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PT Nations Petroleum, an oil and gas company under the Arsari Group, owned by Hashim Djojohadikusumo, the younger brother of President Prabowo Subianto, secured the Natuna D-Alpha working area through the direct offer mechanism.
32 minutes agoUnited States Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet on Sunday to try to tee up potential agreements on AI, tariffs and critical minerals for a high-stakes Washington summit this week between US President Donald Trump and Chinese President Xi Jinping. ...
1 day agoState spending as of the end of August reached only 59.7 percent of this year's allocation as the new finance minister gears up to focus on fiscal continuity. ...
1 day agoWithout detailing specific measures, US Treasury Secretary Scott Bessent signaled Washington would target "fearful nations" that practice "appeasement" by engaging with Iran's economy and financial system.
4 weeks agoCombined investment from mainland China and Hong Kong reached US$11.5 billion in H1 2026, nearly three times the $4.1 billion recorded a year earlier.
4 weeks agoNegotiations between the neighboring countries broke down Friday in Washington, putting into force new 50-percent US tariffs impacting about $20 billion worth of goods, or 5.5 percent of Canadian exports to the United States.
4 weeks agoThe lack of a final agreement means that new 50-percent duties, set to impact some $20 billion of Canadian exports to the United States, took effect on Saturday.
4 weeks agoThe US president did not say which countries would be exporting the beef but added there was a commitment to sell it at 25 percent below market prices.
4 weeks agoReducing reliance on western credit card providers was the main notion behind the establishment of the Indonesian Credit Card (KKI), so the country has a system to rise to the task when worst comes to worst.
4 weeks agoUnder the CEPA, around 90 percent of tariff lines for Indonesian goods entering the EU market will gradually be eliminated to zero.
1 month agoThe President made no mention of the country’s future capital city under construction in East Kalimantan in his State of the Nation address last Friday.
1 month agoPresident Prabowo Subianto previously announced a plan to build 100 GW of solar power in the coming years, saying it could save the state up to Rp 73.9 trillion (US$4.14 billion) annually in electricity production.
1 month agoSouth Korea will flag off on Saturday a container ship bound for Europe via the Arctic, testing whether a route opened by melting sea ice can be commercially viable, but risking friction with Western allies, as the voyage requires Russian cooperation.
1 month agoThe Nusantara Capital City (IKN) Authority will direct most of its 2027 budget toward completing legislative and judicial complexes, as private investment also expands across the future capital.
1 month agoUS President Donald Trump paused the planned rollout of new tariffs on Canadian goods late Tuesday, after negotiations between both countries that went down to the wire.
1 month agoUS, Japanese, German and French borrowing costs are at their highest levels in years or decades as debt levels in developed countries look increasingly unsustainable.
1 month agoFrom displacement to success, Maluku-born Richard Waery details how education and a scholarship opportunity opened numerous doors for him. His is a story of resilience and proof that one opportunity can change the course of a lifetime.
1 month agoGovernment programs, like the free nutritious meal initiative and Red and White Cooperatives, have helped drive commercial vehicle demand, but the boost may prove difficult to sustain.
1 month agoEconomists say the government’s macroeconomic assumptions for next year cast doubt on a 2027 budget plan that comes with relatively cautious goals for state revenue and expenditure.
1 month agoThe Japanese economy eked out modest growth in the second quarter despite the impact of the Iran war, official data showed Monday, but the reading fell short of market expectations.
1 month agoPresident Prabowo Subianto has proposed a low fiscal deficit for the 2027 state budget bill though more efficient spending and higher revenue, even while holding onto an ambitious economic growth target.
1 month agoFor the first time, Statistics Indonesia (BPS) released a housing statistics figure, which compiles data from the National Socioeconomic Survey (Susenas) and administrative data from ministries, government agencies and local administrations.
1 month agoPresident Prabowo Subianto plans to eliminate more than 750 state-owned enterprises and open legal
1 month agoIndonesia’s textile exports are expected to grow by up to 4 percent in 2027, but weak supply-chain integration and outdated machinery are keeping the the industry from reaching its full potential.
1 month agoThe government is providing eased credit access to back local electric two-wheelers and push for the use of nickel-based batteries in an industry increasingly dominated by lithium alternatives.
1 month agoIn little more than a decade, Indonesia has grown into Southeast Asia's largest economy, with its factories and resource base feeding supply chains that stretch to every major market.
1 month agoEconomists stress that creating a credible plan is more important than painting a bold aspiration, as the government continues to propose ambitious economic growth targets, while seeking to uphold fiscal prudence.
1 month agoIran remains under sweeping US and international sanctions, and it has yet to reach a peace deal to end the current conflict with the US and Israel, giving Tehran added incentive to seek alternative financial channels outside the dollar system.
1 month agoBank Indonesia’s retail sales index also dropped sharply in June, but the central bank sees improvements next month.
1 month agoMore than 500 running events are taking place in Indonesia and more than 200 cities in 2026, roughly five times the number recorded in 2022.
1 month agoIndonesia holds the world's sixth-largest gold reserves, estimated at around 2,600 tonnes.
1 month agoIndonesia also sought a preferential trade agreement (PTA) with South America’s Mercosur bloc as negotiations for a broader Indonesia-Mercosur Comprehensive Economic Partnership Agreement (IEU-CEPA) made little progress.
1 month agoContinued layoffs and a shift of work to the informal sector raises questions about the quality of jobs being created as official data shows that the unemployment rate edged down in May.
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