Australia's central bank raised its cash rate for a second straight month on Tuesday, saying higher borrowing costs were needed to contain inflation, though a very tight vote suggested further tightening is far from certain.

International Energy Agency chief Fatih Birol said Monday more strategic oil stocks could be released if necessary to limit the fallout of from the near complete blockage of supplies through the Strait of Hormuz owing to the war on Iran.

Nearly half of the country’s daily fuel use is met through imports as consumption climbed to 232,417 kiloliters per day in 2025.

The government has emphasized that lifting the fiscal deficit cap, which sits at 3 percent of GDP, could only happen in a crisis, and that it is focusing instead on slashing government spending.

The agreement is expected to strengthen the security and reliability of the critical minerals supply chain for both countries while supporting the development of clean energy technologies using Indonesia's mineral resources.

Industry players estimate that packaging costs in the bottled water industry could increase by as much as 45 percent if supply disruptions persist.

US President Donald Trump said Sunday he had the authority to impose duties despite the US Supreme Court last month striking down his global tariffs.

Oil prices hovered around US$100 a barrel Monday and stocks fluctuated as the Iran war moved into a third week with both sides showing no sign of backing down and diplomats trying to ensure safe passage for tankers through the crucial Strait of Hormuz.

Analysts warned that many potential beneficiaries of subsidized housing programs work in the informal sector, with little job and income stability.

The government says this year’s fiscal deficit may temporarily exceed the legal limit for the sake of maintaining economic growth should oil prices remain elevated for a prolonged period as the US-Israeli war on Iran rages on.

Prabowo said he has no plan to revise Indonesia's legally mandated deficit cap of 3 percent of GDP "unless there's a very big emergency like COVID." 

US Federal Reserve policymakers are expected to leave interest rates unchanged at their meeting next week, as the US-Israel war on Iran sends shock waves through markets and recent economic data has begun to show weakness.

The bourse is racing against time as it tries to finish new rules on formalizing a minimum free float hike from 7.5 to 15 percent as part of its proposed solution to MSCI, with the Nyepi-Idul Fitri extended holiday just around the corner.

Google's final challenge against the KPPU's anti-monopoly ruling last year ended in failure on Tuesday, when the Supreme Court issued a decision to uphold the competition watchdog’s US$12 million fine and related orders against the mandated the use of its payment system for local developers.

Iran warned it could target United States "hideouts" in the United Arab Emirates as a major UAE energy hub suffered disruption after a drone attack on Saturday, and US President Donald Trump said "many countries" would send warships to the region.

If Meta settles on the 20 percent figure, the layoffs will be the company's most significant since a restructuring in late 2022 and early 2023 that it dubbed the "year of efficiency."

US trade investigations against Indonesia and other countries over alleged unfair practices could give Washington new leverage in bilateral negotiations after the US Supreme Court struck down the initial legal basis for the Agreement on Reciprocal Trade (ART).

To prevent power outages, Energy and Mineral Resources Minister Bahlil Lahadalia said that closures would be carried out gradually.

US President Donald Trump's administration launched a new trade investigation on Wednesday into excess industrial capacity in 16 major trading partners in a move to rebuild tariff pressure after the US Supreme Court tore down the centerpiece of Trump's tariff program last month.

Indonesia exported around $2.5 billion worth of coffee products last year, excluding instant coffee, with most of the products shipped to the United States, Belgium, Germany and Egypt.

Jury deliberations are set to begin Friday in a landmark social media addiction trial accusing Meta and YouTube of intentionally trying to hook young internet users.

Asian stocks slumped on Friday, poised for a second straight weekly decline as fast-dwindling hopes of a resolution to the US and Israel's war with Iran kept oil prices aloft, casting a shadow over global markets and spurring inflation fears.

A prolonged disruption of maritime traffic in the Middle East could paralyze high-pressure acid leaching (HPAL) operations to produce mixed hydroxide precipitate (MHP) in Indonesia, an industry group has warned, given the country’s heavy reliance on sulfur shipments from the region.

The president asked Danantara to deliver a 5 percent return of assets in the near term, or around US$50 billion, to the state budget.

Pertamina will partner with foreign investors to develop a strategic crude oil storage facility in Sumatra, aiming to increase the national reserves storage capacity to 90 days, a senior government official has said.

Özlem Fidanci, chief of Philips International Region and member of the Royal Philips Executive Committee, spoke to The Jakarta Post during her visit to Jakarta about Philips’ initiatives and healthcare technology innovations, underscoring the company’s longstanding commitment to expanding equitable access to quality health care in Indonesia.

Friderica Widyasari Dewi has been formally appointed as OJK chair, alongside several other leaders, in an accelerated selection process to restore market certainty amid the Mideast war, according to the government.