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Jakarta Post
Regulations premium

30-year mortgages may boost subsidized housing, but default risks loom

Analysts warned that many potential beneficiaries of subsidized housing programs work in the informal sector, with little job and income stability.

6 months ago
Regulations premium

Govt mulls lifting deficit cap amid high oil price

The government says this year’s fiscal deficit may temporarily exceed the legal limit for the sake of maintaining economic growth should oil prices remain elevated for a prolonged period as the US-Israeli war on Iran rages on. ...

6 months ago
Regulations

Prabowo open to breach deficit cap only during crisis

Prabowo said he has no plan to revise Indonesia's legally mandated deficit cap of 3 percent of GDP "unless there's a very big emergency like COVID."  ...

6 months ago

The Latest

Economy

Fed expected to hold rates steady as Iran war roils outlook

US Federal Reserve policymakers are expected to leave interest rates unchanged at their meeting next week, as the US-Israel war on Iran sends shock waves through markets and recent economic data has begun to show weakness.

6 months ago
Markets premium

IDX still drafting new free float rules as deadline nears

The bourse is racing against time as it tries to finish new rules on formalizing a minimum free float hike from 7.5 to 15 percent as part of its proposed solution to MSCI, with the Nyepi-Idul Fitri extended holiday just around the corner.

6 months ago
Tech premium

Supreme Court rejects Google's final appeal in payment system case

Google's final challenge against the KPPU's anti-monopoly ruling last year ended in failure on Tuesday, when the Supreme Court issued a decision to uphold the competition watchdog’s US$12 million fine and related orders against the mandated the use of its payment system for local developers.

6 months ago
Markets

Fire at UAE oil hub as Iran vows retaliation for US attack on Kharg Island

Iran warned it could target United States "hideouts" in the United Arab Emirates as a major UAE energy hub suffered disruption after a drone attack on Saturday, and US President Donald Trump said "many countries" would send warships to the region.

6 months ago
Tech

Meta planning sweeping layoffs as AI costs mount

If Meta settles on the 20 percent figure, the layoffs will be the company's most significant since a restructuring in late 2022 and early 2023 that it dubbed the "year of efficiency."

6 months ago
Economy premium

Indonesia still seeks to ratify ART despite US trade probes

US trade investigations against Indonesia and other countries over alleged unfair practices could give Washington new leverage in bilateral negotiations after the US Supreme Court struck down the initial legal basis for the Agreement on Reciprocal Trade (ART).

6 months ago
Regulations premium

RI gears up to retire diesel power plants amid war-driven energy fears

To prevent power outages, Energy and Mineral Resources Minister Bahlil Lahadalia said that closures would be carried out gradually.

6 months ago
Economy

Singapore to engage with USTR on Trump's trade probes

US President Donald Trump's administration launched a new trade investigation on Wednesday into excess industrial capacity in 16 major trading partners in a move to rebuild tariff pressure after the US Supreme Court tore down the centerpiece of Trump's tariff program last month.

6 months ago
Markets premium

Coffee exporters target $1.3b in shipments this year amid lower output

Indonesia exported around $2.5 billion worth of coffee products last year, excluding instant coffee, with most of the products shipped to the United States, Belgium, Germany and Egypt.

6 months ago
Tech

US jury to begin deliberations in social media addiction trial

Jury deliberations are set to begin Friday in a landmark social media addiction trial accusing Meta and YouTube of intentionally trying to hook young internet users.

6 months ago
Markets

Asian stocks slide as Iran war keeps oil near $100, dents rate-cut bets

Asian stocks slumped on Friday, poised for a second straight weekly decline as fast-dwindling hopes of a resolution to the US and Israel's war with Iran kept oil prices aloft, casting a shadow over global markets and spurring inflation fears.

6 months ago
Markets premium

Indonesia's HPAL plants scramble as Iran war threatens sulfur supply

A prolonged disruption of maritime traffic in the Middle East could paralyze high-pressure acid leaching (HPAL) operations to produce mixed hydroxide precipitate (MHP) in Indonesia, an industry group has warned, given the country’s heavy reliance on sulfur shipments from the region.

