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Jakarta Post
Economy premium

LPG imports from US risk increasing subsidy burden

Analysts urge the government to diversify supply sources and strengthen energy security to avoid overdependence on costly routes.

10 hours ago
Economy premium

Southeast Asian exporters brace for US transshipment crackdown

Though not yet enacted, experts see a threatened 40-percent tariff on transshipped goods as a serious risk given Southeast Asia’s deep connection with Chinese manufacturers.   ...

13 hours ago
Economy premium

Moderate gains, rising challenges: Navigating the multi-finance industry in 2025

The multi-finance industry is entering a phase of more limited growth this year, with Bank Mandiri projecting receivables expansion will remain relatively flat at around Rp 500 trillion in the remaining months of the year. ...

1 day ago

The Latest

Economy

As poor nations' default wave peaks, cash shortage could take its place

The World Bank aims to boost lending capacity by $30 billion over 10 years. The IMF cut surcharges, lowering the cost for the most overstretched borrowers by $1.2 billion annually.

9 months ago
Economy

China's central bank cuts two key rates to boost economy

China's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy.

9 months ago
Economy

The path of culture: Economic, social and environmental impacts

Tenggara Strategics, in collaboration with the Centre for Strategic and International Studies (CSIS) Indonesia, hosted a public discussion and unveiled a study titled "The path of culture: Economic, social and environmental impacts," which highlights the vast contributions of Indonesia's rich cultural assets.

9 months ago
Economy

US budget deficit widens to $1.8t, third-highest on record

The United States on Friday reported a budget deficit of $1.8 trillion for the past year, widening from 2023's level on greater spending, including for interest on the public debt.

10 months ago
Economy premium

Ministry defends recovery efforts for tourist industry

While conceding that visitor numbers had not returned to pre-pandemic levels, the tourism ministry highlighted that it had surpassed this year's minimum target with 11.43 million arrivals until Oct. 1 and expressed optimism of reaching the maximum target of 14.3 million visitors by the year-end.

10 months ago
Economy premium

Why buy it, ask Indonesians as ‘underconsumption’ trend takes hold

A global social media trend encouraging people to rethink consumer culture and embrace a minimalist lifestyle is taking hold in Indonesia.  

10 months ago
Economy

A decade of excellence: State budget strengthens foundation of Golden Indonesia 2045

In his speech delivering the 2025 state budget (APBN) bill and its financial note at the House of Representatives plenary meeting, President Joko “Jokowi” Widodo said the 2025 state budget must further strengthen Indonesia's leap forward in order to escape the middle income trap, by utilizing the demographic bonus, continuing economic transformation, increasing investment attractiveness and creating more jobs.

10 months ago
Economy premium

Steelmakers blame imports from China for plummeting sales

The Indonesian steel industry has blamed a sharp rise in imports from China for plummeting sales at some domestic producers.

10 months ago
Economy

Credible, transparent and accountable: A decade of state budget achievements

The state budget (APBN) cycle, a complex and comprehensive process from planning to accountability, plays an important role in outlining the government’s achievements and financial performance for the year.

10 months ago
Economy

Accelerating post-pandemic economic rebound through the PEN program

The COVID-19 pandemic impacted all aspects of life globally in 2020, including the economic sector.

10 months ago
Economy

Bahlil discusses reliance on foreign labor in nickel downstreaming

Energy and Mineral Resources Minister Bahlil Lahadalia completed his doctoral program in only one year and eight months, causing an uproar among University of Indonesia alumni.  

10 months ago
Economy premium

Smallholders must organize to succeed: EU commissioner

Europe's agriculture commissioner, who is currently on a state visit to Indonesia, suggests that smallholders must organize to increase productivity, add value and cut out the scourge of middlemen by taking a more prominent position in the agricultural supply chain.

10 months ago
Economy

China's economy grows 4.6 percent in Q3, keeping stimulus calls alive

China's economy grew slightly quicker than expected in the third quarter, but a prolonged property downturn and weak consumption remain a drag on activity, maintaining pressure on policymakers as they consider more stimulus steps to revitalize growth.

10 months ago
Economy premium

RI fires up LFP manufacturing despite lack of lithium reserves

Indonesia is one step closer to its goal of becoming an electric vehicle manufacturing hub after inaugurating its first lithium iron phosphate (LFP) factory earlier this month, but analysts say the country’s heavy reliance on Chinese investment in the industry could complicate efforts to sell the cathode material in Western markets.

