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.

The agency cut its rating from AA- to A+, and said the outlook was negative.

Bank Indonesia (BI) has issued a statement that seeks to alleviate concerns about a weakening rupiah as the United States dollar is propped up by the American economy as well as by Iran and Israel trading blows.

The Asian economy is projected to remain resilient in the future, in spite of the global economic conditions that are challenged by current geopolitical turmoil.

Indonesian manufacturers are feeling the pinch, as a weakening rupiah exchange rate against the United States dollar and a surge in oil prices lead to higher input costs for local industry.

Indonesian consumers expressed more favorable views about the state of the domestic economy in March, according to Bank Indonesia’s latest monthly report.

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan will lead the technical details of the project.

A planned Formula One circuit to be built in a newly developed area of North Jakarta will boost tourism and help the automotive industry, but a well-developed plan is essential, experts say.

An escalation of the conflict could send the oil price up, which could then lead to higher energy subsidy spending.

Further escalation in the Middle East conflict could pose multi-layered economic risks to Indonesia, ranging from further capital outflows to weaker gross domestic product (GDP) growth, according to analysts and some former government officials.

The current conflict in the Middle East is intensifying with Iran's drone attacks on Israel on Sunday in retaliation for Israel's destruction of the Iranian consulate building in Damascus, Syria, on April 1, 2024. Besides escalating regional tensions to a global level, this conflict escalation will also affect the global economy and increase macroeconomic risks for the Indonesian economy.

Managing the state budget without fiscal discipline could be dangerous, Kadin said.

The biggest economy of Southeast Asia, Indonesia is also the country with the largest Muslim population.