Indonesia has expressed interest in joining the BRICS group of major emerging economies, consisting of Brazil, Russia, India, China and South Africa, a move experts believe could have benefits, but repercussions too.

Dong Jin Textile, a South Korean textile company, conducted the groundbreaking of its factory in Kendal Industrial Park, Central Java, together with Coordinating Minister for the Economy Airlangga Hartarto and Singapore's Minister of Trade and Industry Gan Kim Yong.

In the latest trade dispute between Indonesia and the European Union, the Trade Ministry has derided as “colonialist” an EU investigation into allegations that Indonesian biodiesel is finding its way into the EU market, evading import duties.

China will coordinate financial support to resolve local government debt problems, the central bank said in a statement on Sunday, as policymakers look to shore up an increasingly shaky economic recovery and reassure worried investors.

BRICS came together to act as a counterweight to the dominance of Western nations and the lending institutions they helm, such as the International Monetary Fund and the World Bank.

Brazil intends to restore trade and political ties with Cuba, a top foreign policy aide to Brazilian President Luiz Inacio Lula da Silva said on Friday after meeting with Cuban President Miguel Diaz-Canel in Havana.

The government affirms that fuel and electricity subsidies will remain below the quota allotted in this year’s budget despite possible higher consumption due to strong economic activity.

Analysts say the GDP growth target of 5.2 percent is achievable but note risks of imported inflation and rising food prices.

Bank Indonesia (BI) has launched a trial to connect its QR-based payment system to Singapore's. At the same time, it expanded QRIS to include transfer, withdrawal and deposit capabilities. 

The burger chain, one of India's biggest with nearly 400 outlets, joins many McDonald's and Subway stores that have removed tomatoes from menus as India's food inflation this week hit its highest since January 2020.

President Joko “Jokowi” Widodo projects Indonesia’s income per capita will rise to Rp 153 million (US$10,944) in the next decade if the country can maintain its focus on pursuing its downstream industrial policy.

Britain's annual inflation rate dropped sharply in July to below 7 percent, official data revealed Wednesday, off the back of lower energy prices and in line with economists' expectations. 

Indonesia’s exports have exceeded imports for 39 consecutive months, but July trade data show a much narrower surplus than in the previous month.

By 0724 GMT, the rouble was 1.4 percent weaker against the dollar at 100.84, passing the 100 threshold for the first time since March 23, 2022. 

Can Indonesia keep on raising living standards and avoid getting stuck? Secretary-General of the Organization for Economic Cooperation and Development (OECD) Matthias Cormann thinks so. This is why he was in Jakarta to discuss economic transformation.

The central bank's preliminary data show that retail sales contracted for three straight months while consumer confidence slipped two consecutive months in July, generally due to the end of the Ramadhan-Idul Fitri holiday season.

It is not just the early aggressive hikers in Latin America and emerging Europe who are easing - Vietnam and China have also delivered rate cuts in recent months.

China slipped into deflation as consumer prices contracted last month for the first time in more than two years, official data showed Wednesday, as slowing domestic spending weighs on the country's post-COVID economic recovery.

Indonesia’s structural transformation from an agricultural to a services-based economy has seen industrial development come up short, according to a Jakarta-based think tank.

Indonesia has become slightly more unequal over the past three years, even as more people have been lifted out of poverty, a fact that experts attribute to economic development policy choices in recent years.

The first wave of operational facilities in the city will include hospitals, hotels, schools, offices and mixed-use township areas, with renowned real estate players and operators such as Ciputra Group, Pakuwon, RS Hermina, Jakarta International School, Pembangunan Perumahan, Vasanta and Jambuluwuk leading the way in the development.

Indonesia’s economic resilience in recent years has a lot to do with its democracy, a top government official has said, adding that it also helps make for a fairer economy.

Indonesia’s economic growth once again beat market estimates as the country’s GDP increased by 5.17 percent year-on-year in the second quarter of 2023, despite a drop in exports. 

German industrial output plunged in June, official data showed Monday, with the economy ministry warning of a gloomy outlook as high energy prices and interest rates took their toll. 

Amid declining EV investment, experts are urging the government to foster an environmentally friendly, end-to-end EV ecosystem, introduce more affordable EV options, and encourage the industry to "race" against competitor countries in the region.

The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25 percent on Thursday, and gave a new warning that borrowing costs were likely to stay high for some time.

The group including Russia, India, China and South Africa, has been hailed by some as a counterweight to traditional diplomatic forums like the G7.

The newly appointed Indonesian Employers Association (Apindo) national leadership council says it will focus on boosting investment in Indonesia, among other priorities, to address the country’s economic growth challenges.

The Nusantara Capital City (IKN) Authority has revealed its vision for ecotourism in the new city, embracing a sustainable urban forest concept.

Maintaining the ongoing trend, Indonesia managed to bring headline inflation down again in July, getting closer to the below-3 percent target every month since this year’s peak in February.