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Said Iqbal, special presidential advisor for employment and workers’ welfare, stated those companies located in Pasuruan and Mojokerto, East Java, referred to them only by the initials PT J and PT S.
5 hours agoRolling power outages across parts of Java and Bali over the weekend have disrupted household and business activities, reigniting concerns over the reliability of Indonesia’s electricity system, with experts warning that the situation could persist for up to two more weeks. ...
1 day agoIndustry representatives stated that fiscal pressures have narrowed spending capacity among regional governments, particularly for healthcare services and medical equipment procurement. ...
1 day agoAccording to "State of Global Islamic Economy Report 2024-2025", Indonesia is ranked third in the global Islamic economy, after Malaysia and Saudi Arabia.
4 months agoPresident Prabowo Subianto held meetings with Indonesian business leaders at his private Hambalang estate, during which he stated his commitment to improving the ease of doing business.
4 months agoJust under a week since he was sworn in last Thursday, the ex-Bank Indonesia deputy governor is setting his sights accelerated state spending this quarter to reach up to 5.6 percent growth from an initial 5.5 percent target.
4 months agoThe European Union has proposed unprecedented sanctions against Indonesia’s Karimun Port for handling Russian oil.
4 months agoThe retail sales index dipped slightly in January when compared with the holiday month of December but is up a strong 7 percent year-on-year.
4 months agoAlthough formal job creation has improved, job quality, reflected in income stability, benefits and productivity, remains unequal.
4 months agoState Secretary Prasetyo Hadi said on Monday that the government continued to adhere to fiscal rules and had not breached statutory deficit limits, stressing that budget management remained on a prudent footing.
4 months agoBulog’s planned warehouse in the Haj Village will also be used to store other food commodities from Indonesia, such as meat and fish, to meet the consumption needs of the haj pilgrims.
4 months agoThe poverty rate rests at a historic low of 8.25 percent of the total population, continuing its declining trend from September 2022.
4 months agoThe former deputy finance minister, who also President Prabowo Subianto's nephew, replaced Juda Agung, who resigned as BI deputy governor on Jan. 13 and was inaugurated as deputy finance minister on Thursday.
4 months agoJapanese stocks soared to record highs Monday after Prime Minister Sanae Takaichi's election triumph, but experts warned that the country's first woman leader could struggle to keep both voters and markets happy.
4 months agoData from the Manpower Ministry in January showed a 13 percent layoff increase in 2025 compared with the preceding year.
4 months agoEconomists interpret the rating agency’s latest assessment as a serious corrective signal, noting that a downgrade in Indonesia’s credit rating could sharply raise borrowing costs and pile pressure on the rupiah.
4 months agoIn what appears to be a coordinated role swap, the President has appointed a former BI deputy governor to fill the deputy finance minister post left vacant by his nephew Tommy Djiwandono, who is set to take up his new job as BI deputy governor.
4 months agoThe government has announced a temporary waiver on value-added tax (VAT) for airline tickets for the upcoming Idul Fitri holiday period, when travel demand spikes across the country.
4 months agoIndonesian stocks and currency traded weaker in early trade on Friday after Moody's lowered the country's credit rating outlook, the latest jolt in a turbulent start to the year for Southeast Asia's largest economy.
4 months agoEconomic growth improved slightly last year but failed to meet the government’s target set out in the state budget.
4 months agoThe figures come days after the country's stock market suffered its worst crash in decades after index compiler MSCI threatened a downgrade over the transparency of the free-float stocks.
4 months agoThe finance minister stated that the 2025 deficit was deliberately pushed close to the 3 percent limit to ensure that the economic downturn did not spiral into a recession.
4 months agoStatistics Indonesia (BPS) reported that annual inflation reached 3.55 percent year-on-year (yoy) in January, citing a low base effect after the figure fell below its normal trend in January last year because of electricity tariff discounts.
4 months agoSuccessfully reforming the WTO is a matter of life and death for the organization, warns the facilitator of talks on revamping the global trade body.
4 months agoThe imports, tracked by Kpler and Vortexa, came as the prospect of declining demand from India, one of the main buyers of Russian crude, has depressed prices of the western-sanctioned oil, sales of which are vital in helping fund the war in Ukraine.
4 months agoThe government has logged another annual increase in layoffs, continuing a four-year trend that points toward a growing informal sector.
4 months agoCoordinating Economy Minister Airlangga Hartarto says all negotiation points on a tariff deal with the United States have been agreed between the two sides, and all that is left is signing by the respective presidents, pending scheduling.
4 months agoStrong household consumption, fiscal acceleration and transmission from government capital spending to investment may be sufficient to grow economic growth faster in Q4 2025.
4 months agoThe Association of Indonesian Automotive Manufacturers (Gaikindo) recorded exports of 518,000 completely built-up (CBU) vehicles in 2025, marking an “all-time high”.
4 months agoDespite strong international commitments and ambitious national targets, Indonesia’s energy transition remains a work in progress. The challenge lies not in vision, but in translating ambition into coherent institutional leadership and equitable financing mechanisms as the country gradually shifts away from its fossil fuel–dominated energy mix.
4 months agoTrump said he was cutting levies on Indian goods to 18 percent. He had previously imposed 25 percent "reciprocal" tariffs on many products, plus an additional 25 percent for New Delhi's purchases of Moscow's oil.
4 months agoInvestors have been avoiding Indonesia and worry Prabowo's spending and cozy governance are slowly undoing hard-won progress made since the Asian Financial Crisis, when the rupiah collapsed and Prabowo's former father-in-law, Soeharto, was forced from office.
4 months agoIndonesia posted a 68th consecutive monthly trade surplus in December, thanks to rising exports and despite a global shift toward economic and strategic protectionism.
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