Wang Yanchen, deputy chief engineer of China Railway International Co., Ltd., which handles the technical side of the Whoosh HSR, said the project created many work opportunities for Indonesian technicians.

The phrase “infrastructure development” is commonly heard, though some do not understand its meaning and importance for Indonesia. 

The World Bank has praised Indonesia over recent legal changes encouraging investment in the country but said Jakarta has not done enough to reform trade policies that are hurting the manufacturing sector.

The Finance Ministry’s Director General of Financial Balance, Luky Alfirman, has explained that the government’s policies on regional autonomy and fiscal decentralization are tools to achieve the state’s goal of achieving equal distribution of wealth in all corners of the archipelago.

Investment Minister Bahlil Lahadalia has conceded that adjustments will be made to the deadlines for the relocation of residents and construction timeline of the Rempang Eco City project.

Indonesia saw inflation drop in September to below 3 percent, falling faster than analysts expected, which partly due to base effect of subsidized fuel price hike last year.

Experts say the coalition of donor countries' reluctance to fund coal plant retirements could undermine the success of the Just Energy Transition Partnership (JETP) Indonesia, signed in November 2022.

To ensure the reliability of the state budget in improving the welfare of the Indonesian people, it must be closely monitored.

China's factory activity expanded for the first time in six months in September, an official survey showed on Saturday, adding to a run of indicators suggesting the world's second-largest economy has begun to bottom out.

The government plans to start building a light rail transit system on the popular resort island of Bali next year to ease roadway congestion from the airport, a senior minister has said.

Production in the world's largest palm oil producer after Indonesia plunged 20 percent during a 2016 El Nino event, but the impact this year has so far not been severe, said the regulator's director-general, Ahmad Parveez Ghulam Kadir.

The Finance Ministry has raised the bar for state income by more than 9 percent despite this year’s lower global prices affecting corporate results.

The government has a plan to reduce the poverty rate through the social security budget policy (APBN) allocation as the main instrument of fiscal policy, which plays an important role in increasing economic growth.

The government says it will accommodate Rempang Island residents' demands in a way that is acceptable to investors to move on with the troubled megaproject in Batam, Riau Islands.

The impacts of the COVID-19 pandemic has been devastating for some countries, but Indonesia is among the lucky few that has successfully dealt with the health crisis and is navigating its way well toward economic recovery.

Tanah Abang wholesale market is less crowded than usual, with some shuttered, as many of its thousands of merchants selling products made in factories or by tailors and weavers complain about the impact of TikTok's booming e-commerce arm on their business.

The Asian Development Bank (ADB) has shared ideas for repurposing government buildings that will be left vacant in Jakarta as government functions are moved to the future capital city.

Local investors comprising several conglomerates kick-started their commercial investment in the new capital Nusantara with President Joko "Jokowi" Widodo calculating the investment at Rp 20 trillion.

Bank Indonesia is sticking with its inflation forecast for this year, despite the recent surge in rice and oil prices. Accordingly, it sees no reason to change course in its monetary policy.

Investment Minister Bahlil Lahadalia has called on state-owned energy giant Pertamina to release idle oil and gas wells to local or foreign investors to boost production and curtail imports

The House of Representative’s Budget Committee (Banggar) has agreed to bump up energy subsidy and compensation allocation to Rp 339.26 trillion (US$22.06 billion) for the 2024 budget, Rp 13.3 trillion more than what had been proposed in August.

The government has again turned to China to support its green transition, this time by inviting investment for a project to build a super grid connecting the Indonesian archipelago.

CEP is an international consortium comprising Japan’s Marubeni Corporation, South Korea’s Korean Midland Power Company and Samtan Company, in collaboration with Indonesian power company PT Indika Energy.

A G20 pledge adds to the momentum on renewables ahead of UN climate talks in Dubai, but the group, which includes major oil and gas producers Saudi Arabia and Russia, failed to agree on phasing out fossil fuels.

The union is demanding a bigger share of profits, shorter work weeks, restoration of defined benefit pensions and stronger job security as automakers shift to electric vehicles.

Despite China’s economy growing at a slower pace than expected this year, the country’s demand for Indonesian goods remains solid, though experts believe it is too soon to say whether that will last.

Global rice prices rose to a 15-year high last week after top producer India's decision in July to ban exports of non-basmati rice, citing several factors including soaring domestic prices and "extreme climatic conditions".

China's industrial output and retail sales grew at a faster-than-expected pace in August, but property investment slumped further and could drag on broader demand even as the recent flurry of support policies showed signs of stabilizing the economy.

Homeownership feels increasingly out of reach for younger generations of Americans, who are squeezed by student debt and childcare costs in an era of slower economic growth.

The idea of "de-globalization" has gained traction since the war in Ukraine and pandemic-related lockdowns in China prompted significant disruption to global supply chains.