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Jakarta Post
Economy

US government starts likely brief shutdown as House fails to approve deal

The US government entered what is expected to be a brief shutdown on Saturday after Congress failed to approve a deal to keep a wide swath of operations funded ahead of a midnight deadline.

4 hours ago
Tech

Musk's Starlink updates privacy policy to allow consumer data to train AI

Starlink collects vast amounts of user data, spanning location information, credit card information, contact information and user IP addresses. ...

22 hours ago
Regulations premium

Heads roll at IDX, OJK, as govt vows to fix stock market

It is not immediately clear whether the resignations of five high-ranking officials at the Indonesia Stock Exchange (IDX) and the Financial Services Authority (OJK) were voluntary or forced. Senior minister Airlangga Hartarto said President Prabowo Subianto is monitoring the stock exchange following the market meltdown.  ...

1 day ago

The Latest

Economy premium

Businesses frustrated that rain still brings Jakarta to a halt

Transportation and logistics are among the sectors hit hardest by severe congestion and delays that overwhelm the city every year anew.

1 day ago
Regulations premium

Post-flood regulatory crackdown signals 'creeping nationalization'

The abrupt revocation of mining permits and the planned transfer of assets to state firms have raised concerns of "nationalization", undermining legal certainty and threatening to erode Indonesia’s appeal to foreign capital.

1 day ago
Regulations premium

What's behind Indonesia's worst stock crash in decades?

The Jakarta Composite Index plummeted around eight percent Wednesday and as much as 10 percent Thursday, its worst performance since 1998 during the Asian financial crisis.

1 day ago
Economy premium

Govt targets 141,000 subsidized homes in Meikarta

More details have been announced on the plan to use the Meikarta project for the public housing program, with the government looking to build 141,000 subsidized homes on three plots of land totaling 30 hectares.

1 day ago
Companies

PT SMI’s journey in strengthening Indonesia's sustainable development

The need for sustainable infrastructure has gained increasing prominence amid Indonesia’s efforts to accelerate national development in line with the government’s Asta Cita agenda. The challenges of climate change, development disparities and growing demand for a green economy have driven the adoption of new approaches that go beyond physical outputs, ensuring that social and environmental benefits are delivered to communities.

1 day ago
Regulations premium

IDX director steps down after stocks plunge amid MSCI warning

Indonesia Stock Exchange (IDX) president director Iman Rachman has announced his resignation following Morgan Stanley Capital International’s (MSCI) transparency warning that triggered a massive sell-off in Indonesian stocks and temporary trading halts earlier this week.

2 days ago
Markets

Asian stocks hit by fresh tech fears as gold retreats from peak

Asian stocks sank Friday amid fresh worries over vast investments in artificial intelligence. Jakarta seemed to be stabilizing after a rout over the previous two days sparked by index compiler MSCI calling on regulators to look into ownership concerns.

2 days ago
Markets

What is MSCI and what has it done to Indonesia's stock market?

Goldman Sachs estimates that foreign investor outflow could reach $7.8 billion if Indonesia is downgraded to frontier market, a scenario the investment bank and some investors deem unlikely.

2 days ago
Regulations premium

Govt vows swift changes to heed MSCI demands for RI stocks

Both Indonesia Stock Exchange (IDX) and the Financial Services Authority (OJK) have promised to act fast and change stock market regulations pursuant to points made by Morgan Stanley Capital International (MSCI) that prompted a massive sell-off.

2 days ago
Regulations premium

State-owned Perminas to assume control of Martabe gold mine

The Martabe gold mine in North Sumatra, operated by PT Agincourt Resources, will be transferred to state control under the newly formed National Mineral Company (Perminas), ending recent speculation about one of Indonesia's major gold assets.

2 days ago
Companies premium

BCA announces Rp5t share buyback as IDX drops further

The country’s biggest private bank by assets has announced a plan to repurchase up to Rp 5 trillion (US$298.6 million) worth of its shares following a sharp decline in the Indonesian Stock Exchange (IDX) Composite index.  

3 days ago
Markets

Indonesia stocks tank as downgrade risk triggers capital flight

MSCI's warning is the latest setback for Southeast Asia's largest economy as foreign capital flows out due to concerns about how President Prabowo Subianto is widening the fiscal deficit and ramping up the state's involvement in financial markets.

