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Jakarta Post
Economy

Batam Powers Ahead as Southeast Asia’s Emerging Hyperscale Data Center Hub

Batam is rapidly transforming into a regional digital infrastructure hub, anchored by a landmark hyperscale data center expansion that underscores the island’s growing strategic relevance in Southeast Asia’s data economy.

6 hours ago
Economy

Iran closes Hormuz Strait again, as Trump warns against 'blackmail'

Iran's military declared the Strait of Hormuz closed again on Saturday, prompting ships to abandon attempts to transit the waterway and President Donald Trump to warn Tehran against trying to "blackmail" the United States. ...

1 day ago
Economy

US renews Russian oil waiver after pressure from countries

The move is part of the administration's effort to control global energy prices that have shot higher during the US-Israeli war on Iran. ...

2 days ago

The Latest

Economy premium

Bank loan growth inches up, but not in consumer, MSME segments

Credit growth rose 7.74 percent year-on-year (yoy) to Rp 8.3 quadrillion (US$493 billion) in November, accelerating from growth of 7.36 percent yoy in October, according to the Financial Services Authority (OJK).  

3 months ago
Economy premium

Free meal program’s fiscal, monetary impact “limited”: INDEF

The Jakarta-based think tank found the program would lift GDP by just 0.15-0.17 percent at its peak in the early 2040s before the impact gradually wanes.

3 months ago
Economy premium

RI meets crude lifting target for first time in years, claims Bahlil

The Indonesian oil industry has met its crude lifting target set in the 2025 state budget, marking the first time the country managed to do so in almost a decade, while gas output failed to meet the goal.

3 months ago
Economy

Crunch time for EU's long-stalled Mercosur trade deal

The EU is expected Friday to give a long-delayed go ahead to a huge trade deal with South American bloc Mercosur championed by business groups but loathed by many European farmers.

3 months ago
Economy premium

Budget scrapes through 2025 with deficit just below legal cap

Last year’s fiscal deficit, or the amount by which state spending exceeded state revenue, was larger than planned at 2.92 percent of GDP, the finance minister revealed on Thursday.

3 months ago
Economy premium

Indonesia sets sights on rice exports this year

The government also expressed confidence that Indonesia will end imports of white crystal sugar (GKP) this year, backed by a large-scale sugarcane plantation project in East Java.

3 months ago
Economy premium

Purbaya focusing on ‘peripheral measures’ over core issues: CSIS

Core fiscal and structural challenges, including high bond yields and legal and political uncertainty, continue to be a concern for the country, despite Finance Ministry optimism, according to CSIS. 

3 months ago
Economy

Bessent, Lutnick to join Trump at Davos

US Trade Representative Jamieson Greer and special envoy to the Middle East Steve Witkoff will also be part of the planned delegation, the source said.

3 months ago
Economy

Oil extends losses as Trump flags Venezuela shipments

Crude has seen wild swings since the US president ordered the toppling Saturday of Nicolas Maduro, his counterpart in Caracas, and said Washington would run the country while demanding "total access" to its key resource.

3 months ago
Economy premium

Trade protectionism to persist in 2026

Trade protectionism has become a new normal that economists say Indonesia will have to navigate carefully this year through market diversification.

3 months ago
Economy

Banking sector 2026: Gaining altitude?

Indonesia’s banking sector had a tough time in 2025 due to several challenges, mostly stemming from weaker domestic demand. A struggling middle-to-low-income class has put pressure on banks from the assets and liability side.

3 months ago
Economy premium

Food, gold push inflation to highest level since 2022

Inflation in 2025 reached the highest level in three years, spurred by increasing prices for various food commodities but also for gold, as the precious metal reached record highs in a world marked by uncertainty.

3 months ago
Economy premium

RI surplus holds despite weaker coal exports, rising imports

The US$2.66 billion surplus in November extended the country’s run of monthly surpluses to 67 consecutive months.

3 months ago
Economy premium

Australia scraps dumping probe into Indonesian steel

The dumping margin for Indonesian hot-rolled deformed steel rebar was just 1.3 percent, well below the 2 percent de minimis threshold required to impose duties.

