The Philippines is also keeping the option of increasing its coal imports from top supplier Indonesia in an effort to reduce electricity rate hikes.

Evidence shows that Indigenous, community-based mitigation systems are effective in saving lives during disasters. Therefore, legal recognition of Indigenous communities and customary forests is an urgent priority, alongside efforts to strengthen local knowledge systems and ensure their sustainability.

Rail transport carried the largest share of passengers at 3.3 million, rising 13.46 percent year-on-year.

Spending during Ramadan this year marked an overall shift in composition as consumers moved away from leisure toward necessities, giving policymakers clues as to how best to realign seasonal measures.

President Prabowo Subianto has declared that Indonesia’s aggressive push for food and energy self-reliance is not rooted in ideology but in "common sense", as it is required to survive a volatile global landscape.

Despite global headwinds, the finance minister expects economic resilience, buoyed by spending over and beyond Idul Fitri, will help achieve 5.5-5.7 percent growth in the first quarter.

Chinese Premier Li Qiang pledged on Sunday to further open up the economy and fully implement national treatment for foreign enterprises, as the country seeks to reassure the outside world amid rising global trade tensions.

The government is holding subsidized fuel prices steady through year-end as global oil price tops US$100 a barrel, with Finance Minister Purbaya Yudhi Sadewa saying the state will absorb the shock rather than pass it on to consumers.

US Treasury Secretary Scott Bessent said Thursday that Washington might lift sanctions on Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East.

Last year, China sent Brazil, Indonesia and Thailand roughly a fifth of their fertilizer imports and that figure stood at a third for Malaysia and New Zealand, according to International Trade Centre data. For India, it was around 16 percent, according to its trade data.

China's show of willingness to work with the region of more than 700 million people would be welcome relief to Southeast Asian oil importers after an order by Beijing earlier this month to ban Chinese exports of diesel, gasoline and jet fuel.

Asia spot LNG prices have doubled to three-year highs in the second major supply shock in four years, as shipping through the Strait of Hormuz has all but stopped and No. 2 global exporter Qatar has halted shipments. 

The cost of the subsidised RON95 transport fuel, available for all Malaysian citizens, will be kept at 1.99 ringgit per litre, with the government expected to spend over 3 billion ringgit ($763.36 million) per month to fund its fuel subsidy bill, the ministry said in a statement late Wednesday. 

Interest rates were kept steady at a range of 3.50 percent to 3.75 percent, with officials flagging one expected cut by the end of the year.

Uncertain economic prospects and delayed or absent holiday allowance disbursements have made some consumers more cautious, prompting them to spend less and save more.

International Finance Corporation (IFC), the World Bank Group’s private sector arm, has urged Indonesia to prioritize the growth of more productive, higher-value businesses through regulatory reforms.  

The President's brother, who heads the public housing task force, says he has temporarily allayed Prabowo's concerns by pointing to the relatively recent existence of the housing ministry as a stand-alone institution.

Australia's central bank raised its cash rate for a second straight month on Tuesday, saying higher borrowing costs were needed to contain inflation, though a very tight vote suggested further tightening is far from certain.

The government has emphasized that lifting the fiscal deficit cap, which sits at 3 percent of GDP, could only happen in a crisis, and that it is focusing instead on slashing government spending.

The agreement is expected to strengthen the security and reliability of the critical minerals supply chain for both countries while supporting the development of clean energy technologies using Indonesia's mineral resources.

Industry players estimate that packaging costs in the bottled water industry could increase by as much as 45 percent if supply disruptions persist.

US President Donald Trump said Sunday he had the authority to impose duties despite the US Supreme Court last month striking down his global tariffs.

US Federal Reserve policymakers are expected to leave interest rates unchanged at their meeting next week, as the US-Israel war on Iran sends shock waves through markets and recent economic data has begun to show weakness.

US trade investigations against Indonesia and other countries over alleged unfair practices could give Washington new leverage in bilateral negotiations after the US Supreme Court struck down the initial legal basis for the Agreement on Reciprocal Trade (ART).

US President Donald Trump's administration launched a new trade investigation on Wednesday into excess industrial capacity in 16 major trading partners in a move to rebuild tariff pressure after the US Supreme Court tore down the centerpiece of Trump's tariff program last month.

Pertamina will partner with foreign investors to develop a strategic crude oil storage facility in Sumatra, aiming to increase the national reserves storage capacity to 90 days, a senior government official has said.

The US government is launching two new trade investigations into excess industrial capacity in 16 major trading partners, including Indonesia, to rebuild tariff pressure after the US Supreme Court tore down much of Trump's tariff program last month.