Cost competitiveness is a key concern as local footwear producers face dual pressures from both the regional and domestic markets, as well as a potential influx of cheaper goods from China, industry groups say.

Despite the post-pandemic recovery, the global petrochemical sector has failed to stabilize. Overcapacity, slowing demand growth and intensifying competition have pushed margins to their lowest levels in more than a decade. Persistent oversupply will remain the dominant challenge through the end of this decade.

The US trade deficit expanded more than expected in July to its widest in four months, government data showed Thursday, on a surge in imports before a fresh wave of President Donald Trump's tariffs kicked in.

President Donald Trump’s administration said on Wednesday it was "very troubled" by the Norwegian sovereign wealth fund's divestment of US construction equipment group Caterpillar, and is engaging with Norway's government on the issue.

Days after a weekend marked by riots and the ransacking of officials’ houses, including her own, Finance Minister Sri Mulyani Indrawati has sought to reassure the public and investors about the state of the country’s economy and her own role in it.

An interplay of external and domestic factors has determined the rupiah's performance this year to date, and keeping an eye on established risks through approaches like monetary discipline and deepening regional cooperation will help safeguard currency stability toward improved economic resilience.

The government is urging the European Union not to appeal a recent World Trade Organization (WTO) ruling that supports Indonesian biodiesel exports.

Retailers have suffered an estimated Rp 500 billion (US$33 million) in lost sales over five days of unrest, while small businesses saw revenue plunge by up to 90 percent as demonstrations disrupted operations and supply chains.

Broader economic uncertainty is weighing on investment and household purchasing power, while the impact of recent government policies on the real sector and financial services has yet to be felt, according to an industry association.

In early 2025, foreign arrivals declined steadily from January, falling to a low of 984,770 in March before rebounding in the following months.  

The rise of new orders was mainly driven by an increase in exports, which grew at the steepest rate since September 2023, alongside stronger demand in the domestic market.

Indonesia achieved a trade surplus for a 63rd consecutive month as the country’s exports exceeded imports by US$4.17 billion in July.

Expenditures in the food, beverage and tobacco category contributed most to monthly deflation in August, when the CPI eased to 108.51 from 108.60 in July.

China's manufacturing activity shrank for a fifth straight month in August, an official survey showed on Sunday, suggesting producers are waiting for further clarity on a trade deal with the US while domestic demand remains sluggish.

The IBC's supervisory board chairman has underlined that unity between government, businesses and society under a single command is necessary to realize the nation's "0-8 vision" of zero poverty and 8 percent GDP growth.

A divided US appeals court ruled on Friday that most of Donald Trump's tariffs are illegal, undercutting the Republican president's use of the levies as a key international economic policy tool.

A Trump administration request that Japan buy more US rice caused this week's snag in bilateral trade talks as Tokyo "strongly objected" to the condition, the Nikkei newspaper reported on Saturday.

A viral “aura farming” TikTok clip showcasing a Kuantan Singingi festival has provided a vital momentum for meme tourism in Indonesia, leading to a public-private collaboration that helped exploit the meme tourism trend and turn it into an economic boost for Riau.

The partnership, now in its second year, requires Vietnamese businesses seeking lobster larvae to conduct their farming operations in Indonesia in collaboration with local partners.

Indian Prime Minister Narendra Modi heads overseas on Thursday to meet the leaders of China, Japan and Russia, seeking to build closer diplomatic ties as New Delhi battles fallout from US President Donald Trump's escalating tariff offensive.

Several conglomerates have publicly voiced support for the privately placed bond, which is reportedly oversubscribed ahead of the launch.  

Trump has raised pressure on India over the energy transactions, a key source of revenue for Moscow's war in Ukraine, as part of a campaign to end the conflict.

The Rice and Grain Milling Entrepreneurs Association (Perpadi) welcomed the move, as rising production costs had made it difficult for mills to operate under the previous price cap.

US Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump's tariffs may top US$500 billion a year, with a substantial jump from July to August and likely a bigger jump in September.

The exemption will take effect once both sides reach a final pact, but no timeline was set as the US was busy in tariff talks with other countries.

Danantara Indonesia plans to raise Rp 50 trillion through so-called patriot bonds to fund waste-to-energy facilities and strategic projects in what the government bills as a move to boost public-private collaboration for long-term national development.

The Indonesian Filament Yarn Producers Association (APSyFI) accused the government of bowing to “import mafia” interests at the expense of local producers of similar goods who are struggling to survive.

Coal accounts for around half of China's power generation, down from three-quarters in 2016.

The Trade Ministry on Monday urged the European Union to immediately remove countervailing duties on biodiesel imports, after the World Trade Organization backed the Southeast Asian country on several key claims in a complaint to the trade body.

Indian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say.