The government will no longer offer electricity subsidies or wage subsidies for low-income workers in the new subsidy package.

The Upstream Oil and Gas Regulatory Task Force (SKK Migas) is ramping up efforts to boost national oil and gas output, with 15 projects targeted to come onstream in 2025. As of the end of July, four of those projects have begun production.

France called a framework trade deal between the United States and European Union a "dark day" for Europe, saying the bloc had caved in to US President Donald Trump with an unbalanced deal that slaps a headline 15 percent tariff on EU goods while sparing US imports from any immediate European retaliation.

The deal represents about 7.6 percent of Samsung's projected annual sales for 2024, the company said.

In a bid to accelerate absorption and address the national backlog, the housing ministry has proposed setting up a Bulog-like agency to purchase completed homes from developers for reselling to the market under the government's "3 million homes" program.

Since its founding nearly five centuries ago, Jakarta has always been a melting pot of cultures and communities, each bringing a touch of heritage as they settle into the sprawling megapolitan they now call home.

Top US and Chinese economic officials will resume talks in Stockholm on Monday to try to tackle longstanding economic disputes at the center of a trade war between the world's top two economies, aiming to extend a truce by three months and keeping sharply higher tariffs at bay.

CK Hutchison said on Monday it was in talks with a consortium pursuing its US$22.8 billion ports business to add a Chinese "major strategic investor" to the bid, after Beijing flagged a probe into the deal amid heightened Sino-US tension.

The United States and European Union on Sunday clinched what President Donald Trump described as the "biggest-ever" deal to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade war.

A US solar industry alliance has filed a trade petition to counter the influx of cheaper, foreign-made solar panels, including from China and Southeast Asian countries, but Indonesian manufacturers are as yet unbothered by the potential for extra tariffs.

The government plans to use the simplified categories "special" and "regular", with Bappenas to set the standard price for the latter, to combat the illicit practice of blending different grades of rice for selling at premium prices, which the President has condemned as a brazen "criminal act".

Australia's Prime Minister Anthony Albanese said on Sunday that a decision to ease rules on US beef imports was not prompted by US President Donald Trump.

EU chief Ursula von der Leyen and US President Donald Trump said Friday they would meet in Scotland this weekend in a decisive push to resolve a months-long transatlantic trade standoff.

While acknowledging the inherent trust demonstrated by foreign banks in committing to such a large amount, and without collateral at that, economists have questioned the urgency of the move and cautioned about potential risks such as mismanagement and project selection.

Indonesia has yet again recorded a drop in the poverty rate that signals a narrowing of inequality as measured through the Gini coefficient.

The initiative, which could cost around $100 billion, would involve building solar farms of 1 to 1.5 hectares in each village across the archipelago.

Southeast Asia is now a leader in sustainable business growth. While companies around the world have reacted to a backdrop of global instability by watering down their sustainability commitments, the region’s private sector is staying the course and forging ahead.

The initial CEOR phase could increase output by 2,800 barrels per day (bpd), with production rising to between 30,000 and 50,000 bpd by 2028 after further scaling.

Asian stocks fell Friday as their latest rally ran out of legs, with sentiment weighed by strong US jobs data that saw investors row back their expectations for interest rate cuts.

The initiative aims to monetize around 100 million tonnes agricultural waste a year, which come from the palm oil and sugar industries, among others.  

A trade agreement between Indonesia and the United States set to include provisions on personal data transfers has raised alarms about the potential undermining of Indonesia’s data sovereignty.  

Energy and Mineral Resources Ministry secretary general Dadan Kusdiana insists that critical mineral exports to the US will remain strictly regulated under domestic laws, despite a new bilateral agreement to remove trade barriers.

The government has reiterated its commitment to accelerate the extension of the Whoosh Jakarta-Bandung line to Surabaya, despite experts' warnings that the train’s heavy losses could make the expansion a risky move.

Ursula von der Leyen, the president of the European Union Commission, called for an "essential" rebalancing of trade ties with China, saying ties stood at an "inflection point".

It is the firm’s third consecutive quarter of declining profitability, as the company faces intensifying electric vehicle competition and contends with backlash over Elon Musk’s political activities.

Indonesia also agreed to remove local content requirements for US firms, recognize US standards for vehicle and medical products, drop onerous licensing on US farm goods while recognizing US regulatory oversight and lift labeling and pre-shipment inspection mandates.

Without mandatory government blending program and subsidy mechanisms, the biodiesel market would not be commercially viable, experts say.