Recent Economy News: Economic Growth, Policy, and Trends

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Jakarta Post
Economy premium

RI reverses trade deficit with tiny July surplus

Indonesia has restored its trade balance to a small surplus in July thanks to surging outbound shipments of crude palm oil and coal.

8 hours ago
Economy premium

Inflation accelerates while House approves new BI governor

The consumer price index (CPI) growth rose to 3.19 year-on-year (yoy) in August, Statistics Indonesia (BPS) official Ateng Hartono revealed in a press conference on Tuesday, well within the government’s and Bank Indonesia’s (BI) target range of 2.5 plus/minus 1 percent.   ...

13 hours ago
Economy premium

SOEs to remit Rp 120t to state budget this year, says Purbaya

Finance Minister Purbaya Yudhi Sadewa expects Danantara to remit Rp 120 trillion ($6.76 billion) in dividends from state-owned enterprises (SOEs) to the state budget this year, marking a change from the initial plan for running the state asset fund. ...

17 hours ago

The Latest

Economy premium

Govt’s MSME credit push overlooks deeper structural problem

The government aims to boost bank lending to micro, small and medium enterprises (MSMEs) by raising the credit target from Rp 1.5 quadrillion (US$84.6 billion) to Rp 2 quadrillion in 2027, but doubts remain over whether the move will effectively address structural issues that have hindered lending to the sector.  

1 day ago
Economy premium

Housing expo falls short, subsidized loans slow

The Danantara Housing Expo booked Rp 2 trillion in settled transactions, below an initial target of Rp 6 trillion to Rp 10 trillion, while loan disbursement for subsidized housing fell 15 percent year-on-year amid supply constraints, pointing to ongoing challenges in the government’s 3 Million Homes program.  

1 day ago
Economy

G20 countries should consider more trade barriers on China to cut imbalances, Bessent says

Bessent said in an interview ahead of a G20 finance leaders meeting that the current flood of exports from China was unsustainable, even though the US direct trade position with China was "rapidly improving."

1 day ago
Economy

Global standards, governance and commercial discipline underpin INA’s investment strategy

Five years after its establishment, the Indonesia Investment Authority (INA) has demonstrated how strong governance, commercial discipline and global partnerships can mobilize long-term capital while supporting Indonesia's sustainable economic development.

1 day ago
Economy premium

Rising current account deficit could jeopardize rupiah

Indonesia's current account deficit reached a historic high in the second quarter that, if sustained, would put new pressure on the rupiah’s exchange value.

2 days ago
Economy

Trump announces deal for huge US stake in Venezuelan oil reserves

President Donald Trump said Friday his administration has reached a huge oil deal with Venezuela that gives the United States majority control of 65 billion barrels of proven petroleum reserves.

3 days ago
Economy premium

Danantara puts 360,000 property units on offer at expo

The event offers prospective homebuyers a range of financing options, including down payments starting at 1 percent, mortgage rates from 2.75 percent per year and loan tenors of up to 30 years.

4 days ago
Economy premium

Toyota tug-of-war exposes ASEAN’s investment dilemma

A race between member countries to attract factories undermines ASEAN ambitions to become a unified economic powerhouse, analysts say.

4 days ago
Economy premium

Shipbuilding industry struggles with persistent weak demand

Indonesia’s shipbuilding industry is facing mounting pressure from a lack of domestic orders for ship construction that has persisted since the coronavirus pandemic.

5 days ago
Economy premium

SKK Migas issues early warning as forest fires near oil and gas facilities

The alert comes amid concerns over the country's upstream production performance, with average oil production from January to July 2026 standing at 578,156 barrels per day, only 95 percent of the 610,000 bpd target set in the state budget.

5 days ago
Economy

IMF's Georgieva says global economy weathering energy shock, sees fiscal concerns

Georgieva said that there was a "tug of war" between the negative Gulf energy supply shock and growth tailwinds from the artificial intelligence investment boom that was starting to spread beyond US borders.

