Both sides looking for more reliable partners to offset ‘unpredictable’ US policy.

Data from the General Administration of Customs said exports rose 5.8 percent year-on-year, topping the five percent forecast in a Bloomberg survey of economists. 

The tender will prioritize Japanese firms, as the project is being financed by the Japan International Cooperation Agency (JICA) with cofinancing from the Asian Development Bank (ADB).

President Donald Trump on Saturday targeted Mexico and the European Union with steep 30 percent tariffs, dramatically raising the stakes in already tense negotiations with two of the largest US trading partners.

The National Nutrition Agency (BGN) has requested an additional Rp 118 trillion (US$7.27 billion) to finance the free nutritious meals (MBG) program through the end of 2026, citing a projected shortfall in the initial budget allocation.

In 2023, Indonesia exported US$1.5 billion worth of goods to Mercosur countries, ranging from coconut and crude palm oil to vehicle parts, while imports from the bloc reached $6.2 billion, dominated by oil cake, sugarcane and wheat.

China's economy is expected to have expanded more than five percent in the second quarter thanks to strong exports, analysts say, but they warned Donald Trump's trade war could cause a sharp slowdown in the final six months.

The Centre for Strategic and International Studies (CSIS) Indonesia believes United States President Donald Trump is likely to ultimately impose a uniform tariff rate on Indonesia and other countries in the region.

Recovery continued to elude the four-wheel vehicle market in the January-June period amid ongoing weak consumer demand, with local multi-finance companies, which typically rely on car loans, posted modest year-on-year growth of 2.8 percent in May.

Lula made the remarks during talks with President Prabowo Subianto.

Trump said he would “consider an adjustment” if Indonesia eliminates its tariff and nontariff barriers.

Retail sales and consumer confidence saw slight improvements in June according to preliminary RSI data, which attributed the uptick to "seasonal factors” including Idul Adha and the school holiday.

In May, BI revised down its projection for loan growth this year, from 11–13 percent to 8–11 percent.

Indonesia has yet to secure lower tariffs from the United States despite a range of concessions it put on the table. Experts caution that striking a trade deal may be “too complex” a task.

In a letter dated Monday and posted on Donald Trump’s Truth Social account, the United States president said the measure was needed to correct “very persistent” trade imbalances that he blamed on Indonesian tariff and nontariff trade barriers.

Jakarta has also pledged to step up its energy and merchandise imports to close the trade gap.

Conceived two decades ago as a forum for fast-growing economies, BRICS has come to be seen as a Chinese-driven counterbalance to US and western European power.

Coordinating economic minister Airlangga Hartarto, the country's main negotiator in tariff talks with the United States, is scheduled to go to the US on Monday, an official told Reuters.

The House Budget Commit has green-lit the Finance Ministry's recommended SAL drawdown to shore up shortfalls as a result of earlier-than-expected fiscal pressures due to stuttering disbursement for the government's big-ticket flagship programs.

The draft summit declaration does not mention the United States or its president by name. But it is a clear political shot directed at Washington from 11 emerging nations, including Brazil, Russia, India, China and South Africa. 

The strong growth figure comes just days after Vietnam averted the most punishing of United States President Donald Trump's threatened "reciprocal" tariffs on its exports.

The island province, long known for its sandy beaches, terraced rice farms and unique temple culture, is still struggling to find a way to ramp up its agriculture industry and move away from its reliance on tourism as the key economic contributor.

In the first half of this year, the government collected Rp 1.2 quadrillion, the lowest mid-year figure in three years and 9 percent below the same period in 2024.

Batam’s close geographical proximity to Singapore and Johor, Malaysia could lead to lower transportation and logistics costs.

Contraction comes from entrenched domestic orders, scaled back hiring of local firms.

On an annual basis, headline inflation climbed to 1.87 percent, up from 1.6 percent in May.

Despite ongoing trade talks in view of Trump's looming tariffs, the United States still contributed the most to Indonesia’s surplus in the January-May period this year, even jumping 31 percent to $7.08 billion compared to last year's figure.