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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.

17 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

Indonesian economy suffers heavy losses from riots

Retailers have suffered an estimated Rp 500 billion (US$33 million) in lost sales over five days of unrest, while small businesses saw revenue plunge by up to 90 percent as demonstrations disrupted operations and supply chains.

1 week ago
Economy premium

Firms cut insurance spending by 30 percent as economy slows

Broader economic uncertainty is weighing on investment and household purchasing power, while the impact of recent government policies on the real sector and financial services has yet to be felt, according to an industry association.

1 week ago
Economy premium

Indonesia sees 10 percent surge in foreign visitors through July

In early 2025, foreign arrivals declined steadily from January, falling to a low of 984,770 in March before rebounding in the following months.  

2 weeks ago
Economy premium

RI manufacturing back in expansion after monthslong slump

The rise of new orders was mainly driven by an increase in exports, which grew at the steepest rate since September 2023, alongside stronger demand in the domestic market.

2 weeks ago
Economy premium

Strong exports bolster Indonesia’s monthly trade surplus

Indonesia achieved a trade surplus for a 63rd consecutive month as the country’s exports exceeded imports by US$4.17 billion in July.

2 weeks ago
Economy premium

Inflation eases in August despite rising food prices

Expenditures in the food, beverage and tobacco category contributed most to monthly deflation in August, when the CPI eased to 108.51 from 108.60 in July.

2 weeks ago
Economy

China manufacturing activity shrinks for fifth straight month in August

China's manufacturing activity shrank for a fifth straight month in August, an official survey showed on Sunday, suggesting producers are waiting for further clarity on a trade deal with the US while domestic demand remains sluggish.

2 weeks ago
Economy premium

Success of 'Indonesia inc' hinges on unity, IBC's Arsjad says

The IBC's supervisory board chairman has underlined that unity between government, businesses and society under a single command is necessary to realize the nation's "0-8 vision" of zero poverty and 8 percent GDP growth.

2 weeks ago
Economy

Most Trump tariffs are not legal, US appeals court rules

A divided US appeals court ruled on Friday that most of Donald Trump's tariffs are illegal, undercutting the Republican president's use of the levies as a key international economic policy tool.

2 weeks ago
Economy

Trump demand for Japan to buy more US rice snagged trade talks, Nikkei says

A Trump administration request that Japan buy more US rice caused this week's snag in bilateral trade talks as Tokyo "strongly objected" to the condition, the Nikkei newspaper reported on Saturday.

2 weeks ago
Economy premium

Local tourism surges on viral 'aura farming' Pacu Jalur video

A viral “aura farming” TikTok clip showcasing a Kuantan Singingi festival has provided a vital momentum for meme tourism in Indonesia, leading to a public-private collaboration that helped exploit the meme tourism trend and turn it into an economic boost for Riau.

2 weeks ago
Economy premium

Govt suspends lobster farming deal with Vietnam over smuggling

The partnership, now in its second year, requires Vietnamese businesses seeking lobster larvae to conduct their farming operations in Indonesia in collaboration with local partners.

2 weeks ago
Economy

India's Modi seeks closer ties on Asia tour to offset fallout from US tariffs

Indian Prime Minister Narendra Modi heads overseas on Thursday to meet the leaders of China, Japan and Russia, seeking to build closer diplomatic ties as New Delhi battles fallout from US President Donald Trump's escalating tariff offensive.

2 weeks ago
Economy premium

Patriot bond issuance sparks concerns

Several conglomerates have publicly voiced support for the privately placed bond, which is reportedly oversubscribed ahead of the launch.  

2 weeks ago
Economy

US tariffs on Indian goods double to 50% over Russian oil purchases

Trump has raised pressure on India over the energy transactions, a key source of revenue for Moscow's war in Ukraine, as part of a campaign to end the conflict.

2 weeks ago
Economy premium

Govt raises rice price cap despite increased stock

The Rice and Grain Milling Entrepreneurs Association (Perpadi) welcomed the move, as rising production costs had made it difficult for mills to operate under the previous price cap.

2 weeks ago
Economy

Bessent says US tariff revenue could be well over $500 billion a year

US Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump's tariffs may top US$500 billion a year, with a substantial jump from July to August and likely a bigger jump in September.

2 weeks ago
Economy

US agrees tariff exemption for RI's palm oil, cocoa, rubber, senior minister says

The exemption will take effect once both sides reach a final pact, but no timeline was set as the US was busy in tariff talks with other countries.

2 weeks ago
Economy premium

Danantara to raise Rp 50 trillion through low-coupon ‘patriot bonds’

Danantara Indonesia plans to raise Rp 50 trillion through so-called patriot bonds to fund waste-to-energy facilities and strategic projects in what the government bills as a move to boost public-private collaboration for long-term national development.

2 weeks ago
Economy premium

Textile industry, govt at odds over rising yarn imports

The Indonesian Filament Yarn Producers Association (APSyFI) accused the government of bowing to “import mafia” interests at the expense of local producers of similar goods who are struggling to survive.

3 weeks ago
Economy

China coal power surges even as renewables hit record high

Coal accounts for around half of China's power generation, down from three-quarters in 2016.

3 weeks ago
Economy

Indonesia urges EU to remove countervailing duty on biodiesel after WTO ruling

The Trade Ministry on Monday urged the European Union to immediately remove countervailing duties on biodiesel imports, after the World Trade Organization backed the Southeast Asian country on several key claims in a complaint to the trade body.

3 weeks ago
Economy

India's Modi dangles tax cuts as US tariffs loom

Indian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say.

3 weeks ago
Economy

Trump says US is conducting tariff investigation into furniture imports

President Donald Trump said on Friday his administration will conduct a "major" tariff investigation on furniture entering the United States, a step toward imposing higher duties on a sector already seeing tariff-fueled price increases.

3 weeks ago
Economy premium

Concert pullouts signal sponsorship, spending strains

Experts point to waning interest from corporate sponsors, especially SOEs that have “reallocated budgets” to programs more closely tied to government priorities, as a key driver behind the wave of festival cancellations.

3 weeks ago
Economy premium

US radioactive material alert halts work at Indonesian shrimp exporter

BMS Foods says it has suspended all production and shipments to the United States pending investigations by Bapeten, BRIN and the Maritime Affairs and Fisheries Ministry.

3 weeks ago
Economy

Eurozone business activity up as new orders grow, PMI shows

The manufacturing sector showed notable improvement as its headline PMI rose to 50.5 from 49.8 in July, moving into expansion territory for the first time in more than three years.

3 weeks ago
Economy premium

Bank lending slows further on stricter standards, weak demand

Bank Indonesia (BI) has flagged declining loan growth in the country’s banking industry amid stricter lending standards and weak demand, emphasizing the need to boost credit disbursement to push national economic growth.  

3 weeks ago
Economy premium

LPG imports from US risk increasing subsidy burden

Analysts urge the government to diversify supply sources and strengthen energy security to avoid overdependence on costly routes.

3 weeks ago
Economy premium

Southeast Asian exporters brace for US transshipment crackdown

Though not yet enacted, experts see a threatened 40-percent tariff on transshipped goods as a serious risk given Southeast Asia’s deep connection with Chinese manufacturers.  

3 weeks ago

Today's ePost

Tue, September 16, 2025

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