The industry ministry has joined the choir of criticism against Agrinas' procurement deals with Indian carmakers, saying that rather than importing foreign-made pickups, the local automotive industry should be bolstered to optimize capacity so as to reap the many benefits of mobilizing the national supply chain.

The deal appears to take aim at what analysts have said are concerns in Washington about China's stranglehold on many critical minerals and the offshoring of Chinese companies' operations to countries like Indonesia.

Communications and Digital Minister Meutya Hafid noted that Indonesia’s AI adoption rate is among the highest in the region, though it mostly involves “entry-level” activity.

The accord sets a 19-percent tariff on Indonesian goods entering the United States. Jakarta is also to exempt US companies from local content requirements and address and prevent barriers to US agricultural products sold in Indonesia.

The US trade deficit widened sharply in December amid a surge in imports, despite President Donald Trump's tariffs on foreign manufactured merchandise, but most of the imports were capital goods, which should support business investment and keep expectations for strong economic growth intact.

The business deals, which form part of a planned bilateral trade agreement, would help narrow Indonesia’s trade surplus with the United States, Prabowo said.

The central bank governor Perry Warjiyo said that global uncertainty increased risk premiums and created “short-term pressures toward the exchange rate”.

Akihiro Ondo, CEO of Mitsubishi Power Asia Pacific, explains Indonesia’s power sector readiness to meet rising electricity demand compared with regional peers and the role of gas and hydrogen-ready technologies in the energy transition.

The state-owned steelmaking giant has forecast double-digit growth on expectations of a surge in demand from the national shipbuilding industry, in line with Danantara's push to build the sector toward a more circular model.

Tech CEOs are locked in an artificial intelligence "arms race" that risks wiping out humanity, top computer science researcher Stuart Russell told AFP on Tuesday, calling for governments to pull the brakes.

Indonesian and US companies on Wednesday signed trade and investment deals valued at more than US$7 billion a day ahead of Indonesian President Prabowo Subianto's meeting with US President Donald Trump to sign a final trade deal, the US-ASEAN Business Council said.

Recent identification of eight prospective rare earth element mining deposits may add non-Chinese supply options for global players, but will not impact market that is heavily centered on Beijing, due to lack of supply and processing ability.  

Critics say the order could instead be filled through the domestic automotive industry, which is struggling with weak consumer demand.  

The publicly listed miner, while confirming the closure of a site within subsidiary CPM's forest concession over illegal land clearing, has underlined that the targeted area was not operational and so will not affect its overall operations.

The government's decision to reverse its plan for the early retirement of the Cirebon 1 power plant in West Java has raised fresh doubts about Jakarta's energy transition commitment and dashed the hopes of locals who blame the plant for environmental and health problems.

Inbound visitors totalled 3,597,500, the Japan National Tourism Organization (JNTO) said, falling for the first time since January 2022.

PT Perusahaan Mineral Nasional and Danantara may also enter negotiations for equity or debt participation in the Maboumine project, according to a statement, though no value or timeline has been disclosed.

With much of the global conversation currently focused on developments in and around the United States, attention often gravitates toward politics, policy shifts and geopolitical implications. Less visible, but equally important, is how US businesses continue to operate and invest overseas amid this evolving global context.

Private funds could flow elsewhere without coal cuts, the German ambassador to Indonesia warns, saying renewables cannot scale while coal remains dominant.  

United States President Donald Trump's administration on Tuesday announced three projects valued at US$36 billion to be financed by Japan, including an oil export facility in Texas, an industrial diamonds plant in Georgia and a natural gas power plant in Ohio.

The government has issued a loosely-worded statement days ahead of the expected signing of a tariff agreement with the United States, following a weekend meeting at President Prabowo Subianto’s Hambalang estate in Bogor, West Java.

As an archipelagic country, Indonesia is endowed with diverse economic potential across regions, reflected in regional economic structures and export profiles.

As artificial intelligence evolves at a blistering pace, world leaders and thousands of other delegates will discuss how to handle the technology at the AI Impact Summit, which opens Monday in New Delhi.

The dollar held gains on Tuesday as markets awaited signals, expected later this week, about the potential timing of rate cuts by the Federal Reserve.

The energy minister has taken an "all stick, no carrot" strategy to pressure firms into start pumping oil and gas from stalled projects, threatening hundreds of wells with the prospect of losing their permits.

According to the ministry's renewables director general, the Bangka Belitung Islands and West Kalimantan are two priority provinces under consideration as a potential site for developing Indonesia's first nuclear power plant toward a 2032 on-grid target.

Asian markets were subdued on Monday, as the extended Lunar New Year holiday approached and Japan reported lackluster economic growth.