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Jakarta Post
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.

35 minutes ago
Economy

Prabowo replaces Finance Minister Purbaya with his deputy

Suahasil Nazara had been deputy finance minister since 2019. ...

1 hour 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. ...

1 hour ago

The Latest

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.

4 hours 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.

7 hours 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.

21 hours 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.

1 day 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.

1 day 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.

1 day 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.

2 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.  

2 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.

2 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.

2 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. 

2 days ago
Companies

Micron promises Taiwan workers up to 68 months' pay after strike threat

US memory chip giant Micron Technology said Friday that its workers in Taiwan will receive the equivalent of up to five years and eight months of pay, as labor unions threaten to strike unless the company overhauls its bonus system.

3 days ago
Companies premium

Mining operations at Weda Bay Nickel restart after four-month halt

French mining group Eramet has announced that mining operations at PT Weda Bay Nickel (PT WBN) have resumed following authorization from Indonesian authorities, ending a four-month period of care and maintenance.

3 days ago
Companies premium

Local companies making bulk of 14,000 govt cars, not Pindad: Ministry official

A senior Industry Ministry official told a House commission meeting on Wednesday that aside from Pindad, other local manufacturers were producing the bulk of 14,000 vehicles ordered for government use.

3 days ago
Economy

India to push BRICS digital currency link

India is chairing BRICS this year, with leaders of the bloc set to meet in New Delhi on September 12 to 13. The Reserve Bank of India (RBI) proposed linking the countries' official digital currencies to facilitate cross-border trade, Reuters reported in January. 

3 days ago
Markets

Stocks tumble as oil and inflation fan rate hike bets

Asian stocks tumbled Friday as oil prices extended gains and bond yields held at multi-year highs as the Middle East crisis stoked supply concerns and a forecast-topping US inflation report ramped up rate hike bets.

3 days ago
Regulations premium

Unions, employers divided over key employment bill provisions

Labor groups are gearing up for nationwide protests, demanding stronger worker protections from changes to the minimum wage formula and tighter limits on contract work to a government-funded severance reserve.

3 days ago
Companies

IEE Series Engineering Week 2026 aims to drive Indonesia’s industrial transformation

The four-day series brings eight strategic industrial sectors under one roof, highlighting how collaboration, technology and sustainability can accelerate Indonesia’s industrial transformation

3 days ago
Economy premium

Consumer confidence up as spending recovers slowly

Indonesian consumer confidence strengthened in August, buoyed by a more positive public assessment of the job market and household spending plans, though retail spending is recovering only slowly.

3 days ago
Tech

OpenAI pushes for mandatory national AI safety rules

Several incidents in which AI models from developers including OpenAI accessed external systems during testing have highlighted the difficulty of containing unexpected behaviour in advanced agents, and prompted calls for tighter safety regulations.

4 days ago
Companies premium

Telkom ramps up data center expansion, seeks strategic partner

PT Telkom Indonesia is expanding its data center business through organic growth and strategic partnerships, including a potential sale of a majority stake in its data center subsidiary by the end of 2026.

4 days ago
Markets

China buys 1 million tons of US soybeans ahead of Xi visit, sources say

In late July, US President Donald Trump said Xi would visit Washington on September 24.

4 days ago
Companies

Student-led Water Guardian initiative takes long-term approach to sanitation

Jakarta Intercultural School (JIS) ninth grader Darren Ismaya Karmaina’s Water Guardian initiative is testing a community sanitation and water-reuse model in Kemayoran, Central Jakarta, with plans to evaluate its performance before considering further development.

4 days ago
Regulations premium

Govt earmarks Rp 11 trillion to open 200 million new personal bank accounts

Making good on an initiative the President first unveiled last March, the government has earmarked Rp 11 trillion to open 200 million individual bank accounts with an initial deposit of Rp 50,000 each to improve financial inclusion across the country.

4 days ago
Markets

Currency markets subdued as oil shock lifts global yields

Currency markets treaded water in cautious trading on Thursday as investors weighed a fresh surge in oil prices and global bond yields, while the yen's powerful rally also took a breather ahead of United States PPI and inflation readings.

4 days ago
Economy premium

Volcanic eruptions take toll on economy

Indonesian authorities currently categorize six volcanoes as alert level 3, which signifies an increase in volcanic activity whereby eruptions may occur, just one step shy of the final level that describes a high likelihood of an imminent, substantially more dangerous eruption.

4 days ago
Regulations premium

B50 rollout hits 'milestone' as govt eyes downstream expansion

Exactly two months since the B50 biodiesel program was launched, the energy ministry has hailed the operation of 104 fuel delivery points across the nation as an infrastructure milestone.

5 days ago

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