The conciliatory remarks contrasted with President Prabowo Subianto's comments earlier this week, when he took aim at what he described as "intellectuals" of questioning the urgency of his signature free nutritious meal program.

Countries from Kenya to Indonesia and Bolivia have seen protests in recent weeks linked to energy price hikes and the rising cost of living.

Strategic petroleum releases helped avert a sharper rise in oil prices as a result of the war in the Middle East, but the global economy faces significant downside risks if a fragile ceasefire between the US and Iran doesn't hold, IMF chief economist Pierre-Olivier Gourinchas said on Friday.

The government is targeting first production between 2029 and 2030, positioning the field as a cornerstone of national energy security. 

Cyprus, which currently holds the Presidency of the Council of the European Union, said enhancing the EU's relationship with Indonesia and ASEAN have been among its priorities.

The government’s preference for state-led solutions not only exacerbates cumbersome governance but also hurts business efficiency – thereby dragging down Indonesia’s global competitiveness.

The intervention comes as labor groups warn that two major ceramic producers, Milan Keramik and Mulia Keramik, face an imminent shutdown in Bekasi, West Java, potentially putting about 55,000 jobs at risk.   

Indonesia's competitiveness was ranked 27th globally in 2024 then nosedived to 48th this year thanks to worsening business and government efficiency.

Indonesia and China are looking to become less reliant on the United States dollar by pushing ahead with the local currency transaction (LCT) scheme to conduct cross-border trade and investment using their own currencies.

The share of food-insecure Indonesians rose from 8.7 percent in 2024 to 10.4 percent in 2025, or roughly 29 million people.

Most of the stimulus were to be spent on food assistance namely 10 kilogram rice handouts for 33.24 million beneficiaries for the entire third quarter.

Said Iqbal, special presidential advisor for employment and workers’ welfare, stated those companies located in Pasuruan and Mojokerto, East Java, referred to them only by the initials PT J and PT S.

Rolling power outages across parts of Java and Bali over the weekend have disrupted household and business activities, reigniting concerns over the reliability of Indonesia’s electricity system, with experts warning that the situation could persist for up to two more weeks.

Industry representatives stated that fiscal pressures have narrowed spending capacity among regional governments, particularly for healthcare services and medical equipment procurement.

Negotiators from the United States and Iran were set to start peace talks in Switzerland on Sunday.

Ten years on from a referendum that triggered Britain's exit from the European Union, the nation's small- and medium-sized businesses (SMEs) find themselves caught between mountains of paperwork, rising costs and dashed expectations.

The European Commission will propose a new law requiring EU companies to diversify their sources of key supplies, its president Ursula von der Leyen has said, while China urged the G7 nations to respect market economy principles and international trading rules.

Prabowo rattled global markets last month by announcing Indonesia will centralize exports of strategic commodities, starting with coal, palm oil and ferroalloys, under the management of a unit under sovereign wealth fund Danantara.

Bank Indonesia (BI) on Thursday raised its benchmark rate by another 25 basis points to 5.75 percent, extending a rapid tightening cycle intended to attract capital inflows and prop up the rupiah.  

The platform, known as Perlinsos Digital, is currently being tested in 42 cities and regencies before expanding to all 541 districts and municipalities nationwide.

The news boosted optimism for a lasting peace between the two nations after more than three months of war that has rattled energy markets and fuelled a fresh spike in inflation.

The central bank lifted its key interest rate by 25 basis points to 5.75 percent, bringing the total increase to 1 percentage point over the past month. 

Finance Minister Purbaya Yudhi Sadewa has departed for a five-day work visit to China to increase cooperation on bond issuances and local currency transactions.

In 2025, the subsidized three‑kilogram green cylinder retail price was Rp 16,000, against an estimated market price of around Rp 48,000, with the state covering the full gap.

After attracting US$4.6 billion in orders, Danantara increased the size of its bond issuance from US$1 billion to US$1.5 billion, split evenly between five-year and 10-year tenors.

The U.S. president said he had asked French President Emmanuel Macron “not to charge American companies” after France imposed a 3 percent tax on the revenues earned by technology firms in 2019.

Due to elevated funding costs, sustained NIM pressure and higher provisions, Samuel Sekuritas has lowered its 2026 earnings growth forecast for banks from 4.6 percent in its previous report to 1.8 percent.