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Jakarta Post
Regulations

US customs duties top $100 billion for first time in a fiscal year

US customs duty collections surged again in June as President Donald Trump's tariffs gained steam, topping $100 billion for the first time during a fiscal year and helping to produce a surprise $27 billion budget surplus for the month, the Treasury Department reported on Friday.

2 hours ago
Regulations premium

Prabowo seeks meeting with Trump as tariff looms

The government says it remains in negotiations to secure a trade deal with Washington before the Aug. 1 deadline. ...

23 hours ago
Regulations

Trump floats 15 to 20% blanket tariff on trading partners

Trump this week began issuing letters to many US trading partners as he ramps up pressure for more favorable trade deals. ...

1 day ago

The Latest

Regulations premium

Government funding key to Surabaya expansion, says Whoosh operator KCIC

Though a preliminary study is underway on Whoosh's Surabaya extension as a necessary development, the question of who will foot the bill looms large, with the government insistent on not dipping into the state coffers and operator KCIC insisting it can't go it alone.

1 day ago
Regulations

Trump hits Brazil with 50% tariff, sets date for copper levy

Apart from tariffs targeting goods from different countries, Trump has rolled out sector-specific duties on steel, aluminum and autos since returning to the White House in January.

2 days ago
Regulations

Malaysia central bank cuts rates for first time in five years on growth risks

Malaysia has reported a string of soft economic data in recent months with growth slowing to 4.4% in the first quarter, while exports unexpectedly fell in May.

3 days ago
Regulations premium

Manpower Minister mulls holding back layoff data to avoid ‘pessimism’

Layoffs have continued to rise across the country, especially in labor-intensive sectors such as textiles and footwear.  

3 days ago
Regulations premium

Govt, House commission agree on key macroeconomic assumptions

The government and House of Representatives  Commission XI, which oversees financial affairs, approved the basic macroeconomic assumptions for the 2026 state budget.

4 days ago
Regulations

Trump slaps 25% tariffs on Japan, South Korea, Malaysia

The 14 countries sent letters so far, which included smaller US exporters like Serbia, Thailand and Tunisia, hinted at opportunities for additional negotiations while at the same time warning that any reprisal steps would be met with a like-for-like response.

4 days ago
Regulations premium

Miners split over plan to shorten approval periods

A government plan to revert from a triennial to an annual basis for mining work plan approvals (RKAB) has drawn mixed reactions from industry players, with some warning of increased uncertainty and red tape but others seeing a chance to boost flexibility and revenue.

4 days ago
Regulations

China retaliates against EU ban with import restrictions on medical devices

Tensions between Beijing and Brussels have been rising, with the European Union imposing tariffs on China-built electric vehicles and Beijing slapping duties on imported brandy from the bloc.

4 days ago
Regulations

Trump threatens extra 10% tariffs on BRICS as leaders meet in Brazil

With forums such as the G7 and G20 groups of major economies hamstrung by divisions and the disruptive "America First" approach of the US president, BRICS is presenting itself as a haven for multilateral diplomacy amid violent conflicts and trade wars.

5 days ago
Regulations

ASEAN needs ‘bolder reforms’ to attract investments: PM Wong

To get there, bolder reforms are needed, said Prime Minister Lawrence Wong in a video message posted on YouTube on July 5, adding that the association’s 10 nations may be limited in scale individually but together have considerable weight.

5 days ago
Regulations

Trump tariffs to kick in August 1, barring trade deals

The rates will "boomerang back" to the sometimes very high levels that President Donald Trump had announced on April 2 -- before he suspended the levies to allow for trade talks and set a July 9 deadline for agreements, Bessent told CNN.

5 days ago
Regulations

BRICS finance ministers make unified proposal for IMF reforms

The joint statement by the group's finance ministers marks the first time the BRICS countries haveagreed on a unified position on the proposed reforms. They agreed to back the shared proposal at an IMF review meeting coming up in December, which will discuss changes to a quota system that defines contributions and voting rights.

6 days ago
Regulations premium

Drivers, customers wary of ride hailing fare hike plan

The proposal follows a major driver protest in May, during which drivers demanded higher fares and lower commission rates from the apps.

1 week ago
Regulations

Trump to start informing countries of US tariffs Friday

"My inclination is to send a letter out and say what tariff they're going to be paying," he told reporters on Thursday. "It's just much easier."

1 week ago
Regulations premium

Govt expands microloans to boost housing, sugarcane farming

The government has allocated Rp 13 trillion (US$803.11 million) for renovation loans and Rp 117 trillion for housing development under the scheme.

1 week ago
Regulations

China says US lifted some export curbs

"Currently, both teams are working quickly to implement the results outlined in the London framework", China's commerce ministry said in a statement, referring to the June meetings.

1 week ago
Regulations

Trump wins major victory as Congress passes flagship bill

The bill is expected to pile an extra $3.4 trillion over a decade onto US' fast-growing deficits.

1 week ago
Regulations premium

Govt to restore yearly approvals process amid coal price slump

The energy minister has announced the move to undo last year’s implementation of the three-year approval process via the e-RKAB platform, which had led to overproduction and weaker oversight as well as reduced tax collection.

1 week ago
Regulations

US-Vietnam trade deal sows new China uncertainty

The Southeast Asian nation has the third-biggest trade surplus with the United States of any country after China and Mexico, and was targeted with one of the highest rates in the US president's "Liberation Day" tariff blitz on April 2.

1 week ago
Regulations

RI to sign $34b pact with US partners ahead of tariff deadline, minister says

Jakarta is facing a 32 percent tariff in US markets and has previously offered to increase US imports to facilitate trade talks between the two sides.

1 week ago
Regulations premium

Electric two-wheeler incentives back in August, govt says

EV bikes sales in the first half of 2025 have plummeted, falling by 30 to 40 percent compared with the same period last year.

1 week ago
Regulations

Indonesia free meal plan stunted by delays, protests, poisonings

Large-scale aid programs in Indonesia have a history of allegations of graft at both the regional and national levels.

1 week ago
Regulations

Trump says he will put 20 percent tariff on Vietnam's exports

The figure is lower than the April announcement that US importers of Vietnamese goods would have had to pay a 46 percent tariff.

1 week ago
Regulations premium

Whoosh losses raise doubts over Surabaya extension

The state-owned enterprises (SOEs) consortium involved in the operation of the Whoosh, PT Pilar Sinergi BUMN Indonesia (PSBI), recorded Rp 4.19 trillion in losses last year.

1 week ago
Regulations premium

Govt targets 15,000 barrels per day from community oil wells

The energy ministry has identified around 7,000 potentially productive community wells in Aceh, Jambi, South Sumatra, Central Java and East Java.

1 week ago
Regulations premium

Danantara to receive $10b funding from foreign banks, CEO claims

Danantara CEO Rosan Roeslani noted that the agency had already secured $7 billion in international investment commitments from Qatar, Russia, China and Australia.  

1 week ago
Regulations

US Senate passes Trump's sweeping tax-and spending bill, setting up House battle

The vote in the House, where Republicans hold a 220-212 majority, is likely to be close.

1 week ago

Today's ePost

Sat, July 12, 2025

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