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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.
10 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 agoChina is more exposed to the risk of shrinking world commerce than any other nation, with economic growth last year relying heavily on running a trillion-dollar trade surplus.
1 year agoIndonesia, which enjoyed a $16.8 billion surplus in trade with the United States last year, now faces a steep 32 percent tariff on goods exported to the US market.
1 year agoSix of the nine Southeast Asian countries listed by Trump were slapped with much bigger-than-expected tariffs of between 32 percent and 49percent. By comparison, the level for the European Union was 20 percent.
1 year agoAccording to the latest S&P Global report released on Monday, Indonesia’s manufacturing Purchasing Managers’ Index (PMI) dipped to a reading of 52.4 in March from 53.6 in February.
1 year agoThe government has dismissed a suggestion that less money circulated during Idul Fitri this year compared to previous years.
1 year agoThe White House confirmed on Tuesday that President Donald Trump will impose new tariffs on Wednesday, though it provided no details about the size and scope of trade barriers that have businesses, consumers and investors fretting about an intensifying global trade war.
1 year agoAsia's factory activity mostly weakened in March as an intensifying US tariff war and slowing global demand hurt business sentiment, private sector surveys showed on Tuesday, darkening the outlook for the region's economy.
1 year agoSouth Korea, China and Japan held their first economic dialogue in five years on Sunday, seeking to facilitate regional trade as the three Asian export powers brace from US President Donald Trump's tariffs.
1 year agoIndonesia is producing more chicken eggs than the domestic market needs, and the government is looking at other markets to handle the surplus.
1 year agoBritain's government is hoping to reach a last-minute post-Brexit trade agreement with Washington to avoid -- or at least mitigate -- more tariffs set to be announced on Wednesday by US President Donald Trump.
1 year agoChina's President Xi Jinping met with global CEOs in Beijing on Friday, as the government tries to woo foreign firms whose investment could give the ailing Chinese economy a boost and help insulate it against simmering geopolitical tensions.
1 year agoThe Coordinating Economic Minister downplayed Tuesday's temporary plunge to a record low in a doorstep interview on Wednesday, saying that currency fluctuation was “normal” and pointing to external factors as the cause, without elaborating.
1 year agoThe decision came after Prabowo held a meeting with New Development Bank (NDB) president Dilma Vana Rousseff at the State Palace in Jakarta on Tuesday.
1 year agoThe national currency temporary hit its lowest rate since the 1998 Asian Financial before inching back up to Rp 16,580 per dollar on Tuesday evening, the depreciating trend caused by investors jittery about the incoming US tariffs and geopolitical uncertainty, as well as domestic pressures.
1 year agoStocks are the second-largest component of life insurers' investment portfolios, after government bonds.
1 year agoNew sovereign fund Danantara Indonesia on Monday unveiled its "dream team" to chart its strategy, which included ex-presidents and advisory roles for hedge fund manager Ray Dalio, economist Jeffrey Sachs and influential former Thai premier Thaksin Shinawatra.
1 year agoThe event industry in Bali is under pressure from austerity measures, according to industry representatives, with significant revenue declines recorded as a result of reduced government trips and events.
1 year agoCredit rating agencies warn that a downgrade could be on the horizon if the government struggles to sustain economic growth or allows the fiscal deficit to widen by prioritizing political commitments over prudent financial management.
1 year agoUS Senator Steve Daines, a strong supporter of President Donald Trump, met with China’s economy tsar, Vice Premier He Lifeng, on Saturday, marking the first visit by a US politician to Beijing since Trump returned to the White House.
1 year agoWorth hundreds of billions of euros, the so-called spending "bazooka" has been pushed by the likely next chancellor Friedrich Merz, whose center-right CDU/CSU won elections last month and is now in coalition talks with the center-left Social Democrats (SPD).
1 year agoDonald Trump's top trade chief, Jamieson Greer, plans to speak with his Chinese counterpart next week, the US president said on Friday amid an escalating tariff war.
1 year agoAs Idul Fitri approaches, tens of millions of employees look forward to their annual holiday bonus (THR). To some, it’s a well-deserved reward to be used for instant gratification, but financial planners suggest keeping at least some for a rainy day.
1 year agoAccording to the National Nutrition Agency (BGN), which runs the free nutritious meal program, the new injection is expected to cover the cost of the full-scale program, estimated at Rp 25 trillion per month, once it launches in September
1 year agoUS President Donald Trump on Thursday invoked emergency powers to boost domestic production of critical minerals used widely across the economy as part of a broad effort to offset China's near-total control of the sector.
1 year agoIndonesian factories have laid off almost as many workers in the first two months of this year as in all of 2024, a labor union says, but the government counters that newly created jobs make up for the ones lost.
1 year agoA leading business groups predicts a 12.3 percent decline in money circulation compared to last year’s Islamic festive season as the Transportation Ministry expects fewer people to leave urban centers for their hometowns.
1 year agoOfficials began lifting borrowing costs last year after nearly two decades of ultra-loose monetary policies aimed at kickstarting torpid growth in the world's number four economy.
1 year agoIndustry Ministry data show the total manufacturing workforce expanded from 17.43 million in 2020 to 19.96 million by the end of last year.
1 year agoExports from Indonesia’s manufacturing and agriculture sectors have seen strong growth thanks to a considerable boost from crude palm oil (CPO) and machinery, but the mining industry has suffered a sharp annual decline.
1 year agoThe week is a busy one with a series of central bank policy meetings, including by the US Federal Reserve. It is widely expected to keep rates on hold when its meeting concludes on Wednesday.
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