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.

Experts say slowing population growth could impact the Indonesian economy, given its reliance on household consumption for more than 50 percent of gross domestic product (GDP).

All import and marketing of fuel in the country of nearly 170 million people is controlled by Bangladesh Petroleum Corp (BPC), which has asked the government to permit domestic commercial banks to settle dues with India in rupees.

Indonesia’s aviation industry continues to recover as passenger figures have reached 80 percent of the pre-pandemic level, according to the Indonesian National Air Carriers Association (INACA).

The government has outlined a plan to lower the budget deficit further next year, as it continues to rein in its fiscal policy following an emergency spike in spending during the COVID-19 pandemic.

The National Development Planning Agency (Bappenas) believes the archipelago’s vast maritime territories could do more for Indonesia’s economic development.

The Minister for National Development Planning/Head of the National Development Planning Agency (Bappenas), Suharso Monoarfa, unveiled on May 16 the country’s projected population for 2020-2050 in a bid to anticipate related issues that could emerge in 2045, when Indonesia is expected to reach its Golden Year.

Japan's economy grew faster than expected in the first quarter, official data showed Wednesday, helped by a recovery in inbound tourism after pandemic border restrictions were lifted.

Ramadan is a time of spending for most Indonesians, and people usually hold back their spending in the months before to allocate more for Idul Fitri. Retailers, from luxury fashion brands in malls to street food stalls, take this opportunity to get more business by providing discounts.

President Joko “Jokowi” Widodo has long expressed his ambition for Indonesia to become the world’s fourth-largest economy by 2045, when the country marks its centenary of independence, and after years of global turmoil that saw the dollar rise against most emerging market currencies, the government has not abandoned that goal.

Indonesian exports plummeted last month, yet the country maintained its trade surplus because imports dropped even further, as a feeble global economy takes its toll on the exchange of goods and services.

Efforts to grapple with China's growing global presence were evident at the three-day G7 finance chiefs' gathering in Niigata, Japan, during which they held their first outreach in 14 years, aimed at winning over emerging nations.

Indonesia’s efforts to reach its ambitious 2060 Net-Zero Emission (NZE) target are steadily underway, with state-owned electricity company PT PLN carrying out work toward decarbonizing its fossil fuel-based power plants, expanding renewables capacity and supporting systems and developing green ecosystems.

Slower growth in household spending and bad weather may hamper the ability of debtors to repay multifinance firms, an analyst has said.

Hunt told reporters that Group of Seven (G7) finance chiefs in Japan had "very frank and open discussions" about the challenges they face, including banking regulation and the impact of Russia's war in Ukraine on the global economy.

The big drop in palm oil imports by India, the world's biggest importer of vegetable oils, could weigh on palm oil prices FCPOc3, which are trading near a seven-month low.

Yellen issued the latest in a series of increasingly stark warnings in remarks prepared for a press conference ahead of a meeting in Japan with her counterparts from the Group of Seven (G7) rich nations, as well as India, Indonesia and Brazil.

Republican former President Donald Trump on Wednesday played down the severity of a potential US government default, saying the consequences of a failure by Congress to raise the nation's debt limit "could be maybe nothing."

Last year, the US and Japan led the commitment to give $20 billion in loans and grants for Indonesia's energy transition process through the JETP agreement.

Indonesian retailers are projected to maintain their sales momentum even after the fasting month and the Idul Fitri holidays, which normally lift consumer spending, came to an end, Bank Indonesia (BI) data show.

Statistics Indonesia (BPS) released forecast-beating first-quarter Indonesian economic performance data on Friday. The economy grew at a rate of 5.03 percent year-on-year (yoy), higher than the previous quarter, suggesting continued economic recovery and resilience.

Treasury Secretary Janet Yellen lands at Japan's G7 finance meeting this week, with her ambitious economic agenda hijacked by a bitter partisan fight over the US debt ceiling that threatens a new financial crisis, and a signature tax deal blocked by Republicans.

The World Bank has called on Indonesia to expand its poverty eradication efforts to protect the millions of citizens it says are in danger of falling back into poverty, despite the country’s achievements in improving the lot of its people over the past decades.

China's imports contracted sharply in April, while exports grew at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an economy already struggling in the face of cooling global growth.

Indonesia’s economy is showing resilience in a turbulent global environment as first-quarter growth came in slightly higher than many had expected.

Indonesia's economic growth kept pace in the first quarter of the year, official data showed Friday, ahead of an expected slowdown that analysts said would be triggered by lagging exports and high interest rates.

Indonesia has staged a high-level business forum in South Korea to pitch investment projects in infrastructure, downstream industries and clean energy as the two countries celebrate 50 years of diplomatic relations.

Tourism and Creative Economy Minister Sandiaga Uno expects an international summit hosted by Indonesia later this month to invigorate economic activity in the country.

The central bank embarked on an aggressive campaign of rate hikes in March last year to take aim at price increases. But more than a year later, inflation remains stubbornly above its long-term target of two percent.