Stock markets in Tokyo and Seoul spiked by more than three percent at one point, while those in Hong Kong, Sydney, Shanghai, Singapore, Wellington and Taipei also rallied.

The Philippines is also keeping the option of increasing its coal imports from top supplier Indonesia in an effort to reduce electricity rate hikes.

Analysts noted that some of Danantara’s investments over the past 12 months have potential, but others are less promising, with many still at the planning stage.

Evidence shows that Indigenous, community-based mitigation systems are effective in saving lives during disasters. Therefore, legal recognition of Indigenous communities and customary forests is an urgent priority, alongside efforts to strengthen local knowledge systems and ensure their sustainability.

The firm said the move aims to access offshore capital while ramping up production at its flagship Pani gold mine in Pohuwato, Gorontalo.

Rail transport carried the largest share of passengers at 3.3 million, rising 13.46 percent year-on-year.

Spending during Ramadan this year marked an overall shift in composition as consumers moved away from leisure toward necessities, giving policymakers clues as to how best to realign seasonal measures.

Markets were taken on a rollercoaster ride at the start of the week after Trump added five days to his Saturday ultimatum for Iran to reopen the Strait of Hormuz within 48 hours, citing productive talks with unidentified Iranian officials, which Tehran has denied.

President Prabowo Subianto has declared that Indonesia’s aggressive push for food and energy self-reliance is not rooted in ideology but in "common sense", as it is required to survive a volatile global landscape.

Coordinating Economy Minister Airlangga Hartarto also recommended that the private sector enforce the rule, which aims to reduce energy consumption amid global market volatility.

The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.

Freeport to restart Grasberg Block Cave output within weeks, targeting a gradual ramp-up.

Iran said on Sunday it would strike the energy and water systems of its Gulf neighbors if US President Donald Trump followed through with a threat to hit Iran's electricity grid in 48 hours.

Despite global headwinds, the finance minister expects economic resilience, buoyed by spending over and beyond Idul Fitri, will help achieve 5.5-5.7 percent growth in the first quarter.

Chinese Premier Li Qiang pledged on Sunday to further open up the economy and fully implement national treatment for foreign enterprises, as the country seeks to reassure the outside world amid rising global trade tensions.

OpenAI will begin showing ads to all users of the free and Go versions of ChatGPT in the United States in the coming weeks, a company spokesperson said in an emailed statement to Reuters.

The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply, United States Treasury Secretary Scott Bessent posted on X.

Indonesia has turned into a net importer of crude oil and fuels since early 2000s as output declined while demand kept rising, leaving Southeast Asia’s largest economy vulnerable to global price shocks. 

President Donald Trump said Friday that he was considering "winding down" military operations against Iran, as the United States temporarily eased sanctions on Iranian oil shipments to stem a global supply crisis.

The government is holding subsidized fuel prices steady through year-end as global oil price tops US$100 a barrel, with Finance Minister Purbaya Yudhi Sadewa saying the state will absorb the shock rather than pass it on to consumers.

US Treasury Secretary Scott Bessent said Thursday that Washington might lift sanctions on Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East.

Last year, China sent Brazil, Indonesia and Thailand roughly a fifth of their fertilizer imports and that figure stood at a third for Malaysia and New Zealand, according to International Trade Centre data. For India, it was around 16 percent, according to its trade data.

Michael, an Indonesian of Chinese descent born in Kudus, Central Java, in 1939, jointly owned the Djarum Group with his brother Robert Budi Hartono, both sons of Djarum founder Oei Wie Gwan. Their father established the company in 1951 with just 10 employees, and it grew into one of the world’s largest clove cigarette firms with tens of thousands of workers.

China's show of willingness to work with the region of more than 700 million people would be welcome relief to Southeast Asian oil importers after an order by Beijing earlier this month to ban Chinese exports of diesel, gasoline and jet fuel.

Asia spot LNG prices have doubled to three-year highs in the second major supply shock in four years, as shipping through the Strait of Hormuz has all but stopped and No. 2 global exporter Qatar has halted shipments. 

The cost of the subsidised RON95 transport fuel, available for all Malaysian citizens, will be kept at 1.99 ringgit per litre, with the government expected to spend over 3 billion ringgit ($763.36 million) per month to fund its fuel subsidy bill, the ministry said in a statement late Wednesday. 

As a result of the war between Iran and the US and Israel, global crude oil prices have increased to above US$100 per barrel, far exceeding the $70 per barrel assumption in the 2026 state budget, which may result in higher energy subsidies.