#Economy
Trump reinstates reciprocal tariffs on 14 nations, including Indonesia, starting August
U.S. President Donald Trump has announced the reimposition of reciprocal import tariffs on 14 countries, including Indonesia, effective Friday, August 1, 2025.
Indonesia's global competitiveness ranking drops to 40th, raising investor concerns
Indonesia has experienced a significant drop in its global competitiveness, falling 13 places to rank 40th out of 69 countries in the World Competitiveness Ranking (WCR) 2025 released by the Institute of Management Development (IMD).
Indonesia’s digital economy resilient amid global uncertainty: EV-DCI 2025
Despite a 75 percent plunge in startup funding to US$323 million (Rp5.2 billion) in 2024, Indonesia’s digital ecosystem continues to grow, driven by increased online transactions and rapid adoption of technologies like artificial intelligence (AI), according to East Ventures – Digital Competitiveness Index (EV-DCI) 2025, published in May 2025 in collaboration with Katadata Insight Center.
Indonesia’s external debt reaches US$431.5 B in April, driven by public sector growth
The Indonesian Central Bank (BI) reveals that the country’s external debt stood at US$431.5 billion (Rp7,029 trillion) as of April 2025, reflecting an 8.2 percent increase year-on-year (YoY) and showcasing a higher growth rate compared to 6.4 percent YoY recorded in March.
DEN pushes for frankincense downstreaming to tap into US$23 B global market
Chairman of the National Economic Council (DEN), Luhut Binsar Pandjaitan, is proposing a new downstreaming initiative focused on frankincense, aiming to maximize Indonesia’s role in the global value chain of this high-demand commodity.
RI’s path to OECD membership proceeds with initial memorandum submission
Indonesia’s aspirations to join the Organization for Economic Cooperation and Development (OECD) are making significant headway after the government has officially submitted its initial memorandum, a key milestone in the accession process.
Sumitronomics approach seen as key to boosting RI's sustainable economic growth
A senior economist expresses his belief that economic principles of "Sumitronomics" could play a vital role in accelerating Indonesia's economic growth, citing that many ideas from Indonesia’s renowned economic thinker, Sumitro Djojohadikusumo, remain highly applicable in today's context.
ESDM minister deflects question on canceled electricity discount
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has opted not to comment on the recent cancelation of electricity tariff discounts for June–July 2025, pointing instead to fellow Cabinet member, Minister of Finance Sri Mulyani Indrawati, who has made the announcement on the discount policy.
Government eyes up to 5.8 percent economic growth in 2026
Minister of Finance Sri Mulyani Indrawati revealed on Tuesday, May 20, 2025 the government’s 2026 macroeconomic framework and fiscal policy guidelines (KEM PPKF), projecting national economic growth to reach between 5.2 and 5.8 percent next year.
Indonesia's slowing economy raises recession concerns: Celios researcher
Indonesia’s economy has posted its slowest quarterly growth since the third quarter (Q3) of 2021, raising red flags over the nation’s recovery momentum and prompting calls for urgent fiscal and monetary interventions.
Experts: U.S. tarriffs could jeopardize Indonesia's IT sector, weaken rupiah
Director for Digital Economy at the Center for Economics and Law Studies (CELIOS), Nailul Huda, has assessed that the impact of the U.S. reciprocal tariff policy has the potential to weaken the telecommunications and information technology (IT) sector in Indonesia.
Study: Indonesia to save Rp124 trillion by retiring two coal plants early
An economic burden worth Rp124 trillion (US$7.6 billion) could be prevented through the early retirement plan of the Cirebon-1 and Pelabuhan Ratu Coal-fired Power Plants (PLTU), a Center for Research on Energy and Clean Air (CREA) report says.