#Sustainable Economy
Finance Minister to redirect state funds from BI to lenders starting September 12
Minister of Finance Purbaya Yudhi Sadewa has announced that idle state funds, held at the Indonesian Central Bank (BI), will be placed into the banking system beginning Friday, September 12, 2025 and allocated to state-owned lenders under the Himbara group of State banks as well as Islamic banks.
“Economic pressures, political missteps and security rivalry” drive Indonesia's unrest
A wave of protests across Indonesia stems from economic hardship, political misjudgments, and unresolved tensions between the country’s security institutions, with multiple actors exploiting the situation, says political analyst at the Institute for Policy Studies (IPS) Tarli Nugroho.
Govt asked to evaluate nat’l nickel industry structure to tackle oversupply, crisis
The Indonesian Nickel Miners Association (APNI) has called for urgent control over production and the implementation of national Environmental, Social and Governance (ESG) standards, following growing concerns over the structural oversupply of nickel that is putting downward pressure on prices and harming upstream industry players.
U.S.-Indonesia trade deal threatens national economy: Civil society groups
Civil society organizations are sounding the alarm over the recently made Indonesia-United States trade agreement, as it could endanger national economic sovereignty, undermine Indonesia’s energy and industrial policies, and deepen environmental and social harm.
UI-KIU co-host 9th ICSGS, highlighting sustainable development, halal industry
The 9th International Conference on Strategic and Global Studies (ICSGS) held in Kitakyushu, Japan, concluded on Sunday, July 20, 2025, signifying a major academic collaboration between University of Indonesia (UI) and Kyushu International University (KIU), with support from Utrecht University and Syarif Hidayatullah Islamic University.
Global network of Indonesian diplomats mobilized to support Danantara’s success
The Ministry of Foreign Affairs and the country’s sovereign wealth fund, Danantara, have joined forces in an attempt to elevate Indonesia’s global investment footprint.
Prabowo launches over cooperatives to boost grassroots economic sovereignty
President Prabowo Subianto launched the institutional establishment of 80,081 Red-and-White Cooperatives (Koperasi Merah Putih) across the nation’s villages and urban neighborhoods, marking a major leap in Indonesia’s grassroots economic reform agenda.
Indonesia, U.S. strike trade deal ahead of tariff deadline, Trump says
The United States and Indonesia have reached a new trade agreement, just weeks before punitive U.S. tariffs were set to take effect on Indonesian imports, U.S. President Donald Trump announced Tuesday evening, July 15, 2025.
Indonesia-U.S. agree to intensify reciprocal tariff talks ahead of August 1 deadline
Indonesia and the United States have agreed to intensify negotiations over reciprocal tariffs in the coming three weeks, following a high-level meeting between Coordinating Minister for the Economy Airlangga Hartarto and U.S. Secretary of Commerce Howard Lutnick, along with U.S. Trade Representative Ambassador Jamieson Greer.
EU Desk launched to strengthen investment collaboration with European Union
In a move to enhance economic cooperation and attract more investment from the European Union (EU), the Ministry of Investment and Downstream Industry/Investment Coordinaing Board (BKPM) has launched the EU Desk following the signing of a Cooperation Statement with the Delegation of the European Union to Indonesia.
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.
Airlangga Hartarto, from business to politics
Airlangga Hartarto is one of senior ministers under President Joko Widodo. He holds the position as the Coordinating Minister for Economic Affairs for the period of 2019-2024. A businessman by trait, Hartarto had connections with the New Order, by holding various positions during the reign of Soeharto. Hartarto has principles that have always made him successful in his business and later in politics, particularly things he learns from Mahatma Gandhi. As such, his principles are to avoid the seven things, namely, wealth without work, pleasure without consciousness, knowledge without character, business without morals, science without humanity, appreciation without sacrifice, and politics without principles. During his time, he held many companies, notably the Sorini Corporation, Bhisma Narendra, Jakarta Prima Crane, and Fajar Surya Wisesa. His success during the New Order and his experiences made him a prime candidate for Jokowi's cabinet.