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Jakarta Post
Economy

China 'evaluating' US offer to negotiate tariffs

The United States has approached China to seek talks over Trump's 145 percent tariffs and Beijing's door was open for discussions, the commerce ministry said.

6 hours ago
Economy premium

Fiscal revenue down 17% yoy in first quarter

In its monthly update for March, the Finance Ministry said state revenue had fallen 17 percent in the first three months of this year compared to the first quarter last year amid weaker corporate earnings. ...

23 hours ago
Economy

Trump blames Biden for shrinking US economy

The sharp increase in imports was a reflection of businesses and consumers stockpiling foreign goods to get ahead of Trump's sweeping trade levies, which went into effect earlier this month. ...

1 day ago

The Latest

Economy premium

Savings crunch may stall banks' loans growth in 2025

With loan-to-deposit ratios (LDR) of 98 percent and 96.1 percent, respectively, Bank Mandiri and BNI exceeded the OJK’s recommended range of 78 to 92 percent last year.

2 months ago
Economy premium

Car sales plunge further in another bad start to the year

Despite a sluggish start to the year, an industry association targets a modest increase in sales to 900,000 new cars for 2025.

2 months ago
Economy premium

New JETP colead Germany to dispatch delegation to Jakarta this month

Germany, which recently replaced the United States as a coleader in Indonesia’s Just Energy Transition Partnership (JETP), is set to dispatch a delegation to Jakarta this month to discuss the program’s implementation.

2 months ago
Economy premium

China's rejection of Thai durian opens door for Indonesian exporters

Indonesia eyes a bigger slice of the global durian market, and a recent rejection of Thai supplies by the world's largest importer, China, might help local producers increase exports.

2 months ago
Economy

Airbus and Boeing eye India's 'soaring skies'

The sustained growth of its economy and middle class have made India and its 1.4 billion people the third-largest air market in the world, after the United States and China.

2 months ago
Economy

Trump says he will announce reciprocal tariffs on many countries next week

President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries by Monday or Tuesday of next week, a major escalation of his offensive to tear up and reshape global trade relationships in the US' favor.

2 months ago
Economy premium

EU, France pledge 14.7 million euros for energy transition

The European Union and France have promised 14.7 million euros (US$15.3 million) in grants for a five-year technical assistance program dubbed the Indonesia Energy Transition Facility (IETF).

2 months ago
Economy premium

2024 GDP beats forecasts on stronger consumption, investment

Despite weakness in exports, Indonesia’s gross domestic product (GDP) growth last year exceeded expectations on the back of stronger household spending and investment.

2 months ago
Economy

Indonesia's economy tops forecast but worries remain

Indonesia's economy grew more than expected last year, the government said Wednesday, as a pick-up in trade, mining and agriculture helped offset ongoing global headwinds.  

2 months ago
Economy

Trump halts Canada and Mexico tariffs, China still targeted

US President Donald Trump delayed the start of tariffs on neighbors Mexico and Canada for a month Monday -- but China remained in the firing line for levies that are putting the global economy on edge.

2 months ago
Economy premium

Govt mulls mandatory use of benchmark price for coal exports

The government is considering a policy that would require thermal coal exporters to sell the commodity using Indonesia’s coal reference price (HBA) to prevent Indonesian coal from being sold abroad at prices below the local benchmark.

2 months ago
Economy

Trump pauses Mexico tariffs as last-ditch Canada talks continue

US President Donald Trump paused tariffs on Mexico for one month after last-minute talks Monday -- but there was no breakthrough yet in negotiations with Canada on an issue that has sparked fears of a global trade war.

2 months ago
Economy premium

Inflation hits decades low amid electricity discount, waning spending power

Annual inflation in January 2025 is the lowest since January 2000, BPS says.

2 months ago
Economy premium

Manufacturers' confidence grows, but cost pressure remains: PMI reports

Though costs remain a concern, Indonesian manufacturers have increased buying activity and bolstered stockpiles of input and output inventories in anticipation of demand growth this year.

