Top economic officials from the US and China are due to arrive in Kuala Lumpur on Friday for talks to prevent a trade war escalation and keep next week's meeting between US President Donald Trump and Chinese President Xi Jinping on track.

The administration of President Prabowo Subianto has secured multiple trade agreements in its maiden year, partly thanks to the global pressure of an increasingly protectionist United States, but in bilateral talks with the US itself, Indonesia gave much and got little.

Agriculture Minister Amran Sulaiman projects Indonesian exports soaring to Rp 2.4 quadrillion as the government accelerates downstream processing of coconuts and other key commodities.

Presidents of the two countries witnessed the signing of agreements on oil, gas, electricity, technology, mining and agriculture, coming several months after US President Donald Trump imposed a tariff rate of 19 percent on imports from Indonesia under a new pact, and a 50-percent tariff on Brazilian products.

"As agreed by both China and the United States... vice premier He Lifeng will lead a delegation to Malaysia from October 24 to 27 and hold economic and trade talks with the United States," Beijing's commerce ministry said in a statement.

While the government’s call for unity resonates, experts and business leaders caution that the state-centric approach may stifle market forces unless accompanied by reforms to lower economic costs and strengthen the rule of law.

Oil lifting has surpassed the target started in the state budget for the first time since 2008, Energy Minister Bahlil Lahadalia announced, citing rising production and new measures to legalize tens of thousands of community-run oil wells.

The President envisions all top-level government officials switching to domestically produced cars to foster national pride, support the local automotive industry and reduce dependence on imported vehicles.

Amid the slowdown in financing growth this year, the multifinance industry needs to find new strategies that can adapt and innovate with current conditions to stay both competitive and relevant.

The Chinese government has made a statement regarding the debt of the Jakarta-Bandung high-speed rail (HSR) service Whoosh, saying its benefits go beyond key financials.

Reaffirming its support for local businesses looking to expand into the global market, Indonesia Eximbank/Indonesian Export Financing Agency (LPEI) recently organized a business forum on how to enter the BRICS market.

The President ordered authorities to step up enforcement earlier this month in islands rich in the metal used in everything from electronics to making glass.

China's economic growth slowed to the weakest pace in a year in the third quarter, as a property crisis and trade tensions hurt demand, leaving policymakers with the daunting challenge of rebalancing GDP drivers towards greater consumption over time.

The government must zero in on strengthening manufacturing, cutting logistics costs, ensuring legal certainty and preserving fiscal credibility if it wants to turn the President's 8 percent growth dream into reality, experts say, and perhaps kill the free meals program..

Star Wars: Starfighter is filming in Britain, soundstages in Hungary are packed and post-production houses in Australia are humming, as the global film industry keeps rolling despite US President Donald Trump’s renewed threats to impose tariffs on movies made outside of the United States.

English winemakers are betting that surging exports can sustain their once novelty product after domestic sales growth slowed, hoping for a boost from Britain's warmest summer on record this year as climate change optimized conditions.

Investment growth slowed in the third quarter as foreign direct investment (FDI) logged its steepest annual drop in five years, while domestic investors continued to sustain the gains.

Canberra has officially revoked the antidumping duty (BMAD) on clear float glass products from Indonesia, opening a new chapter for exporters, after an Australian competitor ceased production.

The president pledged to strengthen oversight, introduce stricter sanitation procedures and invest in new kitchen equipment and water filters amid reports of food poisoning in the free meals program.

Canadian leaders said Wednesday that Jeep-maker Stellantis's decision to invest US$13 billion in the United States threatens Canadian jobs, urging action to counter what they called another casualty of President Donald Trump's trade war.

The finance minister said the funds have not been allocated yet, so there was no real money to be returned, while urging better absorption in the free meals program.  

Decisions by most countries to not retaliate against US President Donald Trump's tariffs are among the top factors bolstering the global economy's resilience, IMF Managing Director Kristalina Georgieva said on Tuesday.

The landmark Indonesia-EU CEPA signals potential benefits for both sides and particularly wider and more certain market access for Indonesia.

The United States and China on Tuesday will begin charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world's two largest economies.

The latest rupture followed China's announcement on Thursday that it would dramatically expand its rare earths export controls. That drew a sharp countermeasure from Trump on Friday that sent markets and relations between the world's two largest economies into a spiral.

The government has launched a drive to increase productivity as Indonesia’s labor productivity remains among the lowest in Southeast Asia, threatening long-term growth. Experts warn that red tape, weak incentives and regional disparities undermine the competitiveness of local companies.

President Prabowo Subianto has dismissed Arief Prasetyo Adi from his post at the helm of the National Food Agency (Bapanas) and appointed Agriculture Minister Andi Amran Sulaiman as his replacement.

The government has promised strong gross domestic product growth for the remainder of this year and onward as it expects higher consumption, underpinned by increased private sector activity and government spending.

Kadin has pointed to carbon markets as one of four key areas, while BloombergNEF notes the country's potential to become a net exporter of forestry credits to offset carbon emissions.

The White House said Friday it had begun mass layoffs of federal workers as President Donald Trump sought to amp up pressure on opposition Democrats to end a government shutdown that has crippled public services.