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China's show of willingness to work with the region of more than 700 million people would be welcome relief to Southeast Asian oil importers after an order by Beijing earlier this month to ban Chinese exports of diesel, gasoline and jet fuel.
7 hours agoThe cost of the subsidised RON95 transport fuel, available for all Malaysian citizens, will be kept at 1.99 ringgit per litre, with the government expected to spend over 3 billion ringgit ($763.36 million) per month to fund its fuel subsidy bill, the ministry said in a statement late Wednesday. ...
10 hours agoInterest rates were kept steady at a range of 3.50 percent to 3.75 percent, with officials flagging one expected cut by the end of the year. ...
16 hours agoUncertain economic prospects and delayed or absent holiday allowance disbursements have made some consumers more cautious, prompting them to spend less and save more.
1 day agoInternational Finance Corporation (IFC), the World Bank’s private sector arm, has urged Indonesia to prioritize the growth of more productive, higher-value businesses through regulatory reforms.
2 days agoThe President's brother, who heads the public housing task force, says he has temporarily allayed Prabowo's concerns by pointing to the relatively recent existence of the housing ministry as a stand-alone institution.
2 days agoAustralia's central bank raised its cash rate for a second straight month on Tuesday, saying higher borrowing costs were needed to contain inflation, though a very tight vote suggested further tightening is far from certain.
2 days agoThe government has emphasized that lifting the fiscal deficit cap, which sits at 3 percent of GDP, could only happen in a crisis, and that it is focusing instead on slashing government spending.
3 days agoThe agreement is expected to strengthen the security and reliability of the critical minerals supply chain for both countries while supporting the development of clean energy technologies using Indonesia's mineral resources.
3 days agoIndustry players estimate that packaging costs in the bottled water industry could increase by as much as 45 percent if supply disruptions persist.
3 days agoUS President Donald Trump said Sunday he had the authority to impose duties despite the US Supreme Court last month striking down his global tariffs.
3 days agoUS Federal Reserve policymakers are expected to leave interest rates unchanged at their meeting next week, as the US-Israel war on Iran sends shock waves through markets and recent economic data has begun to show weakness.
4 days agoUS trade investigations against Indonesia and other countries over alleged unfair practices could give Washington new leverage in bilateral negotiations after the US Supreme Court struck down the initial legal basis for the Agreement on Reciprocal Trade (ART).
6 days agoUS President Donald Trump's administration launched a new trade investigation on Wednesday into excess industrial capacity in 16 major trading partners in a move to rebuild tariff pressure after the US Supreme Court tore down the centerpiece of Trump's tariff program last month.
6 days agoPertamina will partner with foreign investors to develop a strategic crude oil storage facility in Sumatra, aiming to increase the national reserves storage capacity to 90 days, a senior government official has said.
1 week agoThe US government is launching two new trade investigations into excess industrial capacity in 16 major trading partners, including Indonesia, to rebuild tariff pressure after the US Supreme Court tore down much of Trump's tariff program last month.
1 week agoSoaring medical claims would force private insurers to raise premiums, ultimately squeezing individual policyholders and employers, who may either cut coverage or pass costs on to workers.
1 week agoThe target for year-on-year GDP growth of 5.5 to 6 percent in the first quarter remains in place, Finance Minister Purbaya Yudhi Sadewa announced on Wednesday.
1 week agoThe economy of Batam continued to show strong momentum toward the end of 2025, with economic growth reaching 7.49 percent year-on-year (yoy) in the fourth quarter (Q4), the highest among regions in Riau Islands province.
1 week agoMicro, small and medium enterprise (MSME) loans contracted by 0.53 percent year-on-year (yoy) in January to Rp 1,482.9 trillion, amid “global and domestic economic dynamics” and a slower post-pandemic recovery.
1 week agoThe selection process is accelerated because of concerns about financial market volatility due to conflict in the Middle East, Finance Minister Purbaya Yudhi Sadewa said.
1 week agoEconomists say the downward revision could raise lenders’ funding costs and put pressure on share and bond prices, though strong capital and profitability should cushion the impact.
1 week agoRespondents to the BI survey believe that sales will remain “relatively stable” in April and increase in July, driven by the school vacation “peak season” during that period.
1 week agoThe government may accelerate plans to expand the use of biofuel and bioethanol as soaring global oil prices triggered by the Middle East conflict raise concern over the cost of imported fossil fuels.
1 week agoThe currency briefly breached the psychological threshold of Rp 17,000 per US dollar on Monday morning, flirting with the historic low of Rp 17,300 registered during the Asian financial crisis of 1997 and 1998.
1 week agoDespite being framed as a corporate contribution to support public housing, analysts pointed out that transfers of strategic urban land to the state are rarely neutral in economic terms.
1 week agoThe dollar was up 0.9 percent at $1.1518 on the euro, its highest since November.
1 week agoPLN's reassurances stand in stark contrast to warnings from independent power producers, whose stockpiles have fallen to an average of 10 operating days, well below the 25-day benchmark considered ideal.
1 week agoSpeaking at an emergency meeting on the impact of the Middle East crisis, Lee said the government would "swiftly introduce and boldly implement" a maximum price system on petroleum products "that have recently seen excessive price increases".
1 week agoThe ministry of finance said Sunday it had drafted a decree that would slash import tax rates to zero on some petroleum products to "help stabilize the domestic market and ensure national energy security".
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