#Global Market
Indonesia eyes future QRIS expansion to Europe as digital payments surge
Indonesia is signaling that its national digital payment system ‒ Quick Response Code Indonesian Standard (QRIS) ‒ could one day be accepted in the European Union in line with the digital cooperation framework outlined in the Indonesia–European Union Comprehensive Economic Partnership Agreement (IEU-CEPA).
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).
Indonesia seeks stronger climate cooperation with Sweden for high-integrity carbon market
The Indonesian government, through the Ministry of Environment (KLH), is pushing for concrete cooperation with Sweden business community to accelerate emission reductions through Indonesia’s carbon economic value (NEK) framework.
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.
First Stainless Steel Summit launched to strengthen industry competitiveness, green transition
The Indonesian Stainless Steel Development Association (INASSDA) launched the first-ever national Indonesian Stainless Steel Summit (ISSS) 2025 at Grand Mercure Hotel, Kemayoran, Jakarta on Tuesday, October 21, 2025.
We are in discussions with many other associations, trying to build a system for Indonesian industries: Adam Fan
Adam Fan is the President director of Shanghai Metals Market (SMM), where he leads efforts to develop transparent and reliable price indices for global metals and minerals. With a background in international trade and deep experience in commodity markets, he has been at the forefront of shaping industry benchmarks across Asia, Africa, and emerging markets. In this interview with Indonesia Business Post, Fan shares his vision for fair pricing, his insights on Indonesia’s downstream ambitions, and his personal reflections on economics and leadership.
Indonesian cigarette industry turns to exports amid domestic market challenges
The Indonesian white cigarette industry has increasingly focused on exports to sustain factory operations, following a decline in domestic demand due to weakened purchasing power and excise hikes between 2020 and 2024.
BRICS investment opportunities rise ahead of 2026 common currency launch
Investment opportunities linked to the BRICS currency are gaining traction as the economic bloc prepares for a breakthrough moment in 2026, when the official launch of a shared BRICS currency is anticipated to take place.
Coal association seeks to maintain export dominance in SE Asia amid rising competition
The Indonesian Coal Mining Association (APBI) is determined to maintain its dominance in Southeast Asia’s coal export market as new players from outside the region − including Australia, South Africa, and Russia − begin entering ASEAN markets, while demand from Indonesia’s two largest buyers, India and China, is weakening.
BI expands QRIS to Japan, boosting cross-border payment connectivity
The Indonesian Central Bank (BI) announced the expansion of the Quick Response Code Indonesian Standard (QRIS), a payment platform beyond the ASEAN region, to Japan, coinciding with the 80th Anniversary of the Republic of Indonesia's Independence Day on August 17, 2025.
Indonesia’s nickel industry needs sustainable financing: Securities advisor
The development of Indonesia’s nickel sector must be accompanied by sustainable and innovative financial support if it is to meet future demand and remain competitive in the global market, said a Securities advisor.
Indonesia at a crossroads: Navigating the declining dominance of the U.S., the rise of China
Indonesia's economic future is poised at a crucial crossroads amidst dynamic shift of global power, with waning influence of the Unites States and China’s rising as a dominant economic force.