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.

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

(Reuters) -Copper miner Freeport-McMoRan posted a drop in fourth-quarter production on Thursday and said that its costs would rise more than expected this year, sending the company's shares down more than 4%.

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,

JAKARTA (Reuters) - Indonesia's President Prabowo Subianto is considering pardons for prisoners linked to armed organisations in the restive easternmost province of Papua, including separatists, providing they renounce violence and abandon secessionist agendas, a senior minister said on Wednesday.

JAKARTA (Reuters) - Indonesia's new President Prabowo Subianto plans to spend 48.8 trillion rupiah ($2.99 billion) through 2029 to build the new capital city "Nusantara", with a target of relocating the government there by 2028, the project's chief said on Tuesday.

Indonesia aims to limit emissions growth to 23% by 2035 from 2019 levels through conserving forests and peatlands to mitigate pollution, according to a top official.

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.