Indonesia 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. 

Continued 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.

Anonymous 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.

The White House needs critical minerals to replenish weapons stockpiles depleted during the Iran conflict and reduce US dependence on Chinese supply chains.

Economists say the country's poverty line no longer reflects actual living costs and are urging the government to revise it as soon as possible.

As Indonesia enters a new chapter in biodiversity financing, experts caution against repeating the errors of the carbon market.

The 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.

Rising spending among the wealthy while middle-class consumption loses steam suggests overall purchasing power is failing to keep pace with GDP growth.  

The 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.  

Apindo noted that every unresolved business obstacle weakens the multiplier effect needed to attract investment, expand production and create employment.

Indonesia’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.

Rising 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.  

The 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.

The 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.

Data from Statistics Indonesia (BPS), released on Monday, showed that the June shortfall narrowed from the $1.61 billion deficit recorded in May.

Consumer 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).

Bali 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?  

In 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.   

The 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.

China's factory activity unexpectedly slid in July, official data showed Friday, as leaders in the world's second-largest economy struggle to reignite domestic demand.

Business spending on equipment increased at a 15.2 percent pace, notching a second straight quarter of double-digit growth.

Beijing condemned the duties imposed on China and 59 other countries over alleged forced labor concerns, and warned Washington against waging a trade war.

The Rokan zone alone drills nearly 500 wells annually, the highest tally of any single operating area in Indonesia.

The financing package comprises a concessional loan of approximately 230 million euros and a 6-million-euro technical assistance grant from KfW, alongside counterpart funding from the Indonesian government.

The Fed held rates at 3.50-3.75 percent for the fifth straight meeting, with Kevin Warsh denying that he was reticent to take action against high prices.

Indonesian products may lose their US markets to other countries with lower tariffs and better cost of doing business, according to the Indonesian Employers Association (Apindo).  

The real challenge facing policymakers in the second half of the year is not simply between stability and growth, but whether they can maintain the former toward the latter so as to nurture confidence in Indonesia's economy.