Indonesia's Central Bank Governor Perry Warjiyo expects inflation to remain low for the rest of the year and in 2025.
Economy

Indonesia's central bank cuts rate to boost economic growth

Bank Indonesia trims policy rate by 0.25% in first lowering since 2021

18 September 2024
Commentators speculate that the replacement of Arsjad Rasjid, right, by Anindya Bakrie, left, as KADIN's head is linked to maneuvering by Indonesian President Joko Widodo (Source photos by AFP/Jiji and Reuters) 
Economy

Indonesian business community stunned by chamber of commerce takeover

KADIN leadership change resembles political party maneuvers

18 September 2024
The Thai baht gained 6% against the dollar between Aug. 1 and Sept. 12 thanks partly to a rise in exports.
Currencies

Thai, Malaysian and Indonesian currencies gain as dollar weakens

Southeast Asia enjoys growth; political fears sink Turkish lira, Mexican peso

14 September 2024
People walk past street food stalls in Jakarta. The proportion of Indonesians classified as middle class has fallen in the past few years as a result of the effects of the COVID-19 pandemic, according to the Central Statistics Agency. (Photo by Ken Kobyaashi)
Economy

Indonesia's economy suffers from 'long COVID' as middle class shrinks

Key growth driver has yet to recover from pandemic, statistics agency says

6 September 2024
Pope Francis meets a child during a ceremony at Chinggis Khaan International Airport in Ulaanbaatar at the end of his visit to Mongolia, Sept. 4 2023.
Your Week in Asia

Pope in Asia, China-Africa forum, Japan-Australia 2+2

Your weekly lineup of Asia's biggest business and political events

1 September 2024
Motorcycle taxi drivers protest in Jakarta, Indonesia against unfair conditions imposed by ride-hailing companies.
Transportation

Indonesian app-based taxi drivers strike in protest over low pay

Motorbike drivers gather by offices of Gojek and GoTo, calling for government support

29 August 2024
With Malaysian equities leading the way, the rally in Southeast Asian stocks has been underpinned by expectations of a September rate cut by the U.S. Federal Reserve.
Markets

Investors turn to ASEAN markets as inflation's grip loosens

Weakening dollar provides tailwind to region's high-growth economies

26 August 2024
A drone view shows houses damaged following flashfloods in Rua village, Ternate, North Maluku province, Indonesia on Aug. 25. (Antara Foto/Andri Saputra/via Reuters)
Natural disasters

Floods in Indonesia's North Maluku kill 13, two injured

Disaster management agency warns heavy rain may continue in next few days

25 August 2024
Indonesian President Joko "Jokowi" Widodo attends the country's official Independence Day ceremony on Aug. 17 in Nusantara, the future capital. (Photo by Dimas Ardian)
Politics

Indonesia holds first Independence Day event in new capital

1,400 guests attend scaled-back event in Nusantara

17 August 2024
Outgoing Indonesian President Joko 'Jokowi' Widodo speaking to parliament on Friday, a day before the nation's Independence Day celebrations.
Economy

Indonesia forecasts smaller budget deficit of 2.53% of GDP in 2025

Contraction despite 9% rise in expenditure to fund Prabowo's policies

17 August 2024
Workers construct a pedestrian walkway near the State Palace and the eagle-shaped Garuda Palace in Indonesia's new capital Nusantara on Borneo.
Business trends

Indonesia's new capital Nusantara attracts increased investor interest

Prabowo asserts support for project amid private sector doubts

14 August 2024
Household consumption makes up half the Indonesian economy. (Photo by Ken Kobayashi)
Economy

Indonesia's economy grew 5.05% in Q2

Southeast Asian nation's GDP expands as holiday demand, foreign tourists spur growth

5 August 2024
GDP for the ASEAN six is expected to increase by an average of 5.1% annually until 2034, outpacing China's projected growth of 3.5% to 4.5%. (Source photos by Ken Kobayashi and Reuters)
Economy

Southeast Asia to outpace China's GDP growth and foreign investment: report

Think tank projects 5.1% average growth next decade in six key economies

1 August 2024
Indonesian President Joko "Jokowi" Widodo hands a "golden visa" certificate to Shin Tae-yong, a South Korean who coaches Indonesia's national soccer team. (Photo by Ismi Damayanti)
Politics

Indonesia launches 'golden visa' program to attract business investment

Pricey permits might also reduce the number of digital nomads living in Bali

25 July 2024
Staff from housekeeping services provider Bears. While a severe labor shortage in Japan means many companies are keen to hire from overseas, comparatively low wages and the historically weak yen are blunting the country's appeal. (Photos by Yuji Murakami and Ryosuke Matsui)
Asia Insight

Japan's new enemy in fight to lure immigrant workers: The tumbling yen

Visa rules eased, but currency weakness tarnishes Japan's appeal for overseas hires

16 July 2024
Indonesian and U.S. flags flying alongside in Jakarta. Indonesia is rich in nickel, copper and bauxite, and keen to promote itself as a production hub for batteries and electric vehicles.
International relations

U.S. approaches Indonesia to join Mineral Security Partnership

EU and 14 countries already collaborating on critical mineral supply chains

15 July 2024
Toyota's electric vehicle bZ4X was on display last August at the Gaikindo Indonesia International Auto Show. Japanese carmakers have long dominated the Indonesian market.
Your Week in Asia

China 'third plenum' meeting, ADB economic outlook, Indonesia Auto Show

Your weekly lineup of Asia's biggest business and political events

14 July 2024
A textile market in Jakarta: The Indonesian government plans to impose new import tariffs on clothing, textiles and other products to protect local industries.
Economy

Indonesia business lobby says tariffs 'not solution' for industry

Head of chamber of commerce calls for fair competition to grow SMEs

6 July 2024
A worker takes a reading at a power transmission and distribution center near Jakarta.
Energy

Japan commits to ASEAN power grid project to counter China

PM Kishida to reveal details of 10-year plan as utilities seek slice of market

2 July 2024
Workers shift containers at a port in Indonesia. The country mainly imports apparel and clothing accessories from China, Vietnam and Bangladesh, data from the statistics bureau shows.
Trade

Indonesia to levy 100-200% duties on clothing, ceramics, minister says

Tariffs could also soon affect imports of footwear, textiles and cosmetics

29 June 2024
Indonesian Finance Minister Sri Mulyani Indrawati says President-elect Prabowo Subianto's free school lunch program will not affect the country's budgetary deficit target next year.
Economy

Indonesia looks to curb cost concerns over Prabowo's free meal program

Finance minister says budgetary deficit will stay under 3% of GDP in 2025

24 June 2024
Indonesian rupiah recently fell to 16,415 against the dollar, the lowest in four years and two months. (Photo by Ken Kobayashi)
Economy

Indonesia maintains key interest rate at 6.25% as rupiah slumps

Lack of change comes as inflation stays within central bank's target range

20 June 2024
Indonesian President Joko Widodo speaks about Indonesia's planned new capital, Nusantara, in Singapore, in June 2023.
Politics

Indonesian officials' departure reveals turmoil in capital relocation

Outgoing President Jokowi's legacy project hits snag two months before move

17 June 2024
A general photo of street in New Delhi. India is set to remain the world's fastest growing large economy. (Photo by Suzu Takahashi)
Economy

India to remain fastest growing big economy in 2024, World Bank says

Global expansion to hold steady at 2.6%; U.S. presidential election a risk for Asia

11 June 2024