The government has announced strong investment growth in the third quarter, which the minister in charge hailed as a sign of confidence in the domestic economy ahead of next year’s general elections.

Focusing on strong economic prospects in the coming year, the Indonesian government is optimizing the state budget (APBN) to encourage economic growth in 2024, with particular attention given to regional growth through village funds, special autonomy (Otsus) funds and fiscal incentives.

The recommendation to make roughly $330 million available to the South Asian country follows agreement over the first review of the four-year Extended Fund Facility (EFF) agreement it signed up to in March, the International Monetary Fund said in a statement. 

The White House said Biden will unveil a new funding request this week believed to be as much as $100 billion. It may include $60 billion for Ukraine and $10 billion for Israel, sources say, as well as billions for Asia and US border security.

Bank Indonesia deems the 25-basis-point increase necessary amid global uncertainty, even though inflation is at a low level.

Home to 90 percent of global solar panel manufacturing capacity, China could help meet Indonesia's needs for renewable energy.

Rapidly weakening growth in the world's second-biggest economy since the second quarter prompted authorities to step up efforts, with the stimulus is starting to gain traction although a property crisis and other headwinds continue to pose risks to the outlook.

The SOEs minister says the investment agreements signed thus far are part of the US$29 million in potential deals expected from the President's working visit to Beijing, which includes the Belt and Road Forum from Oct. 16 to 18.

The first high-speed rail project in China only covered 130 kilometers, similar to Indonesia’s Whoosh, and did not turn a profit in the beginning.

The latest trade data shows that Indonesia has been importing fewer goods in recent months, which business representatives attribute to inflation and purchasing power but economists view as a temporary effect of the upcoming election. 

Stepping into one of the high-rise buildings in the Sudirman area of the capital city, it can be daunting to think about the people and stories waiting on the other side of the doors. The entire area is a map of companies that have led various industries for decades.

Record debts, high interest rates, the costs of climate change, health and pension spending as populations age and fractious politics are stoking fears of a financial market crisis in big developed economies.

China's economy is expected to have seen moderate growth in the third quarter, according to an AFP survey ahead of data this week, while experts warn that there were still significant hurdles for its recovery.

Borrell, who was speaking at a press briefing after talks with his Chinese counterpart, Foreign Minister Wang Yi, said "we need fairness, balance and reciprocity in order to remain as open as we are and want to be".

The Villages, Disadvantaged Regions and Transmigration Ministry has made headway in rural development, as evidenced by the growing number of villages whose statuses have been upgraded to “self-sufficient”, thanks largely to disbursements from the Village Fund program to finance development under Law No. 6/2014 on villages.

Brent crude has risen since violence broke out in Israel and Gaza but could surge far past $100 in case of further escalation.

The IMF has maintained its growth projection for Indonesia amid a general downward revision for Asian economies in its October outlook.

The world of work has been transformed by the all-digital Fourth Industrial Revolution (Industry 4.0), and human resources have increasingly become vital for countries in the face of technological advancements such as automation, as well as external threats like the COVID-19 pandemic.

Indonesia is holding on to its goal of becoming a developed economy by 2045, but to reach it, business as usual will not cut it.

To ensure consistent results, collaboration between the central government and regional governments must share a common agenda that focuses on responding to similar field challenges, as well as a similar policy direction and objectives.

SDRs are backed by dollars, euros, yen, sterling and yuan. The IMF created a $650 billion allocation of new SDRs in 2021 to help its member countries cope with COVID-19.

The firm said Tuesday it had missed a payment of HK$470 million ($60 million). The group has a grace period of 30 days to avoid a potential default.

Next year, Indonesia will hold its five-yearly democratic “festival”: the General Election, also known as Pemilu.

GEM looked at 4,300 active and proposed coal mine projects around the world covering a total workforce of nearly 2.7 million.

President Joko “Jokowi” Widodo said Indonesia needed to import another 1.5 million tonnes of rice to anticipate a dwindling harvest due to the El Niño weather phenomenon, on top of the prevailing 2 million tonnes procured earlier this year.

Beijing’s influence with economically-lagging Pacific island nations has increased over the past two decades through a combination of trade, infrastructure and aid.

The group said global hydropower generation fell 8.5 percent in the year to June, more than any full-year decline over the last two decades.

A setback in investment that can be traced back to the 1998 monetary crisis was exacerbated by the challenges of the COVID-19 pandemic, according to Canberra.

“Indonesia will not shine with big torches in Jakarta, but Indonesia will shine with candles in the villages" - Mohammad Hatta.

The infrastructure development in Indonesia can’t only be carried out by business as usual, as Indonesia needs sustainable infrastructure development towards the goal of achieving a Golden Indonesia 2045.