The projected deficit would be higher than initially planned by the government in this year’s state budget of 2.3 percent of GDP.

The President expressed concern about the burden on local banks and wants the loan program to resume until the end of the year, even as Indonesia was the last country to phase out such pandemic-related special facilities in March.

China's Premier Li Qiang used his address at a World Economic Forum meeting in Dalian to hit back at accusations from the US and EU that Chinese firms benefit from unfair subsidies and are poised to flood their markets with cheap green technologies.

A 2003 law stipulates that Indonesia's fiscal deficit must not exceed 3 percent of GDP in any fiscal year and that the government’s total debt must stay within 60 percent of GDP.

Indonesian economy is expected to expand five percent overall this year, followed by 5.1 percent in 2025 and 2026, World Bank says.

Sri Mulyani has coordinated with president-elect Prabowo Subianto’s transition team to understand the next administration’s budget requirements, and emphasized the need for good management of the state budget.

That was despite the European Central Bank delivering a widely telegraphed cut to interest rates earlier this month.

Investment comes amid a struggling local textile industry and falling demand from foreign buyers as well as layoffs.

The cost of the public-private partnership (PPP) apartment projects could be two to three times higher than the total investment value.

Science and technology development is one of the main pillars of increasing Indonesia’s competitiveness. Amid increasingly fierce competition in the global era, innovation is the key to advancing the national economy and improving quality of life throughout the archipelago.

Analysts have urged the Finance Ministry and the transition team of president-elect Prabowo Subianto to reduce the pressure on the currency by providing clarity on fiscal policy.

Indonesia’s trade surplus rose in May as the country’s exports continued to exceed imports, yet the cumulative figure for the first five months of 2024 is below what it was in the same period last year.

The government continues to strengthen various efforts to boost national exports, including through the establishment of the National Export Enhancement Task Force on Sept. 20, 2023. Amid the current global economic conditions, Indonesia's export performance has shown good results, with the country’s export value in May 2024 reaching US$22.33 billion, an increase of 13.82 percent month-to-month (mtm) or 2.86 percent year-on-year (yoy).

Indonesia's efforts to become one of the world's largest economies are increasingly paying off. This is demonstrated by the rise of Indonesia's competitiveness ranking by seven places in 2024, the highest in the past six years.

The employers' association has flagged the rupiah, which reached an all-time low in two years on Friday, cautioning that its weakening rate would adversely impact businesses across a variety of operational aspects.

Indonesia is seeing a surge in impact investing thanks to growing awareness of ESG issues, with investors deliberately seeking to effect positive change alongside financial returns.

The majority of the investors looking into the KIPP are local businesses and members of the Real Estate Indonesia (REI) association. 

Malaysia and China are expected to sign several deals, including renewing a five-year trade and economic cooperation agreement.

Premier Li Qiang toured a Chinese-controlled lithium refiner in Perth on Tuesday, a sign of his country's vast appetite for Australian "critical minerals" required for clean energy technologies.

China's May industrial output lagged expectations and a slowdown in the property sector showed no signs of easing despite policy support, adding pressure on Beijing to shore up growth.

Chinese Premier Li Qiang mixed a dash of "panda diplomacy" with a visit to a historic vineyard on Sunday to celebrate a thaw in once-icy trade ties with Australia.

President-elect Prabowo Subianto has no plans to boost the country's public debt to 50 percent of gross domestic product (GDP), a senior aide said on Saturday, denying a report that had hit the rupiah and bond markets.

Indonesia faces the risk of becoming a net natural gas importer despite its rich gas reserves and position as a net LNG exporter and one of the top exporters in the world.

The planned transportation system would allow trucks to board a train to connect the port and industrial areas in South Sulawesi.

To enhance the efficiency and effectiveness of the release of imported goods by rush handling and overcome several hurdles in previous rules, the government has harmonized the regulations as part of a commitment to providing legal certainty.

The Finance Ministry secretary-general has proposed a Rp 33.18 trillion budget ceiling for 2025, including Rp 3.9 trillion for the LPDP.

PLN's hydropower in South Sulawesi lost about 75 percent of its electricity generation capacity last year due to the extended dry season.

New Zealand Prime Minister Christopher Luxon is seeking to balance rights and security concerns with the lucrative trade opportunities offered by Beijing, the country's largest export partner. 

The Land Bank Authority hopes investors will take an interest in the eco-city project, which is set to become commercial hub supporting the new capital city project.

The Bandung urban railway would connect Indonesia’s first high-speed rail link Whoosh with metropolitan economic hubs in the West Java capital.