Pertamina EP, the exploration and production arm of state-owned oil and gas giant Pertamina, blamed a dearth of oil rigs for hampering efforts to achieve the 1 million barrels of oil per day (bopd) target.

The credit rating agency suggested that new car purchases are unlikely to accelerate significantly for the rest of the year due to the central bank interest rate hike in April.

Buoyed by elevated domestic consumption during the Islamic festive season and the presidential election, Indonesia’s economy again exceeded expectations with GDP growth of 5.11 percent in the first quarter.

Indonesia still lacks the aluminum smelters and alumina refineries needed to support its downstream vision.

Amid the government's impending discussions on PLN's new 2024-2033 RUPTL and JETP stakeholders' ongoing negotiations toward a June 30 deadline, energy experts are urging the scheme's projects to get off the ground before interest flags.

Tourists are flocking to Bali not solely for leisure pursuits but also to make the most of the island's affordable dental treatment.

The government wants to make Indonesia, currently one of the world’s top sugar importers, self-sufficient in sugar and bioethanol production by 2027.

Representing the Indonesian government, Coordinating Economic Minister Airlangga Hartarto received the road map for Indonesia's Organisation for Economic Co-operation and Development (OECD) membership accession, at the opening of the OECD Ministerial Level Meeting in Paris on Thursday.

Indonesia’s consumer price index (CPI) growth has been steadily within acceptable boundaries for almost a year, yet Bank Indonesia (BI) hiked its key interest rate twice during that time, and analysts believe the central bank will remain cautious despite inflation being under control.

The OECD on Thursday raised its forecast for global growth in 2024, boosted by a dynamic recovery in the United States as the eurozone lags behind.

President Joko “Jokowi” Widodo announced at the Leaders’ Retreat at Bogor Palace on Monday that the government would move forward with a plan to enable solar power exports to Singapore.

China's factory activity grew for a second successive month in April, data showed Tuesday, providing some good news for officials battling to kickstart the vast economy in the face of weak domestic demand and a battered property sector.

An strong increase in domestic investment compensates for slower growth in foreign direct investment (FDI).

A surprisingly large trade surplus of US$ 4.47 billion in March has done little to allay concerns about what is seen as a longer-term narrowing of the gap between Indonesian exports and imports.

The proposal stems from a document released by the National Development Planning Agency (Bappenas). 

Indonesia and the United Arab Emirates (UAE) have signed a memorandum of understanding (MoU) to collaborate on reducing plastic waste in Indonesian waters.

China on Friday passed a law leaving its biggest trade partners in no doubt that it can hit back should they put tariffs on the exports of the world's No. 2 economy as Washington and Brussels take aim at Beijing over excess industrial capacity.

As a regulatory initiative developed by the European Union (EU) aiming to impose comprehensive testing requirements on various agricultural and forestry commodities, the EU Deforestation-Free Regulation (EUDR) is seen as a significant challenge that could harm Indonesian agricultural and forestry commodities, including palm oil, and undermine Indonesia's efforts and commitments in addressing issues related to climate change and biodiversity protection in line with multilateral agreements and conventions.

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan and Singapore prime minister-elect Lawrence Wong have discussed Singapore’s possible involvement in Indonesian national projects.

Bank Indonesia (BI) has raised its key interest rates in what it calls a “preemptive measure” in light of global risks caused by the uncertain outlook of monetary policy in the United States and geopolitical tension in the Middle East.

Corruption remains a challenge, with 71 percent of respondents citing corruption as a key barrier.

During his working visit to Indonesia, Singaporean Foreign Minister Vivian Balakrishnan met with Coordinating Minister for Economic Affairs Airlangga Hartarto at the Office of the Coordinating Ministry for Economic Affairs on Tuesday. The meeting was in preparation for the Leaders’ Retreat between President Joko “Jokowi” Widodo and Singaporean Prime Minister Lee Hsien Loong at the Bogor Palace in West Java on April 29.

The March surplus was also driven by a more-than-anticipated drop in imports.

Insurance provider PT Asuransi Allianz Life Indonesia (Allianz Life) and PT Bank HSBC Indonesia (“HSBC Indonesia”) further strengthen their partnership and bancassurance distribution channel by launching Premier Legacy Assurance, a traditional whole life insurance product targeting affluent and high net worth individuals.

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said Indonesia had invited China to share its technology and know-how in the development of rice farming in Central Kalimantan.

Indonesia also hopes for China's support in building ports and strategic industries.

As one of the pillars in the strategy to drive national economic growth, inclusive finance for various societal groups continues to be promoted by the government by enhancing equitable access to quality formal financial services at affordable costs according to the needs of people in various regions.