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Jakarta Post
Economy premium

Illegal mining, inconsistent oversight scare off foreign investors

For foreign direct investment to flow into upstream projects and high-value processing facilities, investors need certainty that their concessions will be protected and that the rule of law will be enforced consistently.

19 hours ago
Economy premium

Wheat for Chinese cars? Russia turns to barter to skirt sanctions

Even as Russia builds warm ties with China and India, the return of barter shows just how far the war in Ukraine has distorted trading relationships for the world's biggest producer of natural resources, three decades after the 1991 collapse of the Soviet Union ushered in Russian economic integration with the West.  ...

1 day ago
Economy

US Democrats press Trump for a trade deal that curbs China's production

US Democrats have asked the Trump administration to press China to curb "structural overproduction", essentially overhauling Beijing's economic model, as Treasury Secretary Scott Bessent holds talks with Chinese officials in Spain. ...

1 day ago

The Latest

Economy premium

Bali takes massive economic hit from worst flooding in years

Environmentalists have blamed the deadly floods on overtourism and overdevelopment, particularly the conversion of agricultural land into commercial buildings.  

1 day ago
Economy premium

Govt flags irradiated scrap from Philippines amid contaminated shrimp exports to US

Following the FDA’s advisory over contaminated frozen shrimp from Indonesia, the government revealed it had detected the same radioactive isotop in scrap metal imports from the Philippines, though it has not confirmed a link between the two.

2 days ago
Economy premium

Unrest lays bare grievances over social mobility, equality

Social mobility, sociologists note, could be restored through better access to education and more job opportunities, but that would require industrialization, investment and a stronger formal sector.

3 days ago
Economy premium

Moody’s flags fiscal risks after shift in finance chief

While the new finance minister has promised not to make any major changes to next year's draft budget and instead focus on fiscal discipline, Sri Mulyani's departure has left markets nervous about her replacement's policy direction.

4 days ago
Economy premium

Industry pushes swift action on radioactive shrimp scare

The government noted that only a few accredited laboratories are currently capable of advanced food testing.

4 days ago
Economy premium

Consumer confidence hits 3-year low on job market jitters

The current job availability index fell further into pessimistic territory at 93.2, highlighting lingering pressure in the labor market.

4 days ago
Economy premium

Govt plans ‘fairer’ tax split, giving revenue to workers’ regions

Experts cautioned that the policy could unintentionally encourage companies to hire only workers who live nearby.  

5 days ago
Economy premium

Purbaya blames fiscal and monetary policies for recent unrest

Economists argue that the root cause lies in public dissatisfaction that has been building over fragile social and economic conditions.

5 days ago
Economy premium

Economists press Prabowo to fix budget, governance

A group of hundreds of local economists has called on the government to focus on spending priorities and bring back institutional independence as part of seven “urgent economic demands” to achieve social welfare and equality.

5 days ago
Economy premium

New economic zones to invite EV firms, halal products industry

The government has announced plans to establish six new special economic zones (SEZs) covering various industries, from the halal sector to electric vehicles (EVs).  

6 days ago
Economy premium

Surging coconut exports squeeze local processing industry

Indonesia’s coconut exports are surging, raising concerns among industry groups that domestic processing businesses are being squeezed by limited raw material supply.

6 days ago
Economy premium

New finance minister signals budget continuity

Entering office just weeks before the 2026 state budget is to be passed into law, newly appointed Finance Minister Purbaya Yudhi Sadewa vows to make no major changes to the draft and to maintain fiscal discipline. He also said he would learn the ins and outs of his new post from his well-regarded predecessor, Sri Mulyani Indrawati.

6 days ago
Economy premium

The effectiveness of special economic zones in driving economic growth

Last year, only seven of the 22 SEZs exceeded their investment targets, including Nongsa in Batam, Kura Kura in Bali and Kendal in Central Java.

6 days ago
Economy

New finance chief Purbaya vows to create 'optimal' fiscal policy

Purbaya joined the government under various roles since 2010 and has been the head of the Indonesia Deposit Insurance Corporation since 2020.

1 week ago
Economy premium

Global tensions, tech shifts put pressure on budget, departing Sri Mulyani warns

Sri Mulyani’s farewell as finance minister comes at a turbulent time as widespread protests and riots over lawmakers’ allowances, injustice and police brutality shook the country in late August.

1 week ago
Economy

Indonesia presses businesses to find a million cows

The centerpiece of a program to provide free meals to 83 million children and expectant mothers, the plan calls for importing a million dairy cows over five years, at a cost of nearly $3 billion, to lift the size of the country's dairy herd more than four-fold from 220,000 now.

1 week ago
Economy

New finance minister seeks quick boost for economy, says 8% growth 'not impossible'

Newly appointed finance minister Purbaya Yudhi Sadewa said on Monday that 8 percent economic growth was "not impossible" and that he would find ways to quickly boost the economy.

1 week ago
Economy

BPOM chief visits Nestle Indonesia’s Karawang factory

Nestlé Indonesia received a visit from the head of the Food and Drug Monitoring Agency (BPOM), Dr. Taruna Ikrar, MBiomedSc, and his staff on Aug. 4 at the Karawang factory in West Java.

1 week ago
Economy

Japan revises Q2 GDP higher on upbeat consumer spending

Japan's economy expanded much faster than initially estimated in the second quarter, driven by upward revisions in private consumption and inventories, giving policymakers some assurance as they navigate political and trade uncertainty.

1 week ago
Economy

World food prices at more than two-year high, FAO says

Rice prices eased, mainly because of a fall of Indian prices to three-year lows on rupee weakness and intense competition among exporters.

1 week ago
Economy premium

US tariffs leave footwear firms between rock and hard place

Cost competitiveness is a key concern as local footwear producers face dual pressures from both the regional and domestic markets, as well as a potential influx of cheaper goods from China, industry groups say.

1 week ago
Economy premium

Consolidation will define Southeast Asia’s petrochemical future

Despite the post-pandemic recovery, the global petrochemical sector has failed to stabilize. Overcapacity, slowing demand growth and intensifying competition have pushed margins to their lowest levels in more than a decade. Persistent oversupply will remain the dominant challenge through the end of this decade.

1 week ago
Economy

US trade gap widest in 4 months as imports surged ahead of tariffs

The US trade deficit expanded more than expected in July to its widest in four months, government data showed Thursday, on a surge in imports before a fresh wave of President Donald Trump's tariffs kicked in.

1 week ago
Economy

US 'very troubled' by Norway wealth fund's divestment from Caterpillar

President Donald Trump’s administration said on Wednesday it was "very troubled" by the Norwegian sovereign wealth fund's divestment of US construction equipment group Caterpillar, and is engaging with Norway's government on the issue.

1 week ago
Economy premium

Sri Mulyani seeks to reassure public, investors

Days after a weekend marked by riots and the ransacking of officials’ houses, including her own, Finance Minister Sri Mulyani Indrawati has sought to reassure the public and investors about the state of the country’s economy and her own role in it.

1 week ago
Economy premium

Global currency volatility remains elevated: What about the rupiah?

An interplay of external and domestic factors has determined the rupiah's performance this year to date, and keeping an eye on established risks through approaches like monetary discipline and deepening regional cooperation will help safeguard currency stability toward improved economic resilience.

1 week ago
Economy premium

Indonesia urges EU not to appeal WTO’s biodiesel ruling

The government is urging the European Union not to appeal a recent World Trade Organization (WTO) ruling that supports Indonesian biodiesel exports.

1 week ago

Today's ePost

Tue, September 16, 2025

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