Timor-Leste's Petroleum Fund (PF) is 'well capitalised' to support economic growth, although it is currently being hampered by the pandemic, according to the Economist Intelligence Unit

Shotaro Tani, Jakarta – Two of Indonesia's largest tech startups, Gojek and Tokopedia, announced on Monday they will merge, a move that will create one of Southeast Asia's biggest tech

Antara, Jakarta – Indonesia's economy is believed to clock a nearly seven-percent growth in the 2021 second quarter following an upward trend in the realization of foreign direct invest

Jakarta – Telekomunikasi Seluler, or Telkomsel, the cellular operator unit of Indonesia's largest telecom company Telkom Indonesia, has injected $300 million new investment in ride-hail

Emma Connors, Singapore/Jakarta – Indonesia's sovereign wealth fund is finally open for business and the government of President Joko "Jokowi" Widodo has made some important concessions

Dzulfiqar Fathur Rahman – The Indonesian economy saw the latest in a series of diminishing contractions in the first quarter of 2021, staying on course for an economic recovery as the g

Shotaro Tani, Jakarta – Indonesia's economy shrank for the fourth straight quarter, as the coronavirus pandemic remains a drag on Southeast Asia's largest economy.

Jakarta – Indonesia has seen inflation accelerated to its fastest pace in three months in April, as demand for foods and clothes during the Islamic fasting month of Ramadan picked up an

Jakarta – The foreign direct investments into Indonesia has grown rapidly first quarter this year, reflecting investors' confidence in Indonesia's structural reform as global investment

Jakarta – Foreign direct investment (FDI) into Indonesia rose 14% in rupiah terms in the first three months of 2021 on the year, data from investment board BKPM showed on Monday.

Jayanty Nada Shofa, Jakarta – The National Development Planning Agency, or Bappenas, revealed that achieving net-zero emission would help Indonesia save the environment and escape the m

Budiarti Utami Putri, Jakarta – The House of Representatives (DPR) has officially given a green light for President Joko "Jokowi" Widodoto establish a new ministry dubbed the Investment

Jayanty Nada Shofa, Jakarta – Today, the Indonesian young generation stands to benefit from its rapid growth and capital market development that present ample investment returns in the

Mass vaccination would be the only way to bring economic recovery to Indonesia, which has been pounded by the slowdown induced by the social distancing measures due to the COVID-19 pand

Jayanty Nada Shofa, Jakarta – Key bilateral agreements, including expropriation protection and double-taxation prevention set to enter into force this year, would spur foreign direct in

Antara, Jakarta – President Joko "Jokowi" Widodo on Friday called on all regents in the country to provide exceptional services for exports and investments as he said both were key to t

Dion Bisara, Jakarta – The United Arab Emirates has announced a plan to invest $10 billion in the Indonesia Investment Authority, or INA, the largest commitment from a single country to

Ankur Tanwar, Indonesia – Southeast Asia's biggest economy – will be propelled by consumption in the months ahead in a boost that will raise corporate revenues and reduce leverage, acco

Herman, Jakarta – Japanese automotive giants Honda, Suzuki, and Mitsubishi Motors have pledged a combined investment of at least $1.2 billion in Indonesia over the next few years to exp

Joao da Cruz Cardoso – Timor-Leste, like many other countries, has experienced considerable economic hardship due to the COVID-19 pandemic.

Jakarta – A tax discount for buyers of automobiles will not be effective in increasing economic growth. A comprehensive stimulus policy package is needed.

Shotaro Tani, Jakarta – In a bid to spur both domestic and foreign investment, Indonesia has designated 245 industries as "priority" and will offer incentives to attract capital to thos

Herman, Jakarta – Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said that the Indonesian government was still in discussion with American electric ca

Jakarta (Reuters) – Indonesia's government has issued a new regulation on investment following the passage of its job creation law last year, which includes the removal of some restrict

Antara, Jakarta – The State Secretariat hoped that the issuance of 49 derivative regulations of the Job Creation Law, or Law No.

