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Jakarta Post
Indonesian billionaire Michael Bambang Hartono speaks during an interview about the 2018 Asian Games bridge competition in Jakarta on Aug. 21, 2018.
Indonesian billionaire Michael Bambang Hartono speaks during an interview about the 2018 Asian Games bridge competition in Jakarta on Aug. 21, 2018. `
Companies premium

Djarum owner Michael Hartono dies at 86

Michael, an Indonesian of Chinese descent born in Kudus, Central Java, in 1939, jointly owned the Djarum Group with his brother Robert Budi Hartono, both sons of Djarum founder Oei Wie Gwan. Their father established the company in 1951 with just 10 employees, and it grew into one of the world’s largest clove cigarette firms with tens of thousands of workers.

10 hours ago
Economy

China offers to work with Southeast Asia on energy security

China's show of willingness to work with the region of more than 700 million people would be welcome relief to Southeast Asian oil importers after an order by Beijing earlier this month to ban Chinese exports of diesel, gasoline and jet fuel.

12 hours ago
Economy

Malaysia diesel, transport fuel prices up for second week in a row

The cost of the subsidised RON95 transport fuel, available for all Malaysian citizens, will be kept at 1.99 ringgit per litre, with the government expected to spend over 3 billion ringgit ($763.36 million) per month to fund its fuel subsidy bill, the ministry said in a statement late Wednesday. 

15 hours ago

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Regulations premium

Indonesia mulls WFH as fuel-saving measure amid Middle East conflict

As a result of the war between Iran and the US and Israel, global crude oil prices have increased to above US$100 per barrel, far exceeding the $70 per barrel assumption in the 2026 state budget, which may result in higher energy subsidies.

18 hours ago
Economy

US Fed raises inflation outlook over 'uncertain' Iran war impact

Interest rates were kept steady at a range of 3.50 percent to 3.75 percent, with officials flagging one expected cut by the end of the year.

21 hours ago
Markets

Iran's huge Gulf gas field is struck in major escalation

Iran's huge Pars gas field was hit on Wednesday in the first reported strikes on Iranian energy infrastructure in the Gulf during the US-Israeli war, a major escalation that prompted Tehran to warn its neighbors to evacuate their energy installations.

1 day ago
Regulations premium

Transit flights culprit behind high ‘mudik’ fares, govt says

Some online travel agents have stepped in line with the government's calls for clearer information on ticket availability and transit flights, especially those with overseas layovers, to help mudik travelers reach their holiday destinations.

1 day ago
Regulations premium

Indonesia puts off ratifying ART as US opens trade probes

The government is focusing on gathering data and evidence for its rebuttal strategy against the USTR's new Section 301 probes into unfair trade practices, which are racing toward a July deadline, when Washington's latest 10 percent tariff  expires.

1 day ago
tech

Meta planning sweeping layoffs as AI costs mount

If Meta settles on the 20 percent figure, the layoffs will be the company's most significant since a restructuring in late 2022 and early 2023 that it dubbed the "year of efficiency."

5 days ago
tech

US jury to begin deliberations in social media addiction trial

Jury deliberations are set to begin Friday in a landmark social media addiction trial accusing Meta and YouTube of intentionally trying to hook young internet users.

6 days ago
tech

OpenAI strikes Pentagon deal with 'safeguards' as Trump dumps Anthropic

Trump had ordered the government to stop using Anthropic, calling it a threat to national security after it refused to agree to unconditional military use of its Claude models.

2 weeks ago
tech

Where AI lives: Southeast Asia's data center boom

New data centers -- warehouse-like facilities that store online files and power AI tools from chatbots to image generators -- are mushrooming worldwide, and the sector is growing particularly fast in Asia.

3 weeks ago
economy

China offers to work with Southeast Asia on energy security

China's show of willingness to work with the region of more than 700 million people would be welcome relief to Southeast Asian oil importers after an order by Beijing earlier this month to ban Chinese exports of diesel, gasoline and jet fuel.

12 hours ago
economy

Malaysia diesel, transport fuel prices up for second week in a row

The cost of the subsidised RON95 transport fuel, available for all Malaysian citizens, will be kept at 1.99 ringgit per litre, with the government expected to spend over 3 billion ringgit ($763.36 million) per month to fund its fuel subsidy bill, the ministry said in a statement late Wednesday. 

15 hours ago
economy

US Fed raises inflation outlook over 'uncertain' Iran war impact

Interest rates were kept steady at a range of 3.50 percent to 3.75 percent, with officials flagging one expected cut by the end of the year.

21 hours ago
economy

Australia central bank hikes rates in tight call as Iran war stokes inflation risk

Australia's central bank raised its cash rate for a second straight month on Tuesday, saying higher borrowing costs were needed to contain inflation, though a very tight vote suggested further tightening is far from certain.

2 days ago
companies

Philips reaffirms commitment to expand equitable access to quality healthcare in Indonesia

Özlem Fidanci, chief of Philips International Region and member of the Royal Philips Executive Committee, spoke to The Jakarta Post during her visit to Jakarta about Philips’ initiatives and healthcare technology innovations, underscoring the company’s longstanding commitment to expanding equitable access to quality health care in Indonesia.

1 week ago
companies

Marriott Bonvoy and Bank Mandiri launch cornerstone collaboration

In a world where travel has become the norm, travelers are continuously searching for an experience that has the ability to enrich their adventures, without dealing with any obstacles or hassles. Therefore, businesses have to evolve and innovate in order to meet the expectations of their consumers.

1 week ago
markets

Iran's huge Gulf gas field is struck in major escalation

Iran's huge Pars gas field was hit on Wednesday in the first reported strikes on Iranian energy infrastructure in the Gulf during the US-Israeli war, a major escalation that prompted Tehran to warn its neighbors to evacuate their energy installations.

1 day ago
markets

Asia pivots to coal as Middle East conflict chokes LNG supply

Asia spot LNG prices have doubled to three-year highs in the second major supply shock in four years, as shipping through the Strait of Hormuz has all but stopped and No.2 global exporter Qatar has halted shipments. 

1 day ago
markets

IEA head says more oil stocks can be released if necessary

International Energy Agency chief Fatih Birol said Monday more strategic oil stocks could be released if necessary to limit the fallout of from the near complete blockage of supplies through the Strait of Hormuz owing to the war on Iran.

2 days ago
markets

Oil hovers around $100, stocks mixed as Iran war rages

Oil prices hovered around US$100 a barrel Monday and stocks fluctuated as the Iran war moved into a third week with both sides showing no sign of backing down and diplomats trying to ensure safe passage for tankers through the crucial Strait of Hormuz.

3 days ago
markets

Fire at UAE oil hub as Iran vows retaliation for US attack on Kharg Island

Iran warned it could target United States "hideouts" in the United Arab Emirates as a major UAE energy hub suffered disruption after a drone attack on Saturday, and US President Donald Trump said "many countries" would send warships to the region.

5 days ago

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