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Jakarta Post
Companies

Tesla profits drop as Musk warns of 'rough' patch before riches

It is the firm’s third consecutive quarter of declining profitability, as the company faces intensifying electric vehicle competition and contends with backlash over Elon Musk’s political activities.

3 weeks ago
Regulations premium

Indonesia concedes on trade and data for US deal

Indonesia also agreed to remove local content requirements for US firms, recognize US standards for vehicle and medical products, drop onerous licensing on US farm goods while recognizing US regulatory oversight and lift labeling and pre-shipment inspection mandates. ...

3 weeks ago
Regulations premium

Uncertainty over mandate, subsidies clouds biofuel future

Without mandatory government blending program and subsidy mechanisms, the biodiesel market would not be commercially viable, experts say. ...

3 weeks ago

The Latest

Economy

Malaysia PM announces cash aid, fuel price cut to address rising living costs

Once fuel subsidy changes are implemented, Malaysians will see prices at the pump drop to 1.99 ringgit per liter, compared to the current price of 2.05 ringgit. Foreign nationals however will have to pay unsubsidized market prices for the fuel.

3 weeks ago
Economy premium

Layoffs surge in manufacturing, retail, govt data suggest

The latest release of manpower data shows that the manufacturing, retail and mining sectors recorded the sharpest rise in job losses over the six months to June, with Central Java leading the provinces most affected by layoffs.

3 weeks ago
Economy

Indonesia to cut tariffs, non-tariff barriers in US trade deal

Indonesia will remove recently enacted pre-shipment inspections and verifications of US exports that have posed problems for US agricultural exports.

3 weeks ago
Economy

Trump strikes trade deal with Japan to cut tariffs

The United States and Japan struck a deal to lower the hefty tariffs President Donald Trump threatened to impose on goods from its Asian ally that included a US$550 billion package of US-bound investment and loans from Tokyo.

3 weeks ago
Economy premium

Oil and gas revenue to miss target amid price slips

While revenue has weakened, investment in the upstream sector posted strong growth.

3 weeks ago
Economy premium

How deep is Indonesia’s capital market?

Indonesia, despite being ASEAN's largest economy, faces a complex web of obstacles hindering its financial deepening and leaving its capital markets shallow when compared to those of regional peers.

3 weeks ago
Regulations premium

Extension of small car incentive ‘contradicts’ electrification push

Industry observers and experts say that, while the decision to extend the LCGC program to 2031 could help in the short term, the government needs to come up with a road map to secure the country’s electrification push for the long term.

3 weeks ago
Companies premium

Astra to acquire warehousing firm Mega Manunggal Property

Publicly listed conglomerate PT Astra International (ASII), through its subsidiary PT Saka Industrial Arjaya (SIA), is set to acquire an 83.67-percent stake of warehouse company PT Mega Manunggal Property (MMLP).  

3 weeks ago
Markets

In South Korea's 'apple county', farmers beg not to be sacrificed for US trade deal

The United States has long called for better market access for its farm products from beef to apples and potatoes. US President Donald Trump in April slammed steep tariffs on rice in South Korea and Japan.

3 weeks ago
Economy

RI plans $8b refineries contract with US firm amid tariffs deal, sources say

Apple and General Electric were also mentioned in the presentation as US firms that will benefit from relaxed local content requirements.

3 weeks ago
Markets premium

Kangaroo bonds to be issued next month: Sri Mulyani

Finance Minister Sri Mulyani Indrawati revealed that the Australian-dollar-denominated Indonesian government obligations are to be launched in August, but Australian investors appear to be wary.

3 weeks ago
Economy premium

Prabowo rolls out state-backed co-ops to boost grassroots economy

Experts highlighted a disconnect between the government’s push for cooperatives and the public’s understanding on the ground.

3 weeks ago
Companies

IMR Group: A Decade of India–Indonesia Synergy

PT IMR ARC Steel is widely regarded as a company that deeply understands Indonesia’s investment climate and respects the government’s downstreaming policy. That is why the flagship subsidiary of global resource giant IMR Group is cited as both a pioneer and a modern symbol of the bilateral relationship between India and Indonesia.

3 weeks ago
Companies

US tariffs help push Jeep owner Stellantis into big loss

The 2.3-billion-euro ($2.7-billion) net loss in the first half of the year came as sales in North America continued to slump, down 25 percent by volume in the second quarter year-on-year.

3 weeks ago
Markets premium

Prabowo urges cacao rejuvenation, replanting amid high prices

Cocoa prices have surged significantly because of disease outbreaks in key producing regions in Latin America and Africa.

3 weeks ago
Tech premium

On-demand drivers mount mass protest against 15 percent fare hike plan

Garda Indonesia, along with merchants and customers, held a protest on Monday in Jakarta against a planned 15 percent fare hike as well as government inaction in responding to drivers' demands following the previous rally in May.

3 weeks ago
Companies premium

Eni reportedly plans to invest $10b in Kalimantan offshore gas project

The Italy-based multinational energy company has committed to investing US$10 billion in East Kalimantan's offshore gas sector, said Energy and Mineral Resources Minister Bahlil Lahadalia.

4 weeks ago
Tech

Indo Premier launches wealth creation platform IPOT

Indo Premier Sekuritas launched on Thurday IPOT, which it claims to be the first wealth creation platform in the country.

4 weeks ago
Markets

Asia shares, yen weather Japan uncertainty as earnings loom

Japan's ruling coalition lost control of the upper house in Sunday’s election, further weakening Prime Minister Shigeru Ishiba’s grip on power.

4 weeks ago
Companies premium

RI exporters seek to split tariffs with US buyers to ensure demand

Estimates for the burden-sharing arrangement would depend on how much of the price increase US consumers could absorb, something that “will take time” to determine.

4 weeks ago
Companies premium

Regulatory fog clouds Indonesia Airlines’ launch timeline

Indonesia’s government has long sought after new airlines in a bid to improve competition and lower airfares in an industry that has been dominated by Garuda Indonesia and Lion Air. 

4 weeks ago
Regulations premium

Uncertainty looms over RI’s plan for B50 biodiesel by 2026

Critics have warned that Southeast Asia’s largest economy’s push to adopt B50 by 2026 may carry significant environmental and economic risks, such as deforestation, land-use conflicts and biodiversity loss.

4 weeks ago
Companies

Vale Indonesia to seek up to $1.2bn financing in 2026-2027, official says

The first round of financing, around US$500 million, will likely come from bank loans in early 2026.

4 weeks ago
Economy

G20 finance chiefs back central bank independence in first communique since October

In their first communique since last October, a month before US President Donald Trump's election victory paved the way for his subsequent tariff war, the ministers and central bankers highlighted the uncertainty in the global economy caused by conflict, trade tensions and frequent extreme weather events.

4 weeks ago
Economy premium

Hyrox craze spurs fitness boom as old-school gyms struggle

Industry players have stated that people are moving away from traditional gyms in search of professional coaching, structured programming and a sense of community.

4 weeks ago
Economy

Indonesia still negotiating details, exemptions on US tariff deal, official says

Indonesia has asked the United States to exempt its exports of cocoa, rubber, crude palm oil, coffee and nickel from the levy.

4 weeks ago
Companies premium

Vanda RE locks in CATL batteries for green power exports to Singapore

The deal includes the procurement of up to 2.2 gigawatt-hours (GWh) of CATL’s battery energy storage system (BESS) for the solar power and storage project in Riau Islands.

1 month ago

Today's ePost

Mon, August 18, 2025

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