Previously, National Economic Council (DEN) chairman Luhut Pandjaitan said a plan to extend the high-speed railway line to Surabaya was moving forward.

The housing ministry and Lippo Group have launched an initiative to build compact houses of a minimum 14 square meters to tackle Greater Jakarta's housing shortage for low-income earners.

Stocks dived in early Asian trade on Friday, led by a selloff in US futures, while oil prices jumped after Israel conducted a military strike on Iran, sending investors scurrying to safe havens such as gold and the Swiss franc.

The extension would connect 12 stations in key areas, including Ciputat, Pondok Cabe, Pamulang and Serpong, along a 22.6-kilometer elevated track.

A former Prabowo aide has accused the Finance Minister of overreach by hampering the administration's efforts to establish a new agency to improve state revenue, as promised on the campaign trail last year.

Airbus revised up its forecast for airplane demand over the next 20 years on Thursday, telling investors and suppliers the air transportation industry was expected to ride out the current wave of trade tensions.

Global stocks and the dollar slipped on Thursday as investors sized up a benign US inflation report and the fragile trade truce between Washington and Beijing, while rising tensions in the Middle East and lingering tariff anxiety dented risk sentiment.

Talks between Indonesia and the United States remain in limbo just days ahead of a deadline both parties set for reaching a trade deal to avert punishing US import tariffs that would effectively shut off the world’s largest consumer market for many Indonesian products.

Indonesian investment platform Pluang became the first to expand to the Philippines and to offer access to United States regulated fractional stocks.

President Prabowo Subianto has stressed the need for increased investment in national defense to safeguard the country’s sovereignty and independence.  

The company poured Rp 500 billion (US$30.7 million) in investment for a facility that will produce various models of Mercedes-Benz Axor trucks and specially designed Mercedes-Benz bus chassis tailored for the Indonesian market.

Energy and Mineral Resources Minister Bahlil Lahadalia has dismissed allegations linking former president Joko “Jokowi” Widodo to nickel mining activities in Raja Ampat.

The deal may keep the Geneva agreement from unravelling over dueling export controls, but does little to resolve deep differences over Trump's unilateral tariffs and longstanding US complaints about China's state-led, export-driven economic model.

The state-owned bus operator has received 70 new electric buses from China for plying Transjakarta routes by the end of June.

Finance minister Rachel Reeves is set to address parliament around midday, outlining her spending review in the hopes of boosting the country's sluggish growth, which risks added pressure from US President Donald Trump's tariffs onslaught.

The shutdown of the 20-year-old airline next month will result in up to 500 job losses, a Qantas spokesperson said, and Jetstar Asia's fleet of 13 Airbus A320 planes will be redeployed to Australia and New Zealand.

The plant is also expected to begin producing so-called green steel, in line with current trends toward for lower-emission manufacturing processes.

Data from the Mandiri Spending Index show that middle- and upper-class consumers drove spending growth during both the Ramadan-Idul Fitri holiday and postholiday periods this year, albeit not as much as compared to last year.

Waning interest in public-private partnerships could pose a risk to President Prabowo Subianto’s infrastructure agenda, which still largely depends on private investment.

The government has revoked four licenses for nickel mining operations in Southwest Papua’s Raja Ampat regency, but not the one for the most advanced project on Gag Island, despite mounting pressure from environmental groups and the wider public.

The cluster of islands and shoals in Southwest Papua Province sits in the Coral Triangle and is thought to be one of the world's most pristine reefs, with its clear blue waters making it a popular diving spot.

Automakers are hoping for an uptick in sales from the upcoming GIIAS as both factory shipments and retail sales remained weak in May, declining by double digits year-on-year as slowing economic growth continued to weigh on demand.

The redefinition is being worked on by the National Economic Council alongside Statistics Indonesia (BPS), the National Development Planning Agency (Bappenas) and the Statistics Society Forum. Indonesia last revised its poverty line in 1998.

Venture capital firms are shifting investments toward tried and tested businesses in Indonesia as the country’s start-up scene faces a prolonged funding winter.  

Real Estate Indonesia (REI) has suggested that the government address structural issues plaguing high-rise living instead, ranging from unrealistic pricing benchmarks to frequent conflicts in poorly managed apartment communities.

Asian stocks squeezed out more gains Tuesday as the latest round of China-US trade talks moved into a second day, with one of Donald Trump's top advisers saying he expected "a big, strong handshake".

GE HealthCare, in partnership with PT Kalbe Farma subsidiary Forsta, inaugurated Indonesia’s first CT scanner factory on June 2. GE HealthCare international president and CEO Elie Chaillot spoke to The Jakarta Post’s Ruth Dea Juwita two days later about the global medical technology company’s further plans in Indonesia’s burgeoning medical equipment industry.