Financial institutions and regulators have announced groundbreaking and plans for office buildings in Indonesia’s future capital, which the President has vowed to turn into a smart city and digital banking hub.

This upswing, the highest since September 2022, is attributed to escalating costs of rice, red chilies, eggs, poultry, cooking oil and other commodities.

The investment and mining undersecretary told reporters on Thursday that a foreign EV company would break ground on a local factory "in the second or third quarter” this year, but declined to name the company due to ongoing talks.

India overtook Britain in 2022 to become the world's fifth-largest economy and last year surpassed China to become the most populous country. 

The coordinating economic minister hopes a pilot project at a junior high school will reveal any funding or operational issues in preparation for the possible nationwide rollout of free school meals.

Indonesia is gearing up to join World Expo 2025 in Osaka, Japan, from April 13 to Oct. 13, 2025. The agenda serves as the main platform for various countries to reinforce their commitment to achieving the 2030 Sustainable Development Goals.

A staple for most of the country's 270 million people, the price of rice has climbed more than 16 percent since last year

At his weekly briefing on Monday, the tourism minister said Indonesia was losing foreign tourists and foreign exchange earnings from tourism expenditures, in part because of the country's lack of visa exemptions as well as major international events, such as Taylor Swift's Eras Tour.

Joggers and families out enjoying Jakarta’s Car Free Day received a jovial addition to their morning activities with a concert to enliven the day and commemorate the 67th anniversary of Astra.

The world's trade ministers are set for tough negotiations on Tuesday at a WTO meeting in Abu Dhabi, with fisheries and agriculture taking center stage.

Bapanas announced on Monday that this year's import quota for rice had been increased by another 1.6 million tonnes as a precautionary measure, and made reassurances that this boost ensured there would be enough rice for the upcoming Ramadan-Idul Fitri holiday season.

In previous yeas, Indonesia's poverty rate fell between 0.3 and 0.5 percent annually. 

Some names have been floating around in cyberspace as possible successors to incumbent Sri Mulyani, who helped the country navigate through the 2008 global recession as well as the COVID-19 pandemic, though a couple of experts seem to concur that a technocrat would be "ideal".

China plans to build a cutlery factory in Indonesia, along with a petrochemical plant project in North Kalimantan, says Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan.

The Finance Ministry said on Thursday that despite posting a year-on-year drop of over 8 percent in tax revenue in January, the state budget still booked an overall surplus of Rp 31.3 trillion that month.

The Jokowi administration aims to further reduce logistics costs to 8 percent of GDP, after lowering it from 24 percent to 14 percent over the past decade.

The newly officiated Makassar New Port is the largest in the country’s eastern part and was built to support economic growth in the region.

Prabowo Subianto and Gibran Rakabuming Raka's plan to make Indonesia a world leader in green energy through the development of biodiesel, bioavtur and bioethanol will run up against numerous challenges.

The team of presidential candidate Prabowo Subianto has shared some ideas on how his administration might fund free lunches and milk for schoolchildren nationwide to deliver on a key election promise.

Following an expression of intent by the Indonesian government to join the Organization for Economic Cooperation and Development (OECD) through a letter from Coordinating Economic Minister Airlangga Hartarto to OECD secretary-general Mathias Cormann, as a follow-up to the directive of President Joko “Jokowi” Widodo, the OECD Council decided to open accession discussions with Indonesia on Wednesday. This decision follows an assessment by OECD members based on the evidence-based Framework for the Consideration of Prospective Members.

Analysts urge the presidential hopeful to reveal financing plans for his programs and assessments on how they would impact the country's fiscal position to reassure markets.

This decision marks the formal beginning of the country’s journey toward joining the OECD.

Bank Indonesia (BI) has kept its benchmark interest rate unchanged at 6 percent and reaffirmed that cuts to the policy rate might be in order in the second half of this year.

Prabowo has declared victory in last week's presidential election in the world's third biggest democracy, after quick ballot counts by independent pollsters in sample polling stations showed he had won nearly 60 percent of votes.

The Asian airline's biggest one-day share price plunge since the global travel industry ground to a halt in March 2020 because of COVID-19 came after its December quarter earnings missed market expectations on Tuesday. 

Visa-free access for Chinese tourists to the Southeast Asia countries boosted traffic and signalled a robust revival in travel since Beijing lifted strict COVID restrictions in early 2023 that had all but shut China's borders for three years.

Local cattle breeders project a large beef deficit this year and suggest shipments from abroad to bolster domestic stocks.

Jokowi hopes investments and capital inflows can move forward after the election.

Japan is a prominent trading partner for Indonesia.

Campaign official Budiman Sudjatmiko said 3,500 students were currently benefiting from trial runs of Prabowo’s signature free lunch and free milk programs.