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Jakarta Post
Economy

South Korea economy unexpectedly contracts, but AI boom brightens outlook

South Korea's economy unexpectedly shrank in the final quarter of 2025, marking the biggest slump in three years on weaker investment and exports, but the global AI boom is set to improve the outlook and allow the central bank to retain its steady rates stance.

1 month ago
Regulations premium

Illegal tobacco excise plan casts haze over market fairness, policy certainty

Finance Minister Purbaya Yudhi Sadewa estimated that formalizing illegal cigarette production could generate additional trillions of rupiah (more than US$59 million) for the state coffers. ...

1 month ago
Regulations premium

BI to remain ‘professional’ with strong governance, Perry vows

Professionalism will continue in monetary policymaking, Bank Indonesia (BI) Governor Perry Warjiyo has promised, seeking to allay any concerns following Deputy Finance Minister Thomas “Tommy” Djiwandono’s nomination as a deputy BI governor. ...

1 month ago

The Latest

Companies premium

AirAsia to launch direct Kuala Lumpur-Batam flights in March

The addition brings the airline’s Malaysia-Indonesia network to 19 routes, which served nearly 3 million passengers last year.  

1 month ago
Regulations premium

Indonesia aims for garlic self-sufficiency in 2029

Roughly 95 percent of the country’s consumption is currently met through imports.

1 month ago
Markets

Japan should respond 'decisively' to bond sell-off, opposition head says

Japan should act decisively against excessive market moves, Yuichiro Tamaki, head of an influential opposition party, told Reuters on Wednesday, after a brutal sell-off of Japanese government bonds sent a chill through global financial markets.

1 month ago
Markets

Stocks stable after tariff-fueled selloff but uncertainty boosts gold

Asian equities stabilized Wednesday after a rough start to the week fueled by Donald Trump's Greenland-linked tariff threats. Tokyo, Sydney, Singapore, Taipei and Manila fell, while Hong Kong, Shanghai and Jakarta rose.

1 month ago
Regulations premium

Prabowo’s $6 billion rescue plan leaves textile industry puzzled

A state-owned textile enterprise is to tackle industrywide problems, including rehiring tens of thousands of workers laid off after the Sritex bankruptcy.

1 month ago
Economy

Govt pledges central bank independence as rupiah hits record low

Foreign investors sold a net roughly $6.4 billion worth of Indonesian government bonds in 2025, adding to the pressure on the currency.

1 month ago
Economy premium

Awaiting Indonesia’s electricity market reform

The increasing costs of electricity purchased from IPPs, along with grid operation expenses, may lead to inflated state subsidies and compensation in the long run.

1 month ago
Tech premium

Visa-processing startup Spun bags $1.8m for regional expansion

The company operates a platform that processes inbound and outbound visa applications using AI-enabled systems.

1 month ago
Companies premium

Vale Indonesia appeals nickel quota, says granted volume is too low

Nickel miner PT Vale Indonesia is seeking approval to revise its annual production plan (RKAB) after revealing that its current ore production quota is insufficient to meet supply commitments for three major high-pressure acid leach (HPAL) projects.

1 month ago
Economy

Rupiah hits record low amid central bank independence worries

The rupiah slid to Rp 16,985 per US dollar on Tuesday ahead of a policy decision by the central bank this week, where analysts expect the BI to stand pat on rates. The currency is down nearly 2 percent in January after dropping 3.5 percent in 2025.

1 month ago
Regulations premium

Catch-up costs loom as Prabowo revives semiconductor dream

The government has earmarked US$125 million for the development of a domestic chip design industry, with Coordinating Economy Minister Airlangga Hartarto citing a partnership with United Kingdom-based Arm Holdings.

1 month ago
Regulations premium

Prabowo's nephew enters race for senior central bank post

Deputy finance minister Thomas "Tommy" Djiwandono, who is also a nephew of President Prabowo Subianto, has been lined up to become a deputy governor of Bank Indonesia (BI), raising questions about the central bank’s independence.

