Brent oil futures soared another 7.6 percent to US$119.69, the highest price since the early days of the Ukraine war in 2022.

Protesters are set to demand an end to outsourcing and low wages, arguing that current employment practices leave workers in prolonged contractual uncertainty. President Prabowo Subianto is set to attend Jakarta's main Labor Day commemoration on Friday.

Transportation experts said the EV taxi stalling on the level crossing, which triggered the subsequent tragic events, may have been caused by various factors, including human error or activation of the vehicle’s safety system.  

Among the key downstream projects launched on Wednesday is the development of gasoline refinery facilities in Cilacap, Central Java, and Dumai, Riau, each with a processing capacity of 62,000 barrels per day (bpd).

The state-owned railway operator and state-owned electricity company are slated to begin work in May on a nationwide project to expand railway electrification, with routes extending from Jakarta to nearby Banten and West Java.  

The government has been scrambling since earlier this month to secure supplies of naphtha, a raw material used to produce plastic, from alternative sources such as African countries, India and the United States.

EU countries and European Parliament lawmakers failed to reach a deal on watered-down landmark artificial intelligence rules after 12 hours of negotiations on Tuesday and will resume talks next month.

With over 43 million merchants connected to the Quick Response Code Indonesian Standard (QRIS) payment system as of January, digitalization now defines the identity of today's tech-savvy market traders, moving beyond large corporations.

Unwieldy terrain, unresolved land acquisition and operational limitations of village cooperatives threaten to slow down Indonesia's push to develop 100 gigawatts of solar power capacity in remote regions.

Euro zone bond yields hit multi-week highs on Tuesday after a survey showed euro zone consumers expecting higher inflation, prompting markets to raise the likelihood of a hike in interest rates by the European Central Bank in the coming months.

The company's key areas of focus in Indonesia include energy, resources, water and environment. 

The index has fallen 18.21 percent from its position at the start of the year, when the market closed on Tuesday, marking the steepest decline among Asian bourses.  

State logistics agency Perum Bulog has warned of limited availability of subsidized cooking oil Minyakita in several regions, citing a lack of fresh supply from producers as a key constraint in getting the product to traditional markets.    

Prime Minister Anthony Albanese said tech giants Meta, Google and TikTok would be given a chance to strike content deals with local news publishers.

Compressed natural gas (CNG) feedstock, mainly methane and ethane, is more readily available domestically, potentially reducing reliance on costly imported fuels. 

Around Rp 1 trillion is set to be allocated this year for the national internship program, as the government aims to widen its reach.

Oil prices edged up and stocks wavered Tuesday as Donald Trump weighed an Iranian proposal that would reportedly re-open the Strait of Hormuz and end the eight-week-old war.

A proposal to impose a surface water tax (PAP) on oil palms at Rp 1,700 (10 US cents) per tree per month has sparked fierce opposition from smallholder farmers in Riau.

Up to 80 percent of Toba Pulp Lestari’s workforce of more than a thousand employees may be affected after the government revoked its forest concession permit over environmental violations.

The government believes it can push gross domestic product growth beyond the typical 5 percent rate in the second quarter despite unfavorable external conditions.

The EU unveiled in March new "Made in Europe" rules for companies trying to access public funds in strategic sectors including cars, green tech and steel, obliging firms to meet minimum thresholds for EU-made parts.

Bluebird CEO Adrianto Djokosoetono spoke to The Jakarta Post’s Ni Made Tasyarani about how the company is navigating headwinds over rising fuel costs while trying to preserve customers’ purchasing power.

Oil climbed on Monday as stalled US-Iran peace talks prolonged the disruption of Middle East energy exports, while renewed excitement about artificial intelligence spending drove up chip stocks at the beginning of a week where war, central banks and tech earnings are in focus.

Trade Minister Budi Santoso has defended the government’s decision to pursue a trade agreement with the United States, known as the Agreement on Reciprocal Trade (ART), which has been criticized for placing Indonesia in an unequal position with the world’s largest economy.

The state asset fund is eyeing a US$30 billion renewable energy project that will export power to Singapore as well as supply the national grid, but licensing and funding issues related to a prior solar farm deal continues to cast a cloud of uncertainty among investors.

The close collaboration with Huawei on the new model, the V4, contrasts with DeepSeek's past reliance on Nvidia's AI chips.

"The last time we saw similar signals was during the severe 2015 to 2016 El Nino," a meteorologist has said.