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Jakarta Post
Economy

China 'evaluating' US offer to negotiate tariffs

The United States has approached China to seek talks over Trump's 145 percent tariffs and Beijing's door was open for discussions, the commerce ministry said.

6 hours ago
Economy premium

Fiscal revenue down 17% yoy in first quarter

In its monthly update for March, the Finance Ministry said state revenue had fallen 17 percent in the first three months of this year compared to the first quarter last year amid weaker corporate earnings. ...

23 hours ago
Economy

Trump blames Biden for shrinking US economy

The sharp increase in imports was a reflection of businesses and consumers stockpiling foreign goods to get ahead of Trump's sweeping trade levies, which went into effect earlier this month. ...

1 day ago

The Latest

Economy

China manufacturing activity grows in February

The Purchasing Managers' Index (PMI), a key measure of industrial output, came in at 50.2 in February, according to the National Bureau of Statistics (NBS), above the 50-point mark that separates growth and contraction.

2 months ago
Economy

Nearly 20 cooperatives apply for mining permits

Deputy Cooperatives Minister Ferry Juliantono says that dozens of cooperatives have applied to obtain mining permits following the passage of a controversial revision to the 2009 Mining Law.

2 months ago
Economy

Optimizing your digital payment collection with HSBC Omni Collect

As an international bank with highly extensive experience in facilitating commerce, HSBC is offering Omni Collect to help streamline domestic payment and collections amid the flourishing digital economy in Southeast Asia.

2 months ago
Economy premium

Prabowo's economic policies put investors on edge

National Economic Council (DEN) member Chatib Basri acknowledges that the current administration has little room to boost growth through monetary or fiscal policy, making structural reform the only viable option.

2 months ago
Economy premium

China, Europe keen to invest with Danantara, Hashim says

The President’s top adviser and brother has said several foreign investors have expressed interest in collaborating on national strategic projects in Indonesia's hydropower, geothermal and solar sectors alongside Danantara as coinvestor.

2 months ago
Economy

Vietnam's US exports account for 30 percent of GDP, making it highly vulnerable to tariffs

Vietnam's goods exports to the United States accounted for 30 percent of its gross domestic product last year, the highest share among US top trade partners, a Reuters review of public data shows, making the country highly vulnerable to reciprocal tariffs.

2 months ago
Economy

Malaysia's palm oil stocks to hit two-year low after output falls

The drop in inventories in the world's second-largest palm oil producing country after Indonesia could support benchmark futures FCPOc3, and sustain the commodity's premium over competing oils.

2 months ago
Economy

Trump orders tighter curbs on Chinese investments in key sectors

US President Donald Trump has signed a memo calling for curbs on Chinese investments in strategic sectors like technology and critical infrastructure, a move Beijing slammed on Saturday as "discriminatory."

2 months ago
Economy

India likely to raise vegetable oil import taxes to help support local farmers

India meets nearly two-thirds of its vegetable oil demand through imports, with palm oil mainly bought from Indonesia, Malaysia and Thailand, while soyoil and sunflower oil imported from Argentina, Brazil, Russia and Ukraine.

2 months ago
Economy premium

Hashim doubles down on growth goal, promising 8% by year-end

A top adviser to President Prabowo Subianto has expressed confidence that Indonesia will achieve 8 percent year-on-year GDP growth in this year’s final quarter thanks to the government’s food and housing programs.

2 months ago
Economy

EU seeks more US gas, renewable energy to replace Russian supplies

The European Union will seek more gas from countries including the United States to replace Russian supplies, and expand renewable energy faster to cut its overall reliance on the fuel, the EU's energy commissioner has said.

2 months ago
Economy premium

Construction SOEs face steeper climb to recovery amid budget cuts

Analysts have warned that the situation may deteriorate further this year following the government’s decision to slash infrastructure spending, typically the sector’s main revenue source. They argue that consolidation among these firms is now more urgent than ever.

2 months ago
Economy

Trump says trade deal with China 'possible'

In 2020, the United States had already agreed to "a great trade deal with China" and a new deal was "possible," Trump told reporters.

