Soaring inflation has prompted consumers to pinch pennies, but the growing trend could eventually hurt the economy.

Policymakers will seek to offset the effects of a planned increase in the subsidized price of Pertalite motor fuel with a bump in social assistance spending, a minister has said.

State-controlled venture capital outfit the Merah Putih Fund has received an operating permit from the Financial Services Authority (OJK) and is looking to collect Rp 4.44 trillion in the first quarter of 2023.

Worse is expected to come in January, when Ofgem next updates its cap, with average bills predicted to top £5,000 -- or more. 

Long COVID has "absolutely smashed" the labor market, says Australian Treasurer Jim Chalmers, as a survey shows the country's economy losing 3 million working days this year.

The government is aiming to rake in more nontax revenue through its new coal royalty scheme, which an analyst expects will cut into miners' net income by a maximum 6.5 percent.

Asian shares rose on Friday, buoyed by news of possible progress for China and the United States to hammer out an audit deal, while traders anxiously awaited a speech from Federal Reserve Chair Jerome Powell on rate-hike path later in the day.

The suspected data breaches from PLN and IndiHome, involving a huge chunk of private data getting sold and distributed on an online forum, shed light on how much Indonesia needs the new PDP bill.

The Communications and Information Ministry has said it would stick to its deadline for the analog switch-off (ASO) program, ensuring that the national transition from analog to digital television would be conducted by Nov. 2 this year. 

Bank Indonesia’s recent interest rate hike signals the first step toward a tighter monetary policy that would put pressure on corporate bonds.

Before the coronavirus crisis, 135 million suffered from acute hunger worldwide, said Corinne Fleischer, the WFP's regional director, told Reuters. The numbers have climbed since and are expected to soar further because of climate change and conflict.

After a meeting with the President on Wednesday, Coordinating Economic Minister Airlangga Hartarto announced that the cost of the second phase of the MRT expansion has increased by 15.5 percent from its initial estimation to Rp 26 trillion (US$2.5 billion).

The additional planes will bring the total fleet of both Garuda and Citilink to 126 units, double the amount they currently have. 

ONE Championship CEO Chatri Sityodtong spoke to The Jakarta Post about the growing business of the sports entertainment start-up, expansion plans and a breakthrough to air on streaming giant Amazon Prime Video to sway the North American market. 

The US dollar edged back from near a two-decade peak against a basket of major currencies on Thursday as investors looked to a speech by Federal Reserve Chair Jerome Powell the following day for fresh clues on the path for monetary policy.

A fleet of 14 trains provided by French industrial giant Alstom to the German state Lower Saxony will replace the diesel locomotives on the 100 kilometers of track connecting the cities of Cuxhaven, Bremerhaven, Bremervoerde and Buxtehude near Hamburg.

The kingdom's economy has not bounced back after fully re-opening to tourists earlier this year, and has been battered by 14-year-high inflation and the economic knock-on effects of the Russian-Ukraine war.

PT Adhi Karya (ADHI) is seeking to raise trillions of rupiah in a rights issuance scheduled for October to finance the state-owned firm’s infrastructure projects, including a toll road linking Yogyakarta to its nearby international airport.

Coal will still become one of Indonesia’s key growth drivers in years to come, despite a steady shift to renewable energy, as the ‘black gold’ commodity prices are poised to remain elevated due to robust demand amid supply disruptions.

The price of chicken eggs at the consumer level is up nearly a quarter from last year, setting a new record for the staple food and far exceeding the general inflation rate, as industry representatives blame government aid programs for causing a rapid spike in demand.

Had the pandemic not happened, the proportion of people in the region facing extreme poverty could have eased to 2.9 percent in 2020 instead of rising to 5 percent.

Indonesia may provide another Rp 200 trillion worth of subsidies if no decision is made to increase the price of subsidized fuel, as consumption is once again projected to exceed expectations.

China's autumn harvest is under "severe threat" from high temperatures and drought, authorities have warned, urging action to protect crops in the face of the country's hottest summer on record.

US Commerce Secretary Gina Raimondo and Trade Representative Katherine Tai will co-host the meeting with ministerial-level officials from the 13 other members of the Indo-Pacific Economic Framework, including Australia, India, Japan and South Korea. 

Indonesia's central bank could also add to the gloom, if it delivers a surprise interest rate increase at its scheduled policy meeting. Economists polled by Reuters expect it to hold its 7-day reverse repo rate steady at 3.50 percent. 

United States aerospace giant Boeing worked with civil aviation regulators and aircraft operators in the Southeast region to enhance operational safety through a two-day aerospace safety symposium on Tuesday and Wednesday.

Bank Indonesia has raised its benchmark rates for the first time in five years in a "preemptive" move to anticipate rising core prices, while warning that headline inflation could exceed 5 percent by the end of the year.