Earlier this year, Industry Minister Agus Gumiwang Kartasasmita floated a proposal urging car manufacturers to lower new vehicle prices in a bid to reignite demand. 

The talks between Ryosei Akazawa and President Donald Trump and other senior US officials were closely watched as a barometer for Washington's negotiations with other countries reeling from US tariffs

A new incentive targeting hydrogen-powered cars might be on the books as the government considers options on how to absorb PLN's excess supply of the gas, which could help fuel Indonesia's energy transition.

Danantara chief investment officer Pandu Sjahrir said on Monday that the fund is ready to become a “liquidity provider” to Indonesia’s capital market.

Continuing jitters about US tariffs hit Asian stocks in early trade on Friday, with Japan's Nikkei tumbling more than 5 percent and gold hitting another record high.

China's yuan on Thursday fell to its lowest value against the US dollar since the global financial crisis, with the central bank cutting guidance for the sixth successive trading session against a backdrop of intensifying Sino-US trade tension.

Chinese stocks found some footing on Wednesday as state pledges to support the local market and surging interest in domestic tech firms softened the blow to sentiment from the 104 percent tariffs imposed by the US on Chinese goods.

The United States said on Tuesday that 104 percent duties on imports from China will take effect shortly after midnight, even as the administration of President Donald Trump moved to quickly start talks with other trading partners targeted by sweeping tariffs.

Asia stocks bounced off 1-1/2 year lows, European shares opened broadly higher and US stock futures pointed to a positive open for Wall Street where shares fell to their lowest in over a year on Monday, before steadying.

Both buyers and exporters of Indonesian shrimps are waiting for the negotiation result between Indonesia’s government and the Trump administration.

Just before trading resumed after the holiday break, the local bourse adapted its circuit breaker rules, first introduced during the COVID-19 crisis, to better accommodate current volatility.

Asian stocks bounced off 1-1/2-year lows and US stock futures pointed higher on Tuesday, as markets caught their breath after recent heavy selling on hopes that Washington might be willing to negotiate some of its aggressive tariffs.

Financial markets across the globe posted a third day of losses as investors worried that steep trade barriers around the world's largest consumer market could lead to a recession. 

BI held a meeting on Monday to respond to the plummeting rupiah by preparing several measures to stabilize the currency and maintain market confidence.  

Markets in Indonesia have been closed since March 28 for public holidays, and trading will resume on Tuesday, April 8. Before the break, the rupiah had already been under pressure, dropping to its lowest levels since the 1998 financial crisis. 

The Hang Seng Index ended down 13.22 percent, or 3,021.51 points, to 19,828.30 -- its heftiest drop since 1997 during the Asian financial crisis -- while the Shanghai Composite Index shed 7.34 percent, or 245.43 points, to 3,096.58.

Technically insulated from the recent rout due to its holiday closure, Indonesia’s stock market will hardly escape unscathed and is likely to take a delayed hit following the sharp sell-offs on other Asian exchanges when it reopens for trade on Tuesday.

Futures markets moved swiftly to price in almost five quarter-point cuts in US rates this year, pulling Treasury yields down sharply and hampering the dollar.

Investors had been anticipating another week of turbulence as global trading partners reacts to the harsher-than-expected tariffs. US S&P 500 E-minis stock futures were last down 4 percent. Dow E-minis were down 3.8 percent, while Nasdaq 100 E-minis were down 4.6 percent at the open on Sunday.

Many newcomers have entered Indonesia’s fragrance market by introducing products on social media before selling them on e-commerce or consignment where consumers can purchase them offline.

Indonesia exported $26.3 billion worth of goods to the US while importing only $9.5 billion, with key exports including electrical equipment, clothing and footwear, CPO and rubber.

Equities extended losses in Asia on Friday, extending a global rout inflicted by Donald Trump's tariff blitz that has inflamed a trade war and ramped up recession and inflation fears.

Coal accounts for just over a third of global electricity production and phasing it out is fundamental to meeting climate change goals.

Nike is one of several sportswear brands heavily reliant on Vietnam as a production site and higher tariffs would force the company to absorb higher costs or hike its prices at a time when it is already discounting some items to clear inventory.

Companies may try to diversify supply chains, but Trump's reciprocal 34 percent tariff on China was accompanied by 46 percent and 49 percent tariffs on Vietnam and Cambodia, respectively - all Asian countries where companies had been shifting output.

The dollar slid broadly on Thursday and the euro firmed after President Donald Trump announced more aggressive-than-expected tariffs against US trading partners, jolting the markets as investors sought safe havens such as the yen and Swiss franc.

Asian equities rose on Tuesday following Wall Street's overnight gains, while gold hit an all-time peak and Treasury yields fell as markets awaited details of US President Donald Trump's reciprocal tariffs.

Most emerging markets had a disappointing start to the week on worries that US tariffs could be more widespread, while signs that a long-awaited Russia-Ukraine ceasefire could be faltering added to the unease.

Manufacturing was boosted by workers' return to work after the traditional Spring Festival travel period in February.

Shell is scrambling to manage an unexpected surge in demand that has fueled a supply issue at its gas stations nationwide, especially during the mudik travel season, though according to BPH Migas this is primarily a distribution issue, as the company has sufficient stock at its depots.