Herman, Triyan Pangastuti, Jakarta – Bank Indonesia, or BI, the country's central bank, has cut its benchmark interest rate by 25 basis points to a record low of 3.5 percent and drop th

Triyan Pangastuti, Muhammad Ghafur Fadillah, Novy Lumanauw, Jakarta – The government has increased the Covid-19 and national economic recovery (PC-PEN) fund by 19 percent and provided t

Triyan Pangastuti, Arnoldus Kristianus, Nasori – Jakarta – The government is confident Indonesia's economy would return to an expansion mode in the first quarter this year, banking on t

Indonesia's gross domestic product (GDP) fell slightly more than expected in the fourth quarter, tipping Southeast Asia's largest economy into its first full-year contraction in more th

Herman, Arnoldus Kristianus, Jakarta – Inflation in Indonesia has slowed down to the lowest level in three months in January.

Triyan Pangastuti, Jakarta – Indonesia attracted $7.7 billion in foreign direct investment last year, only down slightly from the year-earlier as the largest economy in Southeast Asia m

Grace Sihombing and Haslinda Amin – Indonesia sees downside risks for economic growth in the first quarter as the government imposed more restrictions to curb a worsening coronavirus ou

Grace Sihombing – Indonesia is set to remove energy, communications and tourism from a list of sectors restricted to foreigners in a bid to boost investments and create jobs.

Jakarta – Deutsche Bank Indonesia projects that investors will be lured back to the country's domestic capital market, given the stronger rupiah and supportive interest rates.

Jakarta – The government is once again unfurling an electric car program. It needs a comprehensive and consistent policy to allow the old dream to not collapse.

Yoolim Lee – Indonesia's ride-hailing and payments giant Gojek is in advanced discussions about merging with local e-commerce pioneer PT Tokopedia, ahead of a planned initial public off

Adrian Wail Akhlas, Jakarta – Indonesia's economic growth is expected to rebound this year after it fell in 2020 into its first recession since the 1998 Asian financial crisis, but the

Jakarta – Competition in Indonesia's heavy equipment market, which has already been hit hard by depressed mineral prices and investment during the COVID-19 pandemic, will become much fi

Jakarta – Indonesia's economic situation is expected to improve soon, as the government is preparing a number of recovery plans, Coordinating Economic Minister Airlangga Hartanto has sa

Riska Rahman, Jakarta – The government has further downgraded this year's economic growth forecast amid the rise in COVID-19 cases ahead of the Christmas and New Year holidays, as well

Ester Nuky, Sanya Dinda, Jakarta – Indonesia's and South Korea's $9.1 billion electric car battery joint venture project has gotten a boost after the two countries signed a comprehensiv

Dzulfiqar Fathur Rahman, Jakarta – Indonesia's abundant nickel reserves and the Job Creation Law may help the country attract investment from American electric automaker Tesla, an exper

Adrian Wail Akhlas, Jakarta – Indonesia's gross domestic product (GDP) is expected to shrink by 2 percent at worst or grow by 0.6 percent at best in the fourth quarter of this year, Coo

Ridho Syukra, Jakarta – American food and giant Cargill has invested $100 million in its Indonesian subsidiary Sorini Agro Asia Corporindo to expand a sweetener factory in Pandaan, East

Adrian Wail Akhlas, Jakarta – President Joko "Jokowi" Widodo addressed on Wednesday 50 global business leaders in a virtual dialogue held by the World Economic Forum, in which he promot

Mardika Parama, Jakarta – Indonesia is collaborating with the World Economic Forum (WEF) to host a virtual forum on Wednesday that focuses on economic recovery in the country and the go

Adrian Wail Akhlas, Jakarta – Indonesia's economy is expected to return to growth in 2021 after facing a recession this year, economists say, but unemployment and poverty may rise furth

Adrian Wail Akhlas, Jakarta – The lack of confidence in the economy among upper-middle-class citizens presents a hurdle for the nation's economic recovery, Finance Minister Sri Mulyani

Triyan Pangastuti, Jakarta – Contemporary Amperex Technology, or CATL, a battery manufacturer from China, has decided to invest $5.1 billion to build a manufacturing plant for electric

Jakarta – Indonesia's digital economy sets to expand by 11 percent to $44 billion in 2020 from $40 billion last year, showing resilience amid the Covid-19 pandemic that wreaks havoc on