Several Japanese companies have inked MoUs on investment commitments to develop the nation’s new capital, long viewed as the President's pet project.

President Joe Biden's administration and congressional Republicans traded barbs on Saturday over raising the federal $31.4 trillion debt ceiling, with both sides casting the other's proposals as too extreme.

In a series of meetings, the two countries expressed their hope to expand collaboration on everything from knowledge transfer in the mining industry, to purchasing Indonesian military equipment and the opening of embassies within the two countries.

Indonesia and Iran have concluded the final stage of negotiations on a trade agreement they plan to sign between May 22 and 24.

President Joe Biden's departure Wednesday to the G7 in Japan was meant to launch a geostrategic masterclass on rallying the world's democracies against China. Instead, he will limp into an abruptly truncated journey facing concerns that the US debt ceiling row is about to tear up the global economy.

The G7 plans to launch a partnership scheme to diversify supply chains this year, ministers from the group said Saturday following finance talks in Japan ahead of a major summit next week.

ASEAN leaders have agreed to cultivate the development of the electric vehicle (EV) industry in the region with hope of one day serving not just the regional market but the rest of the world as well.

Finance leaders of the Group of Seven (G7) advanced economies will debate this week the idea of implementing targeted controls on investments to China, which analysts see as a double-edged sword that could make little headway.

ASEAN leaders declared at this week’s summit in Labuan Bajo, East Nusa Tenggara, that member countries should use their own currencies more often in intraregional trade, as the bloc aims to insulate the region from external volatility.

The negotiation on the digital economy pact will be launched in the third quarter, much earlier than the previous plan of 2025.

US Treasury Secretary Janet Yellen on Sunday warned that a failure by Congress to act on the debt ceiling could trigger a "constitutional crisis," with consequences for financial markets and interest rates.

Smaller firms are to be controlled by the National Asset Management Company (PPA) and state-owned holding company Danareksa, while the process for bigger companies is still being studied.

An industry association has warned that the deadly virus could infect up to 90 percent of the country’s livestock population of pigs, following its discovery in Riau Islands province.

Foreign buyers can purchase carbon credits in Indonesia carbon markets, but they must transact and be registered in Indonesia. 

The White House warned on Wednesday of a future of tumbling stocks and spiking unemployment if the United States defaults on its debt payments, a looming possibility as Democrats and Republicans fight over national spending.

The central banks of Indonesia and Korea have signed a cooperation agreement on local currency settlement (LCS) to allow the use of the rupiah and the won in bilateral transactions.

The United States could run out of money to pay its financial obligations -- risking a catastrophic default -- as early as the start of June, Treasury Secretary Janet Yellen said Monday, as policymakers tussle over raising the debt ceiling.

New EU rules could complicate imports of vital Indonesian commodities to Europe, and a palm oil industry representative says that could be a problem, especially where smallholder producers are involved.

The Online Streaming Act creates a legal framework to regulate digital platforms and oblige them to contribute financially to the "creation, production and distribution" of Canadian content such as music and TV shows as well as its promotion.

Indonesia will allow Freeport Indonesia and Amman Mineral Nusa Tenggara to continue exporting copper concentrate until next year despite a ban starting June. 

The International Monetary Fund called on the European Central Bank on Friday to keep raising interest rates until the middle of 2024 and on EU finance ministers to tighten fiscal policy, in concerted action to bring down high inflation.

The Bank of Japan announced a review of its longstanding monetary easing measures on Friday, but said it would maintain them for the time being in the first policy decision under new governor Kazuo Ueda.

Experts and industry representatives have described a new customs duty on the import of intangible goods as a hindrance to digital adoption, arguing that the extra layer of bureaucracy creates unnecessary administrative hassle and, ultimately, increases costs.

CPO producers will only be allowed to export four times as much as they sell in the domestic market, rather than six times as much.

Indef executive director Tauhid Ahmad said the sudden extension of a temporary ban on heavy vehicle usage reflected poor planning in traffic policies for the peak travel season.

Chilean President Gabriel Boric announced plans last Thursday to create a new state-owned company to control its lithium industry. The country has the world's largest reserves of the metal and accounts for 30% of global output.

In a ranking of 82 countries, Indonesia has dropped to 58th spot as a place to conduct business, scoring poorly in the assessments of political effectiveness and infrastructure, which suggests that structural reforms pushed by the government have had little effect so far in improving the business environment.

Representatives of gas-intensive industries have urged the government to ensure sustainable supplies of below-market gas prices for manufacturers.

The law will require companies that sell goods into the European Union to produce a due diligence statement and "verifiable" information proving their goods were not grown on land deforested after 2020, or risk hefty fines.

Bank Indonesia has kept its key interest rates unchanged for the third month in a row as the central bank deems its stance adequate to meet inflation targets and sees consumer price index (CPI) growth on a downward trajectory.