2 days ago
Companies

Amazon to cut 16,000 jobs worldwide

The job cuts, which follow already flagged plans to trim its workforce by 14,000 posts, were aimed at "reducing layers, increasing ownership, and removing bureaucracy," senior vice president Beth Galetti said in a statement.

3 days ago
Companies

Record high number of companies and start-ups choosing Hong Kong as regional base

Hong Kong’s attractiveness for both Mainland Chinese and international businesses has reached a record high, as shown in the latest survey, which recorded 11,070 companies based in the city in 2025.

3 days ago
Markets premium

IDX halts trading again as stocks plunge further

The Indonesia Stock Exchange (IDX) Composite index has nosedived for a second day in a row due to investability flags from Morgan Stanley Capital International (MSCI), prompting another trading halt.

3 days ago
Economy

Fed leaves rates unchanged, sees 'somewhat elevated' inflation and stabilizing job market

Noting broad internal support for the decision, Powell said the Fed remains "well-positioned" to assess when or whether another rate cut may be needed.

3 days ago
Companies

Samsung logs best-ever profit on AI chip demand

South Korean tech giant Samsung Electronics posted record quarterly profits Thursday, riding massive market demand for the memory chips that power artificial intelligence.

3 days ago
Companies

Meta boosts annual capex sharply on superintelligence push, shares surge

Instagram-owner Meta on Wednesday boosted its capital spending plans for the new year by 73 percent in the pursuit of "superintelligence," an effort to offer deeply personalized artificial intelligence to its large social media user base.

3 days ago
Markets premium

IDX plunges after MSCI warning about RI stocks

The Indonesia Stock Exchange (IDX) temporarily halted trading on Wednesday after shares plunged on a warning from global index provider MSCI that it could downgrade Indonesian stocks to frontier-market status.  

3 days ago
Companies

Plasma fractionation plant in Karawang: The ‘donor-to-drug’ journey

Every day, thousands of Indonesians donate blood and plasma, often unaware of the complex scientific and safety-driven processes that transform a single donation into life-saving therapies. As Indonesia advances toward domestic production of plasma-derived medicines, the “donor-to-drug” journey is becoming increasingly relevant for patients, healthcare professionals, policymakers and the wider public.

3 days ago
Tech premium

Indonesia logs $1b food delivery growth, region’s highest

Up 18 percent in a year, Indonesia’s US$1 billion gross merchandise value (GMV) growth is the highest in the region.

3 days ago
Markets

Dollar reels near four-year low after blow from Trump comments

As investors have grown increasingly nervous about their exposure to US assets, other currencies and gold have shot up in the past couple of weeks.

3 days ago
Regulations premium

MRT Jakarta subsidy to rise in revised budget, fares unchanged

The Public Service Obligation (PSO) subsidy for MRT Jakarta in the 2026 regional budget (APBD), which had been cut to Rp 536.7 billion (US$32.11 million), is to be increased to approximately Rp 700 billion, according to MRT president director Tuhiyat.

3 days ago
Markets premium

IDX Composite index nosedives at open

The Indonesia Stock Exchange (IDX) Composite index nosedived as trading opened on Wednesday following an evaluation by Morgan Stanley Capital International (MSCI) that flags Indonesian stocks.

4 days ago
Economy

Trump says 'we'll work something out with South Korea' after tariff threat

President Donald Trump on Tuesday said the United States and South Korea will work out a solution when asked about his surprise Monday announcement that he would increase tariffs on imports from the Asian ally to 25 percent.

4 days ago
Regulations premium

BYD, VinFast to start local EV production in March, govt says

Failure to meet those commitments allows the government to draw down bank guarantees posted by the companies as penalties.

4 days ago
Economy premium

BI appointee Tommy suggests pro-growth stance in monetary policy

Incoming Bank Indonesia (BI) deputy governor Thomas “Tommy” Djiwandono has suggested ending the so-called burden-sharing scheme between the government and the central bank but wants to harmonize fiscal and monetary policies in other ways to push economic growth.

4 days ago

Today's ePost

Sat, January 31, 2026

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