Recent Economy News: Economic Growth, Policy, and Trends

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Jakarta Post
Economy

BP Batam’s leadership reflects on achievements, challenges ahead of 55th anniversary

Following a working visit to Seoul, BP Batam deputy for investment Fary Djemy Francis celebrated Batam’s achievements and pondered on the constant work to improve the island for its residents.

11 hours ago
Economy premium

UAE to ship 30 million crude barrels to RI, says SKK Migas

Previously, Coordinating Downstream and Energy Transition Minister Bahlil Lahadalia claimed that Indonesia no longer bought crude oil from the Middle East and was diversifying its sources to other countries, including India and China. ...

14 hours ago
Economy premium

Downgrading Indonesia: The price of getting by

As prices climb, families are switching to cheaper food, personal care products and health services, while cutting back on savings and leisure. ...

22 hours ago

The Latest

Economy premium

Higher fuel imports a headache for state budget

Higher-than-expected demand for subsidized gasoline is expected to add tens of trillions of rupiah to the state budget as the government looks to increase imports at a time of high global oil prices.

1 day ago
Economy

In Singapore, Merz seeks to widen market access to counter trade restrictions

The world is changing and the EU, with 450 million consumers, has become more active in seeking and building on partnerships to expand free trade with open competition, reliability and a rules-based order, Merz said during a visit to Singapore. 

1 day ago
Economy

South Korean investment in Batam reaches US$65.1 million as BP Batam seeks opportunities

South Korean investment in Batam surged to Rp1.175 trillion (US$65.1 million) in the first half of 2026, making the country the island’s third-largest foreign investor. BP Batam is now seeking to build on this momentum by promoting opportunities in aviation, logistics, electronics and other strategic industries.

2 days ago
Economy

Singapore to explore new tech to weather global ‘resource nationalism,' minister says

To navigate these headwinds, the city-state is strengthening the diversity of its energy sources, and taking steps to ensure it has the infrastructure required to support them, he said at the opening of the Singapore International Energy Week conference at Marina Bay Sands.

2 days ago
Economy premium

Indonesia, Singapore at odds as gas export cut raises energy concerns

Coordinating Downstream and Energy Transition Minister Bahlil Lahadalia said that the government would evaluate contracts with countries that did not “show respect” to Indonesia.

3 days ago
Economy premium

MSCI warning triggered ‘manageable’ outflow from bond market, BI reveals

Bank Indonesia has revealed that MSCI’s warning sparked immediate capital outflows from the bond market but had only a limited effect on the rupiah exchange rate.

3 days ago
Economy

Indonesia cuts gas exports to Singapore

Indonesia cut exports of natural gas to Singapore on Saturday to prioritize domestic demand, an official said, with the two countries at loggerheads over regional air pollution emanating from wildfires on the vast archipelago.

4 days ago
Economy premium

Indonesia eyes November gas boost from $891m Maha Field

Natural gas production from East Kalimantan's offshore region is targeted to increase to about 750 million standard cubic feet per day (mmscfd) starting Nov. 1, driven by an additional supply of about 290 mmscfd from JNE#6 and the development of the Maha-South Hub field.

5 days ago
Economy premium

Kadin urges disaster resilience, policy certainty to spur investment

According to the business chamber, only around one-third of businesses planned to invest in the near future, while others are taking a wait-and-see approach.

5 days ago
Economy

Indonesia Eximbank highlights CPNE initiative in push for export-ready SMEs

As one of Indonesia Eximbank’s flagship programs, the Coaching Program for New Exporters (CPNE) initiative is aimed at Indonesian businesses that have never directly exported before, with an expected output of new exporters, new products, or new markets.

5 days ago
Economy premium

Indonesia will not approach 8% GDP growth anytime soon, Fitch forecasts

A Fitch statement released on Wednesday forecast Indonesia's GDP growth would likely hover around 4.9 percent in 2027 and 2028, nowhere near the President’s ambitious 8 percent target despite an upward revision from an initial projection of 4.7 percent.

6 days ago
Economy premium

Airlines, passengers bear cost of haze-hit flights

The Indonesian National Air Carriers Association (INACA) said airlines had limited flexibility to cut costs during the disruptions, as safety remained paramount and some operating expenses continued even when flights were grounded.

