In another policy flip-flop that led to long lines of people waiting to buy subsidized LPG at retailers and distributors, the energy ministry is now forming a new agency to oversee distribution of the subsidized cooking gas to authorized sellers.

Asia shares rose on Thursday, tracking gains on Wall Street following a see-saw session, while US Treasury yields came under pressure after mixed economic data.

Despite weakness in exports, Indonesia’s gross domestic product (GDP) growth last year exceeded expectations on the back of stronger household spending and investment.

The government's move to temporarily halt both the rice aid and SPHP programs is part of a strategy to boost farm gate prices, while the President has vowed that the state would close down and take over the operations of noncompliant mills.

Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its annual net profit forecast to almost US$30 billion.

Qatar plans to help finance the government’s national housing program with an expected investment of US$20 billion.

Indonesia's economy grew more than expected last year, the government said Wednesday, as a pick-up in trade, mining and agriculture helped offset ongoing global headwinds.  

Upon taking office, US President Donald Trump quickly rescinded an executive order by his predecessor, former president Joe Biden, mandating safety practices for AI.

If Trump continues to influence markets with his unpredictable policies, the risk of capital outflows from emerging economies could worsen, ultimately slowing investment inflows for a prolonged period.

Honda shares surged on Wednesday as Japanese media said the automaker had proposed making its struggling rival Nissan a subsidiary -- with some reports saying the move could spell the end of their merger talks.

Customers have flooded social media to express frustration over fuel shortages at Shell filling stations, sharing photos and videos of empty pumps and “closed” signs.

While tech execs and researchers acknowledge that China's DeepSeek has gone a long way to leveling the AI playing field, especially for emerging economies, they suggest Indonesia still needs substantial investment in supporting infrastructure and local talent to narrow the gap in AI research and development.

The new SOEs Law positions Danantara as the primary "executing agency" for SOE management, while the SOEs minister’s role is limited to oversight through the supervisory board.

The IDX Composite rose by 0.62 percent on Tuesday after reports of the US postponing import tariffs for Canada and Mexico for one month. 

Indonesia will not be able to shut down all coal and other fossil-fuel power stations within 15 years, says special presidential envoy Hashim Djojohadikusumo, walking back a statement made by President Prabowo Subianto at last year’s G20 summit.

The Public Works Ministry is set to face a budget cut of over 70 percent by the Finance Ministry, following President Prabowo Subianto’s instruction to save funds for other priority programs.

The government previously increased the government purchase price to Rp 6,500 (40 US cents) per kilogram, which was deemed a reasonable figure to ensure welfare for smallholders.

US President Donald Trump delayed the start of tariffs on neighbors Mexico and Canada for a month Monday -- but China remained in the firing line for levies that are putting the global economy on edge.

The government is considering a policy that would require thermal coal exporters to sell the commodity using Indonesia’s coal reference price (HBA) to prevent Indonesian coal from being sold abroad at prices below the local benchmark.

US President Donald Trump paused tariffs on Mexico for one month after last-minute talks Monday -- but there was no breakthrough yet in negotiations with Canada on an issue that has sparked fears of a global trade war.

Annual inflation in January 2025 is the lowest since January 2000, BPS says.

Though costs remain a concern, Indonesian manufacturers have increased buying activity and bolstered stockpiles of input and output inventories in anticipation of demand growth this year.

The IDX Composite closed lower on Monday, falling by 1.11 percent after United States President Donald Trump announced an increase in import tariffs on Canada, Mexico and China.

Industry association ASI has called for stricter enforcement of the moratorium on new factories as well as more targeted application of the policy to protect cement producers.

Maximum and minimum temperatures in most parts of the country will be above-average in the month, Mrutyunjay Mohapatra, director-general of the India Meteorological Department, told a virtual news conference.

The Kadin advisory board chair has proposed the new bond scheme as an alternative to a tax holiday for repatriating overseas funds to fund the "3 million homes" program of President Prabowo, his brother.

Asian stock markets slumped on Monday and European and US equity futures pointed sharply lower after President Donald Trump's tariffs on Canada, Mexico and China triggered fears of a broad trade war and a hit to global growth.