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Jakarta Post
Economy

Batam celebrates 55 years of industrial transformation

The celebration comes as the island’s investment reaches Rp 59.73 trillion in the first nine months of 2026, representing 85.33 percent of its annual target.

5 hours ago
Tech premium

E-commerce drives Indonesia’s 16% digital economy growth

Indonesia’s e-commerce market continues to expand despite economic and regulatory headwinds as platforms compete for increasingly price-conscious consumers while businesses look to artificial intelligence and digital finance for further growth. ...

5 hours ago
Regulations premium

Govt to reassess B50 biodiesel mandate amid supply, funding concerns

The higher blend has raised concern among palm oil industry players that increased domestic consumption could squeeze feedstock supplies and weigh on exports.   ...

8 hours ago

The Latest

Economy premium

Government to maintain fuel subsidies despite rising expenditure

The government has reaffirmed its intention not cut fuel subsidies despite surging global oil prices, banking on strong revenue growth to get the 2026 state budget safely to the finish line.

10 hours ago
Regulations premium

RI-Singapore discuss joint action on tax evasion, transfer pricing

The neighboring countries plan stronger data-sharing and joint measures to tackle corporate tax compliance issues.

11 hours ago
Companies

Microsoft outage spills into Asia-Pacific business hours

The outage hit government agencies in Australia, Japan and the United States, as well as companies including OpenAI and Anthropic. It is the second disruption to Microsoft's 365 services this year, raising concerns that repeated failures could push corporate clients to question Microsoft's reliability.

12 hours ago
Companies

Nvidia CEO Huang quits after affair with suspected China spy

Huang was a central figure in the boom set off by the launch of OpenAI's ChatGPT in 2022, with Nvidia’s processors, once designed for video game graphics, becoming the crucial ingredient for building AI models.

15 hours ago
Markets

Dollar near 19-month high on Fed hike bets, yen tests 160

The dollar held near a 19-month high on Friday after a strong week of gains on rising bets of a larger Federal Reserve rate hike, pushing the Japanese yen back near the key 160 mark that has left traders on alert for intervention.

16 hours ago
Markets premium

Rupiah touches new low on Fed hike bets, politics

A strong US dollar and domestic political uncertainty have pushed the rupiah to a new record low, even as Indonesian stocks rose Thursday after the latest action by index provider MSCI left investors unfazed.

1 day ago
Companies premium

Haji Isam reportedly weighs bid for Eramet’s stake in Weda Bay Nickel

Coal tycoon Andi Syamsuddin Arsyad, better known as Haji Isam, is considering acquiring Eramet SA’s stake in one of the world’s largest nickel mines, Bloomberg reported, in a move that would mark the billionaire’s second major deal this year.

1 day ago
Companies premium

INA invests in Vena Group’s 2.8 GW renewable energy portfolio

Indonesia’s sovereign wealth fund is investing under a partnership with the Singapore-based solar and wind developer in projects at home and in the Philippines as part of a wider aim to accelerate the region's energy transition.

1 day ago
Economy premium

Indonesia, Norway strike carbon credit deal at COP31

The agreement, touted as one of the largest transactions to date under Article 6.2 of the Paris Agreement, targets the sale of 12 million tonnes of carbon dioxide equivalent by 2038.

1 day ago
Markets

Asian stocks fragile, Nvidia plummets as board to decide CEO's fate

Global stocks wobbled at the start of Asian trade on Thursday, while Nvidia shares plunged in after-hours trading on news that its board may oust longtime CEO Jensen Huang.

1 day ago
Economy premium

Danantara doubles overseas bets as Indonesia seeks capital at home

The state asset fund plans to increase overseas investments and establish offices in major financial hubs, even as experts question whether its expanding international footprint will deliver enough benefits to the domestic economy.  

1 day ago
Economy premium

Prabowo set to open CEPA talks with Xi during APEC summit

President Prabowo Subianto plans to start preliminary talks with his Chinese counterpart Xi Jinping on a Comprehensive Economic Partnership Agreement (CEPA) between the two countries on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit.