1 month ago
Regulations premium

Local governments propose 60 new transmigration areas

Transmigration Minister M Iftitah Sulaiman Suryanagara has welcomed proposals from local governments to develop 60 transmigration areas in their respective regions. 

1 month ago
Economy premium

RI tuna exports set for tariff-free access to Japan

The Maritime Affairs and Fisheries Ministry is in the process of drafting a circular letter to ratify the agreement and outline registration procedures for accessing the zero-percent tariff.

1 month ago
Regulations

Prabowo nominates nephew as central bank deputy governor, sources say

Thomas Djiwandono, a deputy finance minister who is a former businessman, is reportedly set to face a fit-and-proper test by parliament for the new job.

1 month ago
Economy

EU scrambles to avert Trump Greenland tariffs, prepares retaliation

Trump vowed on Saturday to implement a wave of increasing tariffs from February 1 on EU members Denmark, Sweden, France, Germany, the Netherlands and Finland, along with Britain and Norway, until the US is allowed to buy Greenland, a step major EU states decried as blackmail.

1 month ago
Tech

India's central bank proposes linking BRICS' digital currencies, sources say

India's central bank has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier, two sources said, which could reduce reliance on the US dollar as geopolitical tensions rise.

1 month ago
Markets

Stocks, dollar take tariff hit; gold gets safety bid

Stock markets slid in Asia on Monday after US President Donald Trump threatened to slap extra tariffs on eight European nations until the US was allowed to buy Greenland, pushing the dollar down against the safe-haven yen and Swiss franc.

1 month ago
Companies

Indonesia heading towards owning plasma fractionation plant

Indonesia is set to host its first-ever plasma fractionation plant in Karawang, West Java, which is poised to become the largest such facility in Southeast Asia. This milestone marks a major step toward operational readiness, strengthening national healthcare resilience.

1 month ago
Economy

China's Q4 GDP growth slows to 3-year low, full-year pace meets official target

China's economic growth slowed to a three-year low in the fourth quarter as domestic demand softened, and while the full-year pace hit Beijing's target, trade tensions and structural imbalances pose significant risks to the outlook.

1 month ago
Economy premium

Tourism industry warns year-end slowdown may spill into Idul Fitri

The Indonesian Hotel and Restaurant Association (PHRI) reported that hotel occupancy rates fell by 4 percent last year compared with the previous year.

1 month ago
Economy premium

Kadin warns of slowing regional growth amid budget cuts

At its 2026 economic outlook event on Jan. 15, Kadin cautioned against maintaining last year's budget policy to reduce regional transfers amid current global conditions, as doing so would only hamper local growth and exacerbate weakening demand.

1 month ago
Economy

Trump vows tariffs on eight European nations over Greenland

US President Donald Trump on Saturday vowed to implement a wave of increasing tariffs on European allies until the United States is allowed to buy Greenland, escalating a row over the future of Denmark's vast Arctic island.

1 month ago
Economy

South American bloc to ink long-awaited trade deal with EU

The South American trade bloc Mercosur and the European Union will sign on Saturday a deal 25 years in the making to create one of the world's largest free trade areas at a time of growing protectionism and volatility.

1 month ago
Companies

Google asks US judge to defer order forcing it to share data while it appeals

Alphabet's Google asked a judge on Friday to postpone making the company share data with rivals while it challenges a ruling that the company holds an illegal monopoly in online search, according to court papers.

1 month ago
Economy premium

Domestic investors dominated 2025 as FDI stagnated

The investment minister said on Thursday that he expected further growth in domestic investment this year, particularly via funding channeled by Danantara.

1 month ago
Tech

Social media sites block 4.7 million underage accounts in Australia

Initial figures showed platforms were taking meaningful action to remove underage users, Australia's eSafety Commissioner Julie Inman Grant said.

1 month ago

Today's ePost

Thu, February 26, 2026

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