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Economy premium

RI secures $60m for floating solar project through JETP

Standard Chartered, Germany's development finance institution DEG and France’s Proparco on Tuesday announced a US$60 million investment to fund the construction and operation of a solar photovoltaic (PV) plant in Indonesia.

14 hours ago
Economy premium

Industry minister admits legal loopholes enable transshipment through RI

Textile associations have urged provincial Trade Ministry offices, which are authorized to issue certificates of origin (SKA), to tighten the issuance procedures and verify whether export goods are genuinely produced in Indonesia. ...

17 hours ago
Economy

China's manufacturing shrinks in April as trade war bites

China's manufacturing activity shrank in April after growing at its highest rate in a year the previous month, official data showed Wednesday, as Beijing fights an intensifying trade war with the United States. ...

20 hours ago

The Latest

Economy premium

Foreign investment up 12% yoy in first quarter

Indonesia has seen respectable growth in foreign direct investment (FDI) in the first quarter of 2025 as realized funding reached a quarter of the government’s full-year target, while domestic investment grew even faster.

1 day ago
Economy premium

Trump tariffs to hit trade, marine cargo credit insurance

OJK encourages insurance firms to continue strengthening their risk management, diversifying both their investment portfolios and products to cushion against global economic volatility.

1 day ago
Economy

Japan, Vietnam pledge to support free trade as PM Ishiba visits Hanoi

Ishiba's first trip to Vietnam, and his subsequent visit on Tuesday to the Philippines, mark the latest high-level East Asian meetings amid escalating global uncertainty triggered by the threat of crippling US tariffs.

2 days ago
Economy

IMF-World Bank meetings end with little tariff clarity, but economic foreboding

Global finance leaders came to Washington this past week seeking clarity on what it would take to get some relief from President Donald Trump's multi-layered tariff assault and on just how much pain it will bring to the world economy.

2 days ago
Economy

US-China: The clash of the titans

As the trade war between the United States and China escalates, here is a point-by-point comparison of the world's two biggest economic powers.

3 days ago
Economy

Conflicting US-China talks statements add to global trade confusion

US President Donald Trump asserted in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth.

4 days ago
Economy

World Bank chief economist sounds alarm on emerging market debt

The International Monetary Fund (IMF) and World Bank spring meetings this week in Washington have been dominated by worries about the economic fallout from century-high US tariffs, and retaliatory ones announced by China, the European Union, Canada and others.

4 days ago
Economy premium

Local EV production slumps amid imports

Indonesia’s push to become an EV hub faces new challenges, as relaxed import rules have seen the domestic market flooded with foreign-made cars, causing sharp declines in output from local manufacturers.

5 days ago
Economy premium

Investment realization reaches 24 percent of annual target in first quarter

Investment grew 2.7 percent in the first quarter and was up 16 percent on the year yet came in just shy of a quarter of the full-year target.

6 days ago
Economy premium

Govt sticks to 5 percent growth target despite IMF's downward revision

The government is holding onto its target for 5 percent gross domestic product (GDP) growth this year despite the International Monetary Fund revising down its projection for Indonesia’s economy in a recent update.

6 days ago
Economy

Vietnam and US start trade talks: Hanoi

US President Donald Trump this month threatened massive 46 percent levies on Vietnam, with Washington accusing the country of facilitating Chinese exports to the United States and allowing Beijing to get around tariffs.

6 days ago
Economy

South Korea GDP unexpectedly contracts, reinforcing rate cut chances

South Korea's economy unexpectedly contracted in the first quarter as exports and consumption stalled amid fears over the impact of Washington's aggressive tariffs, fanning expectations of more interest rate cuts.

6 days ago
Economy

China says door for US trade talks 'wide open'

Since Trump began a second term in January, he has unleashed a tit-for-tat trade battle with Beijing that has seen US levies on many Chinese goods reach 145 percent.

1 week ago
Economy

IMF slashes global outlook as White House says trade talks pick up pace

Worldwide economic output will slow in the months ahead as US President Donald Trump's steep tariffs on virtually all trading partners begin to bite, the International Monetary Fund said on Tuesday, as global finance chiefs swarmed Washington seeking deals with Trump's team to lower the levies.

1 week ago
Economy premium

Pelindo promises long-term cure after port congestion cripples Jakarta

People living in Greater Jakarta area took to social media expressing their frustration as they were stuck in traffic leading to the port for hours.  

1 week ago
Economy premium

Govt flaunts critical minerals in trade talks with US

As a top-tier government delegation kicks off trade talks in Washington, Jakarta is counting on critical minerals to help secure access to the United States market for Indonesian goods, but the highly protectionist administration led by President Donald Trump is looking to reduce import dependence in that area too.

1 week ago
Economy premium

RI trade surplus rises as exports to US spike before tariffs kick in

Indonesia unexpectedly booked a large trade surplus in March thanks to surging exports to the United States before import tariffs imposed by US President Donald Trump took effect.

1 week ago
Economy

China warns countries against striking trade deals with US at its expense

China on Monday warned countries against striking a broader economic deal with the United States at its expense, ratcheting up its rhetoric in a spiraling trade war between the world's two biggest economies.

1 week ago
Economy premium

US tariffs unleash ‘perfect storm’ on 2025 state budget

Fiscal discipline is the key to riding out the "perfect storm" swirling around the state budget due to weakening exports amid a global trade war and planned tariff concessions to appease Washington, according to economists who also cautioned about the government's readiness in strategizing for a worst-case scenario.

1 week ago
Economy premium

Indonesia, US seek new balance in tariff talks

Both sides have agreed that the negotiations, set to complete within 60 days, will include investment and trade partnerships, critical minerals and the development of a reliable supply chain corridor.

1 week ago
Economy

Top US, Indonesian diplomats discuss tariffs, defense in meeting

Rubio and Indonesian Foreign Minister Sugiono "discussed ways to deepen defense and security cooperation, including efforts to uphold freedom of navigation and overflight in the South China Sea in accordance with international law," the State Department said in a statement.

1 week ago
Economy premium

Retail sales barely grow despite Idul Fitri boost

Respondents to the survey said they were more optimistic about the outlook for the next three to six months, as they expect sales to increase in May and August thanks to Independence Day on Aug. 17.

2 weeks ago
Economy premium

Businesses fret over rising shipping costs amid US-China trade war

If China exports fewer goods to the US, he said, there will be fewer containers in the trade path between the two countries, which would reduce the availability of containers for shipments to other destinations.

2 weeks ago
Economy

China Q1 GDP growth beats expectations, but US tariff shock dims outlook

President Donald Trump has ratcheted up tariffs on Chinese goods to eye-watering levels, prompting Beijing to slap retaliatory duties on US imports in an intensifying trade war between the world's two biggest economies that markets fear will lead to a global recession.

2 weeks ago
Economy

Apical optimistic about fulfilling 2030 sustainability targets

Leading vegetable oil processor Apical is optimistic about its sustainability achievements as it reaches the halfway point of its Apical2030 sustainability commitment.

2 weeks ago
Economy premium

RI delegation jets off to Washington for tariff negotiations

The US is Indonesia’s second largest export market after China. Experts have warned US trade policy could weigh on the archipelago’s gross domestic product growth and to some extent lead to layoffs in impacted industries.

2 weeks ago
Economy premium

Consumer confidence sinks to five-month low as economic anxiety grows

Consumer confidence continued its downward trend in March, falling for the third consecutive month and hitting its lowest since October 2024.

2 weeks ago

Today's ePost

Wed, April 30, 2025

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