The Business Competition Supervisory Commission (KPPU) has formed a special team to investigate the surge in rice prices, including looking for evidence of potential cartel behavior among rice traders.

A recently extended value-added tax (VAT) incentive is credited with stoking demand for landed properties, according to real estate agencies.

The IDX Composite slipped 0.17 percent to 7,316.11 points on Thursday as investors awaited inflation data from Statistics Indonesia (BPS).

Building on the information uncovered during a focus group discussion on Wednesday, a special team will be deployed to investigate potential market manipulation related to the surge in rice prices, the Business Competition Supervisory Commission (KPPU) has announced.

Asian shares mostly rose on Thursday ahead of the release of crucial inflation data later in the day that will help chart the Fed's rate cut timeline.

The US dollar was firm and the yen was headed for a monthly loss in the lead up to US inflation data that could ruffle the interest rate outlook, while bitcoin surged above $60,000.

The IDX Composite rose by 0.59 percent to 7,328.63 on Wednesday, with transactions totaling Rp 10.5 trillion (US$672 million).

While recessions in some developed countries including Japan had caused a decline in Indonesia's fishery exports, the industry saw growth in exports to other markets and had an opportunity to capitalize on several potential markets, a fisheries ministry official said on Tuesday.

The government has doubled the funding for an oil palm replanting program in response to low uptake. The funds are aimed at improving farmer livelihoods.

The IDX Composite bounced back slightly, up 0.02 percent at 7,285.317 on Tuesday, with the LQ45 index increasing by 0.11 percent to 992.688.

Asian shares struggled to advance on Tuesday, with slightly warmer-than-expected Japanese inflation putting investors on guard ahead of price data due in Europe and the US this week.

The Indonesia Stock Exchange (IDX) Composite concluded Monday's trading day down 11.27 points, or 0.15 percent, closing at 7,283.83.

Bulog ensured that the government rice reserves are sufficient for Ramadan and Idul Fitri, and the government is intervening in the market to stabilize rice prices.

Asian markets were mostly lower Monday, although Tokyo's key Nikkei index hit fresh all-time highs after two of the three main US indices closed at records.

Experts have warned delays are likely given how Indonesia has structured the export policy, which requires the involvement of state-run electricity firm PLN and a local content requirement (TKDN).

The average price of premium rice at the consumer level reached Rp 18,000 (US$1.15) per kilogram on Friday, a 20 percent year-on-year (yoy) increase from the Rp 14,000 per kg recorded last year.

The IDX Composite declined 0.61 percent to 7,295.09 on Feb. 23, with seven sectoral indexes contributing to the day’s downturn, even as most regional and global markets booked gains.

The Finance Ministry says that the government had not decided whether to issue yen-denominated bonds after Japan unexpectedly fell into recession.

The IDX Composite closed down 0.13 percent at 7,339.64 on Thursday, with nine sectoral indices gaining.

A Bank Indonesia survey found that property prices increased by 1.74 percent year-on-year in the fourth quarter of 2023.

Japan's Nikkei share average climbed to the cusp of an all-time peak on Thursday after unexpectedly strong revenue forecasts from US chip designer Nvidia lifted Asian tech stocks.

The IDX Composite saw a slight dip of 0.05 percent to 7,349.02 on Wednesday, after the central bank decided to maintain its benchmark rate at 6 percent.

Last year, 17,000 electric vehicles (EVs) were sold wholesale nationwide, according to the Association of Indonesian Automotive Manufacturers (Gaikindo).

The Indonesia Stock Exchange (IDX) Composite rebounded  by 0.77 percent on Tuesday to close at 7,352.60 after facing early-week setbacks.

The National Food Agency (Bapanas) is planning to import 2 million tonnes of rice from Thailand to combat shortages and skyrocketing prices across the country, the agency’s chief secretary Sarwo Edhy said on Sunday.

IDX Composite drops by 0.53 percent to 7,296.70, as investors await Bank Indonesia's interest rate decision this week.

Mainland Chinese stocks were buoyant after Lunar New Year as figures showed holiday spending surged past pre-pandemic levels, leading gains in most other Asian markets on Monday.

Many analysts expect Indonesia's coal exports to experience a slump and miners to slash production to adjust costs amid low global prices due to market oversupply.

The IDX Composite concluded this week at 7.335,54 on Feb. 16, 2024, adding 0.44 percent, due to the market optimism after Wednesday’s election.

The National Police have been deployed to monitor rice distribution in the country.