Asian stocks tracked Wall Street higher on Wednesday and bonds fell as traders firmed up bets that US labor market softness would spur the Federal Reserve to cut rates by at least a quarter point next week.

Finance Minister Sri Mulyani Indrawati was chairing a meeting with top ministry officials when she received a call from President Prabowo Subianto's office informing her she would be replaced within an hour, two sources said, underscoring the abruptness of the longtime finance czar's sacking.

Indonesia’s coconut exports are surging, raising concerns among industry groups that domestic processing businesses are being squeezed by limited raw material supply.

Entering office just weeks before the 2026 state budget is to be passed into law, newly appointed Finance Minister Purbaya Yudhi Sadewa vows to make no major changes to the draft and to maintain fiscal discipline. He also said he would learn the ins and outs of his new post from his well-regarded predecessor, Sri Mulyani Indrawati.

Despite the government’s push to source more supply from state-owned Pertamina as a short-term solution, industry players remain reluctant to comply.

PT Freeport Indonesia (PTFI) is striving to evacuate seven workers trapped underground after a landslide struck the Grasberg Block Cave mine in Mimika, Central Papua, late on Monday.

Last year, only seven of the 22 SEZs exceeded their investment targets, including Nongsa in Batam, Kura Kura in Bali and Kendal in Central Java.

Purbaya joined the government under various roles since 2010 and has been the head of the Indonesia Deposit Insurance Corporation since 2020.

PT Gag Nikel, a subsidiary of state-owned mining firm PT Aneka Tambang (Antam), has resumed operations in the Raja Ampat archipelago, Southwest Papua, after a temporary halt due to concerns over environmental damage.  

The incident occurred late on Monday at one of five production blocks in the Grasberg Block Cave underground mine in Central Papua.

Sri Mulyani’s farewell as finance minister comes at a turbulent time as widespread protests and riots over lawmakers’ allowances, injustice and police brutality shook the country in late August.

The centerpiece of a program to provide free meals to 83 million children and expectant mothers, the plan calls for importing a million dairy cows over five years, at a cost of nearly $3 billion, to lift the size of the country's dairy herd more than four-fold from 220,000 now.

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.