The dollar drifted higher against the yen and euro on Friday, building on the previous day's gains as doubts about an Iran peace deal buffed the US currency's appeal as a haven.

The World Bank announced on Thursday that it was providing US$750 million in financial guarantees to Indonesia's largest state-owned commercial bank, with the funds to be channeled into the government's low-interest loan program for small businesses.

Electric vehicle adoption is accelerating and overall car sales have begun to recover in the first half of the year.

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Rising spending among the wealthy while middle-class consumption loses steam suggests overall purchasing power is failing to keep pace with GDP growth.  

PLN also pushed pumped-storage hydropower projects designed to function like giant water batteries, pumping water to an upper reservoir during periods of low demand and releasing it to generate electricity during peak hours.

Indonesian President Prabowo Subianto will move quickly to appoint a new central bank governor and interim head Destry Damayanti is the frontrunner for the role, a source with direct knowledge of the matter told Reuters.

In this year’s first half alone, the Indonesian SOE consortium that operates the Whoosh high-speed railway incurred a loss of Rp 5.1 trillion ($282.5 million), widening from Rp 4.9 trillion logged in the entirety of last year.

The World Bank Group (WBG) has appointed Indonesia’s former finance minister Sri Mulyani Indrawati as a co-chair tasked with addressing extreme poverty in low-income countries.  

Indonesia is expanding infrastructure, strengthening industrial capacity and accelerating digital adoption while pursuing growth that is more resilient, inclusive and sustainable. In an increasingly uncertain world, where supply chains shift rapidly and capital responds instantly to global events, the role of an international bank has evolved. It is no longer merely a facilitator of cross-border transactions, but a strategic partner that helps businesses and institutions navigate complexity with confidence.

In an attempt to urge the Japanese auto giant to set up its regional hub in Indonesia, the finance minister has indicated the government’s readiness to offer a slew of incentives across related sectors, from steel to financial services.

Apindo noted that every unresolved business obstacle weakens the multiplier effect needed to attract investment, expand production and create employment.

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Indonesia’s gross domestic product growth has decelerated in the second quarter, making the government’s target for the full year – a milestone toward reaching President Prabowo Subianto’s goal of 8 percent growth in his tenure – a tall order.

Airfares are unlikely to fall significantly despite lower aviation fuel prices this month as airlines continue to grapple with high operating costs and fuel surcharges well above pre-pandemic levels.

Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and bond yields.

Rising interest rates are driving up funding costs and squeezing net interest margins (NIM) of banks, with analysts saying lenders will need to step up operational efficiency to sustain profitability.  

Presidential Chief of Staff Dudung Abdurachman revealed that state-owned surveyor PT Sucofindo, which administers the testing program, would soon release 85 delayed surveyor reports after they had indicated the presence of rare earth elements.

The finance minister said the full year GDP growth this year was projected to hover between 5.6 and 6 percent despite the likelihood of a slowdown in the second quarter.

Despite an annual tobacco production shortfall of just 75,000 to 100,000 tonnes, Indonesia imports more than twice that volume from abroad.

South Korea's Kospi swung between gains and losses, with chip giants SK hynix and Samsung, which have been the poster boys of a month-long AI-themed rout, center of attention again.

Communications and Digital Minister Meutya Hafid said the government had begun reviewing the Constitutional Court's ruling and would assess whether regulations needed to be revised.

The purchasing managers’ index (PMI) climbed back above 50 last month as output edged higher and business confidence hit a six-month high, but weak exports and high input costs are keeping manufacturers wary.

Data from Statistics Indonesia (BPS), released on Monday, showed that the June shortfall narrowed from the $1.61 billion deficit recorded in May.

The losses widened from Rp 4.9 trillion recorded for the whole of last year, according to the latest financial report released by state-owned railway company PT Kereta Api Indonesia (KAI).  

Consumer price index growth cooled to 2.88 percent year-on-year in July despite ongoing pressure from high global oil prices, according to the latest report from Statistics Indonesia (BPS).

The yen leapt on Monday, keeping traders on alert for further intervention from authorities to shore up Japan's historically weak currency, days after Tokyo and Washington jointly intervened in the foreign exchange market.