Data from industry association Gaikindo show that 484,236 new cars were sold from factories to dealers in the first seven months of 2024, which is down 17.5 percent from the same period last year.

Asian shares rose and the dollar nursed losses on Wednesday after soft US producer prices data stirred hopes that consumer price inflation would be benign, sending bond yields lower.

Global investors are turning bearish on once-favored Japanese stocks following last week's turbulence as they reassess economic prospects and the viability of yen-funded trades.  

Chinese airlines are gaining market share on international routes, industry data shows, as foreign rivals are deterred by weak China travel demand and rising costs and extended flight times because of the need to avoid Russian airspace.

The Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) has complained that vacancies in oil and gas projects run by Indonesian companies remain unfilled because qualified professionals are hired by foreign companies for projects abroad.

Asian shares are ending a rough week on a high as Japanese stocks are close to recouping all of the huge losses from Monday, while the yen slipped again as markets pared back the chance of an outsized US rate cut.

However, an expert cautioned that declining purchasing power in the domestic real sector could force companies to delay expansion and refinancing plans, thereby reducing their need for bond financing.

The decline is mostly driven by unit-linked products that insurers placed in stock and mutual fund instruments.

Tech shares led a selloff in stock markets around Asia, while the yen and US bonds rebounded, as global investors struggled to find their footing in a wild week for markets.

Asian stocks rose again Wednesday as some stability returned after a volatile start to the week, though Tokyo saw more big swings and the yen weakened further as analysts warned more upheaval could be in store.

Asian equities rallied Tuesday after the previous day's global rout fuelled by US recession fears that have led to calls for the Federal Reserve to cut interest rates before its next meeting.

The association has blamed P2P loans as one of the prominent causes behind the bad credit history of potential homeowners, citing that 40 percent of mortgage applications were turned down by banks because of this reason.

The government is waiting for follow-up from China's Sinopec on five depleting oil fields operated by Indonesia's Pertamina EP.

Share markets tumbled and bonds rallied in Asia on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering that rapid fire rate cuts will be needed to rescue growth.

The energy ministry's Geological Agency has proposed that two potential rare earth reserves in West Sulawesi's Mamuju regency be designated as new mine operating permit areas (WIUPs) amid the government's push to develop the rare earth downstream industry.

Tokyo led losses across Asia on Friday due to a stronger yen and expectations for more Japanese rate hikes, while disappointing data sparked a plunge on Wall Street and fuelled fresh fears of a US recession.

The Chinese special administrative region pitches itself as hub for tech and finance and highlights proximity to the mainland market as reasons for Indonesian firms to set up shop.

Agriculture Minister Amran Sulaiman said on Monday that he assured these foreign procurements were temporary and the government would make effort to reduce reliance for imports.

Asian markets edged down Tuesday as investors jockey ahead of a slew of central bank decisions, key economic data and earnings from tech titans this week.

Asian markets rallied Monday, tracking a surge on Wall Street after data showing US inflation slowed further in June stoked hopes the Federal Reserve will cut interest rates.

The Batang integrated industrial park already hosts nearly 20 companies in 10 percent of its total area of 4,300 hectares, including South Korea's LG Energy Solution and glass maker KCC Glass.

Asian markets tumbled Thursday after a tech-fueled sell-off saw Wall Street tank, as disappointing earnings caused traders to panic that a months-long rally in the sector may have been overdone.

Government officials say no decision has been made to buy Russian oil but have not ruled out such purchases in the future.

Aircraft orders unveiled at Farnborough Airshow this week focused chiefly on the wide-body market, reflecting the desire of airlines to meet a revival in long-haul demand despite production woes.

The IDX Composite Index closed in the red on Tuesday, dropping 0.11 percent to 7,313.85 amid major bank stock declines. The day's trading volume was low, with Rp 8.31 trillion in transactions and mixed sectoral performance.

Asian shares slid anew on Monday, getting little lift from a surprise rate cut by China's central bank, while Wall Street futures firmed in the wake of President Joe Biden's decision to bow out of the election race.

Expectations for the IDX Composite dimmed amid concerns over the incoming government’s policy and uncertainty about the central bank’s interest rate cut.