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Interest rates were kept steady at a range of 3.50 percent to 3.75 percent, with officials flagging one expected cut by the end of the year.
3 weeks agoIran's huge Pars gas field was hit on Wednesday in the first reported strikes on Iranian energy infrastructure in the Gulf during the US-Israeli war, a major escalation that prompted Tehran to warn its neighbors to evacuate their energy installations. ...
3 weeks agoSome online travel agents have stepped in line with the government's calls for clearer information on ticket availability and transit flights, especially those with overseas layovers, to help mudik travelers reach their holiday destinations. ...
3 weeks agoThe government is focusing on gathering data and evidence for its rebuttal strategy against the USTR's new Section 301 probes into unfair trade practices, which are racing toward a July deadline, when Washington's latest 10 percent tariff expires.
3 weeks agoAsia 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.
3 weeks agoUncertain economic prospects and delayed or absent holiday allowance disbursements have made some consumers more cautious, prompting them to spend less and save more.
3 weeks agoBank Indonesia (BI) has left its benchmark interest rate unchanged as the United States-Israel war on Iran puts pressure on the rupiah, prompting the central bank to respond with forex market intervention and tighter foreign exchange controls.
3 weeks agoInternational Finance Corporation (IFC), the World Bank Group’s private sector arm, has urged Indonesia to prioritize the growth of more productive, higher-value businesses through regulatory reforms.
3 weeks agoThe President's brother, who heads the public housing task force, says he has temporarily allayed Prabowo's concerns by pointing to the relatively recent existence of the housing ministry as a stand-alone institution.
3 weeks agoAustralia's central bank raised its cash rate for a second straight month on Tuesday, saying higher borrowing costs were needed to contain inflation, though a very tight vote suggested further tightening is far from certain.
3 weeks agoInternational Energy Agency chief Fatih Birol said Monday more strategic oil stocks could be released if necessary to limit the fallout of from the near complete blockage of supplies through the Strait of Hormuz owing to the war on Iran.
3 weeks agoNearly half of the country’s daily fuel use is met through imports as consumption climbed to 232,417 kiloliters per day in 2025.
3 weeks agoThe government has emphasized that lifting the fiscal deficit cap, which sits at 3 percent of GDP, could only happen in a crisis, and that it is focusing instead on slashing government spending.
3 weeks agoThe agreement is expected to strengthen the security and reliability of the critical minerals supply chain for both countries while supporting the development of clean energy technologies using Indonesia's mineral resources.
3 weeks agoIndustry players estimate that packaging costs in the bottled water industry could increase by as much as 45 percent if supply disruptions persist.
3 weeks agoUS President Donald Trump said Sunday he had the authority to impose duties despite the US Supreme Court last month striking down his global tariffs.
3 weeks agoOil prices hovered around US$100 a barrel Monday and stocks fluctuated as the Iran war moved into a third week with both sides showing no sign of backing down and diplomats trying to ensure safe passage for tankers through the crucial Strait of Hormuz.
3 weeks agoAnalysts warned that many potential beneficiaries of subsidized housing programs work in the informal sector, with little job and income stability.
3 weeks agoThe government says this year’s fiscal deficit may temporarily exceed the legal limit for the sake of maintaining economic growth should oil prices remain elevated for a prolonged period as the US-Israeli war on Iran rages on.
3 weeks agoPrabowo said he has no plan to revise Indonesia's legally mandated deficit cap of 3 percent of GDP "unless there's a very big emergency like COVID."
3 weeks agoUS Federal Reserve policymakers are expected to leave interest rates unchanged at their meeting next week, as the US-Israel war on Iran sends shock waves through markets and recent economic data has begun to show weakness.
4 weeks agoThe bourse is racing against time as it tries to finish new rules on formalizing a minimum free float hike from 7.5 to 15 percent as part of its proposed solution to MSCI, with the Nyepi-Idul Fitri extended holiday just around the corner.
4 weeks agoGoogle's final challenge against the KPPU's anti-monopoly ruling last year ended in failure on Tuesday, when the Supreme Court issued a decision to uphold the competition watchdog’s US$12 million fine and related orders against the mandated the use of its payment system for local developers.
4 weeks agoIran warned it could target United States "hideouts" in the United Arab Emirates as a major UAE energy hub suffered disruption after a drone attack on Saturday, and US President Donald Trump said "many countries" would send warships to the region.
4 weeks agoIf Meta settles on the 20 percent figure, the layoffs will be the company's most significant since a restructuring in late 2022 and early 2023 that it dubbed the "year of efficiency."
4 weeks agoUS trade investigations against Indonesia and other countries over alleged unfair practices could give Washington new leverage in bilateral negotiations after the US Supreme Court struck down the initial legal basis for the Agreement on Reciprocal Trade (ART).
4 weeks agoTo prevent power outages, Energy and Mineral Resources Minister Bahlil Lahadalia said that closures would be carried out gradually.
4 weeks agoUS President Donald Trump's administration launched a new trade investigation on Wednesday into excess industrial capacity in 16 major trading partners in a move to rebuild tariff pressure after the US Supreme Court tore down the centerpiece of Trump's tariff program last month.
4 weeks agoIndonesia exported around $2.5 billion worth of coffee products last year, excluding instant coffee, with most of the products shipped to the United States, Belgium, Germany and Egypt.
4 weeks agoJury deliberations are set to begin Friday in a landmark social media addiction trial accusing Meta and YouTube of intentionally trying to hook young internet users.
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