Japanese car brands contributed to almost 90 percent of wholesale in Indonesia throughout 2024 and a large part of those sales are fueled with gasoline, which can be mixed with bioethanol.

Crude prices surged Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears.

J.P.Morgan upgraded its rating on emerging market (EM) equities to "overweight" from "neutral" on Monday, citing easing US-China trade tensions and a softer dollar.

Asian stocks fell with the dollar Monday after Moody's removed the United States' last gold standard sovereign bond rating, citing the growing debt pile that it warned could balloon further.

Asian stocks were ending a strong week on a softer note on Friday as the euphoria over US-China trade talks faded, while revived bets for policy easing in the United States sparked a rally in beaten-down bond markets.

The government is slated to raise its export levy on crude palm oil from 7.5 percent to 10 percent of the reference price starting May 17 to fund a biofuel program and replanting efforts.

The Argentine government expects to expand its beef export market to Indonesia this year, promising competitive prices and reciprocal access for Indonesian products.  

Asian stocks fluctuated Wednesday, with investors struggling to track a strong day on Wall Street as euphoria over the China-US trade detente petered out.

Dairy products, especially milk, could be on the menu of renegotiated trade talks with the US, Kadin has said, suggesting that powdered milk imports could be used for the President's free meals program.

The dollar retreated slightly on Tuesday but held most of its gains on lingering optimism over a tariff deal between the United States and China, which tapped the brakes on a trade war between the world's two largest economies.

Japanese stocks jumped on Friday, supported by the dollar's surge against the yen, after a US trade deal with Britain fueled hopes of progress in tariff talks with other countries.

Shares in Asia rose on Thursday after US President Donald Trump flagged a first trade deal in his global tariff war, while the dollar held most of its overnight gains as markets pushed out the chance of near-term rate cuts.

US stock futures and Chinese markets rose on Wednesday, as investors cheered news of a meeting between top US and Chinese trade officials as a chance to tone down the tariffs, while China cut interest rates and vowed to support stock markets.

The proposal has drawn pushback from a farmers’ association, which says the current global price surge is a rare opportunity to maximize profits after years of depressed returns.

Record-high yields in the first four months of the year has helped expand the national rice reserve from 1.7 million to 3.5 million tonnes, inadvertently leading to a shortage of storage facilities but also creating an export opportunity.

Indonesia is looking to strengthen local currency usage in partnership with multilateral development banks (MDBs) amid global economic challenges and to support sustainable development.

This practice has pushed several miners out of business, according to the association, while others that have remained operational either have the large-scale capacity to do so or are simply operating to keep equipment running and preserve jobs.

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed.

The dollar was losing ground again on Monday as a meteoric surge in its Taiwanese counterpart spilled over elsewhere, fueling speculation some Asian countries were prepared to engineer revaluations to win US trade concessions.

OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday, despite falling prices and expectations of weaker demand.

Asian stock markets and US futures rose on Friday as signs of possible trade talks between the US and China lifted risk sentiment after lacklustre earnings from tech bellwethers Apple and Amazon fueled worries about the impact of tariffs.

While the transport minister has urged local airliners to look at buying rejected Boeing jets as an opportunity for fleet expansion, industry association INACA has called for a collected, practical stance in view of regulatory, certification and other established processes.

Asian stock markets headed for a second straight week of gains on Friday and the dollar for its first weekly rise in more than a month as investors have welcomed an apparent softening of the White House stance on China, despite no signal of detente.

The move came after the country’s stock market and currency emerged as one of Asia’s worst-performing this year amid uncertainties due to the US' wide-sweeping tariffs and concerns over the country’s fiscal policy.

"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.

The 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.

Public Housing and Settlements Minister Fahri Hamzah said the backlog, which measures the gap between home demand and existing ownership, is estimated to have increased to 15 million from the previous 9.9 million to 12 million units in the past two years.  

Agriculture Minister Andi Amran Sulaiman said Indonesia cannot export rice to Malaysia to maintain domestic rice stocks.

The government has vowed to trade with China as usual after Beijing warned other countries against striking tariff deals with the United States at China’s expense.

Gold prices hit a fresh record on Monday while the dollar tumbled further along with Wall Street equities as President Donald Trump again slammed Federal Reserve Chair Jerome Powell.