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While the government’s call for unity resonates, experts and business leaders caution that the state-centric approach may stifle market forces unless accompanied by reforms to lower economic costs and strengthen the rule of law.
3 months agoHong Kong and Indonesia, as key players in Asia, exemplify internationalism and openness, leveraging their unique strengths—Indonesia as ASEAN's largest economy and Hong Kong as gateway to Chinese Mainland and global markets —to foster greater economic complementarity and synergy. ...
3 months agoBank Indonesia has kept its benchmark interest rate in place after decreasing it by 25 basis points (bps) in each of the past three months, but the central bank is open for further cuts to encourage lending and push economic growth to its true potential. ...
3 months agoThe price reduction will apply to economy class domestic flights for travel between Dec. 22 and Jan. 10, 2026, with the discounted tickets available for booking from Oct. 22 to Jan. 10, 2026.
3 months agoThe European Commission proposed a further softening of the EU anti-deforestation law on Tuesday, relieving the reporting burden for many smallholders and businesses in select countries but stepping back from delaying the world-first green policy by another year.
3 months agoEthanol can be produced from sugarcane, cassava or corn. Agriculture Minister Amran Sulaiman said preparing 1 million hectares of agricultural lands to cultivate the commodities was a directive from President Prabowo Subianto.
3 months agoGlobal shares slipped on Wednesday and gold pulled back sharply from a blistering rally, as stretched valuations came under scrutiny and investors booked profits.
3 months agoOil lifting has surpassed the target started in the state budget for the first time since 2008, Energy Minister Bahlil Lahadalia announced, citing rising production and new measures to legalize tens of thousands of community-run oil wells.
3 months agoThe government has set its sights on turning Bali into a global financial hub as it seeks to move forward with the family office plan thought up by the previous presidential administration, but there are doubts as to whether the resort island is cut out for such a role.
3 months agoThe President envisions all top-level government officials switching to domestically produced cars to foster national pride, support the local automotive industry and reduce dependence on imported vehicles.
3 months agoOne of Indonesia's wealthiest businesswomen, Kartini Muljadi, passed away on Monday evening.
3 months agoAmid the slowdown in financing growth this year, the multifinance industry needs to find new strategies that can adapt and innovate with current conditions to stay both competitive and relevant.
3 months agoThe White House said US investments into Australia would unlock deposits of critical minerals worth $53 billion, without offering many details.
3 months agoThe buyback, set to run from Oct. 22 to Jan. 19, 2026, comes as the company announced its third-quarter performance on Monday.
3 months agoThe Chinese government has made a statement regarding the debt of the Jakarta-Bandung high-speed rail (HSR) service Whoosh, saying its benefits go beyond key financials.
3 months agoReaffirming its support for local businesses looking to expand into the global market, Indonesia Eximbank/Indonesian Export Financing Agency (LPEI) recently organized a business forum on how to enter the BRICS market.
3 months agoThe state asset fund faces significant financial risks and must exercise caution as it considers carbon capture and storage (CCS) projects, as the current carbon price offers a negligible incentive against costs that can be 50 times higher, a leading energy analyst warned.
3 months agoDanantara CEO Rosan Roeslani’s consolidation drive to reduce the number of SOEs from more than 1,000 to just over 200 will only succeed if accompanied by transparent governance, political will and an overdue reset in the business culture at state firms, economists say.
3 months agoClimate shocks drove the cost of arabica soaring, with the beans hitting an all-time high in February 2025. That has been compounded by elevated transport costs and the 50 percent tariffs imposed by President Donald Trump since August 6 on many products from Brazil.
3 months agoThe Finance Ministry is investigating the accumulating savings of regional administrations that it sees as contradicting regional leaders’ recent complaints about reduced central government transfers.
3 months agoLi, during a visit to Washington in August, had allegedly threatened that "China would unleash chaos on the global system if the US went ahead with our docking fees for Chinese ships", Bessent said in an interview with media outlet CNBC on Wednesday.
3 months agoThe upgraded facility will boost Balikpapan’s processing capacity to around 360,000 barrels per day (bpd), overtaking the Cilacap refinery as the country’s largest.
3 months agoThe President ordered authorities to step up enforcement earlier this month in islands rich in the metal used in everything from electronics to making glass.
3 months agoChina's economic growth slowed to the weakest pace in a year in the third quarter, as a property crisis and trade tensions hurt demand, leaving policymakers with the daunting challenge of rebalancing GDP drivers towards greater consumption over time.
3 months agoThe government must zero in on strengthening manufacturing, cutting logistics costs, ensuring legal certainty and preserving fiscal credibility if it wants to turn the President's 8 percent growth dream into reality, experts say, and perhaps kill the free meals program..
3 months agoThrough policy decrees and institutional restructuring, Prabowo has tightened the state’s authority over fiscal resources and assets, as evident in his push for a more active role for state-owned enterprises (SOEs) in key industries and top-down approach to welfare.
3 months agoThe move comes after the 2023 release of The Super Mario Bros. Movie, co-produced with major United States animation studio Illumination, boosted sales of games in the franchise after becoming a record-breaking global hit.
3 months agoThe government is rolling out another stimulus package worth Rp 30 trillion for the fourth quarter, primarily focusing on cash transfers and graduate internships.
3 months agoStar Wars: Starfighter is filming in Britain, soundstages in Hungary are packed and post-production houses in Australia are humming, as the global film industry keeps rolling despite US President Donald Trump’s renewed threats to impose tariffs on movies made outside of the United States.
3 months agoIncreasing deliveries of the popular single-aisle airplane is critical to restoring Boeing's financial stability, following years of production disruptions and crises that have left it deep in debt and losing money as planemakers receive the bulk of a customer's payment when they hand over an airplane.
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