Dire strait: A man stands onshore against the backdrop of the Callisto tanker on March 12, 2026, anchored at the Port Sultan Qaboos in Muscat amid a sharp drop in maritime traffic in the Strait of Hormuz due to the United States-Israeli war with Iran.

Sanctioned tanker turns back to Strait of Hormuz, day after Gulf exit

The US-sanctioned tanker Rich Starry made its way back to the Strait of Hormuz on Wednesday after exiting the Gulf the day before, shipping data showed, failing to break through a US blockade on vessels calling at Iranian ports.

1 day 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. ...

2 days 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. ...

3 days ago

The Latest

Passersby walk past an electric monitor displaying the Japanese yen exchange rate against the US dollar outside a brokerage in Tokyo on Oct. 4, 2023.

Markets

Asia shares shaky, traders on guard as Japanese inflation tops forecast

Asian shares struggled to advance on Tuesday, with slightly warmer-than-expected Japanese inflation putting investors on guard ahead of price data due in Europe and the US this week.

2 years ago

Attendees look at stock prices during a ceremony to open the trading day on the Indonesia Stock Exchange (IDX) in Jakarta on Jan. 2, 2024. The IDX Composite closed down 0.15 percent on Feb. 26, 2024.

Markets

IDX Composite ends Monday trading down 0.15%

The Indonesia Stock Exchange (IDX) Composite concluded Monday's trading day down 11.27 points, or 0.15 percent, closing at 7,283.83.

2 years ago

A man drives past farmers on a combine harvester on Jan. 20, 2024, during the harvest season near rice paddies in Lhoknga, Aceh. The State Logistics Agency (Bulog) ensured on Monday that the current government rice reserves are sufficient for Ramadan and Idul Fitri, and the government is intervening in the market to stabilize rice prices.

Markets premium

Bulog ensures sufficient rice supply for Ramadan and Idul Fitri

Bulog ensured that the government rice reserves are sufficient for Ramadan and Idul Fitri, and the government is intervening in the market to stabilize rice prices.

2 years ago

Traders look at their monitor screens while monitoring some stock trading in Jakarta on March 16, 2023.

Markets

Asian markets mostly lower on profit-taking after tech surge

Asian markets were mostly lower Monday, although Tokyo's key Nikkei index hit fresh all-time highs after two of the three main US indices closed at records.

2 years ago

Green energy for a brighter future: Indonesia’s state-owned electricity company PLN is running a campaign titled PLN Go Green and Sustainable, in line with the nation’s pledged commitment to reduce carbon emissions for the sake of a healthier environment and sustainable development for people across the archipelago.

Markets premium

Experts warn of delays to Indonesian electricity exports to Singapore

Experts have warned delays are likely given how Indonesia has structured the export policy, which requires the involvement of state-run electricity firm PLN and a local content requirement (TKDN).

2 years ago

President Joko “Jokowi” Widodo (second left) throws T-shirts to residents of Telukan village in Sukoharjo, Central Java, during a working visit to the area on Feb. 1, 2024.

Markets premium

Rice prices hit record high amid delayed harvest, low supply

The average price of premium rice at the consumer level reached Rp 18,000 (US$1.15) per kilogram on Friday, a 20 percent year-on-year (yoy) increase from the Rp 14,000 per kg recorded last year.

2 years ago

Attendees look at stock movements on Jan. 2 during the opening ceremony of the Indonesia Stock Exchange (IDX) for 2024 at the bourse in Jakarta. The IDX Composite declined 0.61 percent to 7,295.09 on Feb. 23, with seven sectoral indexes contributing to the day’s downturn.

Markets

IDX Composite declines for third straight day to close at 7,295.09

The IDX Composite declined 0.61 percent to 7,295.09 on Feb. 23, with seven sectoral indexes contributing to the day’s downturn, even as most regional and global markets booked gains.

2 years ago

Passersby walk past an electric screen displaying a graph showing Japan's Nikkei share average movements outside a brokerage in Tokyo on Feb. 13, 2024. The Indonesian Finance Ministry said on Feb. 23, 2024, that the government had not decided whether to issue yen-denominated bonds after Japan unexpectedly fell into recession.

