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Jakarta Post
Regulations

BI slashes rates again to boost growth

The rupiah was under pressure in the first half of the year, trading near its lowest levels since the Asian financial crisis on the back of US President Donald Trump's sweeping tariffs.

11 hours ago
Regulations premium

Industry group decries supply shortage, high prices in cheap gas program

The HKI is urging the government to fulfill its fixed priced for industrial gas, or else open the door to imports if the available domestic supply was not enough to meet demand. ...

18 hours ago
Regulations

EU says could target $84 billion of US goods if tariff talks fail

The move came after US President Donald Trump threw months of painstaking negotiations with the EU into disarray by threatening to impose tariffs of 30 percent on the bloc's goods if there is no deal by August 1. ...

1 day ago

The Latest

Regulations premium

OJK to up ante in 'finfluencer' clampdown with new rules

The OJK is cooking up a new set of rules in an effort to curb the growing phenomenon of "finfluencers" and protect consumers from potential losses through unlicensed financial advice on social media.

4 months ago
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Agriculture minister asks for leniency on budget cut

Agriculture Minister Amran Sulaiman seeks to avert a massive reduction in his ministry’s funding, arguing that the measure would jeopardize the government’s efforts to achieve self-sufficiency in food production.

4 months ago
Regulations premium

Govt looks to hike royalties for several mining products

The government is looking to hike royalties on several mining products by varying amounts based on the contract types and prices.

4 months ago
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Danantara champions oil and gas projects ahead of renewables

The country’s newest sovereign wealth fund will prioritize the use of natural gas to support the country’s downstream industries and as a transition energy on the way toward cleaner power, according to the energy ministry.

4 months ago
Regulations premium

Govt to continue oil palm cultivation on confiscated land

The government plans to utilize 221,000 hectares of confiscated oil palm plantations, much of it protected forest land, to continue planting oil palm as part of its effort to achieve energy security.

4 months ago
Regulations premium

Norway, UK asked to reassess climate funding over claimed nepotism

At least 12 members of the Indonesian Solidarity Party (PSI), including PSI secretary-general Raja and deputy chair Andy Budiman, have been appointed to the program’s Operation Management Office (OMO).

4 months ago
Regulations premium

Overcoming corruption vital for RI’s economy to ‘take off’, says Ray Dalio

Investment and Downstream Minister Rosan Roeslani told reporters on Friday that he reaffirmed the government’s plan to involve Dalio as one of the members of the advisory board of the country’s latest sovereign wealth fund Danantara.

4 months ago
Regulations

Apple step closer to seeing end of Indonesia iPhone sales ban

Apple now needs to obtain a series of certificates and approvals from various ministries, the statement said.

4 months ago
Regulations premium

Why is nobody talking about rupiah redenomination anymore?

Rupiah redenomination has been in the cards for more than a decade, but the stars may now be aligning for scrapping three zeroes from the Indonesian currency as economic and political stability, alongside low inflation and strong foreign exchange reserves, would facilitate such a move.

4 months ago
Regulations premium

JETP secretariat plays down US withdrawal

The Indonesia Just Energy Transition Partnership (JETP) secretariat has insisted that the complete withdrawal of the United States from the program will have little effect on the overall climate funding for the country, stressing that some ongoing deals will still commence as planned.

4 months ago
Regulations premium

Govt’s bid to hike coal export prices faces global market backlash

Banking on its large share of the thermal coal market, Indonesia wants its domestic benchmark to inform international pricing, but importers are reluctant to go along, causing uncertainty for export deals.

4 months ago
Regulations premium

Bali refuses to take more electricity from power plants in Java

In total, Bali electricity demand is estimated to exceed 1.2 gigawatts (GW), but it only produces 961 megawatts (MW) from power plants on its soil, according to Global Energy Monitor data in 2023.  

4 months ago
Regulations premium

Govt mulls merging Pertamina subsidiaries after fuel import scandal

The SOEs minister has vowed to reform Pertamina, including by possibly merging PT Pertamina Patra Niaga and PT Kilang Pertamina Internasional, two of at least three subsidiaries currently embroiled in a fraud and corruption probe by the AGO related to fuel imports in 2018-2023.

