Oil prices were headed for weekly losses as Iran and Oman had agreed on administering traffic in the Strait of Hormuz and sharing revenues.

A race between member countries to attract factories undermines ASEAN ambitions to become a unified economic powerhouse, analysts say.

The House of Representatives has confirmed Destry Damayanti for the Bank Indonesia (BI) governor position for a full five-year term.

Indonesia’s shipbuilding industry is facing mounting pressure from a lack of domestic orders for ship construction that has persisted since the coronavirus pandemic.

In July, Pos Indonesia also missed a payment of Rp 24.12 billion on the sixth periodic return of its Sustainable Ijarah Sukuk I Phase I 2024.

The alert comes amid concerns over the country's upstream production performance, with average oil production from January to July 2026 standing at 578,156 barrels per day, only 95 percent of the 610,000 bpd target set in the state budget.

Nvidia has forecast a 70 percent ​jump in revenue next fiscal year, underscoring unabated demand for AI computing, while warning that shortages of memory components would continue to curb how ‌quickly it can expand.

Experts argued that SOE banks still need to assess the commercial viability of the cooperatives and not just rely on the government backstop.   

More than 14,000 runners from 46 countries convened in Gianyar, Bali, for Indonesia’s first World Athletics Elite Label Road Race.

In a vetting process at the House of Representatives, Bank Indonesia (BI) governor nominee Destry Damayanti signaled continuity in monetary policy but emphasized a commitment to pushing economic growth should she be approved for the top job at the central bank.

Georgieva said that there was a "tug of war" between the negative Gulf energy supply shock and growth tailwinds from the artificial intelligence investment boom that was starting to spread beyond US borders.

GAPKI chairman Eddy Martono said that the significant impact of a severe El Niño on palm oil production could be felt as early as next year. 

INKA's products have been exported to countries including Bangladesh, the Philippines, Malaysia, Thailand, Singapore, Australia and New Zealand.

Asian stocks edged higher Wednesday as oil prices extended a decline on receding concerns about another military flare-up between the United States and Iran, while traders were also nervously awaiting Nvidia's earnings and key US inflation data.

At the event on Tuesday, President Prabowo Subianto broke ground on solar power plants in Banyuwangi and Pasuruan in East Java, as well as at Gajah Mungkur Reservoir in Central Java, with a combined capacity of 396.4 MWp.

The commercial plan is still being evaluated, says the head of PT Danantara Sumber Daya Indonesia (DSI), the newly established company to track commodity exports from Indonesia.

Eight banks joined the initial rollout of KKI, while payments are made through QRIS, either by scanning a code or using QRIS Tap.

The outgoing EU ambassador to Indonesia, Denis Chaibi, whose term ends this month, told The Jakarta Post that stable regulations and fewer trade barriers would be key to attracting European investment in view of the signing of the Indonesia-EU CEPA in October.

After incurring a loss of nearly $290 million in the first six months of 2026, the government is finally stepping up to take over the operation and maintenance of the Jakarta-Bandung HSR, according to the finance minister.

The announcement comes almost six months into a war on Iran that has ground to a stalemate, with stalled peace talks and Tehran blocking most traffic through the crucial Strait of Hormuz.

Norway will continue developing its oil and gas resources in the Barents Sea regardless of the European Union's support for a moratorium on Arctic hydrocarbon supplies, and no longer sees itself as Europe's "green battery", Energy Minister Terje Aasland told Reuters.

The results exposed a squeeze at the heart of the low-cost model: Fuel makes up a larger share of expenses than at full-service airlines, but price-sensitive passengers leave carriers less scope to lift fares without weakening demand.

Without detailing specific measures, US Treasury Secretary Scott Bessent signaled Washington would target "fearful nations" that practice "appeasement" by engaging with Iran's economy and financial system.

Combined investment from mainland China and Hong Kong reached US$11.5 billion in H1 2026, nearly three times the $4.1 billion recorded a year earlier.

Under the latest plan disclosed by Finance Minister Purbaya Yudhi Sadewa, the government would restrict purchases by those classified in deciles 9 and 10 under the National Socioeconomic Single Data (DTSEN) system.

Negotiations between the neighboring countries broke down Friday in Washington, putting into force new 50-percent US tariffs impacting about $20 billion worth of goods, or 5.5 percent of Canadian exports to the United States.

The lack of a final agreement means that new 50-percent duties, set to impact some $20 billion of Canadian exports to the United States, took effect on Saturday.