Finance Minister Sri Mulyani Indrawati says Rp 306 trillion in budget cuts will be reallocated to initiatives that directly improve the people’s welfare, such as the free meals program, food and energy self-sufficiency and health care.

The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation stable around its 2 percent target.

This week, the mercurial magnate said 10 percent tariffs on all Chinese imports could kick in on February 1 -- and on the campaign trail touted a levy as high as 60 percent.

During a side event at the ongoing WEF Annual Meeting, the government promoted Indonesia as a destination for renewables investments, highlighting its abundant energy sources and sustainability principles as it aims to achieve energy self-sufficiency.

President Prabowo Subianto has “greenlit” the new arrangements and the government will soon introduce an implementing regulation, Airlangga said.

The government is considering seeking additional funding to achieve this year’s full recipient target for President Prabowo Subianto’s flagship free nutritious meals program amid struggles to cover ballooning costs.

To promote business collaboration and bilateral cooperation between the Hong Kong Special Administrative Region (HKSAR) and Indonesia, Mr Paul Chan, Financial Secretary of the HKSAR, visited Indonesia from January 8 – 10.  Jakarta Post had an exclusive interview with him.

While the current hot streak may calm down in the coming months, experts and industry insiders expect volatility will remain the watchword, giving little visibility for producers -- two-thirds of whom farm parcels of less than one hectare (2.5 acres).

The International Monetary Fund (IMF) and the World Bank have both kept their projections for Indonesia’s 2025 gross domestic product (GDP) growth unchanged while flagging long-term challenges for emerging economies.

The government has said it will be pursuing a bilateral trade agreement with the United States during Donald Trump’s presidency, but whether that succeeds will depend on what Indonesia can bring to the discussion table.

The President has urged greater involvement of private companies in boosting the economy as part of "Indonesia incorporated", including in infrastructure development.

Global growth is expected to increase slightly this year while remaining stuck below its pre-pandemic average, the IMF said Friday, flagging the growing economic divide between the United States and European countries.

Anindya is the sole candidate for the chairmanship, as Arsjad said in November that he would not seek re-election at Thursday’s congress.

China's economy ended 2024 on better footing than expected helped by a flurry of stimulus measures, although the threat of a new trade war with the United States and weak domestic demand could hurt confidence in a broader recovery this year.

Indonesia has recorded a historically low poverty rate, according to the latest survey conducted by Statistics Indonesia (BPS), but inequality worsened slightly and remains particularly high in Jakarta.

Several quite minor export goods happened to see significant growth in 2024 and managed to compensate for a portion of the declines in Indonesia's main export commodities.

As China's economy struggles, officials in Beijing have the arduous task of formulating a policy response that can ensure sustainable growth in what promises to be a challenging year ahead.

Customs and Excise revenue hit Rp 300.2 trillion (US$19.3 billion) in 2024 and grew 4.9 percent, driven by robust imports, export policy changes and higher tobacco taxes.

The Micro, Small, and Medium Enterprises (MSMEs) Ministry is preparing a new ministerial regulation to allow businesses to take loans for food production tools. This initiative aims to ensure national food security.

Electric vehicle (EV) sales have more than doubled and now make up 5 percent of the market as sales of gasoline-powered cars plunge.

PT Angkasa Pura Indonesia, which operates under the brand InJourney Airports, counted 155.9 million passengers in 2024, namely 118.03 million on domestic routes and 37.9 on international flights.

China's exports surged to a record high in 2024, providing a much-needed boost for the economy as the prospect of biting tariffs imposed by US president-elect Donald Trump looms.

A third expansion of Patimban Port in West Java is to receive the lion’s share of the funding.

The government’s downstreaming agenda must be supported by industrialization, but the pace of industrialization in Southeast Asia’s largest economy is decreasing, especially in sectors utilizing processed goods from the mining industry.

Indonesia recently became a full member of the BRICS economic and geopolitical grouping. The name is an acronym for the bloc’s first five member states: Brazil, Russia, India, China and South Africa.

Indonesia, through the public housing ministry, has inked an MoU with a Qatari investment firm for an undisclosed amount to help fund the government's mega housing project, which aims to build 3 million homes per year.

They are targeting 50 projects at the economic zone within the first five years of its inception, and the creation of 20,000 skilled jobs.

Prabowo instructed his freshly inducted ministers to study the budget allocation in detail and specifically asked for spending efficiency by avoiding unnecessary trips abroad.

Trade Minister Budi Santoso also reaffirmed that the ministry aims to conclude a similar agreement with the European Union by the end of first half of this year.

Last year’s budget closed with a deficit of Rp 507.8 trillion (US$31.34 billion), 2.29 percent of the country’s gross domestic product (GDP), Finance Minister Sri Mulyani Indrawati revealed in a press conference on Monday.