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.

Task force has confiscated billions of rupiah worth of illegally imported goods since its establishment, including thousands of tools such as grinders and drills, electronic gadgets, furniture, textiles, leather goods, footwear and alcoholic beverages, among many others.

A business association now expects sales growth in the sector to slow to 5 percent this year, far below its previous projection of 7-9 percent.

The think tank suggested that an increase in revenue should be achieved by reducing tax incentives, such as those given to smelter operators.

President Joko “Jokowi” Widodo has appointed Dadan Hindayana to head the National Nutrition Agency less than a week after he signed presidential regulation No. 83/2024 on Aug. 15 stipulating the establishment of the agency.

Lam's visit to Beijing, his first overseas trip since coming to power, signals a desire between the two communist neighbours to strengthen ties, amid growing trade and investment, despite occasional clashes over boundaries in the South China Sea.

A high-ranking government official estimates that 7 to 16 percent of the country’s population is vulnerable to starvation amid declining domestic rice production.

The trade deficit with China hit US$1.7 billion in July, more than twice as high as a year earlier, driven by imports of mechanical equipment, electrical goods and vehicles.

Ebbing inflation aligns with anecdotes from businesses that consumers are pushing back against high prices, through bargain hunting, cutting back on purchases and trading down to lower-priced substitutes.

Japan's economy expanded by a much faster-than-expected annualized 3.1 percent in the second quarter, rebounding from a slump at the start of the year thanks to a strong rise in consumption and backing the case for another near-term interest rate hike.

In the first phase from 2024 to 2027, the government aims to acquire 62 new passenger train sets at an estimated cost of 10.7 billion ringgit ($2.4 billion) to be paid in installments over a 30-year lease period, Minister Anthony Loke told reporters. 

Industry association PHRI says hotels in East Kalimantan have reached full capacity following a surge in booking demand ahead of the planned Independence Day celebrations in Nusantara, but has also assured that the resulting rate increases would normalize afterward.

The World Economic Forum estimates that more than two-thirds of new value creation over the next decade could come from digitally enabled platforms, and the digital economy will reach $16.5 trillion and capture 17% of global GDP by 2028 for 14 countries across North America, Europe, APAC, and Latin America.

Fitch lowered Israel's rating from "A+" to "A".

Bahlil declined to provide details on the Japanese and South Korean companies he claimed were planning to invest in the project.

President-elect Prabowo Subianto has reiterated his commitment to the development of Nusantara as Indonesia’s future capital city.

The real estate market within Jakarta and its periphery area had remained robust as it is mainly driven by commercial considerations rather than external influences, such as Nusantara.