Recent Economy News: Economic Growth, Policy, and Trends

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Jakarta Post
Economy premium

Wiretapping scandal adds to market jitters, threatens investor confidence

Foreign investors stepped up their selling on Tuesday as news of the wiretapping case began circulating, recording net sales of Rp 575 billion (US$31.7 million) as the IDX Composite Index tumbled 3.78 percent.  

4 hours ago
Economy premium

Finance Ministry forecasts GDP growth at 5.4 percent

Finance Minister Suahasil Nazara has projected that this year’s gross domestic product growth will touch 5.4 to 5.5 percent, in line with the state budget plan. ...

10 hours ago
Economy

Investors brace for gridlock as Democrats projected to win House

Investors faced the potential for tougher regulation and oversight in areas such as AI as well as for legislative gridlock that could complicate the fiscal picture, as Democrats gained ground in the battle to wrest control of Congress from the Republicans. ...

14 hours ago

The Latest

Economy

Indonesia-EU trade: Mapping smallholders is the next step

According to Statistics Indonesia (BPS), smallholders tend 99.6 percent of its cocoa area, 98.6 percent of its coffee, 91.3 percent of its rubber and 43.9 percent of its oil palm, and most of this land is yet to be registered.

1 day ago
Economy premium

El Niño keeps food prices hot despite easing inflation

October’s volatile food inflation stood at 5.81 percent, continuing an upward trend that began in July.

2 days ago
Economy premium

Trade surplus narrows on rising energy imports

September's narrow trade surplus, which included an energy deficit of $2.31 billion due to a 37 percent jump in refined petroleum products, may shrink further on an anticipated rise in energy demand toward the year-end.

2 days ago
Economy premium

Domestic, foreign orders lift manufacturing activity in October

Despite stronger production, employment increased only marginally in October, according to the S&P Manufacturing Purchasing Managers’ Index (PMI), with job creation slowing from September.

2 days ago
Economy

South Korea to double spending on AI and chips in 2027

South Korea will double spending on AI and semiconductors in 2027 to a record high, the president said Monday, pledging to use the technology to turn the military into a "smart, elite force".

2 days ago
Economy premium

Prabowo wants businesses to do more for the nation

President Prabowo Subianto has asked the Indonesian Chamber of Commerce and Industry (Kadin) to become the government’s strategic partner, putting pressure on the organization to contribute more to national economic development.

3 days ago
Economy premium

WTO chief urges Indonesia to join interim mechanism, insists priority reform

WTO reform remained a priority despite related talks moving “much more slowly than we'd like”, WTO chief Okonjo-Iweala told reporters on Tuesday.

3 days ago
Economy

China's factory activity returns to contraction in October

China's factory activity slipped back into contraction territory in October, official data showed Saturday, despite sustained growth in high-tech industries, as the market for consumer goods weakened.

4 days ago
Economy premium

Hashim urges stronger tax collection, warns of capital flight risks

Kadin advisory board chairman Hashim Djojohadikusumo, who is also President Prabowo Subianto's younger brother, said Indonesia's state revenue amounted to just 12 percent of GDP, compared with 18 percent in Cambodia and 23 percent in Vietnam.

5 days ago
Economy

Bank of Japan says inflation hit 2% target after 13 years

The Bank of Japan said Friday inflation had hit its two percent target, more than 13 years after it adopted the goal in a bid to pull the economy out of deflation.

5 days ago
Economy premium

Free meals program offers little lift for MSMEs, survey finds

A research from Indef revealed that around 80 percent of MSMEs had yet to identify new business opportunities from the free meal program.

6 days ago
Economy

BP Batam’s leadership reflects on achievements, challenges ahead of 55th anniversary

Following a working visit to Seoul, BP Batam deputy for investment Fary Djemy Francis celebrated Batam’s achievements and pondered on the constant work to improve the island for its residents.

1 week ago
Economy premium

UAE to ship 30 million crude barrels to RI, says SKK Migas

Previously, Coordinating Downstream and Energy Transition Minister Bahlil Lahadalia claimed that Indonesia no longer bought crude oil from the Middle East and was diversifying its sources to other countries, including India and China.

