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Jakarta Post
Economy

Euro zone inflation surges past ECB target on oil shock

Euro zone inflation soared past the European Central Bank's 2 percent target this month as surging oil and gas costs drove up headline prices, but the jump was smaller than expected and core inflation declined, muddying the picture for policymakers.

10 hours ago
Economy premium

RI, Japan seek deeper energy ties after $23.6b in deals

The business agreement covers the energy sector with Japan’s INPEX, as well as technology, finance, fertilizer and tourism. ...

10 hours ago
Economy

Navigating oil shock: Fiscal challenges, policy choices for Indonesia

While Indonesia faced a similar situation in 2022, the ongoing Iran war represents a different dynamic that will require critical policies that balance fiscal stability and purchasing power toward maintaining resilience. ...

14 hours ago

The Latest

Economy premium

Govt focuses on securing water to mitigate earlier, longer dry season

With the dry season forecast to arrive early and last longer due to a potential shift to El Niño, the government is readying several agricultural measures, including AWD to maintain optimal rice production.

1 day ago
Economy premium

Govt scrambles for oil from anywhere amid Mideast supply crunch

While some Asian nations have declared energy emergencies amid the US-Israeli war on Iran, Indonesia has stopped short of following suit, stressing that domestic fuel and liquefied petroleum gas (LPG) supplies are secure.

2 days ago
Economy

WTO members try to close gap between US, India on e-commerce tariff moratorium

Countries are working to close the gap between the US and India to extend a global agreement not to impose tariffs on electronic transmissions such as digital downloads and streaming, diplomats said on Saturday.

2 days ago
Economy

WTO reform talks coming to the crunch

The ambassador facilitating talks on reforming the World Trade Organization has voiced cautious optimism on progress at a high-level meeting in the Cameroonian capital, where reforming the beleaguered global trade body is at the heart of a four-day ministerial conference.

3 days ago
Economy premium

Workers back transport reform over WFH to save on fuel

Drawing from past experience, employees said the WFH policy is cumbersome and stressful, and merely shifts energy consumption from daily commutes to other activities.

4 days ago
Economy premium

Purbaya injects Rp 100 trillion into state banks ahead of Idul Fitri

The placement brings the government’s total liquidity injections into state-owned lenders such as Bank Mandiri, BRI and BNI to around Rp 300 trillion.

5 days ago
Economy

Philippines suspends spot sales of electricity due to Middle East conflict

The suspension was ordered under a decree that declared a state of national energy emergency to deal with the fallout from the war, including disruptions to fuel procurement.

5 days ago
Economy premium

Production cuts, cost pressures cloud war-driven commodity windfall

On March 12, Finance Minister Purbaya Yudhi Sadewa said the state budget could reap windfall revenue from rising coal and CPO prices.

5 days ago
Economy

Philippines declares ‘national energy emergency’

The Philippines is also keeping the option of increasing its coal imports from top supplier Indonesia in an effort to reduce electricity rate hikes.

6 days ago
Economy

Indigenous knowledge helps save lives in flood-hit Malalo, Sumatra

Evidence shows that Indigenous, community-based mitigation systems are effective in saving lives during disasters. Therefore, legal recognition of Indigenous communities and customary forests is an urgent priority, alongside efforts to strengthen local knowledge systems and ensure their sustainability.

1 week ago
Economy premium

Public transport passenger numbers climb as ‘mudik’ travel peaks

Rail transport carried the largest share of passengers at 3.3 million, rising 13.46 percent year-on-year.

1 week ago
Economy

Ramadan 2026: More selective, not slower

Spending during Ramadan this year marked an overall shift in composition as consumers moved away from leisure toward necessities, giving policymakers clues as to how best to realign seasonal measures.

1 week ago
Economy premium

Self-reliance ‘common sense’, Prabowo says, as war tests global order

President Prabowo Subianto has declared that Indonesia’s aggressive push for food and energy self-reliance is not rooted in ideology but in "common sense", as it is required to survive a volatile global landscape.

1 week ago
Economy premium

Govt eyes 5.7% first-quarter growth on holiday spending

Despite global headwinds, the finance minister expects economic resilience, buoyed by spending over and beyond Idul Fitri, will help achieve 5.5-5.7 percent growth in the first quarter.

1 week ago
Economy

China vows more open economy, national treatment for foreign firms

Chinese Premier Li Qiang pledged on Sunday to further open up the economy and fully implement national treatment for foreign enterprises, as the country seeks to reassure the outside world amid rising global trade tensions.

1 week ago
Economy premium

Govt pledges not to increase fuel prices

The government is holding subsidized fuel prices steady through year-end as global oil price tops US$100 a barrel, with Finance Minister Purbaya Yudhi Sadewa saying the state will absorb the shock rather than pass it on to consumers.

1 week ago
Economy

US mulls lifting sanctions on Iranian oil at sea despite war on Tehran

US Treasury Secretary Scott Bessent said Thursday that Washington might lift sanctions on Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East.

1 week ago
Economy

China restricts fertilizer exports, further crimping war-tightened supply

Last year, China sent Brazil, Indonesia and Thailand roughly a fifth of their fertilizer imports and that figure stood at a third for Malaysia and New Zealand, according to International Trade Centre data. For India, it was around 16 percent, according to its trade data.

1 week 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.

1 week ago
Economy

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 week 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. 

1 week 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.

1 week ago
Economy premium

Cautious consumers scale back Idul Fitri spending as uncertainty weighs

Uncertain economic prospects and delayed or absent holiday allowance disbursements have made some consumers more cautious, prompting them to spend less and save more.

1 week ago
Economy premium

Indonesia must foster more productive firms, World Bank Group’s IFC says

International Finance Corporation (IFC), the World Bank Group’s private sector arm, has urged Indonesia to prioritize the growth of more productive, higher-value businesses through regulatory reforms.  

2 weeks ago
Economy premium

Prabowo querying slow progress on '3 million houses' program, Hashim says

The President's brother, who heads the public housing task force, says he has temporarily allayed Prabowo's concerns by pointing to the relatively recent existence of the housing ministry as a stand-alone institution.

2 weeks 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 weeks ago
Economy premium

Govt looks to spending cuts, deficit increase ‘only for crisis’

The government has emphasized that lifting the fiscal deficit cap, which sits at 3 percent of GDP, could only happen in a crisis, and that it is focusing instead on slashing government spending.

2 weeks ago

Today's ePost

Wed, April 1, 2026

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