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.

US Comex copper futures jumped more than 12 percent to a record high after President Donald Trump announced the planned tariffs.

Indonesia has yet to secure lower tariffs from the United States despite a range of concessions it put on the table. Experts caution that striking a trade deal may be “too complex” a task.

PT HM Sampoerna Tbk (Sampoerna) has made significant progress in advancing smoke-free products in Indonesia, as science- and technology-driven alternatives continue to gain public trust. These innovations are delivering positive impacts for adult consumers, business partners, and public health.

As smoke-free alternatives developed by PT HM Sampoerna Tbk. (Sampoerna) and its parent company, Philip Morris International (PMI), continue to gain popularity, a key question arises: How do Sampoerna and PMI meet both domestic and export demand while maintaining high-quality standards?

The government and House of Representatives  Commission XI, which oversees financial affairs, approved the basic macroeconomic assumptions for the 2026 state budget.

In a letter dated Monday and posted on Donald Trump’s Truth Social account, the United States president said the measure was needed to correct “very persistent” trade imbalances that he blamed on Indonesian tariff and nontariff trade barriers.

The 14 countries sent letters so far, which included smaller US exporters like Serbia, Thailand and Tunisia, hinted at opportunities for additional negotiations while at the same time warning that any reprisal steps would be met with a like-for-like response.

A government plan to revert from a triennial to an annual basis for mining work plan approvals (RKAB) has drawn mixed reactions from industry players, with some warning of increased uncertainty and red tape but others seeing a chance to boost flexibility and revenue.

The Malaysia-based airline plans to expand its network with routes connecting Indonesia with Northern Asia, Australia and the Middle East.

Tensions between Beijing and Brussels have been rising, with the European Union imposing tariffs on China-built electric vehicles and Beijing slapping duties on imported brandy from the bloc.

The divestment comes as KFC Indonesia faces headwinds from slowing consumer demand amid boycott movements linked to the Middle East crisis.

Jakarta has also pledged to step up its energy and merchandise imports to close the trade gap.