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Jakarta Post
Regulations premium

Sugarcane farmers query House over sugar imports

Leaders of the Indonesian Sugarcane Farmers Association (APTRI) have complained at the House of Representatives that sugar imports would keep prices depressed and put strain on an industry struggling to gain a footing.  

4 hours from now
Markets premium

Stocks plunge as IDX lowers minimum price cap

Several other stocks were affected by the price floor change and hit the lower auto-rejection limit, including tech giant PT GoTo Gojek Tokopedia, property developer PT Lippo Karawaci and PT Repower Asia Indonesia, as well as rice producer PT Buyung Poetra Sembada.   ...

12 hours ago
Markets premium

Rupiah back near 18,000 on strong dollar, high oil price

At a hearing with the House of Representatives on Monday, BI Governor Destry Damayanti said the central bank had reduced its spot market foreign exchange interventions to 30 percent of total interventions because they were too costly. ...

10 hours ago

The Latest

Economy premium

Govt earmarks Rp 17 trillion for integrated livestock ecosystem

The Agriculture Ministry has earmarked around Rp 17 trillion to develop an integrated livestock industry across Indonesia, with five initial sites targeted for completion next year as the government seeks to strengthen domestic supplies of chicken, eggs and milk.

10 hours ago
Markets

Oil prices spike after Trump rejects Iran truce offer

Oil prices spiked with bond yields Monday as Donald Trump's rejection of an Iranian offer of a seven-day truce stoked inflation concerns, while stocks were mixed as traders look ahead to the release of key US data.

14 hours ago
Markets

Mideast oil exports rebound in September as Saudi Arabia boosts shipments

The rebound came following a recovery in exports via the Strait of Hormuz, which were set to hit about 7.4 million bpd this month.

17 hours ago
Regulations premium

Power exports to Singapore hinge on regulatory clarity

The Vanda Solar and Battery project in the Riau Islands is expected to be operational by 2029, but only if the Indonesian government issues its long-awaited electricity export regulation this year or by 2027, its developer has said.

1 day ago
Tech premium

BI to expand QRIS to Timor Leste, Hong Kong

From the launch of cross-border QRIS in 2022 through July 2026, users from partner countries made 21 million inbound transactions in Indonesia worth Rp 5.9 trillion ($329.3 million), BI data show.  

1 day ago
Economy

China, US agree to AI dialogue, tariff cuts on $30b in goods during Xi visit

The tariff reductions would apply to US exports such as agricultural goods, wood and cosmetics, as well as US imports including small appliances, toys and decorations.

1 day ago
Tech

TikTok reaches first state settlement over teen safety claims, agrees to user limits

TikTok will pay Alabama at least $100 million under the settlement, but the state's payout could grow to $300 million if 40 other attorneys general sign on to similar agreements with the company within a specified timeframe, according to the settlement.

2 days ago
Economy premium

Millions of informal sector workers ill-prepared for retirement

Many Indonesians are making do without old-age saving plans as they grapple with unstable incomes and employment.

2 days ago
Companies premium

Danantara, France's Thales to explore AI, defense investment cooperation

The cooperation aims to explore critical sectors such as defense and cyber technologies for long-term innovation and national resilience toward potential involvement of SOEs, as Danantara eyes AI infrastructure development.

3 days ago
Regulations premium

Agrinas asserts co-op managers SOE employees, refuting Danantara claim

Following last week's criticism of the government's delay in installing managers at Red and White Cooperatives, the Agrinas chief has asserted that co-op managers are employed at the state-owned agriculture firm.

3 days ago
Companies

US airlines oppose China's bid to add more flights

The head of industry group Airlines for America said on Thursday that US carriers oppose adding more direct flights from China to the United States even as Chinese President Xi Jinping raised the idea.

3 days ago
Regulations premium

Free meals marketplace raises supply chain concerns

A planned marketplace for the free nutritious meal program could end up centralizing the program’s supply chain without addressing underlying procurement and governance problems, economists have warned.

