TheJakartaPost

Indonesia weighs subsidized fuel curbs for luxury cars

The government has pledged to keep Pertalite prices unchanged despite continued volatility in global crude prices, while exploring other ways to rein in the rising cost of subsidies. ...

3 hours ago

Companies premium

ESR, INA deepen logistics push with two Cikarang facilities

The push comes as growing logistics and manufacturing activity drives demand for modern warehouse space in Indonesia. ...

4 hours ago

The Latest

A bank employee counts Chinese renminbi notes next to US dollar bills on Jan. 25, 2023, at a Kasikornbank branch in Bangkok.

Markets

Dollar firmer as markets await US inflation data for Fed clues

The dollar nudged a little higher in Asian trade on Wednesday, receiving limited additional strength after renewed attacks on shipping in critical waterways in the Middle East, as currency markets anxiously awaited the release of inflation data later in the global day.

6 hours ago

A screen at the Indonesia Stock Exchange (IDX) shows stock quotes on Jan. 2, 2025, in Jakarta . (Antara Foto/Hafidz Mubarak A)

Markets premium

SOEs public listing plan faces undervaluation, crowding risks

There have been no new initial public offerings (IPOs) by state-owned firms on the Indonesia Stock Exchange over the past three years.

12 hours ago

Visitors look at shoes for sale on Aug. 11 at a retail outlet in Tangerang City, Banten.

Worry about jobs, spending power hurts consumer confidence

Bank Indonesia’s retail sales index also dropped sharply in June, but the central bank sees improvements next month.

23 hours ago

President Prabowo Subianto salutes the crowd from his vehicle on July 21, 2025, ahead of inaugurating the establishment of 80,081 cooperatives under the Red and White Village Cooperatives initiative in a national rollout ceremony held in Bentangan village, Klaten, Central Java.

Cooperatives' proposed carbon trading role faces readiness hurdles

Under the proposed scheme, cooperatives would register carbon units from forests or mangroves with the Carbon Unit Registration System (SRUK), enabling communities to directly benefit from sales.

1 day ago

Participants run toward the finish line during the Lila Wangsa Run 2026 in Lhokseumawe, Aceh, Indonesia, Sunday, Aug. 9, 2026.

The economics of running: When a free sport becomes big business

More than 500 running events are taking place in Indonesia and more than 200 cities in 2026, roughly five times the number recorded in 2022.

1 day ago

Officials from the Coordinating Economy Ministry, the Finance Ministry, the Financial Services Authority and self-regulatory organizations (SROs) launched the first gold ETF on Monday at the Indonesia Stock Exchange (IDX) office in Jakarta.

Indonesia launches first gold ETF to expand bullion market

Indonesia holds the world's sixth-largest gold reserves, estimated at around 2,600 tonnes.

1 day ago

Trade Minister Budi Santoso (third left) speaks on Aug. 7-8, 2026, during the BRICS trade ministers’ meeting in Jaipur, India.

Indonesia presses BRICS to defend multilateralism amid trade shift

Indonesia also sought a preferential trade agreement (PTA) with South America’s Mercosur bloc as negotiations for a broader Indonesia-Mercosur Comprehensive Economic Partnership Agreement (IEU-CEPA) made little progress.

1 day ago

Acting Bank Indonesia governor Destry Damayanti (center), Financial Services Authority (OJK) chair Friderica Widyasari Dewi (left) and Indonesia Deposit Insurance Corporation (LPS) chair Anggito Abimanyu speak to reporters after attending a Financial System Stability Committee (KSSK) meeting with President Prabowo Subianto at the Presidential Palace in Jakarta on July 27, 2026.

Destry named sole candidate for BI governor post

President Prabowo Subianto has nominated interim Bank Indonesia governor Destry Damayanti as the sole candidate for the central bank’s vacant governor seat.

2 days ago

New workforce: Fresh graduates line up on Oct. 8, 2024 at the Al-Bantani Mosque in Serang, Banten, where a job expo was being held.

Official unemployment decline contrasts with rise in layoffs

Continued layoffs and a shift of work to the informal sector raises questions about the quality of jobs being created as official data shows that the unemployment rate edged down in May.

2 days ago

Batam, Rempang and Galang (Barelang) City Police Sr. Comr. Anggoro Wicaksono (second left) reads a statement, next to other officers, during a press conference on the dismantling of an international gambling network in Batam, Riau Islands, on May 25, 2026.

Govt suspends social aid for 1.5 million families flagged for online gambling

The figure marks a sharp increase over the 2025 data-matching exercise, which identified approximately 600,000 beneficiary families with transactions linked to online gambling.

2 days ago

Companies

Indosat launches Zankore by Indosat to serve Asia-Pacific’s AI demand

Blue-chip technology leaders join forces to build one of Southeast Asia's largest AI infrastructure platforms, targeting 1 gigawatt of NVIDIA DSX AI factory capacity.

