Analysts had been divided on whether the BoJ would hike rates, with some predicting policymakers would wait until the autumn because of sluggish consumption in Japan.

A business association warns that, without government involvement to solve the upstream problems, a lack of supply will hurt the overall marine and fisheries sector, which is crucial for employment and rural development in Indonesia.

Luhut said he would be discussing plans for EV cooperation with African countries at the Indonesia-Africa Forum in September .

South Korea has surpassed the US and Japan to become the third-largest foreign direct investor in Indonesia as two Seoul-based companies kickstarted the archipelago’s first electric vehicle (EV) battery plant.

The safety of a nation heavily relies on the government that protects it. Based on Indonesia’s archipelagic nature, the seas that surround its islands must be prioritized.

Tourism and Creative Economy Minister Sandiaga Uno said the price reduction would help regions where airline tickets were more costly than average, particularly destinations in eastern Indonesia and Sumatra.

The issue of national food security has become increasingly concerning, with skyrocketing food price inflation amid overall low inflation and a rising amount of rice imports. In response, the government has started many initiatives, including extending fixed prices of natural gas for fertilizer, and increasing the budget for the fertilizer subsidy to strengthen the nation’s food security.

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan says the government has decided to designate the Batang Integrated Industrial Zone (KITB) as a special economic zone (SEZ).

The cost of funds would continue rising through the end of the year as lenders keep offering higher interest rates to attract customers, risking their profit margins.

The Energy and Mineral Resources Ministry has admitted that the 5 percent bioethanol (E5) gasoline program has fallen far behind schedule.

The groundbreaking is expected to take place in Central Parkir Kuta, which will also serve as the management office responsible for operating the system.

The National SEZ Council says the government has received proposals to establish seven new SEZs, including one in East Kalimantan near the nation's future capital Nusantara.

Growth in euro zone business activity stalled this month as a tepid expansion in the bloc's dominant services industry failed to offset a deeper downturn among manufacturers, a survey showed on Wednesday.

The local climate may not be suitable for milk production as cows living in tropical climate countries typically produce less milk than in subtropical regions like Europe or parts of Australia.

There is a chance that the construction of the VVIP Airport in IKN will be delayed. The update on the delay of the airport construction was announced by Air Transportation director general Maria Kristi Endah Murni on Tuesday.

Many middle-income earners are opting to delay buying new cars to prioritize other needs, while some consider purchasing used cars.

British prime minister stresses importance of fighter jets amid defense review.

The transition team of president-elect Prabowo Subianto has denied a plan to slash the price per serving for the flagship free meal program, stressing that no decision has been made yet.

Geopolitical fragmentation and protectionism also topped the list of worries for the coming decade for 86 percent of respondents.

Aside from easing local content rules, the government's EV investment scheme compels foreign makers to make good on their promise to build local factories, a senior official says.

Despite living in the world’s fastest-growing major economy, many Indians are grappling with an uncertain employment market where job opportunities, let alone job security, are hard to come by.

For ultra-wealthy entrepreneur Bassim Haidar, living in London has become an expensive indulgence he can no longer justify. While new British Prime Minister Keir Starmer settles into No. 10 Downing St, Haidar is searching for homes in Greece and Monaco, because a proposed inheritance tax revamp will make Britain a 'no go' zone for the rich, he says.

Hong Kong is adopting a targeted approach to attract representative and high-potential strategic enterprises from around the globe to set up or expand their businesses in Hong Kong. The Office for Attracting Strategic Enterprises (OASES) was established in 2022, providing bespoke offerings and tailor-made plans that cover aspects such as land and financing to attract strategic enterprises from four major industries, namely life and health technology; artificial intelligence and data science; financial technology; and advanced manufacturing and new-energy technology.

Joany, a small but agile K-9 jagdterrier currently on duty at the Batam Customs and Excise Office’s K-9 Unit, has performed well.

President Joko “Jokowi” Widodo has appointed two members of president-elect Prabowo Subianto’s inner circle as deputy ministers of finance and agriculture in a move experts say is aimed at ensuring a smooth transition to the incoming administration but may pose risks to the economy.

Indonesia's outgoing President Joko Widodo will appoint Thomas Djiwandono, the nephew of president-elect Prabowo Subianto and his adviser for fiscal issues, as a deputy finance minister later on Thursday, two sources said.

Mulyono, head of the Agriculture Ministry’s food crop processing group, said on Tuesday that it aimed to increase food production next year to accommodate increased consumption from the flagship program.

China still has plenty of appetite for official gold purchases despite pausing in May and June, as its bullion holdings remain low as a share of reserves and geopolitical tensions persist, according to a policy insider, industry experts and data.

The global economy is set for modest growth over the next two years amid cooling activity in the US, a bottoming-out in Europe and stronger consumption and exports for China, but risks to the path abound, the International Monetary Fund said on Tuesday.

Despite the increased shipments of petroleum products to meet rising domestic demand, Indonesia still posted a trade surplus in June, the 50th in a row.