Officials have vowed uninterrupted market access amid an ongoing probe into the incident, as well as wider audits and reforms targeting long-term system credibility.

The gold miner is targeting output of 60,000 oz this year if its Martabe mine in Batang Toru, South Tapanuli, North Sumatra, one of the worst-affected regions in the 2025 Sumatra disaster, resumes operations as scheduled in mid-May.

The strategic Strait of Hormuz was again closed on Sunday in the stand-off between Iran and the United States, with Iran's powerful parliament speaker signaling a final peace deal remained "far" off despite some movement in negotiations.

Iran'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.

The move is part of the administration's effort to control global energy prices that have shot higher during the US-Israeli war on Iran.

However, some prospective buyers said they may hold off on purchasing an EV if incentives are reduced.

The government has announced that Indonesia will soon begin importing crude oil from Russia as part of a broader strategy to diversify energy supplies.

Finance Minister Purbaya Yudhi Sadewa said that S&P would come to Indonesia in June to reassess the country’s economy and budget “thoroughly”.

The government projects excess domestic supply of around 1.5 million tonnes in 2026, which could be allocated for exports.

Energy and Mineral Resources Ministry said in February that Shell had become the latest private fuel retailer to seek base fuel supplies from Pertamina, with its import recommendation still under review.

The oil and gas shortage caused by the United States-Israeli war on Iran should drive demand for renewables, but Indonesia’s inadequate grid infrastructure means a long waiting list remains for rooftop solar installation.  

The policy aims to close the widening gap between national sugar demand and local output while pushing the country closer to its sugar self-sufficiency target.

The International Monetary Fund and foreign investors see Indonesia as one of the world’s “bright spots” with strong economic fundamentals and resilience, despite the country’s vulnerability to global economic turmoil, according to Bank Indonesia.  

The state logistics agency said the increase was needed to meet rising demand as consumers shift from bulk cooking oil to Minyakita, partly driven by soaring plastic prices amid the Iran war.

The tourism industry is beginning to feel the impacts of the Iran war, prompting the government to shift its strategy toward boosting regional and domestic travel.

China's economic growth topped expectations in the first quarter of the year, official data showed Thursday, even as the global economy reels from the fallout of war in the Middle East.

Foreign investors are selling Thai assets as an energy shock from the US-Israeli war on Iran threatens to snuff out hopes for an economic revival under Prime Minister Anutin Charnvirakul and exposes the policy paralysis that is gripping Bangkok.

Tourism Minister Widiyanti Putri Wardhana sat down with The Jakarta Post’s Ni Made Tasyarani and Chloe Djalal to explain how the ministry aims to meet its targets in the tourism industry, including tourist arrivals.

Indonesia’s state-owned oil and gas company has confirmed that its refineries are capable of processing Russian crude, as the government eyes direct imports.

The city could target high-value spenders who might attend a morning conference in Sudirman but demand a world-class culinary adventure in South Jakarta at night.

PLN reports that gas reserves for power plants stand at roughly 12 days of operation (HOP), with coal reserves at 15.9 operating days as of April.

The Finance Minister said in March that the waning international perception of the country might be his fault on account of global investors not knowing who he is.

The US-sanctioned tanker Rich Starry made its way back to the Strait of Hormuz on Wednesday after exiting the Gulf the day before, shipping data showed, failing to break through a US blockade on vessels calling at Iranian ports.

US Treasury Secretary Scott Bessent said on Tuesday China had been an unreliable global partner during the Middle East war by hoarding oil supplies and limiting exports of some goods, mirroring its actions with medical goods during the COVID-19 pandemic.

Experts warned that turning PNM into a special mission vehicle (SMV) under the Finance Ministry risks duplicating existing institutions without tackling core issues like risk assessment, access and borrower repayment capacity.

Asian nations have been particularly hard hit due to a sharp fall in the crude shipments they rely on -- and have few alternatives to replace them.

The OJK emphasized that the information displayed in the SLIK system does not automatically determine whether a loan or financing application will be approved or rejected, noting that it only serves as a consideration in the credit analysis process.