When asked about the details of the development of a fossil fuel-powered plant under the plan, the energy ministry's electricity director general, Jisman Hutajulu, said, “We will probably share the details next week”.

President Prabowo Subianto praised several major joint projects between Indonesia and China while urging Chinese companies to deepen their involvement in Indonesia’s economy, creating jobs and transferring technology.

Shell is selling its gas station business and related supply and distribution operations, but not its lubricant business, to an Indonesian-Philippine joint venture, with the transfer process to be completed by the end of next year.

"The fragmentation of industrial and supply chains has deepened, and trade barriers have increased, which has had a great impact on the economic development of all countries," state news agency Xinhua reported on Sunday, citing Li. 

Domestic economic pressures, driven by inflation and the rising cost of living, continue to weigh heavily on household sentiment. This has led to a shift in spending patterns, and understanding these changes is essential for businesses seeking sustainable growth.

US President Donald Trump said on Sunday his tariff policy was aimed at promoting the domestic manufacturing of tanks and technology products, not sneakers and T-shirts.

Increased regional investment by global energy giants, including oil majors such as Shell, Chevron and TotalEnergies, appear to be signaling corresponding renewed interest in Indonesia's oil and gas assets amid its push for energy self-sufficiency and deregulation.

German Finance Minister Lars Klingbeil on Sunday urged "serious negotiations" with the United States after President Donald Trump threatened to bring in 50-percent tariffs on imports from the European Union.

Social media platform X was hit by a two-hour outage Saturday, prompting owner Elon Musk to say he needs to spend more time focusing on his companies.

Garuda Indonesia said flying an aircraft from Jakarta to Bali previously cost Rp 194 million (US$11,876) per flight in 2019, but has risen by 38 percent to Rp 269 million per flight

The government plans to announce economic stimulus measures on June 5 to revive activity and boost consumer purchasing power, hoping to push economic growth to around 5 percent this quarter, the Office of the Coordinating Economic Minister said on Saturday.

Boeing agreed to pay an additional $444.5 million into a crash victims’ fund that would be divided evenly per crash victim on top of an additional $243.6 million fine.

The new "planned partnership" between America's US Steel and Japan's Nippon Steel would create at least 70,000 jobs and add $14 billion to the US economy, according to US President Trump.

Major cinema chains tend to prioritize well-performing titles, often at the expense of smaller, independent productions that struggle to attract viewers.

The appointment occurred as the government saw state revenue collection decline by 12 percent year-on-year (yoy) to Rp 810.5 trillion (US$49.62 billion) in first four months of this year from Rp 924.92 trillion in same period last year.

The euro fell on Friday, reversing earlier gains after US President Donald Trump said he would recommend hitting the European Union with 50 percent tariffs from June 1, reigniting investor fears over the impact of duties on the world economy and trade.

Danantara CEO Rosan Roeslani floated the idea of the government pursuing majority stakes in the projects, either through Danantara itself or through state-owned enterprises (SOEs) now under the fund’s control.

The Law Ministry’s intellectual property director general Razilu said on Thursday that the road map would soon become binding across ministries and agencies after being drafted internally.

Asian shares made some tentative gains on Friday as beaten-down Treasuries found buyers after US President Donald Trump's tax bill narrowly passed the lower house, although debt worries still lingered.

Kilang Pertamina Internasional (KPI), the refinery and petrochemical arm of state-owned oil and gas company Pertamina, has denied reports that Russian oil products are being transshipped at Indonesia’s Karimun terminal in the Riau Islands.

Hashim Djojohadikusumo, a top adviser to and brother of President Prabowo Subianto, said the government is seeking ways other than increasing tax rates to shore up tax revenue.

The South Korean company previously signed a memorandum of understanding for a project in the planned new capital city of Nusantara and secured a contract for piping at the BP-operated Tangguh LNG facility in West Papua.

Alongside the launch of QRIS in Japan on Independence Day, the central bank plans to start testing the digital payment system for future implementation in China.

The updated stipulations, which will include changes in indirect taxes and domestic market obligation (DMO) fuel pricing, are expected to be released “soon”.

Japanese car brands contributed to almost 90 percent of wholesale in Indonesia throughout 2024 and a large part of those sales are fueled with gasoline, which can be mixed with bioethanol.

Bank Indonesia has cut its benchmark interest rate by 25 basis points (bps) in an effort to boost economic growth while inflation is under control.

Twelve US states will ask a federal court on Wednesday to halt President Donald Trump's "Liberation Day" tariffs, arguing that he overstepped his authority by declaring a national emergency to impose across-the-board taxes on imports from nations that sell more to the US than they buy.