The marketing and sale of iPhone 16 models was prohibited by the government in October over Apple’s failure to meet regulation requiring that 40 percent of smartphone components be made from local parts.

A former World Trade Organization boss has said the future terms of global trade, rocked by US President Donald Trump's sweeping protectionist tariffs, could be decided outside the 30-year-old international watchdog unless it reforms itself fast.

The National Food Agency (Bapanas) has defended President Prabowo Subianto’s instruction to remove import quotas, arguing the move will not hurt domestic producers.

Southeast Asian countries are looking to boost trade with their neighbors as a way to stave off the impending impacts of US tariffs following the 90-day reprieve, given that intra-ASEAN trade in 2023 totaled US$759 billion, around a third higher than the region’s total trade with the US last year.

Industry groups are pressing the government to delay increasing mining royalties this month as planned, regardless of the pause in US tariffs, underlining the persistent global uncertainty and already burdensome domestic rules for miners.

Continuing jitters about US tariffs hit Asian stocks in early trade on Friday, with Japan's Nikkei tumbling more than 5 percent and gold hitting another record high.

The government and economists agree that an increasingly protectionist US trade policy is weighing on Indonesia’s economic growth, but the full extent of the damage will depend on the final tariffs Washington imposes on goods from the archipelago and its trade partners.

The economic ministers of the ten member states explained that retaliation would not be beneficial as the US was Southeast Asia’s biggest source of foreign direct investment and second-largest trading partner in 2024. The US was also the bloc’s fifth largest trading partner in the same year.

Before a 90-day pause was announced by US President Donald Trump on the implementation of US tariffs, six of nine Southeast Asian countries targeted by the US administration were slapped with much bigger-than-expected tariffs of between 32 percent and 49 percent. 

Japanese oil and gas company Inpex has begun the front-end engineering design (FEED) process for the Abadi liquefied natural gas (LNG) project in Indonesia as the government pushes for its development.

The housing ministry has introduced a new regulation to be issued on April 21 that expands the maximum income threshold for individuals and couples eligible for the government's subsidized homeownership program, so residents in major cities also have access to affordable homes.

"There are many French companies investing in Indonesia in the energy sector, tech or transportation. There are many sectors in which France excels," he said.

In their meeting on Wednesday, just before the Trump administration reversed course on its sweeping tariff policy, the senior economic minister and the US ambassador spoke of constructive cooperation as a way forward in bilateral trade talks.

China's yuan on Thursday fell to its lowest value against the US dollar since the global financial crisis, with the central bank cutting guidance for the sixth successive trading session against a backdrop of intensifying Sino-US trade tension.

In a stunning reversal, US President Donald Trump said on Wednesday he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending US stocks rocketing higher.

Asian Agri, one of Indonesia’s largest palm oil producers, has recorded relatively positive developments at the midway point of its AsianAgri2030 sustainability commitment.

The government appears in disarray over details on planned changes.

The government is establishing three state-owned companies to oversee food, fisheries and oil palm plantations as part of a larger effort to bolster food security, but experts warn the move undermines the consolidation of state-owned enterprises (SOEs).

The finance minister, a seasoned economist, has criticized Trump's tariff policy as devoid of any basis in economic science, while highlighting the resulting turmoil in global trade as presenting a fresh opportunity for Indonesia.

The approval will come on the day that Trump's "reciprocal" tariffs on the EU and dozens of countries took effect, including massive 104 percent duties on China, extending his tariff onslaught and spurring more widespread selling across financial markets.

Rise in demand from the free meals implementation is expected to wipe out the 200,000-tonne egg surplus that Indonesia currently produces.

The government explained that “front-loading” debt issuance was a way to anticipate uncertainty brought about by global dynamics, including a highly protectionist trade policy adopted in the United States.

Following the sweeping 10 percent tariffs that took effect over the weekend, rates on imports to the United States from exporters like the European Union or Japan rose further at 12.01 a.m. Wednesday.

The government is forming a management body for carrying out seawall projects to tackle land subsidence along the northern coast of Java, Deputy Public Works Minister Diana Kusumastuti has said.

Chinese stocks found some footing on Wednesday as state pledges to support the local market and surging interest in domestic tech firms softened the blow to sentiment from the 104 percent tariffs imposed by the US on Chinese goods.

The United States said on Tuesday that 104 percent duties on imports from China will take effect shortly after midnight, even as the administration of President Donald Trump moved to quickly start talks with other trading partners targeted by sweeping tariffs.

The impact of US tariffs on countries around the world cannot be ignored in the broader context of global protectionism, and Indonesia's solution to pursue dialogue is part of a multilayered, rational strategy that considers the long term in the nation's interest.