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President Donald Trump and an entourage that included Nvidia's Jensen Huang and Elon Musk were greeted with a lavish welcome in Beijing on Wednesday as he prepared to ask China's Xi Jinping to "open up" to US business at the start of their two-day summit.
1 day agoThe Indonesian currency hit a new historic low two weeks ago and is trading near 17,557 per US dollar as global uncertainty mounts. ...
1 day agoConsumer inflation in the United States hit a three-year high in April, government data showed Tuesday, with the economic fallout of the Iran war rippling through the world's largest economy. ...
2 days agoIndonesians effectively pay more to fly from Jakarta to Surabaya than from Denpasar to Sydney, a signal that something in the structure of the domestic market is not working as it should.
2 days agoVisitors from the Middle East, Europe and the US typically spend more and stay longer in Indonesia compared with tourists from other regions, Tourism Minister said.
3 days agoPresident Prabowo Subianto has called on ASEAN member states to accelerate the development of renewable energy and make progress on the long-proposed Trans-Borneo Power Grid, warning that energy security is an “urgent” necessity amid instability in the Middle East.
4 days agoChina's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher.
5 days agoThe share of the elderly population continues to climb and exceed10 percent for the first time in 2025.
5 days agoUS employment rose more than expected in April, alleviating some concerns about the health of the world's largest economy even as one measure of consumer confidence came in at its lowest-ever level.
6 days agoThe ruling blocks the tariffs from being implemented against just two companies and the state of Washington for now, but it could open doors to further such outcomes.
6 days agoThe share of formal employment in Indonesia has been shrinking in recent years even as the official employment rate has come down, which points to deteriorating job quality in the country’s labor market.
1 week agoSingaporean airline Scoot launched twice-weekly flights between Belitung and Singapore on Sunday, marking the route’s inaugural service.
1 week agoThe bad loan rate began to spike in November 2025 and now hovers above 4 percent, while the fintech sector has come under pressure recently following the KPPU's ruling on monopolistic practices related to interest rates.
1 week agoIn a push to reduce the burden of fuel subsidies on the state budget and boost growth in the latter two quarters, the government is planning to roll out a new incentive for purchases of electric two- and four-wheelers in June.
1 week agoEvery dollar increase in the global oil price adds a burden of about Rp 6.8 billion (around $400 million) to the state budget.
1 week agoThe Indonesian economy exceeded expectations in the first quarter as the country posted the strongest gross domestic product growth in years, thanks to a seasonal boost to consumer spending.
1 week agoThe construction of the massive seawall project will be divided into 15 segments under a “parallel development” approach, but no launch date has been determined yet.
1 week agoFiscal strains are mounting across the region, particularly South Asia, as governments spend billions of dollars on subsidies and import duty waivers to compensate.
1 week agoPlastic producers say the pressure is most acute upstream, where tight raw material supply and surging prices are driving up costs, forcing manufacturers to absorb them while trying to keep production running.
1 week agoExperts warn of rising price pressure going forward, as fuel price hikes will only fully reflect in May data.
1 week agoWhile manufacturing exports continued to expand, rising 3.96 percent in the first quarter and supported by strong nickel shipments, the gains were not enough to offset declines in mining exports caused by weaker coal shipments.
1 week agoOutput declined in April at the fastest pace in nearly a year, with firms pointing to higher input prices, material shortages and weaker purchasing power due to the ongoing US-Israeli war on Iran.
1 week agoThe Industrial Confidence Index (IKI), a monthly gauge of factory activity published by on Wednesday, came in at 51.75 last month, easing from March’s 51.86 but still above the 50 threshold that separates expansion from contraction.
1 week agoThe top US and Chinese economic officials held "candid" talks on Thursday ahead of a meeting set for May between President Donald Trump and President Xi Jinping, with both sides raising complaints about the other's trade policies, the US Treasury and Chinese state media said.
1 week agoBrussels has blacklisted the Karimun oil terminal over its alleged use in Russian oil shipments but says EU sanctions create no obligations for non-EU entities operating outside the Union.
1 week agoFederal Reserve Chair Jerome Powell closed out eight years as head of the US central bank on Wednesday with interest rates on hold, rising concern about inflation, and an announcement that he would stay on as a Fed governor for now to defend the agency's independence from Trump administration "battering."
2 weeks agoPolitical analysts and regional experts said the move to leave the groups of oil-producing nations, announced on Tuesday, was more than just a dispute over OPEC oil output quotas that Gulf sources say Abu Dhabi sees as tilted against the UAE.
2 weeks agoProtesters are set to demand an end to outsourcing and low wages, arguing that current employment practices leave workers in prolonged contractual uncertainty. President Prabowo Subianto is set to attend Jakarta's main Labor Day commemoration on Friday.
2 weeks agoAmong the key downstream projects launched on Wednesday is the development of gasoline refinery facilities in Cilacap, Central Java, and Dumai, Riau, each with a processing capacity of 62,000 barrels per day (bpd).
2 weeks agoThe government has been scrambling since earlier this month to secure supplies of naphtha, a raw material used to produce plastic, from alternative sources such as African countries, India and the United States.
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