On June 11, the second day of his working visit, Coordinating Minister for Economic Affairs Airlangga Hartarto attended a special meeting with Dmitry Medvedev, Deputy Chairman of the Security Council of Russia and Chairman of the United Russia party, who also served as Russia’s president (2008-2012) and prime minister (2012-2020).

During his working visit to Russia from June 10 to 12, in addition to being presented with an international cooperation award from the Russian government, Coordinating Minister for Economic Affairs Airlangga Hartarto held a series of special meetings on Tuesday with Dmitry Medvedev, a former president and former prime minister of Russia, as well as First Deputy Prime Minister Denis Manturov and Economic Development Minister Maxim Reshetnikov.

In line with the government’s various efforts to enhance economic cooperation with several countries and to promote its exports to maintain the trade surplus, Coordinating Minister for Economic Affairs Airlangga Hartarto held various bilateral meetings in Moscow during a working visit from June 10-12.

In the first four months of this year, used car financing was the fastest-growing segment in auto loans, ahead of financing for new motorcycles, new cars and commercial vehicles.

Malaysia's palm oil stocks rose 0.5 percent from the previous month to 1.75 million metric tons, the highest since February, the Malaysian Palm Oil Board (MPOB) said.

The European Commission is this week expected to disclose the tariffs it plans to impose on Chinese electric vehicles due to what it says are excessive subsidies, a move likely to prompt stern words and possible retaliation from Beijing.

As an international bank with broad and deep global networks, HSBC always strives to provide innovative solutions to any challenge that may be hindering companies and their customers progress toward achieving business success in this fast-paced, technology-driven world.

The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the number of cuts it has penciled in for this year, as policymakers digest a mixed bag of economic data. 

A lack of opportunities for Generation Z Indonesians, or those born in the late 90s and first decade of this century, may result in income loss and higher crime rates, experts warn.

The Indo-Pacific Economic Framework for Prosperity has been seen as a forum to counterbalance the Regional Comprehensive Economic Partnership and the most significant US economic engagement in Asia and the Pacific region after its withdrawal from the Trans-Pacific Partnership.

After the 2024 IPEF Ministerial Meeting and IPEF Clean Economy Investor Forum concluded on Thursday, Coordinating Economic Minister Airlangga Hartarto swiftly utilized the momentum to conduct a series of meetings to promote economic cooperation.

Indonesia’s potential to become a major player among the world’s biggest economies has become apparent in recent years, with the government also implementing various incentives to encourage foreign direct investment for economic growth and prosperity.

China's exports grew more quickly and for a second month in May, suggesting factory owners are managing to find buyers overseas and providing some relief to the economy as it battles to mount a durable recovery.

According to the Transportation ministry, Phase 1A of the Bali-led project involves building a 6.04-kilometer track and five stations along a route connecting Denpasar International Airport and Kuta's famous Jl. Sunset Road.

Investment opportunities numbering 69 "sustainable infrastructure" projects were identified at an IPEF Investor Forum, Singapore's trade ministry, which organized the forum

Southeast Asia's largest economy could give the group of major emerging economies a stronger voice on the global stage.

Ornamental fish breeders expect electricity company PLN to make up for the damage caused to their business.

National Development Planning Minister Suharso Monoarfa sees a possibility that subsidy allocations in the 2025 state budget may be cut under president-elect Prabowo Subianto to reduce government spending.

With an investment target of Rp 1,650 trillion (US$101 billion) in 2024, the Indonesian government is pushing for increased infrastructure investment and leveraging various regional cooperation opportunities in sustainable development, including participating in the Indo-Pacific Economic Framework for Prosperity Clean Economy Investor Forum (IPEF CEIF) 2024 held in Singapore on Thursday. This investor forum is part of the series of IPEF Ministerial Meetings taking place from June 5 to 6 in Singapore.

Easing the curbs has removed the incentive for foreign companies to build factories in Indonesia rather than sending finished goods. 

The tourism minister is currently on a sales mission in Shanghai with a delegation of industry players to promote Indonesia as a top destination.

The ministry suggested to raise fixed subsidy for diesel fuel to up to Rp 3,000 (18 US cents) per liter. Currently, the figure hovers at Rp 1,000 per liter.

On this occasion, Minister Airlangga expressed his gratitude for the United States' support regarding Indonesia's accession to become a member of the OECD. The meeting, held on the sidelines of the IPEF Ministerial Meetings, was full of warmth and aimed to strengthen the cooperation between the two countries, which is currently formed under the RI-US Comprehensive Strategic Partnership, one of which is through the IPEF partnership.

Demand for family offices is set to rise in the Asia region, according to one consultancy company.

Bapanas has blamed garlic importers for causing the current shortage of garlic and the resulting spike in prices by trading their quotas, thereby leading to a shortfall in imports.

The number of "high net worth individuals" (HNWI) -- defined as people with liquid assets of at least $1 million -- rose by 5.1 percent last year to 22.8 million, according to consulting firm Capgemini.

That amount was dwarfed by the nationwide cement demand of 65.6 million tonnes last year, Indonesian Cement Association (ASI) data show.

Members of Porsche Club Indonesia who become HSBC Premier customers receive benefits and advantages, one of which is eligibility to participate in the "Porsche and Photography" gathering.

CPI growth dropped to 2.8 percent yoy in May, a tad lower than expected by analysts from Moody’s Analytics, who had projected a rate of 2.9 percent.

Factory activity in Indonesia has slowed to the lowest level this year but remains in positive territory, according to the latest monthly report published by S&P Global on Monday.