The Asian Development Bank (ADB) said on Friday it has approved a US$500 million policy-based loan to fund a program designed to help Indonesia's energy transition efforts.

This year, the ministry expects geothermal developers will realize US$664 million of investment, a figure that would bring the total realized geothermal investment in the last decade to $5.4 billion.

Kadin is currently split into two, after one faction held a disputed extraordinary congress in Jakarta on Saturday to appoint Anindya Bakrie the organization’s chair.

Indonesia's palm oil exports are expected to decline in 2024 due to increased domestic consumption because of a higher biodiesel blending mandate and a slight decrease in production, an industry official told Reuters on Thursday.

The figure is almost four times the 660-megawatt (MW) capacity of the plant that the government has chosen to phase out by December 2035, more than 15 years before the end of its potential operational life.

Investment Minister Rosan Roeslani said he is pushing for the establishment of additional green industrial zones to ensure Indonesia can compete with neighboring countries in attracting foreign investment.

Non-oil and gas exports surged 8.14 percent year-on-year (yoy), while oil and gas exports decreased by 8.73 percent yoy.

The Energy and Mineral Resources Ministry is aiming to convert more former coal and mineral mines into solar power projects to boost renewable electricity generation.

ASEAN has eliminated tariffs on almost all products, comprising 98.6 percent of all tariff items, and is continuing to refine the ASEAN Single Window Tax Notification System, in order to reduce trade costs and facilitate business in the region.

Experts have called for caution over the government's ambitious plan to import dairy cattle in its push to achieve milk self-sufficiency as part of efforts to support Prabowo's flagship free meal program, pointing to existing challenges including livestock and disease management as well as smallholder well-being.

An extraordinary national congress decided on Saturday that Bakrie & Brothers CEO Anindya be sworn in as a new Kadin chairman on Monday, but the current leadership says the process violates the business group’s rules.

The move could lift edible oil prices and dampen demand and subsequently reduce overseas purchases of palm oil, soyoil and sunflower oil.

Beijing faces looming demographic crisis and an older population

President-elect Prabowo Subianto plans to launch a green economy fund by selling carbon emission credits from projects such as rainforest preservation, aiming to raise US$65 billion by 2028, an adviser told Reuters.

It is the first phase of the construction of a 87 km line connecting Balaraja in Banten and Cikarang in West Java. The next phase is scheduled to begin in 2033.

Indonesia’s vision of achieving fast GDP growth to become a high-income economy by 2045 requires massive investment in human capital, but the rise of the gig economy could get in the way.

Retail sales show a significant upward trend in August on a rise in consumer confidence attributed to Independence Day celebrations, according to preliminary BI data, notwithstanding weakening manufacturing sector activity.

Around 20 percent of industrial value creation in Germany is under threat, according to a study published by the business association BDI on Tuesday.

China's exports jumped in August but imports fell well short of expectations, data showed Tuesday, as the country's leaders struggle to boost consumption in the world's second-largest economy.

An Energy and Mineral Resources Ministry official says the government is banking on hydropower, which can generate baseload electricity, to be the main renewable energy source as the country looks to reduce reliance on coal-fired power plants.

Three years ago, the leader of the Central American nation took a huge gamble when he put bitcoin into legal circulation in a bid to revitalize El Salvador's dollarized, remittance-reliant economy.

Middle-class Indonesians in Jakarta say they are struggling to achieve financial security as the daily necessities associated with urban lifestyles press hard against their monthly income, a perception borne out by new government statistics.

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said that the economies of developing countries must still grow, while they pursued emissions reduction.

Data released by Statistics Indonesia (BPS) on Monday shows that 126,100 Chinese tourists visited Indonesia in July, marking the highest figure since the border opened for Chinese outbound travel in 2023.

The government and House of Representatives Budget Committee have slashed planned energy subsidies for next year by Rp 1.12 trillion (US$72.26 million), or 0.54 percent of the allocation proposed in the 2025 draft state budget (RAPBN), because of the rupiah’s appreciation.

Workers have seen their slice of the global income pie shrink significantly over the past two decades, swelling inequality and depriving the combined labor force of trillions, while capital income concentrates ever more among the wealthiest.

The IINTOA says the current mpox outbreak has not led to any canceled travel plans to Indonesia, but also noted that many travelers and tour operators seemed unaware of government curbs to prevent the disease's spread.

The IAF 2024 concluded on Tuesday with a swath of new deals worth billions inked between Indonesian and African businesses, both public and private, led by deals in the energy sector totaling $1.5 billion and the food sector contributing $1.2 billion.

China said on Tuesday it plans to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak.

Indonesia’s manufacturing purchasing managers' index (PMI) points to further contraction in factory activity in August on the back of diminishing sales, forcing some firms to reduce their workforces despite their hopes for the coming year.