The government and House of Representatives Budget Committee have slashed planned energy subsidies for next year by Rp 1.12 trillion (US$72.26 million), or 0.54 percent of the allocation proposed in the 2025 draft state budget (RAPBN), because of the rupiah’s appreciation.

Workers have seen their slice of the global income pie shrink significantly over the past two decades, swelling inequality and depriving the combined labor force of trillions, while capital income concentrates ever more among the wealthiest.

The IINTOA says the current mpox outbreak has not led to any canceled travel plans to Indonesia, but also noted that many travelers and tour operators seemed unaware of government curbs to prevent the disease's spread.

The IAF 2024 concluded on Tuesday with a swath of new deals worth billions inked between Indonesian and African businesses, both public and private, led by deals in the energy sector totaling $1.5 billion and the food sector contributing $1.2 billion.

China said on Tuesday it plans to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak.

Indonesia’s manufacturing purchasing managers' index (PMI) points to further contraction in factory activity in August on the back of diminishing sales, forcing some firms to reduce their workforces despite their hopes for the coming year.

Year-on-year (yoy) inflation fell for a fifth consecutive month in August, as the consumer price index (CPI) contracted on a month-to-month (mtm) basis for a fourth month in a row.

The government expects agreements to be signed between PLN and Tanzania’s Tanesco as well as between Biofarma and Ghana-based Atlantic Lifesciences, among others.

China is facing a twin challenge that feeds its weight problem: In a modernizing economy underpinned by technological innovation, more jobs have become static or desk-bound, while a prolonged slowdown in growth is forcing people to adopt cheaper, unhealthy diets.

African leaders descend on China's capital this week, seeking funds for big-ticket infrastructure projects as they eye mounting great power competition over resources and influence on the continent.

Chinese manufacturing contracted for a fourth consecutive month in August, official data showed Saturday, a worse-than-expected result reflecting the world's second-largest economy's struggle to recover.

Eight OPEC+ members are scheduled to boost output by 180,000 barrels per day in October, as part of a plan to begin unwinding their most recent layer of output cuts of 2.2 million bpd while keeping other cuts in place until end-2025.

Indonesia has been through some turbulent weeks that could have swung investor sentiment either way, but market actors appeared largely nonchalant in a reflection of their confidence in the country’s political stability and solid economic fundamentals.

The government will also push for the adoption of electric vehicles (EVs) and light rail transit (LRT) on the island.

A former campaign aide has said that the president-elect is seeking an individual with both financial and policymaking acumen to take the helm of the Finance Ministry under his administration, though "it's still too soon” to name any names ahead of the transfer of power in October.

Indonesia’s growing paper and plastic scrap imports may aggravate the country’s waste problems, experts say, calling on the government to develop recycling industries as well as waste management infrastructure.

With the new spending for Nusantara next year, the government would spend over Rp 96 trillion in total to develop the city until 2025, exceeding its planned state budget allocation limit for the project.

China, the world's biggest emitter of greenhouse gases, is building almost twice as much wind and solar capacity as every other country combined.

Nearly 20,000 workers across major Indian ports are likely to go on a strike from Wednesday to demand immediate settlement of pay revisions and pension benefits, union workers said on Tuesday.

The president-elect reportedly conveyed that message during his meeting with Emmanuel Macron in July, catching the French president by surprise.

The government is inviting private oil and gas companies to produce aviation turbine fuel (avtur) as it seeks to bring down airfares, but experts say Indonesia lacks a competitive advantage in the industry, making it unattractive for investment.

Food supplies to the Nusantara Capital City (IKN) will still rely on shipments from outside of Kalimantan, especially from Java and Sulawesi.

The decision could set a precedent for other government institutions, signaling that ‘existing rules can be bent’, including laws and regulations related to businesses.

US Federal Reserve chair Jerome Powell is widely expected to use a keynote speech at a major central banking conference on Friday to signal support for cutting interest rates ahead of next month's rate decision.

“Please look after my deputy minister Pak, he’s the one who will carry on,” Sri Mulyani told lawmakers on Wednesday. 

Bank Indonesia’s benchmark rate remains at 6.25 percent for now, and the central bank expects room for a reduction to open up only in the fourth quarter, despite recent signals pointing to sooner interest rate cuts by the United States Federal Reserve.

Environment Minister Tanya Plibersek said SunCable's flagship Australia-Asia power link project would help meet growing demand for renewable energy at home and abroad.

All the infrastructures in the future capital city would be handed over to IKN Authority. Thus, budgets related to maintenance would be part of the agency’s annual allowance.

The project, which will include an array of panels, batteries and, eventually, a cable linking Australia with Singapore, is backed by tech billionaire and green activist Mike Cannon-Brookes.

Investment Minister seat comes with leadership of the Investment Acceleration Task Force for Nusantara.