Weakness in manufacturing and maintenance work in North Sea oil and gas fields contributed to a 0.3 percent fall in gross domestic product from July, and the report also showed how a jump in inflation was hitting consumers.

The downgrade underscores heightening uncertainty over Asia's recovery from the COVID-19 pandemic as darkening growth prospects for the United States, China and the euro zone economies stoke fear of a global recession.

The high price of airline tickets is still being felt today with some ticket fares exceeding the ceiling prices set by the government.

Retail sales were expected to be under pressure in September, after a strong performance in the previous month, particularly due to sluggish automotive-parts and fuel sales, as inflation deepened its scourge on consumers' buying power.

Indonesian shipments of palm oil and its derivatives skyrocketed in August, pointing to a positive impact of the government’s decision to temporarily suspend export levies.

The United Nations' Development Programme (UNDP) joined on Tuesday the chorus of institutions and charities warning that a serious debt crisis is now taking hold in the poorest parts of the world.

The recent fuel hike is causing a downward spiral in consumer perception across the country, as shown by the central bank’s headline index.

From Tuesday, Japan will reinstate visa-free travel to dozens of countries, ending some of world's strictest border controls to slow the spread of COVID-19. Prime Minister Fumio Kishida is counting on tourism to help invigorate the economy and reap some benefits from the yen's slide to a 24-year low.

‘The picture for 2023 has darkened considerably’ says the World Trade Organization, slashing its global growth forecast and not ruling out a sharp worldwide contraction.

As economic predictions for 2023 range from global recession to strong recovery, Jakartans are wondering whether this is a time to cut back further or enjoy the day.

The decline in the rupiah’s exchange value has had a mixed impact on Indonesian businesses, with many expecting more pressure as input costs rise, while some stand to gain more revenue from customers paying in United States dollars.

OPEC+’s move to slash production by about two million barrels per day – which will further tighten global crude supply – will not affect Indonesia much now, experts say, but the decision serves as yet another reason for the nation to quickly address its oil net-import problem.

Indonesia is among the Southeast Asian markets that witnessed strong shifts toward non-cash payments, with an overall 30 percent growth in transaction volume from 2016 to 2021. This is expected to increase by more than five times by 2031.

Rising benchmark interest significantly impacts the landed house sector, considering 90 percent of its buyers were end-users -- or home-buyers -- who used property loans or housing loans (KPR).

The government has just released Presidential Decree No. 112/2022 on the acceleration of renewable energy development, to promote electricity production coming from renewable sources. One of the key points of the decree is to set the maximum electricity price purchased by state-owned electricity company PT PLN from producers of renewable electricity.

Manufacturing purchasing managers across Indonesia are confident about business prospects thanks to increasing orders.

Headline inflation continues its upward spiral as the government raises fuel prices, setting preconditions for higher transportation costs in the coming months.

Finance minister Kwasi Kwarteng sent shockwaves through financial markets when he published a mini-budget on Sept. 23, cutting taxes including the 45p highest rate of income tax, in a plan to be funded by vast government borrowing. 

The central bank expects core inflation to cool to below 4 percent by this time next year, a significant improvement from its year-end projection of 4.6 percent.

Neither Russia nor the West are willing to back down in their argument over what is causing disruption in food supply, meanwhile completely disregarding its impact on global food insecurity that might creep up on the world in 2023.

The global financial institution said that, following new rules on investment, the government now needed to reform its trade policies.

German consumer confidence remains on a record downward slide as Europe's largest economy faces soaring inflation and an energy crisis heading into winter, a key survey published Wednesday showed.

WTO Director-General Ngozi Okonjo-Iweala said Russia's war in Ukraine, the climate crisis, food price and energy shocks plus the aftermath of the Covid-19 pandemic were creating the conditions for a world recession.

Government interference in the Indonesia Investment Authority (INA) may impair the sovereign wealth fund’s efforts to attract investment to Indonesia.

The government decided to increase the price of subsidized Pertalite and Pertamax gasoline and Solar diesel on Sept. 3 to manage the energy subsidy quota not to exceed Rp 502 trillion (US$33.5 billion).

Indonesia is racing against time to improve its investment climate to drive exploration projects and meet its oil and gas production targets, but observers believe the country lacks a sense of urgency.

ADB President Masatsugu Asakawa said at the Manila-based bank's annual meeting started the previous day that the assistance is an urgently needed response to the crisis, which is "leaving too many poor families in Asia hungry and in deeper poverty."

Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan has inaugurated a hydrometallurgical nickel laterite production facility in the Indonesia Morowali Industrial Park in Morowali, Central Sulawesi.

Amid rising global interest rates and an escalating war in Ukraine, the World Bank remains largely positive about Indonesia’s economy.

In a bleak report titled "paying the price of war", the Paris-based organisation noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly.