TheJakartaPost

Middle East crude premiums surge, Asian refiners seeking alternatives

Red Sea attacks, slow Hormuz transit and crude oil loading suspension tighten supply, push up prices. ...

9 hours ago

Tech premium

Constitutional Court rules unused internet quota must remain active, usable

The binding ruling now requires that tariff determinations include an obligation to offer services where unused data is preserved without additional fees under the pretext of extending validity periods. ...

10 hours ago

The Latest

Coordinating Economic Minister Airlangga Hartarto addresses a press briefing at the State Palace in Central Jakarta on April 28, 2025, after a meeting with President Prabowo Subianto on ongoing tariff negotiations with the United States.

China, Australia to get special treatment in export earnings policy

The senior economy minister has divulged that Australia, Canada and China would join the US in receiving special treatment under the latest version of the DHE SDA policy, with the government set to discuss further details until announcing the final arrangement.

13 hours ago

A worker shows hand-rolled ‘kretek’ (clove cigarettes) on Jan. 4, 2024, at a cigarette factory in Kudus, Central Java.

Tobacco industry opposes new sweeping controls, belated clarity

The tobacco industry is up in arms over a new set of rules that could cover everything from packaging and tar and nicotine content to additives, not least because of a lack of clarity from the government for the past two years until its issuance deadline on Sunday.

14 hours ago

The 'Al-Yarmouk' oil tanker sails in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026.

Oil settles over $100 as Houthi attacks intensify Middle East supply risks

Goldman Sachs said Brent might exceed $120 a barrel in the fourth quarter and average $100 next year if the strait remains disrupted through 2027.

15 hours ago

US President Donald Trump reacts during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on May 27, 2026.

Economy

US unveils new tariffs on 60 partners as Trump rebuilds trade agenda

The levies, effective Friday, range from 10 percent to 12.5 percent and impact major economies like China, India and the European Union.

17 hours ago

An oil storage facility is pictured in Tanjung Sekong, Banten, on March 23, 2016.

No serious investors yet for 90-day oil reserve plan, govt says

As building a strategic oil reserve primarily involves purchasing and storing oil that generates little to no profit, experts said the government must provide stronger incentives and assurances to attract private investors.

1 day ago

Tech

Google hit with $1b fine by EU, in talks to avoid more penalties

Europe's crackdown on Big Tech has angered US President Donald Trump's administration, which has threatened to retaliate with tariffs.

1 day ago

Companies

Telkom Group strengthens Indonesia’s digital sovereignty via Nongsa-Changi Cable

The submarine cable system reinforces Batam’s position as a digital hub, connecting Indonesia and Singapore to global markets.

1 day ago

LiuGong Machinery Indonesia's Final Technical Skills Competition 2024 proceeds on Oct. 17-18, 2024, at the company's Customer Experience Center in collaboration with Jakarta State Polytechnic (PNJ).

Companies premium

Chinese firm breaks ground on $317m electric excavator plant

The plant, located in the Karawang Artha Industrial Hill (KAIH) industrial estate, is scheduled to begin operations in the first half of 2027.

1 day ago

A buyer pays his bill using Quick Response Indonesia Standard (QRIS) code at a street foodstall on Jl. Ampera Raya in South Jakarta on Feb. 6, 2021.

Credit growth accelerates further to 12.67% in June

Bank Indonesia projects that loan growth in 2026 will be maintained within the range of 8-12 percent.

1 day ago

Workers load and unload containers at the Tanjung Priok International Export-Import Port in Jakarta on Feb. 4, 2026.

Indonesia braces for new trade measures as US temporary tariff expires

Indonesia is among 14 economies facing a proposed 10 percent tariff linked to a US investigation into alleged forced-labor concerns.

1 day ago

Vessels anchored at the Strait of Hormuz, as seen from Musandam, Oman, on May 25, 2026.

Oil rises to six-week highs amid escalating Iran war

Brent crude futures rose 2 percent to US$96 per barrel in early trading after the US launched a new round of strikes on Iran and Yemen's Houthis targeted oil tankers in the Red Sea.

1 day ago

US President Donald Trump shakes hands with Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Mohammed bin Salman at the US-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, DC on Nov. 19, 2025.

Economy

US announces nuclear deal with Saudi Arabia

The move comes as the United States under President Donald Trump fights a war with Iran that began in large part over concerns with Tehran's nuclear program, an issue that remains a key point of contention during now-stalled peace talks.

1 day ago

Flexibility, bargaining power in focus as RI treats gig workers as micro businesses

MSME Minister Maman Abdurrahman said that classifying online ride-hailing drivers as micro and small businesses would expand their access to government support programs.

1 day ago

Household gigs: Employees of the on-demand home-services platform Snabbit make beds on June 22 at the company's training center in Bengaluru, India.

Economy

India's domestic workers go online as instant services boom

Households in India have long relied on an informal army of domestic workers to mop floors, wash dishes and cook meals. A growing crop of tech start-ups is now attempting to bring structure to the unregulated sector.

