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Jakarta Post
Economy

Forecast for strong El Nino fans worries about global crops as Iran war bites

"The last time we saw similar signals was during the severe 2015 to 2016 El Nino," a meteorologist has said.

10 hours ago
Economy

EU, US sign critical minerals plan to counter China reliance

An action plan said that the EU and US would explore setting minimum prices on critical minerals, effectively preventing China or other outside powers from flooding the market with inexpensive exports. ...

12 hours ago
Companies

Google to invest up to $40 billion in AI rival Anthropic

The investment comes just days after e-commerce giant Amazon said itwill invest up to $25 billion in the artificial intelligence (AI) startup. ...

14 hours ago

The Latest

Regulations

US imposes sanctions on Chinese refinery for buying Iranian oil

Sanctions experts have long said, however, that the independent refineries are somewhat immune to the full effect of US sanctions as they have little exposure to the US financial system.

15 hours ago
Regulations premium

Govt backtracks on EV taxation as adoption rises

The latest ministerial regulation appears to be the final blow to the remaining support for the EV industry, which had been showing signs of taking off in Indonesia. 

20 hours ago
Economy premium

Investment growth cools as global turmoil hurts investor appetite

Foreign direct investment (FDI) reached Rp 250 trillion in Q1 2026, rising 8.5 percent year-on-year, although it slightly declined compared with Rp 256 trillion in the previous quarter.

1 day ago
Economy

Batam investment surges 103% in Q1 2026, reinforcing role as Indonesia’s key growth hub

Badan Pengusahaan Batam (BP Batam) has reported an investment realization of Rp 17.4 trillion in the first quarter of 2026, marking a 102.85 percent increase year-on-year (YoY) and 68.92 percent growth quarter-on-quarter. The performance signals a strong start to the year and reinforces Batam’s position as one of Indonesia’s most dynamic investment centers.

1 day ago
Markets premium

RI secures 150 million barrels of Russian oil

The deal was forged during President Prabowo Subianto’s three-hour meeting with Russian President Vladimir Putin on April 13.

1 day ago
Economy premium

Govt braces for shorter trips as airfare hike bites tourism

To capitalize on the potential shift, the government plans to accelerate the development of land connectivity to stimulate tourism flows.

1 day ago
Regulations premium

Whoosh structural overhaul to satisfy China, Purbaya says

The finance minister expects Chinese stakeholders "to be satisfied" with the government's latest debt restructuring plan for the Whoosh high-speed rail project, with the new setup aiming to address persistent cost overruns, delays and interagency incoordination through a more proportionate risk-sharing approach.

1 day ago
Economy

Indonesia says Russia will supply 150 million barrels of oil

Prabowo met Russian President Vladimir Putin at the Kremlin last week, where they discussed strengthening strategic partnerships, including in the energy sector, cabinet secretary Teddy Indra Wijaya said in a statement.

1 day ago
Economy

No immediate downgrade if RI deficit tops 3% amid Iran war: Fitch

The credit rating agency noted that there was a risk the government might substantially relax its fiscal and monetary policies to achieve President Prabowo Subianto's ambitious ​8 percent growth target.

1 day ago
Companies

Meta plans 10% layoffs as AI spending soars: Source

Meta is locked in a bitter rivalry with other tech behemoths racing to invest heavily in AI, aiming to ensure the technology generates profits in the not-so-distant future.

1 day ago
Economy

India, US trade talks remain constructive after visit, New Delhi says

Efforts to frame an interim trade pact, including a proposal to lower US tariffs on Indian goods to about 18 percent, have been clouded by uncertainty following a US Supreme Court ruling although negotiations are continuing.

1 day ago
Economy premium

Iran war, domestic strains push rupiah to new historic low

The rupiah was the worst-performing currency in the region, depreciating 0.61 percent by market close, followed by the Philippine peso and the Thai baht, which weakened by 0.6 percent and 0.55 percent, respectively.

