Analysts say a merger is increasingly likely. While institutional backers set to gain, millions of drivers and retail investors will likely lose out.

Tech sovereignty has been front and center for weeks: the European Union unveiled its strategy to compete in the global artificial intelligence race and is talking about its own payment system to rival Mastercard.

The Indonesian Transport Workers Union (SPAI) said on Wednesday that it opposed the plan, stressing that it preferred that ride-hailing drivers be classified as employees  

Compliance with the regulation has often been cited as a barrier for businesses, as it forces companies to pour significant capital into local production infrastructure or partner with domestic suppliers to source their inputs locally, which can be more costly.

Trump set the April 5 deadline in January for TikTok to find a non-Chinese buyer or face a U.S. ban on national security grounds due to have taken effect that month under a 2024 law.

The government is looking to develop genetically modified organisms (GMO) to boost domestic soybean production and reduce imports in a move experts say is “unnecessary” as it is expected to fail to address key hurdles in national soybean production.

A road map for the production and use of hydrogen is expected to be published next month as the government is in the process of implementing its National Hydrogen Strategy.

The company said the battery and charging system, called "Super e-Platform", boasted peak speeds of 1,000 kW, allowing cars to travel up to 470 kilometres (292 miles) after being plugged in for just five minutes.

Chinese internet search giant Baidu released a new artificial intelligence reasoning model Sunday and made its AI chatbot services free as ferocious competition grips the sector.

The issuance of the permits follows last month's announcement of more than US$300 million investments by Apple in Indonesia, including in plants making components for its products, and a research and development center.

Indonesia, home to the world's largest nickel reserves, has been seeking to position itself as a regional EV hub and a key player in the global EV supply chain.

The influencer business has been tarnished by a recent case that has gone viral in which an actress and her assistant reportedly extorted a skincare business owner to the tune of Rp 4 billion.

Thailand International Auto Parts and Accessories Show 2025 (TAPA 2025), a premier trade show presenting new products and innovations in the auto parts and accessories industry is set to take place from April 3-5, 2025 in Bangkok. For more than two decades, the event has brought together leaders in the auto parts, accessories and related services industries from Thailand and around the world, thus becoming known as the world auto parts sourcing hub.

Previously, the government mulled introducing a rule that would require ride-hailing companies to provide holiday allowances for their partners similar to those of formal workers, but in early March it toned down the plan into a simple bonus.

The artificial intelligence-ready data center project, dubbed SMX01, is set to operate in Jakarta’s central business district (CBD) with an initial 18-megawatt (MW) load capacity that can be increased up to 60 MW. 

The Southeast Asian nation is home to a large semiconductor industry, including top US multinationals such as Intel and GlobalFoundries, and is one of the top exporters of chips to the United States.

The social media platform owned by China's ByteDance is the latest in a string of big tech names to announce major spending projects in the kingdom, after Amazon, Google and Microsoft.

Three major powers have submitted proposals on developing a nuclear power plant in the country, according to Kadin’s energy and mineral resources deputy.

The source said the test will begin in the second quarter this year, but they do not expect the subscription service to earn meaningful revenue until next year at the earliest.

The acquisition marks another expansion of the fintech business after a launch of its digital banking app called Krom in early 2024.

President Prabowo Subianto has praised nuclear power as the “cleanest energy source” and is also banking on the technology in the areas of health care and agriculture.

What truly matters does not change, even as times change.

National Economic Council (DEN) member Mari Elka Pangestu noted that complaints from US multinationals could give Trump’s administration reason to review trade policies and ties with Indonesia.

Built by young local developers, the AI model will be cost-effective, Luhut noted, since DeepSeek was open source.

Canadian Minister of International Development Ahmed Hussen has conveyed his country’s interest in supporting nuclear energy development in Indonesia.

"The semiconductor industry is highly complex and requires precise specialisation and division of labour. Given that each country has its own unique industrial strengths, there is no need for a single nation to fully control or monopolise all technologies globally."

This came after Rosan said on Jan. 21 that he believed the tech giant was close to striking a deal over an investment package that would lift sales restrictions on the iPhone 16 in a matter of weeks.