Markets premium

Finance Ministry mulls ‘samurai’ bond after recession news from Japan

The Finance Ministry says that the government had not decided whether to issue yen-denominated bonds after Japan unexpectedly fell into recession.

2 years ago

Attendees look at stock trading movements on Jan. 2, 2024, during the opening trade ceremony at the Indonesia Stock Exchange (IDX) in Jakarta. The IDX Composite closed down 0.13 percent at 7,339.64 on Feb. 22, 2024, with nine sectoral indices gaining.

Markets

IDX Composite slips 0.13% despite sectoral resilience

The IDX Composite closed down 0.13 percent at 7,339.64 on Thursday, with nine sectoral indices gaining.

2 years ago

This aerial picture taken on August 4, 2021, shows a suburban housing complex for residents in Jakarta.

Markets premium

BI notes property price increase in Q4 2023

A Bank Indonesia survey found that property prices increased by 1.74 percent year-on-year in the fourth quarter of 2023.

2 years ago

Markets

Japan's Nikkei nears record peak after Nvidia beat, rest of Asia muted

Japan's Nikkei share average climbed to the cusp of an all-time peak on Thursday after unexpectedly strong revenue forecasts from US chip designer Nvidia lifted Asian tech stocks.

2 years ago

Attendees look at stock movements on Jan. 2 during the opening ceremony of the Indonesia Stock Exchange (IDX) for 2024 at the bourse in Jakarta.

Markets

IDX Composite dips 0.05% as central bank keeps key rate at 6%

The IDX Composite saw a slight dip of 0.05 percent to 7,349.02 on Wednesday, after the central bank decided to maintain its benchmark rate at 6 percent.

2 years ago

President, Joko “Jokowi” Widodo autographs a VinFast VF 5 EV SUV at the VinFast booth during IIMS 2024.

Markets premium

Indonesia eyes 50,000 electric car sales this year as incentives roll out

Last year, 17,000 electric vehicles (EVs) were sold wholesale nationwide, according to the Association of Indonesian Automotive Manufacturers (Gaikindo).

2 years ago

People look at stock prices at the Indonesia Stock Exchange (IDX) in Jakarta on Jan. 2, 2024.

Markets

IDX Composite bounces back with 0.77% gain on Tuesday

The Indonesia Stock Exchange (IDX) Composite rebounded by 0.77 percent on Tuesday to close at 7,352.60 after facing early-week setbacks.

2 years ago

A worker carries a bag of rice at the Cipinang Central Rice Market in East Jakarta on March 15, 2021.

Markets premium

Indonesia to import rice from Thailand to fight shortages, rising prices

The National Food Agency (Bapanas) is planning to import 2 million tonnes of rice from Thailand to combat shortages and skyrocketing prices across the country, the agency’s chief secretary Sarwo Edhy said on Sunday.

2 years ago

Attendees look at stock trading movements during the trade opening ceremony at the Indonesia Stock Exchange (IDX) in Jakarta on Jan. 2, 2024. The IDX Composite dropped by 0.53 percent to 7,296.70 on Feb. 19, 2024, as investors await Bank Indonesia's interest rate decision this week.

Markets

IDX Composite dips 0.53% ahead of central bank’s policy meeting

IDX Composite drops by 0.53 percent to 7,296.70, as investors await Bank Indonesia's interest rate decision this week.

2 years ago

General view of the financial district of Lujiazui in Pudong district in Shanghai on Dec. 6, 2023.

Markets

Asian stocks mostly up as China enjoys Lunar New Year bump

Mainland Chinese stocks were buoyant after Lunar New Year as figures showed holiday spending surged past pre-pandemic levels, leading gains in most other Asian markets on Monday.

2 years ago

Two workers walk on Jan. 4, 2022 past a coal barge at a coal terminal in Palembang, South Sumatra.

