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Jakarta Post
Regulations

Europe's central bankers fear more turbulence in testy US relations

Europe's central bankers are leaving an annual getaway with their United States counterparts far from reassured that long-standing norms in global cooperation remain intact and worried that more turmoil is ahead for an already testy relationship with Washington, sources familiar with the discussion said.

19 hours ago
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House commission confirms Destry as BI governor

The House of Representatives has confirmed Destry Damayanti for the Bank Indonesia (BI) governor position for a full five-year term. ...

3 days ago
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Cooperatives financing raises concerns over SOE banks, fiscal risks

Experts argued that SOE banks still need to assess the commercial viability of the cooperatives and not just rely on the government backstop.    ...

4 days ago

The Latest

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Site selection for first nuclear plant expected by mid-2026, says renewables official

According to the ministry's renewables director general, the Bangka Belitung Islands and West Kalimantan are two priority provinces under consideration as a potential site for developing Indonesia's first nuclear power plant toward a 2032 on-grid target.

6 months ago
Regulations

EU proposes extending Russian oil sanctions to maritime services

It has been reported that Karimun, Riau Islands, has been part of a system of traders, shippers and transshipment points, including the floating hub along the Malacca and Singapore straits and Fujairah in the United Arab Emirates, that has helped keep Russian oil and products flowing, despite the sanctions.

6 months ago
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Prabowo ordered purge of IDX, OJK leadership, brother says

Hashim Djojohadikusumo, who is the special envoy for climate change and the brother of President Prabowo Subianto, said the five IDX and OJK officials who resigned soon after last month’s market crash did so in direct response to the President’s order.

6 months ago
Regulations

EU proposes sanctions on Indonesian ports for handling Russian oil

The proposal would bar EU companies and individuals from conducting transactions with Karimun Port in Indonesia and Kulevi Port in Georgia.

6 months ago
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Indonesia proposes 3 measures to meet MSCI's transparency demands

As part of their eight-point plan, Indonesian authorities have come up with three proposed measures to meet MSCI's transparency demands and avoid potential downgrading to emerging market status.

6 months ago
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Crackdown on mining permits faces legal scrutiny

A potential lawsuit over halted mining operations could expose the state to fiscal risks reaching tens of trillions of rupiah, extending far beyond legal fees to include lost revenue and compensation claims.

6 months ago
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Pushing rupiah to 15,000 per dollar ‘not that difficult’, says Purbaya

Finance Minister Purbaya Yudhi Sadewa says pushing the rupiah exchange rate back up to 15,000 per United States dollar should not be that difficult as the currency is undervalued when taking into account Indonesia’s economic fundamentals.

6 months ago
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Weak commitment, policy uncertainty derail RI renewable targets

The contribution of renewable energy to the national energy mix, which refer to total electricity production, rose by only 1.1 percentage points to 15.75 percent in 2025.

6 months ago
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OJK, IDX name new leaders before markets open again

The Financial Services Authority (OJK) has announced replacements for four of its high-ranking officials who stepped down on Friday, while the Indonesia Stock Exchange (IDX) is also set to appoint a new interim director ahead of a meeting with global stock market index compiler Morgan Stanley Capital International (MSCI) scheduled for Monday.

6 months ago
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Heads roll at IDX, OJK, as govt vows to fix stock market

It is not immediately clear whether the resignations of five high-ranking officials at the Indonesia Stock Exchange (IDX) and the Financial Services Authority (OJK) were voluntary or forced. Senior minister Airlangga Hartarto said President Prabowo Subianto is monitoring the stock exchange following the market meltdown. 

7 months ago
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Post-flood regulatory crackdown signals 'creeping nationalization'

The abrupt revocation of mining permits and the planned transfer of assets to state firms have raised concerns of "nationalization", undermining legal certainty and threatening to erode Indonesia’s appeal to foreign capital.

7 months ago
Regulations premium

What's behind Indonesia's worst stock crash in decades?

The Jakarta Composite Index plummeted around eight percent Wednesday and as much as 10 percent Thursday, its worst performance since 1998 during the Asian financial crisis.

7 months ago
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IDX director steps down after stocks plunge amid MSCI warning

Indonesia Stock Exchange (IDX) president director Iman Rachman has announced his resignation following Morgan Stanley Capital International’s (MSCI) transparency warning that triggered a massive sell-off in Indonesian stocks and temporary trading halts earlier this week.

7 months ago
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Govt vows swift changes to heed MSCI demands for RI stocks

Both Indonesia Stock Exchange (IDX) and the Financial Services Authority (OJK) have promised to act fast and change stock market regulations pursuant to points made by Morgan Stanley Capital International (MSCI) that prompted a massive sell-off.

7 months ago
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State-owned Perminas to assume control of Martabe gold mine

The Martabe gold mine in North Sumatra, operated by PT Agincourt Resources, will be transferred to state control under the newly formed National Mineral Company (Perminas), ending recent speculation about one of Indonesia's major gold assets.

7 months ago
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MRT Jakarta subsidy to rise in revised budget, fares unchanged

The Public Service Obligation (PSO) subsidy for MRT Jakarta in the 2026 regional budget (APBD), which had been cut to Rp 536.7 billion (US$32.11 million), is to be increased to approximately Rp 700 billion, according to MRT president director Tuhiyat.

7 months ago
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BYD, VinFast to start local EV production in March, govt says

Failure to meet those commitments allows the government to draw down bank guarantees posted by the companies as penalties.

7 months ago
Regulations

Danantara to manage land seized from 28 firms linked to Sumatra floods

PT North Sumatra Hydro Energy (NSHE), which runs the Batangtoru hydropower facility, is among the 28 firms whose permits were revoked after the floods. The company is controlled by China's state-run SDIC Power Holdings Co. Ltd.

7 months ago
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Shell, BP to receive fuel import quotas every six months this year

As private fuel retailers began seeing their annual stocks run low last August, the government refused to issue additional quotas and instead urged them to buy imported base fuel from Pertamina. 

7 months ago
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Plan to build subsidized apartments in Meikarta raises doubts

The Public Housing and Settlements Ministry plans to transform parts of the long-stalled Meikarta project in Bekasi, West Java, into a subsidized apartment complex (Rusun) to provide affordable homes in urban areas for low-income earners.  

7 months ago
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Indonesia cuts live cattle price cap after beef traders’ strike

Beef prices in Indonesia usually climb ahead of Idul Fitri, which is expected to fall on March 21 this year, as seasonal demand rises during Ramadan and the festive period.

7 months ago
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E-commerce sellers wait for tighter rules on platform fees

E-commerce sellers say restrictions on platform fees under a planned new regulation would help them manage pricing more efficiently.

7 months ago
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Indonesia seeks to boost rooftop solar quota by 400 MW

If approved by state electricity monopoly PLN, the total quota for 2026 would rise to around 1,400 MW.

7 months ago
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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.

7 months ago
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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.

7 months ago
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Indonesia aims for garlic self-sufficiency in 2029

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

7 months ago
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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.

7 months ago
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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.

7 months ago
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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.

7 months ago
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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. 

7 months ago

Today's ePost

Mon, August 31, 2026

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