The 2025 state budget was prepared during the government transition period in a spirit of sustainability, optimism and inclusiveness, yet remains cautious and vigilant in facing global and national dynamics.

Increased equality in education services is the main key to nurturing high quality and competitive human resources, embodying the characteristics of being healthy, intelligent, adaptive, innovative and skilled.

China's consumer inflation rate slowed in September, official data showed Sunday, in a sign that demand remains fragile in the world's number two economy.

China pledged on Saturday to "significantly increase" debt to revive its sputtering economy, but left investors guessing on the overall size of the stimulus package, a vital detail to gauge the longevity of its recent stock market rally.

The government has revised up the 2025 State Budget revenue target to Rp 3,005.1 trillion from Rp 2,996.9 trillion.

Head of the Tax Revenue Management Sub-Directorate of the Directorate General of Taxes (DJP) at the Finance Ministry Muchamad Arifin has reported that the tax revenue performance of the last 10 years was relatively good. Although there was a slowdown between 2014 and 2019, from 2021 to 2023 tax revenue grew very well, supported by economic recovery, rising commodity prices and a mix of tax policies. In 2022, tax revenue experienced the highest growth of 115.6 percent.

Ministry/institution spending has been adjusted from the original Rp 976.8 trillion in the 2025 draft state budget (RAPBN) to Rp 1,160.1 trillion in the 2025 state budget (APBN). Meanwhile, non-ministry/institution spending has decreased from Rp 1,716.4 trillion to Rp1,541.4 trillion.

Tycoon Hashim Djojohadikusumo said Prabowo was always “more of a socialist” on account of his late father Sumitro Djojohadikusumo, the last chairman of the Indonesian Socialist Party (PSI) before its dissolution in 1960.

Central government spending in the 2025 state budget has been set at Rp 2,701.4 trillion, consisting of non-ministry/institutional spending of Rp 1,541.3 trillion and ministry/institutional spending of Rp 1,160.1 trillion. Since 2021, central government spending has grown by 9.5 percent.

The Agriculture Ministry expects Indonesia will be self-sufficient in rice in 2027 and capable of exporting the commodity in 2028.

HSBC Indonesia, along with Batavia Prosperindo Aset Manajemen (BPAM), have jointly rolled out a mutual fund product, Batavia India Sharia Equity USD (BISE), a solution for affluent investors eager to expand their investment portfolio to Indian markets while adhering to sharia principles.

Analysts and a business association say clean power has become a top priority for foreign companies when selecting locations for overseas factories, especially for electric vehicle and battery manufacturers.

A former trade minister and World Bank director has cautioned Indonesia to look ahead and anticipate potential global disruptions that could affect the country's fiscal stability.

Retailers in Indonesia have expressed pessimism in their sales outlook one day after another survey showed that consumer confidence in the country is weakening.

The Transportation Ministry is planning auctions for the development of Tanjung Carat Port in South Sumatra, Makassar New Port in South Sulawesi and Ambon New Port in Maluku.

Indonesia has seen little to no progress in shifting the focus of development away from Java over the past decade, notwithstanding the promise of President Joko “Jokowi” Widodo to even out economic activity across the country.

The President expects GDP per capital to grow almost 40 percent to $7,000 over the next five years and nearly 80 percent to $9,000 by 2034, with Indonesia claiming a place as an Asian superpower alongside India and China.

The president-elect’s top adviser, Hashim Djojohadikusumo, says the incoming administration will seek to build 3 million housing units per year, and smaller businesses rather than big construction conglomerates are set to get the largest part of the pie.

Developers from Hong Kong and China have already shown interest in the project. Others include a hydraulic research institute. 

President-elect Prabowo Subianto will increase the country's debt-to-GDP ratio level gradually, alongside efforts to boost tax revenues, his top adviser and brother Hashim Djojohadikusumo told a seminar on Monday.

Vietnam's economy grew by 7.4 percent in the third quarter, government figures showed Sunday, despite severe economic damage caused by deadly Typhoon Yagi.

The staggered reopening covers US ports from Maine to Texas following Thursday night's preliminary agreement between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX).

A construction industry association has expressed hope that the incoming Prabowo administration would look to reduce the dominance of state-owned construction firms and help revive the growth of regional contractors, which were often sidelined in major development projects under President Jokowi's infrastructure drive.

European Union members face a pivotal vote on Friday on whether to impose tariffs of up to 45 percent on imports of Chinese-made electric vehicles in the bloc's highest profile trade case, which risks retaliation from Beijing.

US dock workers and port operators reached a tentative deal that will immediately end a crippling three-day strike that has shut down shipping on the US East Coast and Gulf Coast, the two sides said Thursday.

The government expects the feasibility study on the planned extension of the Jakarta-Bandung HSR to Surabaya to be completed this year, even as the country prepares for the transfer of power later this month.

Long lines of container ships queued up outside major US ports on Thursday as the biggest dockworker strike in nearly half a century entered its third day preventing unloading and threatening shortages of everything from bananas to auto parts.

“The problem is not always [influxes of foreign goods]. The problem is more fundamental; it’s capital expenditure [capex]. If an industry does not fix its capex, it will be automatically outcompeted,” the coordinating economic minister said on Monday.

The ministry has finished preparing wetlands in Merauke district for agricultural purposes, with further plans to distribute machinery, technology and other assistance for farmers to increase production in support of the overarching goal of food security.

President Joe Biden’s administration heaped pressure on US port employers to raise their offer to secure a labor deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping.