National Development Planning Minister/National Development Planning Agency (Bappenas) head Rachmat Pambudy (center) shakes hands with the Indonesian Fintech Associaiton (Aftech) chairman Pandu Sjahrir (right) on Friday while chairman of the Aftech supervisory board Arsjad Rasjid look on in Jakarta. Bappenas and Aftech launched the Digital × Real Sector Launchpad to push for digital transformation.

Bappenas, Aftech launch platform to push digital transformation

The Digital x Real Sector Launchpad has been implemented at dairy cow cooperative in Malang, East Java, providing various services to support digital transformation.

1 month ago

Companies premium

Telkom to consolidate weak subsidiaries in major shake-up

Telkom's new CEO is starting her tenure with a bang, kicking off an initiative to strengthen the state-owned telco's bottom line by streamlining underperforming subsidiaries through internal consolidation and possibly external mergers. ...

1 month ago

Markets

OPEC+ to hike petrol output to 548,000 bpd in August

The meeting comes after a 12-day conflict between Iran and Israel, which briefly sent prices above US$80 a barrel. ...

1 month ago

The Latest

(Left to right) Malaysia's Prime Minister Anwar Ibrahim, the president of the Brazilian Industry Conference, Ricardo Alban, Brazil's President Luiz Inacio Lula da Silva, and Brazil's Vice President and Minister of Industry and Trade Geraldo Alckmin attend the BRICS Business Forum in Rio de Janeiro, Brazil, on July 5, 2025.

Regulations

BRICS finance ministers make unified proposal for IMF reforms

The joint statement by the group's finance ministers marks the first time the BRICS countries haveagreed on a unified position on the proposed reforms. They agreed to back the shared proposal at an IMF review meeting coming up in December, which will discuss changes to a quota system that defines contributions and voting rights.

1 month ago

Attendees stand at the entrance to the BRICS Business Forum in Rio de Janeiro, Brazil, on July 5, 2025.

Economy

BRICS nations voice 'serious concerns' over Trump tariffs

The draft summit declaration does not mention the United States or its president by name. But it is a clear political shot directed at Washington from 11 emerging nations, including Brazil, Russia, India, China and South Africa.

1 month ago

Workers stitch apparel at a garment factory in Vietnam's Thai Nguyen Province on July 2, 2025.

Economy

Vietnam posts 7.5% growth in first half of 2025: Statistics office

The strong growth figure comes just days after Vietnam averted the most punishing of United States President Donald Trump's threatened "reciprocal" tariffs on its exports.

1 month ago

Members of Cool Young Farmers (Petani Muda Keren) community based in Bali planting a tree on agricultural land in this undated photo.

Economy premium

Bali continues agriculture push on shaky ground

The island province, long known for its sandy beaches, terraced rice farms and unique temple culture, is still struggling to find a way to ramp up its agriculture industry and move away from its reliance on tourism as the key economic contributor.

1 month ago

In order: Motorcycle deliverymen working for three different online companies, Gojek, Grab and Shopee, wait for the green light at a crossroads on Feb. 10, 2022, in Jakarta.

Regulations premium

Drivers, customers wary of ride hailing fare hike plan

The proposal follows a major driver protest in May, during which drivers demanded higher fares and lower commission rates from the apps.

1 month ago

US President Donald Trump attends a business forum in Abu Dhabi on May 16, 2025.

Regulations

Trump to start informing countries of US tariffs Friday

"My inclination is to send a letter out and say what tariff they're going to be paying," he told reporters on Thursday. "It's just much easier."

1 month ago

Fresh start: A woman and her child walk past subsidized housing for media industry workers on June 5 at Gran Harmoni Cibitung Residential Complex, Bekasi Regency, West Java.

Regulations premium

Govt expands microloans to boost housing, sugarcane farming

The government has allocated Rp 13 trillion (US$803.11 million) for renovation loans and Rp 117 trillion for housing development under the scheme.

1 month ago

Speedy delivery: Passengers wait for the Jakarta-Bandung high-speed rail service called 'Whoosh“ on Nov. 11, 2023, at Halim Station in East Jakarta.

Companies premium

Jasa Marga pours Rp 116b into Whoosh to offset losses

According to KAI’s financial report, the Indonesian SOE consortium in Whoosh operation recorded Rp 4.19 trillion (US$258.97 million) in losses last year.

1 month ago

US Secretary of Treasury Scott Bessent (left) and Chinese Vice Premier He Lifeng shake hands as they pose for a photo during trade discussions at the Lancaster House in London on June 9, 2025. China and the United States began a new round of trade talks in London on June 9, Beijing's state media reported, as the world's two biggest economies seek to shore up a shaky truce after bruising tit-for-tat tariffs.

Regulations

China says US lifted some export curbs

"Currently, both teams are working quickly to implement the results outlined in the London framework", China's commerce ministry said in a statement, referring to the June meetings.

1 month ago

Pedestrians walk in front of an electronic board showing the opening numbers on the Hang Seng Index in Hong Kong on April 11, 2025.

Markets

Stocks wobble, dollar edges down with tariff deadline in focus

The dollar retraced some of Thursday's gains with US markets already shut for the week, as traders considered the impact of the sweeping spending bill Trump is about to sign into law.

1 month ago

US President Donald Trump disembarks from Air Force One upon arrival at Joint Base Andrews in Maryland, May 4, 2025, as he returns to the White House after spending the weekend in Florida.

