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Jakarta Post
A worker watches heavy equipment operate on Jan. 8, 2014, at a mining site near Sorowako, South Sulawesi.
A worker watches heavy equipment operate on Jan. 8, 2014, at a mining site near Sorowako, South Sulawesi.`
Regulations premium

New export earnings rule to exempt certain countries, Purbaya says

Though the finance minister did not specify which countries would be exempted from the latest forex earnings rule, set to enter into force on June 1, this may apply to the US under the terms of the ART.

5 minutes ago
Companies premium

Union blames Nusantara slowdown for steel plant closure

The Confederation of Indonesian Trade Unions (KSPI) has partly attributed the production halt and planned shutdown of steelmaker PT Krakatau Osaka Steel (KOS) to muted demand from the Nusantara capital city (IKN) project in East Kalimantan.  

1 hour 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.

2 hours ago

The Latest

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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.

7 hours ago
Regulations premium

Potential state overreach rattles private sector confidence

State takeovers, interventions and investments in the private sector as part of a broader policy direction have met with mixed reception, with some cautioning that potential overreach could dampen investor sentiment and the business climate.

9 hours ago
Economy premium

Joblessness falls but more work shifts to informal sector

The share of formal employment in Indonesia has been shrinking in recent years even as the official employment rate has come down, which points to deteriorating job quality in the country’s labor market.  

19 hours 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.

22 hours ago
Tech premium

Expanding cross-border tie-ups, QRIS eyes link with WeChat Pay

The cross-border QRIS payment link between Indonesia and China, which went live on April 30, is expected to expand to other Chinese digital payment platforms, including WeChat Pay, industry and central bank officials have said.

23 hours ago
tech

Energizing Indonesia’s rise as an AI contender

Agentic AI are execution models involving autonomous agents that coordinate across workflows, tools and systems with minimal human input.

4 days 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
tech

DeepSeek unveils new AI model tailored for Huawei chips

The close collaboration with Huawei on the new model, the V4, contrasts with DeepSeek's past reliance on Nvidia's AI chips.

1 week 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.

22 hours ago
companies

Spirit Airlines shuts down, industry's first Iran war casualty

Bankrupt discount carrier Spirit Airlines ceased operations on Saturday, the industry's first casualty linked to the Iran war, after failing to secure creditor support for a US government bailout plan. All flights have been canceled, the statement said, asking passengers not to go to the airport.

5 days 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.

2 hours 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.

1 day 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.

2 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.

4 days 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.

4 days 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
markets

Inflation fears send euro zone yields to multi-week highs

Euro zone bond yields hit multi-week highs on Tuesday after a survey showed euro zone consumers expecting higher inflation, prompting markets to raise the likelihood of a hike in interest rates by the European Central Bank in the coming months.

1 week ago

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