The energy ministry has said that renewables are now competing head-to-head with coal in terms of power generation costs, and that "there is no reason anymore not to use renewables”.

Asia stocks slipped on Monday in a subdued start to a week where Japan's central bank might edge further away from its uber-easy policies, while a key reading on US inflation is expected to underpin market pricing of interest rate cuts there.

The price of uranium reached the highest level for almost 17 years on Friday, driven by constrained supply and accelerating demand, against a backdrop of renewed interest in nuclear power.

The bourse closed up 0.21 percent at 7,190.9 on Friday to mark a record high for the year, trumping its previous record booked just a day prior.

China's central bank on Friday boosted liquidity injections but kept the interest rate unchanged when rolling over maturing medium-term policy loans, matching expectations.

The IDX Composite closed in the green, rising 1.42 percent to 7,176.02, after the United States Federal Reserve maintained a fixed interest rate.

The IDX Composite rose by 0.52% to close at 7,125.31, recovering from a decline the day before. An economist expressed optimistism about Indonesia's stock market next year.

If 2022 was the year that "broke bitcoin", 2023 has been the year of trauma recovery.

Stocks in Asian markets including Jakarta rose Tuesday, following Wall Street's lead as traders awaited a bumper round of market-moving events, starting with the release of US inflation data later today.

BI also noted that of the 29.63 million merchants in the country that accepted QRIS, 92 percent were micro, small and medium enterprises (MSMEs).

Markets diverged Monday as investors awaited key US data and a Federal Reserve policy decision after labor figures last week suggested the US central bank was on course to deliver a soft landing for the economy while reining in inflation.

The IHSG closed the week on a high note, gaining 0.35 percent to 7,159.59 on news of growing foreign exchange reserves.

Asian markets mostly rose Friday as traders tried to track a Wall Street rally ahead of crucial US jobs data, while Tokyo took a hit from an extended yen rally on bets Japan will drop its ultra-loose monetary policy.

IDX Composite rebounded 0.67 percent to close at 7,134.62 on Thursday as November's forex reserves reached US$138.1 billion.

Asian stocks sank Thursday, extending a rollercoaster week across world markets as investors jockey for position ahead of key US jobs data, while oil struggled to bounce back after hitting a five-month low.

The IDX Composite closed down 0.19 percent after starting in the green on Wednesday, with analysts anticipating fluctuation over the release of key global economic data.

Asia-Pacific equities gained on Wednesday as bets firmed for a peak in interest rates among major central banks globally, pushing down bond yields.

The IDX Composite rose 0.10 percent to close at 7,100.85 on Tuesday following the OPEC+ nations’ agreement to voluntarily cut oil production.

IDX Composite achieved a new 2023 high, closing 0.48 percent higher at 7,093.6 on Monday. The previous record was set on Nov. 30 at 7,080.7.

Gold hit a fresh record Monday on growing optimism the Federal Reserve will cut interest rates in the new year, with traders shrugging off boss Jerome Powell's attempts to temper expectations.

Asian stock markets started the last month of the year on a cautious note after recent strong gains, though growing expectations Europe and the US are poised to cut rates should help ease pressure on local currencies and central banks.

The Indonesia Stock Exchange (IDX) Composite (IHSG) rebounded on Thursday, closing up 44.65 points, 0.63 percent, at 7,080.74.

The dollar extended losses Wednesday as traders ramped up bets on the Federal Reserve cutting interest rates in the new year after officials sounded optimistic notes on the battle against inflation.

The IDX Composite rose 0.39 percent to close at 7,041.07 on Tuesday, driven by gains in five sectoral indices.

Asian markets were mixed Tuesday following a tepid performance on Wall Street, with profit-taking tempering hopes for Federal Reserve interest rate cuts next year and traders awaiting key US inflation data due later this week.

Trade Minister Zulkifli Hasan has said Indonesia is close to securing rice shipments from India, despite the partial ban imposed by New Delhi.

The IDX Composite rose 0.05 percent to close at 7,013.41 on Monday, driven by global optimism and increased foreign investment.

Asian markets dipped Monday as investors look ahead to the release this week of key US inflation data that could provide a guide for the Federal Reserve's plans for interest rates going into the new year.

Many businesses in Indonesia remain under family control, but investment bankers say the segment offers ripe pickings for corporate action including initial public offerings (IPOs) once a new mindset – or a new generation – takes hold.

The IDX Composite closed at 7,009.63 on Friday with signs of the market shifting to bonds until 2024.