Bank Indonesia, which surprised markets this week by cutting interest rates ahead of the Federal Reserve, is expected to keep lowering borrowing costs this year, but at a slower pace than in the US.

Indonesia's central bank delivered its first rate cut in more than three years on Wednesday, just hours ahead of the widely expected start of the U.S. Federal Reserve's easing cycle in efforts to bolster growth in Southeast Asia's largest economy.

Bank Indonesia has joined the growing ranks of central banks that are lowering rates, delivering a cut on the cusp of a Federal Reserve meeting that could start the easing cycle in the U.S.

Indonesia's tax agency is investigating an alleged data breach that exposed the taxpayer identification numbers of millions of Indonesians, including President Joko "Jokowi" Widodo, his ministers and his two sons,

Indonesia's tax agency is scrutinizing a potential data breach that reportedly exposed the taxpayer ID numbers of millions, including President Jokowi and his cabinet. This incident is part of a rising trend of cyber-attacks attributed to poor data protection measures.

This latest incident follows a series of cyber-attacks that have plagued Indonesia in recent months. In June, a ransomware attack crippled several government services, including immigration and major airport operations,

Indonesia's parliament on Thursday passed President-elect Prabowo Subianto's maiden budget for 2025, with spending set at 3,621.3 trillion rupiah ($237 billion) and the fiscal deficit projected to be 2.

Indonesia’s parliament approved a $237-billion state budget that will help President-elect Prabowo Subianto get his administration and growth ambitions up and running next month.

JAKARTA (Reuters) - Indonesia's key parliamentary budget committee on Tuesday approved increased spending for the incoming government of president-elect Prabowo Subianto while maintaining the fiscal deficit at 2.53% of GDP, its chair said.