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The finance minister stated that the 2025 deficit was deliberately pushed close to the 3 percent limit to ensure that the economic downturn did not spiral into a recession.
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The figures come days after the country's stock market suffered its worst crash in decades after index compiler MSCI threatened a downgrade over the transparency of the free-float stocks.
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Economic growth improved slightly last year but failed to meet the government’s target set out in the state budget.
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Japan's economy limped back to meager growth in the fourth quarter, significantly missing market expectations in a key test for Prime Minister Sanae Takaichi's government as cost-of-living pressures drag on confidence and domestic demand.
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China set its economic growth target for 2026 at 4.5%-5%, a slight downgrade from the 5% pace achieved last year, which leaves room for greater, albeit not decisive, efforts to curb industrial overcapacity and rebalance the economy.
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As the war against Iran launched by the United States and Israel rages on, pressure has been growing domestically for Indonesia to withdraw from the US-led Board of Peace, with Islamic communities and lawmakers questioning the body’s commitment to peace in the region.
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Hundreds were crowded at Ngurah Rai International Airport, many dressed in shorts, flip-flops and summer dresses, their expressions dour.
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The Israeli military said that "in response to Hezbollah's projectile fire "Israeli forces had "begun striking targets of the Hezbollah terrorist organization across Lebanon".
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An Indonesian photographer’s award-winning image from Halmahera lays bare the human cost behind the global green-energy push, earning top honors in the Southeast Asia and Oceania Singles category.
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Asian shares retreated from record highs on Friday as worries about shrinking margins in the tech sector hit the likes of Apple, driving investors into safe-haven bonds ahead of key US inflation data.
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An Indonesian comedian’s stand-up special, and the response it provoked, reveal how everyday humor continues to unsettle authority.
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Tehran emerged as one of Russia's closest allies during Moscow's Ukraine offensive and the Kremlin has been calling for restraint amid growing tensions and reports of a possible US intervention in Iran.
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Iran responded to the attack with a flurry of missile and drone strikes across the Middle East, killing at least one person in Abu Dhabi and another in Tel Aviv as explosions rocked the showcase cities of Gulf Arab monarchies.
Embracing the punk street youth community, giving them a chance for a better future
For many former punk street youths desperately searching for the elusive chance to improve their lives, the faith-based community Tasawuf Underground in Ciputat, South Tangerang.
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As geopolitics spreads into a new global era, developing states risk being sidelined unless they step up now to demand an equitable, inclusive seat at the High Seas Treaty table.
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One Chinese citizen was killed as a result of the conflict in Tehran, where Israel and the United States have been carrying out strikes in an operation that killed the Islamic republic's supreme leader.
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Even the most ardent EM bull must be wondering if this blistering rally can continue.
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Focusing solely on credit expansion risks overlooking the fundamental issues of inequality and structural weakness in domestic demand.
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Indonesia’s economy grew 5.11 percent in 2025, slightly higher than 5.03 percent in 2024, but still below the government’s 5.2 percent target. Though the figure signaled resilience, it was quickly overshadowed by Moody’s decision to revise its outlook for Indonesia from stable to negative, citing governance concerns and policy uncertainty. The revision has renewed questions about the ambition of President Prabowo Subianto’s administration to reach 8 percent amid the count