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Jakarta Post
Economy

Saudi Arabia faces economic contraction as war woes mount

Saudi Arabia's GDP is expected to shrink by 3.3 percent, the International Monetary Fund said in its latest World Economic Outlook report, predicting a regional drop over Iran's blockading of the Strait of Hormuz.

7 hours ago
Markets

Hedge funds are a top draw in Asia as investors look beyond bonds

Japanese pensions, Indonesia's sovereign wealth fund looking to add exposure to hedge funds ...

9 hours ago
Economy

How Indonesia’s stainless, carbon steel fare amid global headwinds

Though still ranking third among Indonesia's export commodities by value, iron and steel products declined nearly 5 percent yoy in January-August 2026 due to both external and internal pressures. ...

9 hours ago

The Latest

Regulations premium

Govt permanently bans lobster larvae exports

Indonesia has an estimated annual lobster larvae potential of 465.8 million, including stocks along the southern coast of Java, West Nusa Tenggara and Sumatra.

10 hours ago
Economy premium

Indonesia eyes discounted Saudi crude, senior minister says

Crude oil prices rose on Monday as attacks on Saudi Arabia heightened supply concerns, offsetting the prospect of more Russian energy reaching global markets after the US eased sanctions on its diesel exports.

11 hours ago
Economy

Hall, Woodford win Nobel prize for work on how to stabilize economies

Woodford and Hall are frequently name-checked by the world's top central banks which, after a 2022 inflation surge in the aftermath of the COVID-19 pandemic, are currently grappling with the energy shock triggered by the Iran war.

15 hours ago
Markets

Seoul, Tokyo stocks plunge as Asia suffers fresh tech rout

Seoul, Tokyo and Taipei led losses across Asian stock markets on Tuesday as technology firms plunged on fresh worries about the outlook for the AI investment boom, with traders preparing for a crucial earnings season and release of key US data.

15 hours ago
Companies premium

Foreign banks seek stronger foothold in RI amid consolidation push

Foreign banks are looking to expand in Indonesia through corporate action, encouraged by a government push for consolidation in the competitive market.  

19 hours ago
Companies premium

Danantara to create joint fund, build CPO refinery with Egypt

Trade between Indonesia and Egypt in 2025 reached a total of $2.4 billion, almost $2 billion of which was the value of Indonesia’s exports to Egypt, according to data from Statistics Indonesia (BPS).

1 day ago
Regulations premium

Govt to classify online ride-hailing services as public transportation under new bill

The Transportation Ministry will include ride-hailing motorcycles in the draft revision of Law No. 22/2009 on road traffic and transportation, covering two-wheeled passenger transportation, as well as motorcycle-based delivery of goods and food, with deliberations targeted for completion this year.

1 day ago
Companies premium

Pertamina, Medco acquire participation rights in ENI’s oil and gas projects

PT Pertamina Hulu Energy (PHE) and PT Medco Energi International have signed agreements with Italian energy giant Eni to acquire a portion of its participation rights in East Kalimantan.  

1 day ago
Tech

AI investment keeps global growth around 3%, with major Asia benefits: IMF

Strong investment in AI infrastructure is keeping global growth at around 3 percent, yielding major benefits for many Asian economies that supply the hardware, International Monetary Fund Managing Director Kristalina Georgieva said on Monday.

1 day ago
Companies

AirAsia in talks with Malaysian government over potential funding support

The talks reflect growing government concerns about the financial health of the country's largest domestic carrier following a spike in jet fuel prices, the people said.

1 day ago
Markets

Dollar stays near 18-month high as Mideast conflict, inflation data in focus

The dollar held ground near its strongest level in a year and a half in early Asian trade on Monday as an escalating Middle East conflict kept investors wary ahead of key US inflation data later this week that will influence monetary policy.

1 day ago
Regulations premium

Data center firms push for clearer, coordinated approvals

The concern follows West Java Governor Dedi Mulyadi’s decision to temporarily halt construction of a BDx data center in Jatiluhur, West Java, despite having attended the project’s groundbreaking ceremony on July 28. 

