Ramos-Horta named them as potential investors as the country is making a push to break a stalemate with Australia and Sunrise operator Woodside Energy Group over how to develop the gas fields - either by piping the gas to Timor Leste or to Darwin in northern Australia.

Indonesia is at the forefront of biofuel advancement worldwide, especially with regard to biodiesel, both in terms of blending rate and production scale, but its contribution to decarbonization is questionable since the biodiesel is heavily dependent on palm oil as the sole feedstock, risking further environmental damage resulting from unsustainable oil palm plantation practices.

Tariffs for goods transportation are projected to increase by a minimum of 20 to 25 percent, as fuel composes around 40 to 60 percent of logistics costs.

Global pressures are still very high in 2022. The world economy still has to face several risk factors from now on due to global inflationary pressures, the continuing war between Russia and Ukraine, geopolitical tensions in several countries and aggressive worldwide monetary policy tightening.

German industrial orders slumped for the sixth consecutive month in July, official data showed Tuesday, raising the specter that a recession was looming in Europe's biggest economy.

Business travel budgets are projected to rise in 2023 as companies benchmark against pre-pandemic levels of travel spending despite growing uncertainty over the economic outlook.

The Centre for Research on Energy and Clean Air called for more effective sanctions against Moscow after the invasion sent oil, gas and coal prices soaring.

Economists warn that yesterday's decision to raise subsidized fuel prices could disproportionately impact lower-income households, force the central bank's hand in expanding its rate hike to double the initial assumption and propel the country into stagflation.

The measure will take effect on Dec. 5 for crude oil and Feb. 5 for petroleum products, Japanese Finance Minister Shunichi Suzuki told reporters after the virtual meeting that also involved Britain, Canada, France, Germany, Italy and the United States, plus the European Union.

It is estimated that around 63.4 percent of potential Indonesian house buyers are millennials or members of Gen-Z.

The headline inflation rate dropped for the first time since February as the consumer price index came in lower than expected in August, data from Statistics Indonesia (BPS) show.

The manufacturing industry improved at the fastest pace in four months on the back of rising demand.

The Japanese currency weakened to its lowest level against the dollar since September 1998 after hitting 139.38 on July 14.

"The objectives of Sri Lanka's new Fund-supported programme are to restore macroeconomic stability and debt sustainability," the statement said, outlining the 48-month long arrangement under the IMF's Extended Fund Facility.

European governments fear Moscow could extend the outage in retaliation for Western sanctions imposed after it invaded Ukraine and have accused Russia of using energy supplies as a "weapon of war". Moscow denies doing this and has cited technical reasons for supply cuts.

Southeast Asia will see growing oil and gas demand in the coming years as it sustains impressive economic growth.

SAI20 chairwoman Isma Yatun said the document would be delivered to the Group of 20 Summit in November to be “reflected” in the G20 leaders’ declaration.

Several studies have highlighted the importance of a cashless society. Boston Consulting Group research in 2019 showed that cash is no longer king. In fact, in the macro context, economies that are more cash intensive tend to grow slowly and miss out on significant financial benefits.

In the face of global economic challenges, the government might want to fret less about fiscal consolidation and more about a sustained recovery, Moody’s Analytics suggests.

Speaking at a public lecture in the S. Rajaratnam School of International Studies, Airlangga said that as the COVID-19 situation is improving and the economic activities starting to pick up pace, the government expects that it can pay more in subsidies as domestic fuel consumption soars.

Russia's economy took a hit from sweeping Western sanctions that followed Moscow's move to send tens of thousands of troops into Ukraine on Feb. 24. But the economic aftermath has proved not to be as painful as initially feared. 

"It won't come back ... It is the bitter reality," Robert Habeck said in a panel with European Commission President Ursula von der Leyen.

The dollar index scaled to a fresh two-decade peak of 109.4 in early Asia trade, with greenback strength pushing other major currencies to new lows and putting pressure on its emerging markets counterparts.

Powell said the Fed will raise rates as high as needed to restrict growth, and would keep them there "for some time" to bring down inflation that is running at more than three times the Fed's 2 percent goal.

Soaring inflation has prompted consumers to pinch pennies, but the growing trend could eventually hurt the economy.

Worse is expected to come in January, when Ofgem next updates its cap, with average bills predicted to top £5,000 -- or more. 

Long COVID has "absolutely smashed" the labor market, says Australian Treasurer Jim Chalmers, as a survey shows the country's economy losing 3 million working days this year.

Bank Indonesia’s recent interest rate hike signals the first step toward a tighter monetary policy that would put pressure on corporate bonds.

Before the coronavirus crisis, 135 million suffered from acute hunger worldwide, said Corinne Fleischer, the WFP's regional director, told Reuters. The numbers have climbed since and are expected to soar further because of climate change and conflict.

After a meeting with the President on Wednesday, Coordinating Economic Minister Airlangga Hartarto announced that the cost of the second phase of the MRT expansion has increased by 15.5 percent from its initial estimation to Rp 26 trillion (US$2.5 billion).