The policy aims to close the widening gap between national sugar demand and local output while pushing the country closer to its sugar self-sufficiency target.

The International Monetary Fund and foreign investors see Indonesia as one of the world’s “bright spots” with strong economic fundamentals and resilience, despite the country’s vulnerability to global economic turmoil, according to Bank Indonesia.  

The state logistics agency said the increase was needed to meet rising demand as consumers shift from bulk cooking oil to Minyakita, partly driven by soaring plastic prices amid the Iran war.

The tourism industry is beginning to feel the impacts of the Iran war, prompting the government to shift its strategy toward boosting regional and domestic travel.

China's economic growth topped expectations in the first quarter of the year, official data showed Thursday, even as the global economy reels from the fallout of war in the Middle East.

Foreign investors are selling Thai assets as an energy shock from the US-Israeli war on Iran threatens to snuff out hopes for an economic revival under Prime Minister Anutin Charnvirakul and exposes the policy paralysis that is gripping Bangkok.

Tourism Minister Widiyanti Putri Wardhana sat down with The Jakarta Post’s Ni Made Tasyarani and Chloe Djalal to explain how the ministry aims to meet its targets in the tourism industry, including tourist arrivals.

Indonesia’s state-owned oil and gas company has confirmed that its refineries are capable of processing Russian crude, as the government eyes direct imports.

The city could target high-value spenders who might attend a morning conference in Sudirman but demand a world-class culinary adventure in South Jakarta at night.

PLN reports that gas reserves for power plants stand at roughly 12 days of operation (HOP), with coal reserves at 15.9 operating days as of April.

The Finance Minister said in March that the waning international perception of the country might be his fault on account of global investors not knowing who he is.

The US-sanctioned tanker Rich Starry made its way back to the Strait of Hormuz on Wednesday after exiting the Gulf the day before, shipping data showed, failing to break through a US blockade on vessels calling at Iranian ports.

US Treasury Secretary Scott Bessent said on Tuesday China had been an unreliable global partner during the Middle East war by hoarding oil supplies and limiting exports of some goods, mirroring its actions with medical goods during the COVID-19 pandemic.

Experts warned that turning PNM into a special mission vehicle (SMV) under the Finance Ministry risks duplicating existing institutions without tackling core issues like risk assessment, access and borrower repayment capacity.

Asian nations have been particularly hard hit due to a sharp fall in the crude shipments they rely on -- and have few alternatives to replace them.

The OJK emphasized that the information displayed in the SLIK system does not automatically determine whether a loan or financing application will be approved or rejected, noting that it only serves as a consideration in the credit analysis process.  

Investment realization is estimated at around Rp 497 trillion ($29 billion) in the first quarter of 2026, up about 7 percent year-on-year.

Due to the reemergence of oil prices as a key determinant amid the Iran war, monetary authorities facing renewed inflation risks are becoming less likely to cut interest rates, keeping global borrowing costs elevated and tightening financial conditions across both advanced and emerging economies.

Stocks rose and oil fell Tuesday on hopes for a deal to end the Middle East war and reopen the Strait of Hormuz, with Donald Trump saying Tehran had called to seek an agreement even as a US naval blockade around Iran's ports began.

Avtur prices have soared by over 70 percent following the outbreak of war in the Middle East.  

Retail sales have grown thanks to the consumption boost from the Idul Fitri holiday period, but consumers are feeling less optimistic about the coming months as they anticipate the economic fallout of the Iran war.

Following the legislature's earlier passage of a law authorizing him to adjust fuel excise taxes, Marcos said the cost of liquefied petroleum gas, the country's fuel of choice for cooking, would be trimmed by 3.36 pesos (5.6 US cents) per kilogram from Tuesday.

On average, across the archipelago, the number of tourists staying at hotels only peaked during March 22-23, before dropping sharply by 62-65 percent on the following day, according to PHRI.  

Carmakers warned that prolonged disruptions could affect deliveries to dealers and customers.

Oil prices surged and stocks sank Monday after US-Iran peace talks fell apart and Donald Trump announced a blockade of the strategic Strait of Hormuz, adding to fears for energy supplies from the Middle East.

The US oil benchmark rebounded above $100 a barrel on Monday after peace talks between the United States and Iran failed to make a breakthrough, and with US President Donald Trump ordering a blockade of Iranian ports.

Though the World Bank has downgraded its growth projection for Indonesia due to the economic fallout from the Iran war, a move preceded by a similar revision by the OECD last month, the government insists on the achievability of the state budget target.