The long-awaited Balikpapan refinery upgrade, beset by multiple delays since the project broke ground in 2018, came onstream on Monday in a ceremony led by the President, with the energy ministry hailing the integrated facility's potential to significantly reduce fuel imports.

A surge in Japanese shares led Asia higher on Tuesday amid investor bullishness over all things AI, while the cloud of uncertainty over Federal Reserve independence favored gold even as it weighed on the dollar.

The retail sales index was projected to climb to 231.7 points in December while the consumer confidence index dropped slightly to 123.5 points.

The low-cost carrier's local branch is set to operate the new route connecting Bali and Vietnam four times weekly from mid-March as part of its strategy to expand regional connectivity.

A report from property consultancy Colliers Indonesia shows that only around 2200 units were added to the apartment supply in the capital last year, marking a significant drop from some 4,000 new units that had entered the market in 2024.  

Two-wheeler sales, meanwhile, reached 6.4 million units last year, marking a 1.3 percent rise from the year before.

Asian equities posted gains Monday while the dollar dipped as investors digested news that the US Justice Department subpoenaed the Federal Reserve, raising fears over US central bank independence.

Persistent headwinds, including weak household purchasing power and a softer rupiah, meanwhile, may constrain loan growth and dampen investor sentiment, slowing the recovery in banking stocks.  

Initially introduced to address rising medical costs over time, the co-payment scheme allowed insurers and policyholders to jointly bear medical expenses.

Thousands of Irish farmers, many of whom traveled across the country on tractors, protested on Saturday against the European Union's Mercosur trade deal after a majority of EU states gave a provisional go-ahead for its largest ever free-trade accord.

Credit 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).  

Grok has faced global backlash after it emerged the feature allowed users to sexualize images of women and children using simple text prompts such as "put her in a bikini" or "remove her clothes."

US President Donald Trump said on Friday he was calling for a one-year cap on credit card interest rates at 10 percent starting on January 20 but he did not provide details on how his plan will come to fruition or how he planned to make companies comply.

The beauty industry has emerged as one of the fastest-growing consumer segments in Indonesia, standing out amid sluggish household spending that has kept overall retail growth modest.

The 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.

The 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.

The 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.

Asian markets rose Friday after a two-day stutter as traders look ahead to the release of crucial US jobs data and a possible Supreme Court ruling on Donald Trump's sweeping global tariffs.

The government has unveiled plans for Bulog to build 100 post-harvest facilities, backed by Rp 5 trillion in state capital injections, aiming to ease chronic storage bottlenecks that have long limited the absorption of farmers’ harvests.

Last 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.

Energy and Mineral Resources Minister Bahlil Lahadalia said this year’s coal production quota would be set at around 600 million tonnes, pending a final review by the ministry’s director general.

The 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.

Core 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. 

The national quarantine body has banned all imports of Spanish pork and pork products following a confirmed ASF outbreak in the European country, in a measure that aims to protect the domestic pig farming industry as well as native wild boars from the highly virulent and fatal swine disease.

US Trade Representative Jamieson Greer and special envoy to the Middle East Steve Witkoff will also be part of the planned delegation, the source said.

Authorities seized more than 4.1 million hectares of land last year, arguing it was being illegally operated in forest areas by both large palm oil companies and smallholder farmers.

Experts warned that the new body could overlap with the Housing and Settlements Ministry and BP Tapera, bloating the housing program with layers of bureaucracy.