2 months ago
Economy

India faces warmer February, winter crops at risk

Maximum and minimum temperatures in most parts of the country will be above-average in the month, Mrutyunjay Mohapatra, director-general of the India Meteorological Department, told a virtual news conference.

2 months ago
Economy

China shrugs off new Trump tariffs but bruising trade war looms

Donald Trump's new tariffs will probably not have a major impact on China's economy but may herald the opening salvo of another bruising trade war with Beijing, analysts said Sunday.

3 months ago
Economy

Trump readies order for steep tariffs on goods from Mexico, Canada, China

US President Donald Trump is expected to sign an order on Saturday imposing hefty new tariffs of 25 percent on goods from Mexico and Canada and 10 percent on imports from China, potentially disrupting more than US$2.1 trillion worth of annual trade.

3 months ago
Economy premium

US backs out from JETP leadership role

The United States has backed out from its role as a co-leader alongside Japan in an international effort to help finance Indonesia’s energy transition, with Germany reportedly stepping into the breach.

3 months ago
Economy premium

Investment jumps 20.8% in 2024 as businesses gain confidence post election

Total investment grew by 20.8 percent to Rp 1.7 quadrillion (US$105 billion) last year compared to the previous year.

3 months ago
Economy

World awaits Trump tariff deadline on Canada, Mexico and China

With less than 24 hours before President Donald Trump's deadline to impose sweeping tariffs on the three biggest US trading partners -- Canada, Mexico and China -- the global economy is bracing for impact.

3 months ago
Economy

Trump repeats tariffs threat to dissuade BRICS nations from replacing US dollar

President Donald Trump on Thursday warned off BRICS member countries from replacing the US dollar as a reserve currency by repeating a 100 percent-tariffs threat he had made weeks after winning the November presidential elections.

3 months ago
Economy premium

Indonesia launches new credit scheme for labor-intensive industries

At the BRI Microfinance Outlook 2025 on Thursday in Jakarta, the senior economic minister launched a new credit scheme that carries a 5% interest subsidy rate to help labor-intensive industries.

3 months ago
Economy

Consumers at the heart of the ASEAN opportunity

Businesses looking to grow would do well to look toward the major markets in Southeast Asia.

3 months ago
Economy premium

Govt wants exported crude oil to go to domestic refineries instead

The move to redirect some crude oil initially allocated for export may increase the oil and gas trade deficit, experts warn, urging the government to diversify the downstream oil and gas industry in order to offset potential revenue losses from reduced exports.

3 months ago
Economy premium

Indonesia, India ink six MoUs to boost trade, investment

The CEO Forum held during the President's New Delhi visit produced several partnerships between Indonesian and Indian businesses across a variety of sectors, including pharmaceuticals and communications technology, to kick off new momentum in bilateral relations.

3 months ago
Economy

US Fed expected to hold rate steady despite Trump pressure to cut

After three interest rate cuts in a row, the US Federal Reserve is expected to take a breather on Wednesday and signal it will remain on pause until the data changes, despite pressure to cut from President Donald Trump.

3 months ago
Economy

US home sales in 2024 weakest in nearly 30 years

Sales of previously owned US homes slipped to their weakest level in about three decades last year on the back of high housing prices and mortgage rates, according to industry data released Friday.

3 months ago
Economy premium

Govt slashes ministerial, regional spendings to finance welfare programs

Finance Minister Sri Mulyani Indrawati says Rp 306 trillion in budget cuts will be reallocated to initiatives that directly improve the people’s welfare, such as the free meals program, food and energy self-sufficiency and health care.

3 months ago
Economy

BOJ raises interest rates to highest in 17 years

The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation stable around its 2 percent target.

3 months ago
Economy

How things stand in China-US trade tensions with Trump 2.0

This week, the mercurial magnate said 10 percent tariffs on all Chinese imports could kick in on February 1 -- and on the campaign trail touted a levy as high as 60 percent.

3 months ago

Today's ePost

Fri, May 2, 2025

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