The rival offer is for a 92.5 percent share of the company, fractionally lower than the 95 percent that DeaLab offered, the report said citing a letter sent to the board on Tuesday evening. 

Tesla makes its electric cars at its gigafactories in Shanghai, Austin, Berlin and Fremont, California and is reportedly set to announce a new factory in Mexico's Nuevo Leon state.

Well-controlled inflation has helped consumers to stay optimistic throughout last year, but growth on retail sales stalled with the public choosing to prioritize spending on basic needs amid uncertainty.

Innovation is at the core of a business’ long-term stability. Innovation drives return customers by consistently identifying new ways to keep them satisfied.

This is among the weakest rates seen in nearly three decades, overshadowed only by the pandemic-induced downturn of 2020 and global financial crisis in 2009.

Moody's 2023 Asia-Pacific outlook cautions that even as the government remains focused on post-pandemic recovery, growing political tension ahead of the 2024 election could restrict further progress in economic reform.

The news underscores rising interest in the artificial intelligence company, whose chatbot has dazzled amateurs and industry experts with its ability to spit out haikus, debug code and answer questions while imitating human speech.

Coal and crude palm oil are the country’s key export commodities, accounting for 18.77 percent and 12.14 percent of total exports from January to November last year, according to Statistics Indonesia (BPS).

Recent rankings published by the IMD World Digital Competitiveness Center (WCC) reveals that several ASEAN countries have a strong ability to adopt and explore new digital capabilities and technologies. These countries include Singapore (4th), Malaysia (31st), Indonesia (51st) and the Philippines (56th).

Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5 percent to $871 billion since Jan. 1, but it's still down over 57 percent from this time last year. 

Homegrown alcohol beverage Cap Tikus producer seeks to expand production capacity and sell its product to overseas markets after successfully raising US$11.3 million from an initial public offering (IPO).

Bank Sumut is set to make its debut on the Indonesia Stock Exchange on Feb.7 to become the fourth regionally owned bank listed on the bourse. 

"We have a new [Berlin] wall now," Finance Minister Sri Mulyani said.

The Labor Party said the formula for minimum wage in the regulation did not follow international standards as the government included “certain indexes” variables that were not stated in the International Labour Organization (ILO).

While research has shown continued investment growth this year in data center development, a shift in policy mindset away from data localization and toward hyperscale computing was needed to fulfill market potential.

Manpower Minister Ida Fauziyah said the government regulation in lieu of law (Perppu) on job creation would increase employment and maintain business sustainability. 

The comments by President Joko "Jokowi" Widodo followed a meeting with Malaysian Prime Minister Anwar Ibrahim, who was making his first overseas trip since being elected last November. 

The American investment bank did not respond to an AFP query seeking comment.

One of China's most recognisable entrepreneurs, Ma once exemplified a generation of Chinese technology moguls with his rags-to-riches personal tale and penchant for public showmanship.

Jefrey Joe, cofounder and general partner at Alpha JWC Ventures, one of the country's biggest tech venture capital firms, speaks about the company’s history, positioning and what it expects in 2023.

The Indonesian crypto market is unlikely to improve in 2023, with investors braced for another difficult year amid a new regulatory environment.

The lifting of the unofficial ban on Australian coal imports, which were halted in 2020 in a fit of Chinese pique over questions on COVID's origins, is the clearest sign yet of the renewed ties between them. The resumption is also a reminder of their economic interdependence as Australia's raw materials play a crucial role in fuelling the export-oriented economy of China, the world's biggest coal consumer and producer.

East Ventures closed a total of 105 deals in 2022, 85 of which are new portfolio, totaling around US$211 million of funds disbursed to startups in both early and growth stages.

Even as the virus tears through its 1.4 billion people, the world's second largest economy is opening its borders from Sunday, a move that promises to unleash a wave of travellers eager for diversion after three years of strict curbs at home.

Shares of national flag carrier Garuda Indonesia have suffered a precipitous drop in the company’s first days back on the stock market, as it struggles to regain the trust of investors after a solvency crisis last year.

"Between the reductions we made in November and the ones we're sharing today, we plan to eliminate just over 18,000 roles," said CEO Andy Jassy in a statement to his staff. The company had announced 10,000 layoffs in November.

Analysts project modest loan growth next year for Indonesia's banking industry, citing looming uncertainties and unfavorable conditions stemming from the expected global downturn.