2 days ago

An employee displays Indonesian rupiah and United States dollar banknotes at Bank Syariah Indonesia in South Tangerang, Banten, on Jan. 21, 2026.

Markets

Dollar near two-month trough as US inflation data awaited

The US dollar hovered near a two-month low against major currencies on Monday as investors awaited this week's inflation data for clues on the Federal Reserve's rate path.

2 days ago

Investment app Pluang offers many features including gold, money market and cryptocurreny investment.

Tech

Pluang announces Indonesia’s first agentic trading platform

Agentic trading is a technology for investing through an artificial intelligence assistant that can analyze, research and execute buy/sell actions in an active account, where every transaction requires final user confirmation.

2 days ago

Interim Governor of Indonesia's Central Bank Destry Damayanti (center) arrives on July 27 at the Presidential Palace complex in Jakarta.

Prabowo mulling 'many' names for BI governor amid Destry’s rise

Anonymous sources said last week Prabowo had his eyes on Destry to win the race and her nomination would be made formal, according to reports from Bloomberg and Reuters.

2 days ago

A technician from the National Research and Innovation Agency (BRIN) inspects a reactor pool in the G.A. Siwabessy multipurpose reactor on July 15, 2024, at the B.J. Habibie Science and Technology Area in Serpong, South Tangerang, Banten.

Tech premium

BRIN pitches advancing nuclear, AI in meeting with Prabowo

During a meeting with the President on Aug. 6, the research agency presented its work in various fields to support the administration's development agenda, including a nuclear power ecosystem, AI technology including chip-making and potable water facilities.

3 days ago

The floating panels of a solar power plant at Cirata Dam in Purwakarta regency, West Java, are seen from above on Sept. 26, 2023.

Industrial limits hamper Indonesia's 100 GW solar push

The "aggressive" deadline of three years would likely backfire, pushing Indonesia into heavy reliance on imported solar components.

3 days ago

A drone view captures high wall mining operations to recover additional ore from mineral seams in Mercer County, West Virginia, the United States, on April 17, 2025.

Trump administration to invest $3 billion into minerals projects to boost defense supply

The White House needs critical minerals to replenish weapons stockpiles depleted during the Iran conflict and reduce US dependence on Chinese supply chains.

4 days ago

A girl arranges piles of discarded shell waste on Oct. 25, 2025, in the Cilincing area of North Jakarta. Child labor remains a challenge facing the country’s poverty alleviation drive.

Poverty falls, but the line is too low, economists say

Economists say the country's poverty line no longer reflects actual living costs and are urging the government to revise it as soon as possible.

4 days ago

The Wisma Danantara Indonesia building of Indonesian asset fund Danantara is pictured on Jl. Jenderal Sudirman in Central Jakarta on July 8, 2025.

Companies

Meat packer JBS to partner Danantara arm in joint venture

JBS has agreed to form a ‌joint venture with PT Danantara (DIM), an arm of Indonesia's sovereign wealth fund, ⁠to pursue investments in protein production across Indonesia, Southeastern Asia, Australia and New Zealand, it said on Friday.

5 days ago

The Kasepuhan Pasir Eurih community in Sindanglaya village, Serang regency, Banten. Indonesia is home to thousands of indigenous communities who live closely with nature.

Between the commodification of nature and biocultural violence

As Indonesia enters a new chapter in biodiversity financing, experts caution against repeating the errors of the carbon market.

5 days ago

Markets

Dollar drifts higher as traders eye Iran talks ahead of US jobs data

The dollar drifted higher against the yen and euro on Friday, building on the previous day's gains as doubts about an Iran peace deal buffed the US currency's appeal as a haven.

5 days ago

The World Bank Group headquarters building in Washington, DC, on April 9, 2023.

World Bank offers $750 million guarantee for Indonesia loans program

The World Bank announced on Thursday that it was providing US$750 million in financial guarantees to Indonesia's largest state-owned commercial bank, with the funds to be channeled into the government's low-interest loan program for small businesses.

5 days ago

Industry Minister Agus Gumiwang Kartasasmita (right) accompanied by PT Toyota Motor Manufacturing Indonesia president director Nandi Julyanto (second right) and PT Toyota-Astra Motor vice president director Jap Ernando Demily, (third right) looks at a Toyota vehicle fueled with B50 biodiesel after opening the Gaikindo Indonesia International Auto Show (GIIAS) 2026 at the Indonesia Convention Exhibition (ICE) in BSD, Tangerang, Banten, on July 30, 2026.

Govt plans new EV incentives even as sales soar

Electric vehicle adoption is accelerating and overall car sales have begun to recover in the first half of the year.

5 days ago

Companies

'Kamulah Dunianya': the moments that matter during MPASI

For babies, complementary feeding is not simply a transition from milk to solid food... Mothers are not only feeding their children, they are also helping build curiosity, confidence and lifelong habits.

5 days ago

A customer passes by a rack of sweetened drinks in a supermarket in Jakarta on Dec. 14, 2023.