The two government institutions disagree on the need for garlic imports amid high prices of the commodity.

The bill hammered out by US leaders to prevent the country from a catastrophic default on its debts will face one final and potentially perilous hurdle this week: Passing a divided Congress.

The government lifted a ban this month on the export of dredged sand that was in place for more than 20 years, in a move it claims will bring in badly needed revenue but that activists say will further degrade the country’s vital marine ecosystems.

Democratic President Joe Biden and top congressional Republican Kevin McCarthy struck a deal on Saturday to suspend the federal government's $31.4 trillion limit on US government borrowing, in order to avert a catastrophic default as soon as June 5.

Indonesia’s central bank is keeping a close eye on negotiations in the United States and says it is ready to intervene in the markets should that be necessary to guard the rupiah.

The Industry Ministry, as well as plastic manufacturers and analysts, says the proposal could disturb a local ecosystem already bruised by imports.

The government is planning to reduce bond issues in view of a budget surplus amounting to 1.12 percent of GDP and realizing 33.66 percent of its full-year debt financing target in the first quarter.

Optimism that the United States will avert a calamitous default supported equities Tuesday, with President Joe Biden and House Speaker Kevin McCarthy saying they held productive talks on the debt ceiling.

Indonesia says a preferential trade agreement (PTA) with Tehran that covers hundreds of trade items will give it access to the wider region, thanks to Iran’s economic power and natural resources.

Several Japanese companies have inked MoUs on investment commitments to develop the nation’s new capital, long viewed as the President's pet project.

President Joe Biden's administration and congressional Republicans traded barbs on Saturday over raising the federal $31.4 trillion debt ceiling, with both sides casting the other's proposals as too extreme.

In a series of meetings, the two countries expressed their hope to expand collaboration on everything from knowledge transfer in the mining industry, to purchasing Indonesian military equipment and the opening of embassies within the two countries.

Indonesia and Iran have concluded the final stage of negotiations on a trade agreement they plan to sign between May 22 and 24.

President Joe Biden's departure Wednesday to the G7 in Japan was meant to launch a geostrategic masterclass on rallying the world's democracies against China. Instead, he will limp into an abruptly truncated journey facing concerns that the US debt ceiling row is about to tear up the global economy.

The G7 plans to launch a partnership scheme to diversify supply chains this year, ministers from the group said Saturday following finance talks in Japan ahead of a major summit next week.

ASEAN leaders have agreed to cultivate the development of the electric vehicle (EV) industry in the region with hope of one day serving not just the regional market but the rest of the world as well.

Finance leaders of the Group of Seven (G7) advanced economies will debate this week the idea of implementing targeted controls on investments to China, which analysts see as a double-edged sword that could make little headway.

ASEAN leaders declared at this week’s summit in Labuan Bajo, East Nusa Tenggara, that member countries should use their own currencies more often in intraregional trade, as the bloc aims to insulate the region from external volatility.

The negotiation on the digital economy pact will be launched in the third quarter, much earlier than the previous plan of 2025.

US Treasury Secretary Janet Yellen on Sunday warned that a failure by Congress to act on the debt ceiling could trigger a "constitutional crisis," with consequences for financial markets and interest rates.

Smaller firms are to be controlled by the National Asset Management Company (PPA) and state-owned holding company Danareksa, while the process for bigger companies is still being studied.

An industry association has warned that the deadly virus could infect up to 90 percent of the country’s livestock population of pigs, following its discovery in Riau Islands province.

Foreign buyers can purchase carbon credits in Indonesia carbon markets, but they must transact and be registered in Indonesia. 

The White House warned on Wednesday of a future of tumbling stocks and spiking unemployment if the United States defaults on its debt payments, a looming possibility as Democrats and Republicans fight over national spending.

The central banks of Indonesia and Korea have signed a cooperation agreement on local currency settlement (LCS) to allow the use of the rupiah and the won in bilateral transactions.

The United States could run out of money to pay its financial obligations -- risking a catastrophic default -- as early as the start of June, Treasury Secretary Janet Yellen said Monday, as policymakers tussle over raising the debt ceiling.

New EU rules could complicate imports of vital Indonesian commodities to Europe, and a palm oil industry representative says that could be a problem, especially where smallholder producers are involved.

The Online Streaming Act creates a legal framework to regulate digital platforms and oblige them to contribute financially to the "creation, production and distribution" of Canadian content such as music and TV shows as well as its promotion.

Indonesia will allow Freeport Indonesia and Amman Mineral Nusa Tenggara to continue exporting copper concentrate until next year despite a ban starting June. 

The International Monetary Fund called on the European Central Bank on Friday to keep raising interest rates until the middle of 2024 and on EU finance ministers to tighten fiscal policy, in concerted action to bring down high inflation.