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Jakarta Post
Economy

US Treasury's Bessent says China has been unreliable partner by hoarding oil during war

US Treasury Secretary Scott Bessent said on Tuesday China had been an unreliable global partner during the Middle East war by hoarding oil supplies and limiting exports of some goods, mirroring its actions with medical goods during the COVID-19 pandemic.

5 months ago
Regulations premium

Doubts emerge over plan to turn PNM into MSME lender

Experts warned that turning PNM into a special mission vehicle (SMV) under the Finance Ministry risks duplicating existing institutions without tackling core issues like risk assessment, access and borrower repayment capacity. ...

5 months ago
Companies

Mideast war revs up electric car demand in Asia

Asian nations have been particularly hard hit due to a sharp fall in the crude shipments they rely on -- and have few alternatives to replace them. ...

5 months ago

The Latest

Regulations premium

OJK to exclude small loans from credit score database to ease homebuying

The OJK emphasized that the information displayed in the SLIK system does not automatically determine whether a loan or financing application will be approved or rejected, noting that it only serves as a consideration in the credit analysis process.  

5 months ago
Economy premium

RI draws investors fleeing Middle East, minister claims

Investment realization is estimated at around Rp 497 trillion ($29 billion) in the first quarter of 2026, up about 7 percent year-on-year.

5 months ago
Economy

From oil shock to global financial market shift

Due to the reemergence of oil prices as a key determinant amid the Iran war, monetary authorities facing renewed inflation risks are becoming less likely to cut interest rates, keeping global borrowing costs elevated and tightening financial conditions across both advanced and emerging economies.

5 months ago
Markets

Asian stocks rally, crude drops on lingering hope for a peace deal

Stocks rose and oil fell Tuesday on hopes for a deal to end the Middle East war and reopen the Strait of Hormuz, with Donald Trump saying Tehran had called to seek an agreement even as a US naval blockade around Iran's ports began.

5 months ago
Companies premium

Airlines brace for fare hikes as jet fuel prices climb

Avtur prices have soared by over 70 percent following the outbreak of war in the Middle East.  

5 months ago
Economy premium

Retail sales grow as consumer expectations plunge

Retail sales have grown thanks to the consumption boost from the Idul Fitri holiday period, but consumers are feeling less optimistic about the coming months as they anticipate the economic fallout of the Iran war.

5 months ago
Economy

Philippines cuts tax on petroleum products to ease price shock

Following the legislature's earlier passage of a law authorizing him to adjust fuel excise taxes, Marcos said the cost of liquefied petroleum gas, the country's fuel of choice for cooking, would be trimmed by 3.36 pesos (5.6 US cents) per kilogram from Tuesday.

5 months ago
Economy premium

Hotels see insignificant surge during Idul Fitri holiday

On average, across the archipelago, the number of tourists staying at hotels only peaked during March 22-23, before dropping sharply by 62-65 percent on the following day, according to PHRI.  

5 months ago
Economy premium

Plastic crunch threatens auto production, fuels price pressures

Carmakers warned that prolonged disruptions could affect deliveries to dealers and customers.

5 months ago
Markets

Oil surges, stocks fall as Trump says to blockade Strait of Hormuz

Oil prices surged and stocks sank Monday after US-Iran peace talks fell apart and Donald Trump announced a blockade of the strategic Strait of Hormuz, adding to fears for energy supplies from the Middle East.

5 months ago
Markets

US oil benchmark jumps 8%, surpasses $100 after failed US-Iran talks

The US oil benchmark rebounded above $100 a barrel on Monday after peace talks between the United States and Iran failed to make a breakthrough, and with US President Donald Trump ordering a blockade of Iranian ports.

5 months ago
Economy premium

Govt insists on growth target as World Bank lowers forecast

Though the World Bank has downgraded its growth projection for Indonesia due to the economic fallout from the Iran war, a move preceded by a similar revision by the OECD last month, the government insists on the achievability of the state budget target.

