China and Indonesia account for 70% of global supplies of nickel, but producers in the countries have become unprofitable after the battery metal shed more than 80% of its price since last year

The $7.3bn flagship project of President Joko Widodo has been delayed by the pandemic and soaring costs

Jakarta said the ban, which is effective immediately, is intended to protect its offline merchants and marketplaces

The investment, from a British consortium that includes mining giant Glencore, will go into a wind energy-powered industrial park on Sulawesi island

"We are finalising negotiations with two big global car producers. We hope this new policy will make our position much stronger than before," senior cabinet minister Luhut Pandjaitan said

Indonesia is targeting 20% of overall car sales in 2025 being electric vehicles, chief economics minister Airlangga Hartarto said

The fund will invest in the EV value chain to capture a market that is expected to grow fast globally, its CEO Ridha Wirakusumah said

Southeast Asia’s largest economy has been reaping the rewards an export boom due to high commodity prices

Jakarta’s stock market is Asia's best performer this year and the rupiah held out against a forceful US dollar until last month when it slid slid 2.5%

Indonesia's chief economic minister Airlangga Hartarto met with Toyota vice-chairman Shigeru Hayakawa on Tuesday in Tokyo, the Jakarta ministry said

The leaders said they would increase trade and economic cooperation, especially in agriculture. Jakarta is trying to increase exports while Beijing has focused on food security

Financial services authorities have set a minimum capital requirement for lenders at a 25 billion rupiah ($1.67 million), much higher than the previous 1 billion rupiah