Indonesia’s current account deficit will widen past pre-pandemic levels in the coming years as foreign companies repatriate profit and as the trade balance deteriorates, the World Bank has projected.

The government sought to support travel and hospitality businesses with more international flights last year, but the sector has yet to see a full recovery from the coronavirus pandemic. There’s hope among tourist industry stakeholders that 2025 will finally bring a rebound.  

Indonesia’s consumer price index (CPI) rose 1.57 percent over the course of 2024, marking the slowest yearly increase since Statistics Indonesia (BPS) first published the economic indicator more than 60 years ago.

Optimism is rising among Indonesian manufacturers, as reflected in growth of output and new orders leading up to the turn of the year.

Singapore's economy beat forecasts to grow 4 percent in 2024 despite a slowdown in the fourth quarter, preliminary government data showed on Thursday.

Russia's gas transit to Europe via Ukraine stopped on Wednesday, Moscow and Kyiv said, ending a decades-long arrangement and marking the latest casualty of the war between the neighbors.

The Agriculture Ministry and the Public Works Ministry have identified around 2 million hectares of land that will be irrigated for the food self-sufficiency program.

As part of its ongoing commitment to the environment, PT Nestlé Indonesia is steadfast in its efforts to distribute 5,000 school benches crafted from postconsumer recycled plastic. In the initial stage, a total of 720 recycled benches will be thoughtfully allocated to 72 elementary schools across DKI Jakarta, Pringsewu Regency, Tanggamus Regency, Bandar Lampung City, Sukabumi Regency, and Karawang Regency. This initiative serves as a testament to PT Nestlé Indonesia's ongoing commitment to fostering a greener future and promoting responsible waste management practices.

PT Nestlé Indonesia has won the silver award in the "Best Practice in Creating Shared Value" category in the 2024 Indonesia Corporate Sustainability Award, showcasing its commitment to creating shared benefits through partnerships with dairy farmers. 

The reduction of stunting in toddlers is a priority for Indonesia as the problem becomes increasingly prominent in society. The national target in 2024 is to reduce the prevalence of stunting by 14 percent.

China's manufacturing activity expanded in December for the third month in a row, official data showed Tuesday, as leaders fight to reverse a slowdown in the world's number two economy.

An independent smallholder group from Indonesia has been recognized by the Roundtable on Sustainable Palm Oil (RSPO), becoming a Newly Certified Independent Smallholder Group for 2023/2024.

“Stop prodding at the finance minister,” the President joked.

The government maintains that the economic situation remains under control, despite warnings from businesses and analysts.

Carmakers maintain they can still aim to sell 1 million units of new vehicles next year, despite a revised 2024 target to 850,000 vehicles from 1 million.

Lawmakers have suspended the debt ceiling, a limit on government borrowing to pay for bills already incurred, until Jan. 1 next year, paving way for a new limit to be set on Jan. 2 matching the amount of debt issued by the Treasury Department.

Travel businesses have low expectations for this year’s Christmas and New Year season as weak spending power and people’s concern over an impending tax hike may put the brakes on any extra trips.

The establishment of Daya Anagata Nusantara (Danantara) as both a superholding agency for Indonesia’s state-owned enterprises (SOEs) and an investment management agency has raised questions among investors due to its unclear scope and legal basis.

Canada's new finance minister Dominic LeBlanc and Foreign Affairs Minister Melanie Joly will meet aides to US president-elect Donald Trump in Florida on Friday to discuss the risks of imposing new trade tariffs, the Canadian government said.

China revised upwards its 2023 gross domestic product (GDP) by 2.7 percent to 129.4 trillion yuan (US$17.73 trillion), a top statistics official said on Thursday, while the World Bank raised its forecast for China's economic growth in 2024 and 2025.

Seafood trade is expected to be on the agenda on Wednesday as Japan's foreign minister visits China, Japan's largest export market for aquatic products until Beijing banned them in protest against Tokyo releasing treated radioactive wastewater into the ocean.

For regions where fresh milk is hard to come by, protein and calcium substitutes, such as eggs and moringa leaves, will replace milk to meet nutritional goals.  

China will raise its deficit in order to boost spending next year, its finance minister said Tuesday according to state media, as Beijing looks to prop up its struggling economy.

The investment minister has rustled up $7.46 billion in investment commitments during his China visit last week for a variety of projects, from plastics to power, in line with the government's overarching aim to reach food and energy security.

While the outlook for the tourist sector remained positive in 2024, the Tourism and Creative Economy Ministry is gearing up to carry out new superior programs to foster quality tourism and meet the 2025 tourism target.

Days before Christmas, retailers have expressed the hope for solid sales during the year-end festive season.

As of the end of 2024, Indonesia's economy remains solid, demonstrated by a growth rate still above 5 percent, with a cumulative growth rate of 5.03 percent as of the third quarter (Q3) of the year. This is accompanied by controlled inflation, within the target range of 2.5 percent ±1 percent, with November 2024 inflation at 1.55 percent year-on-year (yoy). Household consumption also continues to grow strongly and is expected to increase to above 5 percent this year.

Gapmmi has warned that the 12 percent VAT rate starting on Jan. 1 is likely to end up passing increased supply chain costs onto consumers.

A spending bill backed by Donald Trump failed in the US House of Representatives on Thursday as dozens of Republicans defied the president-elect, leaving Congress with no clear plan to avert a fast-approaching government shutdown that could disrupt Christmas travel.

Raden Siliwanti, an expert staffer at the National Development Planning Ministry/National Development Planning Agency (Bappenas), has said the total investment needed for the next five years of 2025-2029 amounts to Rp 47,587.3 trillion (US$2.9 trillion).