The House of Representatives is drafting an omnibus bill to establish an agency for managing strategic commodities.

The IDX Composite faced turbulence amid external factors, including political unrest in late August and Monday’s announcement of Finance Minister Sri Mulyani Indrawati’s dismissal.

Newly appointed finance minister Purbaya Yudhi Sadewa said on Monday that 8 percent economic growth was "not impossible" and that he would find ways to quickly boost the economy.

Negotiations on the upgrade concluded in May, paving the way for improved market access in sectors such as agriculture, the digital economy and pharmaceuticals between China and the 10-member state ASEAN bloc, with Beijing seeking to position itself as the "more open" major economy, while US President Donald Trump continues to target the region with punitive trade curbs.

The Indonesian Employers Association (Apindo) has warned against a potential hike in the tobacco excise as the government looks to beef up state revenue next year without increasing taxes.

Nestlé Indonesia received a visit from the head of the Food and Drug Monitoring Agency (BPOM), Dr. Taruna Ikrar, MBiomedSc, and his staff on Aug. 4 at the Karawang factory in West Java.

Stocks rose and the dollar wobbled on Monday after dismal US labor data sealed the case for an interest rate cut this month, while the yen fell as investors girded for uncertainty in Japan following the resignation of Prime Minister Shigeru Ishiba.

Japan's economy expanded much faster than initially estimated in the second quarter, driven by upward revisions in private consumption and inventories, giving policymakers some assurance as they navigate political and trade uncertainty.

President Donald Trump on Sunday warned foreign companies to obey US law after some 300 allegedly illegal South Korean workers were arrested at a Hyundai-LG battery plant being built in the southern state of Georgia.

The recently completed draft regulation on waste, which eliminates tipping fees, has been hailed as a means of reviving long-delayed WtE projects, but issues like land availability and unfairly burdening private developers remain.

More than 300 South Koreans were among 475 people arrested by US immigration officials in a raid on a Hyundai-LG battery plant being built in the southern US state of Georgia, the foreign minister in Seoul said on Saturday. One Indonesian is reportedly among those detained.

The IDX Composite fell as much as 3.6 percent at the market’s opening on Sept. 1, following political unrest that began the previous week, before regaining part of its losses over the course of the week.

Rice prices eased, mainly because of a fall of Indian prices to three-year lows on rupee weakness and intense competition among exporters.

Cost competitiveness is a key concern as local footwear producers face dual pressures from both the regional and domestic markets, as well as a potential influx of cheaper goods from China, industry groups say.

The initiative, which could cost around US$100 billion, would involve building solar farms of 1 to 1.5 hectares in villages of every subdistrict across the archipelago.

Up to 450 workers at a Hyundai Motor facility under construction in Georgia have been detained in a major raid by US authorities that has led to a pause in the project to build a car battery factory.  

Despite the post-pandemic recovery, the global petrochemical sector has failed to stabilize. Overcapacity, slowing demand growth and intensifying competition have pushed margins to their lowest levels in more than a decade. Persistent oversupply will remain the dominant challenge through the end of this decade.

China's stocks steadied on Friday after steep losses in the previous session, but remained on course for their biggest weekly falls in five months as market participants took profits following a two-month rally.

The US trade deficit expanded more than expected in July to its widest in four months, government data showed Thursday, on a surge in imports before a fresh wave of President Donald Trump's tariffs kicked in.

President Donald Trump’s administration said on Wednesday it was "very troubled" by the Norwegian sovereign wealth fund's divestment of US construction equipment group Caterpillar, and is engaging with Norway's government on the issue.

South Jakarta prosecutors detained three more executives of SOE-backed venture firms in a graft probe over Tanihub investments, spotlighting governance risks in the country's start-up sector.

At 12.46 percent of the overall cost of living, Indonesians spend significantly more on transportation than the global average, according to Transportation Ministry data.

Asian stocks moved higher in early trading on Thursday as dovish comments from Federal Reserve officials soothed investor nerves at a time of heightened concerns over global growth and a selloff in bond markets.

Days after a weekend marked by riots and the ransacking of officials’ houses, including her own, Finance Minister Sri Mulyani Indrawati has sought to reassure the public and investors about the state of the country’s economy and her own role in it.

The energy minister said private fuel retailers seeking additional import quotas should instead tap existing national reserves by striking B2B deals with state-owned Pertamina.

The central bank has announced a continuation of its burden-sharing scheme with the government and has purchased trillions of rupiah worth of government bonds this year, but an economist questions the legal basis for continuing a policy initially intended as a crisis response.

The at-risk stock is suspected to be a mix of imported rice from mid-2024 and lower-quality unhusked rice previously procured by Bulog.