While Lisbon acknowledged that the hotel industry has seen declining activities due to the government budget efficiency measures, he said that the industry was expected to recover with the government’s economic incentives that would soon be implemented.  

In last-minute changes to a planned consumer stimulus package for June and July, the government has canceled an electricity discount but doubled wage subsidies.

Asian stocks rallied Tuesday as investors kept tabs on developments in the China-US trade war amid speculation the countries' leaders will hold talks soon.

People and institutions responsible for implementing the stimulus measures were left without knowledge of the plan. Such a lack of coordination could dampen the effectiveness of the policy, which is intended to boost the economy.

Indonesia has recorded its lowest trade surplus since it began a rally five years ago as industries restock goods in anticipation of rising risks from United States import duties.

With inflation sits well within the central bank target, it could open room for further monetary easing to support economy recovery, though it will likely remain cautious amid risks from global uncertainties.

State-owned electricity company PLN has stated it might opt to delay the implementation of some projects stipulated in its new long-term electricity business plan (RUPTL) in the case of an electricity oversupply.

Fahri pointed to several hurdles, including land issues and lack of demand, hampering rollout of the funding commitments made by foreign entities that the government had secured over the past months, as quoted from Bisnis.com.

According to the latest S&P Global report, Indonesia’s manufacturing purchasing managers’ index (PMI) remained in contraction territory at 47.4 in May, albeit slightly improved from 46.7 in the previous month.

"It's a big deal. It is a real problem," Dimon told Maria Bartiromo on FOX Business Network's "Mornings with Maria" show, according to an excerpt of the interview that will air in full Monday.

Workers' rights around the world are "in free fall", with widespread attempts to hamstring collective bargaining and attacks on trade union representatives, the world's largest trade union organization said Monday.

Beijing and Washington last month agreed to slash staggeringly high tariffs on each other for 90 days after talks between top officials in Geneva.

Experts suggest the new power procurement plan leans toward repeating past mistakes and undermining energy transition commitments.

The European Commission said on Saturday that Europe was prepared to retaliate against President Donald Trump’s plan to double tariffs on imported steel and aluminum, raising the prospect of an escalating trade fight between two of the world's largest economic powers.

Indonesian coal exports dropped 6.43 percent to 160 million tonnes in the January-April period of 2025, driven by weaker demand from China and India.

China's manufacturing activity shrank in May for the second month running, official data showed Saturday, despite Beijing reaching a temporary ceasefire in a blistering trade war with the United States.

US President Donald Trump said Friday that he would double steel and aluminum import tariffs to 50 percent from next week, the latest salvo in his trade wars aimed at protecting domestic industries.

Turning to cheaper products is one way for shoppers to deal with reduced spending power, but economists warn that a downtrading trend could further undermine economic growth.

The US Federal Reserve's preferred inflation measure cooled more than expected last month, according to government data published Friday, as President Donald Trump's "liberation day" tariffs on most countries came into effect.

World stocks were heading for their best month since late 2023 on Friday and the dollar was flirting with its first monthly rise of the year, while traders waited for key inflation data and assessed the latest in Washington's to and fro on tariffs.

Manpower Minister Yassierli has issued a circular preventing employers from setting age limits on vacancies to provide equal opportunities for all jobseekers in the country.

The safety of Germany's gold reserves held overseas and in New York in particular, until recently mainly a talking point for the country's far-right party and gold bugs, is becoming a matter of public debate with Donald Trump back in the White House.

"I would say that they are a bit stalled," Bessent told broadcaster Fox News when asked about trade talks with Beijing.

A federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a US trade court ruled that Trump had exceeded his authority in imposing the duties and ordered an immediate block on them.

The government has pushed back against reports that Bridgewater Associates founder Ray Dalio has backed out of an advisory role at Indonesia’s state asset fund Danantara and said it remained in contact with the United States hedge fund titan’s team.

The deal is part of Macron’s broader push to strengthen economic ties with Indonesia and was marked by the signing of 26 bilateral agreements across energy, investment and food security, with total commitments valued at US$11 billion.

A US federal court on Wednesday blocked most of Donald Trump's sweeping import tariffs from going into effect, ruling that the president had overstepped his authority with the across-the-board global levies.