1 day ago
Tech

Harness engineering can scale development of Indonesia’s digital economy

Harness engineering is a method to build the software tools, guidelines and feedback mechanisms around an AI model to help it operate as a reliable, autonomous agent.

2 days ago
Economy premium

Consumer sentiment, retail sales weaken amid cautious spending

Indonesian consumers remain broadly optimistic about future economic conditions despite dipping 0.4 points in September, BI has said in a note accompanying its latest survey.

2 days ago
Economy

China says can avoid 'escalation' after EU trade talks

China and the European Union can avoid "escalation" in various contentious disputes, Beijing said on Saturday, as worries of a damaging trade war simmer.

2 days ago
Economy

France, Germany lock horns over long-term EU budget

Daggers have been drawn over the European Union's next seven-year budget, with Germany and France at loggerheads over whether Brussels should make deep cuts in a battle increasingly expected to overshoot the end of the year.

3 days ago
Companies premium

Riyadh Air to fly to Jakarta on Nov. 16, ticket sales ongoing

The Jakarta service represents a significant milestones in Riyadh Air’s rapid expansion across Asia and brings Riyadh Air’s total destinations on sale to 16.

3 days ago
Regulations premium

Govt tightens purse strings despite on-track budget

The Finance Ministry has announced mandatory belt-tightening in government institutions but at the same time insists that budget execution is on course to meet the fiscal plan for this year.

4 days ago
Companies premium

Garuda Indonesia appoints Thomas Oentoro as president director

The new CEO replaced Glenny H. Kairupan, a retired military officer and member of President Prabowo Subianto’s Gerindra Party who held the airlines' top position for only a year.  

4 days ago
Companies premium

Prabowo launches $10.2b nickel downstream projects at Weda Bay

The President launched on Thursday 11 downstream nickel and aluminum projects at the industrial park on Weda Bay in North Maluku, as part of the ongoing drive to turn the country into a major battery manufacturing hub amid the global EV boom.

4 days ago
Companies

Godrej Consumer Products Indonesia builds new Rp 500 billion factory in Kendal

The first phase of the facility occupies 2.5 hectares of GCPI’s total 5.5-ha site in Kendal, serving as a manufacturing hub for household insecticides for both Indonesian and export markets.

4 days ago
Economy

Indonesia orders cost-cutting measures to keep fiscal deficit in check

In the circular letter, Suahasil ​Nazara ordered civil servants to prioritize online meetings and to halt any procurement of new ​vehicles, as well as the construction or renovation of official residences and buildings.

4 days ago
Economy

Investing in Indonesia’s future: Why five strategic sectors matter

From toll roads and data centers to geothermal energy, healthcare and battery materials, INA is putting long-term capital behind Indonesia’s future.

4 days ago
Regulations premium

New manpower law to tilt balance to labor

Labor unions hail the new legislation as a win for workers, thanks to more rigid arrangements on contract work, outsourcing, layoffs and severance payments.

5 days ago
Economy

Deciphering Indonesia’s data center dilemma

Indonesia needs to carefully plan where data centers can be located and avoid excessive concentration, as more than 60 percent of the country’s data centers are concentrated in just two locations, Greater Jakarta and Batam.

5 days ago
Regulations premium

Indonesia mulls nickel smelter moratorium as global supply swells

Nickel prices fell to a year-to-date low of US$15,510 a tonne on Oct. 2, with further downside risks likely to hinge on Indonesia’s nickel supply policy, according to Fitch’s BMI Research.  

5 days ago
Regulations

Next steps unclear after Indonesia’s pledge to stop clearing forests for rice fields

Forestry think-tank Auriga Nusantara estimates that forest loss in Indonesia surged by 66 percent in 2025 to 433,751 ha, its highest level in eight years, with more than 78,000 ha linked to food and energy self-sufficiency programs.

5 days ago

Today's ePost

Wed, October 14, 2026

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