In its monthly update for March, the Finance Ministry said state revenue had fallen 17 percent in the first three months of this year compared to the first quarter last year amid weaker corporate earnings.
12 hours agoThe sharp increase in imports was a reflection of businesses and consumers stockpiling foreign goods to get ahead of Trump's sweeping trade levies, which went into effect earlier this month. ...
15 hours agoUnited States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and global supply chains, a Beijing-backed outlet said on Thursday citing sources. ...
16 hours agoDeputy Cooperatives Minister Ferry Juliantono says that dozens of cooperatives have applied to obtain mining permits following the passage of a controversial revision to the 2009 Mining Law.
2 months agoAs an international bank with highly extensive experience in facilitating commerce, HSBC is offering Omni Collect to help streamline domestic payment and collections amid the flourishing digital economy in Southeast Asia.
2 months agoNational Economic Council (DEN) member Chatib Basri acknowledges that the current administration has little room to boost growth through monetary or fiscal policy, making structural reform the only viable option.
2 months agoThe President’s top adviser and brother has said several foreign investors have expressed interest in collaborating on national strategic projects in Indonesia's hydropower, geothermal and solar sectors alongside Danantara as coinvestor.
2 months agoVietnam's goods exports to the United States accounted for 30 percent of its gross domestic product last year, the highest share among US top trade partners, a Reuters review of public data shows, making the country highly vulnerable to reciprocal tariffs.
2 months agoThe drop in inventories in the world's second-largest palm oil producing country after Indonesia could support benchmark futures FCPOc3, and sustain the commodity's premium over competing oils.
2 months agoUS President Donald Trump has signed a memo calling for curbs on Chinese investments in strategic sectors like technology and critical infrastructure, a move Beijing slammed on Saturday as "discriminatory."
2 months agoIndia meets nearly two-thirds of its vegetable oil demand through imports, with palm oil mainly bought from Indonesia, Malaysia and Thailand, while soyoil and sunflower oil imported from Argentina, Brazil, Russia and Ukraine.
2 months agoA top adviser to President Prabowo Subianto has expressed confidence that Indonesia will achieve 8 percent year-on-year GDP growth in this year’s final quarter thanks to the government’s food and housing programs.
2 months agoThe European Union will seek more gas from countries including the United States to replace Russian supplies, and expand renewable energy faster to cut its overall reliance on the fuel, the EU's energy commissioner has said.
2 months agoAnalysts have warned that the situation may deteriorate further this year following the government’s decision to slash infrastructure spending, typically the sector’s main revenue source. They argue that consolidation among these firms is now more urgent than ever.
2 months agoIn 2020, the United States had already agreed to "a great trade deal with China" and a new deal was "possible," Trump told reporters.
2 months agoUS President Donald Trump said on Wednesday he will announce fresh tariffs over the next month or sooner, adding lumber and forest products to previously announced plans to impose duties on imported cars, semiconductors and pharmaceuticals.
2 months agoThe government’s massive budget cuts to fund the free meals program and shower the sovereign wealth fund with cash has garnered a mixed reception from economists, who say the cuts may be overly drastic but still preferable to issuing more debt.
2 months agoUS President Donald Trump expanded his offensive against trading partners on Tuesday, threatening 25 percent tariffs on imported cars, and similar or higher duties on pharmaceuticals and semiconductors.
2 months agoShipments of key Indonesian export commodities including iron and steel as well as crude palm oil (CPO) declined sharply in January, and economists project worse to come as higher US import tariffs hit global trade.
2 months agoAgriculture Minister Andi Amran Sulaiman said on Friday that domestic milk production could only cover around 20 percent of national demand, leaving the country to face a 4.9 million tonnes deficit.
2 months agoJapan's economic growth slowed sharply in 2024, cabinet office data showed on Monday, although the rate for the fourth quarter beat market expectations thanks to strong exports.
2 months agoIllegal levies can eat up as much as 30 percent of total production costs, with bribes and extortion money flowing to multiple actors, including civil society organizations (CSOs), according to Transparency International Indonesia (TII).
2 months agoPeople's Bank of China Governor Pan Gongsheng told a conference in Saudi Arabia that while most currencies have fallen against the dollar, the yuan has remained stable.
2 months ago"I would have done them on April 1 [...] But we're going to do it on April 2," Trump says on potential auto tariff.
2 months agoThe Japanese government said Friday it will release a fifth of its emergency rice stockpile after hot weather, poor harvests and panic buying over a "megaquake" warning nearly doubled prices over a year.
2 months agoLast year's decline marked the second consecutive annual drop in car sales since the 2022 peak.
2 months agoIndonesian exports to Turkey surged to $1.94 billion last year, marking a 26 percent increase from the previous year and nearly reaching the five-year peak of $2.05 billion recorded in 2022.
2 months agoThe government continues to pitch Indonesia as an alternative manufacturing location while China is under pressure from US sanctions, but experts have doubt that strategy still works.
2 months agoASEAN member states are expected to witness robust economic growth and development in the coming years, buoyed by shifting global supply chains and rising affluence.
2 months agoSri Mulyani said that Indonesia’s inflation rate was at a “very low level” and was “a source of envy” for ASEAN and G20 countries.
2 months agoBank Indonesia (BI) is watching economic policy changes in the United States that may affect Indonesia and will determine on that basis whether a shift in its monetary policy stance is needed.
2 months agoIn addition to the education sector, Ambassador Chakravorty highlighted several other areas in which the two countries could explore the potential for greater cooperation, including health and technology.
2 months agoWith loan-to-deposit ratios (LDR) of 98 percent and 96.1 percent, respectively, Bank Mandiri and BNI exceeded the OJK’s recommended range of 78 to 92 percent last year.
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