The minimum wage hikes recently declared in several major provinces are far from what labor unions had demanded, but it is business associations that are seeking legal recourse.

A few weeks ago, Indonesia and Egypt were again in the global spotlight. They hosted global meetings that could hopefully reverberate for years to come and transform climate commitments into real action.

Yoon held a video call with Tesla Chief Executive Elon Musk last week and Yoon's office cited Musk as saying South Korea is among the top candidate locations for a new Tesla factory. 

Industry leaders in the food commodities sector have raised prevailing issues with the SNNK, including product categories in the HS Code and the requirement to submit a whole-year import plan.

As part of its commitment to support environmental preservation and protection in Indonesia, Astra held its annual 2022 Workshop Lingkungan (Environmental Workshop) by visiting the Kampung Berseri Astra (KBA) Suntenjaya.

The dollar held its overnight gains on Tuesday as concerns about unrest in China over COVID-19 restrictions dampened market sentiment, and as hawkish remarks from Federal Reserve officials gave the greenback an additional leg up.

The Financial Services Authority (OJK) has extended the loan-restructuring program for certain businesses that it believes still require more time to recover from the COVID-19 pandemic and to withstand a global slowdown next year. 

Latest study found that the majority of Indonesians use electronic wallet (e-wallet) more often than cash and it also showed that GoPay is currently leading the sector, followed by OVO, Dana and ShopeePay.

Stocks and oil prices sank Monday on concerns about protests across China calling for political freedoms and an end to the government's hardline zero-COVID policy, fueling uncertainty in the world's number-two economy.

WhatsApp has introduced Calvin Kizana as its first head in Indonesia. The appointment reflects the growing importance the messaging firm attributes to the country's market.

Stocks and oil slid sharply on Monday as rare protests in major Chinese cities against the country's strict zero-COVID curbs raised worries about management of the virus in the world's second-largest economy.

Informed by the hefty cost overruns of the Jakarta-Bandung railway project, the proposed regulation appears aimed at avoiding a repeat of mistakes in future high-speed rail development.

With FIFA projecting at least 5 billion TV viewers, the world's highest profile soccer event is a major opportunity for sports apparel makers marketing their jerseys, boots and other products with teams and individual players.

The government is in no hurry to spend unused funds budgeted for this year, planning instead to use them to beef up the state treasury and thus reduce its reliance on debt financing next year, as borrowing gets more costly amid soaring interest rates and heightened uncertainty.

The ever-rising number of online investing platforms has some Indonesians wonder whether they are in fact investing, or rather gambling, given the blurred line between the two. The Jakarta Post has asked young Jakarta investors about their self-awareness. 

European stocks were on track for a sixth successive week of gains on Friday and government bond yields globally traded near multi-week lows as investors reacted to positive data and signs central banks may not hike rates as aggressively as feared.

Huawei Cloud has announced the launching of its Indonesia region as an endeavor to capitalize on the country’s digital transformation, which requires increased cloud-computing infrastructure.

The Indonesian branch of financial technology firm VENTENY has announced plans for an initial public offering (IPO) next month in a move its founder says is central to the company’s growth strategy.

The announcement is likely to be a major boost to Riyadh as the kingdom pushes to attract greater foreign investment.

Asian markets were mixed Friday at the end of a week that has seen hopes the Federal Reserve will tone down its monetary tightening campaign offset by fresh lockdown fears as COVID-19 cases surge in China.

In the deliberation of the financial sector bill, the government has proposed changes that would ban political party figures from sitting on boards of the central bank and other watchdogs after the draft initiated by lawmakers had raised concerns about the bodies’ independence.

The energy ministry has offered PSC cost recovery schemes for four offshore and onshore blocks in its second bid round this year.

The state-owned railway company will get Rp 3.2 trillion (US$204.1 million) in a state capital injection next month to address the cost overrun issue in the Jakarta-Bandung high-speed railway project, but the Indonesian and Chinese sides involved in the project have yet to reach agreement on the funding gap.

Initially, Yoon was scheduled to meet with Musk face-to-face at the B-20 summit in Bali. However, the meeting was canceled as Musk was unable to make the trip to Bali. Instead, they decided to meet virtually at 10 a.m. (local time).

Earlier on Thursday representatives of the EU's 27 governments met in Brussels to discuss a G7 proposal to set the price cap in the range of $65-$70 per barrel, but the level proved too low for some and too high for others.

The government issues new rules for determining minimum wages as labor and business fail to find common ground.

Credit Suisse -- which has launched a radical overhaul -- said Wednesday it expected a pre-tax loss of up to 1.5 billion Swiss francs (1.5 billion euros, US$1.6 billion) in the fourth quarter.