Latest News on Business, Economy, and Investment: Today&#039;s Updates

Shares tick higher as Fed hikes rates, dollar jumps

The US dollar hit a seven-week high against its major peers, underpinned by a jump in short-term Treasury yields as markets ramped up wagers that the Fed may have to lift rates again, with a move by December fully priced in. ...

7 hours ago

The Latest

US Federal Reserve Chair Kevin Warsh speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, on September 16, 2026.

US Fed raises rates to tackle 'too high' inflation, irking Trump

The Fed's Federal Open Market Committee voted unanimously to raise rates by 25 basis points to between 3.75 and 4.00 percent.

12 hours ago

A Whoosh train is seen on Oct. 2, 2023, after the inauguration of the Jakarta-Bandung high-speed railway at Padalarang Station in Padalarang, West Java.

Regulations premium

Whoosh takeover in limbo after Purbaya ousted as finance minister

The government’s plan to assume direct ownership of the Indonesian stake in the Jakarta-Bandung high-speed railway project is up in the air following the sudden removal of Purbaya Yudhi Sadewa as finance minister.

21 hours ago

Property developer LRT City Jaticempaka-Gateway Park project director Ibnu Mahmud Junaidi (left) and Adhi Commuter Properti marketing director Djoko Santoso are pictured at the LRT City project site in Bekasi, West Java, in this file photo. The project, built near a planned light rail transit station (LRT), adheres to the principles of a transit-oriented development, such as being a high-density mixed-use area and walkable.

Danantara to inject $25m to revive stalled LRT City projects

The LRT City projects, launched in 2016, have been hit by weak property sales, squeezing the cash flow of state-owned construction firm Adhi Karya, which manages the project.

1 day ago

Heavy equipment and trucks pass through a coal mining site in East Kalimantan in August 2016.

Bayan Resources declares force majeure amid delayed RKAB approval

The disclosure comes amid circulating rumors that tycoon Haji Isam will acquire a 62 percent majority stake in Bayan.

1 day ago

AirAsia airplanes are pictured on the tarmac at Kuala Lumpur International Airport in Sepang on Jan. 8, 2024.

Companies

Malaysia talks to Batik Air, Malaysia Airlines to absorb AirAsia domestic routes

AirAsia owes state-linked airport operator Malaysia Airports Holdings Berhad (MAHB) at least 500 million ringgit (US$123.6 million) for services including landing and parking fees.

1 day ago

Companies

RI shines on world stage: Sinarmas World Academy ranks among Top 5 IB Schools in the world

History has been made. Representing Indonesia on the world stage, Sinarmas World Academy (SWA) has broken into the top five International Baccalaureate (IB) schools in the world, according to the newly released 2026 results from IB-Schools.com*.

1 day ago

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

Asian markets make nervous start ahead of Fed decision

Stocks made tentative gains at the start of the Asian trading session on Wednesday as a rise in global bond yields and oil prices paused ahead of the Federal Reserve's policy decision due later in the day.

1 day ago

Coal is loaded onto barges at a jetty along the Kedang Kepala River in Senyiur village, East Kutai Regency, East Kalimantan.

El Niño chokes Indonesia’s coal exports as rivers run shallow

Citing data from the Shanghai Metals Market (SMM), Indonesia's coal exports totaled 36.10 million tonnes in August, down 23.34 percent year-on-year and 6.54 percent month-on-month, the lowest August level in five years.

1 day ago

Newly appointed Finance Minister Suahasil Nazara (left) shakes hands with outgoing finance minister Purbaya Yudhi Sadewa during a handover ceremony on Sept. 15 at the Finance Ministry in Jakarta.

Suahasil seen to prioritize fiscal discipline, continuity

The new finance minister is expected to favor predictable policy and tighter governance even as Prabowo pushes for growth.

1 day ago

A soldier sweeps the entrance to a Red and White Cooperatives facility on July 22, 2026, in Suka Damai village, Muaro Jambi regency, Jambi.

Agrinas chief lambasts delay in installing cooperatives managers

The head of the state-owned agribusiness has expressed frustration at the delay in installing managers at individual Red and White Cooperative units, describing it as “a form of structural sabotage”.

2 days ago

Outgoing Finance Minister Purbaya Yudhi Sadewa reacts as he talks to journalists after a handover ceremony at the Finance Ministry in Jakarta, September 15, 2026.

Purbaya says he was 'upset', but half expected removal

Known for his candor, Purbaya Yudhi Sadewa's tenure was marked by the fastest economic growth in three years, but also the widest budget deficit in over twenty years outside of the pandemic, and credit rating outlook downgrades by ratings agencies Fitch and Moody's.

