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The US Senate on Sunday moved forward on a measure aimed at reopening the federal government and ending a 40-day shutdown that has sidelined federal workers, delayed food aid and snarled air travel.
18 hours agoWhile the share of formal employment improved, analysts warned that many of these positions were short-term or contractual, offering little job security and potentially dampening worker morale and productivity. ...
23 hours agoThe national banking industry remains cautious about lending to micro, small and medium enterprises despite ongoing government efforts to expand credit issuance and boost the country’s economic growth. ...
1 day agoG20 finance ministers meeting in Washington on Thursday reaffirmed their desire to cooperate on taxing the super-rich, before a summit next month where taxes are expected to be a top priority.
1 year agoImporting liquefied natural gas (LNG) may be a costly and destabilizing strategy for emerging economies like Indonesia, undermining efforts to adopt renewable energy and achieve energy self-sufficiency, experts say.
1 year agoFor more than 155 years, HSBC has been financing trade in some of the most vibrant markets globally. The bank’s rich trade history is now a modern-day strength as it supports businesses to grow globally, make new connections, expand into new markets, and navigate an ever-changing landscape.
1 year agoFrom cars to logistics, German companies are largely optimistic about India's growth potential, tapping into a wealth of skilled young workers, a cheaper cost base and economic growth motoring at around 7 percent.
1 year agoThe deal paves the way to end a four-year military stand-off and improve political and business ties between the Asian giants, strained since a deadly border clash in 2020 that slowed exchanges of capital, technology and talent.
1 year agoPublic Housing and Settlements Minister Maruarar Sirait is considering the use of state-owned land, including seized plots and transit spots, for public housing as land acquisition has become a key concern for property development.
1 year agoBudi Santoso, who has been promoted from trade secretary-general to minister, is aiming to produce the IEU-CEPA during his first 100 days in office under a new target to conclude talks by the end of this year, the umpteenth deadline announced since negotiations on the deal began in 2016.
1 year agoThe newly appointed coordinating food minister is looking to the easternmost region of Papua to shore up the country’s scarcity of arable land and to bump up production to achieve food self-sufficiency.
1 year agoThe Energy and Mineral Resources Ministry is “reevaluating” its plan to enforce a moratorium on the construction of rotary kiln-electric furnace (RKEF) nickel smelters.
1 year agoThe World Bank aims to boost lending capacity by $30 billion over 10 years. The IMF cut surcharges, lowering the cost for the most overstretched borrowers by $1.2 billion annually.
1 year agoChina's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy.
1 year agoTenggara Strategics, in collaboration with the Centre for Strategic and International Studies (CSIS) Indonesia, hosted a public discussion and unveiled a study titled "The path of culture: Economic, social and environmental impacts," which highlights the vast contributions of Indonesia's rich cultural assets.
1 year agoThe United States on Friday reported a budget deficit of $1.8 trillion for the past year, widening from 2023's level on greater spending, including for interest on the public debt.
1 year agoWhile conceding that visitor numbers had not returned to pre-pandemic levels, the tourism ministry highlighted that it had surpassed this year's minimum target with 11.43 million arrivals until Oct. 1 and expressed optimism of reaching the maximum target of 14.3 million visitors by the year-end.
1 year agoA global social media trend encouraging people to rethink consumer culture and embrace a minimalist lifestyle is taking hold in Indonesia.
1 year agoIn his speech delivering the 2025 state budget (APBN) bill and its financial note at the House of Representatives plenary meeting, President Joko “Jokowi” Widodo said the 2025 state budget must further strengthen Indonesia's leap forward in order to escape the middle income trap, by utilizing the demographic bonus, continuing economic transformation, increasing investment attractiveness and creating more jobs.
1 year agoThe Indonesian steel industry has blamed a sharp rise in imports from China for plummeting sales at some domestic producers.
1 year agoThe state budget (APBN) cycle, a complex and comprehensive process from planning to accountability, plays an important role in outlining the government’s achievements and financial performance for the year.
1 year agoThe COVID-19 pandemic impacted all aspects of life globally in 2020, including the economic sector.
1 year agoEnergy and Mineral Resources Minister Bahlil Lahadalia completed his doctoral program in only one year and eight months, causing an uproar among University of Indonesia alumni.
1 year agoEurope's agriculture commissioner, who is currently on a state visit to Indonesia, suggests that smallholders must organize to increase productivity, add value and cut out the scourge of middlemen by taking a more prominent position in the agricultural supply chain.
1 year agoChina's economy grew slightly quicker than expected in the third quarter, but a prolonged property downturn and weak consumption remain a drag on activity, maintaining pressure on policymakers as they consider more stimulus steps to revitalize growth.
1 year agoIndonesia is one step closer to its goal of becoming an electric vehicle manufacturing hub after inaugurating its first lithium iron phosphate (LFP) factory earlier this month, but analysts say the country’s heavy reliance on Chinese investment in the industry could complicate efforts to sell the cathode material in Western markets.
1 year agoBappenas has drawn up two possible scenarios for the country to achieve incoming president Prabowo's plan to reach GDP growth of 8 percent, an entire percentage point higher than Jokowi's unattained target of 7 percent.
1 year agoChina said Thursday it would boost the credit available to the ailing property market by the end of the year and help renovate a million homes as unveiled its latest measures to shore up the struggling sector.
1 year agoMore than four years after the coronavirus pandemic wreaked havoc on international travel, Indonesia’s crucial tourist industry has yet to recover.
1 year agoSovereign sukuk (SBSN) has played an important role over the past decade of economic and infrastructure development in Indonesia. Also known as Islamic bonds, the sharia-based financing instrument is one effective solution that supports national development while fulfilling the principles of Islamic finance.
1 year agoBank Indonesia will keep eye on the Federal Funds Rate (FFR), US Treasury yields and the state of the ongoing Middle East conflict, among other indicators.
1 year agoMore than half of the world's electricity will be generated by low-emission sources before 2030 but the deployment of clean energy is "far from uniform" across the globe, the International Energy Agency said Wednesday.
1 year agoAfter a meeting with the president-elect in Jakarta on Monday, Sri Mulyani said Prabowo had asked her to serve as finance minister again.
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