5 months ago
Regulations premium

No more motorcycles for free meals program, says Purbaya

Purbaya says no new procurement will proceed, despite earlier approvals that saw more than 21,000 units already purchased.

5 months ago
Economy

Middle East war to cut growth, deliver cascading impact, World Bank chief says

The war in the Middle East will have a cascading impact on the global economy, even if a ceasefire announced by US President Donald Trump takes hold, World Bank President Ajay Banga told Reuters in an interview on Friday.

5 months ago
Tech

Tesla's supervised self-driving software gets Dutch okay, first in Europe

Tesla is also counting on self-driving software to boost vehicle sales, which have slowed in Europe due to its aging EV lineup and Musk's far‑right political rhetoric that has alienated some consumers.

5 months ago
Economy

Middle East war to cut growth, deliver cascading impact: World Bank chief

The global growth could be lowered by 0.3 to 0.4 percentage point in a baseline scenario, with an early end to the war, and by as much as 1 percentage point if it endures, according to World Bank's projection.

5 months ago
Economy

ADB predicts slowing Asia growth as MidEast war takes toll

The Middle East war is expected to drag on Asia's economies over this year and next, the Asian Development Bank warned Friday, as it predicted growth to slow to 5.1 percent across the world’s most populous region.

5 months ago
Regulations premium

Cinema screen quota plan for local movies splits film industry

While some filmmakers warn it could burden exhibitors, smaller producers argue that a quota system could give high-quality independent films a fairer shot at reaching audiences.

5 months ago
Companies premium

Danantara forms new SOE to spearhead waste-to-energy projects

Denera aims to build 33 plants nationwide worth a combined Rp 91 trillion in total, with the construction on the initial batch of projects is expected to begin in June.

5 months ago
Economy premium

Jakarta’s power grid fully restored after evening blackout: PLN

According to PLN, the blackout, which began at approximately 5:57 p.m., originated from a disturbance at a main substation, affecting distribution networks across multiple districts. 

5 months ago
Companies premium

Prabowo inaugurates RI’s first electric bus, truck assembly plant

With the inauguration of the facility, operated by PT VKTR Sakti Industries, a subsidiary of publicly listed PT VKTR Teknologi Mobilitas, Indonesia now has the capacity to assemble up to 10,000 electric buses.

5 months ago
Economy

Trump says Iran should not charge fees to tankers going through Strait of Hormuz

US President Donald Trump said on Thursday Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the start of the Iran war, causing the worst disruption to global energy supplies in history.

5 months ago
Tech

Indonesia sends letter of reprimand to YouTube over breach of social media curbs

Indonesia requires social media ‌companies ⁠with platforms it deems high risk to deactivate accounts belonging to children under 16, with the sanctions could go as far as a ​block on the ​platforms.

5 months ago
Regulations premium

Jet fuel spike, weak rupiah to blow haj budget by Rp 1 trillion

Meanwhile the umrah sector, which is fully operated by private players, continues to see relatively resilient demand even as operators and consumers absorb higher costs.

5 months ago
Economy premium

Govt doubles down on diplomacy as Hormuz risks persist despite ceasefire

Pertamina is racing to secure the release of two of its tankers stuck in the Persian Gulf through diplomatic channels, as analysts warn that the recent US-Iran ceasefire does little to guarantee safe passage through the politically charged Strait of Hormuz.

5 months ago
Markets

Oil prices jump, stocks drop on Mideast ceasefire doubts

Oil prices jumped and most stock markets fell Thursday on investor concerns over the Middle East ceasefire holding and as the key Strait of Hormuz remained largely blocked to traffic.

5 months ago
Executive Column premium

Executive Column: Zentara pushes for Indonesia to export its own tech

Zentara is an Indonesian cybersecurity company founded in 2025. CEO Regal Rauniyar Star spoke to The Jakarta Post’s Ruth Dea Juwita about closing domestic gaps, how AI reshapes cyberthreats and the company’s ambition to compete with global players.

5 months ago
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