2 months ago
Economy

Trump adds lumber to list of goods facing tariffs over 'next month or sooner'

US President Donald Trump said on Wednesday he will announce fresh tariffs over the next month or sooner, adding lumber and forest products to previously announced plans to impose duties on imported cars, semiconductors and pharmaceuticals.

2 months ago
Economy premium

Brutal budget cuts ‘preferable’ to increased debt

The government’s massive budget cuts to fund the free meals program and shower the sovereign wealth fund with cash has garnered a mixed reception from economists, who say the cuts may be overly drastic but still preferable to issuing more debt.

2 months ago
Economy

Trump says US auto tariffs to be around 25%

US President Donald Trump expanded his offensive against trading partners on Tuesday, threatening 25 percent tariffs on imported cars, and similar or higher duties on pharmaceuticals and semiconductors.

2 months ago
Economy premium

Exports of steel, CPO, other commodities plunge in January

Shipments of key Indonesian export commodities including iron and steel as well as crude palm oil (CPO) declined sharply in January, and economists project worse to come as higher US import tariffs hit global trade.

2 months ago
Economy premium

RI milk deficit may swell to 8.5m tonnes due to free meals program: Minister

Agriculture Minister Andi Amran Sulaiman said on Friday that domestic milk production could only cover around 20 percent of national demand, leaving the country to face a 4.9 million tonnes deficit.

2 months ago
Economy

Japan growth slowed to 0.1% in 2024 despite stronger Q4

Japan's economic growth slowed sharply in 2024, cabinet office data showed on Monday, although the rate for the fourth quarter beat market expectations thanks to strong exports.

2 months ago
Economy premium

Investors bleed trillions to rampant CSO extortion in industrial zones

Illegal levies can eat up as much as 30 percent of total production costs, with bribes and extortion money flowing to multiple actors, including civil society organizations (CSOs), according to Transparency International Indonesia (TII).

2 months ago
Economy

China's central bank governor says stable yuan key to global financial stability

People's Bank of China Governor Pan Gongsheng told a conference in Saudi Arabia that while most currencies have fallen against the dollar, the yuan has remained stable.

2 months ago
Economy

Trump keeps tariffs drumbeat going, with autos targeted next

"I would have done them on April 1 [...] But we're going to do it on April 2," Trump says on potential auto tariff.

2 months ago
Economy

Japan to release emergency rice reserves to fight runaway inflation

The Japanese government said Friday it will release a fifth of its emergency rice stockpile after hot weather, poor harvests and panic buying over a "megaquake" warning nearly doubled prices over a year.

2 months ago
Economy premium

Must ‘find ways to reignite interest’ in buying cars, minister says

Last year's decline marked the second consecutive annual drop in car sales since the 2022 peak.

2 months ago
Economy premium

Prabowo asks Erdogan to lower tariffs on Indonesian exports

Indonesian exports to Turkey surged to $1.94 billion last year, marking a 26 percent increase from the previous year and nearly reaching the five-year peak of $2.05 billion recorded in 2022.

2 months ago
Economy premium

Amid global trade upheaval, Jakarta sticks to China+1 strategy

The government continues to pitch Indonesia as an alternative manufacturing location while China is under pressure from US sanctions, but experts have doubt that strategy still works.

2 months ago
Economy

How ASEAN is moving up the value chain

ASEAN member states are expected to witness robust economic growth and development in the coming years, buoyed by shifting global supply chains and rising affluence.

2 months ago
Economy premium

RI’s inflation ‘source of envy’ for ASEAN, G20 countries, says Sri Mulyani

Sri Mulyani said that Indonesia’s inflation rate was at a “very low level” and was “a source of envy” for ASEAN and G20 countries.

2 months ago
Economy premium

BI watching Trump impact to assess monetary policy options

Bank Indonesia (BI) is watching economic policy changes in the United States that may affect Indonesia and will determine on that basis whether a shift in its monetary policy stance is needed.

2 months ago
Economy premium

RI, India ‘not doing enough’ in education, Indian ambassador says

In addition to the education sector, Ambassador Chakravorty highlighted several other areas in which the two countries could explore the potential for greater cooperation, including health and technology.

2 months ago

Today's ePost

Fri, May 2, 2025

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