On the demand side, home sales fell by 25.7 percent year-on-year (yoy) in Q1, according to a Bank Indonesia survey.

The yen slumped to levels not seen since 1986 on Tuesday, stoking worries that direct intervention from Tokyo was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the US rate outlook.

Asian stocks wobbled toward the end of a sparkling quarter on Tuesday, while a resurgent dollar pushed the yen to a four-decade low and was headed for a fourth straight quarterly rise.

In its latest report titled “Indonesia Economic Prospects” published in June, the World Bank highlighted that the country’s decreasing medium- and high-skilled employment has further eroded the supply of jobs capable of supporting middle-class livelihoods. 

Weak transparency in public institutions creates opportunities for mismanagement and corruption that could threaten Indonesia’s economic ambitions, unless the greater state role in the economy is matched by stronger oversight and accountability, antigraft groups have warned.

Experts have warned that the bioethanol push demands rigorous scrutiny, citing potentially severe trade-offs, as producing ethanol from crops could disrupt food security, trigger land conflicts and incentivize deforestation.

The maker of Lucky Strike and Dunhill cigarettes aims to save £600 million ($792 million) a year by 2028 in a restructuring that will affect around 20 percent of BAT's 47,000-member workforce, it said in a statement.

Raunak Mehta, cofounder and CEO of Singapore-based insurance technology (insurtech) firm Igloo, spoke with The Jakarta Post's Ni Made Tasyarani on June 18 to explain how the company aims to bridge Indonesia's coverage gap and drive growth through partnerships with local companies and the use of artificial intelligence.

The Tasmania-based artificial intelligence company is set to build one of the Asia-Pacific's largest digital infrastructure facilities on the island of Batam, under a multinational partnership that includes global chipmaker Nvidia to woo AI-native customers.

Asian stocks wobbled on Monday after Iran and the United States agreed to halt renewed hostilities that had cast a shadow over an interim peace deal and kept oil prices supported, while the dollar stood tall near a one-year high on rate-hike bets.

The Communications and Digital Ministry has submitted drafts of two presidential regulations on AI ethics and a 2026-2029 national AI roadmap to the State Secretariat, setting broad principles for AI development while seeking to attract investment into talent and infrastructure.

The conciliatory remarks contrasted with President Prabowo Subianto's comments earlier this week, when he took aim at what he described as "intellectuals" of questioning the urgency of his signature free nutritious meal program.

A plan to extend the tenor of subsidized mortgages from 30 to 40 years has been given the green light as the government continues to explore potential financing schemes for implementation, including a tiered interest rate system for landed houses.

Countries from Kenya to Indonesia and Bolivia have seen protests in recent weeks linked to energy price hikes and the rising cost of living.

Strategic petroleum releases helped avert a sharper rise in oil prices as a result of the war in the Middle East, but the global economy faces significant downside risks if a fragile ceasefire between the US and Iran doesn't hold, IMF chief economist Pierre-Olivier Gourinchas said on Friday.

Volkswagen is considering shutting four German factories and ramping up job cuts to as many as 100,000, two people familiar with ‌the matter said on Friday, in what could be the biggest ever overhaul in the industry.

Indonesia’s e-commerce market was estimated at US$57.7 billion in GMV in 2025 according to Momentum Works, dominated by Sea Group’s Shopee at 54 percent market share, followed by TikTok Shop at 38 percent.

The government has decided to scale back President Prabowo Subianto’s flagship free nutritious meal program after growing demands to rethink fiscal priorities amid competing spending needs.

The government is targeting first production between 2029 and 2030, positioning the field as a cornerstone of national energy security. 

Cyprus, which currently holds the Presidency of the Council of the European Union, said enhancing the EU's relationship with Indonesia and ASEAN have been among its priorities.

An attack on a ship Thursday in the Strait of Hormuz led the UN to suspend efforts to evacuate trapped mariners as the United States warned against Iran charging fees for passage through the vital waterway.

Samsung Group will announce on Monday plans to invest 1,000 trillion won (US$647.53 billion) in South Korea over 10 years, including a potential 300 trillion won to build chip factories in the southwest of the country, a media report said on Friday.

The government’s preference for state-led solutions not only exacerbates cumbersome governance but also hurts business efficiency – thereby dragging down Indonesia’s global competitiveness.

Another vessel Pertamina Pride remained stranded on the opposite side awaiting further movement instructions.

National Economic Council (DEN) head Luhut Pandjaitan said the implementation of President Prabowo Subianto’s flagship free meals program was “somewhat rushed” but expressed optimism that significant improvements would happen in the coming months.

The government is preparing to scale back President Prabowo Subianto's flagship free meals program, with officials weighing another budget cut of more than $2 billion along with reductions in kitchens and beneficiaries, according to two sources familiar with the matter and an internal presentation.

The Karawang facility is being developed by PT SK Plasma Core Indonesia, a joint venture between South Korea's SK Plasma and Indonesia's sovereign wealth fund INA, with an investment of US$150 million.