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Jakarta Post
Companies premium

Danantara injects Rp 6.65 trillion into Garuda Indonesia

The initiative will be conducted in phases, with the first focusing on the maintenance and operational readiness of the fleets of both the full-service carrier and its low-cost subsidiary, Citilink.

6 days ago
Economy

China urges AIIB to step up cross-border development funding

Caught in a trade war with the US and European Union that threatens to derail a fragile export-led recovery, Chinese has emphasized ties with Southeast Asia, which last year overtook the EU to become the $19 trillion economy's top export market. ...

6 days ago
Markets

Tesla's European sales slump for fifth month as EV rivals gain momentum

Tesla's new car sales in Europe fell 27.9 percent in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2 percent, with the US EV maker's revised Model Y yet to show signs of reviving the brand's fortunes. ...

6 days ago

The Latest

Tech premium

RI on course for ethical AI despite capacity gaps, UNESCO says

Speaking to The Jakarta Post on Tuesday, UNESCO's Ethics of AI Unit head Irakli Khodeli revealed that Indonesia is facing a digital talent issue, with a need for 9 million additional tech workers by 2030.

6 days ago
Economy

Nickel’s next test: Can Indonesia escape the low-value trap?

Indonesia's mineral downstream policy needs a clear shift in strategy to escape the low-value dominance trap so that instead of being a facilitator of foreign-led extraction, the country can be a curator of complete industrial ecosystems and emerge as a leader in the global supply chain.

6 days ago
Economy premium

Govt struggles to make $80b sea wall project financially viable

The government says it is in talks with potential investors to ensure that the project is "market-ready."  

1 week ago
Companies premium

TotalEnergies reenters Indonesia with 24.5% stake in Bobara Block

TotalEnergies is among the first global oil and gas companies to return to Indonesia amid growing investments in the sector, after securing a 24.5 percent stake in the Bobara Block off West Papua from Petronas.

1 week ago
Companies

Amazon to invest $54b in UK over 3 years: Govt

Online retail giant Amazon will invest 40 billion pounds (US$54 billion) in the United Kingdom over the next three years, the government said Tuesday, a boost for Prime Minister Keir Starmer as he struggles to kickstart the economy.

1 week ago
Regulations premium

Govt to renovate 2 million houses by end of 2025

With Rp 21.8 million in repair subsidies earmarked for each house, the country must pour Rp 43.6 trillion from the state budget to turn the plan into reality.

1 week ago
Markets

Shares rally, oil prices tumble as Trump announces Iran-Israel ceasefire

Global shares rallied and the dollar extended declines on Tuesday after US President Donald Trump said Iran and Israel had agreed to a ceasefire, sending oil prices into a deep dive as concerns over supply disruptions ebbed.

1 week ago
Regulations premium

Mixed signals on tiny homes could undermine housing program

The housing ministry's internal tug-of-war over the "mini" homes plan could cause confusion among investors and eventually derail the President's flagship program, experts warn.

1 week ago
Tech premium

Crypto bourse holding firm Indokripto prepares for IPO

The company plans to allocate approximately 85 percent of the IPO proceeds toward operational expenditures of its subsidiary Crypto Futures Exchange (CFX). The remaining 15 percent will be channeled to its depository subsidiary PT Kustodian Koin Indonesia (ICC) for similar purposes.  

1 week ago
Regulations premium

Government prepares regulations on uranium, thorium processing

Indonesia is moving apace with its nuclear ambitions, drafting a new regulation on the domestic processing of uranium and thorium for nuclear energy.

1 week ago
Companies

Airlines weigh Middle East cancellations after US strikes in Iran

Airlines on Monday were weighing how long to suspend Middle East flights as a conflict which has already cut off major flight routes entered a new phase after the US attacked key Iranian nuclear sites and Tehran vowed to defend itself.

1 week ago
Economy premium

Indonesia, Russia deepen trade ties with QRIS, palm oil in focus

President Prabowo Subianto’s meeting with Russian President Vladimir Putin last week produced commitments to intensify trade, investment and industrial collaboration as part of the 75th anniversary of bilateral relations.  

