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.

President Donald Trump said on Friday his administration will conduct a "major" tariff investigation on furniture entering the United States, a step toward imposing higher duties on a sector already seeing tariff-fueled price increases.

Experts point to waning interest from corporate sponsors, especially SOEs that have “reallocated budgets” to programs more closely tied to government priorities, as a key driver behind the wave of festival cancellations.

BMS Foods says it has suspended all production and shipments to the United States pending investigations by Bapeten, BRIN and the Maritime Affairs and Fisheries Ministry.

The manufacturing sector showed notable improvement as its headline PMI rose to 50.5 from 49.8 in July, moving into expansion territory for the first time in more than three years.

Bank Indonesia (BI) has flagged declining loan growth in the country’s banking industry amid stricter lending standards and weak demand, emphasizing the need to boost credit disbursement to push national economic growth.  

Analysts urge the government to diversify supply sources and strengthen energy security to avoid overdependence on costly routes.

Though not yet enacted, experts see a threatened 40-percent tariff on transshipped goods as a serious risk given Southeast Asia’s deep connection with Chinese manufacturers.  

The multi-finance industry is entering a phase of more limited growth this year, with Bank Mandiri projecting receivables expansion will remain relatively flat at around Rp 500 trillion in the remaining months of the year.

Amid ongoing geopolitical turbulence and rising uncertainty in the global economy, the Association of Southeast Asian Nations (ASEAN) continues to demonstrate remarkable resilience and sustained growth.

The share of the state budget controlled by Jakarta is expected to climb from 72 percent in 2021 to 83 percent in 2026, leaving most programs to be designed and implemented by the central government.

BCG sees modern warehousing, cold chain and third-party logistics as hot bets in Indonesia’s booming logistics sector.

Singapore's non-oil domestic exports slipped 4.6 percent in July from a year earlier, government data showed Monday, as shipments to the United States plunged by more than 40 percent.

President Prabowo Subianto has increased the allocation for his flagship free meals program by nearly threefold from this year’s budget, reaching Rp 335 trillion in 2026.

Industrial output grew 5.7 percent year-on-year in July, National Bureau of Statistics (NBS) data showed on Friday, the lowest reading since November 2024, and compared with a 6.8 percent rise in June

Japan eked out modest growth in the second quarter despite painful United States tariffs, official data showed Friday, in welcome news to embattled Prime Minister Shigeru Ishiba.

Despite having a similar tariff to other Southeast Asian countries, Indonesia has an edge of its vast consumer market potential.

The government plans to make the Red and White Village Cooperatives (KDMP) the main option for people to buy medication by selling some at lower prices than those offered by modern retailers.

Analysts suggested that Indonesia scale up production to attract more manufacturers seeking new destinations, which could spur corporate investment and growth in the country.  

The White House reiterated its position that there are "large and persistent annual US goods trade deficits" and they "constitute an extraordinary threat to the national security and economy." 

The government has tasked Danantara with financing a range of projects, from overhauling underperforming fish farms along Java’s northern coast to reviving long-stalled waste-to-energy (WtE) projects.

Excluding the March data, when consumption typically spikes during Idul Fitri, boosting retail sales, annual retail sales index growth has remained weak since October of last year.

They agreed to boost cooperation in fields including defense, narcotics, food security, energy, fisheries and mining, without providing details.

Bank Indonesia's monthly CCI improved slightly in July to indicate a more positive outlook among consumers, indicating that household spending could drive growth in the second half, though at least one economist has advised keeping an eye on the jobs figure and savings ratio for the medium term.

Michelle Bowman also made the case that price increases from President Donald Trump's sweeping tariffs this year will likely represent "a one-time effect."

The Indonesia Motorcycle Show, scheduled for September, is expected to serve as a catalyst and lift overall industry sentiment.

Economists from multiple research organizations have urged Statistics Indonesia (BPS) to reveal the calculation behind the recently released gross domestic product (GDP) data after growth far exceeded projections.

Experts have said there is little chance ASEAN could pursue joint arrangements like the EU, despite surface similarities between the two blocs.

Despite earlier hopes that the 19 percent US tariff deal would tip the scales in Indonesia’s favor, it was later revealed that regional peers such as Malaysia, Thailand, the Philippines and Cambodia also received the same rate.

China's exports to the US fell 21.67 percent last month from a year earlier, the data showed, while shipments to ASEAN rose 16.59 percent over the same period.