The government will cover the 11-percent value added tax on domestic flight tickets to offset the impact of the price rise on travelers.

OJK has projected credit in the micro, small and medium enterprises (MSMEs) segment to grow between 7 percent and 9 percent this year, while overall loan growth is expected to reach between 10 and 12 percent. 

The project, which will be developed on land owned by state-owned railway operator Kereta Api Indonesia, to be carried out using Astra’s corporate social responsibility funds.

Southeast Asia's largest low-cost carrier AirAsia X said Monday it was raising ticket prices and cutting routes to cushion the impact of the war on Iran, but stressed demand for flights remained high.

US President Donald Trump's tariffs sought to hurt Chinese manufacturing, but for one electronics maker, a turbulent 2025 ended with a belief that China is a location that is difficult to replicate – as long as things don't change too drastically.

Crude oil prices opened higher on Monday, with US benchmark West Texas Intermediate up 1.86 percent to US$113.62 a barrel, as the war in the Middle East continues to squeeze global energy supplies.

Indonesia remains heavily dependent on imported naphtha, a key feedstock for plastic resins, with 70 percent of its supply coming from the Middle East.

New research findings presented on Wednesday suggest that private health insurance has been losing out to the national scheme over the last dozen years and may require intervention to avoid stagnation.

The finance ministers of Germany, Italy, Spain, Portugal and Austria pointed to a similar emergency tax in 2022 to address high energy prices.

The government will bear a burden of 350 million rupees from the fre public transit policy, the Pakistani government said.

The US economy posted unexpectedly strong job gains in March, data showed Friday, in a development hailed by US President Donald Trump – but seen with caution by analysts.

Caps on how much fuel motorists may buy per day could be troublesome to enforce on the ground and will not eliminate the fiscal headache of high global oil prices.

The proposed reforms were unveiled after index provider MSCI warned in late January that the country was ​at risk of being downgraded amid concerns about a lack of transparency around stock ownership and ​trading.

India sources most of its palm oil from Indonesia and Malaysia, while soy oil and sunflower oil are imported mainly from Argentina, Brazil, Russia and Ukraine.

The government is preparing a host of measures to buoy the tourism industry as the economic fallout from the Middle East crisis begins impacting air travel via rising fuel costs.

The government is taking a cautious policy approach as INACA presses the urgent need to adjust the airfare cap to reflect a jump in avtur prices of over 70 percent as a result of the Middle East crisis.

Oil prices spiked and stocks sank on Thursday after Donald Trump reiterated that US forces would hammer Iran for another two to three weeks but offered no solution to the closure of the Strait of Hormuz that has crippled global markets.

Initially, the government budgeted Rp 381.3 trillion (US$22.5 billion) ​to pay for energy subsidies and also compensate state energy firm Pertamina and utility ​company PLN for their efforts to keep some fuel prices and electricity tariffs at an affordable level.

Inflation in Indonesia has slowed down in March despite surging global oil prices and elevated demand over the Idul Fitri holidays, but analysts warn of rising inflationary pressure as the Iran war drags on.

Experts noted that similar maximum interest rate rules exist in other countries, but argued that Indonesia’s implementation needs improvement.  

Precious metals and jewelry recorded the highest annual import growth, followed by mechanical appliances and electrical machinery.

A monthly survey by S&P Global published on Wednesday showed Indonesia’s headline Purchasing Manager’s Index (PMI) slid from 53.8 in February to 50.1 last month.  

The two countries were also expected to advance defense ties, as well as strengthen cooperation in new growth areas such as artificial intelligence and nuclear power.

The government estimates the measures, which enter into force Wednesday and are to be reviewed every two months, would save between Rp 121 trillion and Rp 130 trillion ($7.1-7.6 billion).

Asian stock markets including Jakarta rallied Wednesday after US President Donald Trump said the Middle East war would be over in up to three weeks and his Iranian counterpart said Tehran had "the necessary will" to bring it to an end.

The government will not hike fuel prices heading into the new month despite growing pressure on the state budget because of a rapid rise in global oil prices as nations scramble for crude oil amid the United States-Israeli war on Iran.

Euro zone inflation soared past the European Central Bank's 2 percent target this month as surging oil and gas costs drove up headline prices, but the jump was smaller than expected and core inflation declined, muddying the picture for policymakers.