Indonesia's President Prabowo Subianto has instructed his government to cut spending by 306.7 trillion rupiah ($18.8 billion) this year, a finance ministry spokesperson told Reuters on Thursday.Prabowo has frequently highlighted the need for efficient spending under his administration.

In the first phase, Indonesia gradually reduced KUR interest rates and expanded the pool of recipients, opening doors for MSMEs underserved by financial institutions, increasing the volume of loans, and boosting MSMEs’ confidence in using KUR financing to expand their businesses.

Flash flooding and landslides on Indonesia’s main island of Java have killed at least 21 people and damaged villages and rice fields.

Several lawmakers and central bank officials have been questioned. The investigation centres on whether the funds were used as intended for corporate social responsibility programmes.

Apple may have offered a new deal to the Indonesian government, which will likely go through within one or two weeks.

By Andy Home LONDON (Reuters) -Nickel ended 2024 trading at four-year lows, a spectacular reversal of fortune for a metal that soared so high in 2022 it almost broke the London Metal Exchange (LME). There is no mystery to this dramatic tale of boom and bust.

Indonesia is prioritizing domestic natural gas demand, leading to delays in LNG exports and tightening the global LNG market.

Indonesia's antitrust agency on Tuesday ordered Google to pay fines of around 202 billion rupiah ($12.4 million) for unfair business practices related to its payment system services for Google Play Store,

Indonesia is considering potential cuts to nickel ore supplies to help boost prices amid a global glut, in a move that could put the brakes on rapid production growth in the world’s largest producer of a metal critical to steelmaking and EV batteries.

Indonesia’s plan to force commodity firms to keep export earnings onshore for a year will create new challenges for companies that are already dealing with rising regulatory uncertainty.

Indonesia's President Prabowo Subianto has instructed his government to cut spending by 306.7 trillion rupiah ($18.8 billion) this year, a finance ministry spokesperson told Reuters on Thursday.