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Indian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say.
2 months agoPresident Donald Trump said on Friday his administration will conduct a "major" tariff investigation on furniture entering the United States, a step toward imposing higher duties on a sector already seeing tariff-fueled price increases. ...
2 months agoThe Finance Ministry has pledged to continue disbursing fiscal incentives for the housing sector in 2026, allocating Rp 3.4 trillion (US$208 million) for a value-added tax (VAT) waiver on home purchases. ...
2 months agoIndonesia brought the dispute to the WTO in 2023, alleging that the EU's imposition of duties on imports of biodiesel from the Southeast Asian nation broke the body's rules.
2 months agoExperts point to waning interest from corporate sponsors, especially SOEs that have “reallocated budgets” to programs more closely tied to government priorities, as a key driver behind the wave of festival cancellations.
2 months agoBMS Foods says it has suspended all production and shipments to the United States pending investigations by Bapeten, BRIN and the Maritime Affairs and Fisheries Ministry.
2 months agoOne of the key arguments for stablecoin adoption is its potential to reduce remittance costs for Indonesian migrant workers abroad.
2 months agoStocks in Asia edged higher in a shaky start on Friday as anxious traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium.
2 months agoIn June, the Indonesian Padel Association (PBPI) reported that Indonesia now has 133 padel courts, with 40 percent located in Greater Jakarta and 30 percent in Bali.
2 months agoThe planned 2026 budget pours more funds into fuel and coal subsidies than into renewable energy development, casting doubt on the government’s commitment to the energy transition.
2 months agoThe manufacturing sector showed notable improvement as its headline PMI rose to 50.5 from 49.8 in July, moving into expansion territory for the first time in more than three years.
2 months agoBank Indonesia (BI) has flagged declining loan growth in the country’s banking industry amid stricter lending standards and weak demand, emphasizing the need to boost credit disbursement to push national economic growth.
2 months agoThe extended maintenance shutdown at Freeport's Manyar smelter in Gresik has forced the mining giant to offload 100,000 tonnes of copper concentrate to the global market, offering timely respite amid an unprecedented shortage of the raw material.
2 months agoRailway operator PT Kereta Api Indonesia (KAI) has announced plans for a new train service tailored to the needs of farmers and traders by facilitating the movement of crops and goods across regions, empowering rural communities and bridging supply chains.
2 months agoBank Indonesia (BI) has unexpectedly made a back-to-back benchmark interest rate cut in its bid to bring out the true potential of the country’s gross domestic product (GDP) growth.
2 months agoThe United States Food and Drug Administration (FDA) has advised consumers and retailers to “not eat, sell or serve” frozen shrimp imported from an Indonesian company.
2 months agoDownstream manufacturers nationwide are starting to feel the pinch a week after unscheduled maintenance triggered a sudden drop in the natural gas supply, though government data trace the decline back several weeks, with some resorting to costly fuel switching to maintain production output.
2 months agoThe seafood imported from a company in Indonesia has been marketed in 13 states by retail giant Walmart, the Food and Drug Administration (FDA) said on its website.
2 months agoUS Commerce Secretary Howard Lutnick is looking into the government taking equity stakes in Intel as well as other chip companies in exchange for grants under the CHIPS Act that was meant to spur factory-building around the country, two sources said.
2 months agoAnalysts urge the government to diversify supply sources and strengthen energy security to avoid overdependence on costly routes.
2 months agoThough not yet enacted, experts see a threatened 40-percent tariff on transshipped goods as a serious risk given Southeast Asia’s deep connection with Chinese manufacturers.
2 months agoProperty consultants have pointed to global economic uncertainty and credit hurdles as contributing factors to the sharp drop in home sales in the second quarter of 2025.
2 months agoAfter sales of electric two-wheelers plummeted in the first half of 2025, a manufacturers’ association has demanded clarity from the government on purchasing subsidies.
2 months agoThe multi-finance industry is entering a phase of more limited growth this year, with Bank Mandiri projecting receivables expansion will remain relatively flat at around Rp 500 trillion in the remaining months of the year.
2 months agoAustralia's competition authority said it had launched proceedings in the Federal Court and jointly submitted with Google Asia Pacific that it should pay the fine.
2 months agoBank Indonesia (BI) is preparing to roll out the Quick Response Indonesia Standard (QRIS) in China, following the recent launch in Japan, as it seeks to expand the national digital payment system beyond ASEAN.
2 months agoPelita Air’s entry follows the availability of additional slots at Changi after Jetstar Asia’s closure in July.
2 months agoAmid ongoing geopolitical turbulence and rising uncertainty in the global economy, the Association of Southeast Asian Nations (ASEAN) continues to demonstrate remarkable resilience and sustained growth.
2 months agoSoftBank Group is buying a US$2 billion equity stake in Intel, a move that will make it a top-10 shareholder and provide a powerful ally to the struggling US chipmaker.
2 months agoThe share of the state budget controlled by Jakarta is expected to climb from 72 percent in 2021 to 83 percent in 2026, leaving most programs to be designed and implemented by the central government.
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