Indonesia’s economy is experiencing good growth and has recovered from the COVID-19 pandemic despite a challenging global situation.

The ADB raised its 2023 growth forecast for developing Asia to 4.9 percent from 4.7 percent projected in September, but kept its growth outlook for the region at 4.8 percent next year.

Indonesia is making some headway in decoupling its GDP growth and emissions output, the World Bank has noted in its latest report on the country's prospects, which includes recommendations on how to maintain this trend.

The year 2045 will present a valuable moment for Indonesia, as the country will obtain a window of opportunity through a demographic bonus, something that only occurs once in a nation's lifetime.

The head of the metalworking and machinery association suggests gathering feedback from businesses on post-COVID market conditions to ensure that the incentives benefited the targeted industries as intended.

In order to achieve the 2045 development goals known as Indonesia Maju (Onward Indonesia), one of the government’s main focuses next year is economic transformation. This includes continuing to develop the national infrastructure, improve human resource quality, develop a green economy, use renewable energy, strengthen bureaucratic reform and simplify regulations.

This year's BPS agricultural survey points to a lack of farmer regeneration as well as other factors suggesting a significant decline in future productivity, which experts say could leave the country dependent on imports.

Indonesia may reap significant benefits if the country can fully utilize its services potential, but the government must first ease restrictions and enact sweeping policy reforms to actually realize it, World Bank said.

While many Indonesians might aspire to achieving financial freedom and early retirement, achieving FIRE remains out of reach due to various factors including minimum wage earnings, familial obligations, poor financial management and societal pressures.

A fiscal policy plays a significant role in safeguarding the national stability and maintaining economic growth.

Chinese investments in Vietnam have boomed this year in contrast to a slowdown in US spending and trade, official data show, as the world's two largest economies vie for influence in the strategic Southeast Asian country.

Regardless of whether nuclear power is suitable for Indonesia's energy transition, observerss appear to concur that building a thorium-based nuclear plant in the country will require more time to develop the relevant infrastructure and regulations, as well as the technologies for processing the radioactive metal.

The government of Indonesia, a nation and state concerned about its future generations, has established specific policies in the State Budget (APBN) to enhance the well-being of children. These policies cover various aspects, including health, education and quality of life.

West Texas Intermediate oil for delivery in January fell 4.1 percent to finish at $69.38 a barrel. The drop came as markets eyed signs of weakening demand amid skepticism that the OPEC + coalition's efforts will meaningfully restrain supply.

As the world has become more divided, countries have resorted to an unprecedented use of monetary and fiscal tools to protect their economies, Finance Minister Sri Mulyani said on Wednesday, adding that the move had put great pressure on both instruments.

The state budget for fiscal year 2024 was passed through Law No. 19/2023 on Oct. 16. In that law, the government targets state revenue of Rp 2,802.29 trillion and state expenditure of Rp 3,325.12 trillion, making for a deficit of Rp 522.83 trillion or around 2.29 percent of Gross Domestic Product (GDP).

Improving upon Indonesia’s overall citizen capabilities is a state mandate that must be carried out, as stated in the 1945 Constitution

The 2024 state budget has been approved by the government at Rp 3,325.1 trillion. It serves as a crucial instrument for confronting global upheavals, such as pandemics, energy price increases and rising food prices. It also acts as an instrument of economic recovery and protecting the public. One noteworthy form of state budget expenditure is investing in state assets.

Experts warn that the ongoing "liquidity battle" between banks and government could be expected to intensify next year.

The Indonesian government is taking the European Union to the World Trade Organization over the regional organization’s imposition of import duties on Indonesian stainless steel products.

Finance Minister Sri Mulyani Indrawati accompanied President Joko “Jokowi” Widodo at the Budget Implementation List (DIPA) handover event at the State Palace in Jakarta on Wednesday. 

Indonesia’s manufacturing purchasing managers’ index (PMI) rose marginally last month on the back of higher new orders and increased workforce numbers as confidence in future output improves, albeit at a slower pace than in the third quarter.

Although it remains at what can be considered a safe level, headline inflation has been stuck in an upward trend for the past three months as prices for key Indonesian ingredients experience an abnormal rise.

After a grueling pandemic that caused global economic disruptions, Indonesia experienced an increase of 4.94 percent in economic growth in the third quarter of 2023, an increase of 1.60 percent compared to the second quarter.

In a damage control effort following a fatwa supporting Palestine, a business association promises its own list of products that are "really" related to Israel.

President Joko “Jokowi” Widodo has asked banks to not hesitate in giving loans to businesses, hoping this could help increase money circulation so it could boost the economic growth

In an effort to face the challenges in food production, which is not yet optimal, the government has directed its attention to product optimization.

Green financing has become one of the most discussed topics in Indonesia, yet financial institutions in the country remain hesitant.

People visiting villages today can observe for themselves the increasing fairness in rural development and the growing prosperity of its inhabitants. With the Village Law, the strategy for equalizing national development stems from the nurturing of villages.

China's manufacturing activity contracted for a second straight month in November and at a quicker pace, suggesting more stimulus will be needed to shore up economic growth and restore confidence that the authorities can ably support industry.