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Jakarta Post
US dollar, Euro, Yen and Pound banknotes are seen in this illustration created on May 4, 2025.
US dollar, Euro, Yen and Pound banknotes are seen in this illustration created on May 4, 2025.`
Markets

Dollar rises to six-week high on rate hike bets and war uncertainty

The US dollar hit a six-week high on Wednesday as investors came to terms with the possible need for higher interest rates to tackle inflation resulting from the Iran war.

7 hours ago
Regulations premium

Govt mandates coal, CPO exports through state agency

Speaking before the House of Representatives’ plenary on Wednesday, Prabowo said the policy was aimed at curbing under invoicing and transfer pricing, in which exporters underreport shipment volumes to reduce tax obligations.

16 hours ago
Regulations

What is President Prabowo's new plan to control export of key commodities?

The full force of the new policy will come into effect after a transition period that has been set at three months but can be extended to the end of the year.

12 hours ago

The Latest

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Economy premium

Purbaya raises conflict-of-interest concern in Mandalika SEZ dispute

The case centers on PT Perusahaan Air Indonesia Amerika (PAIA), a foreign investment joint venture backed by investors from the United States, Singapore and Saudi Arabia, which alleged it had been unfairly treated by state-owned firm ITDC.

14 hours ago
Regulations premium

BI hikes key interest rate by 50 bps to stabilize rupiah

Bank Indonesia (BI) has increased its benchmark interest rate by 50 basis points (bps) to stabilize the rupiah, blaming the recent depreciation of the Indonesian currency on external pressure.

14 hours ago
Economy premium

Weak rupiah puts pressure on strategic projects

The rupiah’s depreciation has raised the costs for Indonesia’s National Strategic Projects, with contractors warning of squeezed margins, cash flow strain and potential construction delays for import-heavy infrastructure works.

15 hours ago
Economy premium

BREAKING: Govt eyes 6.5 percent economic growth in 2027

In a speech outlining the Macroeconomic Framework and Fiscal Policy Points (KEM-PPKF), Prabowo told the House of Representatives on Wednesday that the deficit for 2027 was set at 1.8 to 2.4 percent of gross domestic product (GDP), below the legal cap of 3 percent.

18 hours ago
Regulations

Indonesian ministers meet Chinese ambassador, firms after complaint letter

In a letter earlier ​this month to President Prabowo Subianto, copied to ​China’s ⁠embassy and seen by Reuters, the China Chamber of Commerce in Indonesia said ⁠Chinese ​firms faced "excessively stringent regulation, ​over-enforcement", and alleged corruption and extortion by authorities.

19 hours ago
tech

PSN’s Nusantara 5 satellite officially starts operations

Nusantara 5 (N5) satellite is Asia's biggest with a capacity of 160 Gigabits per second (Gbps) using the very high throughput satellite (VHTS) specification

3 days ago
tech

ASEAN told to strengthen approaches, frameworks for digital transformation

Beyond introducing new regulations, it is equally important to understand how institutions make decisions, coordinate implementation and respond to emerging challenges in practice.

3 days ago
tech

Big risks and rewards in upcoming IPOs at SpaceX, OpenAI, Anthropic

Wall Street is licking its chops over an unprecedented slate of massive IPOs set to arrive in the coming months, beginning with Elon Musk's SpaceX in June.

3 days ago
tech

YouTube, Snap and TikTok settle school district's social media addiction claims

In a landmark trial, a Los Angeles jury on March 25 found Meta and Alphabet's Google negligent for designing social media platforms that are harmful to young people.

4 days ago
tech

Musk accused of 'selective amnesia,' Altman of lying as OpenAI trial nears end

A lawyer for Elon Musk hammered at the credibility of OpenAI CEO Sam Altman on Thursday, near the end of a trial over whether to hold the ChatGPT maker and its leaders responsible for allegedly transforming the nonprofit into a vehicle to enrich themselves.

5 days ago
tech

EU chief turns up heat on social media's 'addictive' design

The European Union is working on new rules to protect children from the addictive designs of social media such as TikTok, Meta and X, EU Commission President Ursula von der Leyen said on Tuesday.

1 week ago
economy

Under Trump pressure, EU agrees to implement US trade pact

EU lawmakers and member states reached a deal in the early hours of Wednesday to implement the bloc's nearly year-old trade pact with the United States, with President Donald Trump threatening new tariffs unless it is done by July 4.

20 hours ago
economy

Japan first quarter GDP growth beats expectations

Japan's economy grew faster than expected in the first quarter on solid exports and consumption, data showed, though momentum will face a severe test as the full force of the energy shock from the Iran war filters through businesses and consumers.

1 day ago
regulations

What is President Prabowo's new plan to control export of key commodities?

The full force of the new policy will come into effect after a transition period that has been set at three months but can be extended to the end of the year.

12 hours ago
regulations

Indonesian ministers meet Chinese ambassador, firms after complaint letter

In a letter earlier ​this month to President Prabowo Subianto, copied to ​China’s ⁠embassy and seen by Reuters, the China Chamber of Commerce in Indonesia said ⁠Chinese ​firms faced "excessively stringent regulation, ​over-enforcement", and alleged corruption and extortion by authorities.

19 hours ago
markets

Dollar rises to six-week high on rate hike bets and war uncertainty

The US dollar hit a six-week high on Wednesday as investors came to terms with the possible need for higher interest rates to tackle inflation resulting from the Iran war.

7 hours ago
markets

EM FX steady, stocks reel as bond selloff spreads on inflation fears

Bonds from Tokyo to New York extended losses on Monday as inflation fears stoked investor wagers on rate hikes from global central banks. G7 finance ministers in a meeting in Paris looked to find common ground to tackle imbalances from the selloff.

1 day ago
markets

Nations drawing down oil stocks at record pace: IEA

Countries are tapping into oil inventories and strategic reserves at a "record pace" due to the "unprecedented" supply disruptions caused by the Middle East war, the International Energy Agency said Wednesday.

6 days ago

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