The announcement drew swift condemnation from the European Union and from Canadian Prime Minister Mark Carney, who called it a "direct attack" on Canadian workers.

Experts from CELIOS and the EIU have both cautioned of potential economic repercussions from the recently passed TNI Law revision, particularly as regards the investment climate vis-à-vis external perceptions of Indonesia's democracy.

The trade minister says the government is preparing several strategies to stave off potential impacts of impending US tariffs and any miscommunication over Prabowo's food self-sufficiency agenda, as the country still relies on certain agricultural imports.

The decision came after Prabowo held a meeting with New Development Bank (NDB) president Dilma Vana Rousseff at the State Palace in Jakarta on Tuesday.

In the longer term, a significant factor contributing to the weakening of aggregate consumption is the shrinking middle class, the primary driver of economic growth.

GoPay has introduced the Government Program page on the GoPay App, which contains key information about various government programs aimed at the general public.

The national currency temporary hit its lowest rate since the 1998 Asian Financial before inching back up to Rp 16,580 per dollar on Tuesday evening, the depreciating trend caused by investors jittery about the incoming US tariffs and geopolitical uncertainty, as well as domestic pressures.

The new state-owned agriculture holding company, which reuses the name of a previous company associated with permit fraud, is to manage three subsidiaries in food, plantations and fisheries, despite the existence of other SOEs operating in these sectors.

BRI, CNMA and several other listed companies have all moved to buy back shares during the March 21-June 20 period this year amid a declining trend on the Indonesian bourse.

As competition grows, and ahead of the launch of its new Model Y mid-size SUV, Elon Musk's battery-electric (BEV) brand has sold 42.6 percent fewer cars in Europe so far this year, data from the European Automobile Manufacturers Association (ACEA) showed.

Investors have been focused on the impending reciprocal tariffs promised by US President Donald Trump and its impact on the global economy as trade war fears grip markets. 

JETP, a financing commitment from rich nations and global lenders to help poorer nations adopt cleaner energy, has earmarked $20 billion to help Indonesia cut its emissions. 

Stocks are the second-largest component of life insurers' investment portfolios, after government bonds.

The government is looking to develop genetically modified organisms (GMO) to boost domestic soybean production and reduce imports in a move experts say is “unnecessary” as it is expected to fail to address key hurdles in national soybean production.

Analysts caution that the fund’s success will hinge more on its execution than on the prominence of its board members.

The government has formed a task force to accelerate the energy transition and green economy development in the country as part of its effort to achieve its targets in both areas as per the 2025-2029 National Medium-Term Development Plan (RPJMN).

New sovereign fund Danantara Indonesia on Monday unveiled its "dream team" to chart its strategy, which included ex-presidents and advisory roles for hedge fund manager Ray Dalio, economist Jeffrey Sachs and influential former Thai premier Thaksin Shinawatra.

The event industry in Bali is under pressure from austerity measures, according to industry representatives, with significant revenue declines recorded as a result of reduced government trips and events.

No stranger to blending business and politics, the US president got a taste of the hazards recently when the elegant clubhouse of the Trump Turnberry golf resort in Scotland was splashed in blood-red paint, an immaculate green spray-painted with the words: "GAZA IS NOT 4 SALE."

Financial markets made a mixed start on Monday with US stock futures rising but the dollar wavering ahead of a week driven by data, Chinese earnings and the threat of steep US tariff hikes on the horizon.

Credit rating agencies warn that a downgrade could be on the horizon if the government struggles to sustain economic growth or allows the fiscal deficit to widen by prioritizing political commitments over prudent financial management.

Rahmad Pribadi, president director of PT Pupuk Indonesia, said the state-owned fertilizer producer will invest Rp 116 trillion (US$7billion) to boost fertilizer production.

US Senator Steve Daines, a strong supporter of President Donald Trump, met with China’s economy tsar, Vice Premier He Lifeng, on Saturday, marking the first visit by a US politician to Beijing since Trump returned to the White House.

Worth hundreds of billions of euros, the so-called spending "bazooka" has been pushed by the likely next chancellor Friedrich Merz, whose center-right CDU/CSU won elections last month and is now in coalition talks with the center-left Social Democrats (SPD).

Donald Trump's top trade chief, Jamieson Greer, plans to speak with his Chinese counterpart next week, the US president said on Friday amid an escalating tariff war.

As Idul Fitri approaches, tens of millions of employees look forward to their annual holiday bonus (THR). To some, it’s a well-deserved reward to be used for instant gratification, but financial planners suggest keeping at least some for a rainy day.  

According to the National Nutrition Agency (BGN), which runs the free nutritious meal program, the new injection is expected to cover the cost of the full-scale program, estimated at Rp 25 trillion per month, once it launches in September