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Jakarta Post
Passengers wait on a platform as a train arrives on March 15, 2026, at KCIC Padalarang Station in West Bandung regency, West Java, serving the Whoosh high-speed rail operated by PT Kereta Cepat Indonesia China (KCIC).
Passengers wait on a platform as a train arrives on March 15, 2026, at KCIC Padalarang Station in West Bandung regency, West Java, serving the Whoosh high-speed rail operated by PT Kereta Cepat Indonesia China (KCIC).`
Regulations premium

Whoosh structural overhaul to satisfy China, Purbaya says

The finance minister expects Chinese stakeholders "to be satisfied" with the government's latest debt restructuring plan for the Whoosh high-speed rail project, with the new setup aiming to address persistent cost overruns, delays and interagency incoordination through a more proportionate risk-sharing approach.

1 hour ago
Economy

Indonesia says Russia will supply 150 million barrels of oil

Prabowo met Russian President Vladimir Putin at the Kremlin last week, where they discussed strengthening strategic partnerships, including in the energy sector, cabinet secretary Teddy Indra Wijaya said in a statement.

1 hour ago
Economy

No immediate downgrade if RI deficit tops 3% amid Iran war: Fitch

The credit rating agency noted that there was a risk the government might substantially relax its fiscal and monetary policies to achieve President Prabowo Subianto's ambitious ​8 percent growth target.

2 hours ago

The Latest

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Companies

Meta plans 10% layoffs as AI spending soars: Source

Meta is locked in a bitter rivalry with other tech behemoths racing to invest heavily in AI, aiming to ensure the technology generates profits in the not-so-distant future.

2 hours ago
Economy

India, US trade talks remain constructive after visit, New Delhi says

Efforts to frame an interim trade pact, including a proposal to lower US tariffs on Indian goods to about 18 percent, have been clouded by uncertainty following a US Supreme Court ruling although negotiations are continuing.

4 hours ago
Economy premium

Iran war, domestic strains push rupiah to new historic low

The rupiah was the worst-performing currency in the region, depreciating 0.61 percent by market close, followed by the Philippine peso and the Thai baht, which weakened by 0.6 percent and 0.55 percent, respectively.

18 hours ago
Economy premium

Purbaya floats, then downplays Malacca Strait levy idea

The Foreign Ministry has issued a counterstatement emphasizing Indonesia's adherence to international law in all maritime policies after the finance minister's backtracked suggestion referring to Iran's transit levy in the Strait of Hormuz.

19 hours ago
Economy premium

From machine tools to military tech: German industry dons fatigues

Russia's invasion of Ukraine has rattled NATO and led Berlin to pour huge amounts into rebuilding its armed forces, sparking a business bonanza for weapons makers and manufacturers of dual-use goods.

22 hours ago
tech

Apple's Tim Cook to step down as CEO in September

Tim Cook will be replaced by company veteran John Ternus, who joined Apple’s product design team in 2001 and rose to become senior vice president of hardware engineering over the following two decades.

3 days ago
tech

Tesla's supervised self-driving software gets Dutch okay, first in Europe

Tesla is also counting on self-driving software to boost vehicle sales, which have slowed in Europe due to its aging EV lineup and Musk's far‑right political rhetoric that has alienated some consumers.

1 week ago
tech

Indonesia sends letter of reprimand to YouTube over breach of social media curbs

Indonesia requires social media ‌companies ⁠with platforms it deems high risk to deactivate accounts belonging to children under 16, with the sanctions could go as far as a ​block on the ​platforms.

2 weeks ago
tech

Govt summons Meta, Google over noncompliance with child social media curbs

Indonesia summoned officials from Meta and Google over non-compliance with social media restrictions for children under 16 that went into full effect last week, a minister said in a video statement published on Tuesday.

3 weeks ago
economy

Indonesia says Russia will supply 150 million barrels of oil

Prabowo met Russian President Vladimir Putin at the Kremlin last week, where they discussed strengthening strategic partnerships, including in the energy sector, cabinet secretary Teddy Indra Wijaya said in a statement.

1 hour ago
economy

No immediate downgrade if RI deficit tops 3% amid Iran war: Fitch

The credit rating agency noted that there was a risk the government might substantially relax its fiscal and monetary policies to achieve President Prabowo Subianto's ambitious ​8 percent growth target.

2 hours ago
economy

India, US trade talks remain constructive after visit, New Delhi says

Efforts to frame an interim trade pact, including a proposal to lower US tariffs on Indian goods to about 18 percent, have been clouded by uncertainty following a US Supreme Court ruling although negotiations are continuing.

4 hours ago
companies

Meta plans 10% layoffs as AI spending soars: Source

Meta is locked in a bitter rivalry with other tech behemoths racing to invest heavily in AI, aiming to ensure the technology generates profits in the not-so-distant future.

2 hours ago
companies

From nursing to nurturing: A daughter carries a legacy and takes charge

Second-generation oil palm smallholders, especially women, are playing an increasingly important role in shaping a more sustainable and inclusive future for the palm oil industry. This progress is closely linked to improved access to knowledge, structured support systems and growing recognition of women’s contributions within the sector.

3 days ago
companies

Schneider Electric strengthens its mission, backs it with action

The race for clean energy has begun, and increasingly became more poignant with the situation of geopolitics in recent years. As countries and companies band together to evolve, energy demand has grown in parallel, causing the importance of accelerated transformations.

3 days ago
markets

Asian shares pull back from record highs as oil gains on Iran risk

Iran on Wednesday captured two container ships seeking to exit the Gulf via the Strait of Hormuz, tightening its grip on the crucial waterway, as investors watch if the fragile ceasefire in the Middle East will hold.

1 day ago
markets

India to import record 2.5m tons of urea at nearly double price

India, the world's biggest urea importer, issued the tender earlier this month to secure 2.5 million tons of the fertilizer, or nearly a quarter of its annual imports of about 10 million tons in 2025.

1 day ago
markets

Malaysia offers rare earths alternative to China

Australia's Lynas facility in Gebeng, Malaysia is now the world's largest single rare earths processing plant.

1 day ago
markets

Oil, stocks fall as traders weigh outlook after Trump extends truce

With the two-week truce in its final hours, the US president said he would push the deadline back indefinitely following a request from mediator Pakistan and stressing the need to give Tehran's "fractured" leadership time to form a proposal.

2 days ago
markets

Oil prices dip, stocks rise on lingering Iran peace hopes

Investors remained largely upbeat that the US and Iran will eventually come to a deal that will reopen the Strait of Hormuz.

3 days ago
markets

Oil jumps, stocks wobble as Mideast ceasefire hangs in the balance

The ceasefire in the Iran war, due to run until Tuesday, was in doubt after the US seized an Iranian cargo ship and Tehran's top military command vowed to retaliate.

4 days ago

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