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Jakarta Post
People are given information about services from online lending company KoinWorks in Jakarta in April 2019.
People are given information about services from online lending company KoinWorks in Jakarta in April 2019.`
Companies premium

Jakarta prosecutors detain three in $35m KoinWorks graft probe

Authorities allege the executives of PT Lunaria Annua Teknologi (LAT), the operator of KoinWorks, manipulated collateral documents and falsified trade invoices to secure massive loans from state-owned lender BRI.

29 minutes ago
Economy premium

Belitung eyes tourism boost from Singapore flight route reopening

Singaporean airline Scoot launched twice-weekly flights between Belitung and Singapore on Sunday, marking the route’s inaugural service.

3 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.

5 hours ago

The Latest

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Regulations premium

Pivoting from LPG to CNG to require 'billions of dollars’

As the government looks to replace millions of subsidized 3‑kilogram LPG cylinders with compressed natural gas (CNG) to reduce costly imports, experts warn the switch would require billions of dollars in investment, and a tight safety regime.

8 hours ago
Regulations premium

BI tightens guardrails to curb rupiah’s slide

The rupiah extended its slide to 17,425 per US dollar on Tuesday, according to the Jakarta Interbank Spot Dollar Rate (JISDOR), underscoring Southeast Asia’s largest economy’s struggle to halt the currency’s decline since early this year.

19 hours ago
Companies premium

Airlines push for higher fare cap as fuel costs rise, rupiah weakens

Avtur prices at Soekarno-Hatta International Airport in Jakarta rose to Rp 27,358 (US$1.57) per liter for May period, up 16 percent from Rp 23,551 per liter in April and more than doubling from Rp 13,656 in March.

1 day ago
Economy premium

P2P lending surges in March, but bad loans still high

The bad loan rate began to spike in November 2025 and now hovers above 4 percent, while the fintech sector has come under pressure recently following the KPPU's ruling on monopolistic practices related to interest rates.

1 day ago
Economy premium

Govt to launch incentives for 200,000 EVs to boost sales, cut fuel subsidies

In a push to reduce the burden of fuel subsidies on the state budget and boost growth in the latter two quarters, the government is planning to roll out a new incentive for purchases of electric two- and four-wheelers in June.

1 day 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.

3 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
tech

Apple's Tim Cook to step down as CEO in September

Tim Cook will be replaced by company veteran John Ternus, who joined Apple’s product design team in 2001 and rose to become senior vice president of hardware engineering over the following two decades.

2 weeks ago
regulations

Outsourcing reform: Protection with two-tier responsibility

A new regulation stated that the protection of outsourced workers, including wages, overtime, social security and severance, is the responsibility of the outsourcing firm, while the principal company's role is to ensure compliance.

1 day ago
regulations

Prabowo orders ride-hailing companies' maximum commission set at 8 percent

Prabowo said he signed a presidential regulation which was the basis for the new maximum commission cap that ride-hailing firms could take from their driver partners.

6 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.

5 hours 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.

1 day 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.

3 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.

3 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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