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Jakarta Post
Companies

Airbus revises up 20-year jet demand forecast despite trade tensions

Airbus revised up its forecast for airplane demand over the next 20 years on Thursday, telling investors and suppliers the air transportation industry was expected to ride out the current wave of trade tensions.

22 hours ago
Companies premium

Germany’s Daimler opens new bus, truck factory in Cikarang

The company poured Rp 500 billion (US$30.7 million) in investment for a facility that will produce various models of Mercedes-Benz Axor trucks and specially designed Mercedes-Benz bus chassis tailored for the Indonesian market. ...

1 day ago
Companies premium

Damri receives 70 Chinese electric buses for Transjakarta routes

The state-owned bus operator has received 70 new electric buses from China for plying Transjakarta routes by the end of June. ...

1 day ago

The Latest

Companies

Qantas shutters Singapore-based Jetstar Asia on rising costs, competition

The shutdown of the 20-year-old airline next month will result in up to 500 job losses, a Qantas spokesperson said, and Jetstar Asia's fleet of 13 Airbus A320 planes will be redeployed to Australia and New Zealand.

1 day ago
Companies premium

Krakatau Steel prepares 500 ha in Cilegon for China’s Delong Steel

The plant is also expected to begin producing so-called green steel, in line with current trends toward for lower-emission manufacturing processes.

1 day ago
Companies premium

Holidays sustain consumer spending post-Ramadan

Data from the Mandiri Spending Index show that middle- and upper-class consumers drove spending growth during both the Ramadan-Idul Fitri holiday and postholiday periods this year, albeit not as much as compared to last year.

2 days ago
Companies premium

Govt stops short of halting all nickel mining in Raja Ampat

The government has revoked four licenses for nickel mining operations in Southwest Papua’s Raja Ampat regency, but not the one for the most advanced project on Gag Island, despite mounting pressure from environmental groups and the wider public.

2 days ago
Executive Column premium

GE HealthCare eyes Indonesia as regional hub for medical device exports

GE HealthCare, in partnership with PT Kalbe Farma subsidiary Forsta, inaugurated Indonesia’s first CT scanner factory on June 2. GE HealthCare international president and CEO Elie Chaillot spoke to The Jakarta Post’s Ruth Dea Juwita two days later about the global medical technology company’s further plans in Indonesia’s burgeoning medical equipment industry.

3 days ago
Companies

Singapore's Grab denies reports of talks with GoTo for potential deal

Singapore-based ride-hailing and delivery company Grab said on Monday it was not in any talks on a potential deal with smaller Indonesian rival GoTo.

3 days ago
Companies

Starbucks to lower prices in China as competition heats up

In a post on its Weixin social media account, the US coffee chain said it would offer more "accessible" prices on dozens of its drinks, including non-coffee drinks and the Frappuccino, from Tuesday.

3 days ago
Companies premium

No talks yet on Jakarta MRT extension to Tangerang: Japan diplomat

The Japanese ambassador has said Tokyo will support the east-west line of the Jakarta MRT, but has no immediate plans to provide funding for its extension into neighboring Banten province.

6 days ago
Companies premium

Tsingshan slashes local nickel pig iron output amid profit squeeze

Move is in line with projections that total NPI output in Indonesia will plummet from 4.76 million tonnes in 2024 to just 1.74 million tonnes this year.

1 week ago
Companies

APRIL Group Set to Expand Community-Led Conservation Programme to 100,000 Hectares by 2030

APRIL Group, one of the world’s leading producers of pulp, paper and paperboard products, has unveiled its commitment to expand its community-led conservation program to cover 100,000 hectares by 2030, more than tripling its current coverage. This initiative is designed to reinforce the company's continued commitment to sustainable forest restoration and conservation.

1 week ago
Companies

Indosat continues value-driven growth with consistent dividend payouts

Many companies, including those in the telecommunications sector, are undergoing transformation and investing heavily in artificial intelligence (AI). These efforts require significant capital outlays in research and development, talent acquisition, infrastructure and strategic partnerships. This shift reflects a broader industry trend favoring long-term innovation over short-term profitability.

1 week ago
Companies premium

Integrated EV battery project in Halmahera to break ground this month

The industrial complex will include a high pressure acid leaching (HPAL) smelter, precursor and cathode facilities and a battery cell plant.

