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Jakarta Post
Regulations premium

Whoosh takeover in limbo after Purbaya ousted as finance minister

The government’s plan to assume direct ownership of the Indonesian stake in the Jakarta-Bandung high-speed railway project is up in the air following the sudden removal of Purbaya Yudhi Sadewa as finance minister.  

2 hours ago
Companies premium

Danantara to inject $25m to revive stalled LRT City projects

The LRT City projects, launched in 2016, have been hit by weak property sales, squeezing the cash flow of state-owned construction firm Adhi Karya, which manages the project. ...

9 hours ago
Companies premium

Bayan Resources declares force majeure amid delayed RKAB approval

The disclosure comes amid circulating rumors that tycoon Haji Isam will acquire a 62 percent majority stake in Bayan. ...

11 hours ago

The Latest

Companies

Malaysia talks to Batik Air, Malaysia Airlines to absorb AirAsia domestic routes

AirAsia owes state-linked airport operator Malaysia Airports Holdings Berhad (MAHB) at least 500 million ringgit (US$123.6 million) for services including landing and parking fees.

12 hours ago
Companies

RI shines on world stage: Sinarmas World Academy ranks among Top 5 IB Schools in the world

History has been made. Representing Indonesia on the world stage, Sinarmas World Academy (SWA) has broken into the top five International Baccalaureate (IB) schools in the world, according to the newly released 2026 results from  IB-Schools.com*. 

13 hours ago
Markets

Asian markets make nervous start ahead of Fed decision

Stocks made tentative gains at the start of the Asian trading session on Wednesday as a rise in global bond yields and oil prices paused ahead of the Federal Reserve's policy decision due later in the day.

14 hours ago
Economy premium

El Niño chokes Indonesia’s coal exports as rivers run shallow

Citing data from the Shanghai Metals Market (SMM), Indonesia's coal exports totaled 36.10 million tonnes in August, down 23.34 percent year-on-year and 6.54 percent month-on-month, the lowest August level in five years.

17 hours ago
Economy premium

Suahasil seen to prioritize fiscal discipline, continuity

The new finance minister is expected to favor predictable policy and tighter governance even as Prabowo pushes for growth.  

1 day ago
Companies premium

Agrinas chief lambasts delay in installing cooperatives managers

The head of the state-owned agribusiness has expressed frustration at the delay in installing managers at individual Red and White Cooperative units, describing it as “a form of structural sabotage”.

1 day ago
Economy

Purbaya says he was 'upset', but half expected removal

Known for his candor, Purbaya Yudhi Sadewa's tenure was marked by the fastest economic growth in three years, but also the widest budget deficit in over twenty years outside of the pandemic, and credit rating outlook downgrades by ratings agencies Fitch and Moody's.

1 day ago
Economy

Long-term sectoral growth patterns: What should we focus on?

The manufacturing sector’s contribution to GDP remains substantial, 19.1 percent in 2025, but its growth has lagged behind national growth, causing its share of GDP to decline over the past 15 years.

1 day ago
Markets premium

IDX launches short selling scheme after long delay

The Indonesia Stock Exchange (IDX) plans to issue the list of short-selling securities on Sept. 28, which is slated to take effect in October.  

1 day ago
Tech

Indonesia's second digital leap must be about capability

Indonesia's next digital leap, rather than helping democratize access, must lead toward democratizing capability: using AI to generate value.

1 day ago
Regulations premium

Social aid exclusion errors spur call for bigger data registry budget

Statistics Indonesia (BPS) acknowledged a 23 percent error rate in its mathematical model for estimating household expenditure in the Single National Socioeconomic Data (DTSEN).

1 day ago
Markets

Dollar near two-week high as oil surge lifts yields, Fed hike bets

The dollar inched up to trade near a two-week high on Tuesday as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will raise interest rates this week.

1 day ago
Markets premium

Stricter caps, trusted supply key for RI to hit $40 carbon price

The Energy and Mineral Resources Ministry is targeting a carbon price of $40 per tonne, up sharply from the current level of $4-5 per tonne.

1 day ago
Economy

Prabowo sacks Purbaya, turns to familiar hand at Finance Ministry

Suahasil Nazara, former deputy finance minister, pledged after his inauguration to maintain a “healthy and credible” state budget.

2 days ago
Regulations premium

Pertamina seeks excise exemption for ethanol import to boost biofuel rollout

Existing bioethanol supplies can cover only about 3 percent of national demand for biofuel applications, according to the Investment and Downstream Ministry data.

2 days ago
Economy premium

Makassar fuel queues trigger WFH, rotating purchase policy

Truck refueling has also been shifted to the evening to ease congestion at gas stations.

2 days ago
Markets

AI-linked Asian stocks slump after top lab CEOs call for development slowdown

Anthropic CEO Dario Amodei called on AI companies to slow the rate at which they advance model capabilities amid mounting fears of misuse of artificial intelligence. Both Elon Musk, who runs xAI, and Sam Altman, CEO of OpenAI, said that they agree with Amodei.

2 days ago
Markets

Oil prices jump more than 2 percent after new strikes on Saudi, Strait of Hormuz

Oil prices had been expected to rise on Monday amid growing concerns about risks to supply from Saudi ​Arabia, the world's largest oil exporter, whose East-West oil pipeline was shut on Friday by a drone strike that originated in ‌Iraq.

2 days ago
Companies premium

SOE dividend grab tests Danantara’s mandate

Despite objections from Danantara, the finance minister insists the dividends be transferred this year in line with President Prabowo’s instruction.

3 days ago
Economy premium

Indonesia, China eye cooperation to boost 3 million homes program

The cooperation has formed a working group that includes representatives from BP Tapera and is set to report its survey findings for potential development sites by the end of September.

3 days ago
Economy

India's Modi and China's Xi push business links, border peace as ties revive

India and China's leaders pledged on Saturday to build up business and transport links, New Delhi said, as both rebuild ties badly damaged by a 2020 military clash on their disputed Himalayan border.

3 days ago
Markets

Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping

Saudi Arabia has shut down its East-West pipeline, after the vital oil conduit came under aerial attack in the widening Middle East war, threatening to send energy prices even higher.

4 days ago
Economy

Trump says he would be OK with China building cars in US

A regulation imposed by former President Joe ​Biden's administration in early 2025 effectively bans all Chinese automakers from selling or building passenger vehicles in the US.

4 days ago
Markets premium

Growing domestic investor dominance double-edged sword for IDX

The stock market has seen a gradual recovery despite remaining vulnerable to foreign sell-offs amid global headwinds and lingering concerns over index provider MSCI’s upcoming review, with domestic investors increasingly in the driver’s seat.  

4 days ago
Companies

GIFA Indonesia and METEC Indonesia return to strengthen downstream industry development

As Indonesia expands its metal and aluminum capacity, GIFA and METEC Indonesia are positioning themselves as platforms to accelerate downstream processing, improve efficiency and strengthen the country’s industrial value chain.

5 days ago
Companies

Govt: SPP-TDLN complements digital VAT collection, not new or double taxation

Under the mechanism, the government seeks to expand the existing tax base, potentially doubling the current figure of Rp 8 trillion (US$454 million) to 12 trillion.

5 days ago
Economy premium

Budget can weather $100 crude amid renewed Iran tensions, govt says

Brent crude, the global oil benchmark, slipped to $104.77 a barrel on Friday after hitting $108 on Thursday, its highest level since May 19 and its biggest one-day jump in six weeks. 

5 days ago

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