Global share markets wavered on Monday as a run of soft US data suggested downside risks for this week's June payrolls report, while the hubbub over possible recession was still driving a relief rally in government bonds.

Micro, small and medium enterprises (MSMEs) make up 99 percent of all Indonesian businesses, accounting for more than 60 percent of the GDP and investment in the country.

The accord, reached during a visit by President Joko "Jokowi" Widodo to Abu Dhabi, will remove or sharply reduce duties on most goods traded between the Muslim countries. 

Petrol and diesel queues snaked through the capital for kilometres, though most pumping stations have been without fuel for days.

The government is optimistic that the budget deficit will drop to less than 4 percent of GDP this year despite increased spending to shield Indonesians from global shocks.

One of the three double-decker giant planes the company owns took off in the evening from Narita airport near Tokyo for the seven-and-half-hour trip to Hawaii.

For an importer, the surge in the greenback against the euro, yen or British pound is a plus, because it makes the products they buy cheaper.

The prices of Philippine bananas in Japan must be "fair" and reflect increasing production and logistics costs if the public wants to continue enjoying the same level of supply and quality, an agricultural attache at the Philippine Embassy in Tokyo said in a recent interview with Kyodo News.

Work to improve energy efficiency could create employment for millions of people as it would account for around 10 percent of all clean energy jobs, researchers have found.

Consumer prices in Indonesia rose 4.35 percent year-on-year (yoy) in June, marking a significant acceleration from the 3.55 percent rate reported for the preceding month.

Many lured by promises of large profits amid desperation of COVID-19 pandemic. 

Eurozone inflation accelerated to another record high in June, official data showed on Friday, as the consequences of the Ukraine war continued to hammer the European economy.

Pertamina now requires that customers register their vehicles on its website to buy subsidized gasoline or diesel. That way, the state-owned oil and gas company seeks to ensure the costly measure is not abused.

Russia’s invasion of Ukraine could accelerate the world’s transition to clean energy, Lord Mayor of the City of London Vincent Keaveny told The Jakarta Post.

In a meeting with the House of Representatives on Monday, BI deputy governor Destry Damayanti said the central bank was ‘verily concerned’ about inflation and would continue to monitor fluctuations of volatile prices.

Indonesia may be unable to meet increasing demand for coal from European countries that are looking to stock up on the dirty fuel source as they reduce energy imports from Russia.

The deal comes after the US ice cream brand announced last year it would stop marketing products in the Israeli-occupied Palestinian territories, saying that selling there was "inconsistent" with its values. Under the new arrangement Ben & Jerry's ice cream will be available to all consumers in Israel and the occupied West Bank.

The seasonally adjusted index of production at factories and mines stood at 88.3 against the 2015 base of 100, the Ministry of Economy, Trade and Industry said. The decline followed a decrease of 1.5 percent in April.

Major oil producers led by Saudi Arabia and Russia are expected to stick to a previously decided output boost at their meeting on Thursday, despite pressure to further increase production.

The government will require the use of its COVID-19 app PeduliLindungi for the purchase of bulk cooking oil in a bid to prevent hoarding or other malfeasance.

The state-owned electricity company has introduced cofiring at 32 of its coal-fired power plants as it vows to meet its renewable energy target by 2025, but activists question how big a difference that will make.

Speaking at the end of a summit of Group of Seven leaders in Germany, Draghi said it was not necessary for mines to be fully cleared from Ukraine's ports and that "there are corridors" in place to potentially allow cargo ships to operate.

National flag carrier Garuda Indonesia is seeking investors to aid its new business plan after the airline gained creditors' support to restructure its Rp 142 trillion (US$9 billion) of liabilities.

The dollar slipped against most major peers on Wednesday as a decline in US yields took some of the sheen off the currency, with investors mulling the risk of a recession from aggressive Federal Reserve rate hikes.

A consortium with an investment value of Rp 6.8 trillion (US$ 462.4 million) has started work to operate and expand Hang Nadim International Airport and turn Batam, Riau Islands, into a regional travel hub.

The electricity company has pulled the plug on its coal-fired power plant project in Indramayu, West Java, as the government struggles to make good on its emissions pledge.

Fresh Factory, a cold-chain fulfillment start-up, has secured early investment from local and foreign venture capital firms to expand its business.