The ministry suggested to raise fixed subsidy for diesel fuel to up to Rp 3,000 (18 US cents) per liter. Currently, the figure hovers at Rp 1,000 per liter.

On this occasion, Minister Airlangga expressed his gratitude for the United States' support regarding Indonesia's accession to become a member of the OECD. The meeting, held on the sidelines of the IPEF Ministerial Meetings, was full of warmth and aimed to strengthen the cooperation between the two countries, which is currently formed under the RI-US Comprehensive Strategic Partnership, one of which is through the IPEF partnership.

Demand for family offices is set to rise in the Asia region, according to one consultancy company.

Bapanas has blamed garlic importers for causing the current shortage of garlic and the resulting spike in prices by trading their quotas, thereby leading to a shortfall in imports.

The number of "high net worth individuals" (HNWI) -- defined as people with liquid assets of at least $1 million -- rose by 5.1 percent last year to 22.8 million, according to consulting firm Capgemini.

That amount was dwarfed by the nationwide cement demand of 65.6 million tonnes last year, Indonesian Cement Association (ASI) data show.

Members of Porsche Club Indonesia who become HSBC Premier customers receive benefits and advantages, one of which is eligibility to participate in the "Porsche and Photography" gathering.

CPI growth dropped to 2.8 percent yoy in May, a tad lower than expected by analysts from Moody’s Analytics, who had projected a rate of 2.9 percent.

Factory activity in Indonesia has slowed to the lowest level this year but remains in positive territory, according to the latest monthly report published by S&P Global on Monday.

OPEC+ will likely agree on Sunday to prolong its deep oil output cuts into 2024 and possibly 2025, two OPEC+ sources said as the group seeks to shore up the market amid tepid global demand growth, high interest rates and rising rival US production.

The state-owned electricity utility expects the government to spend around Rp 83 trillion (US$5.11 billion) in 2025 to keep electricity cheap for consumers, marking a 9.56 percent increase from this year's projected amount.

India posted world-beating growth of 8.2 percent in the year to March on Friday, in a last-minute boost to Prime Minister Narendra Modi's economic credentials the day before national elections conclude.

Euro zone inflation rose in May, data showed on Friday, in a sign the European Central Bank still faces a slow and uncertain journey to rein in prices.

The EU faces a delicate balancing act as it prepares to rev up taxes on Chinese electric cars to protect European industry, while steering clear of a US-style showdown with Beijing that could spark a trade war.

The region's existing plans project a doubling of gas-fired power capacity, and an 80 percent increase in LNG import capacity, said Global Energy Monitor (GEM), a US-based NGO.

The billionaire was down to two major wealth managers -- UBS and JPMorgan Chase -- after Credit Suisse’s demise last year. He wanted a third bank but did not want to increase exposure to the Americans. 

China's economy is set to grow 5 percent this year, after a "strong" first quarter, the International Monetary Fund said on Wednesday, upgrading its earlier forecast of 4.6 percent expansion, though it expects slower growth in the years ahead.

The Jakarta Post’s Ruth Dea Juwita sat down with EU-ASEAN Business Council executive director Chris Humphrey during his visit to Jakarta on May 15 to talk about progress on trade negotiations and about business strategies for navigating Indonesian rules on local content and imports as well as the EU’s regulation on deforestation (EUDR).

Playing a crucial role in driving economic transformation toward the realization of Indonesia's Vision 2045, the government's efforts to strengthen international cooperation through its intention to join the Organisation for Economic Co-operation and Development (OECD) are increasingly showing certainty, with various stages progressing optimally.

After attending the Nikkei Forum in Tokyo for two days, Coordinating Economic Minister Airlangga Hartarto took advantage of the recent long weekend to visit the integrated industrial facilities of CNGR based in Qinzhou, southern China, which is the closest part of China to Southeast Asia, approximately 90 kilometers from Nanning. During this visit, Minister Airlangga was received directly by Deng Wei Ming, chairman of CNGR.

China sees more need to achieve self-sufficiency in semiconductors after the US imposed a series of export control measures over the last couple of years.

Continuing the series of events at the Nikkei Forum 2024 in Tokyo, Coordinating Minister Airlangga Hartarto, representing President Joko Widodo, spoke before global leaders, economic experts, and academics from the Asia-Pacific region. During the event themed "Future of Asia," Minister Airlangga detailed Indonesia's efforts in maintaining economic resilience amid global uncertainties and highlighted various investment opportunities in Indonesia.

The blend has been known to cause rapid engine heating, increased corrosion and accelerated wear. 

The global economic conditions, still marked by various challenges, have led several international institutions to project global economic growth in 2024 of around 3 percent year-on-year (yoy). Nevertheless, Indonesia's economic fundamentals continue to show stability, strengthening and stabilizing the country's resilience to global shocks. Indonesia's economic growth in the first quarter of 2024 was recorded at 5.11 percent yoy, with the inflation rate in April 2024 maintained within the target range of 2.5 + 1 percent, at 3 percent yoy.

From May 20 to 22, Coordinating Minister of Economic Affairs Airlangga Hartarto made a working visit to the Republic of Korea to further enhance bilateral relations and economic cooperation between the two countries.

The government says Indonesia may benefit from Washington’s newly introduced tariffs on Chinese goods, but businesses beg to differ, warning that Indonesian export goods were not ready to meet US demand.

Indonesia jumped 14 spots to 22nd place globally, making it the most improved country in a list of destinations according to the World Economic Forum’s latest Travel and Tourism Development Index (TTDI) released on Tuesday.

South Korea ranked seventh in terms of foreign direct investment (FDI) in Indonesia, with investment recorded at US$2.5 billion in 2023, an increase of more than $200 million (8.7 percent), compared with 2022.

According to the central bank, the interest rate hike in April helped the rupiah strengthen by 1.66 percent between the end of April and May 21.

Bilateral cooperation between Indonesia and South Korea has been established for over 50 years. The close relationship between the two countries continues to be promoted, especially in the sectors of economy, trade and investment.