Indonesia Financial News

Global trade is forecast to grow, albeit less robustly, as the world reacts to U.S. President Donald Trump's tariff policies, Germany's DHL Group CEO Tobias Meyer told Reuters on Wednesday. «That outlook is mainly based on the 75% of global trade that does not touch the U.S.,» said Meyer, who noted that segment is seeing positive momentum. The global goods trade is expected to expand at a compound annual rate of 3.1% from 2024 to 2029, a modestly faster pace than during the preceding decade, according to the DHL Trade Atlas 2025 prepared by delivery firm and New York University's Stern School of Business.

central banks are getting a painful refresher in economic theory. Monetary authorities in China, India and elsewhere have waged a prolonged campaign against the strong dollar, using a mix of official reserves and opaque derivatives trades to defend their currencies. But their moves have pushed up borrowing costs for local banks just when slowing economies need more liquidity. China’s overnight and seven-day repo rates surged in February, while bond investors took losses from a sharp rise in yields. Banking liquidity in India suffered its highest deficit in at least 14 years earlier this year and overnight borrowing costs jumped. Liquidity also dried up in Indonesia and Malaysia following central bank currency interventions. These moves are explained by what economists call the impossible trinity, the idea that countries can’t simultaneously control their currencies, independently set interest rates and allow capital to move freely across borders. Something will break or give way.

United States officials are searching across oceans to find enough eggs to ease a shortage that’s sent prices soaring, forcing grocery stores to limit customer purchases and restaurants to add surcharges.

External Affairs Minister Dr S Jaishankar, currently on a visit to the United Kingdom, has addressed key global economic issues, including the role of the US dollar, BRICS' position on de-dollarisation, and the internationalisation of the Indian rupee. Speaking at Chatham House in London, he dismissed speculation that India is working to replace the US dollar as the world’s primary reserve currency. «I don't think there's any policy on our part to replace the dollar. As I said, at the end of the day, the dollar as the reserve currency is the source of international economic stability, and right now, what we want in the world is more economic stability, not less,» he said.

The consumer price index fell 0.09% year-on-year last month, the first annual measure of deflation since March 2000, and well below market expectations for 0.60% inflation. It was the second month in a row the annual CPI rate has come in below the central bank's inflation target range of 1.5% to 3.5%. January's inflation rate was 0.76%.

TVS Motor are set to be in focus on Friday after the Indian automaker launched two new three-wheeler models—TVS King Duramax Plus and TVS King Deluxe Plus—in Mexico, marking its latest push into the Latin American market. The company unveiled the vehicles in Oaxaca, with plans to make them available to consumers next month through Motomex, its official distributor in the region. The TVS King Duramax Plus features a 225 cc liquid-cooled engine, LED headlamps, tubeless tires, and additional storage options, while the TVS King Deluxe Plus is equipped with a 200 cc engine and one-touch starting functionality.

Subscribe to enjoy similar stories. Foreign institutional investors have called it quits on Asian equities after US President Donald Trump’s America First policy triggered global trade policy uncertainty. A likely shift in world trade dynamics due to potential reciprocal tariffs could hurt the economic prospects of Asian economies.

Autotech and financial solution provider CarDekho Group on Tuesday announced its foray into the UAE market. The company has tied up with Raya Holdings to redefine the car-buying journey for UAE consumers.

Indonesia and Apple Inc. have agreed on terms to lift the country’s ban on iPhone 16s, said people familiar with the matter, paving the way to end a five-month tug-of-war that forced the US tech giant to raise its promised investment in the country to $1 billion.

electric aircraft startup ePlane Company has announced a strategic collaboration with Dubai-based Empire Aviation Group to integrate business aviation solutions and take ePlane’s aircrafts international. The collaboration aims to fast-track the deployment of electric Vertical Take-Off and Landing (eVTOL) air-taxis and air-ambulances across India, UAE, Thailand, and Indonesia, the startup said.

Subscribe to enjoy similar stories. Indra Kantono, co-founder of the multiple award-winning Jigger & Pony, one of Singapore’s top bars, visited India for the first time recently. In Mumbai, bartenders and restaurateurs thronged his masterclass on growing a great bar brand at The Oberoi’s Eau Bar, which was organised in association with The House of Suntory.

Tariff does not protect any country and India needs to cut tariffs for its own good, irrespective of who tells India to do so, NITI Aayog CEO BVR Subrahmanyam said on Friday. Addressing the 69th Foundation Day of All India Management Association (AIMA), Subrahmanyam further said that being open to the world has to be among the top five priorities of India if it wants to become a developed country.

Saudi Arabia has announced a significant visa policy change affecting travelers from 14 countries, including India. The government will now issue only single-entry visas for tourism, business, and family visits, suspending the previous one-year multiple-entry visas indefinitely.

Bharti Airtel’s annual capital expenditure will fall sharply in FY25 and FY26 compared with the record Rs 33,000 crore seen in FY24, as the nation’s second-largest telco has concluded its 5G rollout and won’t be spending extra cash on 4G capacity expansion going forward, its vice-chairman and managing director Gopal Vittal said.

Officials say Indonesian authorities have ordered the halting of development of a tourism project affiliated with U.S. President Donald Trump over water management and environment issues

A new coalition of nonprofits came together overnight to challenge a seemingly sweeping order from the Trump administration last week pausing trillions of dollars in federal funding

Subscribe to enjoy similar stories. The backdrop of the monetary policy committee (MPC) meeting later this week is a complex one. Growth momentum has slowed in 2024-25.

Most countries in fast-growing Southeast Asia are looking to develop nuclear energy in their quest for cleaner and more reliable energy

Subscribe to enjoy similar stories. The BOE looks set to do something it hasn’t often done in the past: diverging from the Federal Reserve. The Bank of England is set to join a growing number of central banks that are pressing ahead with cuts to their key interest rates, even as the most important central bank goes on a pause of uncertain duration.