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A barge carries coal on Oct 31, 2023, at the dock next to the Suralaya coal-fired power plant, in Cilegon, Banten.
A barge carries coal on Oct 31, 2023, at the dock next to the Suralaya coal-fired power plant, in Cilegon, Banten.`
Regulations premium

Indonesia approves 580 million tonne coal production plan, signals output boost

Previously, the government revealed plans to cut national production targets from 790 million tonnes last year to around 600 million tonnes this year in an effort to address an oversupply that had weakened coal prices.

1 hour ago
Economy premium

Govt focuses on securing water to mitigate earlier, longer dry season

With the dry season forecast to arrive early and last longer due to a potential shift to El Niño, the government is readying several agricultural measures, including AWD to maintain optimal rice production.

1 hour ago
Markets

Japan steps up yen intervention threats, signals rate-hike chance

Japan stepped up yen intervention threats and signaled that further falls in the currency could justify a near-term interest rate, as policymakers grow increasingly concerned about inflationary pressures from the Middle East war.

2 hours ago

The Latest

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Regulations

WTO talks end in deadlock after Brazil blocks deal over e-commerce duties

World Trade Organization talks ended deadlocked on Monday as Brazil blocked a bid by the United States and other countries to secure an extension to a moratorium on customs duties for electronic transmissions like digital downloads, diplomats said.

7 hours ago
Economy premium

Govt scrambles for oil from anywhere amid Mideast supply crunch

While some Asian nations have declared energy emergencies amid the US-Israeli war on Iran, Indonesia has stopped short of following suit, stressing that domestic fuel and liquefied petroleum gas (LPG) supplies are secure.

21 hours ago
Tech premium

KPPU slaps $44m fine on P2P lenders over cartel scheme

The Indonesian Fintech Association (AFPI) has expressed disappointment over the ruling, saying that the maximum economic benefit set by its members was determined under a directive from the Financial Services Authority (OJK).

1 day ago
Economy

WTO members try to close gap between US, India on e-commerce tariff moratorium

Countries are working to close the gap between the US and India to extend a global agreement not to impose tariffs on electronic transmissions such as digital downloads and streaming, diplomats said on Saturday.

1 day ago
Economy

WTO reform talks coming to the crunch

The ambassador facilitating talks on reforming the World Trade Organization has voiced cautious optimism on progress at a high-level meeting in the Cameroonian capital, where reforming the beleaguered global trade body is at the heart of a four-day ministerial conference.

2 days ago
tech

Roblox to introduce new controls in Indonesia to comply with child social media block

Indonesia will require platforms to deactivate "high ​risk" social media accounts for under 16s, according ​to a ministerial regulation issued earlier this month.

5 days ago
tech

OpenAI to introduce ads to all ChatGPT free and Go users in US

OpenAI will begin showing ads to all users of the free and Go versions of ChatGPT in the United States in the coming weeks, a company spokesperson said in an emailed statement to Reuters.

1 week ago
tech

Meta planning sweeping layoffs as AI costs mount

If Meta settles on the 20 percent figure, the layoffs will be the company's most significant since a restructuring in late 2022 and early 2023 that it dubbed the "year of efficiency."

2 weeks ago
economy

WTO members try to close gap between US, India on e-commerce tariff moratorium

Countries are working to close the gap between the US and India to extend a global agreement not to impose tariffs on electronic transmissions such as digital downloads and streaming, diplomats said on Saturday.

1 day ago
economy

WTO reform talks coming to the crunch

The ambassador facilitating talks on reforming the World Trade Organization has voiced cautious optimism on progress at a high-level meeting in the Cameroonian capital, where reforming the beleaguered global trade body is at the heart of a four-day ministerial conference.

2 days ago
economy

Philippines suspends spot sales of electricity due to Middle East conflict

The suspension was ordered under a decree that declared a state of national energy emergency to deal with the fallout from the war, including disruptions to fuel procurement.

4 days ago
companies

Cathay Pacific raises fuel surcharge on all flights by 34%

"The price of jet fuel comprises both the crude oil component and the refinery component, both of which have increased significantly in recent weeks," the company said in a statement.

3 days ago
companies

XJTLU equips students to thrive in today’s job market

For international students and graduates finding employment in other countries, it is common to be met with hurdles that are accumulated based on unwritten rules and cultural differences of each country, which may tip the scales toward native workers.

4 days ago
regulations

WTO talks end in deadlock after Brazil blocks deal over e-commerce duties

World Trade Organization talks ended deadlocked on Monday as Brazil blocked a bid by the United States and other countries to secure an extension to a moratorium on customs duties for electronic transmissions like digital downloads, diplomats said.

7 hours ago
regulations

Indonesia may relax production quotas of nickel, coal if prices stay high

Previously, Indonesia announced plans to cut output quotas for several minerals this year to help support prices, including reducing the coal production quota from 790 million tons last year to 600 million metric tons.

4 days ago
markets

Japan steps up yen intervention threats, signals rate-hike chance

Japan stepped up yen intervention threats and signaled that further falls in the currency could justify a near-term interest rate, as policymakers grow increasingly concerned about inflationary pressures from the Middle East war.

2 hours ago
markets

Fuel-thirsty Asian countries line up for Russian oil

Indonesia, Vietnam, Thailand, the Philippines and Sri Lanka are lining up ‌to buy Russian oil as the Iran war blocks supplies, raising the possibility that demand may exceed supply.

3 days ago
markets

Stocks on edge as Middle East ceasefire talks take center stage

Fears of an inflationary aftershock from soaring energy prices have pushed traders to price out any chance of a Federal Reserve rate cut this year, lifting the dollar.

4 days ago
markets

Tourism, hospitality players to convene to explore sector's potential

The inaugural event, to be held on May 12 at The Langham, Jakarta, is arranged to reflect Indonesia’s unique tourism realities while addressing the evolving demands of travelers, brands and capital. 

5 days ago
markets

Crude tumbles, stocks rally on hopes for Iran war de-escalation

Stock markets in Tokyo and Seoul spiked by more than three percent at one point, while those in Hong Kong, Sydney, Shanghai, Singapore, Wellington and Taipei also rallied.

5 days ago
markets

Shares rally, oil rebounds as Trump extends Iran ultimatum

Markets were taken on a rollercoaster ride at the start of the week after Trump added five days to his Saturday ultimatum for Iran to reopen the Strait of Hormuz within 48 hours, citing productive talks with unidentified Iranian officials, which Tehran has denied.

6 days ago

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