6 months ago
Regulations premium

Prabowo pressures Danantara with return targets, new SOE envoys

The president asked Danantara to deliver a 5 percent return of assets in the near term, or around US$50 billion, to the state budget.

6 months ago
Economy premium

RI taps foreign partners to build oil storage in Sumatra

Pertamina will partner with foreign investors to develop a strategic crude oil storage facility in Sumatra, aiming to increase the national reserves storage capacity to 90 days, a senior government official has said.

6 months ago
Companies

Philips reaffirms commitment to expand equitable access to quality healthcare in Indonesia

Özlem Fidanci, chief of Philips International Region and member of the Royal Philips Executive Committee, spoke to The Jakarta Post during her visit to Jakarta about Philips’ initiatives and healthcare technology innovations, underscoring the company’s longstanding commitment to expanding equitable access to quality health care in Indonesia.

6 months ago
Regulations premium

House picks new financial watchdog chair after January market crash

Friderica Widyasari Dewi has been formally appointed as OJK chair, alongside several other leaders, in an accelerated selection process to restore market certainty amid the Mideast war, according to the government.

6 months ago
Markets

Six vessels attacked in Gulf, Strait of Hormuz as war puts merchant ships on front lines

Explosive-laden Iranian boats appear to have attacked two fuel tankers in Iraqi waters, setting them ablaze and killing one crew member on Wednesday, after projectiles struck four vessels in Gulf waters, said port, maritime security and risk firms.

6 months ago
Economy

US opens new unfair-trade probes to rebuild Trump's tariff pressure

The US government is launching two new trade investigations into excess industrial capacity in 16 major trading partners, including Indonesia, to rebuild tariff pressure after the US Supreme Court tore down much of Trump's tariff program last month.

6 months ago
Economy premium

As hospital bills climb, consumers may bear the final cost

Soaring medical claims would force private insurers to raise premiums, ultimately squeezing individual policyholders and employers, who may either cut coverage or pass costs on to workers.

6 months ago
Economy premium

Govt sticks with high growth projection despite global turmoil

The target for year-on-year GDP growth of 5.5 to 6 percent in the first quarter remains in place, Finance Minister Purbaya Yudhi Sadewa announced on Wednesday.

6 months ago
Markets

Portfolio flows to emerging markets slow to $22 billion in February, says IIF

The slowdown followed an unusually strong start to the year rather than a more fundamental shift in investor appetite.

6 months ago
Economy

Batam economy surges 7.49% yoy in Q4 2025, outpacing provincial growth

The economy of Batam continued to show strong momentum toward the end of 2025, with economic growth reaching 7.49 percent year-on-year (yoy) in the fourth quarter (Q4), the highest among regions in Riau Islands province.

6 months ago
Economy premium

OJK projects MSME loans to expand 9% this year

Micro, small and medium enterprise (MSME) loans contracted by 0.53 percent year-on-year (yoy) in January to Rp 1,482.9 trillion, amid “global and domestic economic dynamics” and a slower post-pandemic recovery.

6 months ago
Economy

Indonesia lawmakers to grill candidates for OJK chairman after market turmoil

The selection process is accelerated because of concerns about financial market volatility due to conflict in the Middle East, Finance Minister Purbaya Yudhi Sadewa said.

6 months ago
Markets

Shares steady, oil turbulence deepens as Middle East war roils markets

Shares steadied on Wednesday following a brief retreat in oil prices, but markets remained anxious as contradictory signals from the US-Israeli war on Iran left investors struggling to gauge its impact on global inflation and growth.

6 months ago
Economy premium

Fitch cuts outlook on Indonesian banks after sovereign warning

Economists say the downward revision could raise lenders’ funding costs and put pressure on share and bond prices, though strong capital and profitability should cushion the impact.  

6 months ago
Economy premium

Retail sales pick up in Ramadan despite consumer confidence drop

Respondents to the BI survey believe that sales will remain “relatively stable” in April and increase in July, driven by the school vacation “peak season” during that period.

6 months ago
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