2 days ago
Regulations premium

IDX tightens screening, flags 383 stocks for concentrated ownership

The Indonesia Stock Exchange (IDX) has tightened its screening mechanism to identify stocks with high shareholding concentration (HSC) in its latest push to improve market transparency, raising the number of stocks classified under the category to 383.  

2 days ago
Companies premium

PGN to upgrade pipeline network for renewable gas push

PT Perusahaan Gas Negara (PGN) is preparing its 34,267-kilometer infrastructure network to support biomethane transmission for its renewable gas business.

2 days ago
Markets premium

Cement sales pick up, but what lies ahead?

Government projects, including facilities for the free nutritious meal program and Red and White Cooperatives, have driven demand for bulk cement, while sales of bagged cement, commonly used for homebuilding and renovations, have slowed.

2 days ago
Tech

WIDTH, Nawadata partner to support compliance and risk management

WIDTH is an artificial intelligence-driven, all-in-one compliance and risk decision intelligence platform while Nawadata builds software for banks and financial institutions.

2 days ago
Markets

Bonds reel as hot inflation fuels jumbo Fed hike fears

Global bonds tumbled and the dollar stayed firm after a hot United States inflation print and hawkish central bank rhetoric raised the risk of an outsized half-point rate hike from the Federal Reserve next month, though stocks remained resilient.

2 days ago
Regulations premium

Forest fires cloud Indonesia’s bid for conservation funding at COP31

Around 202,000 hectares of land and forest had burned by July, according to data from the Forestry Ministry.

3 days ago
Companies premium

AKR buys out BP’s retail business in Indonesia

AKR Corporindo has agreed to acquire the British energy giant's 49.9 percent stake in their fuel retail joint venture for $14.22 million.

3 days ago
Economy premium

Consumer confidence up in October despite cautious spending

Indonesia’s consumer confidence rose in October, driven by growing optimism about current and future economic conditions, while retail sales are also expected to edge up year-on-year despite shoppers holding back.

3 days ago
Regulations premium

Indonesia nears OECD accession as progress reaches 80%

Indonesia’s bid to join the Organisation for Economic Co-operation and Development (OECD) is approaching completion as the country seeks to become one of the quickest in acceding.

3 days ago
Tech

France claims Iran behind 'unprecedented' cyberattacks on fridges

France on Monday said Iran's Revolutionary Guards were behind cyberattacks on supermarket fridges in the country last month, vowing sanctions on a European level against Tehran over the first such large-scale cyber-sabotage on French territory.

3 days ago
Economy

China's trade surplus soars past $1 trillion as AI boom powers exports

China's trade surplus surged past US$1 trillion in the first 10 months as a global race to build AI infrastructure buoyed sales of high-tech products and helped offset weak domestic demand, even as imports to the world's second-largest economy grow at a faster pace that its exports

3 days ago
Regulations premium

Indonesia's nuclear plans face reality check after Thorcon exit

Despite the country's oft-touted nuclear ambitions for energy security, progress has been slow among both domestic and foreign investors in terms of uptake as the years remaining until a 2032 online target tick away.

3 days ago
Economy premium

Gas supply gaps to widen sharply amid sluggish exploration

Indonesia's recent decision to trim pipeline gas exports to Singapore is too marginal to ease supply gaps facing industrial plants in Java, with export capacity set to keep shrinking as demand outpaces production. Localized shortages are projected to widen sharply through 2028.

3 days ago
Markets premium

IDX’s mass delisting raises investor protection concerns

The Indonesia Stock Exchange (IDX) will execute a forced delisting of 18 issuers in a sweeping enforcement action to improve market quality, but the move raises concerns about retail investors facing valuation and liquidity risks.

4 days ago
Tech premium

Indonesian banks pummeled in sudden cyberattack wave

Indonesian banks have been pummeled in a wave of cyberattacks in recent days, with more than 1 million attempts over the past 24 hours, prompting regulators to take action in a bid to prevent breaches.

4 days ago

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