The social networking giant, which faces stagnating user numbers and cuts in advertising budgets, also said revenue slipped to $27.7 billion from $29 billion a year earlier.

Earnings in its crucial memory chips division were down, the company said in a statement, adding that "demand for consumer products remained weak".

The Energy and Mineral Resources Ministry on Oct. 11 finally passed Energy Ministerial Decree No. 245/2022, which revised Energy Ministerial Decree No. 62/2022 on the price formula to calculate the retail price of gasoline and diesel distributed in gas stations.

Indonesia Stock Exchange (IDX) aims for an average daily transaction value (ATV) of Rp 14.75 trillion (US$948 million) in 2023, which would mark a slowdown from the volume achieved so far this year.

Sterling soared to six-week highs on Wednesday, as Britain's new Prime Minister Rishi Sunak holds his first Cabinet meeting amid reports he could delay the announcement of a plan to repair the country's public finances.

China's fiscal deficit ballooned to an all-time high in the first nine months of the year, analysis of government data by Bloomberg showed, as a real estate crisis and tax rebates to boost a cooling economy emptied government coffers.

Asian shares edged higher on Wednesday as investors clung to hopes that the pace of US and global rate hikes will start to slow, though US futures dropped after disappointing results from tech giants Alphabet and Microsoft. 

Finance Minister Sri Mulyani said Indonesia would welcome cheaper crude to alleviate pressure on its state budget – if the G7's proposed price cap on Russian oil was passed and if it worked.

The Investment Ministry is mulling over plans to restrict shipments of tin ingots in an effort to attract investment in processing it at home, but experts question whether an export ban could actually have a positive impact on the downstreaming of metal products

The government and the House of Representatives have approved the plan to impose an excise duty on packaged sugar-sweetened beverages (MBDK) in the 2023 State Budget although the implementation will still be dependent on the development of Indonesia's economic conditions next year.

After Britain's brief Prime Minister Liz Truss unleashed her mini-budget on Sept. 23, filling financial markets with dread, a section of investors stampeded away from the pound and towards the cryptocurrency.

Rolling crises linked to war, weather disasters and the pandemic have shaken global food systems and tipped millions into hunger and poverty.

The safe-haven US dollar eased against peers on Tuesday amid signs Federal Reserve rate hikes are already putting the brakes on the world's biggest economy, while risk sentiment improved with Rishi Sunak about to become Britain's prime minister.

Foreign direct investment (FDI) jumped 63.6 percent annually to Rp 168.9 trillion (US$10.81 billion) in this year’s third quarter, hitting a multi-decade high, but a global economic slowdown casts a dark shadow over next year’s outlook, the government has cautioned.

Reuters calculations based on Chinese customs data on Monday showed shipments of Chinese goods to Russia rose 21.2 percent from a year earlier in dollar terms, slowing from a 26.5 percent increase in August yet outperforming China's overall export growth of 5.7 percent by a large margin, as interest rate hikes to curb red-hot inflation in major economies weakened demand for Chinese goods. 

The settlement will see Switzerland's second-largest bank pay a fine of 123 million euros and pay an additional 115 million euros in damages and interest to the French state.

Bicky Bhangu, president of South East Asia, Pacific and South Korea Rolls-Royce spoke with The Jakarta Post to discuss solutions to tackle the net-zero target in the airline industry and current challenges that Indonesia is facing.

Most Asian markets rose Monday on hopes the Federal Reserve would soon slow its pace of interest rate hikes, though the mood was darkened by worries over the China outlook after President Xi Jinping tightened his grip on power.

The yen's sell-off has fed broader concerns for the world's third-largest economy, as it is driving already surging import bills for everything from fuel to food, and challenges the Bank of Japan's fierce commitment to ultra-low rates in the face of rapid global monetary tightening to combat rampant inflation. 

Japan’s Mitsui & Co and Indonesian construction firm Surya Semesta Internusa invest in solar power start-up.

Data published last year by Indonesia's central statistics agency show the number of fishermen working in the country has dropped by more than 10 percent in the past decade.

China's economy rebounded at a faster-than-expected pace in the third quarter, but strict COVID curbs, a deepening property crisis and global recession risks are challenging Beijing's efforts to foster a robust revival over the next year.

The Indonesian government has announced incentives including tax holidays and a tax deduction to increase the attractiveness of its megaproject for a brand-new city to be built in Kalimantan.   

Palm oil prices have climbed by around a fifth this month but are still trading far below an all-time high set in March. The expected spike in prices will add to the burden of consumers already hit by inflation triggered by the Russia-Ukraine war, but higher exports and lower production would help major palm oil producers Indonesia and Malaysia bring down inventories.

Biotechnology is looking to surpass the shares of chemically derived drugs and dominate the global pharmaceutical industry by 52 percent in 2027, according to data from the International Pharmaceutical Manufacturers Group (IPMG).

With the current funding climate for film production at its peak – and the same to be said for audience figures – Indonesia's film industry is flourishing, filmmakers and domestic streaming services say. 

Aviation industry players are projecting a rebound in demand from the pandemic-induced crisis.