This aggressive stance comes as tax revenues have reached only 54.7 percent of the annual target in August and contracted 5.1 percent year-on-year.

Consumer views on their current income situation and plans to buy durable goods weakened, while perceptions of job availability dropped deeper into pessimistic territory.

The global economy is doing better than expected, even as it faces prolonged uncertainty and underwhelming medium-term growth prospects, the head of the IMF said Wednesday. 

Radioactive and carcinogenic contamination has prompted foreign buyers to become more cautious, tightening inspections or even delaying contracts with local suppliers, industry players claimed.

According to research from the World Bank, one out of seven young Indonesians may find themselves out of work.

Industrial production fell by 4.3 percent compared with the previous month, the federal statistics office said on Wednesday, the biggest fall since March 2022, just after Russia's invasion of Ukraine. Analysts polled by Reuters had predicted a 1.0 percent fall.

AI-related goods and a surge in exports to the United States to beat President Donald Trump's tariff hikes boosted global merchandise trade growth this year, the World Trade Organization said Tuesday.

The Jakarta government is looking to issue municipal bonds next year for its so-called Jakarta Collaboration Fund to bridge a financing gap caused by central government budget cuts earlier this year.

Healthcare providers are facing a choice between continuing to react to insurer mandates or proactively shaping value-based arrangements through commercial, clinical and operational innovations.

Indonesia’s updated Nationally Determined Contribution (NDC) is to be presented at the United Nations Climate Change Conference (COP 30) in Brazil next month.

The Mandalika special economic zone (SEZ) has recorded Rp 5.7 trillion in realized investment, creating 19,010 jobs and hosting 28 active businesses within the area.

Pekan Iklim Bali (Bali Climate Week) has united regional leaders, climate activists, non-governmental organizations, funders and investors as well as the general public in a weeklong event dedicated to collectively promote collaborative, innovative and impactful climate action.

Jakarta and Washington are looking to sign a bilateral trade agreement by the end of October by ironing out details left open in a handshake deal announced in July. However, the US government shutdown has disrupted the talks.

Local furniture makers and exporters are expecting US orders to decline over the next three to six months in light of additional duties on wood products that are set to take effect on Jan. 1.

The US Food and Drug Administration (FDA) announced new import certification requirements for shrimp and spices from Indonesia after cases of radioactive contamination were detected earlier.

French Prime Minister Sebastien Lecornu plans a tax targeting individuals with annual incomes of over 250,000 euros to try to win the Socialist opposition's backing for his government's 2026 state budget, financial daily Les Echos said on Saturday.

Among its early projects are a Haj village in Saudi Arabia, upstream energy ventures with Pertamina and waste-to-energy plants in Indonesia.

Malaysia will once again take centre stage in the global palm oil industry as it hosts the prestigious Malaysian Palm Oil Board International Palm Oil Congress and Exhibition (PIPOC 2025) from 18 to 20 November at the Kuala Lumpur Convention Centre (KLCC). The biennial event, organised by the Malaysian Palm Oil Board (MPOB) the nation’s leading oil palm research and development agency under the Ministry of Plantation and Commodities (KPK), is among the world’s largest platforms for knowledge exchange and innovation in the sector.

Indonesia has achieved the highest trade surplus in years thanks to soaring exports of manufactured goods as traders sought to place orders ahead of rising United States import tariffs.

Rice, traditionally a major driver of inflation, provided relief in September, with prices falling for the second time this year after a decline in April.

Indonesia’s manufacturing PMI reached 50.4 in September, marking the second straight month to remain above the 50-point threshold, reflecting the general trend across Southeast Asia.

A survey from Boston Consulting Group (BCG) reveals that firms in Southeast Asia are sending a clear signal: what they need now are structural interventions at the regional level, not short-term relief.

The US lurched toward a government shutdown on Tuesday as a vote to extend funding past a midnight deadline failed in the US Senate and President Donald Trump threatened to extend his purge of the federal workforce.

The country needs to shift from its complex, nine-tier excise system to a simplified, uniform excise rate, complemented by a funding mechanism and training program that protects livelihoods.

The EU Deforestation Regulation (EUDR), which will tighten rules on trading commodities associated with deforestation, was among the EU policies that could be addressed by virtue of the provision.

Finance Minister Purbaya Yudhi Sadewa warned that he would pull FLPP funds if the Housing Ministry failed to fully absorb them for the subsidized housing program.  

US President Donald Trump and his Democratic opponents appeared to make little progress at a White House meeting aimed at heading off a government shutdown that could disrupt a wide range of services as soon as Wednesday.

The government has announced that "several projects" are in the pipeline to produce the two alcohols for its biofuel programs, as part of the broader national aim to achieve energy and food security.

The European Union plans to appeal a World Trade Organization ruling against Brussels’ import duties imposed on biodiesel from Indonesia, meaning the case is set to remain in limbo at the WTO’s paralyzed Appellate Body.

An automotive industry executive says quick policy intervention is needed to stimulate demand in the lackluster car market.