Recovery continued to elude the four-wheel vehicle market in the January-June period amid ongoing weak consumer demand, with local multi-finance companies, which typically rely on car loans, posted modest year-on-year growth of 2.8 percent in May.

Lula made the remarks during talks with President Prabowo Subianto.

Trump said he would “consider an adjustment” if Indonesia eliminates its tariff and nontariff barriers.

Retail sales and consumer confidence saw slight improvements in June according to preliminary RSI data, which attributed the uptick to "seasonal factors” including Idul Adha and the school holiday.

In May, BI revised down its projection for loan growth this year, from 11–13 percent to 8–11 percent.

Indonesia has yet to secure lower tariffs from the United States despite a range of concessions it put on the table. Experts caution that striking a trade deal may be “too complex” a task.

In a letter dated Monday and posted on Donald Trump’s Truth Social account, the United States president said the measure was needed to correct “very persistent” trade imbalances that he blamed on Indonesian tariff and nontariff trade barriers.

Jakarta has also pledged to step up its energy and merchandise imports to close the trade gap.

Conceived two decades ago as a forum for fast-growing economies, BRICS has come to be seen as a Chinese-driven counterbalance to US and western European power.

Coordinating economic minister Airlangga Hartarto, the country's main negotiator in tariff talks with the United States, is scheduled to go to the US on Monday, an official told Reuters.

The House Budget Commit has green-lit the Finance Ministry's recommended SAL drawdown to shore up shortfalls as a result of earlier-than-expected fiscal pressures due to stuttering disbursement for the government's big-ticket flagship programs.

The draft summit declaration does not mention the United States or its president by name. But it is a clear political shot directed at Washington from 11 emerging nations, including Brazil, Russia, India, China and South Africa. 

The strong growth figure comes just days after Vietnam averted the most punishing of United States President Donald Trump's threatened "reciprocal" tariffs on its exports.

The island province, long known for its sandy beaches, terraced rice farms and unique temple culture, is still struggling to find a way to ramp up its agriculture industry and move away from its reliance on tourism as the key economic contributor.

In the first half of this year, the government collected Rp 1.2 quadrillion, the lowest mid-year figure in three years and 9 percent below the same period in 2024.

Batam’s close geographical proximity to Singapore and Johor, Malaysia could lead to lower transportation and logistics costs.

Contraction comes from entrenched domestic orders, scaled back hiring of local firms.

On an annual basis, headline inflation climbed to 1.87 percent, up from 1.6 percent in May.

Despite ongoing trade talks in view of Trump's looming tariffs, the United States still contributed the most to Indonesia’s surplus in the January-May period this year, even jumping 31 percent to $7.08 billion compared to last year's figure.

US President Donald Trump wrote in a social media post that Japan's reluctance to import American-grown rice was a sign that countries have become "spoiled with respect to the United States of America."

Indonesia’s milk production currently only covers 21 percent of total national demand, leaving a deficit of 4.6 million tonnes per year.

The Group of Seven nations said Saturday they have agreed to exempt US multinational companies from a global minimum tax imposed by other countries -- a win for President Donald Trump's government, which pushed hard for the compromise.

The US Federal Reserve's preferred inflation measure logged a mild uptick Friday while spending weakened, triggering another tirade by President Donald Trump against the central bank chair for not cutting interest rates sooner.

US President Donald Trump abruptly cut off trade talks with Canada on Friday over its tax targeting US technology firms, saying that it was a "blatant attack" and that he would set a new tariff rate on Canadian goods within the next week.

"It is hoped that the United States and China will meet each other halfway," a spokesperson for the commerce ministry said in a statement.

The President launched 50 renewable power plants and five renewable projects nationwide on Thursday, including 47 solar plants to electrify around 5,600 villages that still lack access to power.

The program will begin with 20.4 hectares of shrimp ponds in the regencies of Bekasi, Karawang, Subang and Indramayu in West Java, with a bulk of the funding coming from the state-run asset fund.

Caught in a trade war with the US and European Union that threatens to derail a fragile export-led recovery, Chinese has emphasized ties with Southeast Asia, which last year overtook the EU to become the $19 trillion economy's top export market.

Indonesia's mineral downstream policy needs a clear shift in strategy to escape the low-value dominance trap so that instead of being a facilitator of foreign-led extraction, the country can be a curator of complete industrial ecosystems and emerge as a leader in the global supply chain.

The government says it is in talks with potential investors to ensure that the project is "market-ready."