Shopee Indonesia has announced layoffs in Indonesia, following a wider trend that has been unsettling workers in the country’s tech sector over the past few months.

The dollar lingered near a two-decade top on major peers on Monday, ahead of a week loaded with market holidays and central bank decisions from Washington to London and Tokyo.

Alexander von zur Muehlen, CEO of Deutsche Bank for Asia Pacific and member of the management board, recently traveled to Indonesia where he met with business associates, government representatives and employees. The banker discussed the state of Indonesia’s economy amid geopolitical turmoil and possible recession in Europe with The Jakarta Post's Mark Lempp and Fadhil Haidar Sulaeman, on Sept. 8.

Asian markets fell Monday as traders extended last week's rout across risk assets, with expectations high that the Federal Reserve will this week announce another outsized interest rate hike.

A growing number of mining companies announced their commitment to diversify their business portfolio away from coal, although they still aim to maximize profits from coal production. 

China has stepped up spending on coal in the face of extreme weather, a domestic energy crunch and rising global fuel prices -- raising concerns Beijing's policies may hinder the fight against climate change.

After months of pursuing various ways to tame inflation, the central government is calling on the regions to do their bit to alleviate rising pressure on consumer prices – and promises prizes for the top performers.

The Business Competition Supervisory Commission (KPPU) will undertake a preliminary investigation into Google in the next 60 days, on suspicion of monopoly, product tying, abuse of dominant position and discrimination, all through the mandatory use of Google Pay Billing (GPB).

China's factory output and retail sales beat expectations in August despite the economy being hammered by COVD-related curbs, heatwaves and a deepening property market slump, as the world's second-largest economy saw a bounce in business activity.

VKTR has announced its intention to work with state-owned heavy equipment manufacturers PT Industri Kereta Api (INKA) and PT Barata Indonesia on the production of automotive components for electric vehicles (EVs).

The US internet giant has been under legal scrutiny in a number of countries over its stipulation that its billing system be used by all buyers on Google Play.

The apparent contradiction between the real economy and financial markets has puzzled some commentators but is normal around a peak in the business cycle.

President Joko “Jokowi” Widodo has mandated the use of electric vehicles (EVs) for government officials across the country in a move aimed at expediting the country’s transition to battery-powered transportation, but experts say that this alone will not mean the general public will follow suit.

Indonesia’s imports and exports reached all-time highs in August as an unprecedented volume of commodity sales cast hope on a nation battling rising fuel prices.

Asian stocks mostly edged higher on Thursday, tracking gains on Wall Street, as markets adjusted following a rout this week on higher-than-expected US inflation data.

Indosat Ooredoo Hutchison (IOH) is holding an investor gathering today regarding the public offering of shelf-registration bonds IV Indosat Phase I Year 2022, and shelf-registration ijarah sukuk (sharia bonds) IV for Indosat Phase I Year 2022.

The Japanese yen also began slipping again, getting only a limited boost from the strongest hints yet of possible market intervention by Japanese authorities. 

Despite huge potential, the game ecosystem in Indonesia is relatively underdeveloped, because the essential conditions that would kick-start better development have never appeared simultaneously.

The strongest warnings to date came shortly after the yen fell close to the psychologically important 145 line against the US dollar, reflecting market expectations of a further divergence in the monetary policies of the two nations. Japanese authorities warned that the yen's recent movements have been rapid, one-sided, and excessive.

Even with most coronavirus pandemic restrictions lifted, employees in workplaces across Indonesia have come to expect some degree of working from home (WFH), and while cybersecurity was often an afterthought, experts say that needs to change, and fast.

After the recent fuel price hikes, some wonder why even supposedly unsubsidized gasoline in Indonesia is still priced far below global standards despite the high cost of oil imported to the country. And it has a lot to do with definitions.

The government has revised up its revenue projection for next year’s state budget, banking on higher income from taxes and extractive industries, but a planned hike in spending means this will not translate into a lower deficit.

The Financial Services Authority (OJK) maintains its careful approach in handling peer-to-peer (P2P) lending platforms, giving the relatively new industry time to adjust to more stringent regulations and maintaining its moratorium on new licenses.

Asian shares tumbled, the dollar held firm and two-year Treasury yields hit a new 15-year high on Wednesday, as a US inflation report dashed hopes for a peak in inflation, fueling bets rates may have to be raised higher for longer.

The growing cooperation, to be further deepened with Chinese President Xi Jinping's meeting with Russia's Vladimir Putin in Uzbekistan on Thursday, is a boon for both countries. 

Electric vehicle producers in Indonesia are expecting drivers to switch to battery power as rising gasoline and diesel prices make combustion engines less appealing.

PT Adaro Minerals has announced plans for some US$1.1 billion in capital expenditure (capex) this year, the lion’s share of which is for an aluminum smelter.