The currency has plunged from February levels of around 115 as the Bank of Japan sticks to its longstanding ultra-loose policies, designed to encourage sustainable growth in the world's third-largest economy.

Pluang cofounder Claudia Kolonas spoke to The Jakarta Post’s Deni Ghifari on Oct. 17 about how the start-up aims to be a part of Indonesia's effort to increase financial literacy and how it is handling the global macroeconomic turbulence.

Asian equities tumbled Thursday, tracking a sell-off on Wall Street, while the dollar regained its strength as surging inflation, interest rate hikes and recession fears returned to the fore.

The news came after data showed UK inflation jumped back above 10 percent in September on rampant food prices, as economic troubles pile up for beleaguered Conservative Prime Minister Liz Truss.

A new omnibus bill is poised to pave a way for politicians and lawmakers to tighten their grip on authorities in the financial industry, raising concerns among experts and professionals that it may undermine governance of the sector.

“In my personal opinion, Blibli will not be so different from Bukalapak or GoTo. I even think they’re somewhat late,” said Indonesian Digital Empowerment Community (IDIEC) chair Tesar Sandikapura.

The Transportation Ministry hosted the Aviation Dialogue themed “Financial Measures for Aviation Recovery” from Oct. 18-19 in Nusa Dua, Bali.

The Indonesian Trade Ministry has announced to refocus export of goods to non-traditional markets in a bid to offset the risk of reduced demand from major trade partners.

The government’s goal of eliminating extreme poverty is likely out of reach in the near future, says the National Team for the Acceleration of Poverty Reduction (TNP2K), a government think tank, as policymakers’ efforts and resources remain uncoordinated.

The Consumer Prices Index accelerated to 10.1 percent on an annual basis, up from 9.9 percent in August, the Office for National Statistics said in a statement.

The issue of imported versus locally produced rice is again creating a rift between the government and local farmers as the government aims to meet the deadline for finalizing its 2023 demand and supply planning.

Speaking during an international conference organized in the lead-up to the Group of 20 leaders summit in Bali, State-Owned Enterprises (SOE) Minister Erick Thohir said that since he enacted reform at the ministry to start consolidating state-owned companies, there has been a steady improvement in the firms' performance.

In Indonesia, southeast Asian pulp and paper producers are continuing to expand production, putting the country's remaining forests under pressure.

Asian shares were mostly higher on Wednesday, with US corporate earnings aiding sentiment, while traders awaited British inflation readings later in the day for clues on how hawkish central banks need to be to fight inflation. 

Singapore Prime Minister Lee Hsien Loong told a news conference in Canberra that the agreement would start with initiatives such as developing a list of environmental goods and services that could be given preferential trade treatment.

An omnibus bill finalized by the House of Representatives last month aims to revise some 15 laws on the financial sector, bringing in sweeping changes to rules on banking, insurance, the financial system stability committee (KSSK), fintech, carbon trading, a digital rupiah and much more.

Indonesia has once again missed its oil and gas production targets amid mounting pressure from a more competitive investment climate, signaling an urgent need for aggressive policy reform in the mining sector.  

The prolonged global energy crisis has been a critical point for countries around the world to review their energy-transition plan. Many believe that energy transition has become a secondary priority as countries race to strengthen their energy security amid the surge in fossil fuel prices.

The 28th ASEAN Transport Ministers (ATM) Meeting, led by Indonesian Transportation Minister Budi Karya Sumardi, produced several strategic agreements to bolster the region’s connectivity, including an air transport agreement with the European Union (EU).

European equities rose with sterling Tuesday after the UK government scrapped a controversial debt-funded mini-budget. Most Asian markets gained earlier in the day.

The world's largest financial institutions increased their backing of companies in the agriculture, forestry and land use sectors most responsible for deforestation in 2021, a new study showed on Tuesday.

Asia stocks nudged higher on Tuesday as the dramatic U-turn in British fiscal policy brightened investor sentiment, while the US dollar took a breather at its lowest levels in more than a week as a revival in risk-taking lowered its appeal. 

Indonesia’s trade balance suffered a major monthly blow in September as sluggish demand from key trading partners took a toll on export performance, particularly on “backbone” commodities such as coal and crude palm oil (CPO).

A world-first block-to-block air transportation agreement between the ASEAN and the European Union promises passengers an increased number of flights and more destinations for travel between the two regions.

China's National Development and Reform Commission has asked PetroChina Co, Sinopec and Cnooc Ltd to keep winter cargoes for domestic use, the report said, citing people familiar with the matter. 

Tokyo stocks ended lower on profit-taking following sharp gains on Friday and lackluster automakers amid fears over a possible US recession resulting from the Federal Reserve's aggressive interest rate hikes.

The long-awaited IPO of e-commerce platform Blibli aims to raise around US$530 million when it lists its shares on the Indonesian bourse next month.