Ramos-Horta named them as potential investors as the country is making a push to break a stalemate with Australia and Sunrise operator Woodside Energy Group over how to develop the gas fields - either by piping the gas to Timor Leste or to Darwin in northern Australia.

An Indonesian agricultural supply chain platform has secured one of the largest-ever series A fund injections in the country.

Indonesia is at the forefront of biofuel advancement worldwide, especially with regard to biodiesel, both in terms of blending rate and production scale, but its contribution to decarbonization is questionable since the biodiesel is heavily dependent on palm oil as the sole feedstock, risking further environmental damage resulting from unsustainable oil palm plantation practices.

In the hope of showcasing Indonesian culture before a global audience, the Tourism and Creative Economy Ministry has enlisted support from streaming giant Netflix.

Tariffs for goods transportation are projected to increase by a minimum of 20 to 25 percent, as fuel composes around 40 to 60 percent of logistics costs.

Global pressures are still very high in 2022. The world economy still has to face several risk factors from now on due to global inflationary pressures, the continuing war between Russia and Ukraine, geopolitical tensions in several countries and aggressive worldwide monetary policy tightening.

German industrial orders slumped for the sixth consecutive month in July, official data showed Tuesday, raising the specter that a recession was looming in Europe's biggest economy.

The Transportation Ministry has taken several steps to avoid steep price rises, namely by adjusting the tariff on economy-class public transportation, especially on land transportation modes. 

Business travel budgets are projected to rise in 2023 as companies benchmark against pre-pandemic levels of travel spending despite growing uncertainty over the economic outlook.

The Centre for Research on Energy and Clean Air called for more effective sanctions against Moscow after the invasion sent oil, gas and coal prices soaring.

Asian shares rose on Tuesday morning after China pledged to make renewed efforts to boost its economy on Monday, while investors pinned hope on more clarity ahead of a number of central bank meetings.

Cloud technology has been around for some time and is used by established enterprises and large government agencies in Indonesia, but its adoption by smaller public institutions and micro, small and medium enterprises (MSMEs) has been slow.

At about the same time as the government decided on an increase in the price of Pertamina’s subsidized fuels, private gas-station operator Vivo reduced the price of its RON-89 fuel to Rp 8,900 per liter, well below Pertalite’s Rp 10,000 per liter.

The recently launched digital banking service promises easy and secure access to financial services for around 110 million users and 20 million business owners in Bukalapak ’s ecosystem.

Oil prices jumped along with the whole energy complex as a holiday in US markets made for thin trading conditions. News of more coronavirus lockdowns in China only added to the jittery mood.

Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday, with some experts even forecasting a cut to support prices.

Economists warn that yesterday's decision to raise subsidized fuel prices could disproportionately impact lower-income households, force the central bank's hand in expanding its rate hike to double the initial assumption and propel the country into stagflation.

Lack of tech knowledge has been identified as a key hurdle to wider adoption of cloud computing in Indonesia, hence AWS and IBM have announced plans to set up educational facilities in the region.

The measure will take effect on Dec. 5 for crude oil and Feb. 5 for petroleum products, Japanese Finance Minister Shunichi Suzuki told reporters after the virtual meeting that also involved Britain, Canada, France, Germany, Italy and the United States, plus the European Union.

It is estimated that around 63.4 percent of potential Indonesian house buyers are millennials or members of Gen-Z.

Big publicly listed coal mining companies have seen their financial conditions improve on the back of surging global prices of the fossil fuel.

Palm farmers have expressed hope that low prices of fresh fruit bunches will start to rise significantly on the back of extended CPO export levy waiver, but warned that the policy will be in vain if regulations are poorly implemented.

The government is considering changing pricing guidelines for poultry to stem a persistent dip in the price of chicken meat at the farmer level amid high input costs.

Asian shares were mixed and the dollar stood tall on Friday ahead of a key US jobs report as investors braced for more aggressive rate hikes from the Federal Reserve, while commodities took an overnight dive amid new China lockdowns.

The headline inflation rate dropped for the first time since February as the consumer price index came in lower than expected in August, data from Statistics Indonesia (BPS) show.

The country’s largest fuel retailer has lowered the price of its Pertamax Turbo, Dexlite and Pertamina Dex fuel brands for the first time this year to adjust to declining global crude prices and promote the use of unsubsidized fuels.

The airline will cancel 800 flights on September 2 affecting "130,000 passengers", Lufthansa said in a statement on Thursday.