Transportation Minister Budi Karya Sumadi visited on Oct. 3 the site of the Nusantara Capital City (IKN) Airport in North Penajam Paser regency, East Kalimantan province.

Construction has begun on the Nusantara Capital City (IKN) Airport with a groundbreaking ceremony officiated by President Joko “Jokowi” Widodo on Nov. 1 in North Penajam Paser regency, East Kalimantan.

Solving the problems of the Greater Jakarta light rail transit (LRT) is expected to go until late November, Deputy State-Owned Enterprises (SOEs) Minister Kartika Wirjoatmodjo told reporters on Wednesday.

Fed Chair Jerome Powell said the situation remained something of a riddle, with US central bank officials willing to raise rates again if progress on inflation stalls.

Japanese Prime Minister Fumio Kishida announced on Thursday a stimulus package worth $113 billion aimed at easing the pain from inflation.

Indonesia's 2045 development goal faces economic obstacles, but the government remains optimistic.

Rice contributed more than any other commodity to rising consumer prices in October.

Indonesian manufacturers have become less confident about business prospects, partly because of weak export orders, data published on Wednesday by S&P Global suggest.

The decision means Jakarta will not lay out a path to shut the so-called captive coal power plants in its comprehensive investment and policy plan (CIPP) that it needs to secure $20 billion in funding pledged under the Just Energy Transition Partnership (JETP).

The government has kickstarted the development of the Jakarta light rail transit (LRT) extension to Manggarai, South Jakarta, which is set to be completed in 2026.

The government is exploring cooperation with Chinese state-owned electricity utility State Grid Corporation of China (SGCC) to develop Indonesia’s electricity transmission grid network.

China's share of global manufacturing jobs will increase by 2050, according to a study out Monday, even as the United States and European Union aim to be less reliant on its products.

The Indonesian government expects a smooth and swift accession to the OECD, aiming for mutually beneficial cooperation.

Equities were mixed ahead of a Federal Reserve policy meeting this week, with traders fearing it will likely keep interest rates elevated for an extended period as inflation remains stubbornly high.

The documents reveal for the first time the breakdown of the $15.5 billion pledge that G7 countries and partners made in December to help the Southeast Asian manufacturing hub and heavy coal user reach net-zero emissions by 2050.

Interest rate hikes slow down inflation by raising the cost of borrowing from the bank, which dampens economic activity and weakens the labor market. 

China's aviation regulator said it will increase domestic flights to 34 percent above pre-pandemic levels, a move that will further boost the recovery of Chinese airlines.

Australia's trade minister says he is "hopeful" of striking a free trade deal with the European Union ahead of talks in Japan this weekend, more than five years after negotiations began.

Finance Minister Sri Muyani has increased the transfer of allocated funds to regions for the year of 2024. Under the new policy, the funds will amount to Rp 857.59 trillion (US$54 billion), an increase from the Rp 814.72 trillion allocated this year.

Finance Minister Sri Mulyani said the realization of debt financing stood at Rp 198.9 trillion as of September due to a surplus in the national budget.

The government projects continued growth to the end of the year, after the economy grew over 5 percent in the first half of 2023.

Officials from the United States and Indonesia discussed cooperation plans related to critical minerals, cyber and maritime security and semiconductors in Washington on Monday local time.

Indonesia’s national economic growth has continued its positive trend despite a global economic slowdown, growing above 5 percent for seven consecutive quarters.

President Joko “Jokowi” Widodo promised a more even economic development throughout the country prior to assuming office, but data suggest Indonesia’s easternmost provinces are still left behind.

The Finance Ministry aims to synchronize monetary and fiscal policies to prevent the rising dollar from jeopardizing the nation’s financial system.

"What just happened recently in Israel and Gaza -- at the end of the day you put all this together, I think the impact on economic development is even more serious," Ajay Banga said, adding: "I think we're at a very dangerous juncture." 

The Ministry of Finance (Kemenkeu) ensures that non-tax state revenues (PNBP) 2024 will lead to increased innovation and quality of service as well as sustainability of life.

A crucial meeting on climate "loss and damages" ahead of COP28 ended in failure Saturday, with countries from the global north and south unable to reach an agreement, according to sources involved in the talks.

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.