The move could lift edible oil prices and dampen demand and subsequently reduce overseas purchases of palm oil, soyoil and sunflower oil.

Beijing faces looming demographic crisis and an older population

President-elect Prabowo Subianto plans to launch a green economy fund by selling carbon emission credits from projects such as rainforest preservation, aiming to raise US$65 billion by 2028, an adviser told Reuters.

It is the first phase of the construction of a 87 km line connecting Balaraja in Banten and Cikarang in West Java. The next phase is scheduled to begin in 2033.

Indonesia’s vision of achieving fast GDP growth to become a high-income economy by 2045 requires massive investment in human capital, but the rise of the gig economy could get in the way.

Retail sales show a significant upward trend in August on a rise in consumer confidence attributed to Independence Day celebrations, according to preliminary BI data, notwithstanding weakening manufacturing sector activity.

Around 20 percent of industrial value creation in Germany is under threat, according to a study published by the business association BDI on Tuesday.

China's exports jumped in August but imports fell well short of expectations, data showed Tuesday, as the country's leaders struggle to boost consumption in the world's second-largest economy.

An Energy and Mineral Resources Ministry official says the government is banking on hydropower, which can generate baseload electricity, to be the main renewable energy source as the country looks to reduce reliance on coal-fired power plants.

Three years ago, the leader of the Central American nation took a huge gamble when he put bitcoin into legal circulation in a bid to revitalize El Salvador's dollarized, remittance-reliant economy.

Middle-class Indonesians in Jakarta say they are struggling to achieve financial security as the daily necessities associated with urban lifestyles press hard against their monthly income, a perception borne out by new government statistics.

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said that the economies of developing countries must still grow, while they pursued emissions reduction.

Data released by Statistics Indonesia (BPS) on Monday shows that 126,100 Chinese tourists visited Indonesia in July, marking the highest figure since the border opened for Chinese outbound travel in 2023.

The government and House of Representatives Budget Committee have slashed planned energy subsidies for next year by Rp 1.12 trillion (US$72.26 million), or 0.54 percent of the allocation proposed in the 2025 draft state budget (RAPBN), because of the rupiah’s appreciation.

Workers have seen their slice of the global income pie shrink significantly over the past two decades, swelling inequality and depriving the combined labor force of trillions, while capital income concentrates ever more among the wealthiest.

The IINTOA says the current mpox outbreak has not led to any canceled travel plans to Indonesia, but also noted that many travelers and tour operators seemed unaware of government curbs to prevent the disease's spread.

The IAF 2024 concluded on Tuesday with a swath of new deals worth billions inked between Indonesian and African businesses, both public and private, led by deals in the energy sector totaling $1.5 billion and the food sector contributing $1.2 billion.

China said on Tuesday it plans to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak.

Indonesia’s manufacturing purchasing managers' index (PMI) points to further contraction in factory activity in August on the back of diminishing sales, forcing some firms to reduce their workforces despite their hopes for the coming year.

Year-on-year (yoy) inflation fell for a fifth consecutive month in August, as the consumer price index (CPI) contracted on a month-to-month (mtm) basis for a fourth month in a row.

The government expects agreements to be signed between PLN and Tanzania’s Tanesco as well as between Biofarma and Ghana-based Atlantic Lifesciences, among others.

China is facing a twin challenge that feeds its weight problem: In a modernizing economy underpinned by technological innovation, more jobs have become static or desk-bound, while a prolonged slowdown in growth is forcing people to adopt cheaper, unhealthy diets.

African leaders descend on China's capital this week, seeking funds for big-ticket infrastructure projects as they eye mounting great power competition over resources and influence on the continent.

Chinese manufacturing contracted for a fourth consecutive month in August, official data showed Saturday, a worse-than-expected result reflecting the world's second-largest economy's struggle to recover.

Eight OPEC+ members are scheduled to boost output by 180,000 barrels per day in October, as part of a plan to begin unwinding their most recent layer of output cuts of 2.2 million bpd while keeping other cuts in place until end-2025.

Indonesia has been through some turbulent weeks that could have swung investor sentiment either way, but market actors appeared largely nonchalant in a reflection of their confidence in the country’s political stability and solid economic fundamentals.

The government will also push for the adoption of electric vehicles (EVs) and light rail transit (LRT) on the island.

A former campaign aide has said that the president-elect is seeking an individual with both financial and policymaking acumen to take the helm of the Finance Ministry under his administration, though "it's still too soon” to name any names ahead of the transfer of power in October.

Indonesia’s growing paper and plastic scrap imports may aggravate the country’s waste problems, experts say, calling on the government to develop recycling industries as well as waste management infrastructure.

With the new spending for Nusantara next year, the government would spend over Rp 96 trillion in total to develop the city until 2025, exceeding its planned state budget allocation limit for the project.