Asian equities rose on Friday as investors looked to end the year on an optimistic note after US data showed the Federal Reserve's aggressive monetary policy was dampening inflationary pressures even as worries over COVID cases in China persist. 

The Industry Ministry has laid out plans to boost state revenue from manufacturing in 2023, claiming the sector could grow up to 5.4 percent next year despite weak international demand for Indonesia’s non-commodity goods.

While the country’s tourism and aviation industries were expected to book strong recoveries this year as borders reopened and pandemic restrictions were eased, worsening macroeconomic conditions impeded progress and pushed back the expected date of a full recovery.

Asian countries are bracing for an influx of Chinese tourists as COVID restrictions are dismantled, and while some are wary, operators in others are preparing packages such as hotpot buffets to cash in on the expected spike in travel.

The government is offering India and Saudi Arabia a chance to purchase stakes in Kertajati International Airport, also known as West Java International Airport (BIJB), in a move to boost the under-used facility.

The Customs and Excise Office has released a statement on a new ministerial regulation that becomes active on Jan. 1, 2023, as part of the government's efforts to simplify export procedures and boost trade.

More than three-quarters of the world's over 4.5 billion internet users live in countries where authorities punish online expression, according to Freedom House, which ranked China as having the worst environment for internet freedom.

The dollar steadied on Thursday after riding long-end US Treasury yields higher overnight, as initial optimism over China's reopening fizzled.

Indonesia is working to establish a new agency, as stipulated under a recent regulation on nuclear materials mining, to attract more foreign investors to help develop its nuclear energy industry.

Real estate investment in Asia-Pacific is projected to drop 5 to 10 percent year on year (yoy) in 2023, following a steep 25 percent yoy decline this year, amid tumultuous economic conditions that are weighing on sentiment. 

Russia retaliated on Tuesday against a price cap on its oil imposed by Western countries, while its forces were involved in heavy fighting around the bombed-out ghost town of Bakhmut in eastern Ukraine.

Asian equities were subdued on Wednesday, while the dollar held firm, with investors looking for direction after China took further steps towards reopening its COVID-battered economy.

The Tourism and Creative Economy Ministry has laid out its tourism targets for next year, but industry players have dismissed them as unambitious and say better public-private coordination is needed to support the sector in its ongoing recovery.

The government will discontinue subsidies for commuter line train (KRL) tickets for middle- to upper-income passengers, in a bid to reduce the burden on the state budget, while allowing policymakers to target the funds for lower- to middle-income users, as well as less favored regions.

The Indonesian electric vehicle (EV) industry ecosystem has attracted billions of dollars of commitments from foreign investors to the country this year, a boon that will face hurdles going forward.

Indonesia coal tycoon Low Tuck Kwong has emerged as the country’s richest individual, coinciding with a boom in his business amid the surge of commodity prices, partly due to geopolitical conflict, energy crisis and supply disruption in many parts of the globe.  

Stock markets gained while the US dollar softened on Tuesday after China said it would drop its quarantine requirements for inbound visitors, further easing three-year border controls aimed at curbing COVID-19.

Following the year's massive investments in metals and metal goods amid a commodities boom, analysts expect the trend to continue in 2023 and the years to come in line with the global energy transition.

President Joko “Jokowi” Widodo expects both the Greater Jakarta light rail transit (LRT) train and Jakarta-Bandung high-speed railway to operate around June or July 2023.

The government has granted BP, a United Kingdom-based oil producer, a 20-year extension on a contract to produce liquefied natural gas (LNG) in West Papua.

It’s said that “a picture is worth a thousand words”, and by that logic, a photographer is a storyteller, weaving ideas and messages that reach beyond the medium.

Asian stocks started on a positive note Monday, buoyed by gains on Wall Street last week although spiraling Covid-19 cases in China weighed on sentiment in thin holiday trade.

Incentives allocation to boost the adoption of electric vehicles (EVs) must focus on the types of vehicles that dominate the population in Indonesia, considering the country’s limited fiscal capacity.

Policymakers had hoped for 2022 to spur recovery from the COVID-19 pandemic, but geopolitical battles turned it into another year of economic crisis, sending ripples through Indonesia’s Group of 20 agenda.

The company has grown more aggressive in striking deals for its patents over the past two years to at least make up some ground.

A new study predicts that the average cost of data breaches will surpass US$5 million per incident in 2023, with phishing accounting for the majority of the attacks.

Bank Indonesia (BI) will introduce a new policy for local banks to match interest rates offered by foreign lenders, in a move to persuade exporters to keep their foreign exchange (forex) earnings at home in order to beef up the country’s reserves and maintain the rupiah’s stability.