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View all search resultsBatam is rapidly transforming into a regional digital infrastructure hub, anchored by a landmark hyperscale data center expansion that underscores the island’s growing strategic relevance in Southeast Asia’s data economy.
6 hours agoIran's military declared the Strait of Hormuz closed again on Saturday, prompting ships to abandon attempts to transit the waterway and President Donald Trump to warn Tehran against trying to "blackmail" the United States. ...
1 day agoThe move is part of the administration's effort to control global energy prices that have shot higher during the US-Israeli war on Iran. ...
2 days agoCredit growth rose 7.74 percent year-on-year (yoy) to Rp 8.3 quadrillion (US$493 billion) in November, accelerating from growth of 7.36 percent yoy in October, according to the Financial Services Authority (OJK).
3 months agoThe Jakarta-based think tank found the program would lift GDP by just 0.15-0.17 percent at its peak in the early 2040s before the impact gradually wanes.
3 months agoThe Indonesian oil industry has met its crude lifting target set in the 2025 state budget, marking the first time the country managed to do so in almost a decade, while gas output failed to meet the goal.
3 months agoThe EU is expected Friday to give a long-delayed go ahead to a huge trade deal with South American bloc Mercosur championed by business groups but loathed by many European farmers.
3 months agoLast year’s fiscal deficit, or the amount by which state spending exceeded state revenue, was larger than planned at 2.92 percent of GDP, the finance minister revealed on Thursday.
3 months agoThe government also expressed confidence that Indonesia will end imports of white crystal sugar (GKP) this year, backed by a large-scale sugarcane plantation project in East Java.
3 months agoCore fiscal and structural challenges, including high bond yields and legal and political uncertainty, continue to be a concern for the country, despite Finance Ministry optimism, according to CSIS.
3 months agoUS Trade Representative Jamieson Greer and special envoy to the Middle East Steve Witkoff will also be part of the planned delegation, the source said.
3 months agoCrude has seen wild swings since the US president ordered the toppling Saturday of Nicolas Maduro, his counterpart in Caracas, and said Washington would run the country while demanding "total access" to its key resource.
3 months agoTrade protectionism has become a new normal that economists say Indonesia will have to navigate carefully this year through market diversification.
3 months agoIndonesia’s banking sector had a tough time in 2025 due to several challenges, mostly stemming from weaker domestic demand. A struggling middle-to-low-income class has put pressure on banks from the assets and liability side.
3 months agoInflation in 2025 reached the highest level in three years, spurred by increasing prices for various food commodities but also for gold, as the precious metal reached record highs in a world marked by uncertainty.
3 months agoThe US$2.66 billion surplus in November extended the country’s run of monthly surpluses to 67 consecutive months.
3 months agoThe dumping margin for Indonesian hot-rolled deformed steel rebar was just 1.3 percent, well below the 2 percent de minimis threshold required to impose duties.
3 months agoVenezuela, whose President Nicolas Maduro was captured by US forces on Saturday, according to US President Donald Trump, has the world's largest oil reserves.
3 months agoS&P Global's latest manufacturing PMI report showed the December reading slipped 2.1 points to 51.2 from the previous month, though it noted that surveyed firms anticipated a pickup in demand in the new year.
3 months agoDespite a slowdown in the first nine months of 2025, Finance Minister Purbaya Yudhi Sadewa says Indonesia’s economy could outpace the government’s own budget assumption.
3 months agoChina's economy is expected to have grown "around 5 percent" in 2025, President Xi Jinping said on Wednesday, despite "pressure" during a year he described as "very unusual", state media reported.
3 months agoThe comments followed a statement by Coordinating Economy Minister Airlangga Hartarto on Friday that manufactured products such as garments and textiles would receive no exemption from the United states' 19 percent tariff.
3 months agoDomestic players must adapt agilely and effectively to a noticeable shift in segment-specific consumer behavior amid weaker purchasing power, whether to more affordable products or reduced spending, including strategic marketing that takes a balanced approach to incorporating both online and offline channels.
3 months agoAn INDEF economist has said the loan growth target must aim for a higher target of 15-16 percent next year rather than 8-12 percent at present to boost GDP.
3 months agoBali Governor I Wayan Koster attributed the decline to a reduced number of domestic flights, noting that several aircraft operated by national flag carrier Garuda Indonesia and its subsidiary Citilink are currently undergoing maintenance
3 months agoThe first full year under the leadership of President Prabowo Subianto was marked by pronounced changes in budget allocations and a shift toward pro-growth fiscal policy, but amid external and internal challenges, this has yet to reflect in GDP figures.
3 months agoThe chief negotiator for Jakarta’s reciprocal tariff deal with Washington says the US tariff exemptions apply to natural resource commodities, hence textiles and textile products are excluded by default.
3 months agoThe Japanese government approved a record budget for the upcoming fiscal year on Friday, to pay for everything from bigger defense spending to ballooning social security costs as inflation persists.
3 months agoAmong the non-essential expenditures targeted by the joint circular signed by the finance and home ministers are ceremonial activities, official trips with “non-measurable” outputs and regional grants disbursed to other institutions.
3 months agoThe incident is the latest in a series of rejected shipments following contamination alerts, with authorities previously identifying at least 24 companies in and around KIMC as having been exposed to Cs-137.
3 months agoThe East Asian superpower has the world's largest rail network – one-fifth longer than the circumference of the earth.
3 months agoStarting April 2026, the government will not roll out diesel fuel import allocations for private companies, as it anticipates a surplus of approximately 4 million kiloliters of the fuel driven by the upgraded Pertamina refinery and B50 biodiesel policy.
3 months agoRetailers are seeing a later-than-usual pickup in seasonal sales this year as consumers appear more cautious with their spending, while industry associations say the delayed momentum could carry over past the year-end and into early 2026.
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