A union representing striking machinists at Boeing said Saturday that members will vote Wednesday on a new contract deal that includes a 35 percent pay hike over four years that could end a more than month-old strike.

The United States on Friday reported a budget deficit of $1.8 trillion for the past year, widening from 2023's level on greater spending, including for interest on the public debt.

While conceding that visitor numbers had not returned to pre-pandemic levels, the tourism ministry highlighted that it had surpassed this year's minimum target with 11.43 million arrivals until Oct. 1 and expressed optimism of reaching the maximum target of 14.3 million visitors by the year-end.

A global social media trend encouraging people to rethink consumer culture and embrace a minimalist lifestyle is taking hold in Indonesia.  

In his speech delivering the 2025 state budget (APBN) bill and its financial note at the House of Representatives plenary meeting, President Joko “Jokowi” Widodo said the 2025 state budget must further strengthen Indonesia's leap forward in order to escape the middle income trap, by utilizing the demographic bonus, continuing economic transformation, increasing investment attractiveness and creating more jobs.

The IDX Composite gained 25.02 points, or 0.32 percent, on Friday, marking its sixth consecutive day of growth. Most sectors strengthened, particularly property and consumer goods, driven by external sentiment.

The Indonesian steel industry has blamed a sharp rise in imports from China for plummeting sales at some domestic producers.

As the Indonesian bourse looks at a lowly figure of 34 IPOs over th first nine months of the year, it expressed hope that more SOEs might go public in 2025, pointing to Inalum and PTPN III as potential listings.

The state budget (APBN) cycle, a complex and comprehensive process from planning to accountability, plays an important role in outlining the government’s achievements and financial performance for the year.

The COVID-19 pandemic impacted all aspects of life globally in 2020, including the economic sector.

Energy and Mineral Resources Minister Bahlil Lahadalia completed his doctoral program in only one year and eight months, causing an uproar among University of Indonesia alumni.  

State-owned Indonesia Battery Corporation (IBC) has announced a joint venture with a subsidiary of China’s Contemporary Amperex Technology Co. Ltd. (CATL) to invest US$1.2 billion in a battery factory.

Europe's agriculture commissioner, who is currently on a state visit to Indonesia, suggests that smallholders must organize to increase productivity, add value and cut out the scourge of middlemen by taking a more prominent position in the agricultural supply chain.

China's economy grew slightly quicker than expected in the third quarter, but a prolonged property downturn and weak consumption remain a drag on activity, maintaining pressure on policymakers as they consider more stimulus steps to revitalize growth.

GoTo, Indonesia’s leading digital ecosystem, recently hosted its 2024 GoTo Engineering Bootcamp, equipping 43 newly graduated tech engineers with essential industry skills.

Indonesia is one step closer to its goal of becoming an electric vehicle manufacturing hub after inaugurating its first lithium iron phosphate (LFP) factory earlier this month, but analysts say the country’s heavy reliance on Chinese investment in the industry could complicate efforts to sell the cathode material in Western markets.

The IDX Composite surged by 1.13 percent to close at 7,735 on Thursday, with speculation over Sri Mulyani’s cabinet role boosting market confidence.

The company declined to disclose the target size for the listing but revealed that its current valuation was around US$300 million, a significant increase from the $150,000 the founders initially invested a decade ago.

RoboTechX Lab founder Judhi Prasetyo says that research and development is where Indonesia's once-thriving tech industry is falling flat, warning that not doing so risks the country losing its competitive edge and failing its up-and-coming talent.

The United States and some European countries have blocked exports of high-tech chip technology to China over fears of military use.

Bappenas has drawn up two possible scenarios for the country to achieve incoming president Prabowo's plan to reach GDP growth of 8 percent, an entire percentage point higher than Jokowi's unattained target of 7 percent.

Indonesia, Malaysia, the Philippines, Singapore and Thailand signed a memorandum of understanding on Wednesday, aiming to launch the plan by the end of the year, their civil aviation authorities said in a joint statement.

China said Thursday it would boost the credit available to the ailing property market by the end of the year and help renovate a million homes as unveiled its latest measures to shore up the struggling sector.

More than four years after the coronavirus pandemic wreaked havoc on international travel, Indonesia’s crucial tourist industry has yet to recover.

Sovereign sukuk (SBSN) has played an important role over the past decade of economic and infrastructure development in Indonesia. Also known as Islamic bonds, the sharia-based financing instrument is one effective solution that supports national development while fulfilling the principles of Islamic finance.

Bank Indonesia will keep eye on the Federal Funds Rate (FFR), US Treasury yields and the state of the ongoing Middle East conflict, among other indicators.

More than half of the world's electricity will be generated by low-emission sources before 2030 but the deployment of clean energy is "far from uniform" across the globe, the International Energy Agency said Wednesday.