Joko Widodo

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...

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,...

Tesla, Inc. (NASDAQ: TSLA) chief executive officer Elon Musk may be visiting Indonesia later this year to consider potential investment opportunities, according to a Bloomberg report. Musk met with Indonesian President Joko Widodo at the SpaceX rocket production site in Boca Chica, Texas...

As Indonesia vows to curb the surging cooking oil prices domestically, the country's President Joko Widodo has imposed a ban on the export of palm oil.  The ban, which kicks in on Thursday, has already ignited worries of high global food prices amid the already rising inflation caused by...

Indonesia President Joko Widodo, on Thursday, said that Microsoft Corporation (NASDAQ: MSFT) is very keen on investing in data centers in the country. What Happened "Microsoft wants to invest immediately in Indonesia," Widodo said after the meeting with the technology giant's...