"The world has never experienced a disruption to energy supply of such magnitude," he said in an interview with the French newspaper released in its Tuesday edition.

Through its subsidiary DIPO, the company will supply 20,600 trucks to Agrinas Pangan Nusantara as part of the government’s red and white cooperatives program, amid a broader plan to procure up to 160,000 vehicles nationwide.  

The energy minister has touted the competitiveness of Indonesia's avtur prices amid the economic fallout from the Iran war, even after a markup of more than 70 percent due to surging global fuel prices.

Global stocks wavered on Tuesday, while oil prices were perched near US$110 per barrel as the prospect of escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervy investors on the sidelines.

The government says prices of subsidized gasoline and diesel will stay fixed even if global oil prices remain elevated, while airlines will be allowed to lift airfares, but without excessively hurting consumers.

State-run Indian Potash Ltd (IPL) issued a tender on Saturday to import 1.5 million tons via the country's west coast. The remaining 1 million tons will arrive through the east coast, according to the document posted on the company's website.

The government will cover the 11-percent value added tax on domestic flight tickets to offset the impact of the price rise on travelers.

OJK has projected credit in the micro, small and medium enterprises (MSMEs) segment to grow between 7 percent and 9 percent this year, while overall loan growth is expected to reach between 10 and 12 percent. 

The project, which will be developed on land owned by state-owned railway operator Kereta Api Indonesia, to be carried out using Astra’s corporate social responsibility funds.

Southeast Asia's largest low-cost carrier AirAsia X said Monday it was raising ticket prices and cutting routes to cushion the impact of the war on Iran, but stressed demand for flights remained high.

US President Donald Trump's tariffs sought to hurt Chinese manufacturing, but for one electronics maker, a turbulent 2025 ended with a belief that China is a location that is difficult to replicate – as long as things don't change too drastically.

Crude oil prices opened higher on Monday, with US benchmark West Texas Intermediate up 1.86 percent to US$113.62 a barrel, as the war in the Middle East continues to squeeze global energy supplies.

Indonesia remains heavily dependent on imported naphtha, a key feedstock for plastic resins, with 70 percent of its supply coming from the Middle East.

New research findings presented on Wednesday suggest that private health insurance has been losing out to the national scheme over the last dozen years and may require intervention to avoid stagnation.

The finance ministers of Germany, Italy, Spain, Portugal and Austria pointed to a similar emergency tax in 2022 to address high energy prices.

The government will bear a burden of 350 million rupees from the fre public transit policy, the Pakistani government said.

The US economy posted unexpectedly strong job gains in March, data showed Friday, in a development hailed by US President Donald Trump – but seen with caution by analysts.

Caps on how much fuel motorists may buy per day could be troublesome to enforce on the ground and will not eliminate the fiscal headache of high global oil prices.

The proposed reforms were unveiled after index provider MSCI warned in late January that the country was ​at risk of being downgraded amid concerns about a lack of transparency around stock ownership and ​trading.

India sources most of its palm oil from Indonesia and Malaysia, while soy oil and sunflower oil are imported mainly from Argentina, Brazil, Russia and Ukraine.

The government is preparing a host of measures to buoy the tourism industry as the economic fallout from the Middle East crisis begins impacting air travel via rising fuel costs.

The government is taking a cautious policy approach as INACA presses the urgent need to adjust the airfare cap to reflect a jump in avtur prices of over 70 percent as a result of the Middle East crisis.

Oil prices spiked and stocks sank on Thursday after Donald Trump reiterated that US forces would hammer Iran for another two to three weeks but offered no solution to the closure of the Strait of Hormuz that has crippled global markets.

Initially, the government budgeted Rp 381.3 trillion (US$22.5 billion) ​to pay for energy subsidies and also compensate state energy firm Pertamina and utility ​company PLN for their efforts to keep some fuel prices and electricity tariffs at an affordable level.

Inflation in Indonesia has slowed down in March despite surging global oil prices and elevated demand over the Idul Fitri holidays, but analysts warn of rising inflationary pressure as the Iran war drags on.

Experts noted that similar maximum interest rate rules exist in other countries, but argued that Indonesia’s implementation needs improvement.  

Precious metals and jewelry recorded the highest annual import growth, followed by mechanical appliances and electrical machinery.