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Jakarta Post
Economy premium

June inflation ticks up as food prices climb

On an annual basis, headline inflation climbed to 1.87 percent, up from 1.6 percent in May.

4 hours ago
Economy premium

Indonesia posts $4.3b surplus in May on strong exports of CPO, steel

Despite ongoing trade talks in view of Trump's looming tariffs, the United States still contributed the most to Indonesia’s surplus in the January-May period this year, even jumping 31 percent to $7.08 billion compared to last year's figure. ...

6 hours ago
Tech

CBEX crypto scam: AI-hyped Ponzi scheme defrauds African investors

CBEX used a "brandjacking" tactic, claimed to be licensed in the US, and said that a firm called ST Technologies International was responsible for the AI trading signals. ...

9 hours ago

The Latest

Economy

Japan says it won't sacrifice farm sector after Trump complains about rice

US President Donald Trump wrote in a social media post that Japan's reluctance to import American-grown rice was a sign that countries have become "spoiled with respect to the United States of America."

11 hours ago
Regulations premium

RI pushes EV battery, critical mineral projects to woo US in tariff talks

State asset fund Danantara will also be involved in the mineral project being offered.

13 hours ago
Regulations premium

JETP head flags bottlenecks in green energy procurement

For the transition to succeed, JETP emphasized that PLN must not only accelerate renewable procurement but also prioritize inclusive access and ensure project viability across all regions.

16 hours ago
Regulations

China to keep anti-dumping steel duties on Indonesia, EU and South Korea

The duties on stainless steel billets and hot-rolled plates, first levied by Beijing in 2019, range from 20.2 percent for Indonesian imports to 43 percent for those from the EU.

1 day ago
Tech

Trump says 'very wealthy' group to buy TikTok

"We have a buyer for TikTok, by the way," Trump said in an interview on Fox's Sunday Morning Futures with Maria Bartiromo. 

1 day ago
Companies

Godrej Launches Daycare, Supporting Working Moms with Equity and Peace of Mind

Many working parents in Indonesia, especially mothers still face a dilemma between family responsibilities and their careers. To address this issue, Godrej Consumer Products Indonesia (GCPI) established IPLAY at Godrej, a permanent in -house daycare center designed to support working parents.

1 day ago
Regulations

Canada rescinds tax on US tech firms in hopes of Trump trade deal

The digital services tax, enacted last year, would have seen US service providers such as Alphabet and Amazon on the hook for a multi-billion-dollar payment in Canada by Monday, analysts have said. 

1 day ago
Regulations premium

Indonesia to relax import rules as US tariff deadline nears

Five commodities prioritized for deregulation include forestry products, subsidized fertilizers, raw materials for plastic, other fuel types and food trays used in President Prabowo Subianto’s flagship free nutritious meals program.

1 day ago
Companies premium

Prabowo breaks ground on $5.9b EV battery plant in West Java

The plant's first phase is slated to begin operations by late 2026 with an initial production capacity of 6.9 GWh.

1 day ago
Economy premium

Govt imports over 1,500 dairy cows to boost milk production

Indonesia’s milk production currently only covers 21 percent of total national demand, leaving a deficit of 4.6 million tonnes per year.

1 day ago
Companies

Standard Chartered supports female economic empowerment with Rp 385 billion loan to MBK

Standard Chartered Indonesia has extended its partnership with PT Mitra Bisnis Keluarga Ventura (MBK) through a new loan facility worth Rp 385 billion, which is set to support approximately 128,000 women across Indonesia.

1 day ago
Markets premium

Indonesian exporters grapple with global shift to higher-grade coal

A global shift in coal markets, along with ongoing geopolitical tensions, have left local miners scrambling to realign their strategy to offset shrinking export opportunities by shifting their focus to domestic sales and making inroads into smelting.

2 days ago
Companies

VinFast opens second domestic EV factory amid global expansion

The new facility, located in the central province of Ha Tinh, has an initial annual capacity of 200,000 units and spans 36 hectares (90 acres), the company said in a statement. 

2 days ago
Economy

G7 agrees to exempt US multinationals from global minimum tax

The Group of Seven nations said Saturday they have agreed to exempt US multinational companies from a global minimum tax imposed by other countries -- a win for President Donald Trump's government, which pushed hard for the compromise.

2 days ago
Economy

US inflation edges up as Trump renews criticism of Fed chief

The US Federal Reserve's preferred inflation measure logged a mild uptick Friday while spending weakened, triggering another tirade by President Donald Trump against the central bank chair for not cutting interest rates sooner.

3 days ago
Economy

Trump cuts off US trade talks with Canada, shattering optimism over tariff deals

US President Donald Trump abruptly cut off trade talks with Canada on Friday over its tax targeting US technology firms, saying that it was a "blatant attack" and that he would set a new tariff rate on Canadian goods within the next week.

3 days ago
Tech premium

Govt to require e-commerce platforms to collect tax from sellers

A new regulation is in the works that aims to collect sales tax via e-commerce platforms, coming at a time industry recorded a slowdown in GMV growth from just 3.7 percent in 2023 to 5 percent last year.

4 days ago
Companies

Xiaomi receives almost 300,000 SUV pre-orders in minutes

Lei Jun, founder and CEO of the electronics-turned-car company, said he was astonished by the reaction from customers.

4 days ago
Economy

China confirms trade deal reached with United States

"It is hoped that the United States and China will meet each other halfway," a spokesperson for the commerce ministry said in a statement.

4 days ago
Economy premium

Prabowo launches Rp 25t geothermal, solar power plants in 15 provinces

The President launched 50 renewable power plants and five renewable projects nationwide on Thursday, including 47 solar plants to electrify around 5,600 villages that still lack access to power.

4 days ago
Companies

Nike plans to reduce reliance on China production for US market to soften tariff blow

Nike said it would cut its reliance on production in China for the United States market to mitigate the impact from US tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue, sending its shares up 11 percent in extended trading.

4 days ago
Markets

Shares rally but dollar weakens with Fed independence seen under threat

Asia shares hit their highest level in more than three years on Friday as they tracked a Wall Street rally, though the dollar struggled on concerns about the Federal Reserve's independence and expectations for early rate cuts.

4 days ago
Tech

Crypto gains foothold in Bolivia as small businesses seek currency alternatives

Some Bolivians are turning to crypto exchanges like Binance, cryptocurrencies like Bitcoin, and stablecoins like Tether as a hedge against the depreciation of the boliviano.

5 days ago
Companies

Green NGOs raise concern over $6b EV battery project

Environmental groups raised concerns Thursday over a $6 billion Indonesian EV battery megaproject backed by Chinese giant CATL, which is set to open on a once-pristine island, as Jakarta exploits its huge supply of nickel.

5 days ago
Economy premium

Danantara to revamp barren fish farms in northern Java regions

The program will begin with 20.4 hectares of shrimp ponds in the regencies of Bekasi, Karawang, Subang and Indramayu in West Java, with a bulk of the funding coming from the state-run asset fund.

5 days ago
Regulations premium

Govt drops foreign loan plan for Prabowo’s 3 million homes push

Public Housing and Settlements Minister Maruarar “Ara” Sirait stated that funding is now expected to come from the state asset fund Danantara, which plans to allocate Rp 130 trillion (US$8 billion) for the housing sector.

5 days ago
Regulations premium

Govt cuts corners on cooperatives program despite pending bill

Experts have criticized the move as a regulatory shortcut that risks legal inconsistencies, undermines the democratic principles of cooperatives and exposes them to poor governance and potential financial pitfalls.

5 days ago

Today's ePost

Tue, July 1, 2025

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