Top economic officials from the US and China are due to arrive in Kuala Lumpur on Friday for talks to prevent a trade war escalation and keep next week's meeting between US President Donald Trump and Chinese President Xi Jinping on track.

The administration of President Prabowo Subianto has secured multiple trade agreements in its maiden year, partly thanks to the global pressure of an increasingly protectionist United States, but in bilateral talks with the US itself, Indonesia gave much and got little.

Oil prices rose nearly 5 percent on Thursday after the US imposed sanctions on major Russian suppliers Rosneft and Lukoil over Russia's war in Ukraine, extending gains from the previous session.

Agriculture Minister Amran Sulaiman projects Indonesian exports soaring to Rp 2.4 quadrillion as the government accelerates downstream processing of coconuts and other key commodities.

Presidents of the two countries witnessed the signing of agreements on oil, gas, electricity, technology, mining and agriculture, coming several months after US President Donald Trump imposed a tariff rate of 19 percent on imports from Indonesia under a new pact, and a 50-percent tariff on Brazilian products.

In parallel with the rapid growth of Indonesia’s digital economy, the digital advertising sector has become a key driver in supporting business growth across the country.

PT Unilever Indonesia has reported strong profit growth for this year’s first nine months, but that comes after sales nosedived last year.

"As agreed by both China and the United States... vice premier He Lifeng will lead a delegation to Malaysia from October 24 to 27 and hold economic and trade talks with the United States," Beijing's commerce ministry said in a statement.

Homegrown multi-brand cloud kitchen operator Hangry has raised US$10.5 million in its Series A5 funding round, the company said on Wednesday, as it seeks to expand operations and push into foreign markets.

The e-commerce colossus known for its promise of quick deliveries showed off robotic arms and other high-tech warehouse tools in Silicon Valley, saying AI is not only powering innovations but accelerating how quickly they are developed by the second largest employer in the United States.

Funded with a budget of Rp 8 trillion, the government is rolling out a training program for 500,000 workers as a key initiative under a new task force responsible for accelerating strategic programs.

Germany's Volkswagen warned Wednesday that its car production could be hit by a shortage of Nexperia semiconductors amid a deepening row between China and the Netherlands over the chipmaker.

While the government’s call for unity resonates, experts and business leaders caution that the state-centric approach may stifle market forces unless accompanied by reforms to lower economic costs and strengthen the rule of law.

Hong Kong and Indonesia, as key players in Asia, exemplify internationalism and openness, leveraging their unique strengths—Indonesia as ASEAN's largest economy and Hong Kong as gateway to Chinese Mainland and global markets —to foster greater economic complementarity and synergy.

Bank Indonesia has kept its benchmark interest rate in place after decreasing it by 25 basis points (bps) in each of the past three months, but the central bank is open for further cuts to encourage lending and push economic growth to its true potential.

The price reduction will apply to economy class domestic flights for travel between Dec. 22 and Jan. 10, 2026, with the discounted tickets available for booking from Oct. 22 to Jan. 10, 2026.  

The European Commission proposed a further softening of the EU anti-deforestation law on Tuesday, relieving the reporting burden for many smallholders and businesses in select countries but stepping back from delaying the world-first green policy by another year.

Ethanol can be produced from sugarcane, cassava or corn. Agriculture Minister Amran Sulaiman said preparing 1 million hectares of agricultural lands to cultivate the commodities was a directive from President Prabowo Subianto.  

Global shares slipped on Wednesday and gold pulled back sharply from a blistering rally, as stretched valuations came under scrutiny and investors booked profits.

Oil lifting has surpassed the target started in the state budget for the first time since 2008, Energy Minister Bahlil Lahadalia announced, citing rising production and new measures to legalize tens of thousands of community-run oil wells.

The government has set its sights on turning Bali into a global financial hub as it seeks to move forward with the family office plan thought up by the previous presidential administration, but there are doubts as to whether the resort island is cut out for such a role.  

The President envisions all top-level government officials switching to domestically produced cars to foster national pride, support the local automotive industry and reduce dependence on imported vehicles.

One of Indonesia's wealthiest businesswomen, Kartini Muljadi, passed away on Monday evening.

Amid the slowdown in financing growth this year, the multifinance industry needs to find new strategies that can adapt and innovate with current conditions to stay both competitive and relevant.

The White House said US investments into Australia would unlock deposits of critical minerals worth $53 billion, without offering many details.

The buyback, set to run from Oct. 22 to Jan. 19, 2026, comes as the company announced its third-quarter performance on Monday.

The Chinese government has made a statement regarding the debt of the Jakarta-Bandung high-speed rail (HSR) service Whoosh, saying its benefits go beyond key financials.