Shipments of key Indonesian export commodities including iron and steel as well as crude palm oil (CPO) declined sharply in January, and economists project worse to come as higher US import tariffs hit global trade.

Agriculture Minister Andi Amran Sulaiman said on Friday that domestic milk production could only cover around 20 percent of national demand, leaving the country to face a 4.9 million tonnes deficit.

Japan's economic growth slowed sharply in 2024, cabinet office data showed on Monday, although the rate for the fourth quarter beat market expectations thanks to strong exports.

Illegal levies can eat up as much as 30 percent of total production costs, with bribes and extortion money flowing to multiple actors, including civil society organizations (CSOs), according to Transparency International Indonesia (TII).

People's Bank of China Governor Pan Gongsheng told a conference in Saudi Arabia that while most currencies have fallen against the dollar, the yuan has remained stable.

"I would have done them on April 1 [...] But we're going to do it on April 2," Trump says on potential auto tariff.

The Japanese government said Friday it will release a fifth of its emergency rice stockpile after hot weather, poor harvests and panic buying over a "megaquake" warning nearly doubled prices over a year.

Last year's decline marked the second consecutive annual drop in car sales since the 2022 peak.

Indonesian exports to Turkey surged to $1.94 billion last year, marking a 26 percent increase from the previous year and nearly reaching the five-year peak of $2.05 billion recorded in 2022.

The government continues to pitch Indonesia as an alternative manufacturing location while China is under pressure from US sanctions, but experts have doubt that strategy still works.

ASEAN member states are expected to witness robust economic growth and development in the coming years, buoyed by shifting global supply chains and rising affluence.

Sri Mulyani said that Indonesia’s inflation rate was at a “very low level” and was “a source of envy” for ASEAN and G20 countries.

Bank Indonesia (BI) is watching economic policy changes in the United States that may affect Indonesia and will determine on that basis whether a shift in its monetary policy stance is needed.

In addition to the education sector, Ambassador Chakravorty highlighted several other areas in which the two countries could explore the potential for greater cooperation, including health and technology.

With loan-to-deposit ratios (LDR) of 98 percent and 96.1 percent, respectively, Bank Mandiri and BNI exceeded the OJK’s recommended range of 78 to 92 percent last year.

Despite a sluggish start to the year, an industry association targets a modest increase in sales to 900,000 new cars for 2025.

Germany, which recently replaced the United States as a coleader in Indonesia’s Just Energy Transition Partnership (JETP), is set to dispatch a delegation to Jakarta this month to discuss the program’s implementation.

Indonesia eyes a bigger slice of the global durian market, and a recent rejection of Thai supplies by the world's largest importer, China, might help local producers increase exports.

The sustained growth of its economy and middle class have made India and its 1.4 billion people the third-largest air market in the world, after the United States and China.

President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries by Monday or Tuesday of next week, a major escalation of his offensive to tear up and reshape global trade relationships in the US' favor.

The European Union and France have promised 14.7 million euros (US$15.3 million) in grants for a five-year technical assistance program dubbed the Indonesia Energy Transition Facility (IETF).

Despite weakness in exports, Indonesia’s gross domestic product (GDP) growth last year exceeded expectations on the back of stronger household spending and investment.

Indonesia's economy grew more than expected last year, the government said Wednesday, as a pick-up in trade, mining and agriculture helped offset ongoing global headwinds.  

US President Donald Trump delayed the start of tariffs on neighbors Mexico and Canada for a month Monday -- but China remained in the firing line for levies that are putting the global economy on edge.

The government is considering a policy that would require thermal coal exporters to sell the commodity using Indonesia’s coal reference price (HBA) to prevent Indonesian coal from being sold abroad at prices below the local benchmark.

US President Donald Trump paused tariffs on Mexico for one month after last-minute talks Monday -- but there was no breakthrough yet in negotiations with Canada on an issue that has sparked fears of a global trade war.

Annual inflation in January 2025 is the lowest since January 2000, BPS says.

Though costs remain a concern, Indonesian manufacturers have increased buying activity and bolstered stockpiles of input and output inventories in anticipation of demand growth this year.

Maximum and minimum temperatures in most parts of the country will be above-average in the month, Mrutyunjay Mohapatra, director-general of the India Meteorological Department, told a virtual news conference.

Donald Trump's new tariffs will probably not have a major impact on China's economy but may herald the opening salvo of another bruising trade war with Beijing, analysts said Sunday.