The United States lost its last triple-A credit rating from a major agency Friday as Moody's announced a downgrade, citing rising levels of government debt and dealing a blow to Donald Trump's narrative of economic strength and prosperity.

Fostering a positive work environment, offering clear career paths and investing in training programs are crucial to boosting employee engagement and long-term retention, experts say.

During the two-day 2025 APEC trade ministers' meeting, Indonesia called for the reinstatement of the paralyzed WTO Appellate Body and for APEC members to defend the multilateral trading system amid growing protectionism.

The government has postponed the release of monthly trade for April, which should have revealed the impact of new US import tariffs on Indonesian exports, mere hours before it was supposed to be published.

The Asia-Pacific Economic Cooperation (APEC) grouping warned on Thursday that exports in the region will barely grow this year amid the onset of United States tariffs, as the US and Chinese trade representatives met on the sidelines of the gathering.

The government views the ceasefire in the trade war between the world’s two largest economies as an opportunity to demand open and fair trade in its own negotiations with a highly protectionist US administration.

“This new office is more than just a building. It represents years of hard work under the SMILE program. It will serve as a hub for cooperative activities, a place where we gather, learn and continue to grow together.”

The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, an outcome President Donald Trump dubbed a "total reset" as he said talks with counterpart Xi Jinping could soon follow.

Multifinance companies have recorded continuing decline in yoy growth over the first three months to 4.6 percent in March, primarily due to sluggish first-quarter car sales of just 256,368 units, down 2.9 percent compared to the same period last year.

The United States and China on Sunday said progress had been made after a weekend of talks aimed at de-escalating trade tensions sparked by President Donald Trump's aggressive tariff rollout.

Investors are hopeful that US-China trade talks this weekend will cool a trade war between the world's two largest economies and dispel some of the uncertainty clouding financial markets, though few expect a major breakthrough just yet.

Research by state-owned lender Bank Mandiri shows that intra-provincial travel, or trips within the same province, jumped 45.9 percent in 2024, reversing the trend seen in 2022 and 2023 when longer journeys dominated.

Consumer confidence in Indonesia has improved slightly but remains at a low level, with an April survey by the central bank showing respondents more positive on the current state of the economy, even as they expect worse times to lie ahead.

China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a grueling trade war with its superpower rival.

The energy minister has announced a plan to stop importing refined fuels from Singapore, and instead procure the commodity from Middle Eastern countries.

Indonesia shaved US$4.6 billion off its foreign exchange (forex) reserves in April as the government serviced foreign debts and the central bank intervened in the market to stabilize the rupiah’s exchange rate amid the tariff turmoil.

Given a recent decline in Indonesia’s economic growth and unfavorable global circumstances, pushing gross domestic product (GDP) growth toward the targeted 8 percent rate could lead to imprudent fiscal spending, a think tank has warned.

Since its launch, Indonesia’s newly established sovereign wealth fund, Danantara, has captured national imagination with promises so grand that they border on the unbelievable. Heralded as one of the world’s largest sovereign wealth funds and positioned as the engine of a sweeping economic revolution, Danantara’s narrative has inflated expectations to levels that may ultimately prove impossible to meet.

Donald Trump will announce a trade deal with the United Kingdom on Thursday, US media has reported, after the president touted a "major" upcoming agreement on social media.

The latest BPS report indicates that unemployment fell to a record low of 4.76 percent in February, but the KSPI and a think tank analyst have pointed to discrepancies with real conditions on the ground, especially regarding layoff data.

Retail industry representatives have urged the government to hand out shopping vouchers to consumers to boost people's spending power and thereby stimulate economic growth.

To overcome operational inefficiencies and data security risks, renowned building materials company Solusi Bangun Beton partnered with Standard Chartered to implement a digital payments platform that streamlines transactions and improves customer experience.

The TKDN policy has become a strategic issue in Indonesia's economic development. On the one hand, it serves as a crucial tool for promoting national industrial growth. On the other hand, it can lead to inefficiencies and reduce the competitiveness of domestic industries.

Economic growth in Prabowo Subianto’s first full quarter as president has touched the slowest pace since the coronavirus pandemic as the Ramadan boost failed to significantly jack up consumer spending and investors fretted about global uncertainty while government spending contracted.

The national economy grew 4.87 percent in the first quarter from a year earlier, its weakest growth rate in more than three years, official data showed on Monday, compared with a 4.91 percent growth rate expected by analysts in a Reuters poll.

President Prabowo has promised to form a layoff task force to prevent arbitrary dismissals of employees and ensure companies adhere to fair labor practices, as demanded by workers attending the May Day rallies.

Indonesia’s manufacturing Purchasing Managers’ Index (PMI), the key gauge of factory activity in the country, has touched its lowest point since the coronavirus pandemic.

Higher demand for coffee and gold drove April's 1.95 percent rise in CPI, according to BPS, with the prices of the two commodities recording global highs in recent months due to external factors such as climate impacts and geopolitical tensions.

The United States has approached China to seek talks over Trump's 145 percent tariffs and Beijing's door was open for discussions, the commerce ministry said.

In its monthly update for March, the Finance Ministry said state revenue had fallen 17 percent in the first three months of this year compared to the first quarter last year amid weaker corporate earnings.