World stocks are on track for their worst week since mid-December, slumping more than 2 percent.

In a reversal from a plan announced in December, the senior food minister has said the government will continue to import sugar as it looks to boosting domestic production, though the planned import ban would be imposed on rice, corn and salt.

Two state-owned enterprises (SOEs) will be its first and major players, namely state-owned pawnbroker PT Pegadaian, a subsidiary of state-owned lender Bank Rakyat Indonesia (BRI), and Bank Syariah Indonesia (BSI), the country’s largest sharia bank.

President Prabowo Subianto inaugurated Indonesia’s first-ever bullion bank in a ceremony on Wednesday at The Gade Tower in Central Jakarta.

President Donald Trump opened yet another front on Tuesday in his assault on global trade norms, ordering a probe into potential new tariffs on copper imports to rebuild US production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods.

Unless the subsidy program for electric motorcycles is renewed, the industry will see sales drop in 2025.

The country’s burgeoning art market is giving rise to a younger generation of collectors who are not only motivated by investment returns but also by a desire to express personal tastes.

The Finance Ministry has announced a new housing bond to help finance the government's 3 million affordable homes program as a "modification" of the FLPP mortgage facility launched in 2021.

Federal Reserve officials are taking note of what they see as rising inflation risks and the uncertain impact of President Donald Trump's trade, immigration and other policies.

Asian markets turned negative Thursday amid Federal Reserve concerns that US President Donald Trump's tariffs and immigration measures could reignite inflation.

Asian stocks wavered on Wednesday after the S&P 500 and European shares ended at record highs, in the face of US President Donald Trump's latest tariff threats on auto, semiconductor and pharmaceutical imports.

Indonesia imported over 10.47 million tonnes of nickel ore last year. Some 97 percent was procured from the Philippines.

Hong Kong resumed its tech-led rally on a healthy day for Asian markets Tuesday as a meeting between President Xi Jinping and China's top business leaders fanned hopes that a years-long crackdown on the private sector is coming to an end.

The IDX Composite surged 2.9 percent on Monday, driven by gains in banking stocks as investors anticipated dividend announcements from state-owned banks.

The yen rose on Monday in a boost from upbeat Japanese GDP data, while the Australian and New Zealand dollars held broadly steady ahead of policy decisions later in the week.

The National Food Agency (Bapanas) plans to import 200,000 tonnes of raw sugar to safeguard government stocks and prevent excessive price fluctuations ahead of Ramadan.  

Global prices soared to an all-time high this week as many investors turn to the precious metal as a safe haven asset amid geopolitical and global economic uncertainty.

The IDX Composite closed 0.38 percent higher on Friday, rebounding after the previous day’s decline.

Asian stocks tracked Wall Street higher on Friday, while the dollar eased as investors contended with US President Donald Trump's reciprocal tariffs that were not immediately imposed as well as US data allaying investor worries on inflation.

Agusman explained that the council would have a similar function to the World Gold Council in London in facilitating demand for gold.

In addition to growing worries over a global trade war, analysts say negative sentiment over Prabowo's sweeping budget cut policy contributed to the IDX Composite’s 1.4 percent decline on Monday.

The surge in renewable energy installations meant China hit its 2030 target six years ahead of schedule, underscoring the speed of its clean energy rollout.

The IDX Composite index dropped by 1.93 percent on Friday, the biggest weekly decline since mid-2024.

Asian stocks inched up on Friday ahead of key US payrolls data as investors considered prospects that a broader trade war could be averted, while the yen hit its highest in nearly two months on rising odds of more rate hikes in Japan this year.

The IDX Composite index dropped 2.12 percent on Thursday, reaching its lowest level since June.

Asia shares rose on Thursday, tracking gains on Wall Street following a see-saw session, while US Treasury yields came under pressure after mixed economic data.

Customers have flooded social media to express frustration over fuel shortages at Shell filling stations, sharing photos and videos of empty pumps and “closed” signs.

The IDX Composite rose by 0.62 percent on Tuesday after reports of the US postponing import tariffs for Canada and Mexico for one month. 

Indonesia will not be able to shut down all coal and other fossil-fuel power stations within 15 years, says special presidential envoy Hashim Djojohadikusumo, walking back a statement made by President Prabowo Subianto at last year’s G20 summit.

The IDX Composite closed lower on Monday, falling by 1.11 percent after United States President Donald Trump announced an increase in import tariffs on Canada, Mexico and China.