To get there, bolder reforms are needed, said Prime Minister Lawrence Wong in a video message posted on YouTube on July 5, adding that the association’s 10 nations may be limited in scale individually but together have considerable weight.

The rates will "boomerang back" to the sometimes very high levels that President Donald Trump had announced on April 2 -- before he suspended the levies to allow for trade talks and set a July 9 deadline for agreements, Bessent told CNN.

With very few actual trade deals done, analysts had suspected Donald Trump's tariff deadline would be pushed out, though it was still not clear if the new date applied to all trading partners or just some.

The House Budget Commit has green-lit the Finance Ministry's recommended SAL drawdown to shore up shortfalls as a result of earlier-than-expected fiscal pressures due to stuttering disbursement for the government's big-ticket flagship programs.

The Digital x Real Sector Launchpad has been implemented at dairy cow cooperative in Malang, East Java, providing various services to support digital transformation.

Telkom's new CEO is starting her tenure with a bang, kicking off an initiative to strengthen the state-owned telco's bottom line by streamlining underperforming subsidiaries through internal consolidation and possibly external mergers.

The meeting comes after a 12-day conflict between Iran and Israel, which briefly sent prices above US$80 a barrel.

The joint statement by the group's finance ministers marks the first time the BRICS countries haveagreed on a unified position on the proposed reforms. They agreed to back the shared proposal at an IMF review meeting coming up in December, which will discuss changes to a quota system that defines contributions and voting rights.

The draft summit declaration does not mention the United States or its president by name. But it is a clear political shot directed at Washington from 11 emerging nations, including Brazil, Russia, India, China and South Africa. 

The strong growth figure comes just days after Vietnam averted the most punishing of United States President Donald Trump's threatened "reciprocal" tariffs on its exports.

The island province, long known for its sandy beaches, terraced rice farms and unique temple culture, is still struggling to find a way to ramp up its agriculture industry and move away from its reliance on tourism as the key economic contributor.

The proposal follows a major driver protest in May, during which drivers demanded higher fares and lower commission rates from the apps.

"My inclination is to send a letter out and say what tariff they're going to be paying," he told reporters on Thursday. "It's just much easier."

The government has allocated Rp 13 trillion (US$803.11 million) for renovation loans and Rp 117 trillion for housing development under the scheme.

According to KAI’s financial report, the Indonesian SOE consortium in Whoosh operation recorded Rp 4.19 trillion (US$258.97 million) in losses last year.  

"Currently, both teams are working quickly to implement the results outlined in the London framework", China's commerce ministry said in a statement, referring to the June meetings.

The dollar retraced some of Thursday's gains with US markets already shut for the week, as traders considered the impact of the sweeping spending bill Trump is about to sign into law.

The bill is expected to pile an extra $3.4 trillion over a decade onto US' fast-growing deficits.

Danantara has signed additional deals with private companies in Saudi Arabia, which has emerged as Indonesia's top Middle Eastern trading partner over the past five years with an estimated $31.5 billion.

The energy minister has announced the move to undo last year’s implementation of the three-year approval process via the e-RKAB platform, which had led to overproduction and weaker oversight as well as reduced tax collection.

The Southeast Asian nation has the third-biggest trade surplus with the United States of any country after China and Mexico, and was targeted with one of the highest rates in the US president's "Liberation Day" tariff blitz on April 2.

Jakarta is facing a 32 percent tariff in US markets and has previously offered to increase US imports to facilitate trade talks between the two sides.

EV bikes sales in the first half of 2025 have plummeted, falling by 30 to 40 percent compared with the same period last year.

Large-scale aid programs in Indonesia have a history of allegations of graft at both the regional and national levels.

The figure is lower than the April announcement that US importers of Vietnamese goods would have had to pay a 46 percent tariff.

The state-owned enterprises (SOEs) consortium involved in the operation of the Whoosh, PT Pilar Sinergi BUMN Indonesia (PSBI), recorded Rp 4.19 trillion in losses last year.

The energy ministry has identified around 7,000 potentially productive community wells in Aceh, Jambi, South Sumatra, Central Java and East Java.