Markets and Finance
Indonesia’s manufacturing still trails Vietnam in U.S. market: Industry ministry
Indonesia’s manufacturing sector still faces difficulties competing with Vietnam in the U.S. market, despite lower import tariffs granted by the U.S. government, said Putu Juli Ardika, Director General of Agro Industry at the Ministry of Industry.
Former top economic minister Kwik Kian Gie passes away at 90
Indonesia is mourning the loss of one of its most prominent economic thinkers and public servants, Kwik Kian Gie, who passed away on Monday night, July 28, 2025, at the age of 90. His death was confirmed by former Jakarta deputy governor and Tourism and Creative Economy Minister Sandiaga Uno via social media.
RI secures $1.3 B in green energy investment via JETP, $6 B in the pipeline
Indonesia has secured US$1.3 billion (Rp 21.2 trillion) in renewable energy investments through the Just Energy Transition Partnership (JETP), with a further US$6 billion (Rp 97.7 trillion) in the pipeline.
Indonesia to spend Rp578 trillion under U.S. trade deal, experts urge caution
Indonesia must prepare around Rp578 trillion (US$35.4 billion) to fulfill commitments under a trade agreement proposed by the U.S. President Donald Trump, including US$15 billion in oil and gas imports, the purchase of 50 Boeing aircraft, and US$4.5 billion worth of U.S. agricultural products, an economist has warned.
Indonesia asked to exercise caution in $15 billion U.S. oil & gas import plan
An expert has called on the government to carefully consider its plan to import up to US$15 billion worth of oil and gas from the United States on the grounds that the move could significantly increase logistics and insurance costs.
U.S. tech firms get partial relief from Indonesia's local content regulation
The latest trade agreement between the Indonesian and U.S. governments exempts certain technology products from the requirement to meet the Domestic Component Level (TKDN), but not entirely.
House, government agree to raise 2026 tax revenue
Finance and monetary Commission XI of the House of Representatives (DPR) and the government have reached a consensus to raise the tax revenue target in the 2026 State Budget Bill (RAPBN), aiming to strengthen the country’s fiscal foundation through ongoing revenue reform.
RI affirms data protection in U.S. trade deal, assures security for cross-border transfers
The Indonesian Ministry of Communications and Digital Application has affirmed that the recently announced trade agreement with the United States will not lead to unrestricted personal data transfers, but instead establishes a legal, safe, and accountable framework for cross-border data governance.
ADB President urges SE Asia to seize global uncertainty as catalyst for domestic reform
Asian Development Bank (ADB) President Masato Kanda has called on Southeast Asian nations, including Indonesia, to turn rising global economic uncertainty and trade tensions intensified by U.S. President Donald Trump’s tariff policies into opportunities for deep domestic reform and economic modernization.
Danantara poised to ink $8 B deal with U.S. firm KBR for modular refineries
State-owned investment holding Danantara is reportedly preparing to sign a massive $8 billion engineering, procurement, and construction (EPC) contract with U.S.-based engineering firm KBR Inc. to build 17 modular oil refineries across Indonesia, according to internal documents from the Coordinating Ministry for the Economy and sources with direct knowledge of the plan.
President convenes ministers to discuss special economic zones, 2026 budget
President Prabowo Subianto summoned several Cabinet ministers to the Merdeka Palace in Jakarta on Tuesday, July 22, 2025 to discuss the development of Special Economic Zones (SEZs) and the drafting of the 2026 State Budget (APBN).
Prabowo launches village and urban cooperatives focusing on key sectors
President Prabowo Subianto launched the Red-and-White Cooperatives (Kopdes and Kopkel) program in Klaten, Central Java, on Monday, July 21, 2025, with a simultaneous rollout in 108 locations and aims to gradually establish 80,081 cooperatives in villages and urban neighborhoods across Indonesia.