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.

Success stories among their peers and a plethora of user-friendly investing apps are luring ever more young Indonesians into the stock market, but some learn the hard way that risk and opportunity go hand in hand.  

President Prabowo Subianto has appointed his brother, Hashim Djojohadikusumo, as a special envoy to the United Nations COP29 climate summit set to be held in the Azerbaijani capital of Baku from Nov. 11-22.

Indonesia's headline annual inflation rate cooled in line with expectations, but its core inflation rate accelerated to its highest in over a year, official data showed on Friday.

The United States Department of Commerce (USDOC) has reduced the antidumping tariff on shrimp imported from Indonesia, but an Indonesian industry group bemoans unequal treatment among exporters and wants the tariff dropped altogether.

The senior food minister says a nearly 22 percent jump in the government’s food security budget has been earmarked for next year in a bid to fulfill the President's promise to achieve food self-sufficiency during his five-year term.

Indosat Ooredoo Hutchinson has secured excellent financial performance, with double-digit growth in the first nine months of 2024, driven by the company’s focus on operational excellence. Indosat reported double-digit growth, exceeding the industry’s benchmark with a substantial increase in various key financial indicators. This achievement is expected to help Indonesia's telecommunications industry grow, reversing the declining trend seen throughout the year. 

President Prabowo Subianto wants to build 1 million apartments per year to address the country’s urban housing backlog, but experts warn the plan may come up short if those properties are out of reach for the middle class.

The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3 percent at the end of its highest profile trade investigation that has divided Europe and prompted retaliation from Beijing.

For now, many believe that Indonesia can only grow at around 5 percent annually, a figure that better reflects its current short-term domestic capacity.

The housing minister has revealed that the 2025 budget allocation for building 3 million new homes is a little less than one-third of last year's, compared to his estimated fund of Rp 23.32 trillion required to meet the target.

The administration of President Joe Biden has finalized curbs on US investments in sensitive technologies like semiconductors in China that pose a threat to national security, the Treasury Department said Monday. 

The new administration has allayed fears that the Nusantara Capital City (IKN) project could be placed on the back burner following its conspicuous absence in President Prabowo Subianto’s hour-long inauguration speech.

The Association of Indonesian Automotive Manufacturers (Gaikindo) has lowered its target for 2024 car sales after disappointing numbers for four-wheelers so far this year.  

Ronald Walla from Apindo called on the government to create a supportive environment for MSMEs, including financial incentives, access to information and regulatory simplification.

The Indonesia Market Outlook 2025 survey revealed that 49 percent of the middle-class in five major Indonesian cities reported decreased purchasing power.

As BRICS world leaders convened in Kazan for a summit this week, Indonesia's foreign ministry said late on Thursday that the process of joining the group has begun.

G20 finance ministers meeting in Washington on Thursday reaffirmed their desire to cooperate on taxing the super-rich, before a summit next month where taxes are expected to be a top priority.

Importing liquefied natural gas (LNG) may be a costly and destabilizing strategy for emerging economies like Indonesia, undermining efforts to adopt renewable energy and achieve energy self-sufficiency, experts say.

For more than 155 years, HSBC has been financing trade in some of the most vibrant markets globally. The bank’s rich trade history is now a modern-day strength as it supports businesses to grow globally, make new connections, expand into new markets, and navigate an ever-changing landscape.

From cars to logistics, German companies are largely optimistic about India's growth potential, tapping into a wealth of skilled young workers, a cheaper cost base and economic growth motoring at around 7 percent.

The deal paves the way to end a four-year military stand-off and improve political and business ties between the Asian giants, strained since a deadly border clash in 2020 that slowed exchanges of capital, technology and talent.

Public Housing and Settlements Minister Maruarar Sirait is considering the use of state-owned land, including seized plots and transit spots, for public housing as land acquisition has become a key concern for property development.

Budi Santoso, who has been promoted from trade secretary-general to minister, is aiming to produce the IEU-CEPA during his first 100 days in office under a new target to conclude talks by the end of this year, the umpteenth deadline announced since negotiations on the deal began in 2016.

The newly appointed coordinating food minister is looking to the easternmost region of Papua to shore up the country’s scarcity of arable land and to bump up production to achieve food self-sufficiency.

The Energy and Mineral Resources Ministry is “reevaluating” its plan to enforce a moratorium on the construction of rotary kiln-electric furnace (RKEF) nickel smelters.