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Krakatau Steel employees watch the production of the first hot rolled coil (HRC) steel on May 17, 2021, in the company's second hot steel mill in Banten.
Krakatau Steel employees watch the production of the first hot rolled coil (HRC) steel on May 17, 2021, in the company's second hot steel mill in Banten.`
Regulations premium

Steel industry squeezed between low demand, tight competition

The closure of steelmaker PT Krakatau Osaka Steel (KOS) has sparked fears that Indonesia’s steel industry crisis is deepening, undermining the government’s self-sufficiency push in the strategic sector.

8 hours ago
Regulations premium

Govt postpones mining royalty hike

The government believes that climbing commodity prices have created windfall profits for mining companies, requiring an adjustment to the state's revenue share.

12 hours ago
Economy premium

RI sees drop in tourists from Middle East, US, Europe amid war

Visitors from the Middle East, Europe and the US typically spend more and stay longer in Indonesia compared with tourists from other regions, Tourism Minister said.

13 hours ago

The Latest

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Regulations premium

No tax amnesty while I'm minister, insists Purbaya

Indonesia has held two tax amnesties, in 2016 and 2022, the first of which was initiated on the fallout from the Panama Papers leak that revealed data on individuals holding assets offshore, many in tax haven countries.

14 hours ago
Regulations

Ensuring quality education in the 3T regions

In Barma Baru village, Meyado district, Teluk Bintuni regency, West Papua, change is evident. TK Negeri Barma Baru, a kindergarten that for years had to endure a cramped, plywood-partitioned space, now stands in a more suitable building with much more adequate facilities.

17 hours ago
Markets

Share futures wobble, dollar gains as Iran talks teeter

The dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher.

18 hours ago
Tech premium

Government to expand gaming beyond developers to tap global demand

In an exclusive interview with The Jakarta Post, Deputy Creative Economy Minister Irene Umar highlights a new focus on pushing underdeveloped roles, such as community management and QC testing, to grow the local gaming industry for global appeal.

22 hours ago
Economy premium

Prabowo backs ASEAN to fast-track renewable energy, Borneo power grid

President Prabowo Subianto has called on ASEAN member states to accelerate the development of renewable energy and make progress on the long-proposed Trans-Borneo Power Grid, warning that energy security is an “urgent” necessity amid instability in the Middle East.

1 day ago
tech

EU countries, lawmakers fail to reach deal on watered-down AI rules

EU countries and European Parliament lawmakers failed to reach a deal on watered-down landmark artificial intelligence rules after 12 hours of negotiations on Tuesday and will resume talks next month.

1 week ago
tech

QRIS & content: A lifeline for MSMEs

With over 43 million merchants connected to the Quick Response Code Indonesian Standard (QRIS) payment system as of January, digitalization now defines the identity of today's tech-savvy market traders, moving beyond large corporations.

1 week ago
tech

Australia aims to tax tech giants unless they pay news outlets

Prime Minister Anthony Albanese said tech giants Meta, Google and TikTok would be given a chance to strike content deals with local news publishers.

1 week ago
economy

China exports rebound strongly, trade surplus widens ahead of Trump visit

China's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher.

2 days ago
economy

US job growth beats expectations but consumer confidence at all-time low

US employment rose more than expected in April, alleviating some concerns about the health of the world's largest economy even as one measure of consumer confidence came in at its lowest-ever level.

3 days ago
economy

US trade court rules against Trump's global 10% tariff

The ruling blocks the tariffs from being implemented against just two companies and the state of Washington for now, but it could open doors to further such outcomes.

3 days ago
companies

Indosat just posted a strong performance. Is the company’s AI bet paying off?

Indosat Ooredoo Hutchison has consistently shown consistent momentum and numbers, recording steady year-on-year growth over the past three consecutive quarters.

2 days ago
companies

PT Vale secures $750 million ESG-linked syndicated loan facility

Amid growing global demand for critical minerals to support the energy transition, PT Vale Indonesia Tbk has reaffirmed its commitment to integrating sustainability into its financing strategy through securing a US$750 million sustainability-linked loan (SLL) facility.

4 days ago
markets

Share futures wobble, dollar gains as Iran talks teeter

The dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher.

18 hours ago
markets

Oil climbs on Gulf clashes as AI drives stocks to weekly rise

Oil prices rose and stocks slipped as the US and Iran exchanged fire in the Middle East, though many markets in Asia were still heading for stellar weekly gains as AI demand swept up chipmakers.

3 days ago
markets

Asian stocks hit record high, dollar wobbles on peace deal hopes

Asian stocks soared to record highs on Thursday while the US dollar slipped and oil nursed steep losses as traders embraced the prospect of a peace deal in the Middle East, although the fate of the critical Strait of Hormuz remains unresolved.

4 days ago
markets

Oil sinks and stocks rally on peace hopes, Samsung tops $1 trillion

Oil prices extended losses and stocks rallied Wednesday on fresh hopes for an end to the Iran war and the reopening of the Strait of Hormuz, while Samsung blasted past the $1 trillion valuation mark as the AI tech boom continued apace.

5 days ago
markets

Stocks gain in Asia, oil flat amid new Gulf proposals

Shares edged higher while oil prices flatlined in Asia on Monday as investors drew comfort from signs of patchy progress in settling the Middle East conflict at the start of a week packed with earnings and key economic data.

1 week ago
markets

OPEC+ hikes oil production quotas but stays mum on UAE pull-out

Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.

1 week ago
markets

Trump warns Iran blockade could last months, sending oil soaring

Brent oil futures soared another 7.6 percent to US$119.69, the highest price since the early days of the Ukraine war in 2022.

1 week ago

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