Fifteen US companies, including semiconductor firms, have expressed interest in investing $8 billion in Vietnam in clean energy infrastructure, contingent on the country's progress on renewable energy rules, a senior US official said on Friday.

Respondents who answered that they do to support energy transition are concerned about losing their jobs, particularly those working in the oil, gas and coal industry.

China on Thursday warned the European Union's economic image was "at stake" after the bloc unveiled new measures to protect sensitive technology from falling into the hands of geopolitical rivals.

China is the world's biggest emitter of greenhouse gases driving climate change, but it is also the top producer of wind and solar energy.

Kereta Cepat Indonesia China (KCIC), the consortium responsible for the project, is seeking to close the gap through what it calls cash deficiency support (CDS), which experts say will most likely come from bank loans.

Last year’s domestic and foreign direct investment exceeded targets set out in the national development plan and stated by President Joko “Jokowi” Widodo, but there was a slowdown in the final quarter.

Indonesia's lending growth is projected to reach 10.8 percent this year, slightly higher than the 10.4 percent recorded last year, according to a survey from Bank Indonesia

In its annual report on the electricity market, the IEA said that renewables -- in particular from solar panels -- should see their share of total electricity production surpass a third of the total, passing from 30 percent last year to 37 percent in 2026.

Central bankers who orchestrated the wave of interest rate hikes over the past two years, hoping to avoid a painful inflationary spiral, are now facing an uncomfortable question: Were their moves helpful?

The rupture of one of the world's busiest shipping routes has exposed the vulnerability of China's export-reliant economy to supply snarls and external demand shocks.

Despite BPJS Kesehatan playing down the risk by pointing to substantial assets, analysts suggest the agency start planning a mitigation strategy.

Tourism and Creative Economy Minister Sandiaga Uno has suggested that the Bali administration consider a water taxi service to alleviate traffic congestion, but experts say the idea is not feasible.

China's gross domestic product expanded 5.2 percent last year, marking one of the lowest annual performances in more than three decades, but beating the target of "around 5 percent".

Neither the Red Sea crisis nor the low water levels in the Panama Canal will affect Indonesia's seafaring trade, despite the disruption in international shipping, the national shipping association has said.

The Transportation Minister is exploring potential cooperation with Beijing on developing an autonomous rail service in the new capital Nusantara, as well as opportunities for investment in Indonesia's aviation and maritime sectors, during his visit to China.

The country's exports declined more than 11 percent in 2023, when it saw its trade surplus shrink by $17.52 billion, amid a global economic slowdown and lower prices for coal and CPO.

The year ahead will be "very tough" for fiscal policy -- especially for countries holding elections -- the IMF chief told AFP before departing for the World Economic Forum in Davos, Switzerland.

Maritime Affairs and Fisheries Minister Sakti Wahyu Trenggono stated that the value of fishery exports in 2023 reached US$5.6 billion, a decrease from $6.2 billion in 2022. This year's export value is also lower than the initial target of $6.7 billion.

The bank’s global growth forecast for the year was revised down as well.

Preliminary data from Bank Indonesia (BI) show that Indonesia’s retail sales were projected to grow for the fourth month in a row in December as the country entered the Christmas and New Year holiday season.  

Indonesian lenders only booked a 3 percent year-on-year rise in third-party funds in November 2023, continuing sluggish growth in that metric since the beginning of last year.

A nationwide survey by Bank Indonesia (BI) has found that Indonesians remain relatively optimistic, particularly in their assessments about current economic conditions.

The SMEs ministry says that local businesses that usually anticipate making a killing during an election year, especially those in the garment and printing sectors, are losing out to cheaper merchandise that some candidates and political parties are importing from overseas suppliers.

The total value of exports fell to US$1.8 billion in 2023 from $2.5 billion in 2022, according to an estimate from the Indonesian Furniture and Handicraft Industry Association (HIMKI).

A minister had defended I Gusti Ngurah Rai International Airport but an expert says the government must ensure smooth access to Bali after the airport was ranked among the worst in the world for on-time performance.

Jokowi had pledged to stop food imports and make Indonesia self-sufficient in rice and other staple foods such as sugar, corn and soybeans, since he took office in 2014.

Textile-producing hubs in Java as well as mining hubs in Kalimantan and Sulawesi suffer from weakening global demand and deluge of cheap imports. 

In addition to government efforts to maintain domestic prices, declining inflation in 2023 was partly influenced by easing global commodity prices and milder El Niño impacts.

Beijing failed to shift the economy from construction-led development to consumption-driven growth a decade ago, when it should have done so. Since then, debt has outpaced the economy, reaching levels that local governments and real estate firms now struggle to service.

When the time comes for them to return home, LPDP scholarship recipients often encounter a lack of job opportunities or are lured by more lucrative prospects overseas.