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.

Despite higher average incomes, everything is generally more expensive in the US than it is in Indonesia.

Indonesia's external resilience remains intact amid ongoing global risk, reflected by the surplus in the country’s international transactions. According to a Bank Indonesia (BI) report, Indonesia’s balance of payments (BOP) for Q3-2024 recorded a surplus of US$5.9 billion, a recovery from a deficit of $0.6 billion in Q2-2024.

The companies expressed interest in priority sectors in the country, including those related to energy, infrastructure, education and health care.

Japan's minority government was expected Friday to approve a $140-billion stimulus drive aimed at putting more money in consumers' pockets after the ruling party's worst election result in 15 years.

The Indonesian government, represented by Coordinating Minister for Economic Affairs Airlangga Hartarto, attended the launch of the Global Clean Power Alliance (GCPA) on the sidelines of the G20 Summit in Rio de Janeiro, Brazil on Nov. 19.

Hotel businesses are expecting a lower occupancy rate during this year's Christmas and New Year season compared with last year, as the country grapples with weakening purchasing power.

US President-elect Donald Trump nominated Howard Lutnick, the co-chair of his transition team, as his commerce secretary on Tuesday -- a choice set to bring a tougher stance on China from the incoming administration.

The government expects its free nutritious meals (MBG) program to boost demand for milk and is pushing dairy farmers to up their game in terms of quality and quantity.

The Indonesian Heavy Equipment Manufacturers Association (Hinabi) has lamented the low demand for locally made heavy equipment.  

A delegation of Indonesian business groups signed five memorandums of understanding (MoUs) with Brazilian counterparts at the Indonesia-Brazil Business Forum in Rio de Janeiro on Sunday, which if they are seen through as outlined, could be worth a combined US$2.65 billion.

An NTT-based NGO that won second place in a recent Schneider Electric competition says the government should focus on providing renewable-based power solutions in remote regions in its pursuit of a just energy transition.

With Donald Trump's imminent return as US president looming over the Asia-Pacific Economic Cooperation (APEC) summit in Lima, his Chinese counterpart Xi Jinping said the region should push for more free trade as Asia-Pacific cooperation faces "rising protectionism", according to Chinese state media.

Coordinating Minister for Economic Affairs Airlangga Hartarto accompanied President Prabowo Subianto, during a bilateral meeting with Canadian Prime Minister Justin Trudeau on the sidelines of the Asia Pacific Economic Cooperation (APEC) Summit in Lima, Peru, on Friday (15/11).

Strong US economic and inflation data continue to reshape the debate among Federal Reserve policymakers over the pace and extent of interest rate cuts as investors on Friday further downgraded their expectations for a rate reduction at the central bank's December meeting.

President Prabowo Subianto has highlighted Indonesia’s abundant natural resources as a foundation for national energy security, suggesting that the country could meet its entire energy needs without relying on fossil fuels.

The finance minister has announced a bold plan to target the shadow economy as a new source of tax revenue, particularly as the government looks to generate more funds to finance its ambitious and costly priority programs, including the free meals program.

Japan's economy expanded by an annualized 0.9 percent over the July-September quarter, government data showed on Friday, slowing from the previous three months due to tepid capital spending though an unexpected pickup in consumption added a bright spot.

President Prabowo Subianto has not given up on the country’s plan for homegrown automotive brands even after past leaders have failed to achieve mass production of a “national car”.

The G20 presidency of Brazil has entered the final stage of the G20 Leaders’ Declaration negotiation process. Starting on Nov. 12, the Sherpas from G20 member countries gathered in Rio de Janeiro, Brazil, to begin a series of negotiations aimed at reaching an agreement on the G20 Leaders’ Declaration.

The country's biggest MSME lender says that small businesses recorded a major sales slump in the third quarter, primarily due to weakening consumer spending and partly due to the rollback of COVID-related government assistance, leading to a rise in the NPL ratio for the sector.

Executives stress need for unity for the lobby group to pursue its key mission or representing business interests.

The drop in stocks could support the rally in benchmark futures, which are already hovering near their highest levels in more than two years. Malaysia is the world's second-largest producer of palm oil after neighbouring Indonesia.

The agreements signed at Beijing’s Great Hall of the People cover investments in high-tech manufacturing, renewable energy, health and the downstream processing of 26 key commodities, along with initiatives in food security and finance.

The council's deputy head told reporters on Tuesday that it would not venture into policymaking or technical decision-making, which would remain the authority of ministries and agencies.

Indonesian businesses are concerned that restrictive trade policies from United States president-elect Donald Trump will incentivize Chinese producers to divert large quantities of goods to Southeast Asian markets and create barriers for Indonesian exports to the US.

China and Indonesia have agreed to strengthen cooperation in key sectors, including lithium, new energy vehicles, green energy and tourism, according to a joint statement released on Saturday.

China's consumer inflation rate slowed in October, official data showed Saturday, in a sign that demand remains sluggish in the world's number two economy.