The deal paves the way to end a four-year military stand-off and improve political and business ties between the Asian giants, strained since a deadly border clash in 2020 that slowed exchanges of capital, technology and talent.

Public Housing and Settlements Minister Maruarar Sirait is considering the use of state-owned land, including seized plots and transit spots, for public housing as land acquisition has become a key concern for property development.

Budi Santoso, who has been promoted from trade secretary-general to minister, is aiming to produce the IEU-CEPA during his first 100 days in office under a new target to conclude talks by the end of this year, the umpteenth deadline announced since negotiations on the deal began in 2016.

The newly appointed coordinating food minister is looking to the easternmost region of Papua to shore up the country’s scarcity of arable land and to bump up production to achieve food self-sufficiency.

The Energy and Mineral Resources Ministry is “reevaluating” its plan to enforce a moratorium on the construction of rotary kiln-electric furnace (RKEF) nickel smelters.

The World Bank aims to boost lending capacity by $30 billion over 10 years. The IMF cut surcharges, lowering the cost for the most overstretched borrowers by $1.2 billion annually.

China's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy.

Tenggara Strategics, in collaboration with the Centre for Strategic and International Studies (CSIS) Indonesia, hosted a public discussion and unveiled a study titled "The path of culture: Economic, social and environmental impacts," which highlights the vast contributions of Indonesia's rich cultural assets.

The United States on Friday reported a budget deficit of $1.8 trillion for the past year, widening from 2023's level on greater spending, including for interest on the public debt.

While conceding that visitor numbers had not returned to pre-pandemic levels, the tourism ministry highlighted that it had surpassed this year's minimum target with 11.43 million arrivals until Oct. 1 and expressed optimism of reaching the maximum target of 14.3 million visitors by the year-end.

A global social media trend encouraging people to rethink consumer culture and embrace a minimalist lifestyle is taking hold in Indonesia.  

In his speech delivering the 2025 state budget (APBN) bill and its financial note at the House of Representatives plenary meeting, President Joko “Jokowi” Widodo said the 2025 state budget must further strengthen Indonesia's leap forward in order to escape the middle income trap, by utilizing the demographic bonus, continuing economic transformation, increasing investment attractiveness and creating more jobs.

The Indonesian steel industry has blamed a sharp rise in imports from China for plummeting sales at some domestic producers.

The state budget (APBN) cycle, a complex and comprehensive process from planning to accountability, plays an important role in outlining the government’s achievements and financial performance for the year.

The COVID-19 pandemic impacted all aspects of life globally in 2020, including the economic sector.

Energy and Mineral Resources Minister Bahlil Lahadalia completed his doctoral program in only one year and eight months, causing an uproar among University of Indonesia alumni.  

Europe's agriculture commissioner, who is currently on a state visit to Indonesia, suggests that smallholders must organize to increase productivity, add value and cut out the scourge of middlemen by taking a more prominent position in the agricultural supply chain.

China's economy grew slightly quicker than expected in the third quarter, but a prolonged property downturn and weak consumption remain a drag on activity, maintaining pressure on policymakers as they consider more stimulus steps to revitalize growth.

Indonesia is one step closer to its goal of becoming an electric vehicle manufacturing hub after inaugurating its first lithium iron phosphate (LFP) factory earlier this month, but analysts say the country’s heavy reliance on Chinese investment in the industry could complicate efforts to sell the cathode material in Western markets.

Bappenas has drawn up two possible scenarios for the country to achieve incoming president Prabowo's plan to reach GDP growth of 8 percent, an entire percentage point higher than Jokowi's unattained target of 7 percent.

China said Thursday it would boost the credit available to the ailing property market by the end of the year and help renovate a million homes as unveiled its latest measures to shore up the struggling sector.

More than four years after the coronavirus pandemic wreaked havoc on international travel, Indonesia’s crucial tourist industry has yet to recover.

Sovereign sukuk (SBSN) has played an important role over the past decade of economic and infrastructure development in Indonesia. Also known as Islamic bonds, the sharia-based financing instrument is one effective solution that supports national development while fulfilling the principles of Islamic finance.

Bank Indonesia will keep eye on the Federal Funds Rate (FFR), US Treasury yields and the state of the ongoing Middle East conflict, among other indicators.

More than half of the world's electricity will be generated by low-emission sources before 2030 but the deployment of clean energy is "far from uniform" across the globe, the International Energy Agency said Wednesday.

After a meeting with the president-elect in Jakarta on Monday, Sri Mulyani said Prabowo had asked her to serve as finance minister again.

Micro, small and medium enterprises (MSMEs) hold a vital role in the national economy, becoming a backbone of economic stability, and have proven to be resilient in the face of crises such as the COVID-19 pandemic. MSMEs dominate economic growth by contributing around 60.5 percent of gross domestic product and absorbing 96.9 percent of the total workforce. Therefore, the government continues to encourage the MSME sector through various policies and programs that are expected to advance the sector so that it can participate in the global value chain.

According to Investment Minister Rosan Roeslani, data center providers have shown interest in Indonesia but backed off because of a lack of renewable energy and opted to invest in Malaysia instead.

In the last 10 years, the Indonesian economy has been one of the best-performing economies in the world, with average annual economic growth of above 5 percent, controlled inflation and a positive fiscal deficit as a result of effective consolidation.

Over the last decade, Indonesia has successfully integrated development across various sectors nationwide, with the government ensuring that the development agenda runs well and has a positive impact on society. Despite many challenges ranging from global economic turmoil, geopolitical tensions and pandemics to climate issues, the government has been consistently present in reaching all levels of society.