Several lawmakers and central bank officials have been questioned. The investigation centres on whether the funds were used as intended for corporate social responsibility programmes.

Central Jakarta, Indonesia - Fire destroyed hundreds of House at Kemayoran, Central Jakarta, Jakarta, Indonesia. The fire caused thousands of residents to evacuate to near by area. No casualties from the fire.

Oil and gas exporters in Indonesia will be exempted from the new rule mandating that all proceeds from natural resource exports be kept onshore for a year, according to a Reuters report. The exemption comes after companies raised concerns about the Indonesian rule’s potential impact on their cash flows and urged adjustments.

The $200 million figure includes capital expenditures such as land acquisition, construction costs, and equipment procurement.

Floods have wreaked havoc across several regions in Indonesia, forcing residents to evacuate and disrupting transportation.

Indonesia's new President Prabowo Subianto plans to spend 48.8 trillion rupiah ($2.99 billion) through 2029 to build the new capital city "Nusantara", with a target of relocating the government there by 2028,

Nickel ended 2024 trading at four-year lows, a spectacular reversal of fortune for a metal that soared so high in 2022 it almost broke the London Metal Exchange (LME).

During a side event at the ongoing WEF Annual Meeting, the government promoted Indonesia as a destination for renewables investments, highlighting its abundant energy sources and sustainability principles as it aims to achieve energy self-sufficiency.

JAKARTA -- China's automaker BYD launched its premium brand DENZA on Wednesday to expand its presence in Indonesia's upscale automotive market. "This year, BYD will bring more new models to Indonesia," said Liu Xueliang, general manager of BYD Asia-Pacific auto sales division, during the launch event in Jakarta.

Geely Indonesia has not announced the official price of the EX5. However, they have opened reservations for electric cars with a down payment or booking fee of only Rp10 thousand. This booking fee promo is only valid until February 12, 2025 and customers will get a one-year warranty worth Rp10 million.

In the face of Trump's "America First" policy, Indonesia needs not only to diversify export markets, but also double down on high-value industries like electric vehicles, where global demand is rising.