4 months ago
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Govt to cut domestic airfares by up to 14% for Idul Fitri

The policy will reduce prices for flights booked between March 1 and April 7. The flights themselves must be taken between March 24 and April 7.

4 months ago
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Industry players demand clarity for carbon trade to deliver cuts

Set to officially launch in 2027, the cap-and-trade scheme will be separate from the voluntary carbon market as well as from the limited mandatory one for coal-fired power plants, both introduced in 2023.

4 months ago
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Hashim signals govt to keep saving $20b from budget over next five years

According to Hashim, these funds will be partially funneled into Danantara, Indonesia’s newly established sovereign wealth fund (SWF).

4 months ago
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Flurry of investments erodes Bali’s architectural identity

The government has done little to strictly impose architecture regulations, which experts suggest is due to its difficult situation in balancing economic benefits and the adverse impact on local culture. 

4 months ago
Regulations premium

Singapore ready for clean power trade, but Indonesia not so much

Singapore may have to keep waiting for green electricity from Indonesia, as Jakarta demands a reassessment of the deal, but analysts warn that overcomplicating negotiations will put Indonesia at a loss.

4 months ago
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Prabowo vows to build giant Java seawall despite budget cuts

“Can we do it? Yes, we can. I don’t know how long it will take, but insya Allah [God willing], with strong determination, we will make it happen," the President said on Tuesday

4 months ago
Regulations

Consumers can sue Pertamina for low quality fuel: BPKN

Chairman of BPKN Mufti Mubarok said on Wednesday that there's enough evidence to show that Pertamina mixed high-octane fuels with lower-octane fuels and marketed them as premium quality product, noting that consumers could file a class action lawsuit against the company.

4 months ago
Regulations premium

IKN Authority admits less than half of LoIs represent real investment proposals

The agency noted that a majority of proposals were primarily bids to serve as contractors or suppliers for projects in the area.

4 months ago
Regulations

Indonesia agrees to terms with Apple to lift iPhone sales ban

Indonesia in October prohibited the marketing and sale of the iPhone 16 model over Apple's failure to meet local investment regulations requiring that 40 percent of phones be made from local parts as the country seeks to boost investments from giant tech companies.

4 months ago
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Danantara snubs megaproject Nusantara in investment priorities: State Palace

The Nusantara Capital City (IKN) Authority had been hoping for a slice of Danantara’s capital to support the megaproject’s development, its head Basuki Hadimuljono said on Monday.

4 months ago
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Indonesia could end fuel subsidies in 2027, Luhut says

Luhut Pandjaitan, who heads the National Economic Council (DEN), has long pushed for ending subsidies on Solar and Pertalite, the country’s most popular subsidized fuels.

4 months ago
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Govt cancels Nusantara benchmarking studies due to budget cuts

The benchmarking studies ought to take a team of government officials to Egypt, Turkey and India to learn the design of their legislative and judiciary buildings for Indonesia's planned new capital city.

4 months ago
Regulations

Danantara, Indonesia's new sovereign wealth fund: what to know

He wants to tap into the fund's assets -- planned to be more than $900 billion -- to boost Indonesia to developed economy status, despite expert concern about its governance.

4 months ago
Regulations

Indonesia launches sovereign wealth fund aiming to hold $900 bn in assets

Prabowo on Monday inaugurated the new fund, known as Daya Anagata Nusantara or Danantara, which is modeled partly on Singapore's investment arm Temasek.

4 months ago
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BI keeps rates unchanged, sees only one Fed cut this year

Bank Indonesia (BI) has kept its key interest rate unchanged and expects just one cut in the US Federal Reserve’s (Fed) benchmark rate this year.

4 months ago
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Developers complain over lack of clarity in housing program

Real Estate Indonesia (REI) central board chairman Joko Suranto says a lack of details on the program run by the Public Housing and Settlements Ministry is causing instability in the country’s property market.   

4 months ago
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New export revenue rules to tackle transfer pricing, Airlangga says

According to the senior economy minister, the new policy requiring businesses to park 100 percent of their forex earnings domestically for at least one year aims to curb transfer pricing, while the President said it would boost the country’s forex reserves and ensure that its natural resources benefited the people.

4 months ago

Today's ePost

Thu, July 17, 2025

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