China's exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as surging inflation and rising interest rates hammered global demand while new COVID-19 curbs at home disrupted output and consumption. 

Tens of thousands of Indonesian textile workers are on the chopping block as the industry faces a steep drop in exports while imported clothing eats away at its domestic market share.

US officials and G7 countries have been in intense negotiations in recent weeks over the unprecedented plan to put a price cap on sea-borne oil shipments, which is scheduled to take effect on Dec. 5 - to ensure EU and US sanctions aimed at limiting Moscow's ability to fund its invasion of Ukraine do not throttle the global oil market.

Central banks worldwide are raising borrowing costs in efforts to tame soaring consumer prices, but Turkey has bucked the global trend, with Erdogan calling higher interest rates his "biggest enemy".

A European diplomat briefed on the grain talks said Russian President Vladimir Putin was likely to use the need for an extension as a way to gain leverage and dominate a Nov. 13-16 G20 summit in Indonesia.

There are growing signs inflation could be brought under control, top bankers said at a summit in Hong Kong Wednesday, but geopolitical risks will continue to inject volatility and a global recession is still on the cards.

Europe needs its industrial companies to save energy amid soaring costs and shrinking supplies, and they are delivering – demand for natural gas and electricity both fell in the past quarter.

The two governments signed a memorandum of understanding in Abu Dhabi setting out the framework of the deal, Blinken said in a statement.

There is still a lot of room for improvement to increase production in Java.

Inflation slowed in October following a drop in a wide range of food commodities, but analysts expect the drop to be temporary as risks overshadow the economy in the remaining weeks of the year.

The government is banking on windfall income from the G20 Summit as well as the Global Tourism Forum – both to be hosted in Bali this month – and is upgrading facilities at the popular destination of Labuan Bajo in East Nusa Tenggara.

The Group of Twenty (G20) Second Health Ministerial Meeting in Bali, which concluded on Oct. 28, has produced a technical document outlining six crucial actions to be submitted for consideration during the G20 Leaders’ Summit in mid-November.

Asia's factory output weakened in October as global recession fears and China's zero-COVID policy hurt demand, business surveys showed on Tuesday, adding to persistent supply disruptions and darkening recovery prospects.

There are three options to retire coal-fired power plants earlier: write-off from PLN’s book, a spin-off with blended financing and independent power producer (IPP) refinancing.

The IMF has revised down its 2023 projection for Indonesia's GDP growth by 2 percentage points in view of three geoeconomic impacts that could affect trade in not just Indonesia, but the entire Asia-Pacific.

A major K-pop concert called Busan One Asia Festival, set for Sunday and expected to attract around 40,000 people, was canceled, while dozens of regional councils across the country have called off local festivals planned alongside the autumn foliage season and Halloween. 

We live in a digital world, and digital capabilities are now a critical part of an effective business strategy. The COVID-19 pandemic further accelerated this trend, creating new pressure on organizations to leverage digital capabilities in order to meet changing customer expectations.

The government is considering a plan to extend ongoing Jakarta-Bandung high speed railway megaproject to Surabaya, despite facing multiple delays on the existing development, in a bid to make the project more economically viable.

The Energy and Mineral Resources Ministry has extended its contract to supply gas to Singapore for five years from the initial expiry date of 2023.

At a joint news conference with US Secretary of State Antony Blinken, Joly said the two countries aimed to "further align our approaches" in the Indo-Pacific.

Charting a proactive path to recovery, a former finance minister, a prominent business representative and a high-ranking policymaker all agree that Indonesia must buttress domestic demand while keeping a lid on prices to emerge stronger from a worldwide crisis.

China's "sharp and uncharacteristic" economic slowdown is expected to drag on growth across Asia through the end of next year, the International Monetary Fund (IMF) warned Friday, darkening an already gloomy global outlook.

 China's economy is facing growing risks of slowing external demand in the fourth quarter, a commerce ministry spokesperson said on Thursday, adding that uncertainties were overshadowing growth in China's foreign trade.

Officials said no price range has been decided yet, however one person familiar with the process said the cap will be determined in line with the historical average of $63-64 a barrel - a level that could form a natural upper limit. 

China's fiscal deficit ballooned to an all-time high in the first nine months of the year, analysis of government data by Bloomberg showed, as a real estate crisis and tax rebates to boost a cooling economy emptied government coffers.

The government and the House of Representatives have approved the plan to impose an excise duty on packaged sugar-sweetened beverages (MBDK) in the 2023 State Budget although the implementation will still be dependent on the development of Indonesia's economic conditions next year.

Rolling crises linked to war, weather disasters and the pandemic have shaken global food systems and tipped millions into hunger and poverty.

Foreign direct investment (FDI) jumped 63.6 percent annually to Rp 168.9 trillion (US$10.81 billion) in this year’s third quarter, hitting a multi-decade high, but a global economic slowdown casts a dark shadow over next year’s outlook, the government has cautioned.

Reuters calculations based on Chinese customs data on Monday showed shipments of Chinese goods to Russia rose 21.2 percent from a year earlier in dollar terms, slowing from a 26.5 percent increase in August yet outperforming China's overall export growth of 5.7 percent by a large margin, as interest rate hikes to curb red-hot inflation in major economies weakened demand for Chinese goods. 

Data published last year by Indonesia's central statistics agency show the number of fishermen working in the country has dropped by more than 10 percent in the past decade.