1 week ago
Companies premium

Sustainable finance in transition: A sharper focus

Despite the general pullback trend in sustainable finance and early signs of saturation, more flexible instruments like SLLs present better resilience as the broader energy transition investment landscape moves toward selectivity, and this juncture of strategic adjustment is where Indonesian banks come in.

1 week ago
Companies premium

Eramet, Danantara agree to explore nickel supply chain projects

The deal is part of Macron’s broader push to strengthen economic ties with Indonesia and was marked by the signing of 26 bilateral agreements across energy, investment and food security, with total commitments valued at US$11 billion.

2 weeks ago
Companies

RGE, TotalEnergies to develop solar power, battery energy storage project in Indonesia

RGE and TotalEnergies, through their equally-owned  joint venture Singa Renewables (Singa), have entered into a Co-Investment Agreement to develop, build and operate a solar photovoltaic (PV) power plant with battery energy storage  system (BESS) in Riau Province, Indonesia. The utility-scale project will be constructed in phases.

2 weeks ago
Companies

Alibaba and GoTo Boost Indonesia’s AI Talent Through GenAI Hackathon 2025

Alibaba Cloud collaborated with PT GoTo Gojek Tokopedia (GOTO) and the Communications and Digital Ministry to organize the Alibaba Cloud Indonesia GenAI Hackathon 2025.

2 weeks ago
Companies premium

China’s GEM to invest $8b in battery recycling hub in Kalimantan

Initial investment for the Indonesia Green Industrial Park (IGIP) is expected to reach $2 billion, with total capital outlay gradually increasing to $8 billion, GEM founder and chairman Xu Kaihua told reporters on Saturday.

2 weeks ago
Companies premium

Car Sales Stagnation in Indonesia

The government must develop a more balanced approach to fulfill Indonesia's potential in the automotive industry. The government can implement policies such as lowering taxes on all types of cars, making financing more accessible and supporting economic growth to bolster the industry.

2 weeks ago
Companies

Nourishing a nation: Danone’s legacy in advancing public health in Indonesia

From early childhood nutrition to sustainable community programs, Danone Indonesia continues to shape a healthier future for generations

2 weeks ago
Companies premium

Tension arises between Garuda and its pilots union over recruitment

The pilots union deemed the amount as unusual and criticized the move as inconsistent with a push from the government and the company for cost efficiency, urging management to conduct an evaluation to ensure the airline’s business sustainability.

2 weeks ago
Companies premium

Shell to sell local gas stations to new Indonesia-Philippine venture

Shell is selling its gas station business and related supply and distribution operations, but not its lubricant business, to an Indonesian-Philippine joint venture, with the transfer process to be completed by the end of next year.

2 weeks ago
Companies

Spending on the rise, savings strain: Indonesia's financial tightrope

Domestic economic pressures, driven by inflation and the rising cost of living, continue to weigh heavily on household sentiment. This has led to a shift in spending patterns, and understanding these changes is essential for businesses seeking sustainable growth.

2 weeks ago
Companies

After brief X outage, Musk says refocusing on businesses

Social media platform X was hit by a two-hour outage Saturday, prompting owner Elon Musk to say he needs to spend more time focusing on his companies.

2 weeks ago
Companies

US govt reaches deal with Boeing to allow planemaker to avoid prosecution

Boeing agreed to pay an additional $444.5 million into a crash victims’ fund that would be divided evenly per crash victim on top of an additional $243.6 million fine.

2 weeks ago
Companies

Trump greenlights Nippon Steel 'partnership' with US Steel

The new "planned partnership" between America's US Steel and Japan's Nippon Steel would create at least 70,000 jobs and add $14 billion to the US economy, according to US President Trump.

2 weeks ago
Companies premium

Danantara to invest in mega EV battery projects backed by Huayou, CATL

Danantara CEO Rosan Roeslani floated the idea of the government pursuing majority stakes in the projects, either through Danantara itself or through state-owned enterprises (SOEs) now under the fund’s control.

2 weeks ago
Companies premium

Daewoo reportedly plans to invest $1b in RI’s oil and gas, construction sectors

The South Korean company previously signed a memorandum of understanding for a project in the planned new capital city of Nusantara and secured a contract for piping at the BP-operated Tangguh LNG facility in West Papua.

3 weeks ago
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Fri, June 13, 2025

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