#Economy
Indonesia committed to US$1 B as it fully joins BRICS’ New Development Bank
Coordinating Minister for the Economy Airlangga Hartarto has confirmed that the Indonesian government plans to contribute US$1 billion (Rp16.66 trillion) as an initial capital contribution to support the financial arm of BRICS ‒ the New Development Bank (NDB).
Fed cuts rates by 25 basis points, signals no assurance of December easing
The U.S. Federal Reserve on Wednesday, October 29, 2025, cut its benchmark interest rate by 25 basis points to a range of 3.75–4.00 percent, marking its first rate reduction this year as signs of slowing job growth and rising labor market risks emerge.
Prabowo’s 8% growth ambition aims to create formal, quality jobs: Purbaya
Minister of Finance Purbaya Yudhi Sadewa provides the core reasoning behind President Prabowo Subianto’s ambitious target to accelerate Indonesia’s economic growth to 8 percent, a significant leap from the country’s decade-long average of around 5 percent.
Purbaya promises new bridge to strengthen connectivity in North Kalimantan
Finance Minister Purbaya Yudhi Sadewa has pledged to fund the construction of a new bridge in North Kalimantan to improve connectivity in the border region, where many residents have been forced to cross into neighboring Malaysia due to limited infrastructure.
Regional leaders protest budget cuts as fiscal tensions rise between central, local governments
Eighteen regional heads visited Finance Minister Purbaya Yudhi Sadewa’s office in Jakarta on Monday, October 7, 2025 voicing protests over the government’s decision to reduce the 2026 regional transfer budget (TKD).
Economists cautious on Rp16 T stimulus as government bets on 5.5% growth in Q4
The government’s Rp16 trillion (US$985 million) stimulus package has drawn cautious responses from economists, who say the measures may help prevent further slowdown but are unlikely to deliver the ambitious growth target of 5.5 percent in the fourth quarter of 2025.
House approves 2026 State Budget with deficit at 2.68% of GDP, growth 5,4%
The House of Representatives (DPR) on Tuesday, Sept. 23, 2025, approved the 2026 State Budget (APBN) bill into law during its fifth plenary session of the 2025–2026 sitting period.
Deloitte: Asia-Pacific climate transition could boost economy by US$50 T by 2070
A new Deloitte report projects that the Asia-Pacific climate transition could add US$50 trillion (Rp833.054 trillion) to the region’s economy by 2070, while unlocking up to US$90 trillion in investment opportunities by 2050 for new technologies and supporting industries.
Government-BI agree on burden-sharing to fund housing, village cooperatives
The government and the Indonesian Central Bank (BI) have agreed on a new burden-sharing mechanism to support priority programs under President Prabowo Subianto’s Asta Cita agenda, in particular the Public Housing Program and the Red-and-White Village Cooperatives initiative.
Government boosts spending to Rp694 T amid calls for fiscal reform
Coordinating Minister for the Economy, Airlangga Hartarto, has pledged to accelerate government spending of at least 25 percent of the state budget, or Rp694 trillion (US$44.77 billion) in an effort to boost consumption and stabilize the economy amid ongoing unrest and rising unemployment.
Rupiah rebounds after protests, BI steps in with stabilization measures
The rupiah came under pressure during Friday, August 29, 2025 protests, weakening to Rp16,509 per US dollar, but gradually recovered and closed stronger on Monday, September 1, 2025 afternoon at Rp16,428 per dollar after opened Rp16,259 per dollar earlier in the day.
Jakarta offers tax discounts for hotels, restaurants to boost economy
The Jakarta Provincial Administration is granting temporary tax discounts for businesses in the hotel and restaurant sector, effective from Monday, August 25, 2025, until the end of the year, in a bid to stimulate economic growth.