Indonesia achieved its biggest-ever trade surplus in the first half of 2022, but experts warn the domestic economy’s heavy reliance on raw materials like crude palm oil (CPO) and coal makes the strong export-performance unsustainable.

The prolonged delay in transferring the airport's management to private operator ATS seems to be coming to a close, but the details remain murky, especially on the Air Force-ATS deal that initiated the handover.

Suryopratomo, the Indonesian Ambassador to Singapore, said on Thursday  that he has talked to some producers in Indonesia who are looking into setting up the farm.

Fears have risen about Pakistan's stuttering economy as its currency fell nearly 8 percent against the US dollar in the last trading week, while the country's forex reserves stand below $10 billion with inflation at the highest in more than a decade. 

Baldwin was speaking in Nigeria where he held meetings with officials from Africa's largest oil producer this week.

While the levy exemption might help boost CPO exports in the short term, critics say that the key to stabilizing FFB prices is to involve farmers in determining them.

On the same day, the US tech group posted the findings of its own research into Facebook's business in India on an internal employee forum. The study, conducted over the two years to the end of 2021, identified different problems.

SAP Southeast Asia president and managing director Verena Siow spoke to The Jakarta Post on July 19, saying that the key to sustainability was to embed it into a company's business processes.

The announcement, including options for 25 more, comes after Boeing and the Doha-based carrier signed a memorandum of understanding for the 737 MAX aircraft in January.

The government says five oil and gas working areas and one exploitation working area offered across the country through the first bidding round this year come with “more attractive” terms and conditions.

Asian stock markets were on course for their best week in months and the dollar held off recent record highs after the European Central Bank (ECB) raised rates for the first time in more than a decade and bets on the size of US rate hikes eased.

The Asian Development Bank (ADB) has raised its growth forecast for Indonesia to 5.2 percent this year while lowering its projection for most of Asia.

Bank Indonesia has held the country’s most important interest rate at 3.5 percent while central banks around the world are hiking rates in response to growing price pressure.

PT Linde Indonesia, a subsidiary of Germany-based Linde Group, announced a plan to build an air separation plant worth US$100 million to supply high-purity industrial gas to gold and copper mining giant PT Freeport Indonesia (PTFI).

The Financial Services Authority (OJK) has announced its priorities in the banking and nonbanking sector, as well as the capital market, following the inauguration of the regulator’s new leaders.

The Business Competition Supervisory Commission (KPPU) has accused 27 cooking oil companies of unfair business practices, saying it has enough evidence to put together a formal case against them.

Zipmex, which says it operates in Singapore, Thailand, Indonesia and Australia, is the latest in a string of crypto players globally to run into difficulties following a sharp sell off in markets that started in May with the collapse of two paired tokens, Luna and TerraUSD. 

The United Nations Development Program (UNDP) is working with the Indonesian Chamber of Commerce and Industry (KADIN) to push initiatives ranging from clean energy to human rights in the private sector.

Deliveries via Nord Stream 1, which accounts for more than a third of Russian gas exports to the EU, are due to resume on Thursday after a 10-day halt for annual maintenance.

While the impact of COVID-19 had eased, the region was now grappling with the fallout from Russia's invasion of Ukraine, lockdowns in China and aggressive interest rate hikes, the Philippines-based bank said.

Asian investors on Thursday struggled to maintain momentum from the previous day's equity rally and keep up with another Wall Street advance as growth fears continue to haunt trading floors and sap risk sentiment.

Realized investment rose 32 percent yoy to Rp 584.6 trillion in the first half of the year, meeting 60 percent of the 2022 target stated in the national medium-term development plan.

Tourists will be charged a conservation fee of Rp 3.75 million to visit Labuan Bajo’s tourist hotspots in an effort expected to limit the number of visitors to some 200,000 a year.

The rupee fell 2 percent on Monday, and 3 percent on Tuesday, despite last week's staff level agreement reached with the International Monetary Fund (IMF) that would pave the way for a disbursement of $1.17 billion under resumed payments of a bailout package. 

Didi, once known as China's answer to Uber, has been one of the highest-profile targets of the widespread clampdown on the sector, which saw years of runaway growth and supersized monopolies before regulators stepped in.

Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia's European and Far Eastern ports, totalled 7.29 million tonnes, up nearly 10 percent from a year ago, according to data from the Chinese General Administration of Customs.

Air Asia says many more features are in the pipeline for its superapp, as the airline operator turns itself into a travel business.