Until now, Chinese consumers have largely relied on supplies from neighboring countries such as Malaysia, Thailand, Vietnam and the Philippines.

Trade Minister Budi Santoso says he is working to secure a bilateral trade agreement to exempt Indonesia from Mexico's planned tariffs. The move follows reports that Mexico intends to impose duties of up to 50 percent on imports from several Asian countries, including Indonesia, starting in 2026.

A consolidation push in the banking industry looks set to make small lenders targets of mergers and acquisitions as the Financial Services Authority (OJK) wants to eliminate the lowest core capital category, which currently dominates the industry.

Jakarta will send a delegation to Washington to discuss the matter after senior officials agreed to finalize what the two leaders agreed upon on July 22.

Items once promoted to reduce waste are now collected, displayed and replaced at a pace that mirrors the very overconsumption they were meant to counter.

The country has marked a milestone as the first containers of shrimp, certified free of Cs-137, cleared inspections to enter the US this week, ending months of disruption in supplying the seafood industry's largest export market.

The proposal, passed earlier by the lower house, will raise or impose new duties of up to 50 percent from 2026 on certain goods.

Greer declined to discuss the state of the trade talks with Indonesia, saying they were subject to a confidentiality agreement, but underscoring Washington's interest in finalizing the trade deal.

Indonesia’s banking industry is cautiously optimistic about 2026 loan growth after sluggish demand this year.

According to preliminary data from Bank Indonesia (BI) published on Wednesday, the retail sales index (RSI) was projected to have climbed to 222.1 in November, marking a solid 5.9 percent year-on-year (yoy) increase from 209.7 in November 2024.

The two countries in July said Indonesia agreed to eliminate tariffs on more than 99 percent of US goods and scrap all non-tariff barriers facing American firms, while the US will drop threatened tariffs on Indonesian products to 19 percent from 32 percent.

Based on Mandiri Spending Index (MSI) data, average weekly spending growth in Q4 reached 37.8 percent year-on-year (yoy), higher than the 29.3 percent in Q3.

State-owned enterprises will receive about a third of last year's state capital injections this year due to the establishment of state asset fund Danantara.

Apindo chairwoman Shinta W. Kamdani said the first quarter of 2026 was likely to deliver the year’s strongest momentum as New Year, Lunar New Year, Ramadan and Idul Fitri will drive spending.

Impending state financing for state-owned Krakatau Steel is drawing attention to Indonesia's steel industry crisis, where low competitiveness and reliance on imports clash with the new government's push for self-sufficiency.

The president said he had received extensive reports on the scale of agricultural destruction and stressed that affected farmers would not be left to bear the losses alone.

From the latest album release listening party to surprise music video drops, the economic value of the global creative industry has reached US$2.3 trillion annually, making up 3.1 percent of the global GDP.

China's exports topped forecasts in November, driven by a surge in shipments to non-US markets as manufacturers deepen trade ties with the rest of the world in light of President Donald Trump's prohibitively high tariffs.

French President Emmanuel Macron said he had threatened Beijing with tariffs during his state visit to China if there was no action taken to reduce the country's ever-widening trade deficit with the European Union.

Indonesia’s bid to mass-produce cars of a homegrown brand in 2027 is “highly ambitious”, experts say, noting that an electric vehicle model would require sustained fiscal outlays and far stronger technical competencies than the country currently possesses.

The Finance Ministry expects the Sumatra disaster to only have a slight impact on gross domestic product growth in the fourth quarter.

Building on its decades-old role as a major cacao producer, Indonesia wants to push into the global chocolate market with a comprehensive supply chain from plantations via processing facilities to factories, but some key hurdles lie in the way.

The push follows the launch of an expansive exploration program on Nov. 25, which offers 75 potential oil and gas blocks for the 2025-2027 period.

The association had earlier expected domestic new car sales to approach 800,000 units by year-end, but the latest data point to a weaker market.

Small businesses in Aceh, North Sumatra and West Sumatra have watched as the recent flooding swept away their incomes along with roads, utilities and other essentials, including access to food.

The envisioned Kilat Pajajaran railway project threatens to cut into the market for the existing high-speed Whoosh service connecting the same two cities.  

The OECD assessment sees Indonesia’s inflation declining to 1.9 percent this year, and then picking up to 3.1 percent and 3.2 percent in successive years.

Quantum Luminous Indonesia president director Walter Grieves said the plan was to commence the semiconductor project at the start of 2026.

The macroeconomic dominance of micro, small and medium enterprises (MSMEs) is not reflected in their financial health or in the banking credit market.

The senior economy minister has called on Kadin to help the government tackle unemployment by boosting jobs in the private sector, including by easing entry-level requirements so around 1.5 million fresh graduates can get a foot in the door each year.