Latest News
Finance Minister Purbaya Yudhi Sadewa is turning his attention to Indonesia's booming illegal thrift trade, an enduring challenge that persists despite years of government crackdowns. Thrifting is deeply rooted in Indonesian culture, not only as a fashion statement but also as a way for many to make ends meet. Yet, Purbaya's latest move signals a renewed determination to protect the domestic textile and garment industry, which continues to struggle against a flood of cheap, second-hand clothing imports.
Barring any last-minute political twists, President Prabowo Subianto 's administration appears poised to crown Indonesia's second president and Prabowo's former father-in-law Soeharto as a national hero. The move would mark a dramatic turn in the country's reckoning with its authoritarian past, as no previous president had dared to officially honor the man whose 32-year rule was synonymous with repression, corruption, and nepotism.
The Ambassador of the United Arab Emirates (UAE) to Indonesia Abdullah Salem Al-Dhaheri is exploring cooperation and investment opportunities in Southwest Papua Province.
President Prabowo Subianto appears to have found in Finance Minister Purbaya Yudhi Sadewa a trusted figure capable of managing Indonesia's state finances with both discipline and political loyalty. In just a few months on the job, Purbaya has shown a willingness to take on elite power brokers, both within the government and from circles close to former president Joko "Jokowi" Widodo, without losing sight of President Prabowo's populist agenda.
Total realized investment value to South Kalimantan Province reached Rp25.7 trillion by the third quarter (Q3) of 2025, up Rp 16 trillion quarter-to-quarter (qtq) according to South Kalimantan Investment and One-Stop Integrated Services Office data. The achievement stems from 11,238 projects based on Investment and Downstream Industry Ministry/Investment Coordinating Board (BKPM) data, placing South Kalimantan in 16th in terms of total realized investment value.
Timor-Leste formally joined the Association of Southeast Asian Nations (ASEAN) during the group's summit in Kuala Lumpur, after a long wait, thanks in no small measure to the tireless support of Indonesia, which once brutally occupied the tiny territory.
The proposal to establish a family office, a private investment entity, from National Economic Council (DEN) head Luhut Binsar Pandjaitan has recently returned to the public spotlight after Finance Minister Purbaya Yudhi Sadewa rejected the use of the state budget (APBN) to fund the venture. Purbaya said the family office project must be developed entirely through DEN's own resources, emphasizing that the Finance Ministry had no role in designing or planning the project. Luhut responded by pointing to a misperception regarding the proposal, clarifying that the planned project had nothing to do with the state budget. Details of the initiative remain vague, however, so it is uncertain how the new entity will be structured and financed.
