Indonesia economy

The move could be part of the U.S. tech giant's strategy to lift a government-imposed sales ban on its latest model.

The Danantara fund, which will be seeded with at least $61 billion, will be placed under the direct supervision of the president's office.

Middle powers with rapidly growing economies feel they have more bargaining power than they once did – and some are not afraid to use it.

Since taking office in October, the Indonesian president's popularity has been boosted by his tax cuts and free meal program.

Jakarta seems determined to use the leverage it enjoys as the world's fourth-largest smartphone market to extract maximum benefits from the U.S. tech giant.

To a large extent, fears about uncontrolled government spending have been overblown.

The last-minute shift by President Prabowo Subianto came in response to strong criticisms from business associations and labor unions.

Amid both financial and geopolitical pressures, there has been a trend toward increased consolidation in Southeast Asia’s telecom industry.

The investment, which has not yet been made official, would help Apple fulfill local content rules that have prevented it from selling its latest iPhone in the country.

The state-owned utility has allowed private companies to expand the country's generating capacity, but it may take a different approach with solar.

The garment manufacturer is struggling with a heavy debt burden, a slump in demand, and a flood of inexpensive imports.