Markets premium

Indonesian coal to see export slump, possible output cuts: Experts

Many analysts expect Indonesia's coal exports to experience a slump and miners to slash production to adjust costs amid low global prices due to market oversupply.

2 years ago

Markets

IDX Composite ends election week upbeat

The IDX Composite concluded this week at 7.335,54 on Feb. 16, 2024, adding 0.44 percent, due to the market optimism after Wednesday’s election.

2 years ago

Workers transport rice at Cipinang Central Rice Market in East Jakarta, on March 15, 2021.

Markets premium

Jokowi blames floods for rice shortages

The National Police have been deployed to monitor rice distribution in the country.

2 years ago

All about money: A teller shows a customer rupiah bank notes on Oct. 30, 2023, at Bank BSI in Jakarta. The Indonesian currency opened lower at Rp 15,666 against the greenback on Feb. 16, 2024.

Markets premium

Rupiah weakens against US dollar in the wake of election

Amid a weakening rupiah and cautious investor sentiment after the release of trade balance data, market players are waiting for United States retail sales figures, anticipating further currency fluctuations.

2 years ago

Made in Indonesia: Cars bound for export sit parked on Dec. 15, 2023, at a facility belonging to PT Indonesia Kendaraan Terminal in Tanjung Priok, Jakarta. Indonesian car exports were up 10.6 percent in the January to November period from the same period last year.

Markets premium

Indonesia eyes 20 percent increase in car exports amid decline in local sales

The Industry Ministry hopes to ship 600,000 units from Indonesia this year, 100,000 units more than last year.

2 years ago

Pedestrians walk past the Bombay Stock Exchange (BSE) building in Mumbai on January 23, 2024. India's stock market has edged out Hong Kong to become the world's fourth-largest, a milestone that underscores growing global investor optimism about New Delhi's economic prospects, Bloomberg said on Jan. 23.

Markets

Asian markets rally after Wall Street highs

Asian markets rose Friday, supported by Wall Street and eurozone records, as traders shrugged off weak US retail sales and recession in Britain and Japan.

2 years ago

Presidential candidate pair Prabowo Subianto (left) and Gibran Rakabuming Raka walk on stage during the third 2024 presidential election debate at Istora Senayan in Jakarta on Jan. 7, 2024. The third debate covered issues of international relations, defense and security.

Markets premium

Indonesia expects to see foreign inflows following Prabowo’s one-round win

Investors expect policy continuity after Prabowo secured nearly 60 percent of the vote based on preliminary election results.

2 years ago

Attendees look at stock trading movements on Jan. 2, 2024, during the trade opening ceremony at the Indonesia Stock Exchange (IDX) in Jakarta. The IDX Composite (IHSG) rebounded after a recent decline, surging by 1.3 percent to close at 7,303.28 at the end of trading on Feb. 15, 2024.

Markets

IDX Composite soars by 1.3% in line with election optimism

The Indonesia Stock Exchange (IDX) Composite (IHSG) rebounded after a recent decline, surging by 1.3 percent, closing at 7,303.28 at the end of trading on Thursday.

2 years ago

Markets

Asian stocks rise, dollar eases as markets weigh US rate outlook

Asian stocks rose on Thursday, with the Nikkei breaching a new 34-year peak, while the dollar took a breather near a three-month high as markets assess when the Federal Reserve is likely to start its easing cycle after a run of strong economic data.

2 years ago

People walk outside the Bank of England in the City of London financial district of London on May 11, 2023.

Markets

Stocks extend slide; dollar rides Treasury yields higher

Asian shares extended a global sell-off on Wednesday, while the dollar and Treasury yields jumped as traders pared back expectations for the pace and scale of rate cuts by the Federal Reserve this year.

2 years ago

A delivery worker pulls pallets up a street in the rain in Hong Kong on Oct. 18, 2023.

Markets

Asia tracks Wall St retreat as US inflation dents rate cut hopes

Asian equities sank Wednesday, tracking a sell-off on Wall Street, as a forecast-topping US inflation report dealt a hefty blow to hopes for an early interest rate cut.

2 years ago