#Global 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.
Government to conduct fit-and-proper test for U.S, Japan Ambassador nominees
The House of Representatives (DPR) has received namesof government's nominees for ambassadorial posts, in particular the United States, a position that has remained vacant amid mounting geopolitical pressures.
Government poised to appoint new ambassador to U.S. after two-year vacancy
The government is set to fill one of its most critical diplomatic posts, nearly two years after the ambassadorial seat in Washington, D.C. was left vacant.
U.S.-Iran conflict threatens Indonesia’s economy, Expert warns
Rising tensions between the United States and Iran pose a serious threat to Indonesia’s economic stability, said Syafruddin Karimi, an economist at Padang-based Andalas University.
President Prabowo calls for strategic collaboration at SPIEF 2025
President Prabowo Subianto emphasized the importance of strategic collaboration and reaffirmed Indonesia’s commitment to an independent and active foreign policy during his address at the plenary session of the St. Petersburg International Economic Forum (SPIEF) 2025 on Friday, June 20, 2025.
Balinese handicraft exporters adapt to shifting global trade, consumer trends
Once a consistent foreign exchange contributor, Bali’s woodcraft export industry is now navigating choppy waters in line with the cautious “wait-and-see” mode taken by American buyers following the increased import costs imposed by the United States government although the North American country has remained a major market for Balinese handicrafts.
Israel-Iran war sends oil prices soaring, pressures Indonesia’s economy: Expert
The outbreak of war between Israel and Iran in June 2025 has triggered a dramatic spike in global oil prices, surpassing US$100 per barrel, sending shockwaves through energy-importing nations like Indonesia, placing immense pressure on the country’s State budget and simultaneously threatening inflation and currency stability, an expert says.
Airlangga highlights RI’s proactive role in int’l negotiations during USTR meet
Coordinating Minister for the Economy, Airlangga Hartarto, met with United States Trade Representative (USTR) Jamieson Greer on the sidelines of the first day of the OECD Ministerial Council Meeting (MCM) in Paris, France on Tuesday, June 3, 2025, marking a strengthened Indonesia-U.S. dialog, particularly on trade and investment.
Majority of Indonesians fall below Upper-Middle-Income poverty line: World Bank
Despite being officially categorized as an upper-middle-income country, Indonesia still faces a stark poverty challenge, with more than half of its population living below the poverty line for countries in the same income bracket, according to the latest Macro Poverty Outlook published by the World Bank in April 2025.
Indonesia asks IMF to reinforce global trade amid rising tensions
Governor of the Indonesian Central Bank (BI) Perry Warjiyo has called for a stronger role by the International Monetary Fund (IMF) in safeguarding global economic stability in the face of rising trade tensions and protectionist policies, particularly from major economies such as the United States.
RI engages U.S. on multilateralism, WTO reform at G20 and IMF Spring meetings
Indonesia emphasized the importance of continued U.S. engagement in multilateral institutions and fair global trade during recent high-level meetings on the sidelines of the G20 and the IMF Spring Meetings, Finance Minister Sri Mulyani Indrawati said.
Government debt projected to reach 40.1 percent of GDP in 2025: World Bank
Indonesia’s public debt is expected to rise significantly to 40.1 percent of gross domestic product (GDP) in 2025, up from an estimated 29.2 percent in 2024, the World Bank said in its April 2025 report.