An automotive industry executive says quick policy intervention is needed to stimulate demand in the lackluster car market.

Indonesia has generated Rp 48 trillion (US$2.86 billion) worth of investment in connection with the issuance of the Golden Visa, a special residency permit introduced last year to invite foreign investors to the country.  

With few vacancies on offer, young Indonesians are looking to enter the jobs market through the government’s new internship program, but will they find permanent employment at the end of it?  

Representing 40 percent of total plantation area, their challenges could limit the country’s ability to seize the export opportunities offered by the Comprehensive Economic Partnership Agreement (IEU-CEPA).

President Donald Trump on Thursday unveiled a fresh round of punishing tariffs on a broad range of imported goods, including 100 percent duties on branded drugs and 25 percent tariffs on heavy-duty trucks, set to come into force next week.

Duty-free access to the European Union market is supposed to help Indonesian micro, small and medium enterprises (MSMEs), but trade associations doubt it will be a panacea for boosting exports without tackling costs, compliance and capacity.

The CEPA, set to take effect in 2026, is expected to create a more predictable environment for investment in critical sectors such as clean technology, critical minerals and financial services.

The RCEP currently consists of China, Japan, South Korea, Australia, New Zealand and all ten members of the Association of Southeast Asian Nations. 

EDC allocated financing for Indonesia’s sovereign wealth fund, particularly for projects in priority sectors such as infrastructure, cleantech, renewable energy, as well as agriculture and food.  

The World Trade Organization continues to play an important role in global trade despite its reduced ability to settle disputes between countries in an increasingly protectionist world.

Greer was speaking in Kuala Lumpur at the start of a meeting with economic ministers from the 10-member Association of Southeast Asian Nations, amid concerns within the export-reliant bloc over the impact of US tariffs on their economies. 

Tariff rates have been set at 19 percent and 20 percent for most of the region. Laos and Myanmar have been hit with a 40 percent rate, while Singapore has a 10 percent tariff.

The focal points of debate and disagreement shifted repeatedly over the years, ranging from palm oil policy to taxation, deforestation and ever-changing trade regulations.

A webinar on Monday discussed some of the challenges facing the palm oil industry in the country, which was now the world's largest producer and consumer of the commodity.

The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump's tariffs, but their full impact remains uncertain, the OECD said Tuesday.

Bali, Batam, Bintan, Mandalika and Likupang are prime examples of areas projected to continue their growth as hubs for regional and international tourism.

The EU is Indonesia's fifth-largest trading partner with bilateral trade reaching $30.1 billion last year.

The Finance Ministry has unfrozen a large chunk of budget funds earmarked earlier this year for big-ticket flagship initiatives as spending on the free nutritious meal program has not scaled up as fast as anticipated.

The RCEP is seen as a potential buffer against tariffs imposed by US President Donald Trump's administration, though its provisions are considered weaker than some other regional trade deals due to competing interests among members.

A group of US lawmakers on a rare visit to Beijing told China's No.2 leader, Premier Li Qiang, that the world's two largest economies need to step up engagement and "break the ice" as both superpowers made further inroads into stabilizing ties.

The White House issued a major clarification Saturday to its new H-1B visa policy that had rattled the tech industry, saying a $100,000 fee will be a "one-time" payment imposed only on new applicants.

After the August unrest, the government has projected higher spending next year that aims to accelerate economic growth. Doubts remain on whether it can generate enough revenue to finance the plan.   

Following deadly protests and unrest that shook the country last month, the government has decided to increase total spending to Rp 3.84 quadrillion (US$232.4 billion), including an increase in regional spending to Rp 693 trillion.

Authorities have yet to trace the root cause of the radioactive contamination that prompted FDA action against Indonesian shrimp last month.

Celebrating Indonesia’s 80th Independence Day, Nestlé Indonesia partnered with Millennials Empowerment and the community of Buntu village, Central Java, to launch the #BersamaNestlé: Tanamkan Kebaikan, Ciptakan Manfaat (#TogetherWithNestlé: through goodwill, for impact) program in Dieng, Central Java.

Bank Indonesia reveals that Rp 2,372.1 trillion in approved bank loans remains unused as of August, warning that sluggish credit expansion, with just 7.56 percent year-on-year growth, could weigh on GDP growth.

Leading vegetable oil processor Apical Group has reinforced its commitment to balancing economic growth, community welfare and ecosystem conservation through its Sustainable Living Village (SLV) program.

The European Union and Indonesia have finalized a trade agreement to be signed next week in Bali, according to the government.

State-owned lenders have received 200 trillion rupiah ($12.2 billion) in government deposits redirected from Bank Indonesia to spur credit growth, but their top executives are unsure how to deploy the funds.

The country needs a balanced approach to growth that incorporates innovation, development and investment in targeting key value-added sectors to not just catch up with its regional peers, but to achieve its overarching goal in the Golden Indonesia 2045 vision.