In 2024, Indonesia experienced a slowdown in inflation, reaching a record low of 1.57 percent. While this indicates price stability, it also signals the need for greater stimulus to sustain economic growth.

"The goal here is to bring back the high quality industrial jobs to the US. President (Donald) Trump is interested in the jobs of the future, not the jobs of the past," Bessent told reporters at a White House briefing.

Tax incentives can be categorized into four types, namely exemption from tax imposition, reduction of tax base, reduction of tax rate and tax deferral. In essence, a tax incentive policy is the government's effort to ensure that the economy continues to run and grow, as well as encouraging taxpayers to remain compliant both formally and materially.

The Manpower Ministry plans to clamp down on the all-too common practice of employers holding onto the graduation certificates of employees, even ex-employees, effectively keeping them hostage against quitting.

Gan Kim Yong, who is also the trade minister and helms the Singapore Economic Resilience Taskforce, told reporters Sunday that pharmaceuticals make up more than 10 percent of the city state's exports to the United States, according to the Straits Times.

Mangga Dua market has been thrust into spotlight yet again as a barrier to trade in the USTR's 2025 National Trade Estimate Report, which has singled out the North Jakarta market as a bustling hub of counterfeit goods.

The government says the US has expressed appreciation for Indonesia’s position on bilateral trade and lauded Jakarta’s decision to get into negotiations early, as a high-ranking delegation wraps up talks in Washington, DC.

Coordinating Economic Affairs Minister Airlangga Hartarto, the head of delegation, and Finance Minister Sri Mulyani Indrawati have been in the United States since last week negotiating the proposed 32 percent tariffs the US wants to impose on Indonesia. These tariffs have been put on hold for 90 days.

President Donald Trump has defied international norms on the nascent field of deep-sea mining, signing an executive order Thursday expanding the practice for rare earth minerals in domestic and international waters.

The announcement comes just days after the government rejected a request from Malaysia to import rice from Indonesia, citing the need to safeguard domestic supply.

Bank Indonesia (BI) has decided to keep its key interest rates in place as the rupiah remains weak, and noted that mounting global pressure stemming from trade disruption threatens Indonesia’s economic growth.

Prabowo told reporters that Indonesia is a big country with a bright future and there would be new investment to take the place of the South Korean company in the electric vehicle battery ecosystem.

US Health Secretary Robert F. Kennedy Jr. and FDA Commissioner Marty Makary said on Tuesday that the agency plans to remove synthetic food dyes from the US food supply by revoking authorizations of some and working with industry to voluntarily remove others.

The tariffs on companies from Cambodia, Thailand, Malaysia and Vietnam will still need to be ratified at a meeting of the International Trade Commission in June.

The guarantees, aimed at easing investor concerns over the megaproject’s execution and continuity, will be issued jointly by the Finance Ministry and PT Penjaminan Infrastruktur Indonesia (PT PII), the ministry’s infrastructure guarantee vehicle.

The body noted that the auction process, management handover and subsequent implementation of construction work would soon take place.

Companies have to submit a due diligence statement annually, rather than for each shipment or batch of goods placed on the EU market, the Commission said in rule changes published late on Tuesday in response to industry demands.

Beijing has also asked that Chinese carriers halt any purchases of aircraft-related equipment and parts from US companies, the Bloomberg report said. 

Public Works Minister Dody Hanggodo said the government would lift a temporary freeze on funding for national strategic projects, including those earmarked for the future capital city Nusantara in East Kalimantan.

The move came as retaliatory Chinese import tariffs of 125 percent on US goods took effect Saturday, with Beijing standing defiant against its biggest trade partner.

The marketing and sale of iPhone 16 models was prohibited by the government in October over Apple’s failure to meet regulation requiring that 40 percent of smartphone components be made from local parts.

The National Food Agency (Bapanas) has defended President Prabowo Subianto’s instruction to remove import quotas, arguing the move will not hurt domestic producers.

Industry groups are pressing the government to delay increasing mining royalties this month as planned, regardless of the pause in US tariffs, underlining the persistent global uncertainty and already burdensome domestic rules for miners.

The housing ministry has introduced a new regulation to be issued on April 21 that expands the maximum income threshold for individuals and couples eligible for the government's subsidized homeownership program, so residents in major cities also have access to affordable homes.

In their meeting on Wednesday, just before the Trump administration reversed course on its sweeping tariff policy, the senior economic minister and the US ambassador spoke of constructive cooperation as a way forward in bilateral trade talks.

The government appears in disarray over details on planned changes.

The approval will come on the day that Trump's "reciprocal" tariffs on the EU and dozens of countries took effect, including massive 104 percent duties on China, extending his tariff onslaught and spurring more widespread selling across financial markets.