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An undated photograph shows expansion work at Pertamina's Balikpapan refinery complex in Balikpapan, East Kalimantan.
An undated photograph shows expansion work at Pertamina's Balikpapan refinery complex in Balikpapan, East Kalimantan.`
Economy premium

Indonesia secures Russian crude imports, minister says

The government has announced that Indonesia will soon begin importing crude oil from Russia as part of a broader strategy to diversify energy supplies.

4 hours ago
Economy premium

S&P maintains BBB rating with stable outlook for RI, says Purbaya

Finance Minister Purbaya Yudhi Sadewa said that S&P would come to Indonesia in June to reassess the country’s economy and budget “thoroughly”.

9 hours ago
Economy premium

Australia, India eye Indonesian urea as global supply tightens

The government projects excess domestic supply of around 1.5 million tonnes in 2026, which could be allocated for exports.

11 hours ago

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Companies premium

Shell scrambles for import permit as gas stations remain dry

Energy and Mineral Resources Ministry said in February that Shell had become the latest private fuel retailer to seek base fuel supplies from Pertamina, with its import recommendation still under review.

16 hours ago
Economy premium

RI grid not ready to meet growing solar demand amid energy crisis

The oil and gas shortage caused by the United States-Israeli war on Iran should drive demand for renewables, but Indonesia’s inadequate grid infrastructure means a long waiting list remains for rooftop solar installation.  

18 hours ago
Regulations premium

Lack of land casts doubt on govt’s sugarcane plantation mandate

The policy aims to close the widening gap between national sugar demand and local output while pushing the country closer to its sugar self-sufficiency target.

1 day ago
Economy premium

IMF, global investors see Indonesia as bright spot, BI says

The International Monetary Fund and foreign investors see Indonesia as one of the world’s “bright spots” with strong economic fundamentals and resilience, despite the country’s vulnerability to global economic turmoil, according to Bank Indonesia.  

1 day ago
Regulations premium

Bulog seeks to command larger Minyakita distribution pie

The state logistics agency said the increase was needed to meet rising demand as consumers shift from bulk cooking oil to Minyakita, partly driven by soaring plastic prices amid the Iran war.

1 day 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.

6 days 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.

1 week 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.

2 weeks ago
tech

Roblox to introduce new controls in Indonesia to comply with child social media block

Indonesia will require platforms to deactivate "high ​risk" social media accounts for under 16s, according ​to a ministerial regulation issued earlier this month.

3 weeks ago
tech

OpenAI to introduce ads to all ChatGPT free and Go users in US

OpenAI will begin showing ads to all users of the free and Go versions of ChatGPT in the United States in the coming weeks, a company spokesperson said in an emailed statement to Reuters.

3 weeks ago
markets

Sanctioned tanker turns back to Strait of Hormuz, day after Gulf exit

The US-sanctioned tanker Rich Starry made its way back to the Strait of Hormuz on Wednesday after exiting the Gulf the day before, shipping data showed, failing to break through a US blockade on vessels calling at Iranian ports.

2 days ago
markets

Asian stocks rally, crude drops on lingering hope for a peace deal

Stocks rose and oil fell Tuesday on hopes for a deal to end the Middle East war and reopen the Strait of Hormuz, with Donald Trump saying Tehran had called to seek an agreement even as a US naval blockade around Iran's ports began.

3 days ago
markets

Oil surges, stocks fall as Trump says to blockade Strait of Hormuz

Oil prices surged and stocks sank Monday after US-Iran peace talks fell apart and Donald Trump announced a blockade of the strategic Strait of Hormuz, adding to fears for energy supplies from the Middle East.

4 days ago
markets

US oil benchmark jumps 8%, surpasses $100 after failed US-Iran talks

The US oil benchmark rebounded above $100 a barrel on Monday after peace talks between the United States and Iran failed to make a breakthrough, and with US President Donald Trump ordering a blockade of Iranian ports.

4 days ago
markets

Oil prices jump, stocks drop on Mideast ceasefire doubts

Oil prices jumped and most stock markets fell Thursday on investor concerns over the Middle East ceasefire holding and as the key Strait of Hormuz remained largely blocked to traffic.

1 week ago
markets

Crude rises, stocks fall on fears over nascent Iran ceasefire

Oil prices climbed and stocks fell Thursday on fears over the nascent US-Iran ceasefire after Tehran threatened to resume hostilities after Israel launched a major bombardment of Lebanon.

1 week ago
markets

Oil plunges, Asia stocks soar after US, Iran ceasefire

Stocks soared and oil plunged in early trade in Asia on Wednesday after the United States and Iran agreed to a two-week ceasefire, with Tehran temporarily to reopen the vital Strait of Hormuz.

1 week ago

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