The decision could set a precedent for other government institutions, signaling that ‘existing rules can be bent’, including laws and regulations related to businesses.

US Federal Reserve chair Jerome Powell is widely expected to use a keynote speech at a major central banking conference on Friday to signal support for cutting interest rates ahead of next month's rate decision.

“Please look after my deputy minister Pak, he’s the one who will carry on,” Sri Mulyani told lawmakers on Wednesday. 

Bank Indonesia’s benchmark rate remains at 6.25 percent for now, and the central bank expects room for a reduction to open up only in the fourth quarter, despite recent signals pointing to sooner interest rate cuts by the United States Federal Reserve.

Environment Minister Tanya Plibersek said SunCable's flagship Australia-Asia power link project would help meet growing demand for renewable energy at home and abroad.

All the infrastructures in the future capital city would be handed over to IKN Authority. Thus, budgets related to maintenance would be part of the agency’s annual allowance.

The project, which will include an array of panels, batteries and, eventually, a cable linking Australia with Singapore, is backed by tech billionaire and green activist Mike Cannon-Brookes.

Investment Minister seat comes with leadership of the Investment Acceleration Task Force for Nusantara.

Task force has confiscated billions of rupiah worth of illegally imported goods since its establishment, including thousands of tools such as grinders and drills, electronic gadgets, furniture, textiles, leather goods, footwear and alcoholic beverages, among many others.

A business association now expects sales growth in the sector to slow to 5 percent this year, far below its previous projection of 7-9 percent.

The think tank suggested that an increase in revenue should be achieved by reducing tax incentives, such as those given to smelter operators.

President Joko “Jokowi” Widodo has appointed Dadan Hindayana to head the National Nutrition Agency less than a week after he signed presidential regulation No. 83/2024 on Aug. 15 stipulating the establishment of the agency.

Lam's visit to Beijing, his first overseas trip since coming to power, signals a desire between the two communist neighbours to strengthen ties, amid growing trade and investment, despite occasional clashes over boundaries in the South China Sea.

A high-ranking government official estimates that 7 to 16 percent of the country’s population is vulnerable to starvation amid declining domestic rice production.

The trade deficit with China hit US$1.7 billion in July, more than twice as high as a year earlier, driven by imports of mechanical equipment, electrical goods and vehicles.

Ebbing inflation aligns with anecdotes from businesses that consumers are pushing back against high prices, through bargain hunting, cutting back on purchases and trading down to lower-priced substitutes.

Japan's economy expanded by a much faster-than-expected annualized 3.1 percent in the second quarter, rebounding from a slump at the start of the year thanks to a strong rise in consumption and backing the case for another near-term interest rate hike.

In the first phase from 2024 to 2027, the government aims to acquire 62 new passenger train sets at an estimated cost of 10.7 billion ringgit ($2.4 billion) to be paid in installments over a 30-year lease period, Minister Anthony Loke told reporters. 

Industry association PHRI says hotels in East Kalimantan have reached full capacity following a surge in booking demand ahead of the planned Independence Day celebrations in Nusantara, but has also assured that the resulting rate increases would normalize afterward.

The World Economic Forum estimates that more than two-thirds of new value creation over the next decade could come from digitally enabled platforms, and the digital economy will reach $16.5 trillion and capture 17% of global GDP by 2028 for 14 countries across North America, Europe, APAC, and Latin America.

Fitch lowered Israel's rating from "A+" to "A".

Bahlil declined to provide details on the Japanese and South Korean companies he claimed were planning to invest in the project.

President-elect Prabowo Subianto has reiterated his commitment to the development of Nusantara as Indonesia’s future capital city.

The real estate market within Jakarta and its periphery area had remained robust as it is mainly driven by commercial considerations rather than external influences, such as Nusantara.

Analysts recommend that the government support the lower- and middle-income segments by expanding direct social aid, creating more job opportunities and avoiding additional taxes that could strain consumers.

Leading Vietnamese electric vehicle (EV) maker VinFast held a groundbreaking ceremony on July 15, 2024 for its first Indonesian assembly plant in Subang, West Java.

The Industry Ministry noted that jobs in the textile industry were continuing on a downward trend in early August after it entered contraction territory in July, the first time since August 2021 at the height of the pandemic.

An official from the public works ministry has announced that Seoul is investing Rp 11 million in an underwater road tunnel connecting Nusantara and Balikpapan, a 88.54 kilometer project of which 76.4 percent has been completed to date.

HSBC Indonesia began its humble beginnings in 1884 by opening an office in Batavia (presently Jakarta).

The government and experts say a slowdown in the world’s largest economy may bring advantages for emerging markets like Indonesia's by expediting the anticipated reduction in interest rates.