Investment grew 2.7 percent in the first quarter and was up 16 percent on the year yet came in just shy of a quarter of the full-year target.
1 week agoThe announcement comes just days after the government rejected a request from Malaysia to import rice from Indonesia, citing the need to safeguard domestic supply. ...
1 week agoThe government is holding onto its target for 5 percent gross domestic product (GDP) growth this year despite the International Monetary Fund revising down its projection for Indonesia’s economy in a recent update. ...
1 week agoThe Jakarta administration, in collaboration with its Banten counterpart, has officially launched a new Transjabodetabek bus route connecting South Jakarta’s business and shopping hub, Blok M, with the Alam Sutera township in Tangerang to boost usage of public transportation across the Greater Jakarta area.
1 week ago"The quarter has been impacted by significant market fluctuations. Our equity investments had a negative return, largely driven by the tech sector," Nicolai Tangen, head of the Norwegian sovereign fund, said in a statement.
1 week agoShoigu's comments come as US President Donald Trump and Vice President JD Vance have warned that Washington could walk away from trying to negotiate a peace settlement in Ukraine if there is no progress on a deal soon.
1 week agoThe Chinese investor has cited weak global demand and shifting market dynamics as reasons for the cutback, which comes on the heels of LG's announced withdrawal from a broad EVB supply chain project for similar reasons.
1 week agoUS President Donald Trump this month threatened massive 46 percent levies on Vietnam, with Washington accusing the country of facilitating Chinese exports to the United States and allowing Beijing to get around tariffs.
1 week agoChina's Zhejiang Huayou Cobalt is replacing South Korea's LG Energy Solution as a strategic investor in a multibillion-dollar project to build an electric vehicle battery joint venture in Indonesia, officials said on Wednesday.
1 week agoIn a televised interview with CNBC, Boeing Chief Executive Kelly Ortberg said Chinese customers had "stopped taking delivery of aircraft due to the tariff environment," adding that if the halt continued, the aviation giant would soon market the jets to other carriers.
1 week agoA study of about 1 million girls suggests government programs can be effective in reducing the number of child brides.
1 week agoPresident Prabowo Subianto has been strangely silent and has yet to issue a specific public communication addressing the US tariff rise or laying out a strategy for its resolution.
1 week agoSouth Korea's economy unexpectedly contracted in the first quarter as exports and consumption stalled amid fears over the impact of Washington's aggressive tariffs, fanning expectations of more interest rate cuts.
1 week agoPope Francis' legacy lies not only in the specific reforms he implemented, but in the broader paradigm shift he championed.
1 week agoThe Jakarta administration is warning residents of a potential spike in dengue fever cases by the end of April. Over 500 cases have been reported in East Jakarta.
1 week agoThe immediate impact of the recent global trends has been the painful marginalization, or more aptly, re-marginalization, of the Global South.
1 week agoPresident Prabowo Subianto is considering tapping into more members of his inner circle to use as spokespeople to work alongside State Secretary Prasetyo Hadi, who has already begun assuming the role of presidential spokesman, marking a shift in how the administration handles public messaging.
1 week agoThe House of Representatives Commission III overseeing legal affairs are focusing on finishing the deliberation of Criminal Law Procedures Code (KUHAP) by the end of this year, before moving on to other law revisions, including those governing the Attorney General’s Office and the National Police.
1 week agoIndonesia and Qatar have launched a US$4 billion joint investment fund, co-managed by Indonesia’s Danantara investment agency and the Qatar Investment Authority (QIA), marking a major milestone in President Prabowo Subianto’s Middle East diplomacy. While the agreement signals strong international confidence in Indonesia’s economic prospects, it also raises mounting expectations for Danantara to provide liquidity for domestic projects despite lingering concerns over its financial capacity.
1 week agoThe Attorney General’s Office (AGO) accused Tian of receiving Rp 478 million (US$28,337) from two lawyers, Marcella Santoso and Junaedi Saibih, in exchange for orchestrating negative news reports aimed at undermining the AGO’s investigations into corruption at state-owned tin mining giant PT Timah and a sugar import graft case involving former trade minister Thomas Lembong.
1 week agoThe mobile market in Indonesia has been trimmed to just three major players as the XLSmart merger is completed, prompting consumers to question how fewer players in the market might affect prices and service quality.
1 week agoPilgrims and tourists queued for hours to file past the open coffin of the Argentine pontiff, who died on Monday aged 88.
1 week agoToday, as the world grapples with the resurgence of protectionism and the unraveling of multilateralism, the principles of Bandung are more relevant than ever.
1 week agoBank Indonesia (BI) has decided to keep its key interest rates in place as the rupiah remains weak, and noted that mounting global pressure stemming from trade disruption threatens Indonesia’s economic growth.
1 week agoThe show will feature over 600 musicians and dancers, combining theatrical elements with traditional and contemporary dance, set to modernized traditional music and costumes by renowned fashion designers.
1 week agoAs the global geopolitical landscape continues to veer toward unpredictability and intensifying tensions, Estonia has begun setting its sights on partnerships with Southeast Asian countries, exemplified by a recent high-level engagement with Indonesia to explore cooperation, particularly in the digital world.
1 week agoThe Cianjur Health Agency has declared a health emergency after 78 students from two schools in the regency suffered food poisoning. The students showed symptoms after meals from the government-run free nutritious meal program.
1 week agoThe de-escalation drew an immediate thumbs up from Wall Street, as equity index futures jumped by nearly 2 percent on the resumption of trading on Tuesday evening.
1 week agoSince Trump began a second term in January, he has unleashed a tit-for-tat trade battle with Beijing that has seen US levies on many Chinese goods reach 145 percent.
1 week agoPresident Prabowo Subianto appointed former president Joko “Jokowi” Widodo, former transportation minister Ignasius Jonan and some of his cabinet members to attend Pope Francis’ funeral in Rome on April 26.
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