6 days ago
Economy premium

Industry warns severe El Niño could shrink CPO output

GAPKI chairman Eddy Martono said that the significant impact of a severe El Niño on palm oil production could be felt as early as next year. 

6 days ago
Economy premium

Prabowo kicks off solar power push with groundbreakings, open tenders

At the event on Tuesday, President Prabowo Subianto broke ground on solar power plants in Banyuwangi and Pasuruan in East Java, as well as at Gajah Mungkur Reservoir in Central Java, with a combined capacity of 396.4 MWp.

1 week ago
Economy premium

Stable rules key to luring investment, outgoing EU envoy says

The outgoing EU ambassador to Indonesia, Denis Chaibi, whose term ends this month, told The Jakarta Post that stable regulations and fewer trade barriers would be key to attracting European investment in view of the signing of the Indonesia-EU CEPA in October.

1 week ago
Economy premium

Whoosh takeover set for September, Purbaya says

After incurring a loss of nearly $290 million in the first six months of 2026, the government is finally stepping up to take over the operation and maintenance of the Jakarta-Bandung HSR, according to the finance minister.

1 week ago
Economy

US vows 'economic asphyxiation' of Iran with new sanctions

The announcement comes almost six months into a war on Iran that has ground to a stalemate, with stalled peace talks and Tehran blocking most traffic through the crucial Strait of Hormuz.

1 week ago
Economy

Norway will drill in Arctic regardless of EU's position, says energy minister

Norway will continue developing its oil and gas resources in the Barents Sea regardless of the European Union's support for a moratorium on Arctic hydrocarbon supplies, and no longer sees itself as Europe's "green battery", Energy Minister Terje Aasland told Reuters.

1 week ago
Economy

US vows 'economic D-Day' as Iran threatens to halt all oil exports

Without detailing specific measures, US Treasury Secretary Scott Bessent signaled Washington would target "fearful nations" that practice "appeasement" by engaging with Iran's economy and financial system.

1 week ago
Economy premium

US-China trade war gives Indonesia shot at boosting investment

Combined investment from mainland China and Hong Kong reached US$11.5 billion in H1 2026, nearly three times the $4.1 billion recorded a year earlier.

1 week ago
Economy

Canada retaliates as trade war with US escalates

Negotiations between the neighboring countries broke down Friday in Washington, putting into force new 50-percent US tariffs impacting about $20 billion worth of goods, or 5.5 percent of Canadian exports to the United States.

1 week ago
Economy

US, Canada fail to reach trade pact to avert Trump tariffs

The lack of a final agreement means that new 50-percent duties, set to impact some $20 billion of Canadian exports to the United States, took effect on Saturday.

1 week ago
Economy

Trump announces temporary tariff relief on ground beef imports

The US president did not say which countries would be exporting the beef but added there was a commitment to sell it at 25 percent below market prices.

1 week ago
Economy premium

Jakartans disinclined about Indonesian Credit Card

Reducing reliance on western credit card providers was the main notion behind the establishment of the Indonesian Credit Card (KKI), so the country has a system to rise to the task when worst comes to worst.

1 week ago
Economy premium

Indonesia, EU target October CEPA signing

Under the CEPA, around 90 percent of tariff lines for Indonesian goods entering the EU market will gradually be eliminated to zero.

1 week ago
Economy premium

President's muted Nusantara support chills investment

The President made no mention of the country’s future capital city under construction in East Kalimantan in his State of the Nation address last Friday.

1 week ago
Economy premium

Indonesia to kick off 30 GW tender in 100 GW solar power push

President Prabowo Subianto previously announced a plan to build 100 GW of solar power in the coming years, saying it could save the state up to Rp 73.9 trillion (US$4.14 billion) annually in electricity production.

1 week ago
Economy

South Korean container ship will test Arctic route to Europe amid Western concern

South Korea will flag off on Saturday a container ship bound for Europe via the Arctic, testing whether a route opened by melting sea ice can be commercially viable, but risking friction with Western allies, as the voyage requires Russian cooperation.

1 week ago

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