In late October, Public Housing and Settlements Minister Maruarar Sirait estimated the ministry would need over Rp 23 trillion (US$1.44 billion) to meet the needs of the housing program annually, but for next year the Finance Ministry has only earmarked Rp 5 trillion.

The former US president unleashed a grueling trade war with China during his first term in office, lambasting alleged intellectual property theft and other "unfair" practices.

Chinese developers have spare capacity but face constraints in expanding abroad due to financial challenges following the property bust in their own country.

A minister said the President had pitched the giant seawall project to Japanese business leaders through flexible cooperation schemes, in a bid to woo potential investors to the mega infrastructure project aiming to mitigate coastal erosion and subsidence.  

Vietnam is vulnerable to becoming the Trump administration's next target for tariffs as data shows its trade surplus with the United States ballooning, industry executives and analysts said.

Switzerland's biggest bank, which is among the world's largest wealth managers, said the number of dollar billionaires increased from 1,757 to 2,682 over the past 10 years, peaking in 2021 with 2,686.

Renting has become an alternative option for those who prefer to avoid long commuting times from the outskirts of Jakarta, given that homeownership in the city center is unaffordable.  

Analysts say the agreement lacks the ambition needed for an equitable energy transition in Indonesia and have expressed concern over high costs and complex negotiations stalling progress.

Bank Indonesia (BI) Governor Perry Warjiyo has signaled that the central bank will have less room for continued monetary policy easing next year as pressure mounts on the rupiah as a result of the more inward-looking policy expected from the administration of US president-elect Donald Trump.

President Prabowo Subianto has stated that Indonesia must not only pursue self-sufficiency in rice, he also wants the same for every other foodstuff in the future.

Ahead of a second presidential term for president-elect Donald Trump in the United States, Luhut Pandjaitan’s National Economic Council (DEN) has advised the government to “play smart” in its dealings with the world’s largest economy to prevent a strong reaction.

Southeast Asia’s biggest economy expects the agreement to pave the way for greater access to the region, including to the United States.

Local firms remain cautious when considering employment numbers despite improvements in manufacturing activity.

Laying off workers would only increase the number of people without income, further worsening the economic situation, Kadin chairman Anindya Bakrie said. 

The BPS revealed on Monday that Indonesia's inflation rate dropped to 1.55 percent in November, just 0.05 percentage point above the lowest end of BI's target range, marking the slowest annual rise since July 2021.

Asia's largest manufacturing economies stepped up activity in November, with China's factories extending their recovery driven in part by Beijing's stimulus and a rush to export, though weak patches in other parts of the region pointed to some challenges.

The railway, which will stretch more than 1,500 kilometres (930 miles) from the capital in the north to the country's business hub in the south, will reduce the current journey time by rail from 30 hours to around five.

President-elect Donald Trump on Monday threatened to impose a 100 percent tariff on the BRICS group nations if they undercut the US dollar.

Southeast Asia's biggest economy is looking at operating nuclear power plants as early as 2036 to cut its dependence on fossil fuels.

The Indonesian Hotels and Restaurants Association (PHRI) has asked the government to reconsider a stipulation that orders ministries to cut spending for official trips by a minimum of 50 percent as well as to refrain from hiking value added tax to 12 percent next year.

In an effort to strengthen its role in the global arena, Indonesia is currently an accession country to the Organisation for Economic Co-operation and Development (OECD) alongside Argentina, Brazil, Bulgaria, Croatia, Peru, Romania and Thailand.

In the efforts to strengthen its role in the global arena, Indonesia is currently an accession country to the Organisation for Economic Co-operation and Development (OECD) alongside Argentina, Brazil, Bulgaria, Croatia, Peru, Romania and Thailand.

President Prabowo hopes the country could have strong domestic capability to finance its own projects, particularly through Danantara.

Forestry Minister Raja Juli Antoni said the land, which has been redistributed to and is managed by farmers and communities of farmers, would be used to achieve the targets of President Prabowo Subianto’s food self-sufficiency and free nutritious meals programs. 

The World Wide Fund for Nature's (WWF) Norwegian chapter will have its day in court Thursday, after it sued Norway for opening up its seabed to mining before performing sufficient impact studies.

Greer, 44, served as chief of staff to Trump's former US Trade Representative Robert Lighthizer, the architect of Trump's original tariffs on some $370 billion worth of Chinese imports and the renegotiation of the North American free trade deal with Canada and Mexico.

A project for a new airport to be built in northern Bali has moved forward with its initiator PT BIBU Panji Sakti signing a heads of agreement (HoA) with a Chinese company, ChangYe Construction Group.  

Other points of cooperation include tourism, culture, health care, technology and industrial development.

COP29 deals on finance and carbon markets could lead to billions more dollars flowing around the business world if countries next year can deliver climate plans with clear policies for markets and investment.

If confirmed, hedge fund manager Scott Bessent, who was named by Trump on Friday, will have to usher through promised tax cuts, advise on an agenda promising sweeping tariffs and confront the world's biggest economy's ballooning debt.