Multifinance companies have recorded continuing decline in yoy growth over the first three months to 4.6 percent in March, primarily due to sluggish first-quarter car sales of just 256,368 units, down 2.9 percent compared to the same period last year.
9 hours agoThe United States and China on Sunday said progress had been made after a weekend of talks aimed at de-escalating trade tensions sparked by President Donald Trump's aggressive tariff rollout. ...
15 hours agoInvestors are hopeful that US-China trade talks this weekend will cool a trade war between the world's two largest economies and dispel some of the uncertainty clouding financial markets, though few expect a major breakthrough just yet. ...
1 day agoChina said Thursday it would boost the credit available to the ailing property market by the end of the year and help renovate a million homes as unveiled its latest measures to shore up the struggling sector.
6 months agoMore than four years after the coronavirus pandemic wreaked havoc on international travel, Indonesia’s crucial tourist industry has yet to recover.
6 months agoSovereign sukuk (SBSN) has played an important role over the past decade of economic and infrastructure development in Indonesia. Also known as Islamic bonds, the sharia-based financing instrument is one effective solution that supports national development while fulfilling the principles of Islamic finance.
6 months agoBank Indonesia will keep eye on the Federal Funds Rate (FFR), US Treasury yields and the state of the ongoing Middle East conflict, among other indicators.
6 months agoMore than half of the world's electricity will be generated by low-emission sources before 2030 but the deployment of clean energy is "far from uniform" across the globe, the International Energy Agency said Wednesday.
6 months agoAfter a meeting with the president-elect in Jakarta on Monday, Sri Mulyani said Prabowo had asked her to serve as finance minister again.
6 months agoMicro, small and medium enterprises (MSMEs) hold a vital role in the national economy, becoming a backbone of economic stability, and have proven to be resilient in the face of crises such as the COVID-19 pandemic. MSMEs dominate economic growth by contributing around 60.5 percent of gross domestic product and absorbing 96.9 percent of the total workforce. Therefore, the government continues to encourage the MSME sector through various policies and programs that are expected to advance the sector so that it can participate in the global value chain.
6 months agoAccording to Investment Minister Rosan Roeslani, data center providers have shown interest in Indonesia but backed off because of a lack of renewable energy and opted to invest in Malaysia instead.
6 months agoIn the last 10 years, the Indonesian economy has been one of the best-performing economies in the world, with average annual economic growth of above 5 percent, controlled inflation and a positive fiscal deficit as a result of effective consolidation.
6 months agoOver the last decade, Indonesia has successfully integrated development across various sectors nationwide, with the government ensuring that the development agenda runs well and has a positive impact on society. Despite many challenges ranging from global economic turmoil, geopolitical tensions and pandemics to climate issues, the government has been consistently present in reaching all levels of society.
6 months agoAutomobile production has declined, in part because of the weakening purchasing power of Indonesian customers.
6 months agoThe average growth of Indonesia’s state spending in the past decade was recorded at 6.83 percent, rising from Rp 1,777.2 trillion (US$114 billion) in 2014 to Rp 3,621.3 trillion in 2025.
6 months agoThe government is actively implementing state spending to meet the targets of the state budget (APBN), namely by supporting economic growth and improving people's welfare. To that end, the government has consistently allocated the budget for various priority programs and managed state finances wisely.
6 months agoSingapore's economy grew more than expected in the third quarter as a rush for all things linked to artificial intelligence drove up demand for computer chips, according to preliminary data Monday.
6 months agoThe United Nations has estimated that the world is facing an annual financing gap of about US$4 trillion to achieve the SDGs, leaving countries with scarce resources to invest in better education, healthcare, renewable energy and climate resilience.
6 months agoThe 2025 state budget was prepared during the government transition period in a spirit of sustainability, optimism and inclusiveness, yet remains cautious and vigilant in facing global and national dynamics.
6 months agoIncreased equality in education services is the main key to nurturing high quality and competitive human resources, embodying the characteristics of being healthy, intelligent, adaptive, innovative and skilled.
6 months agoChina's consumer inflation rate slowed in September, official data showed Sunday, in a sign that demand remains fragile in the world's number two economy.
6 months agoChina pledged on Saturday to "significantly increase" debt to revive its sputtering economy, but left investors guessing on the overall size of the stimulus package, a vital detail to gauge the longevity of its recent stock market rally.
7 months agoThe government has revised up the 2025 State Budget revenue target to Rp 3,005.1 trillion from Rp 2,996.9 trillion.
7 months agoHead of the Tax Revenue Management Sub-Directorate of the Directorate General of Taxes (DJP) at the Finance Ministry Muchamad Arifin has reported that the tax revenue performance of the last 10 years was relatively good. Although there was a slowdown between 2014 and 2019, from 2021 to 2023 tax revenue grew very well, supported by economic recovery, rising commodity prices and a mix of tax policies. In 2022, tax revenue experienced the highest growth of 115.6 percent.
7 months agoMinistry/institution spending has been adjusted from the original Rp 976.8 trillion in the 2025 draft state budget (RAPBN) to Rp 1,160.1 trillion in the 2025 state budget (APBN). Meanwhile, non-ministry/institution spending has decreased from Rp 1,716.4 trillion to Rp1,541.4 trillion.
7 months agoTycoon Hashim Djojohadikusumo said Prabowo was always “more of a socialist” on account of his late father Sumitro Djojohadikusumo, the last chairman of the Indonesian Socialist Party (PSI) before its dissolution in 1960.
7 months agoCentral government spending in the 2025 state budget has been set at Rp 2,701.4 trillion, consisting of non-ministry/institutional spending of Rp 1,541.3 trillion and ministry/institutional spending of Rp 1,160.1 trillion. Since 2021, central government spending has grown by 9.5 percent.
7 months agoThe Agriculture Ministry expects Indonesia will be self-sufficient in rice in 2027 and capable of exporting the commodity in 2028.
7 months agoHSBC Indonesia, along with Batavia Prosperindo Aset Manajemen (BPAM), have jointly rolled out a mutual fund product, Batavia India Sharia Equity USD (BISE), a solution for affluent investors eager to expand their investment portfolio to Indian markets while adhering to sharia principles.
7 months agoAnalysts and a business association say clean power has become a top priority for foreign companies when selecting locations for overseas factories, especially for electric vehicle and battery manufacturers.
7 months agoA former trade minister and World Bank director has cautioned Indonesia to look ahead and anticipate potential global disruptions that could affect the country's fiscal stability.
7 months agoRetailers in Indonesia have expressed pessimism in their sales outlook one day after another survey showed that consumer confidence in the country is weakening.
7 months agoThe Transportation Ministry is planning auctions for the development of Tanjung Carat Port in South Sumatra, Makassar New Port in South Sulawesi and Ambon New Port in Maluku.
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