The Finance Minister revealed that the fiscal deficit in January was at 0.21 percent of GDP, which he said was “very much under control and totally within the design corridor of the 2026 state budget”.

The European Commission called Sunday for Washington to abide by the terms of the trade deal struck last year with the EU, as President Donald Trump announced new global tariff hikes a day after an adverse Supreme Court ruling.

During a meeting with the House of Representatives on Feb. 10, Public Housing and Settlements Minister Maruarar Sirait revealed that the Meikarta land has been granted for free by Lippo Group to the government.

The court's ruling invalidated a number of tariffs that the Trump administration had imposed on Asian export powerhouses from China and South Korea to Japan and Taiwan, the world's largest chip maker and a key player in tech supply chains.

Trump's talks with Chinese President Xi Jinping on an extended visit to Beijing had been expected to revolve around extending a trade truce that kept both countries from further hiking tariffs.

By itself, the ruling is estimated to chop the trade-weighted average US tariff almost in half from 15.4 percent to 8.3 percent. Yet no one expects this to remain the status quo: the Trump administration has said that it can and will use other legal vehicles to reimpose tariffs.

While the conservative-majority Supreme Court ruled that Trump was not authorized by the International Emergency Economic Powers Act (IEEPA) to impose tariffs, the ruling does not impact sector-specific duties that Trump has imposed on imports of steel, aluminum and various other goods.

The US Supreme Court has struck down President Donald Trump’s sweeping tariffs that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major implications for the global economy.

The affected rules include local content requirements, a critical mineral export ban, halal certification and a digital tax moratorium, all of which are intended to support domestic businesses.

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.