2 days ago

Bank Indonesia Governor Perry Warjiyo (second right), Coordinating Minister for Economic Affairs Airlangga Hartarto (right), Finance Minister Purbaya Yudhi Sadewa (second left) and Financial Services Authority (OJK) chief Friderica Widyasarin deliver a press statement after a meeting with President Prabowo Subianto on May 5 at the Merdeka Palace in Jakarta.

BI holds rate but banks on other way to help rupiah

Bank Indonesia (BI) has kept the benchmark interest rate unchanged in its latest monetary policy meeting as it resorts to an alternative strategy to buttress the rupiah by incentivizing capital inflows.

2 days ago

Public Housing and Settlements Minister Maruarar Sirait (center) speaks to reporters on Jan. 21, 2026, after a meeting at the Corruption Eradication Commission (KPK) headquarters in Jakarta. The meeting discussed plans to use land in the Meikarta area for the construction of subsidized housing.

Companies premium

Minister to hold SOE accountable as LRT City progress stalls

Consumers at LRT City Bekasi Timur Green Avenue may face a wait until 2038, while the handover for LRT City Tebet is not projected until 2033.

2 days ago

Workers are pictured at a textile factory in Bandung, West Java, on Oct. 29, 2025.

South Korean garment maker to shut local factory after years of losses

The company is expected to continue operating its other business unit in Semarang, Central Java.

2 days ago

Finance Minister Purbaya Yudhi Sadewa speaks to someone off camera on Oct. 24, 2025, as he prepares to deliver his weekly press briefing at the Finance Ministry in Central Jakarta.

Purbaya doubles down on selective additional transfers amid regional shortfalls

The finance minister is taking the precaution to verify local administrations' claims about a funding squeeze as regional transfers fell 11.2 percent yoy to Rp 357.4 trillion (US$20 billion) as of end June.

2 days ago

Pedestrians walk past an electronic quotation board displaying the Nikkei Stock Average on the Tokyo Stock Exchange in Tokyo on July 22, 2026.

Tech lifts Asia stocks, Brent crude back above $92

Enthusiasm for tech shares boosted Asian stocks for a second day Wednesday, as more mayhem in the Middle East lifted Brent crude back above US$92 a barrel and the yen came under renewed pressure.

2 days ago

A message reading “AI artificial intelligence,“ a keyboard and robot hands are seen in this illustration created on Jan. 27, 2025.

Tech

AI models went rogue during testing, triggering 'unprecedented' breach: OpenAI

OpenAI said on Tuesday that an autonomous agent powered by its advanced AI models went rogue during a security test and triggered a hack that compromised the infrastructure of AI start-up Hugging Face last week.

2 days ago

The sun glints off water surrounding the Cirata Floating Photovoltaic Plant on Sept. 26, 2023, on the Citarum River in Purwakarta regency, West Java.

National solar push lags far behind target

Coal dependency, lack of basic infrastructure and a funding shortfall are just a few of the hurdles standing in the way of Indonesia's solar expansion goals.

2 days ago

The Gelora Bung Karno stadium is seen next to Jakarta's Sudirman Central Business District (SCBD) on Aug.18, 2018.

Rushed passage of Indonesia's PFII law sacrifices transparency

Analysts say that Indonesia International Financial Center (PFII) law's fast-tracked deliberation without much public discussion could jeopardize the goal of attracting global funds as investors require legal certainty and clear regulations.

3 days ago

Prepaid SIM cards now can still be registered through text message, internet or nearby cellular operator outlet.

Tech premium

Biometric SIM registration hit 9.3 million as govt cracks down on misuse

The Communications and Digital Ministry has uncovered fraudulent practices by some SIM card retailers aimed at bypassing the procedure.

3 days ago

A man walks out of the Tokyo Stock Exchange building in Tokyo on April 6, 2026.

Japan bond jitters overshadow Takaichi's first economic policy roadmap

As government bond yields crept up to multi-decade highs since June, the administration was forced to tweak the blueprint's language on monetary policy several times.

3 days ago

The Wisma Danantara Indonesia building, which houses state asset fund Danantara, is pictured on Jl. Jenderal Sudirman in Jakarta on July 8, 2025.

Companies premium

Danantara will have shut down 250 SOEs by end of July: Prabowo

In a plenary cabinet meeting at the State Palace on Monday, the President hailed Danantara’s progress in reducing the number of state-owned firms over the past 18 months.

3 days ago

Skyscrapers are seen from the observation deck of the National Monument (Monas), a 132-meter landmark commemorating Indonesia's independence, in Jakarta on June 7, 2026.

Regulations

Indonesia passes bill to set up international financial center

Finance Minister Purbaya Yudhi Sadewa said the financial center, known as PFII, is expected to draw foreign investment and help accelerate the country's growth.

3 days ago

Investment and Downstream Minister Rosan Roeslani, who is also CEO of state asset fund Danantara, addresses a press conference on Dec. 17, 2025, at the Presidential Palace Complex in Central Jakarta.