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Explore nearby, spend wisely: intra-provincial travel boom

Many households are now exploring destinations closer to home to reduce expenditures.

Tourists visit Prambanan Temple in Sleman, Yogyakarta, on Thursday, January 2. The Tourism Ministry has set a target of 16 million foreign arrivals this year as the government seeks support from travel and hospitality businesses with more international flights boosting tourist arrivals.

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Prabowo scolds ‘bad’ SOEs directors behind closed doors

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Danantara to include Lotte petrochemical project

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Trump to reduce impact of auto tariffs, Commerce secretary says

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An employee arranges rupiah banknotes at Bank Mandiri in Jakarta on June 23, 2022. Currencies in Southeast Asia and around the world have dropped against the United States dollar this year as the Federal Reserve has hiked rates particularly fast.

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The 2024 banking industry outlook

There are two situations in 2024 that will affect the condition of national banking; first, the general election; second, indications of a weakening global economy.

Handcrafted: Everything about the recreation car is mainly made up by hands, therefore the process of creating a car could take from six months to one year period. (JP/Yohana Belinda)

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Tuksedo gives cars from the past a brand-new future

A family-owned workshop in Bali recreates classic cars for discerning customers and is now looking to include EV options.

Companies

Indonesia, ExxonMobil sign agreement on CCS, petrochemical projects

The government, along with state-owned oil and gas corporation Pertamina, inked two agreements with United States oil and gas giant ExxonMobil pertaining to advancing the progress on carbon capture storage (CCS) projects and exploring a potential petrochemical complex in Indonesia.

Global, then local: Kurobokan founder Paulus Hyu plays with his French bulldog, which inspired his Nimbus series. While the company relies mainly on overseas buyers, Paulus believes more customers enthusiastic about collectibles will emerge in and grow the domestic market.

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From Frenchie to fortune: Kurobokan spotlights Indonesia-designed toys

With quirky collectibles, Kurobokan puts Indonesia on the map in the so-called kidult market, proving that toys are for everyone, no matter their age.

Companies Updates

What's inside?: A visitor stands next to a module of an electric vehicle (EV) during the Gaikindo Indonesia International Auto Show on July 18, 2024, in Tangerang, Banten, showcasing the latest cars from 55 global automotive brands.

Companies

State-run mining firms court American investments

Experts warn that the success of these efforts will depend on Indonesia’s ability to reform its regulations, strengthen governance and provide greater legal certainty.

The Java Integrated Industrial and Ports Estate (JIIPE) in the Gresik special economic zone (SEZ) is ready to meet the needs of the industry.

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Chinese chemical giant GESC to build $600m chemical plant in Gresik

Companies

Chinese chemical giant GESC to build $600m chemical plant in Gresik

The first phase of the project will produce 120,000 tonnes of melamine, 150,000 tonnes of nitric acid and 200,000 tonnes of ammonium nitrate per year

Coordinating Economic Minister Airlangga Hartarto delivers a press statement at the State Palace on April 28, 2025, after meeting President Prabowo Subianto to report on the ongoing negotiations with Washington aimed at averting steep US import tariffs to be imposed on Indonesian-made goods.

Companies

Indorama to invest $2b in US as tariff talks go on

A company rooted in Indonesia is slated to invest US$2 billion in a blue ammonia project in the United States as part of what President Prabowo Subianto called a “win-win solution” in the ongoing tariff negotiations.

Laborers work in VinFast's factory in Hai Phong City, Vietnam, on April 22, 2021.

Companies

Vinfast triples sales but loses more than $3 billion in 2024

The communist nation's first homegrown car manufacturer is aiming to compete with global EV giants such as Tesla but has struggled to break into the international market.

Boxes of battery cells are stored for shipment on August 28, 2024, at the manufacturing plant of PT HLI Green Power, Indonesia's first electric vehicle battery cell manufacturer, in Karawang, West Java.

Companies

CATL slashes funding for Indonesian EV battery project by 65%

The Chinese investor has cited weak global demand and shifting market dynamics as reasons for the cutback, which comes on the heels of LG's announced withdrawal from a broad EVB supply chain project for similar reasons.

Executive Column

Lev Kroll, CEO of Nuanu Creative City, poses for a photo.

Bali’s Nuanu seeks investors that look beyond profit

Lev Kroll, CEO of Nuanu, explains the company’s strategic vision for a commercial and residential development project in Bali’s Tabanan regency, and how other investors can get engaged.

Chat Luangarpa, president commissioner of Bank Maspion, which was acquired by Thaiand's Kasikornbank in 2022.

Executive Column: Being a small bank makes no sense, says KBank

Bank Maspion president commissioner Chat Luangarpa, who also serves as executive vice president of Kasikorbank (KBank), explains why the Bangkok-based lender acquired the local bank and how it aims to triumph in Indonesia’s competitive banking landscape.

