Under the deal, the southeast Asian airline will buy 10 planes from Airbus and lease the 10 others from Avolon, a Dublin-based aircraft leasing company.

Southeast Asia's second-largest economy was hit hard during the pandemic, though visitor numbers are slowly improving with the relaxation of travel rules since May.

The world's third-largest economy grew 0.5 percent quarter-on-quarter due to stronger consumption and capital investment, but the rise was below market expectations of 0.7 percent.

Higher soyoil purchases by the world's biggest edible oil importer will support US soyoil prices, but will dent rival palm oil's share in Indian buying and force Malaysian and Indonesian sellers to offer discounts to regain the market share, traders said.

China's economy unexpectedly slowed in July, data showed on Monday, with factory and retail activity squeezed by Beijing's zero-COVID policy and a property crisis, while the central bank surprised markets with key lending rates cuts to revive demand.

Slowly but surely, Indonesian firms are expanding their footprint in foreign markets, offering anything from instant noodles to motorcycle rides, and for a coffee-flavored candy from the archipelago, even the sky is not the limit.

The government is set to push for genetically modified organisms (GMO), in a bid to help the archipelago country fight food inflation, but experts and farmers say the move may do little to solve the problem.

DANA's pockets have just gotten deeper with Sinar Mas and Lazada Group joining as the digital wallet company's latest shareholders.

In Indonesia, micro, small and medium enterprises (MSMEs) make up 99 per cent of businesses and generate more than 60 per cent of the national GDP.

The Chinese telecom giant brought in 301.6 billion yuan ($44.8 billion), according to the data, a slip of 5.9 percent on the previous year.

PT Ilectra Motor Group, the electric vehicle (EV) manufacturing arm of coal miner Indika Energy, has launched a fully electric, mass-produced motorcycle in Indonesia, bringing the government closer to its goal of turning the country into a global EV player.

The fact that women play such an important role in Indonesia’s economy raised the question as to how gender disparity could exist, especially in financial inclusion and tech workforce. 

Two more ships left Ukraine's Black Sea ports on Friday, including one laden with the first Ukrainian wheat to be exported under a UN-brokered deal.

Indonesia’s start-up ecosystem has caught the eye of potential Israeli investors, even though the two nations do not have official diplomatic relations.

The government is considering desperate measures to control the flow of the fuel subsidy, over fears that it may cost more than has been allocated, adding pressure to the state budget amid fiscal consolidation.

Asian markets mostly fell Friday, winding back some of the previous day's rally, as traders come to terms with the likelihood that central banks will continue to raise interest rates to battle runaway inflation.

State-owned electricity monopoly PLN reported a declining inventory in the last three months due to a wide gap between capped domestic prices and the prices paid by offshore buyers.

Bank Indonesia has announced a “national movement” to help push food inflation down to between 5 percent and 6 percent by the end of the year.

Indonesia’s shipments of crude palm oil (CPO) and its derivative products have begun to soar again following the halting of an export ban in May, yet the problem of excessive domestic stockpiles, which has led to a drop in CPO prices, still cannot be solved.

The dollar lost further ground versus other major currencies on Thursday, after traders reined in bets on an aggressive interest rate hike by the Federal Reserve after softer-than-expected US inflation data the previous day.

Moves by central banks worldwide to tighten borrowing costs in order to deal with rocketing prices have weighed down on global demand for Singapore's exports, with the government painting a grim picture for the rest of the year.

The government has asked global carmakers to prioritize their Indonesian factories for the supply of semiconductors as a chip shortage is hampering automotive production around the world.

Reuters previously reported on a large Indian coal deal involving the Chinese yuan, but the customs data underline how non-dollar settlements are becoming commonplace. 

President Joe Biden's team has been wrestling for months with various ways to ease the costs of duties imposed on Chinese imports during predecessor Donald Trump's tenure, as it tries to tamp down skyrocketing inflation. 

Asian shares tracked Wall Street higher on Thursday after a softer-than-expected US inflation report encouraged bets of less aggressive rate hikes from the Federal Reserve, while the dollar remained bruised after its biggest plunge in five months.

As the latest trends crop up by the minute, textile waste is becoming a major issue when old and unwanted clothes end up in landfills.

An expectation of harder times ahead is making Indonesian consumers somewhat wary about their economic prospects, but you wouldn't know it when visiting malls, as retail sales remain strong, for now.