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President Prabowo Subianto has proposed a low fiscal deficit for the 2027 state budget bill though more efficient spending and higher revenue, even while holding onto an ambitious economic growth target.
3 hours agoFor the first time, Statistics Indonesia (BPS) released a housing statistics figure, which compiles data from the National Socioeconomic Survey (Susenas) and administrative data from ministries, government agencies and local administrations. ...
8 hours agoPresident Prabowo Subianto plans to eliminate more than 750 state-owned enterprises and open legal ...
11 hours agoIndonesia’s textile exports are expected to grow by up to 4 percent in 2027, but weak supply-chain integration and outdated machinery are keeping the the industry from reaching its full potential.
18 hours agoThe government is providing eased credit access to back local electric two-wheelers and push for the use of nickel-based batteries in an industry increasingly dominated by lithium alternatives.
1 day agoIn little more than a decade, Indonesia has grown into Southeast Asia's largest economy, with its factories and resource base feeding supply chains that stretch to every major market.
1 day agoEconomists stress that creating a credible plan is more important than painting a bold aspiration, as the government continues to propose ambitious economic growth targets, while seeking to uphold fiscal prudence.
1 day agoIran remains under sweeping US and international sanctions, and it has yet to reach a peace deal to end the current conflict with the US and Israel, giving Tehran added incentive to seek alternative financial channels outside the dollar system.
2 days agoBank Indonesia’s retail sales index also dropped sharply in June, but the central bank sees improvements next month.
3 days agoMore than 500 running events are taking place in Indonesia and more than 200 cities in 2026, roughly five times the number recorded in 2022.
3 days agoIndonesia holds the world's sixth-largest gold reserves, estimated at around 2,600 tonnes.
3 days agoIndonesia also sought a preferential trade agreement (PTA) with South America’s Mercosur bloc as negotiations for a broader Indonesia-Mercosur Comprehensive Economic Partnership Agreement (IEU-CEPA) made little progress.
3 days agoContinued layoffs and a shift of work to the informal sector raises questions about the quality of jobs being created as official data shows that the unemployment rate edged down in May.
4 days agoAnonymous sources said last week Prabowo had his eyes on Destry to win the race and her nomination would be made formal, according to reports from Bloomberg and Reuters.
5 days agoThe White House needs critical minerals to replenish weapons stockpiles depleted during the Iran conflict and reduce US dependence on Chinese supply chains.
6 days agoEconomists say the country's poverty line no longer reflects actual living costs and are urging the government to revise it as soon as possible.
1 week agoAs Indonesia enters a new chapter in biodiversity financing, experts caution against repeating the errors of the carbon market.
1 week agoThe World Bank announced on Thursday that it was providing US$750 million in financial guarantees to Indonesia's largest state-owned commercial bank, with the funds to be channeled into the government's low-interest loan program for small businesses.
1 week agoRising spending among the wealthy while middle-class consumption loses steam suggests overall purchasing power is failing to keep pace with GDP growth.
1 week agoThe World Bank Group (WBG) has appointed Indonesia’s former finance minister Sri Mulyani Indrawati as a co-chair tasked with addressing extreme poverty in low-income countries.
1 week agoApindo noted that every unresolved business obstacle weakens the multiplier effect needed to attract investment, expand production and create employment.
1 week agoIndonesia’s gross domestic product growth has decelerated in the second quarter, making the government’s target for the full year – a milestone toward reaching President Prabowo Subianto’s goal of 8 percent growth in his tenure – a tall order.
1 week agoRising interest rates are driving up funding costs and squeezing net interest margins (NIM) of banks, with analysts saying lenders will need to step up operational efficiency to sustain profitability.
1 week agoThe finance minister said the full year GDP growth this year was projected to hover between 5.6 and 6 percent despite the likelihood of a slowdown in the second quarter.
1 week agoThe purchasing managers’ index (PMI) climbed back above 50 last month as output edged higher and business confidence hit a six-month high, but weak exports and high input costs are keeping manufacturers wary.
1 week agoData from Statistics Indonesia (BPS), released on Monday, showed that the June shortfall narrowed from the $1.61 billion deficit recorded in May.
1 week agoConsumer price index growth cooled to 2.88 percent year-on-year in July despite ongoing pressure from high global oil prices, according to the latest report from Statistics Indonesia (BPS).
1 week agoBali is seen as a possible location for the planned Indonesia International Financial Center (PFII), but can the resort island benefit from the development without becoming overburdened?
1 week agoIn 2024, Singapore secured an exclusive deal with Taylor Swift to make the country her only stop in Southeast Asia, despite her massive fan base in neighboring markets, including Indonesia.
1 week agoThe President has announced plans to step up railway development across the country, beginning with a cross-island network on Sumatra, as a cost-efficient “instrument of economic democratization” that would improve public transport connectivity, particularly for lower-income communities and people in smaller towns.
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