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The country is seeking to move from being a major commodity producer and global price taker to becoming a price maker through the planned Indonesian Commodity Exchange (Icomex). Yet a similar platform, the Indonesia Commodity & Derivatives Exchange (ICDX), has operated for nearly two decades without gaining significant influence over global markets.
33 minutes agoBy redirecting local fiscal lifelines to fund national flagship projects, the government risks deepening the income gap and fracturing national unity into a tale of two economies. ...
41 minutes agoFrom Hollywood mythmaking to modern populist politics, Christopher Nolan’s The Odyssey holds up a sobering mirror to figures like Donald Trump and Prabowo Subianto, exposing how disruptive "tricksters" use Trojan horse tactics to hollow out democracy from within. ...
51 minutes agoFrom Jackson Hole to Jakarta, the Fed's Kevin Warsh and BI's Destry Damayanti face twin battles over the most fragile asset in central banking: credibility.
1 hour agoAs state power and political patronage close in on Nahdlatul Ulama, the world’s largest Muslim organization faces a pivotal internal battle: preserve its independent moral voice, or become a rubber stamp for the ruling elite.
2 hours agoAn "IMPACT Plus" analysis of speculation about another Kim-Trump summit indicates three gaps compared to 2018 that Seoul could move to bridge, creating the conditions for another meeting regardless of pessimistic prospects at present.
20 hours agoAs AI and crowdsourced systems take on the job of fact checking, they promise speed but struggle to deliver trust and explainability. Until they can do all three, human verification still has a vital role to play.
21 hours agoPrabowo’s political architecture strategy is to embrace former political adversaries within a single, inclusive framework, a “big tent” coalition.
22 hours agoFar from suggesting financial Armageddon, the US treasury secretary’s futile efforts to keep a lid on Treasury yields suggest that once again, the dollar is America’s currency but everyone else’s problem.
23 hours agoWhile Indonesia dreams up airborne flour bombs to fight forest fires, its peatlands are quietly sinking out of existence—governed by an ignored 40-centimeter water rule that no aerial stunt can fix.
1 day agoTimor-Leste President José Ramos-Horta speaks to The Jakarta Post about the future of ASEAN and the challenges ahead for the regional bloc.
1 day agoA major earthquake in East Nusa Tenggara (NTT) has once again put Indonesia’s disaster preparedness under scrutiny, raising tough questions about political will and shrinking mitigation budgets. Sitting squarely on the Pacific Ring of Fire, Indonesia faces inherent geological risks. Yet policymakers too often treat this geography as an excuse for poor outcomes rather than an urgent mandate for better preparation.
1 day agoIt seems to have become a pattern under the government of President Prabowo Subianto. When problems erupt, the state must “be present”, as the President often puts it, which translates into asserting itself more forcefully.
1 day agoTaking action to prevent zoonotic disease spillover is better than reacting to an outbreak, especially in countries where people live and work closely with wildlife, such as Vietnam and Indonesia.
1 day agoAs traditional US alliances shift and Beijing flexes its muscle, regional powers must master the delicate art of sparring with China without triggering an outright conflict.
1 day agoA glacier in Tibet fell exactly as the science said it would, and no agency or institution was waiting for it: Indonesia is writing a climate change law with the same blind spot.
1 day agoIndonesia has the scale to drive AI demand, but without an urgent policy pivot into tech manufacturing and infrastructure, it risks becoming just a lucrative consumer market while its neighbors capture the real value.
1 day agoFrom weaponized algorithms to creeping militarism, an urgent blueprint for exposing authoritarian power and defending civic freedom before it is too late.
2 days agoBank Indonesia (BI) and the Indonesian Payment System Association (ASPI) launched Kartu Kredit Indonesia (KKI) on Aug. 17, enabling deferred QRIS payments to be processed domestically. While easier access to credit could support consumption and strengthen Indonesia’s payment ecosystem, it also carries risks. Without prudent lending standards, greater convenience could lead to higher household debt and deteriorating credit quality.
2 days agoShuffling Whoosh’s ballooning debt among state balance sheets won't save the region's first HSR service; only hard renegotiations and structural reform will.
2 days agoAs Thailand prepares to engage constructively with the UNCLOS conciliation proceedings to resolve the border dispute with Cambodia, both sides must first ensure that the conditions on the ground are actually safe for our teams to work.
2 days agoIn parallel with growth, the government must have a dedicated focus on the revenue side of reducing the deficit, particularly in drawing businesses out of the shadow economy and into the real economy.
2 days agoAs Destry Damayanti makes history as the central bank's first female governor, a battle-tested leadership team is stepping up to anchor monetary stability and drive equitable growth through turbulent global markets.
2 days agoA new private initiative bringing together the crème de la crème of European business, financial, economic and tech elites could well prove useful in kick-starting European growth and innovation. But first, it must recognize that the problem it hopes to solve is fundamentally political.
2 days agoChasing elite clubs like the OECD won’t magically transform Indonesia’s economy, especially in a fractured global order where diplomatic prestige is no substitute for domestic reform.
3 days agoThe deeper issue is that a probabilistic statistical estimate is being wielded as an indisputable administrative fact; one deemed sharp enough to decide who gets subsidized fuel and who walks away empty-handed.
3 days agoImagine a corrupt official who has stolen billions of rupiah from state coffers. Under a proposal floated by President Prabowo Subianto, that official could walk free, no conviction, no prison, simply by handing the money back. It sounds like restitution; critics say it looks a lot like a pardon with a price tag. The proposal, outlined in Prabowo's Aug. 14 State of the Nation Address, would offer amnesty to corruptors who return stolen state funds. It has reignited a debate that cuts to the heart of his presidency: Is Indonesia's war on corruption for real, or is it starting to look negotiable?
3 days agoThese shows may suspended accounts, but the process needs transparency.
3 days agoAs toxic haze blankets the region, Indonesia's 2027 draft budget reveals a dangerous paradox: chasing state revenue by doubling down on the very extractive projects fueling the fires and displacing its people.
5 days agoWhile the crowds take to the streets, the real political battle is being waged behind closed doors - where public anger may simply be the opening move in an elite power reshuffle.
5 days agoShare your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
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