As the court- supervised debt-restructuring period draws to its end, the national flag carrier has expressed hope to reach an agreement with creditors.

The aim is to "flush out" shipments, Coordinating Maritime Affairs and Investment Minister Luhut Binsar Panjaitan said on Friday, but the frequent policy changes have unnerved edible oil markets and heightened concerns over global food prices at time when the Ukraine conflict has deprived markets of a chunk of sunflower oil supply.

While headline inflation in Indonesia remains lower than in many other countries, food and fuel have increased more in price than most products, and consumers are feeling the pinch.

US inflation surged to a new four-decade high in May, defying hopes price pressures had peaked and deepening President Joe Biden's political troubles as Americans struggle to meet the ever-rising cost of essentials like food and gas.

Indonesia's largest tech firm by user base has seen 65 million unique customers join its superapp in the first three months of the year.

Micro, small and medium enterprises (MSMEs) are always looking for ways to streamline their day-to-day operations, from storing and packaging to shipping.

Japan's government and central bank said on Friday they were concerned by recent sharp falls in the yen in a rare joint statement, the strongest warning to date that Tokyo could intervene to support the currency which has sunk to 20-year lows.

Cilacap Samudera Fishing Industry (ASHA) has signed a memorandum of understanding (MoU) with Melbourne Seafood Distributors (MSD) that will help it tap into the Australian retail market.

The auto safety agency in August opened a preliminary evaluation to assess the performance of the system in 765,000 vehicles after about a dozen crashes in which Tesla vehicles struck stopped emergency vehicles -- and said Thursday it had identified six additional crashes.

China's factory-gate inflation dropped to its lowest in a year in May, official data showed Friday, while consumer prices were stable despite COVID-linked transport disruptions.

"There's nothing to suggest that there's a recession in the works," she said during an interview at The New York Times' economic forum.

Farm gate prices remain low after the government revoked its palm oil export ban, while surging fertilizer prices have driven up production costs, smallholders say.

The government is promoting industrial estates supplied with electricity from renewable sources as it hopes to attract foreign direct investment by multinational firms conscious of their carbon footprint.

The sources, who declined to be named as the talks were private, said the government was considering mandating that importers seek a licence from the authorities, replacing the existing free-import regime.

The intergovernmental organization notes that while domestic demand is recovering as pandemic restrictions are lifted, rising inflation is depleting consumers' purchasing power.

Telkom is set to acquire movie production house Produksi Film Negara (PFN) and could leverage its streaming ecosystem to take on troubled Netflix in the domestic market.

The city of 25 million underwent a stuttered lockdown from late March and was then fully sealed off for around two months, as China tightly adheres to a zero-Covid approach to fight the outbreak.

Dubbing the fast-food chain's decision "crazy", centre-left leader Anthony Albanese quipped the situation had become a national "crisis".

Asian stocks fell, US bond yields rose and a soaring dollar pushed to a two-decade high against the yen on Thursday as investors worried about the outlook for more rate rises ahead of a key meeting of the European Central Bank later in the day.

President Joko “Jokowi” Widodo has inaugurated an integrated electric vehicle battery production site in Batang, Central Java, marking a milestone in the country's aim to become a global hub in the industry.

Indonesia's legislature is proposing the inclusion of coal-based energy and nuclear power as "new energy" sources in a draft of a new bill seen on Wednesday, which also proposes renewable energy compensation and incentives.

The State-Owned Enterprises Ministry plans to raise money for state-owned firms through multiple rights issues in the second half of this year, followed by more than Rp 73 trillion worth of state capital injections next year.

China is the last major economy wedded to a zero-COVID policy, using rapid lockdowns, mass testing and strict movement restrictions to eliminate outbreaks -- but it has tangled supply chains and dragged economic indicators to their lowest levels in around two years.

Indonesia has vowed to focus on energy security in its G20 chairmanship as the transition to clean power appears to have become a lesser concern for many countries.

In a wide-ranging assessment of how global macroeconomic developments impact the East Asia and Pacific region, the World Bank sees Indonesia benefiting from its position as a major commodity exporter.

The toxic combination of weak growth and rising prices could trigger widespread suffering in dozens of poorer countries still struggling to recover from the upheaval of the COVID-19 pandemic.

The yen hit a fresh 20-year low versus the dollar on Wednesday and slipped to a seven-year trough against the euro as traders awaited a European Central Bank meeting likely to leave Japan alone among peers in sticking to ultra-easy monetary policy.