The tourism industry is one of the industries hit hard by the COVID-19 pandemic since 2020. After three years, the tourism industry is showing a gradual recovery. Room occupancy rates in several areas have also shown good signs of recovery with several regions recording a pre-pandemic level.

Indonesia and the World Economic Forum (WEF) have signed a partnership to scale up the nation’s ocean ecosystem restoration and conservation efforts, in a bid to tap rapidly increasing demand for blue carbon credits and projects.

Inflation-pinched British consumers cut their shopping by the most in the key month of December in at least 25 years, official data showed on Friday, dashing hopes for a Christmas boost for the country's flagging retail sector.

A 25-basis-point increase of its benchmark interest rates in January is adequate to contain inflation, Bank Indonesia has suggested, which economists take to mean the central bank is done with monetary tightening.

Japan logged its largest-ever annual trade deficit last year, with the soaring price of energy and raw materials compounded by the dramatic fall of the yen.

US Treasury Secretary Janet Yellen and Chinese Vice Premier Liu He are to meet for talks on the global economy, sovereign debt issues and climate change.

The Indonesian economy in 2022 recovered from the COVID-19 pandemic and accelerated significantly amid a global economic slowdown and increasing uncertainty.

President Joko “Jokowi” Widodo has asked the banking sector to support the country’s downstream industries, which the government hopes will boost the country’s export value, as well as supporting economic growth.

China's economy grew last year at its slowest pace in four decades as it was hammered by Covid lockdowns and a property crisis but the forecast-beating reading raised hopes for a strong recovery as it reopens.

Exports grew faster than imports last year as natural resources remain the country’s primary source of revenue, but the December figures point to a slowdown in shipments from Indonesia.

China, the world's top oil importer, has continued buying Russian oil despite Western sanctions, after Russian President Vladimir Putin and Chinese leader Xi Jinping launched what they called a no-limit partnership before the war in Ukraine.

Tourism and Creative Economy Minister Sandiaga Uno has said the ministry will adjust the country’s foreign tourism strategy in response to a heightened risk of recession in developed economies this year.

Well-controlled inflation has helped consumers to stay optimistic throughout last year, but growth on retail sales stalled with the public choosing to prioritize spending on basic needs amid uncertainty.

This is among the weakest rates seen in nearly three decades, overshadowed only by the pandemic-induced downturn of 2020 and global financial crisis in 2009.

Moody's 2023 Asia-Pacific outlook cautions that even as the government remains focused on post-pandemic recovery, growing political tension ahead of the 2024 election could restrict further progress in economic reform.

Coal and crude palm oil are the country’s key export commodities, accounting for 18.77 percent and 12.14 percent of total exports from January to November last year, according to Statistics Indonesia (BPS).

"We have a new [Berlin] wall now," Finance Minister Sri Mulyani said.

The comments by President Joko "Jokowi" Widodo followed a meeting with Malaysian Prime Minister Anwar Ibrahim, who was making his first overseas trip since being elected last November. 

The lifting of the unofficial ban on Australian coal imports, which were halted in 2020 in a fit of Chinese pique over questions on COVID's origins, is the clearest sign yet of the renewed ties between them. The resumption is also a reminder of their economic interdependence as Australia's raw materials play a crucial role in fuelling the export-oriented economy of China, the world's biggest coal consumer and producer.

Even as the virus tears through its 1.4 billion people, the world's second largest economy is opening its borders from Sunday, a move that promises to unleash a wave of travellers eager for diversion after three years of strict curbs at home.

Analysts project modest loan growth next year for Indonesia's banking industry, citing looming uncertainties and unfavorable conditions stemming from the expected global downturn.

Indonesia’s financial services industry is experiencing accelerated digitization. Bank Indonesia (BI) and entities such as the Indonesian Payment System Association (ASPI) are behind major developments in the non-cash payments sector, aimed at driving financial inclusion at large.

The Finance Ministry has managed to surpass its 2022 state-revenue target, thanks to strong economic recovery and high commodity prices, allowing the government to achieve faster-than-planned fiscal consolidation with the budget deficit already falling to below 3 percent a year earlier.

The year 2022 was marked by what Adam Tooze, professor of history at Columbia University, called a “polycrisis”. The term, which means interlocking and simultaneous environmental, geopolitical and economic crises, clearly defined the global situation in 2022.

The unit strengthened to 129.52 per dollar at one point before easing slightly, and analysts tipped it to continue advancing as the BoJ changes tack with a shift out of negative interest rates tipped to be in the pipeline.

While the 3.8 percent on-year expansion was welcome, it was weighed by a 3.0 percent contraction in the key manufacturing sector in the final three months.

The manufacturing industry has entered the new year with optimism owing to high domestic demand over the year-end holiday and annual core inflation that remained well within the central bank's cap of 3.50 percent.

Gazprom said in a statement that exports outside the Commonwealth of Independent States (CIS) totalled 100.9 billion cubic metres compared to 185.1 billion in 2021.

Multiple global institutions have downgraded their expectations for Indonesia's gross domestic product (GDP) growth in 2023 as demand from major trade partners appears set to remain low.

Global consumption totaled around 185.60 million kiloliters, with China ranking top for the 19th consecutive year at 38.09 million kl, up 5.6 percent, according to data released by Kirin Holdings Co.