6 days ago
Economy premium

East Java governor visits energy ministry as fuel queues stretch across region

Pertamina also recently increased Biosolar distribution by 20 percent in Padang, West Sumatra, to address long queues at gas stations that the company attributed to surging demand for subsidized fuel.  

1 week ago
Economy premium

FDI beats domestic investment with strong annual growth

In a reversal from last year’s tend, foreign direct investment (FDI) accounts for the lion’s share of realized investment in Indonesia so far this year, as domestic investors hold back.

1 week ago
Economy

Rethinking ferry tariffs to strengthen Indonesia’s connectivity

For many regions, ferries are not merely a transport option; they provide essential access to jobs, education, health care and markets. Ferry tariff policies must therefore do more than keep travel affordable. They must also ensure that operators can deliver reliable and safe services.

1 week ago
Economy premium

Economy strong on paper, but people struggling

Two years into Prabowo Subianto’s presidency, the economy is showing respectable growth and contained inflation despite global pressure, but many Indonesians say they struggle to secure higher incomes or better jobs.

1 week ago
Economy premium

Sugar refiners warn of shortage by early 2027, urge swift import permits

Procurement and shipping of raw sugar from supplier countries such as Brazil, Australia and Thailand typically take one to two months from the time an order is placed until the vessel arrives.

1 week ago
Economy

El Niño-powered drought leaves West Kalimantan palm farmers high and dry as river recedes

For several weeks, local palm oil mills have cut their fresh fruit bunch purchases because storage tanks are filled with processed oil they cannot ship out as a prolonged drought driven by "super El Niño" conditions has dried out the area's main transportation artery, the Kapuas River.

1 week ago
Economy premium

Danantara’s transparency, mandate remain in question two years into Prabowo’s rule

Danantara claimed that it has submitted consolidated financial statements for 2025 to the Supreme Audit Agency (BPK) in July but had yet to publish them, despite pledging to do so this month

1 week ago
Economy premium

Bahlil vows to replenish subsidized fuel supply within week

The coordinating downstream minister says the government is aiming to restore the supply of subsidized Pertalite fuel so it would cover 20 days of demand, up from 16-18 days at present, which he noted was "still adequate".

1 week ago
Economy

Leaders weigh 'huge benefit', risks of AI for global economy

The artificial intelligence boom has been a key driver of global growth, but also poses economic risks should investment in the technology falter, experts and policymakers said this week at the IMF-World Bank Annual Meetings in Bangkok.

1 week ago
Economy premium

Indonesia missing out on sports tourism boom as Mandalika extension in limbo

Indonesia is currently capturing only Rp 39.5 trillion, or 0.4 percent, of the estimated Rp 9.5 quadrillion in global sports tourism potential.

1 week ago
Economy

Indonesian exporters reach global markets at TEI 2026

The initiative is part of Indonesia Eximbank’s broader effort to support capacity building and market access for national businesses, particularly through the promotion of high-quality Indonesian products with export potential.

1 week ago
Economy premium

Job creation weakening despite industrial growth, Industry Minister says

The Industry Ministry has pointed to a potentially diverging trend between industrial growth and job creation as expansion leans heavily toward the technology sector.

1 week ago
Economy premium

Government taps MSME exports amid push into nontraditional markets

Speaking at TEI 2026, the trade minister unveiled an integrated plan for MSMEs to become the backbone of Indonesian exports as the country sought to expand into nontraditional markets across the globe.

1 week ago
Economy

US consumer inflation hotter than expected as midterms loom

The higher-than-expected inflation reading has raised the odds of a second straight interest rate hike at the US central bank's Oct. 27-28 policy meeting, although many expect the Federal Reserve to proceed cautiously.

1 week ago
Economy

On the cusp of change: creating waves in climate investment

Nadia Chiarina details her career journey, driven by her passion for lifelong learning and her courage to pursue new things, culminating in her discovery of her true calling. She is now leading an important work in investing and embedding climate considerations on an international level

2 weeks ago

Today's ePost

Thu, October 29, 2026

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