The United States and China on Sunday said progress had been made after a weekend of talks aimed at de-escalating trade tensions sparked by President Donald Trump's aggressive tariff rollout.

Investors are hopeful that US-China trade talks this weekend will cool a trade war between the world's two largest economies and dispel some of the uncertainty clouding financial markets, though few expect a major breakthrough just yet.

Research by state-owned lender Bank Mandiri shows that intra-provincial travel, or trips within the same province, jumped 45.9 percent in 2024, reversing the trend seen in 2022 and 2023 when longer journeys dominated.

Consumer confidence in Indonesia has improved slightly but remains at a low level, with an April survey by the central bank showing respondents more positive on the current state of the economy, even as they expect worse times to lie ahead.

China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a grueling trade war with its superpower rival.

The energy minister has announced a plan to stop importing refined fuels from Singapore, and instead procure the commodity from Middle Eastern countries.

Indonesia shaved US$4.6 billion off its foreign exchange (forex) reserves in April as the government serviced foreign debts and the central bank intervened in the market to stabilize the rupiah’s exchange rate amid the tariff turmoil.

Given a recent decline in Indonesia’s economic growth and unfavorable global circumstances, pushing gross domestic product (GDP) growth toward the targeted 8 percent rate could lead to imprudent fiscal spending, a think tank has warned.

Since its launch, Indonesia’s newly established sovereign wealth fund, Danantara, has captured national imagination with promises so grand that they border on the unbelievable. Heralded as one of the world’s largest sovereign wealth funds and positioned as the engine of a sweeping economic revolution, Danantara’s narrative has inflated expectations to levels that may ultimately prove impossible to meet.

Donald Trump will announce a trade deal with the United Kingdom on Thursday, US media has reported, after the president touted a "major" upcoming agreement on social media.

The latest BPS report indicates that unemployment fell to a record low of 4.76 percent in February, but the KSPI and a think tank analyst have pointed to discrepancies with real conditions on the ground, especially regarding layoff data.

Retail industry representatives have urged the government to hand out shopping vouchers to consumers to boost people's spending power and thereby stimulate economic growth.

To overcome operational inefficiencies and data security risks, renowned building materials company Solusi Bangun Beton partnered with Standard Chartered to implement a digital payments platform that streamlines transactions and improves customer experience.

The TKDN policy has become a strategic issue in Indonesia's economic development. On the one hand, it serves as a crucial tool for promoting national industrial growth. On the other hand, it can lead to inefficiencies and reduce the competitiveness of domestic industries.

Economic growth in Prabowo Subianto’s first full quarter as president has touched the slowest pace since the coronavirus pandemic as the Ramadan boost failed to significantly jack up consumer spending and investors fretted about global uncertainty while government spending contracted.

The national economy grew 4.87 percent in the first quarter from a year earlier, its weakest growth rate in more than three years, official data showed on Monday, compared with a 4.91 percent growth rate expected by analysts in a Reuters poll.

President Prabowo has promised to form a layoff task force to prevent arbitrary dismissals of employees and ensure companies adhere to fair labor practices, as demanded by workers attending the May Day rallies.

Indonesia’s manufacturing Purchasing Managers’ Index (PMI), the key gauge of factory activity in the country, has touched its lowest point since the coronavirus pandemic.

Higher demand for coffee and gold drove April's 1.95 percent rise in CPI, according to BPS, with the prices of the two commodities recording global highs in recent months due to external factors such as climate impacts and geopolitical tensions.

The United States has approached China to seek talks over Trump's 145 percent tariffs and Beijing's door was open for discussions, the commerce ministry said.

In its monthly update for March, the Finance Ministry said state revenue had fallen 17 percent in the first three months of this year compared to the first quarter last year amid weaker corporate earnings.

The sharp increase in imports was a reflection of businesses and consumers stockpiling foreign goods to get ahead of Trump's sweeping trade levies, which went into effect earlier this month.

United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and global supply chains, a Beijing-backed outlet said on Thursday citing sources.

Standard Chartered, Germany's development finance institution DEG and France’s Proparco on Tuesday announced a US$60 million investment to fund the construction and operation of a solar photovoltaic (PV) plant in Indonesia.

Textile associations have urged provincial Trade Ministry offices, which are authorized to issue certificates of origin (SKA), to tighten the issuance procedures and verify whether export goods are genuinely produced in Indonesia.

China's manufacturing activity shrank in April after growing at its highest rate in a year the previous month, official data showed Wednesday, as Beijing fights an intensifying trade war with the United States.

Indonesia has seen respectable growth in foreign direct investment (FDI) in the first quarter of 2025 as realized funding reached a quarter of the government’s full-year target, while domestic investment grew even faster.

OJK encourages insurance firms to continue strengthening their risk management, diversifying both their investment portfolios and products to cushion against global economic volatility.

Ishiba's first trip to Vietnam, and his subsequent visit on Tuesday to the Philippines, mark the latest high-level East Asian meetings amid escalating global uncertainty triggered by the threat of crippling US tariffs.

Global finance leaders came to Washington this past week seeking clarity on what it would take to get some relief from President Donald Trump's multi-layered tariff assault and on just how much pain it will bring to the world economy.