The proposal, passed earlier by the lower house, will raise or impose new duties of up to 50 percent from 2026 on certain goods.

The group, owned by President Prabowo’s brother, has recently expanded into technology and digital assets, following its move in late 2024 to become a shareholder in PT Solusi Sinergi Digital.

While the move had been priced in for several weeks, investors were cheered by the fact that bank boss Jerome Powell was "less hawkish" in his post-meeting remarks.

Greer declined to discuss the state of the trade talks with Indonesia, saying they were subject to a confidentiality agreement, but underscoring Washington's interest in finalizing the trade deal.

The festival, which runs from Dec. 10 to 11 and is free to all visitors, aims to increase public trust in the fintech industry toward better, sustainable economic growth.

Indonesia’s banking industry is cautiously optimistic about 2026 loan growth after sluggish demand this year.

News reports suggest that talks aimed at reaching a final bilateral trade agreement were in danger of collapsing over growing frustration in Washington.

According to preliminary data from Bank Indonesia (BI) published on Wednesday, the retail sales index (RSI) was projected to have climbed to 222.1 in November, marking a solid 5.9 percent year-on-year (yoy) increase from 209.7 in November 2024.

Estimates indicate 600 billion cubic feet (Bcf) of gas initially in place, with a potential of beyond 1 trillion cubic feet (Tcf).

The strategy, called Libra Hybrid, is targeting $500 million in total commitments and drew capital from global institutions including sovereign wealth funds and Granite Asia's partners, Granite Asia said in a statement.

Deep in the Abu Dhabi desert, a vast AI campus a quarter the size of Paris is starting to emerge, the oil-rich UAE's boldest bet yet on technology it hopes will help transform its economy.

The two countries in July said Indonesia agreed to eliminate tariffs on more than 99 percent of US goods and scrap all non-tariff barriers facing American firms, while the US will drop threatened tariffs on Indonesian products to 19 percent from 32 percent.

In March, the government required natural resource exporters to lock up their receipts in the country for at least a year to boost the country's foreign reserves.

Based on Mandiri Spending Index (MSI) data, average weekly spending growth in Q4 reached 37.8 percent year-on-year (yoy), higher than the 29.3 percent in Q3.

State-owned enterprises will receive about a third of last year's state capital injections this year due to the establishment of state asset fund Danantara.

Apindo chairwoman Shinta W. Kamdani said the first quarter of 2026 was likely to deliver the year’s strongest momentum as New Year, Lunar New Year, Ramadan and Idul Fitri will drive spending.

Paramount Skydance on Monday launched a hostile bid worth US$108.4 billion for Warner Bros Discovery in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant.

Asian stocks fell and the dollar was steady on Tuesday as investors braced for a cut in US interest rates later this week while the yen was calm after a powerful earthquake rocked Japan's northeast region though the impact was limited.

Saudi Arabia-based RUA AlHaram AlMakki Company, a PIF-owned master developer, concluded its debut at the world’s largest real estate exhibition Cityscape Global with the signing of six landmark Memorandums of Understanding (MoUs) with partners from Saudi Arabia, Indonesia, Malaysia, Brunei and the United States, advancing international investment and global collaboration for its inaugural King Salman Gate project in the Holy City of Mecca.

Impending state financing for state-owned Krakatau Steel is drawing attention to Indonesia's steel industry crisis, where low competitiveness and reliance on imports clash with the new government's push for self-sufficiency.

PT Indonesia Weda Bay Industrial Park (IWIP) has rejected allegations of nickel smuggling through the Weda Bay private airport in Central Halmahera, North Maluku.  

Founded in California in 2013, Robinhood shot to fame during the social-media-fueled retail-trading frenzy of 2021 and gained broader market legitimacy this year after joining the United States benchmark S&P 500 index.

The president said he had received extensive reports on the scale of agricultural destruction and stressed that affected farmers would not be left to bear the losses alone.

From the latest album release listening party to surprise music video drops, the economic value of the global creative industry has reached US$2.3 trillion annually, making up 3.1 percent of the global GDP.

China's exports topped forecasts in November, driven by a surge in shipments to non-US markets as manufacturers deepen trade ties with the rest of the world in light of President Donald Trump's prohibitively high tariffs.

French President Emmanuel Macron said he had threatened Beijing with tariffs during his state visit to China if there was no action taken to reduce the country's ever-widening trade deficit with the European Union.

Indonesia’s bid to mass-produce cars of a homegrown brand in 2027 is “highly ambitious”, experts say, noting that an electric vehicle model would require sustained fiscal outlays and far stronger technical competencies than the country currently possesses.