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Jakarta Post
Companies

OpenAI disbands team devoted to artificial intelligence risks

OpenAI on Friday confirmed that it has disbanded a team devoted to mitigating the long-term dangers of super-smart artificial intelligence.

6 hours ago
Regulations premium

Red tape constrains AC supply as Jakarta heat drives demand

Vendors are struggling to meet increased demand for air conditioners and blame a recently issued regulation for hampering imports. ...

19 hours ago
Regulations premium

Govt to mandate all vehicles to be hydrogen-based in IKN after 2040

The plan was announced despite an initial plan to mandate battery-based electric vehicles in the new capital city, particularly for passenger vehicles.  ...

1 day ago

The Latest

Companies premium

Vietnam's VinFast fixes on 170-hectare site for Indonesian factory

In addition to building its flagship factory, the Vietnamese EV manufacturer is also planning to develop charging stations in Indonesia through Vingroup's recently launched V-Green business unit.

1 day ago
Companies

Indosat showcasing Indonesia's Digital Literacy Initiative at the Global DTC Workshop

Indonesia is hosting the Global Digital Transformation Center (DTC) Workshop 2024, organized by International Telecommunications Union (ITU), a United Nations agency specializing in information and communication technology (ICT), and multinational technology company Cisco, the annual workshop brings together the focal points of all digital transformation centers from Asia and the Pacific, Africa, the Americas and Arab regions.

1 day ago
Regulations premium

Govt postpones mandatory halal certification for MSMEs

The government has pushed back rules that will make halal certificates mandatory for medium, small and micro enterprises (MSMEs) in the food and beverage industry.

1 day ago
Markets premium

Pertamina NRE to boost geothermal capacity with eye on carbon trade

The state-owned oil and gas giant's renewable energy arm is aiming to increase capacity at its geothermal plants to capitalize on future growth in both carbon credit demand and prices.

1 day ago
Economy

China announces sweeping steps to stabilise crisis-hit property sector

China on Friday announced some of its most sweeping measures yet to stabilise the crisis-hit property sector, allowing local governments to buy "some" apartments, relaxing mortgage rules and pledging further efforts to deliver unfinished homes.

1 day ago
Markets

Asian stocks ease on uncertainty over timing of US rate cuts

Asian stocks inched lower on Friday as traders pondered the near-term US monetary policy path after Federal Reserve officials suggested that interest rates may need to stay higher for longer even as inflation shows early signs of easing.

1 day ago
Economy premium

Wider 2025 budget deficit seen as double-edged sword

Fitch Ratings forecasts debt financing expansion to fund Prabowo’s big-ticket plans, which would bring Indonesia’s budget deficit close to the legal limit but could also spur growth through increased economic activity.

1 day ago
Companies premium

Local telcos should be ready for Starlink competition, Luhut says

The senior investment minister has said the ball is in the court of local telcos to up their game to compete against Starlink on their home ground.

2 days ago
Companies premium

Axiata, Sinar Mas officially exploring RI telco business merger

Publicly listed telecommunication companies PT XL Axiata and PT Smartfren Telecom are considering a merger to create a new industry entity called MergeCo, according to a disclosure notice released on Wednesday.

2 days ago
Regulations

'We're not protectionist', we're 'logical’: Prabowo

Speaking at the Qatar Economic Forum, Prabowo said criticism of Indonesia's downstreaming policies for coal, palm oil and nickel was misplaced and insisted that all nations maintained at least some trade restrictions.

2 days ago
Tech premium

Regulate AI usage, not development, says IBM

While governments across the world are looking to adapt legal frameworks to accommodate artificial intelligence, the general manager of IBM Asia Pacific said authorities should regulate the application of AI rather than its technological development.

2 days ago
Economy premium

Jokowi summons Sri Mulyani amid customs, state budget concerns

The state budget next year has been in the spotlight after Prabowo, who is currently the defense minister, announced that he would push forward with his free lunch program for Indonesian schoolchildren, which is estimated to cost Rp 1 trillion per day. 

2 days ago
Regulations premium

Businesses call for amendment to already revised import curbs

The revised rule primarily addresses complaints over import regulations for passenger goods and migrant workers, but stipulations on raw and auxiliary materials remain mostly the same.

2 days ago
Markets

Asia rides Wall St rally, dollar sags on US inflation relief

Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder US inflation report raised expectations the Federal Reserve will deliver at least two rate cuts this year.

2 days ago
Economy premium

RI maintains trade surplus despite plunging exports

Outgoing shipments of goods dropped in April partly because of fewer working days that month and partly because of lower prices for some export commodities.

3 days ago
Economy

China says 'bullying' tariff hike shows some in US are 'losing their minds'

A US move to raise tariffs on Chinese goods is a sign of weakness, not of strength, and shows that some in the United States may be "losing their minds", China's foreign minister said on Wednesday, in unusually blunt comments.

3 days ago
Companies premium

GoTo floats GoPay as channel for free lunch funds

According to the homegrown on-demand services and digital payments giant, GoPay could provide a solution for streamlining government subsidies so they reach individual beneficiaries directly.

3 days ago
Regulations

Biden sharply hikes US tariffs on Chinese EVs and chips

The measures, which drew strong opposition from Beijing, come as Biden seeks to look tough on trade ahead of a rematch with Republican Donald Trump in November's US presidential election.

3 days ago
Companies premium

RI wants Mubadala to get new Andaman gas deposit onstream by 2028

SKK Migas expects Mubadala Energy, the UAE-owned operator of the Tangkulo-1 exploration well, to accelerate development of the newly discovered gas deposit to start production in the next four years.

3 days ago
Companies

Indonesia's Pertamina, ExxonMobil, KNOC sign deal for CCS hub development

State-owned energy firm Pertamina, US major ExxonMobil and South Korea's KNOC on Wednesday signed a framework agreement for a carbon capture and storage (CCS) hub development in Indonesia.

3 days ago
Markets

Asian markets mixed as focus turns to US inflation report

Asian markets wobbled Wednesday ahead of key US inflation data later in the day, with traders struggling to pick up the baton after a record performance on Wall Street.

3 days ago
Think Big premium

Krakakoa wants to make Indonesian chocolate a global taste

Amid Indonesia’s industrialization fervor, Krakakoa founder Sabrina Mustopo recognized untapped potential in processing the country’s natural products, like cacao.

3 days ago
Economy premium

Retail sales barely grow despite high consumer confidence

Preliminary data from Bank Indonesia (BI) point to just a slight rise in retail sales last month even as consumer confidence jumped by a respectable margin.

4 days ago
Companies premium

Govt offers five oil and gas blocks in Andaman Sea, Sumatra, Sulawesi

The government is offering five oil and gas blocks for the year’s first bidding round in a fresh effort to achieve its oil and gas production targets.

4 days ago
Tech

Elon Musk to join President Jokowi in inauguration of Starlink operation

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said that Musk has confirmed his attendance at the ceremony and that he would also speak in one of the seminar sessions at the WWF.

4 days ago
Companies premium

RI to build floating solar plant in reservoir of Jatigede Dam

The floating solar power farm on the Jatigede Dam in West Java, will have an electricity output of 100 megawatt (MW) peak.

4 days ago
Regulations premium

Govt mulls over plan for dedicated housing ministry

The government is considering the establishment of a standalone ministry to deal with the housing backlog and financing for developers.

4 days ago

Today's ePost

Sat, May 18, 2024

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