Glembert
KN. Indonesia will resume reciprocal tariff negotiations with the United States next week. The discussions with the United States are not held on a daily basis, as Washington is also conducting similar negotiations with several other countries. However, the exact date for the next negotiation round has not yet been determined.
A year into the Prabowo-Gibran administration, pollster Indikator Politik Indonesia reported that 77.7 percent of respondents felt satisfied or very satisfied with their performance. About 20.8 percent said they were dissatisfied, and 1.5 percent didn’t know.
A new Bill to redenominate the rupiah in an effort to improve economic efficiency, maintain stability and improve the currency’s credibility. The planned redenomination is a form of the Indonesian government’s failure to prioritize essential measures, such as improving national productivity in pursuit of the 8 percent economic growth target.
Garuda Indonesia June 30 financial report notes five contingencies, all related to legal proceedings amid a IDR3.6 trillion capital injection from the sovereign wealth fund Danantara. The airline is facing lawsuits from Greylag Goose Leasing 1410 and 1446 Designated Activity Companies at the Singapore International Arbitration Centre (SIAC). It is also dealing with a suspension of debt payment request under the U.S. Bankruptcy Code’s Chapter 15. Garuda withdrew from the Chapter 15 process as part of its PKPU restructuring plan, filing a withdrawal notice on May 24, 2023, with the U.S. Bankruptcy Court in New York.
Indonesia has resumed shrimp exports to the United States worth IDR20.4 billion following the Cesium-137 (Cs-137) contamination issue. The development marks the restoration of global confidence in the quality and competitiveness of Indonesia’s fishery products. The shipments have been carried out in stages two containers were exported on October 31, followed by another two on November 1, two more on November 3, and one additional container on November 4. The ministry aims to ship more than 200 containers of shrimp this month that have met the certification requirements proving they are free from Cs-137 contamination.
The Constitutional Court (MK) has ordered the House of Representatives (DPR) to restructure all internal bodies to reflect women’s representation. The ruling requires not only female membership but also at least 30 percent female leadership in these bodies. Political parties in parliament have expressed readiness to comply, but the House has yet to decide on follow-up measures, including a possible revision of Law No. 17/2014 on the People’s Consultative Assembly (MPR), DPR, Regional Representative Council (DPD), and regional legislatures.
The Cepu Block has contributed around $35 billion (around IDR586 trillion) to Indonesia’s state revenue since it began production. EMCL operates the Cepu Block, which accounts for up to 30 percent of the country’s total oil output. The total contribution to the state through oil and gas revenue sharing from the first oil production in 2008 until 2024 has reached around $35 billion.
Local currency transactions (LCT) in trade between Indonesia, China, and Japan have increased. Perry said transactions with China reached $7 billion (IDR116.5 trillion). Transactions with Japan reached $5 billion (IDR83.2 trillion). In total, non-dollar transactions amounted to $12 billion (IDR200.37 trillion).
Indonesia’s imports from China reached $62.07 billion, representing 40.68 percent of total non-oil and gas imports. Japan ranked second with total non-oil and gas imports of $11.01 billion (7.22 percent), followed by the United States in third place with imports amounting to $7.33 billion (4.81 percent). The main imported commodities from the United States included machinery and mechanical equipment worth $1.41 billion, electrical machinery and equipment worth $770 million, and oil-bearing seeds and fruits worth $760 million.
Danantara Indonesia has announced 24 companies that qualified for the Selected Provider List in the first phase of its Waste-to-Energy (WTE) project, marking the start of the tender process on November 6, 2025. Most shortlisted firms are global players from China, which must form consortia with local partners such as state-owned, regional-owned, or private companies. The first phase will be implemented in seven cities Bali, Bogor, Bekasi, Yogyakarta, Tangerang, Semarang, and Medan. Since investing in incinerator technology, the country has reduced waste volume by 90 percent while generating electricity and reusable residue.
Indonesia’s government is ramping up efforts to hit a higher growth target in the final quarter of 2025, signaling renewed optimism about Indonesia’s economy amid steady consumer spending, a robust trade surplus, and expanding manufacturing activity.
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