3 months ago
Economy

Venezuelan oil industry: world's largest reserves, decaying infrastructure

Venezuela, whose President Nicolas Maduro was captured by US forces on Saturday, according to US President Donald Trump, has the world's largest oil reserves.

3 months ago
Economy premium

Factory activity barely grows in December despite holidays, S&P finds

S&P Global's latest manufacturing PMI report showed the December reading slipped 2.1 points to 51.2 from the previous month, though it noted that surveyed firms anticipated a pickup in demand in the new year.

3 months ago
Economy premium

6% economic growth in 2026 within reach, Purbaya says

Despite a slowdown in the first nine months of 2025, Finance Minister Purbaya Yudhi Sadewa says Indonesia’s economy could outpace the government’s own budget assumption.

3 months ago
Economy

Xi says China to hit 2025 growth target of 'around 5 percent'

China's economy is expected to have grown "around 5 percent" in 2025, President Xi Jinping said on Wednesday, despite "pressure" during a year he described as "very unusual", state media reported.

3 months ago
Economy premium

Textile industry presses govt to seek US tariff relief

The comments followed a statement by Coordinating Economy Minister Airlangga Hartarto on Friday that manufactured products such as garments and textiles would receive no exemption from the United states' 19 percent tariff.

3 months ago
Economy

Recovery momentum for Indonesia’s fashion industry

Domestic players must adapt agilely and effectively to a noticeable shift in segment-specific consumer behavior amid weaker purchasing power, whether to more affordable products or reduced spending, including strategic marketing that takes a balanced approach to incorporating both online and offline channels.

3 months ago
Economy premium

Slow loan growth holding back GDP, INDEF says

An INDEF economist has said the loan growth target must aim for a higher target of 15-16 percent next year rather than 8-12 percent at present to boost GDP.

3 months ago
Economy premium

Bali sees dip in domestic tourists, pins hopes on foreign visitors

Bali Governor I Wayan Koster attributed the decline to a reduced number of domestic flights, noting that several aircraft operated by national flag carrier Garuda Indonesia and its subsidiary Citilink are currently undergoing maintenance  

3 months ago
Economy premium

Profound budget policy changes failed to lift growth in 2025

The first full year under the leadership of President Prabowo Subianto was marked by pronounced changes in budget allocations and a shift toward pro-growth fiscal policy, but amid external and internal challenges, this has yet to reflect in GDP figures.

3 months ago
Economy premium

Indonesian textiles excluded from US tariff relief, Airlangga says

The chief negotiator for Jakarta’s reciprocal tariff deal with Washington says the US tariff exemptions apply to natural resource commodities, hence textiles and textile products are excluded by default.

3 months ago
Economy

Japan govt approves record budget, including for defense

The Japanese government approved a record budget for the upcoming fiscal year on Friday, to pay for everything from bigger defense spending to ballooning social security costs as inflation persists.

3 months ago
Economy premium

Govt orders more cuts to regional ‘inessential’ spending on flagship programs

Among the non-essential expenditures targeted by the joint circular signed by the finance and home ministers are ceremonial activities, official trips with “non-measurable” outputs and regional grants disbursed to other institutions.

3 months ago
Economy

US once again recalls imported Indonesian shrimp over Cs-137 findings

The incident is the latest in a series of rejected shipments following contamination alerts, with authorities previously identifying at least 24 companies in and around KIMC as having been exposed to Cs-137.

3 months ago
Economy

China's high-speed rail network passes 50,000km mark

The East Asian superpower has the world's largest rail network – one-fifth longer than the circumference of the earth.

3 months ago
Economy premium

Govt mandates private fuel stations to buy diesel from Pertamina

Starting April 2026, the government will not roll out diesel fuel import allocations for private companies, as it anticipates a surplus of approximately 4 million kiloliters of the fuel driven by the upgraded Pertamina refinery and B50 biodiesel policy.

3 months ago
Economy premium

Christmas sales inch up slowly amid cautious spending

Retailers are seeing a later-than-usual pickup in seasonal sales this year as consumers appear more cautious with their spending, while industry associations say the delayed momentum could carry over past the year-end and into early 2026.

3 months ago

Today's ePost

Mon, April 20, 2026

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