In its latest projection for Indonesia's economy, the World Bank forecast a slowdown in gross domestic product (GDP) growth to 4.9 percent this year.

On his many visits to semiconductor factories and electric car plants, Germany's Chancellor Olaf Scholz bangs the drum for an economy at the forefront of an industrial transformation.

Indonesian businesses have lauded the government’s recent decision to end the national COVID-19 state of emergency, saying the move will expedite the economic recovery from the pandemic, but some experts predict little change, noting that most of the economically significant restrictions were relaxed months ago.

The textile industry continues to face pressure from prolonged falling exports with several firms prompted to take further cost-cutting measures, especially on workers. 

The year 2023 continues to be full of uncertainty, particularly concerning the trajectory of global inflation and monetary policy rates. The global economy remains in a state of ambiguity amid the forceful tightening of monetary measures, prompted by the significant rise in inflation following the reopening of economies after the COVID-19 pandemic.

Indonesian coal miners are facing an acute shortage of tires for heavy machinery and have warned that without quick action, production could be disrupted in the world’s largest coal exporter.

The Indonesian Logistics and Forwarders Association (ILFA) says the World Bank's 2023 Logistics Performance Index does not adequately describe the overall state of logistics in the Indonesia, and the government notes massive investment in the sector.

President Joko “Jokowi” Widodo launched at an event on Thursday the final phase of the 2025-2045 National Long-Term Development Plan (RPJPN), drafted by the Ministry of National Development Planning/National Development Planning Agency (Bappenas) to realize his Golden Indonesia 2045 vision.

As the general election draws closer and political parties seek to consolidate behind popular names, Indonesian businesses have expressed concern that the economy may not be top of mind for any of the current presidential hopefuls based on their backgrounds.

A steep rise in exports notwithstanding, Indonesia’s trade balance was nearly eroded in May because of a steeper increase in imports.

Next year on Oct. 20, based on the schedule provided by the General Elections Commission (KPU), we will have a new president to replace the incumbent Joko “Jokowi" Widodo.

Consumer confidence has reached its highest level in a year, and the upbeat mood is buoying retail sales, according to two new data reports from Bank Indonesia.

Some observers wonder whether Jokowi’s pet sector will elbow other industries out of coveted sources of international and domestic funding.

The US Federal Reserve is widely expected to pause its campaign of interest rate increases on Wednesday to give policymakers more time to assess the economic impact of existing hikes and recent banking stresses.

Jokowi revisited his sales pitch to Singaporean investors on Wednesday in the hope of securing funding for the Nusantara capital project, a legacy program the President has fought hard to keep afloat.

Trust has long been vital for successful dealings between businesses and their customers. As online interactions increasingly supplant face-to-face interactions, and technology enables secure e-commerce transactions on reputable platforms, trust is becoming ever more essential for virtually every enterprise — especially in Asia where the pandemic has accelerated the region’s digitalization trend.

Palm oil imports by India fell to 441,000 tonnes last month, down 14 percent from 510,094 tonnes in April, according to average estimates from the dealers. May imports were the lowest since February 2021, the dealers added.

Southeast Asian nations are struggling to meet their emissions reduction commitments and unlock their green economic potential, a recent study has found, but Indonesia may be well positioned to take advantage of a future renewable energy boom.

Back in 2020, the COVID-19 pandemic had significant socio-economic impacts on major countries, including Indonesia. The pandemic restrained economic activities, increasing the poverty level and burdening the purchasing power of the mid-to-low income class in Indonesia.

Headline inflation has dropped back into Bank Indonesia’s target range, yet analysts do not expect the central bank to lower interest rates anytime soon.

Indonesia's manufacturing sector experienced its slowest growth in six months after the country's May PMI figure fell to 50.3 points due to weaker domestic and global economic conditions.

Despite an overall good performance throughout many sectors and economic indicators, Indonesia is experiencing a lag in construction and real estate investment that in turn might hold back economic growth this year.

China and South Korea have agreed to strengthen dialogue and cooperation on semiconductor industry supply chains, amid broader global concerns over chip supplies, sanctions and national security, China's commerce minister said.

Despite residential property prices having appreciated at a rate much lower than inflation over the past year, a home of their own remains out of reach for most millennials.

HSBC has forecast the Indonesia’s economic growth to decline under 5 percent for the 2023 fiscal year amid global economic uncertainty and the political dynamics ahead of next year’s elections.

There are seven days until June 1 -- the earliest possible point when the government estimates it could run out of money to service its debts -- and missed loan repayments would likely spark a recession, roiling world markets.

Launching a two-day meeting of the ministers under a cloud of US-China tensions in Detroit, a city that has experienced the negative impact of "aggressive" trade liberalization, she urged them to build on recent World Trade Organization agreements to better serve workers and build trade more sustainably. 

The reassignment implies continuity in monetary policy decision-making until 2028.

President Joe Biden and Republicans in Congress have resumed crunch talks aimed at averting a damaging US debt default, which Treasury officials recently warned could come as early as June 1.

Accelerating the shift to green energy in achieving Indonesia’s climate targets, including net zero emissions by 2060, requires innovative financing.