President Donald Trump on Saturday targeted Mexico and the European Union with steep 30 percent tariffs, dramatically raising the stakes in already tense negotiations with two of the largest US trading partners.

US customs duty collections surged again in June as President Donald Trump's tariffs gained steam, topping $100 billion for the first time during a fiscal year and helping to produce a surprise $27 billion budget surplus for the month, the Treasury Department reported on Friday.

Indonesia is among the top countries globally in the number of artificial intelligence (AI) users but lags far behind in AI development, revealing a yawning digital talent gap.  

The government says it remains in negotiations to secure a trade deal with Washington before the Aug. 1 deadline.

The National Nutrition Agency (BGN) has requested an additional Rp 118 trillion (US$7.27 billion) to finance the free nutritious meals (MBG) program through the end of 2026, citing a projected shortfall in the initial budget allocation.

In 2023, Indonesia exported US$1.5 billion worth of goods to Mercosur countries, ranging from coconut and crude palm oil to vehicle parts, while imports from the bloc reached $6.2 billion, dominated by oil cake, sugarcane and wheat.

China's economy is expected to have expanded more than five percent in the second quarter thanks to strong exports, analysts say, but they warned Donald Trump's trade war could cause a sharp slowdown in the final six months.

Trump this week began issuing letters to many US trading partners as he ramps up pressure for more favorable trade deals.

US and European stock futures dipped in Asia on Friday after President Donald Trump stepped up tariff threats against Europe and Canada, restraining an early rally in regional share markets.

As part of its commitment to promote smart living through better financial decisions, PT LG Electronics Indonesia (LG) recently held an event focused on parenting and financial planning for the modern household.

Experts slammed the lack of infrastructure in Kertajati Airport in West Java, calling it “a symbol of megaproject failure.”  

The Centre for Strategic and International Studies (CSIS) Indonesia believes United States President Donald Trump is likely to ultimately impose a uniform tariff rate on Indonesia and other countries in the region.

Though a preliminary study is underway on Whoosh's Surabaya extension as a necessary development, the question of who will foot the bill looms large, with the government insistent on not dipping into the state coffers and operator KCIC insisting it can't go it alone.

The sovereign wealth fund deployed US$277 million in capital between January and May this year, bringing the fund's overall disbursement over the past five years since its inception to $4 billion.

Recovery continued to elude the four-wheel vehicle market in the January-June period amid ongoing weak consumer demand, with local multi-finance companies, which typically rely on car loans, posted modest year-on-year growth of 2.8 percent in May.

Apart from tariffs targeting goods from different countries, Trump has rolled out sector-specific duties on steel, aluminum and autos since returning to the White House in January.

Lula made the remarks during talks with President Prabowo Subianto.

Asian markets mostly rose Thursday on optimism that governments will hammer out deals to avoid the worst of US President Donald Trump's tariffs even after he broadened his range of measures.

Trump said he would “consider an adjustment” if Indonesia eliminates its tariff and nontariff barriers.

The government on Wednesday handed over nearly 400,000 hectares of seized palm oil plantations to Agrinas Palma Nusantara, giving the new state company a sizeable land bank that could make it one of the world's biggest oil palm growers.

Malaysia has reported a string of soft economic data in recent months with growth slowing to 4.4% in the first quarter, while exports unexpectedly fell in May.

Retail sales and consumer confidence saw slight improvements in June according to preliminary RSI data, which attributed the uptick to "seasonal factors” including Idul Adha and the school holiday.

State-Owned Enterprises (SOEs) Minister Erick Thohir has announced that national flag carrier PT Garuda Indonesia will increase its planned order of Boeing aircraft to 79 planes as part of ongoing import tariff negotiations with the US.

Layoffs have continued to rise across the country, especially in labor-intensive sectors such as textiles and footwear.  

The PNBP of the mining sector depends on three key factors, which are global coal prices, production volumes and government-set royalty rates.

In May, BI revised down its projection for loan growth this year, from 11–13 percent to 8–11 percent.

China is accelerating its record-breaking renewable energy drive, installing 1.5 times more wind and solar this year than last -- three-quarters of global capacity under construction, a report said Wednesday.