Regulations

Trump wins major victory as Congress passes flagship bill

The bill is expected to pile an extra $3.4 trillion over a decade onto US' fast-growing deficits.

1 month ago

President Prabowo Subianto greets Saudi Arabian dignitaries as he arrives at King Abdul Aziz International Airport in Jeddah on July 1, 2025.

Companies premium

Indonesia, Saudi Arabia ink $27b deals in energy, mineral sectors

Danantara has signed additional deals with private companies in Saudi Arabia, which has emerged as Indonesia's top Middle Eastern trading partner over the past five years with an estimated $31.5 billion.

1 month ago

Piles of coal are seen on barges in Samarinda, East Kalimantan on Aug. 16, 2022.

Regulations premium

Govt to restore yearly approvals process amid coal price slump

The energy minister has announced the move to undo last year’s implementation of the three-year approval process via the e-RKAB platform, which had led to overproduction and weaker oversight as well as reduced tax collection.

1 month ago

U.S. President Donald Trump speaks before signing a resolution approved by Congress to rescind the EPA's 2023 approval of California's plans to require a rising number of zero-emission heavy-duty trucks, and another resolution on California's low-NOx, or low-nitrogen oxide, regulation for heavy-duty highway and off-road vehicles and engines, at the White House in Washington, D.C., U.S., June 12, 2025.

Regulations

US-Vietnam trade deal sows new China uncertainty

The Southeast Asian nation has the third-biggest trade surplus with the United States of any country after China and Mexico, and was targeted with one of the highest rates in the US president's "Liberation Day" tariff blitz on April 2.

1 month ago

Coordinating Economic Minister Airlangga Hartarto speaks to The Jakarta Post about Indonesian economy in his Jakarta office on Sept. 30, 2024.

Regulations

RI to sign $34b pact with US partners ahead of tariff deadline, minister says

Jakarta is facing a 32 percent tariff in US markets and has previously offered to increase US imports to facilitate trade talks between the two sides.

1 month ago

A consumer inspects an electric motorcycle showcased in the Tangkas Ciater electric motorcycle showroom in South Tangerang, Banten, on March 6, 2023.

Regulations premium

Electric two-wheeler incentives back in August, govt says

EV bikes sales in the first half of 2025 have plummeted, falling by 30 to 40 percent compared with the same period last year.

1 month ago

A worker prepares meal packages for the free nutritious meal program on Feb. 12 in the kitchen of an Islamic boarding school in Kudus regency, Central Java.

Regulations

Indonesia free meal plan stunted by delays, protests, poisonings

Large-scale aid programs in Indonesia have a history of allegations of graft at both the regional and national levels.

1 month ago

Workers stitch apparel at a garment factory in Vietnam's Thai Nguyen Province on July 2, 2025. Vietnam, a global manufacturing hub reliant on exports, would face a 20 percent tariff on goods shipped to the US, lower than the 46 percent announced in April.

Regulations

Trump says he will put 20 percent tariff on Vietnam's exports

The figure is lower than the April announcement that US importers of Vietnamese goods would have had to pay a 46 percent tariff.

1 month ago

A Whoosh Jakarta-Bandung high-speed train is seen on Oct. 2, 2023, during its inauguration at Halim station in Jakarta.

Regulations premium

Whoosh losses raise doubts over Surabaya extension

The state-owned enterprises (SOEs) consortium involved in the operation of the Whoosh, PT Pilar Sinergi BUMN Indonesia (PSBI), recorded Rp 4.19 trillion in losses last year.

1 month ago

Out to sea: The Oyong oil and gas rig is seen in the Sampang Block, located in the Madura Strait, off the coast of East Java. Medco took over the block from Ophir Energy in 2019 after Medco acquired Ophir.

Regulations premium

Govt targets 15,000 barrels per day from community oil wells

The energy ministry has identified around 7,000 potentially productive community wells in Aceh, Jambi, South Sumatra, Central Java and East Java.

1 month ago

A woman poses for a selfie next to signage for e-commerce giant Alibaba in the Xuhui district in Shanghai on February 22, 2025.

Tech

Alibaba launches e-commerce subsidies of $7b in consumption boost

Beijing is battling to stave off deflationary pressure, which has threatened to dampen economic growth even as challenges elsewhere mount.

1 month ago

Finance Minister Sri Mulyani Indrawati prepares devices she is about to use for the state budget presentation before the press in the Ministry's headquarter in Jakarta, on Jan. 2, 2024.

Economy premium

Finance Minister flags looming revenue shortfall amid tax slump

In the first half of this year, the government collected Rp 1.2 quadrillion, the lowest mid-year figure in three years and 9 percent below the same period in 2024.

1 month ago

The exterior facade of the building housing sovereign wealth fund, known as Daya Anagata Nusantara or Danantara, in Jakarta on February 24, which was earlier launched by Indonesian President Prabowo Subianto. Indonesian President Prabowo Subianto on February 24 launched a new sovereign wealth fund set to be the biggest in Southeast Asia's largest economy and give the ex-general greater control of the country's coffers. He wants to tap into the fund's assets, planned to be more than $900 billion, to boost Indonesia to a developed economy status, despite expert concern about its governance.

Regulations premium

Danantara to receive $10b funding from foreign banks, CEO claims

Danantara CEO Rosan Roeslani noted that the agency had already secured $7 billion in international investment commitments from Qatar, Russia, China and Australia.

1 month ago