Brent crude futures LCOc1 were at $80.89 a barrel, up $3.15, or 4.1 percent, by 0745 GMT. On Monday, the contract surged to as high as $82.37, its highest since January 2025, though it pared those gains to settle 6.7 percent higher.

The first phase is projected to have an annual production capacity of 400,000 tonnes of caustic soda and 500,000 tonnes of ethylene dichloride (EDC), with operations targeted to commence in 2027.

Unlike in 2025, saving conditions entering Ramadan this year are weaker across income segments, limiting the spending before the disbursement of holiday bonuses.

Indonesia has recorded a slight increase in its inbound tourism, welcoming 1.01 million foreign visitors in January, Statistics Indonesia (BPS) data show.  

PT Daya Intiguna Yasa (MR.D.I.Y. Indonesia), Indonesia's largest home goods retailer, has officially opened its second flagship store at Summarecon Mall Bekasi 2 in Bekasi, West Java.

Asian airline shares remained under pressure on Tuesday as the US and Israeli war against Iran escalated, with carriers closely monitoring fuel price spikes and many seeing a surge in bookings as passengers switch from Middle Eastern airlines.

To mitigate further impacts, Indonesia is seeking alternative oil import sources outside the Middle East, including from the US.

Shipments of crude palm oil (CPO) surged 59.6 percent in January, while coal and steel exports declined by 16.04 percent and 0.13 percent, respectively.

Investors are closely watching developments around shipping in the crucial Strait of Hormuz which was disrupted by retaliatory Iranian attacks.

Bank Permata chief economist Josua Pardede projected that headline inflation would remain above 3 percent in the first quarter of 2026 before moderating below 3 percent toward the end of the year.

The country’s headline Purchasing Managers’ Index (PMI) rose to 53.8 in February from 52.6 in January, marking the highest reading since March 2024. The index remained above the 50-point threshold, which separates expansion from contraction.

Analysts do not rule out the possibility of oil prices hitting US$100 a barrel, a level last seen at the start of the war in Ukraine.

Maersk stated that the firm will continue to prioritize the Trans-Suez route once the situation stabilizes and security conditions permit again.

The OJK as well as industry observers have welcomed the Finance Minister's move to extend the liquidity injection policy for another six months in a bid to generate higher loan growth, while suggesting that a subsequent extension could be on the books when the current period ends in March.

Brent crude jumped 10 percent to about US$80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after US and Israeli strikes on Iran plunged the Middle East into a new war.

Local think tanks are weighing in on the limited policy space and domestic benefits of the new US-Indonesia trade deal, even as businesses and policymakers wait to decide next moves amid the limbo left by the US Supreme Court's ruling.

"Garuda Indonesia continues to actively coordinate with aviation authorities and relevant stakeholders to monitor the evolving situation," the company said in a statement Sunday.

Multiple vessels in the area have received VHF transmission from Iran's Revolutionary Guards that "no ship is allowed to pass the Strait of Hormuz".

Trump had ordered the government to stop using Anthropic, calling it a threat to national security after it refused to agree to unconditional military use of its Claude models.

The administration argued Friday for a delay of up to four months, before litigation on refunds is brought up again before the US Court of International Trade.

An analysis by Mandiri Institute showed that 72.3 million people experienced a talent mismatch last year, meaning their education levels did not align with their job requirements.

S&P Global Ratings warned that escalating debt-servicing costs are increasing the risks to Indonesia’s sovereign credit profile and could trigger a negative rating action if sustained.

The approval was made "on the condition that strict security requirements are met," the Ministry of Land, Infrastructure and Transport said in a statement.

The coal price cap for power plants is set lower than that for cement factories and mineral smelters, leaving them with the lowest priority among suppliers.

Paramount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.

Uncertainty surrounds the rollout of the Red and White Cooperatives (KDMP) program as village cooperative managers grapple with changing regulations and unclear funding.  

Last year, PT Tamaris Hidro acquired Batu Gajah hydroelectric power plant in Langkat regency, North Sumatra, which has a total installed capacity of 16 megawatts (MW) across three units.