2 days ago

Workers assemble truck parts at a factory in East Karawang, West Java, in this undated file photo.

Long-term sectoral growth patterns: What should we focus on?

The manufacturing sector’s contribution to GDP remains substantial, 19.1 percent in 2025, but its growth has lagged behind national growth, causing its share of GDP to decline over the past 15 years.

2 days ago

An electronic display board inside the main hall of the Indonesia Stock Exchange (IDX) in South Jakarta shows an overall downward movement across most stocks during the lunch break on Jan. 29, 2026, when the IDX Composite index fell 6.3 percent after global investment firm MSCI raised concerns about free float and trading transparency.

Markets premium

IDX launches short selling scheme after long delay

The Indonesia Stock Exchange (IDX) plans to issue the list of short-selling securities on Sept. 28, which is slated to take effect in October.

2 days ago

A smartphone menu displays the search results for artificial intelligence apps on July 15, 2026, in this illustration created in Saint-Mande, east of Paris, France.

Tech

Indonesia's second digital leap must be about capability

Indonesia's next digital leap, rather than helping democratize access, must lead toward democratizing capability: using AI to generate value.

2 days ago

Social aid recipients receive sacks of rice from the government's food reserves distribution program at Dumai Post Office in Riau on Oct. 29, 2024.

Regulations premium

Social aid exclusion errors spur call for bigger data registry budget

Statistics Indonesia (BPS) acknowledged a 23 percent error rate in its mathematical model for estimating household expenditure in the Single National Socioeconomic Data (DTSEN).

2 days ago

A 100,000 rupiah banknote is pictured next to a 100 United States dollar banknote at a currency exchange office in Jakarta on June 4, 2026.

Dollar near two-week high as oil surge lifts yields, Fed hike bets

The dollar inched up to trade near a two-week high on Tuesday as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will raise interest rates this week.

2 days ago

People watch carbon trading activity on a digital screen on Jan. 20, 2025, at the Indonesian stock exchange building in Jakarta.

Markets premium

Stricter caps, trusted supply key for RI to hit $40 carbon price

The Energy and Mineral Resources Ministry is targeting a carbon price of $40 per tonne, up sharply from the current level of $4-5 per tonne.

2 days ago

Indonesia's Deputy Finance Minister Suahasil Nazara attends a monthly media briefing on the state budget at the Finance Ministry in Jakarta on June 5, 2026.

Prabowo sacks Purbaya, turns to familiar hand at Finance Ministry

Suahasil Nazara, former deputy finance minister, pledged after his inauguration to maintain a “healthy and credible” state budget.

3 days ago

Pertamina Technology and Innovation Senior Vice President Oki Muraza fills a car with biofuel on July 24, 2024, at the Pertamina and Toyota Sorghum Bioethanol Prime Filling event held at the Indonesia Convention Exhibition in Tangerang City, Banten.

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.

3 days ago

Motorists wait to buy Pertalite gasoline at a gas station in Medan, North Sumatra, on July 16, 2026.

Makassar fuel queues trigger WFH, rotating purchase policy

Truck refueling has also been shifted to the evening to ease congestion at gas stations.

3 days ago

This combination of pictures created on September 12, 2026 shows (left to right) Open AI CEO Sam Altman in Washington, DC, on May 8, 2025, Anthropic CEO Dario Amodei in New York on December 3, 2025, and Elon Musk in Morristown, New Jersey, on March 22, 2025. Anthropic CEO Dario Amodei on September 12, 2026, called on artificial intelligence (AI) firms to slow down the development of the powerful technology, amid mounting worries over the risks of “superintelligent“ computer systems.

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.

3 days ago

This Planet Labs PBC satellite image shows damage to the East-West pipeline facility in the Hejaz Region, Saudi Arabia, on Sept. 11, 2026.

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.

3 days ago

A woman walks on Aug. 11 past the Wisma Danantara Indonesia building on Jl. Jend. Gatot Subroto in South Jakarta.

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.

3 days ago

Laundry is hung out to dry on March 13, 2018, at Rusunawa Marunda in North Jakarta, among the low-cost rental apartments with the highest number of tenants in rent arrears.

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.

4 days ago

Warming ties: India’s Prime Minister Narendra Modi shakes hands with Chinese President Xi Jinping on Saturday at Bharat Mandapam, the venue of the BRICS Summit in New Delhi.

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.

4 days ago

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.

4 days ago

Employees work on the production line at a factory of Chinese electric vehicle (EV) maker Nio in Hefei, Anhui province, China, on April 2, 2025.