The Middle East war is expected to drag on Asia's economies over this year and next, the Asian Development Bank warned Friday, as it predicted growth to slow to 5.1 percent across the world’s most populous region.

According to PLN, the blackout, which began at approximately 5:57 p.m., originated from a disturbance at a main substation, affecting distribution networks across multiple districts. 

US President Donald Trump said on Thursday Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the start of the Iran war, causing the worst disruption to global energy supplies in history.

Pertamina is racing to secure the release of two of its tankers stuck in the Persian Gulf through diplomatic channels, as analysts warn that the recent US-Iran ceasefire does little to guarantee safe passage through the politically charged Strait of Hormuz.

The facility is designed as an integrated melamine production chain with an annual capacity of up to 120,000 tonnes and is targeted to commence operations in the second quarter of 2027.

A de-escalation in the United States-Israeli war on Iran has helped the rupiah bounce back somewhat after approaching its historic low, but economists say the Indonesian currency remains subject to a range of risks.

The bottled water industry estimates that raw material prices could rise as much as 100 percent and effect a 25-50 percent rise in packaging costs, inevitably leading to a price hike for consumers.

Indonesian farmers face rising production costs and tighter chemical fertilizer supplies as the US-Israeli war on Iran intensifies, the Indonesian Farmers Union (SPI) has said.

The manufacturing sector’s growth trend is expected to face many challenges, including higher oil and energy prices due to US and Israeli attacks on Iran, as well as rupiah depreciation, which is pushing up production costs for certain industries.

The euro zone's private sector expansion weakened sharply in March as the Middle East war drove up energy costs and disrupted supply chains, with overall demand - a key gauge for economic health - falling for the first time in eight months, a survey showed on Tuesday.

"The world has never experienced a disruption to energy supply of such magnitude," he said in an interview with the French newspaper released in its Tuesday edition.

The energy minister has touted the competitiveness of Indonesia's avtur prices amid the economic fallout from the Iran war, even after a markup of more than 70 percent due to surging global fuel prices.

State-run Indian Potash Ltd (IPL) issued a tender on Saturday to import 1.5 million tons via the country's west coast. The remaining 1 million tons will arrive through the east coast, according to the document posted on the company's website.

The government will cover the 11-percent value added tax on domestic flight tickets to offset the impact of the price rise on travelers.

OJK has projected credit in the micro, small and medium enterprises (MSMEs) segment to grow between 7 percent and 9 percent this year, while overall loan growth is expected to reach between 10 and 12 percent. 

US President Donald Trump's tariffs sought to hurt Chinese manufacturing, but for one electronics maker, a turbulent 2025 ended with a belief that China is a location that is difficult to replicate – as long as things don't change too drastically.

Indonesia remains heavily dependent on imported naphtha, a key feedstock for plastic resins, with 70 percent of its supply coming from the Middle East.

New research findings presented on Wednesday suggest that private health insurance has been losing out to the national scheme over the last dozen years and may require intervention to avoid stagnation.

The finance ministers of Germany, Italy, Spain, Portugal and Austria pointed to a similar emergency tax in 2022 to address high energy prices.

The government will bear a burden of 350 million rupees from the fre public transit policy, the Pakistani government said.

The US economy posted unexpectedly strong job gains in March, data showed Friday, in a development hailed by US President Donald Trump – but seen with caution by analysts.

The government is preparing a host of measures to buoy the tourism industry as the economic fallout from the Middle East crisis begins impacting air travel via rising fuel costs.

Initially, the government budgeted Rp 381.3 trillion (US$22.5 billion) ​to pay for energy subsidies and also compensate state energy firm Pertamina and utility ​company PLN for their efforts to keep some fuel prices and electricity tariffs at an affordable level.

Inflation in Indonesia has slowed down in March despite surging global oil prices and elevated demand over the Idul Fitri holidays, but analysts warn of rising inflationary pressure as the Iran war drags on.

Precious metals and jewelry recorded the highest annual import growth, followed by mechanical appliances and electrical machinery.

A monthly survey by S&P Global published on Wednesday showed Indonesia’s headline Purchasing Manager’s Index (PMI) slid from 53.8 in February to 50.1 last month.  

The two countries were also expected to advance defense ties, as well as strengthen cooperation in new growth areas such as artificial intelligence and nuclear power.