1 week ago
Tech

As gold prices surge, West Africa mine operators launch drones to detect wildcat miners

A high-tech cat-and-mouse game is playing out with increasing frequency as record gold prices, now sitting above US$3,300 per ounce, draw more unofficial activity – intensifying sometimes deadly confrontations between corporate concessions and artisanal miners in West Africa

1 week ago
Markets

Shares slip, oil rises as investors weigh Iran risks

Shares slipped in Asia on Monday and oil prices briefly hit five-month highs as investors anxiously waited to see if Iran would retaliate against US attacks on its nuclear sites, with resulting risks to global activity and inflation.

1 week ago
Regulations premium

Danantara takes over capital injection role for SOEs

Before Danantara’s formation, any SOE seeking additional capital had to submit a PMN proposal for approval by the House and the Finance Ministry, a process that was anything but swift.

1 week ago
Economy premium

SMEs struggle to access green financing, govt admits

According to a report released by the Centre for Strategic and International Studies (CSIS) on Friday, Indonesia’s green industry policies remain focused on technical and supply-side measures like energy efficiency and emission cuts, while market demand, financing and investment support are still limited.

1 week ago
Markets

Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites

A US attack on Iranian nuclear sites on Saturday could lead to a knee-jerk reaction in global markets when they reopen, sending oil prices higher and triggering a rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy.

1 week ago
Companies

US may target Samsung, Hynix, TSMC operations in China, sources say

The US Department of Commerce is considering revoking authorizations granted in recent years to global chipmakers Samsung, SK Hynix and TSMC, making it more difficult for them to receive US goods and technology at their plants in China, according to people familiar with the matter.

1 week ago
Companies

Tesla to build first grid-scale power plant in China

The contract comes at a moment of tension between Washington and Beijing, with the two sides yet to hash out a long-term trade agreement following tariffs announced by President Donald Trump.

1 week ago
Economy premium

New padel sport trend means business in Jakarta

A racket sport that has seen fast global growth is attracting increased attention in Jakarta, not just as a recreational activity, but also as a business opportunity.

1 week ago
Regulations

EU plans to scrap anti-greenwashing rules after pushback

The European Commission said Friday it intends to scrap new rules against greenwashing after they hit a roadblock in the final stretch from conservative lawmakers calling them too onerous for businesses.

1 week ago
Markets

Oil drops, stocks climb as Trump delays Iran move

Oil prices retreated Friday while US and European stock markets gained ground as concerns over a war escalation in Iran eased.

1 week ago
Companies premium

Govt launches Rp 1.5 trillion solar panel factory in Central Java

The integrated solar PV factory at the Kendal Industrial Park, launched on Thursday and operated by Indonesian-Chinese joint venture TMAI, produces both solar cells and solar panels and has a maximum output capacity of 1 GW per year.

1 week ago
Companies premium

Govt to sanction Morowali industrial park for environmental violations

The Environment Ministry is coming down hard on IMIP over multiple violations at its nickel hub in Central Sulawesi, following public outrage over exploitative activities in Papua's famed marine tourist hot spot Raja Ampat.

1 week ago
Economy premium

Java no longer has power oversupply, ministry says

Java no longer experiences an electricity oversupply, an Energy and Mineral Resources Ministry official said, urging immediate development of new energy sources, especially renewables, to meet rising demand.

1 week ago
Economy premium

Govt faces hurdles in bridging infrastructure funding gap

The government is banking on corporate participation to bridge Indonesia’s infrastructure funding gap, but experts warn that strained finances of state-owned construction firms and the current reluctance of private investors to commit to large-scale projects may hinder progress.  

1 week ago
Companies premium

Moody’s downgrades BTN’s baseline credit assessment over solvency risks

The global rating agency downgraded the state-owned lender’s inherent creditworthiness to Ba2 citing real risks in its outstanding loans and accrued interest receivables, though it maintained BTN’s overall credit rating at Baa2 with a stable outlook.

1 week ago

Today's ePost

Tue, July 1, 2025

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