Reuters previously reported on a large Indian coal deal involving the Chinese yuan, but the customs data underline how non-dollar settlements are becoming commonplace. 

President Joe Biden's team has been wrestling for months with various ways to ease the costs of duties imposed on Chinese imports during predecessor Donald Trump's tenure, as it tries to tamp down skyrocketing inflation. 

An expectation of harder times ahead is making Indonesian consumers somewhat wary about their economic prospects, but you wouldn't know it when visiting malls, as retail sales remain strong, for now.

"Verein der Kohlenimporteure (VDKi) expects significant volumes increases in the monthly import figures from September onwards," Alexander Bethe, the chairman of the German coal importers' group, said in reply to an enquiry by Reuters.

Favorable geographic and economic features, if utilized properly, can give Indonesia a competitive edge in the region as the country vies for investment at a time of global uncertainty, says the International Finance Corporation.

The unqualified imported steel products were imported from China and sold at a lower selling price, triggering unfair competition with the potential to damage the domestic steel industry producing similar products. 

Food security has become a strategic agenda for many countries, including Indonesia. The Food and Agriculture Organization (FAO) defines food security as the availability, at all times, of adequate food supplies of basic foodstuffs to sustain a steady expansion of food consumption and to offset fluctuations in production and prices.

United States was doing everything possible to engage in the region and promote the rules based international order to ensure everybody can prosper in peace and security.

China's export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to recover from a COVID-19-induced slump.

Elizabeth Rosenberg, a Treasury Department assistant secretary for terrorist financing and financial crimes, will visit Jakarta on Monday and Tuesday, and will visit Singapore, a major oil hub, from Wednesday through Thursday. 

Indonesia’s accelerated growth in the second quarter is a bright spot in an otherwise bleak global performance, and while analysts project further strong growth in the second half, the finance minister has cautioned about keeping tabs on external inflationary pressures.

Indonesia's economy expanded 5.44 percent on-year in April-June, slightly up from 5.01 percent in the previous three months, the Central Statistics Agency (BPS) said. 

Representatives from the food and beverage sector met with Trade Minister Zulkifli Hasan on Wednesday to discuss state support needed by the industry to boost exports of processed foods, as demand from traditional markets — especially China and the United States — waned. 

Delivery of health care in Indonesia faces myriad challenges: shortage of trained manpower, infrastructure deficits and fiscal challenges to name a few.

After a two-month slowdown, the country’s manufacturing sector performed strongly in July, despite being hit by supply-side inflation and waning export demand.

The drills -- China's largest-ever around Taiwan -- are a major show of strength after US House Speaker Nancy Pelosi infuriated Beijing by visiting the island.

The United States and the European Union can avoid recession and achieve a soft landing by bringing inflation down to an acceptable level, a US central bank official said Tuesday.

The number of foreign visitors in June was up 20-fold compared with the same month last year, according to Statistics Indonesia (BPS), after the government allowed tourists from more countries to enter Indonesia with a visa on arrival (VoA).

As a developing economy, Indonesia is prone to spillover effects from exit policies in advanced economies. Several externalities and key factors could significantly affect the government’s efforts to ensure a sustainable economic revival.

Inflation in July surpassed already-revised estimates by Bank Indonesia (BI) and the government as consumer prices rose at their fastest pace since October 2015.

After Wednesday’s 75-basis-point (bps) interest rate hike by the United States Federal Reserve, economists in Indonesia have called for Bank Indonesia to follow suit so as to safeguard the rupiah’s exchange value.

Gross domestic product fell at a 0.9 percent annualized rate last quarter, the Commerce Department said in its advance estimate of GDP on Thursday. Economists polled by Reuters had forecast GDP rebounding at a 0.5 percent rate. 

It was the second straight 75 basis point increase, and the fourth rate hike this year, as US central bankers move aggressively to cool the strongest surge in inflation in more than four decades, without derailing the world's largest economy.

Following a visit to Beijing by Indonesian President Joko “Jokowi” Widodo and other ministers, the two sides have announced their intention to explore new investment in Indonesia’s chemical, technology and energy industries.

Battered by Russia's invasion launched on Feb. 24, Ukraine faces 35 percent to 45 percent economic contraction in 2022 and a monthly fiscal shortfall of $5 billion and is heavily reliant on foreign financing from its Western partners.

The parallel structures of mirror-encased skyscrapers extending over 170 kilometres (more than 100 miles), known collectively as The Line, form the heart of the Red Sea megacity NEOM, a plank of Crown Prince Muhammad bin Salman's bid to diversify the Gulf state's oil-dependent economy.

Indonesia has an opportunity to maintain continued growth and recovery in the second half of the year, as long as it keeps the pandemic under control to maintain a positive consumption trend.

The greenback is now at a 20-year high against other world currencies, thanks in part to expectations that the Federal Reserve will increase its interest rates faster than most.

Saudi Arabia was the biggest recipient of Chinese investments over the period, with about $5.5 billion, according to the Shanghai-based Green Finance and Development Center (GFDC) in research published on Sunday.

The ministerial meeting will be hosted by US Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo, their offices announced in a statement on Sunday.