10 months ago
Economy premium

Bappenas draws up two scenarios to attain Prabowo’s 8% growth target

Bappenas has drawn up two possible scenarios for the country to achieve incoming president Prabowo's plan to reach GDP growth of 8 percent, an entire percentage point higher than Jokowi's unattained target of 7 percent.

10 months ago
Economy

China to boost credit for property market, renovate 1 million homes

China said Thursday it would boost the credit available to the ailing property market by the end of the year and help renovate a million homes as unveiled its latest measures to shore up the struggling sector.

10 months ago
Economy premium

Years later, Indonesian tourism still below pre-pandemic level

More than four years after the coronavirus pandemic wreaked havoc on international travel, Indonesia’s crucial tourist industry has yet to recover.

10 months ago
Economy

Sovereign sukuk plays major role in decade of Indonesian development

Sovereign sukuk (SBSN) has played an important role over the past decade of economic and infrastructure development in Indonesia. Also known as Islamic bonds, the sharia-based financing instrument is one effective solution that supports national development while fulfilling the principles of Islamic finance.

10 months ago
Economy premium

BI keeps rate unchanged but open to cut at right moment

Bank Indonesia will keep eye on the Federal Funds Rate (FFR), US Treasury yields and the state of the ongoing Middle East conflict, among other indicators.

10 months ago
Economy

'Age of Electricity' coming as fossil fuels set to peak: IEA

More than half of the world's electricity will be generated by low-emission sources before 2030 but the deployment of clean energy is "far from uniform" across the globe, the International Energy Agency said Wednesday.

10 months ago
Economy premium

Businesses hope for Sri Mulyani’s return as finance minister

After a meeting with the president-elect in Jakarta on Monday, Sri Mulyani said Prabowo had asked her to serve as finance minister again.

10 months ago
Economy

A decade of Indonesian MSME journey: Empowering local products to penetrate global markets

Micro, small and medium enterprises (MSMEs) hold a vital role in the national economy, becoming a backbone of economic stability, and have proven to be resilient in the face of crises such as the COVID-19 pandemic. MSMEs dominate economic growth by contributing around 60.5 percent of gross domestic product and absorbing 96.9 percent of the total workforce. Therefore, the government continues to encourage the MSME sector through various policies and programs that are expected to advance the sector so that it can participate in the global value chain.

10 months ago
Economy premium

Indonesia must get more clean energy investment, new minister says

According to Investment Minister Rosan Roeslani, data center providers have shown interest in Indonesia but backed off because of a lack of renewable energy and opted to invest in Malaysia instead.

10 months ago
Economy

Govt maintains revenue optimism in 2025 by expanding, intensifying policies

In the last 10 years, the Indonesian economy has been one of the best-performing economies in the world, with average annual economic growth of above 5 percent, controlled inflation and a positive fiscal deficit as a result of effective consolidation.

10 months ago
Economy

A decade of positive performance in ensuring social benefits through development

Over the last decade, Indonesia has successfully integrated development across various sectors nationwide, with the government ensuring that the development agenda runs well and has a positive impact on society. Despite many challenges ranging from global economic turmoil, geopolitical tensions and pandemics to climate issues, the government has been consistently present in reaching all levels of society.

10 months ago
Economy premium

Domestic car production slumps by 11 percent in September

Automobile production has declined, in part because of the weakening purchasing power of Indonesian customers.

10 months ago
Economy

State spending in the past decade shows better spending overall

The average growth of Indonesia’s state spending in the past decade was recorded at 6.83 percent, rising from Rp 1,777.2 trillion (US$114 billion) in 2014 to Rp 3,621.3 trillion in 2025.

10 months ago
Economy

State budget financing remains on track to protect welfare, maintain stability

The government is actively implementing state spending to meet the targets of the state budget (APBN), namely by supporting economic growth and improving people's welfare. To that end, the government has consistently allocated the budget for various priority programs and managed state finances wisely.

10 months ago
Economy

Tech helps Singapore economy top forecasts in third quarter

Singapore's economy grew more than expected in the third quarter as a rush for all things linked to artificial intelligence drove up demand for computer chips, according to preliminary data Monday.

10 months ago
Economy premium

Hamburg summit seeks solutions for sustainable development financing

The United Nations has estimated that the world is facing an annual financing gap of about US$4 trillion to achieve the SDGs, leaving countries with scarce resources to invest in better education, healthcare, renewable energy and climate resilience.

10 months ago
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Wed, August 20, 2025

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