FLSmidth sees energy transition driving global minerals demand

Mikko Keto, CEO of mining and cement technology and service supplier FLSmidth, speaks to The Jakarta Post’s Divya Karyza about the company’s views on regulatory and industry challenges and what to expect in the coming years.

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Digibank ‘marathon’ has only just begun, Superbank says

Inchcape bets big on Indonesia

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Marriott International seeks to capitalize on travel recovery, demographic shifts

Citi’s head of international Ernesto Torres Cantú during an interview with The Jakarta Post in Jakarta on Aug. 21, 2024.

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Executive Column: Keep markets open to increase FDI, Citi says

Citi’s head of international Ernesto Torres Cantú shared his views on how Indonesia could navigate global trade challenges while pursuing its goal of becoming a high-income country by 2045.

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Daily dose: Baristas of Jakarta-based coffee chain Tuku pose for a photo in one of the young company’s outlets.

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Coffee chain Tuku seeks perfect blend for expansion

Founder Andanu Prasetyo says he remains comfortable with keeping Tuku bootstrapped for now as he prefers to maintain control over his coffee-to-go start-up.

Lindra Hismanto, co-founder and executive director of Studio Ubud, says everybody should follow their passion, look for opportunities and take risks.

Studio Ubud awakens Indonesian anime

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Studio Ubud awakens Indonesian anime

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Treats to treatments, The Bath Box fills a niche in Indonesia's self-care market

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Krakakoa wants to make Indonesian chocolate a global taste

CEO Profile

Teck Seng Ho: Understanding client needs crucial for sustaining Sun Life Indonesia

Newly appointed Sun Life Indonesia president director Teck Seng Ho has expressed positivity about the company’s client-friendly work environment.

Leading Indosat's growth to empower Indonesia, Vikram Sinha named 2023 CEO of the Year

Indosat Ooredoo Hutchison (Indosat) continues to record splendid operational and financial performances following its recent merger. Embracing the spirit of Gotong Royong, Indosat has a greater goal of empowering Indonesia.

Securing Indonesians’ future through innovation, teamwork

PT Asuransi Allianz Life Indonesia has recently appointed Alexander Grenz as Country Manager and President Director of Allianz Life Indonesia. After obtaining a permit from the Financial Services Authority (OJK), he took the role on April 7, where he will be managing Allianz's operational activities

Nicknamed Mel by her close acquaintances, Melissa is the new president of the GoTo e-commerce business unit, known to the wider public as Tokopedia and part of Indonesia’s largest digital ecosystem.

Melissa Siska Juminto and the journey of growth and excellence

In an age of instant gratification, trusting the process has become somewhat of a rare quality. This is not the case for Melissa Siska Juminto.

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Companies

Explore nearby, spend wisely: intra-provincial travel boom

Prabowo scolds ‘bad’ SOEs directors behind closed doors

Danantara to include Lotte petrochemical project

Trump to reduce impact of auto tariffs, Commerce secretary says

Editor's Picks

The 2024 banking industry outlook

Tuksedo gives cars from the past a brand-new future

Indonesia, ExxonMobil sign agreement on CCS, petrochemical projects

From Frenchie to fortune: Kurobokan spotlights Indonesia-designed toys

Companies Updates

State-run mining firms court American investments

Chinese chemical giant GESC to build $600m chemical plant in Gresik

Chinese chemical giant GESC to build $600m chemical plant in Gresik

Indorama to invest $2b in US as tariff talks go on

Vinfast triples sales but loses more than $3 billion in 2024

CATL slashes funding for Indonesian EV battery project by 65%

Executive Column

Bali’s Nuanu seeks investors that look beyond profit

Executive Column: Being a small bank makes no sense, says KBank

FLSmidth sees energy transition driving global minerals demand

Digibank ‘marathon’ has only just begun, Superbank says

Inchcape bets big on Indonesia

Marriott International seeks to capitalize on travel recovery, demographic shifts

Executive Column: Keep markets open to increase FDI, Citi says

Think Big

Coffee chain Tuku seeks perfect blend for expansion

Studio Ubud awakens Indonesian anime

Studio Ubud awakens Indonesian anime

Treats to treatments, The Bath Box fills a niche in Indonesia's self-care market

Krakakoa wants to make Indonesian chocolate a global taste

CEO Profile

Teck Seng Ho: Understanding client needs crucial for sustaining Sun Life Indonesia

Leading Indosat's growth to empower Indonesia, Vikram Sinha named 2023 CEO of the Year

Securing Indonesians’ future through innovation, teamwork

Melissa Siska Juminto and the journey of growth and excellence