4 days ago
Economy premium

Severance, minimum wage remain sticking points in labor bill talks

The Confederation of All Indonesian Trade Unions (KSBSI) called for labor rules that balance business sustainability with worker protection while adapting to changes in the workforce.

4 days ago
Companies premium

House approves KAI plan to import used Japanese trains as local production lags

Lawmakers have green-lit a plan to import used trains from Japan, which has a compatible railway system, as KAI projects the shortfall in trains to peak at 45 in 2029 amid growing demand from Commuter Line passengers.

4 days ago
Economy premium

Indonesia races to seal EU trade deal as tariff incentive expires

The EU has confirmed that Indonesia will leave the GSP from Jan. 1, 2027, after being classified as an upper-middle-income country for three consecutive years.

4 days ago
Economy premium

New US tariffs on Russian oil no issue for Indonesia, Airlangga says

According to the coordinating economy minister, Indonesia's Russian crude deal in April will not be subject to the new tariff, as it was agreed during a window when it was allowed.

4 days ago
Tech

Rhemedi gets OpenAI’s Select Partner status

Artificial Intelligence is a tool to help people understand health more deeply, recognize risks earlier, and take more appropriate action, while clinical responsibility remains with physicians and healthcare professionals.

4 days ago
Economy

OECD lifts 2026 global growth forecast to 2.9% despite Mideast war

Economic growth has remained "resilient" in many countries despite the war in the Middle East, the OECD said Wednesday as it slightly raised its GDP forecasts for the year.

4 days ago
Companies premium

SOE lending push raises concentration risks for state banks: S&P

S&P Global Ratings has cautioned about earnings and concentration risks at state lenders amid rising exposure to state-owned enterprises (SOEs) and the government’s economic programs, which has expanded their loan growth at twice the industry rate.  

5 days ago
Economy premium

BI keeps interest rate unchanged despite external pressure

Bank Indonesia (BI) has kept its benchmark interest rate unchanged despite high global energy prices and a recent hike by the United States Federal Reserve (Fed), while relying on hedging to protect the rupiah.

5 days ago
Economy premium

Gas supply drops to 78% in September, industry says

The restrictions have disrupted production with some business players reducing smelting activity, shutting production lines and furloughing workers. 

5 days ago
Markets

Dollar at 2-month highs as markets weigh rate hikes, Iran diplomacy

The dollar rose to its strongest level in two months on Wednesday on prospects of interest rate hikes in the near term, although easing oil prices could alter the global inflation and monetary policy outlook.

5 days ago
Companies premium

Govt grants Bayan additional coal quota after Haji Isam buys stake

Prior to Haji Isam’s stake acquisition, Bayan Resources notified customers of a force majeure situation on Sept. 11 after approval for its revised coal production quota had not been issued.

5 days ago
Tech

US warns Australia's social media algorithm reforms risk 'facilitating censorship'

Australian Prime Minister Anthony Albanese said the proposed measure was not intended to grant governments greater authority, but rather to restore individuals' control over their content choices.

5 days ago
Regulations premium

Japanese automakers raise concern over local content rules

Southeast Asia’s largest economy will raise its local content requirement, also locally known as TKDN, for locally produced battery electric four- and two-wheelers to 60 percent from 40 percent on Jan. 1, 2027, before raising it to 80 percent in 2030 under Industry Ministry Regulation No. 6/2022.

6 days ago
Companies premium

Singapore’s BDx launches 640MW data center project in West Java

The initial facility, which has a capacity of 120 MW, has secured 845 MVA from the PLN grid and is expected to begin operating early next year.

6 days ago
Economy premium

EV two-wheeler sales slump as incentive hangs in limbo, industry warns

Electric motorcycles sales have fallen sharply from 70,000 units last year to only 18,900 until August this year, according to the Indonesian Electric Motorcycle Industry Association (Aismoli).  

6 days ago

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