against major peers on Tuesday, knocked back by weak US factory data overnight and on market wagers of faster normalization of monetary policy in other countries.

President Joko “Jokowi” Widodo says state-owned enterprises (SOEs) should no longer be shielded by the government and should look for international partners.

Indonesia’s stock market has performed relatively well amid recent market volatility, but research analysts at financial services group Nomura Holdings suggest it is still punching below its weight.

Indonesia’s largest integrated petrochemical manufacturer says the new facility will roughly double its production capacity.