Asian shares notched seven month highs on Wednesday, on the back of record peaks on Wall Street, as investors mostly shrugged off slightly hotter-than-expected US inflation, betting it won't derail interest rate cuts expected by the middle of the year.

Domestic car sales were down 18.8 percent year-on-year in February despite a prominent car exhibition held in Jakarta last month.

The presumptive president-elect's idea to privatize Indonesia's hospitality industry appears to have the tacit support of SOEs Minister Erick Thohir.

The flagship carrier gets a taste of Swiftonomics with a boost from concertgoers flying to Singapore. Most of the passengers came from Jakarta and Bali.

Asian stocks rose to a seven-month peak on Friday, tracking global peers as investors cheered the prospect of an imminent rate easing cycle led by major central banks, keeping the dollar and Treasury yields under pressure.

The IDX Composite rose 0.6 percent to 7,373.9 on Thursday. Positive momentum from international and domestic factors contributed to the rise.

Asian stocks rose on Wednesday as traders awaited policy cues from Beijing during its week-long annual session of parliament after a prior lack of stimulus measures disappointed some investors, while gold and bitcoin eased after touching record peaks.

Asian shares mostly slumped on Wednesday after global markets fell as traders locked in profits following recent tech-driven rallies.

The IDX Composite dropped for the fourth day on Tuesday, falling 0.40 percent in the trading day. Most sectors declined, except energy.

An excess supply of electricity in the Java-Bali grid, which has been blamed for hampering the development of renewable power, is expected to be resolved in 2028, says an executive at the state-owned electricity firm.

Two of the companies are categorized as large-scale firms with assets worth more than Rp 250 billion (US$ 15.8 million).

The IDX Composite (IHSG) dropped by 0.06 percent to close at 7,311.90 on Friday after Statistics Indonesia released inflation data for February.

The Business Competition Supervisory Commission (KPPU) has formed a special team to investigate the surge in rice prices, including looking for evidence of potential cartel behavior among rice traders.

A recently extended value-added tax (VAT) incentive is credited with stoking demand for landed properties, according to real estate agencies.

The IDX Composite slipped 0.17 percent to 7,316.11 points on Thursday as investors awaited inflation data from Statistics Indonesia (BPS).

Building on the information uncovered during a focus group discussion on Wednesday, a special team will be deployed to investigate potential market manipulation related to the surge in rice prices, the Business Competition Supervisory Commission (KPPU) has announced.

Asian shares mostly rose on Thursday ahead of the release of crucial inflation data later in the day that will help chart the Fed's rate cut timeline.

The US dollar was firm and the yen was headed for a monthly loss in the lead up to US inflation data that could ruffle the interest rate outlook, while bitcoin surged above $60,000.

The IDX Composite rose by 0.59 percent to 7,328.63 on Wednesday, with transactions totaling Rp 10.5 trillion (US$672 million).

While recessions in some developed countries including Japan had caused a decline in Indonesia's fishery exports, the industry saw growth in exports to other markets and had an opportunity to capitalize on several potential markets, a fisheries ministry official said on Tuesday.

The government has doubled the funding for an oil palm replanting program in response to low uptake. The funds are aimed at improving farmer livelihoods.

The IDX Composite bounced back slightly, up 0.02 percent at 7,285.317 on Tuesday, with the LQ45 index increasing by 0.11 percent to 992.688.

Asian shares struggled to advance on Tuesday, with slightly warmer-than-expected Japanese inflation putting investors on guard ahead of price data due in Europe and the US this week.

The Indonesia Stock Exchange (IDX) Composite concluded Monday's trading day down 11.27 points, or 0.15 percent, closing at 7,283.83.

Bulog ensured that the government rice reserves are sufficient for Ramadan and Idul Fitri, and the government is intervening in the market to stabilize rice prices.

Asian markets were mostly lower Monday, although Tokyo's key Nikkei index hit fresh all-time highs after two of the three main US indices closed at records.

Experts have warned delays are likely given how Indonesia has structured the export policy, which requires the involvement of state-run electricity firm PLN and a local content requirement (TKDN).

The average price of premium rice at the consumer level reached Rp 18,000 (US$1.15) per kilogram on Friday, a 20 percent year-on-year (yoy) increase from the Rp 14,000 per kg recorded last year.

The IDX Composite declined 0.61 percent to 7,295.09 on Feb. 23, with seven sectoral indexes contributing to the day’s downturn, even as most regional and global markets booked gains.

The Finance Ministry says that the government had not decided whether to issue yen-denominated bonds after Japan unexpectedly fell into recession.