The deal appears to take aim at what analysts have said are concerns in Washington about China's stranglehold on many critical minerals and the offshoring of Chinese companies' operations to countries like Indonesia.

Communications and Digital Minister Meutya Hafid noted that Indonesia’s AI adoption rate is among the highest in the region, though it mostly involves “entry-level” activity.

The accord sets a 19-percent tariff on Indonesian goods entering the United States. Jakarta is also to exempt US companies from local content requirements and address and prevent barriers to US agricultural products sold in Indonesia.

The US trade deficit widened sharply in December amid a surge in imports, despite President Donald Trump's tariffs on foreign manufactured merchandise, but most of the imports were capital goods, which should support business investment and keep expectations for strong economic growth intact.

The business deals, which form part of a planned bilateral trade agreement, would help narrow Indonesia’s trade surplus with the United States, Prabowo said.

Indonesian and US companies on Wednesday signed trade and investment deals valued at more than US$7 billion a day ahead of Indonesian President Prabowo Subianto's meeting with US President Donald Trump to sign a final trade deal, the US-ASEAN Business Council said.

Critics say the order could instead be filled through the domestic automotive industry, which is struggling with weak consumer demand.  

Inbound visitors totalled 3,597,500, the Japan National Tourism Organization (JNTO) said, falling for the first time since January 2022.

United States President Donald Trump's administration on Tuesday announced three projects valued at US$36 billion to be financed by Japan, including an oil export facility in Texas, an industrial diamonds plant in Georgia and a natural gas power plant in Ohio.

The government has issued a loosely-worded statement days ahead of the expected signing of a tariff agreement with the United States, following a weekend meeting at President Prabowo Subianto’s Hambalang estate in Bogor, West Java.

As an archipelagic country, Indonesia is endowed with diverse economic potential across regions, reflected in regional economic structures and export profiles.

Japan's economy limped back to meager growth in the fourth quarter, significantly missing market expectations in a key test for Prime Minister Sanae Takaichi's government as cost-of-living pressures drag on confidence and domestic demand.

Sellers of nian gao or kue keranjang in Glodok’s Chinatown area as well as parts of West and Central Java reporting softer sales compared to previous years.

President Prabowo Subianto has emphasized the need to be realistic in a speech on the Indonesian economy, where he promoted key initiatives of his administration to drive gross domestic product growth.

Cumulative sales in high-rise condos stood at just 56 percent last year in a continuation of a decade-long downward trend, while new launches remained subdued in a lackluster market.

European Union leaders agreed on Thursday on a wide-ranging set of commitments to improve how the bloc's border-free internal market works so Europe's businesses can be competitive and survive aggressive economic rivalry from the US and China.

According to "State of Global Islamic Economy Report 2024-2025", Indonesia is ranked third in the global Islamic economy, after Malaysia and Saudi Arabia.

President Prabowo Subianto held meetings with Indonesian business leaders at his private Hambalang estate, during which he stated his commitment to improving the ease of doing business.

Just under a week since he was sworn in last Thursday, the ex-Bank Indonesia deputy governor is setting his sights accelerated state spending this quarter to reach up to 5.6 percent growth from an initial 5.5 percent target.

The European Union has proposed unprecedented sanctions against Indonesia’s Karimun Port for handling Russian oil.

The retail sales index dipped slightly in January when compared with the holiday month of December but is up a strong 7 percent year-on-year.

Although formal job creation has improved, job quality, reflected in income stability, benefits and productivity, remains unequal.

State Secretary Prasetyo Hadi said on Monday that the government continued to adhere to fiscal rules and had not breached statutory deficit limits, stressing that budget management remained on a prudent footing.

Bulog’s planned warehouse in the Haj Village will also be used to store other food commodities from Indonesia, such as meat and fish, to meet the consumption needs of the haj pilgrims. 

The poverty rate rests at a historic low of 8.25 percent of the total population, continuing its declining trend from September 2022.

The former deputy finance minister, who also President Prabowo Subianto's nephew, replaced Juda Agung, who resigned as BI deputy governor on Jan. 13 and was inaugurated as deputy finance minister on Thursday.

Japanese stocks soared to record highs Monday after Prime Minister Sanae Takaichi's election triumph, but experts warned that the country's first woman leader could struggle to keep both voters and markets happy.

Data from the Manpower Ministry in January showed a 13 percent layoff increase in 2025 compared with the preceding year.

Economists interpret the rating agency’s latest assessment as a serious corrective signal, noting that a downgrade in Indonesia’s credit rating could sharply raise borrowing costs and pile pressure on the rupiah.

In what appears to be a coordinated role swap, the President has appointed a former BI deputy governor to fill the deputy finance minister post left vacant by his nephew Tommy Djiwandono, who is set to take up his new job as BI deputy governor.