2 days ago
Economy premium

Purbaya floats, then downplays Malacca Strait levy idea

The Foreign Ministry has issued a counterstatement emphasizing Indonesia's adherence to international law in all maritime policies after the finance minister's backtracked suggestion referring to Iran's transit levy in the Strait of Hormuz.

2 days ago
Economy premium

From machine tools to military tech: German industry dons fatigues

Russia's invasion of Ukraine has rattled NATO and led Berlin to pour huge amounts into rebuilding its armed forces, sparking a business bonanza for weapons makers and manufacturers of dual-use goods.

2 days ago
Markets premium

Iran war boosts European logistics profits as shipping chaos persists

While airfreight volumes are expected to grow at a high single‑digit rate in the quarter, sea freight volumes are forecast to rise only at a low single‑digit pace year on year.

2 days ago
Regulations premium

Govt allocates $290m to build 100 new rice warehouses

The total additional capacity from the new facilities is expected to reach around 900,000 tonnes, although individual warehouse sizes will vary.

2 days ago
Economy premium

Local banks see uptick in loan growth in March

Credit growth rebounded to 9.49 percent year-on-year (yoy) last month from the 9.37 percent logged in February. The latest figure, however, is still lower than the 9.96 percent yoy growth recorded in January.   

2 days ago
Markets

Asian shares pull back from record highs as oil gains on Iran risk

Iran on Wednesday captured two container ships seeking to exit the Gulf via the Strait of Hormuz, tightening its grip on the crucial waterway, as investors watch if the fragile ceasefire in the Middle East will hold.

2 days ago
Markets

India to import record 2.5m tons of urea at nearly double price

India, the world's biggest urea importer, issued the tender earlier this month to secure 2.5 million tons of the fertilizer, or nearly a quarter of its annual imports of about 10 million tons in 2025.

2 days ago
Economy premium

BI holds rate steady to rein in rupiah's weakening

The central bank has decided to keep the BI-Rate unchanged at 4.75 percent to prevent the rupiah from spiraling ever downward amid the nearly two-month war in Iran as the currency hit a record low of Rp 17,193 per greenback on Wednesday, while experts pointed to a narrowing room for monetary policy in its aim to secure financial stability.

3 days ago
Economy premium

Indonesia turns to paper, glass packaging as plastic prices climb

Beyond conventional materials, the government is encouraging the development of bioplastics derived from natural resources such as cassava and seaweed. 

3 days ago
Markets

Malaysia offers rare earths alternative to China

Australia's Lynas facility in Gebeng, Malaysia is now the world's largest single rare earths processing plant.

3 days ago
Economy premium

Govt eyes renminbi-denominated panda bonds issuance this year

Last year, the government also began issuing renminbi-denominated debt through so-called dim sum bonds, which are similar to panda bonds but are marketed mainly in Hong Kong.

3 days ago
Markets

Oil, stocks fall as traders weigh outlook after Trump extends truce

With the two-week truce in its final hours, the US president said he would push the deadline back indefinitely following a request from mediator Pakistan and stressing the need to give Tehran's "fractured" leadership time to form a proposal.

3 days ago
Regulations premium

Foreign workers crackdown dents RI’s industrial zone appeal

Reliance on foreign workers familiar with proprietary technologies, as well as slow and rigid licensing processes in Indonesia, has created incentives for foreign companies to bypass formal visa channels.

3 days ago
Economy premium

MSCI extends final call on RI equities to June review

The uncertainty weighed on investor sentiment, with the Indonesia Stock Exchange (IDX) Composite Index slipping 0.46 percent on Tuesday, even as major Asian markets advanced on optimism that the Iran conflict may be nearing an end.

4 days ago
Economy premium

Pertamax price may rise if oil rally persists, minister says

State-owned energy firm Pertamina previously increased prices for three non-subsidized products, Pertamax Turbo, Dexlite and Pertamina Dex, by between 48 and 66 percent.

4 days ago

Today's ePost

Sat, April 25, 2026

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