Latest news and articles about Indonesian economy from NEX English
PT Federal International Finance (FIFGROUP) reported financing worth <strong>306 billion rupiah</strong> in the JATA 2 area during the first quarter of 2026, reflecting growing consumer confidence. This area includes several regions in Jakarta.
Financial market expert Reddy Okta predicts that the Indonesian Stock Price Index (IHSG) will experience calm movements with a slight upward trend next week. This comes as the market continues to consolidate following global and local influences.
The National Importers Association in Indonesia has called for a stronger role of importers in the Indonesian economy amid pressures from global conflicts, particularly the war in the Middle East. The association's president emphasized that these crises negatively impact international trade.
Food prices in Indonesia have seen a significant increase, with the cost of one kilogram of chili reaching <strong>85,200</strong> rupiah and eggs priced at <strong>32,700</strong> rupiah. This surge raises concerns about its impact on citizens' purchasing power.
Indonesian parliament member Robert Joppy Cardinal emphasized the vital role of the private sector in enhancing national economic stability during his statements in Jakarta. He pointed out the importance of collaboration between the government and the private sector in addressing global challenges.
The President of the Indonesian Logistics and Forwarders Association, Akbar Djohan, has called for a comprehensive study regarding the proposal to build four new ports in Bali. This call comes amid the need to improve connectivity between existing ports and supporting industrial sectors.
Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto, reaffirmed the government's commitment to maintaining public debt and budget deficit within acceptable limits during a press conference in Jakarta. He emphasized the importance of these measures for achieving national economic stability.
The Indonesian Oil and Gas Regulatory Agency announced that subsidized fuel distribution will remain under control at the beginning of 2026, as it is still below the national quota. The agency's head confirmed that distribution is proceeding well to meet citizens' needs.
Andri Rosiade, Vice Chairman of the Industry Committee in the Indonesian Parliament, emphasized the importance of developing a local petrochemical industry to address rising plastic prices. This statement was made in Padang, highlighting the impact of Middle Eastern conflicts on imported raw material costs.
Indonesian Textile Industry Association President, Jimmy Kartio, announced plans to utilize the trade agreement with the United States to revitalize the textile sector. The agreement offers tariff exemptions, enhancing the competitiveness of Indonesian products in global markets.
The Indonesian Stock Price Index (IHSG) opened lower today, dropping by <strong>40.75 points</strong>, equivalent to <strong>0.56%</strong>, reaching <strong>7,238.46 points</strong>. This decline reflects investor concerns amid market tensions.
Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartarto, announced that President Joko Widodo reaffirmed the government's commitment to maintaining the public debt ratio at <strong>40%</strong> of GDP, with a budget deficit set at <strong>3%</strong>. This declaration was made during a government meeting attended by around <strong>800</strong> officials.
On its 59th anniversary, PT Freeport Indonesia commemorated nine employees who lost their lives in unfortunate incidents over the past year. CEO Tony Winas expressed deep sorrow over the loss of these individuals.
Indonesian President <strong>Joko Widodo</strong> reaffirmed his government's commitment to maintaining <strong>subsidized gasoline prices</strong> to alleviate the financial burden on citizens. This announcement comes as the country faces increasing economic challenges.
Anthony Leong, the head of the Indonesian Young Entrepreneurs Association (HIPMI), has officially announced his candidacy for the presidency during the upcoming 18th National Conference in June. This nomination is a significant step towards enhancing the association's role in supporting the national economy.
Amid fluctuating geopolitical conditions, Indonesia has notably increased its rice stock to <strong>4.5 million tons</strong>, with expectations to reach <strong>5 million tons</strong> soon. This achievement reflects integrated efforts from the government and farmers.
The Indonesian government is working to stabilize airfare prices amid a global rise in aviation fuel costs. The State Minister emphasized that the increase in fuel prices directly impacts operational costs.
The Vice Chairman of the Trade Committee in the Indonesian Parliament, Nordin Halid, announced that the government's decision to keep subsidized fuel prices unchanged until 2026 will enhance the stability of the industry and the national economy. This decision comes amid increasing global economic challenges.
The Indonesian government has announced a series of measures to tackle the ongoing rise in raw material prices for plastics, driven by global geopolitical changes. This was revealed during a press conference at the presidential palace in Jakarta.
The Indonesian Minister of Energy and Mineral Resources revealed an ongoing study to change the pricing formula for base metals, targeting implementation by April 2026. These changes aim to improve price accuracy and enhance government revenues.
Indonesia has recorded a significant decline in its foreign reserves, which fell by <strong>$3.7 billion</strong> to <strong>$148.2 billion</strong> by the end of March 2026. This decrease is attributed to the repayment of external debts, despite positive foreign currency inflows from government bonds and taxes.
The Indonesian Ministry of Energy and Mineral Resources announced that nickel prices have stabilized at <strong>$17,000</strong> per ton following the implementation of production quota reductions. Prices had previously ranged between <strong>$14,000</strong> and <strong>$15,000</strong> per ton.
Indonesian Minister of Cooperatives, Ferry Juliantono, confirmed that the government aims to finalize the National Cooperative Law this year, reflecting its commitment to enhancing the role of cooperatives in the national economy. The new law seeks to update the legal framework for cooperatives in line with economic developments.
The Indonesian Ministry of Industry reports that the pulp and paper sector significantly contributes to the country's economic performance, accounting for 3.73% of GDP. The sector is expected to achieve exports worth $8.17 billion by 2025.
Indonesian Agriculture Minister Andi Amran Sulaiman announced expectations for a food surplus until May 2026, despite global challenges like climate change and geopolitical crises. The government is taking steps to ensure food supply stability.
The Indonesian Ministry of Transportation has announced a plan to enhance the implementation of a zero-accidents policy for oversized and overloaded trucks by 2027. This initiative aims to improve national transport safety and logistics efficiency.
The Indonesian Cabinet Secretary, <strong>Teddy Indra Wijaya</strong>, met with the President of the Indonesian Young Entrepreneurs Association, <strong>Akbar Himawan Buchari</strong>, to discuss the challenges and opportunities facing the small and medium enterprises sector in Indonesia.
The Indonesian Chamber of Commerce and Industry has emphasized the need for caution in facing global energy price fluctuations, highlighting their significant impact on production and distribution costs. This was stated by the chamber's vice president, Saran Simanjuntak.
Indonesia has witnessed a significant increase in gold and copper prices at the beginning of 2026, indicating the country's strong financial performance. This rise occurs amid unstable global economic conditions and reflects the resilience of the Indonesian economy.
The Indonesian government, led by Minister of Economy Airlangga Hartarto, announced its decision to maintain subsidized fuel prices until the end of 2026. This move aims to ensure price stability and enhance energy security amid global economic fluctuations.