1 week ago
Economy premium

Downgrading Indonesia: The price of getting by

As prices climb, families are switching to cheaper food, personal care products and health services, while cutting back on savings and leisure.

1 week ago
Economy premium

Higher fuel imports a headache for state budget

Higher-than-expected demand for subsidized gasoline is expected to add tens of trillions of rupiah to the state budget as the government looks to increase imports at a time of high global oil prices.

1 week ago
Economy

In Singapore, Merz seeks to widen market access to counter trade restrictions

The world is changing and the EU, with 450 million consumers, has become more active in seeking and building on partnerships to expand free trade with open competition, reliability and a rules-based order, Merz said during a visit to Singapore. 

1 week ago
Economy

South Korean investment in Batam reaches US$65.1 million as BP Batam seeks opportunities

South Korean investment in Batam surged to Rp1.175 trillion (US$65.1 million) in the first half of 2026, making the country the island’s third-largest foreign investor. BP Batam is now seeking to build on this momentum by promoting opportunities in aviation, logistics, electronics and other strategic industries.

1 week ago
Economy

Singapore to explore new tech to weather global ‘resource nationalism,' minister says

To navigate these headwinds, the city-state is strengthening the diversity of its energy sources, and taking steps to ensure it has the infrastructure required to support them, he said at the opening of the Singapore International Energy Week conference at Marina Bay Sands.

1 week ago
Economy premium

Indonesia, Singapore at odds as gas export cut raises energy concerns

Coordinating Downstream and Energy Transition Minister Bahlil Lahadalia said that the government would evaluate contracts with countries that did not “show respect” to Indonesia.

1 week ago
Economy premium

MSCI warning triggered ‘manageable’ outflow from bond market, BI reveals

Bank Indonesia has revealed that MSCI’s warning sparked immediate capital outflows from the bond market but had only a limited effect on the rupiah exchange rate.

1 week ago
Economy

Indonesia cuts gas exports to Singapore

Indonesia cut exports of natural gas to Singapore on Saturday to prioritize domestic demand, an official said, with the two countries at loggerheads over regional air pollution emanating from wildfires on the vast archipelago.

1 week ago
Economy premium

Indonesia eyes November gas boost from $891m Maha Field

Natural gas production from East Kalimantan's offshore region is targeted to increase to about 750 million standard cubic feet per day (mmscfd) starting Nov. 1, driven by an additional supply of about 290 mmscfd from JNE#6 and the development of the Maha-South Hub field.

1 week ago
Economy premium

Kadin urges disaster resilience, policy certainty to spur investment

According to the business chamber, only around one-third of businesses planned to invest in the near future, while others are taking a wait-and-see approach.

1 week ago
Economy

Indonesia Eximbank highlights CPNE initiative in push for export-ready SMEs

As one of Indonesia Eximbank’s flagship programs, the Coaching Program for New Exporters (CPNE) initiative is aimed at Indonesian businesses that have never directly exported before, with an expected output of new exporters, new products, or new markets.

1 week ago
Economy premium

Indonesia will not approach 8% GDP growth anytime soon, Fitch forecasts

A Fitch statement released on Wednesday forecast Indonesia's GDP growth would likely hover around 4.9 percent in 2027 and 2028, nowhere near the President’s ambitious 8 percent target despite an upward revision from an initial projection of 4.7 percent.

1 week ago
Economy premium

Airlines, passengers bear cost of haze-hit flights

The Indonesian National Air Carriers Association (INACA) said airlines had limited flexibility to cut costs during the disruptions, as safety remained paramount and some operating expenses continued even when flights were grounded.

1 week ago
Economy premium

East Java governor visits energy ministry as fuel queues stretch across region

Pertamina also recently increased Biosolar distribution by 20 percent in Padang, West Sumatra, to address long queues at gas stations that the company attributed to surging demand for subsidized fuel.  

2 weeks ago

Today's ePost

Thu, November 5, 2026

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