The Hainan Free Trade Port is expected to focus on tourism, modern services, high-tech industry and tropical agriculture, and was designed to be a hub for Chinese companies aiming to enter the ASEAN market while also serving as a base for ASEAN companies trying to gain access to the Chinese market. 

Regardless of the outcome of the upcoming presidential election, business and investment relations between Indonesia and China will remain strong, analysts say, though they expect one candidate to bring home slightly more if elected, while another might do the opposite.

Indonesia's sovereign wealth fund and the China Exim Bank have signed an agreement to cooperate on investments in infrastructure, renewable energy and telecommunications, particularly for priority projects in Indonesia.

President Joko “Jokowi” Widodo traveled to New Delhi to attend the Group of 20 (G20) Leaders’ Summit this past week, accompanied by Coordinating Minister for Economic Affairs Airlangga Hartarto.

Presumptive presidential candidate Prabowo Subianto has pledged to bring Indonesia to food self-sufficiency so that the country no longer relies on imports.

Biden said it was a "real big deal" that would bridge ports across two continents and lead to a "more stable, more prosperous and integrated Middle East."

The world's 20 major economies have had disagreements on commitments to reduce fossil fuel use, cut green house gas emissions and increase renewable energy targets.

President Joko “Jokowi” Widodo has requested the United States to kick start work on a critical minerals agreement (CMA), as Indonesia seeks to retain its electric vehicle (EV) manufacturing competitiveness against other producer countries.

China's exports and imports sank again in August, data showed Thursday, as the onshore yuan fell to the lowest dollar level since 2007.

The 142-kilometer high-speed rail line currently connects the capital Jakarta to the city of Bandung.

German factory orders fell more than expected in July, official data showed Wednesday, in the latest setback for Europe's largest economy as it grapples with an industrial slowdown.

Origin said last year it would shut Eraring seven years ahead of schedule in 2025, in part because falling power prices had made it difficult to turn a profit.

Indonesia’s economy remains resilient despite the prevailing global uncertainties.

However, an analyst has cast doubt on that target, pointing to the 2024 election.

Indonesia’s journey to net zero is vital, but it’s equally imperative that this essential transition follows a just and equitable strategy.

Many young adults who relocate to the capital are forced into living frugally as high costs eat away at any extra income they might otherwise set aside for their future.

Turkey's annual inflation approached 60 percent last month, official data showed Monday, putting pressure on the central bank to further hike interest rates at the risk of angering President Recep Tayyip Erdogan.

Experts urged buy now, pay later (BNPL) players to be selective in order to prevent more harm.

The annual consumer price index (CPI) rose markedly in August, after declining for five months in a row, due to higher inflation in the transportation category, as well as food, beverages and tobacco.

Yellen intends to focus at the summit on strengthening the global economy and supporting low- and middle-income countries by advancing efforts on debt restructurings, the evolution of multilateral development banks (MDBs) and building International Monetary Fund trust fund resources, the Treasury said.

How coal-power plants slowly compromise people’s lives in Indonesia

The government acknowledged that the country’s downstream industry is lacking depth, with processed goods often sold at or near their raw form, citing the necessity for additional investment to continue further down the line.

"I share the pretty substantial concerns that people have voiced about the Chinese economy," Chalmers told Sky News television.

Earnings shrank 15.5 percent year-on-year for the first seven months, following a 16.8 percent decline in the first half of the year, data from the National Bureau of Statistics showed on Sunday.

ASEAN member states have vowed to buttress regional resiliency by increasing trade within the bloc while attracting more infrastructure and green financing.

Founded by Brazil, Russia, India, China and South Africa in 2014, the New Development Bank opened in July 2015, with its headquarters in Shanghai.

While Indonesian wine holds promise, the industry could do with some help to improve distribution channels.  

The outlook for a country long lauded as Europe's industrial powerhouse is deteriorating, with the IMF forecasting it will be the only major advanced economy to shrink this year.

The government aims to conclude the free trade agreement (FTA) with the Eurasian Economic Union (EAEU) by next year, but experts warn that potential delays might come due to geopolitical tensions and the critical election year.

Under Indonesia's leadership, ASEAN has used a trade and investment summit to promote itself as a fast-developing region that is willing to take a pragmatic position in a world deeply divided along geopolitical fault lines.