Indonesian sovereign wealth fund ​Danantara and Singapore's Keppel Electric, Sembcorp ‌Industries and Singapore Energy Interconnections have signed a memorandum of understanding for ​a cross-border electricity project, Singapore's ​prime minister said on Monday.

In a bid to cut annual LNG imports totaling around Rp 500 trillion to fill a gaping shortfall of nearly 7 million tonnes, the government is pushing to accelerate development on a CNG central compression station to exploit substantial methane reserves in South Sumatra.

Pavia is at the heart of Italy's rice-making industry. The province regularly produces nearly 5 million tonnes of the grain each year. But this year there was not enough spring rain and its rice farmers are despondent.

Footwear manufacturers say the next few months will be critical and warn that layoffs could become unavoidable should uncertainty and weak domestic spending persist.

Economists and industry groups welcome Indonesia's plan to export rice to Singapore as a way to ease excess stocks but caution that quality upgrades and careful supply management will be key to securing a foothold in export markets.

The United States posted weaker-than-expected job growth in June as new data showed the labor market is facing headwinds ahead of testing midterm elections for President Donald Trump's Republicans.

Indonesia Investment Authority (INA), the country’s first sovereign wealth fund, has no immediate plans to issue debt, because it has sufficient capital to fund investments, its new chief executive says, despite recent market volatility weighing on some of its portfolio.   

While exploring different options was par for the course in seeking potential partnerships, experts agree that careful consideration in package composition vis-à-vis Indonesia's needs and goals, including compliance with any existing deals, is key to realizing its nuclear energy ambitions.

Indonesia's manufacturing sector suffered its sharpest contraction in a year, with the PMI plunging to 46.9 in June as new orders dried up and factory-gate prices rose at the fastest pace in nearly 13 years, intensifying calls for government help.

Jakarta Governor Pramono Anung said that the move came as a response to the “Rp 15 trillion cut” in regional transfer funds (TKD) from the central government, which brought “fiscal pressure” on the capital province.

Indonesia’s balance of trade has turned negative for the first time in six years as skyrocketing oil prices pushed up imports while weak global demand weighed on exports.

Gasoline was the largest contributor to transportation inflation, with a contribution of 0.21 percentage points, followed by airfare and engine lubricants.

The S&P Global Indonesia Manufacturing PMI plunged to 46.9 in June from 50.0 in May, which is also the threshold that separates expansion from contraction, signaling a fresh decline in the health of the goods-producing sector.

US President Donald Trump's administration is expected to formally declare on Wednesday that it will not extend the US-Mexico-Canada Agreement on trade, starting a decade-long clock to wind down the 32-year-old North American free trade zone as the three countries haggle over proposed changes.

On the demand side, home sales fell by 25.7 percent year-on-year (yoy) in Q1, according to a Bank Indonesia survey.

In its latest report titled “Indonesia Economic Prospects” published in June, the World Bank highlighted that the country’s decreasing medium- and high-skilled employment has further eroded the supply of jobs capable of supporting middle-class livelihoods. 

Experts have warned that the bioethanol push demands rigorous scrutiny, citing potentially severe trade-offs, as producing ethanol from crops could disrupt food security, trigger land conflicts and incentivize deforestation.

The conciliatory remarks contrasted with President Prabowo Subianto's comments earlier this week, when he took aim at what he described as "intellectuals" of questioning the urgency of his signature free nutritious meal program.

Countries from Kenya to Indonesia and Bolivia have seen protests in recent weeks linked to energy price hikes and the rising cost of living.

Strategic petroleum releases helped avert a sharper rise in oil prices as a result of the war in the Middle East, but the global economy faces significant downside risks if a fragile ceasefire between the US and Iran doesn't hold, IMF chief economist Pierre-Olivier Gourinchas said on Friday.

The government is targeting first production between 2029 and 2030, positioning the field as a cornerstone of national energy security. 

Cyprus, which currently holds the Presidency of the Council of the European Union, said enhancing the EU's relationship with Indonesia and ASEAN have been among its priorities.

The government’s preference for state-led solutions not only exacerbates cumbersome governance but also hurts business efficiency – thereby dragging down Indonesia’s global competitiveness.

The intervention comes as labor groups warn that two major ceramic producers, Milan Keramik and Mulia Keramik, face an imminent shutdown in Bekasi, West Java, potentially putting about 55,000 jobs at risk.   

Indonesia's competitiveness was ranked 27th globally in 2024 then nosedived to 48th this year thanks to worsening business and government efficiency.

Indonesia and China are looking to become less reliant on the United States dollar by pushing ahead with the local currency transaction (LCT) scheme to conduct cross-border trade and investment using their own currencies.

The share of food-insecure Indonesians rose from 8.7 percent in 2024 to 10.4 percent in 2025, or roughly 29 million people.

Most of the stimulus were to be spent on food assistance namely 10 kilogram rice handouts for 33.24 million beneficiaries for the entire third quarter.

Said Iqbal, special presidential advisor for employment and workers’ welfare, stated those companies located in Pasuruan and Mojokerto, East Java, referred to them only by the initials PT J and PT S.

Rolling power outages across parts of Java and Bali over the weekend have disrupted household and business activities, reigniting concerns over the reliability of Indonesia’s electricity system, with experts warning that the situation could persist for up to two more weeks.