The senior food minister says a nearly 22 percent jump in the government’s food security budget has been earmarked for next year in a bid to fulfill the President's promise to achieve food self-sufficiency during his five-year term.

Prabowo has set a two-week deadline to finalize the new scheme and has tasked Statistics Indonesia (BPS) with leading the data preparation, with additional support from other ministries.

Indosat Ooredoo Hutchinson has secured excellent financial performance, with double-digit growth in the first nine months of 2024, driven by the company’s focus on operational excellence. Indosat reported double-digit growth, exceeding the industry’s benchmark with a substantial increase in various key financial indicators. This achievement is expected to help Indonesia's telecommunications industry grow, reversing the declining trend seen throughout the year. 

The Bank of Japan maintained ultra-low interest rates on Thursday and signaled the need to scrutinize global economic developments, highlighting its focus on risks to a fragile domestic recovery in deciding when to next tighten policy.

President Prabowo Subianto wants to build 1 million apartments per year to address the country’s urban housing backlog, but experts warn the plan may come up short if those properties are out of reach for the middle class.

Thai authorities announced on Oct. 24 that laboratory tests had found high levels of pesticide residue in 23 of 24 samples of the grapes collected in Bangkok and its surroundings.  

Chinese battery material maker CNGR Advanced Material Co is planning to build an integrated production facility worth US$10 billion in nickel-rich Indonesia, a local official for the company said on Wednesday.

To achieve 8 percent economic growth without falling into the same trouble as in the past, the new administration needs to improve its quality of institutions to achieve more and better investments into the country, while strengthening the country’s capacity to withstand an adverse shock.

Malaysia said in July it will require social media platforms and messaging services with more than eight million users to obtain a license, as part of efforts to curb financial scams, cyberbullying and sexual crimes online.

SKK Migas head Dwi Soetjipto said the domestic LPG industry has remained underdeveloped for years, unable to attract investors as they can only sell their output to Pertamina at a low price.

The government plans to import 1 million tonnes of rice in early 2025 to meet demand amid a projected decline in domestic production this year.

Investors are selling yen and taking shelter in cash, India, pockets of China's markets and Singapore dollars ahead of a US election that could shake out global money and trade flows.

Investment Authority of Indonesia (IAI) Danantara head Muliaman Darmansyah Hadad said the newly established sovereign wealth fund would act as a manager of government assets “separated” from the state budget.

The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3 percent at the end of its highest profile trade investigation that has divided Europe and prompted retaliation from Beijing.

For now, many believe that Indonesia can only grow at around 5 percent annually, a figure that better reflects its current short-term domestic capacity.

President Prabowo Subianto has announced his desire for all top-level government officials to switch to a domestically made military vehicle for official purposes.  

The housing minister has revealed that the 2025 budget allocation for building 3 million new homes is a little less than one-third of last year's, compared to his estimated fund of Rp 23.32 trillion required to meet the target.

The administration of President Joe Biden has finalized curbs on US investments in sensitive technologies like semiconductors in China that pose a threat to national security, the Treasury Department said Monday. 

A rescue plan is in the works to save major Indonesian textile company PT Sri Rejeki Isman (Sritex), according to the company’s management, the government and labor unions.

The IDX Composite index dropped 0.78 percent to 7,634.63 on Monday, as global tensions and sectoral declines weighed on the market.  

PT Bumi Suksesindo (BSI), a gold-mining arm of PT Merdeka Copper Gold, is riding the wave of record-high global prices for the precious metal.

President Prabowo Subianto is set to name the current interim Nusantara Capital City (IKN) Authority head, Basuki Hadimuljono, as the body’s definitive head as he looks to conclude the project in four years.

The diversified food and beverage conglomerate is targeting annual milk production of 1.8 million tonnes within five years at most, according to the Agriculture Ministry.

Oil prices tumbled Monday with markets relieved that Israel's strikes on Iran had avoided the country's energy infrastructure while the yen fell to a three-month low after Japan's ruling party suffered an election drubbing.

Boeing is set to launch as early as Monday its plan to raise more than $15 billion in capital, a source briefed on the matter told Reuters.

The ministry is no longer in charge of tourism and now has a deputy head with a gaming investment background, which has developers hoping for more government attention to address longstanding issues of their industry.

After being chosen by a joint venture of South Korea's Hyundai and LG for the $1.1 billion factory, Indonesia is now looking to boost investment to give it an edge in the race to become a regional EV hub.