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Motorists line up on March 31 to refuel at a gas station owned by state-owned oil and gas company Pertamina in Depok, West Java, as the government announces limits on subsidized fuel sales to counter the impact of the United States-Israeli war on Iran.
Motorists line up on March 31 to refuel at a gas station owned by state-owned oil and gas company Pertamina in Depok, West Java, as the government announces limits on subsidized fuel sales to counter the impact of the United States-Israeli war on Iran.`
Economy premium

Inflation contained, for now

Experts warn of rising price pressure going forward, as fuel price hikes will only fully reflect in May data.

5 hours ago
Economy premium

Q1 trade surplus halves amid slump in coal, coffee exports

While manufacturing exports continued to expand, rising 3.96 percent in the first quarter and supported by strong nickel shipments, the gains were not enough to offset declines in mining exports caused by weaker coal shipments.

8 hours ago
Companies premium

Pertamina, private retailers hike fuel prices further

Pertamina and private fuel retailers BP-AKR and Vivo Energy Indonesia have raised prices for nonsubsidized fuels at all gas stations, effective May 4.

8 hours ago

The Latest

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Economy premium

Manufacturing shrinks in April as costs surge on Mideast war

Output declined in April at the fastest pace in nearly a year, with firms pointing to higher input prices, material shortages and weaker purchasing power due to the ongoing US-Israeli war on Iran.

11 hours 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.

13 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.

14 hours ago
Regulations premium

Motorbike producers welcome new EV subsidies

Industry players have welcomed plans to reinstate purchasing subsidies for electric two-wheelers as the government looks to reduce reliance on imported fossil fuels that have become increasingly costly amid ongoing tension in the Middle East.

18 hours ago
Regulations premium

Tighter state control over Gojek, Grab raises profitability concerns

Deputy House Speaker Sufmi Dasco Ahmad said that Danantara has acquired stakes in ride-hailing platforms as the government orders tech firms to cut commissions and expand protections for on-demand drivers under a new regulation.

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.

14 hours 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.

5 days 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.

5 days 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.

6 days 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.

1 week ago
economy

China, US economic chiefs raise complaints in 'candid' call ahead of Trump-Xi summit

The top US and Chinese economic officials held "candid" talks on Thursday ahead of a meeting set for May between President Donald Trump and President Xi Jinping, with both sides raising complaints about the other's trade policies, the US Treasury and Chinese state media said.

3 days ago
economy

Powell era ends with rates on hold, Fed hawks on the rise

Federal Reserve Chair Jerome Powell closed out eight years as head of the US central bank on Wednesday with interest rates on hold, rising concern about inflation, and an announcement that he would stay on as a Fed governor for now to defend the agency's independence from Trump administration "battering."

4 days 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.

2 days ago
regulations

Wikimedia completes Indonesia registration under threat of ban

Under a 2020 regulation, all electronic system providers (PSEs) must register in Indonesia for what the government called legal and user protection purposes before making their services available.

3 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.

13 hours 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 day 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.

4 days 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.

6 days ago
markets

Crude extends gains as Trump considers latest Iran proposal

Oil prices edged up and stocks wavered Tuesday as Donald Trump weighed an Iranian proposal that would reportedly re-open the Strait of Hormuz and end the eight-week-old war.

6 days ago
markets

Chips carry stocks higher; oil jumps on stalled peace talks

Oil climbed on Monday as stalled US-Iran peace talks prolonged the disruption of Middle East energy exports, while renewed excitement about artificial intelligence spending drove up chip stocks at the beginning of a week where war, central banks and tech earnings are in focus.

1 week ago

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