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The imports, tracked by Kpler and Vortexa, came as the prospect of declining demand from India, one of the main buyers of Russian crude, has depressed prices of the western-sanctioned oil, sales of which are vital in helping fund the war in Ukraine.
1 week agoThe government has logged another annual increase in layoffs, continuing a four-year trend that points toward a growing informal sector. ...
1 week agoHigher palm oil imports by India, the world's largest buyer of vegetable oils, could help reduce inventories in top producers Indonesia and Malaysia, supporting benchmark Malaysian palm oil futures, while pressuring US soy oil futures. ...
1 week agoCoordinating Economy Minister Airlangga Hartarto says all negotiation points on a tariff deal with the United States have been agreed between the two sides, and all that is left is signing by the respective presidents, pending scheduling.
1 week agoStrong household consumption, fiscal acceleration and transmission from government capital spending to investment may be sufficient to grow economic growth faster in Q4 2025.
1 week agoThe Association of Indonesian Automotive Manufacturers (Gaikindo) recorded exports of 518,000 completely built-up (CBU) vehicles in 2025, marking an “all-time high”.
1 week agoDespite strong international commitments and ambitious national targets, Indonesia’s energy transition remains a work in progress. The challenge lies not in vision, but in translating ambition into coherent institutional leadership and equitable financing mechanisms as the country gradually shifts away from its fossil fuel–dominated energy mix.
1 week agoTrump said he was cutting levies on Indian goods to 18 percent. He had previously imposed 25 percent "reciprocal" tariffs on many products, plus an additional 25 percent for New Delhi's purchases of Moscow's oil.
1 week agoStocks rallied while precious metals and crude rebounded as some stability returned Tuesday following a rout fueled by a perfect storm that sent shivers through across Asian trading floors.
1 week agoInvestors have been avoiding Indonesia and worry Prabowo's spending and cozy governance are slowly undoing hard-won progress made since the Asian Financial Crisis, when the rupiah collapsed and Prabowo's former father-in-law, Soeharto, was forced from office.
1 week agoIndonesian shares plunged again on Monday, showing that a leadership shakeup at stock market institutions and government assurances about planned reforms have not allayed investor concerns.
1 week agoIndonesia posted a 68th consecutive monthly trade surplus in December, thanks to rising exports and despite a global shift toward economic and strategic protectionism.
1 week agoIndonesia in January reported its quickest pace of inflation in nearly three years, its statistics bureau said on Monday, as it also released surprisingly strong export and import growth in December.
1 week agoIndonesia's manufacturing sector maintained its growth trajectory at the start of the year with business conditions improving at a firmer pace on the back of stronger domestic demand, according to a monthly survey published by S&P Global.
1 week agoUnlicensed gold mining operations are fueled by a financial network of colossal scale, with suspected funds circulating within the business field estimated at Rp 992 trillion (US$59.09 billion), according to the Financial Transaction Reports and Analysis Center (PPATK).
1 week agoThe centerpiece of a free meals program covering 83 million children and expectant mothers, the plan calls for imports of a million dairy cows over five years to boost numbers from 220,000 now.
1 week agoBrightening prospects for global demand have helped factory activity expand across Asia. Taiwan's PMI rose to 51.7 in January from 50.9 in December, while that of Indonesia rose to 52.6 from 51.2.
1 week agoOil prices tanked Monday on easing US-Iran tensions while precious metals swung wildly following last week's dollar-fueled collapse sparked by Donald Trump's hawkish pick to lead the Federal Reserve.
1 week agoThe collaboration is expected to push digital innovation and ensure the safety, scalability and performance of organizations in Indonesia.
1 week agoThe Financial Services Authority (OJK) has announced replacements for four of its high-ranking officials who stepped down on Friday, while the Indonesia Stock Exchange (IDX) is also set to appoint a new interim director ahead of a meeting with global stock market index compiler Morgan Stanley Capital International (MSCI) scheduled for Monday.
1 week agoThe government has announced plans to spend Rp 13 trillion (US$773 million) on stimulus measures aimed at boosting travel and consumption during the upcoming festive period.
2 weeks agoThe US government entered what is expected to be a brief shutdown on Saturday after Congress failed to approve a deal to keep a wide swath of operations funded ahead of a midnight deadline.
2 weeks agoStarlink collects vast amounts of user data, spanning location information, credit card information, contact information and user IP addresses.
2 weeks agoIt is not immediately clear whether the resignations of five high-ranking officials at the Indonesia Stock Exchange (IDX) and the Financial Services Authority (OJK) were voluntary or forced. Senior minister Airlangga Hartarto said President Prabowo Subianto is monitoring the stock exchange following the market meltdown.
2 weeks agoTransportation and logistics are among the sectors hit hardest by severe congestion and delays that overwhelm the city every year anew.
2 weeks agoThe abrupt revocation of mining permits and the planned transfer of assets to state firms have raised concerns of "nationalization", undermining legal certainty and threatening to erode Indonesia’s appeal to foreign capital.
2 weeks agoThe Jakarta Composite Index plummeted around eight percent Wednesday and as much as 10 percent Thursday, its worst performance since 1998 during the Asian financial crisis.
2 weeks agoMore details have been announced on the plan to use the Meikarta project for the public housing program, with the government looking to build 141,000 subsidized homes on three plots of land totaling 30 hectares.
2 weeks agoThe need for sustainable infrastructure has gained increasing prominence amid Indonesia’s efforts to accelerate national development in line with the government’s Asta Cita agenda. The challenges of climate change, development disparities and growing demand for a green economy have driven the adoption of new approaches that go beyond physical outputs, ensuring that social and environmental benefits are delivered to communities.
2 weeks agoIndonesia Stock Exchange (IDX) president director Iman Rachman has announced his resignation following Morgan Stanley Capital International’s (MSCI) transparency warning that triggered a massive sell-off in Indonesian stocks and temporary trading halts earlier this week.
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