Indonesia’s economic situations

KN. Trade Minister Budi Santoso said Indonesia is actively pursuing negotiations with the United States to reduce tariffs following the imposition of a 10 percent duty on Indonesian exports. He…

Rupiah falls

KN. Indonesia’s rupiah hit 18,028 against the U.S. dollar, despite recent central bank efforts to provide support. The resulting pressure on trade balances has contributed to capital outflows and weaker…

Military budget swells as roles expand to civilians

KN. Strengthening national defense has long been a priority for President Prabowo Subianto and dates back to his tenure as defense minister. There is no doubt about his administration’s focus…

U.S. Import Tariffs

KN. Trump administration has proposed tariffs of up to 12.5 percent on imports from 60 countries after determining that those countries had failed to curb trade in goods made with…