OPEC predicted robust fuel use in the summer months on Thursday and stuck to its forecast for relatively strong growth in global oil demand in 2024, highlighting an unusually large gap between predictions of oil demand strength.

The ADB nudged its 2024 growth forecast but warned of persistent challenges such as rising geopolitical tensions, including in the Middle East, that could disrupt supply chains and reignite inflation.

The surge comes as millions in the country embark on mudik (exodus).

The President’s operational budget has been increasing in recent years.

US Treasury Secretary Janet Yellen said on Saturday that she and Chinese Vice Premier He Lifeng agreed to launch exchanges on "balanced" economic growth, an effort to address US concerns about China's excess manufacturing capacity.

Coffee roasteries and café owners have decided to increase prices to cope with the rising bean prices and to preserve the taste.  

The Quick Response Code Indonesian Standard (QRIS) can now be used as a payment method in Brunei Darussalam and Laos.

The sooner new administration send their policy directions to households and companies, the better.

Industry players want the government to help increase the clean power supply and to lobby other countries to continue accepting Indonesian products during the transition period.

The occupancy rates of Jakarta’s middle- and lower-tier malls stagnated in the first quarter of the year despite major holiday periods such as Chinese New Year and Ramadan.

VinFast, a new player in the Indonesian automotive industry, is set to introduce a novel program that could potentially reshape the consumer behavior of electric vehicle (EV) owners.

Indonesian Transportation Ministry has not received any formal pitch about the proposed high speed rail-link project. 

At the end of February, there were still 977,000 debtors with outstanding loans totaling Rp 242.8 trillion (US$15.25 billion)  in the restructuring process.

Indonesia relies on imports for 55 percent of its cocoa supply.

More inflationary pressure may arise in the second half of this year.

The manufacturing purchasing managers’ index (PMI) rose to a 27-month high in March on the back of strong domestic demand. The PMI report published by S&P Global shows that the index jumped by 1.5 points to a reading of 54.2 in March.

Investors are closely watching Prabowo's pick for the key role after ratings agencies warned of the cost of the programmes the president-elect had campaigned on, raising the risk of slippage in the country's hard-won record for fiscal discipline. 

Even though dry weather fuelled by El Nino has led to a rice shortage and sent prices to record highs, the 52-year-old from the East Java town of Pasuruan was still shocked to see hundreds of likeminded residents already waiting patiently in line. 

China's manufacturing activity expanded for the first time in six months in March, an official factory survey showed on Sunday, offering relief to policymakers even as a crisis in the property sector remains a drag on the economy and confidence.

Perum Bulog reports low absorption of local rice, citing harvest delays and production decline. While imported rice is still crucial, high prices pose challenges so prioritizing domestic stabilization remains key.

During the sidelines of the Indonesia-Singapore Business Forum 2024 in Singapore, held on March 27, Coordinating Minister for Economic Affairs Airlangga Hartarto held a limited meeting with Singaporean business circles closely related to Indonesia.

During the Indonesia-Singapore Business Forum 2024, Coordinating Minister for Economic Affairs Airlangga Hartarto held a bilateral meeting with Singapore's Minister for Trade and Industry, Gan Kim Yong in Singapore on March 27.

The Indonesia-Singapore Business Forum (ISBF) is a discussion forum between top executives of Singaporean companies and Indonesian ministers alongside senior officials, which aims to provide clarity and insights regarding the direction of future policies in Indonesia's business and investment landscape.

Malaysia and Thailand maintained their rankings, which are higher than Indonesia's, while Vietnam made a significant leap.

Beijing wants to boost growth of the world's second largest economy after foreign direct investment shrank 8 percent in 2023 amid heightened investor concern over an anti-espionage law, exit bans as well as raids on consultancies and due diligence firms.

The Energy and Mineral Resources Ministry has apologized for the slow implementation of the free rice cooker program, which lags far behind target in terms of budget expenditure and distribution.

The employers association has suggested that the next government stretch the limitation on the state budget deficit from 3 to 5 percent, although an economic aide of the Prabowo campaign says it is unlikely the president-elect would do so.

As the global electric vehicle (EV) industry continues its inexorable, rapid growth, we spoke to Noor Adhami, Global Head of International Banking at HSBC on her views about the unique and dominant role Indonesia plays in this sector and HSBC’s commitment to support companies wanting to not just tap into this sector but also into the broader growth opportunities Indonesia offers.

The local shipowners' association has pointed to a surge in fuel costs and insurance premiums related to the global shipping industry as a result of the ongoing crisis in the Red Sea.

The US Congress approved a funding bill Saturday in a rare show of cross-party unity, keeping federal agencies running through September and averting a damaging partial government shutdown.