The Indonesian Heavy Equipment Manufacturers Association (Hinabi) has lamented the low demand for locally made heavy equipment.  

A delegation of Indonesian business groups signed five memorandums of understanding (MoUs) with Brazilian counterparts at the Indonesia-Brazil Business Forum in Rio de Janeiro on Sunday, which if they are seen through as outlined, could be worth a combined US$2.65 billion.

An NTT-based NGO that won second place in a recent Schneider Electric competition says the government should focus on providing renewable-based power solutions in remote regions in its pursuit of a just energy transition.

With Donald Trump's imminent return as US president looming over the Asia-Pacific Economic Cooperation (APEC) summit in Lima, his Chinese counterpart Xi Jinping said the region should push for more free trade as Asia-Pacific cooperation faces "rising protectionism", according to Chinese state media.

Coordinating Minister for Economic Affairs Airlangga Hartarto accompanied President Prabowo Subianto, during a bilateral meeting with Canadian Prime Minister Justin Trudeau on the sidelines of the Asia Pacific Economic Cooperation (APEC) Summit in Lima, Peru, on Friday (15/11).

Strong US economic and inflation data continue to reshape the debate among Federal Reserve policymakers over the pace and extent of interest rate cuts as investors on Friday further downgraded their expectations for a rate reduction at the central bank's December meeting.

President Prabowo Subianto has highlighted Indonesia’s abundant natural resources as a foundation for national energy security, suggesting that the country could meet its entire energy needs without relying on fossil fuels.

The finance minister has announced a bold plan to target the shadow economy as a new source of tax revenue, particularly as the government looks to generate more funds to finance its ambitious and costly priority programs, including the free meals program.

Japan's economy expanded by an annualized 0.9 percent over the July-September quarter, government data showed on Friday, slowing from the previous three months due to tepid capital spending though an unexpected pickup in consumption added a bright spot.

President Prabowo Subianto has not given up on the country’s plan for homegrown automotive brands even after past leaders have failed to achieve mass production of a “national car”.

The G20 presidency of Brazil has entered the final stage of the G20 Leaders’ Declaration negotiation process. Starting on Nov. 12, the Sherpas from G20 member countries gathered in Rio de Janeiro, Brazil, to begin a series of negotiations aimed at reaching an agreement on the G20 Leaders’ Declaration.

The country's biggest MSME lender says that small businesses recorded a major sales slump in the third quarter, primarily due to weakening consumer spending and partly due to the rollback of COVID-related government assistance, leading to a rise in the NPL ratio for the sector.

Executives stress need for unity for the lobby group to pursue its key mission or representing business interests.

The drop in stocks could support the rally in benchmark futures, which are already hovering near their highest levels in more than two years. Malaysia is the world's second-largest producer of palm oil after neighbouring Indonesia.

The agreements signed at Beijing’s Great Hall of the People cover investments in high-tech manufacturing, renewable energy, health and the downstream processing of 26 key commodities, along with initiatives in food security and finance.

The council's deputy head told reporters on Tuesday that it would not venture into policymaking or technical decision-making, which would remain the authority of ministries and agencies.

Indonesian businesses are concerned that restrictive trade policies from United States president-elect Donald Trump will incentivize Chinese producers to divert large quantities of goods to Southeast Asian markets and create barriers for Indonesian exports to the US.

China and Indonesia have agreed to strengthen cooperation in key sectors, including lithium, new energy vehicles, green energy and tourism, according to a joint statement released on Saturday.

China's consumer inflation rate slowed in October, official data showed Saturday, in a sign that demand remains sluggish in the world's number two economy.

Long Indonesia’s premier tourist destination, Bali keeps getting all the attention, and ongoing government initiatives, rather than spread out development across the country, further cement the island’s dominance, to the extent that many now worry about overtourism.

The HSBC Quality of Life 2024 study found that affluent customers in Indonesia considered funds of Rp 5.37 billion (US$340,000) to be the ideal amount to enter retirement.

Vietnam has one of the largest trade surpluses with the US.

China's outbound shipments grew at the fastest pace in over two years in October as factories rushed inventory to major export markets in anticipation of further tariffs from the US and the European Union, as the threat of a two-front trade war looms.

The Bank Indonesia governor said Trump’s presidency could have broad implications for emerging markets like Indonesia, impacting exchange rates and capital flows.

Statistics Indonesia (BPS) reported a decrease in unemployment to 4.91 percent or 7.47 million, with significant implications for the labor market.

Fed will have to keep rates high, hitting emerging markets

The newly established National Economic Council (DEN) is tasked with providing recommendations to the President on strategic economic issues.

Indonesia’s gross domestic product (GDP) growth has slowed down every quarter this year on the back of a slowdown in household spending, which economists attribute to weakening purchasing power.

The growth in loans issued to micro, small and medium enterprises has diverged significantly from overall loan growth, hampering a business segment that is vital for employment.

US job growth slowed drastically in October, hit temporarily by hurricanes and labor strikes, in a final major economic snapshot in a razor-edge presidential election campaign where cost-of-living worries have dominated voter concerns.