Indonesia

Ford Motor Co (NYSE:F) on Thursday announced an agreement with Indonesian mining company PT Vale Indonesia Tbk and Chinese mineral supplier Zhejiang Huayou Cobalt Co. What Happened: Under the new agreement, Vale Indonesia, Huayou Cobalt and Ford will make equity investments in the Pomalaa Block...

Three Southeast Asian countries are reportedly locking horns for Warren Buffett-backed BYD Co Ltd.‘s (OTC:BYDDF) (OTC:BYDDY) new electric vehicle assembly plant. What happened: The Philippines, Vietnam and Indonesia are all eager to host BYD’s plant, reported Bloomberg. See Also: Best...

Indonesia is in the process of drafting a regulation similar to Australia, after which Facebook, Google and other aggregators will have to pay media outlets to carry their content. What Happened: Indonesian Press Council member Arif Zulkifli said on Thursday that these aggregating platforms benefit...

Indonesian President Joko Widodo, on Monday, called on the country’s financial regulator to increase oversight of the capital markets after the recent crisis at the Adani Group in India. What Happened: While speaking at the annual financial services authority meeting, Widodo said that India's...

In an apparent bid to expand its footprint across Asia, cryptocurrency exchange Binance (CRYPTO: BNB) has completed the acquisition of the Indonesian exchange Tokocrypto. Following the resignation of Pang Xue Kai, the exchange's co-founder, Binance revealed that it had acquired a controlling...

A viral video on Twitter shows massive clouds of smoke as Indonesia's highest volcano erupted, sending a plume of ash about 50,000 feet into the sky.  What Happened: Indonesia evacuated thousands of people living on the country’s main island, Java, to safety as “hot avalanches” of...

A 54-year-old Indonesian woman, who had gone missing from her workplace on Sunday, was found dead inside a 22-foot-long python that appeared unusually bloated. What Happened: The authorities said when they killed and cut open the python, they found the woman's body, whole and intact, inside the...

At least 170 people were killed and many injured at a soccer match in Malang, Indonesia. The incident happened after a football match in East Java province between Arema FC, and Persebaya Surabaya ended on Saturday night.   According to the police report, the supporters of the losing...

As pressure piles on the Indonesian government over surging energy costs, the country is reportedly considering to join its Asian counterparts in buying Russian oil.  What Happened: Indonesian President Joko Widodo said the nation needs to look at “all of the options” as...

Indonesia’s Finance Minister Sri Mulyani Indrawati said the country is set to reallocate 24.17 trillion rupiah ($1.6 billion), or nearly 5%, of its fuel subsidy budget to social spending, which includes cash handouts to 20.65 million households, reported Reuters. The move follows reports that...

Indonesian President Joko Widodo wants Tesla Inc. (NASDAQ: TSLA) to manufacture cars in the country and not just batteries, according to Bloomberg News. Widodo reportedly said the nation is willing to take the time required to convince Elon Musk to see Indonesia as more than just a rich hub of...

Japanese carmaker Toyota Motor Corp (NYSE: TM) is reportedly planning to invest $1.8 billion in Indonesia over the next five years to manufacture electric vehicles, according to the country’s Economics Ministry. Indonesia is planning to tap its rich nickel resources, which are...

Multiple non-governmental organizations (NGOs) have reportedly sent an open letter to Tesla Inc (NASDAQ: TSLA) CEO Elon Musk, asking him not to invest in Indonesia's nickel industry owing to environmental concerns. What Happened: The letter from the NGOs,...

EU Officials Meet To Discuss Recreational Cannabis Legalization The officials from four European countries gathered last week to weigh in on possible challenges on a pathway to recreational marijuana legalization. The initial meeting — attended by lawmakers from Germany, Luxembourg, Malta and...

After Indonesian Ministry records showed that Twitter Inc (NYSE: TWTR) was missing from the list of foreign providers who signed up for the new rules — the company said in a statement to Benzinga it had taken "appropriate steps" to comply with the laws of the land. What Happened:...