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Jakarta Post
Economy premium

RI retains credit rating amid promising growth, but revenue concerns persist

Credit rating agencies warn that a downgrade could be on the horizon if the government struggles to sustain economic growth or allows the fiscal deficit to widen by prioritizing political commitments over prudent financial management.

9 hours ago
Companies premium

Pupuk Indonesia vows massive investment in fertilizer production

Rahmad Pribadi, president director of PT Pupuk Indonesia, said the state-owned fertilizer producer will invest Rp 116 trillion (US$7billion) to boost fertilizer production. ...

14 hours ago
Economy

Pro-Trump senator meets China’s economy tsar amid trade tensions

US Senator Steve Daines, a strong supporter of President Donald Trump, met with China’s economy tsar, Vice Premier He Lifeng, on Saturday, marking the first visit by a US politician to Beijing since Trump returned to the White House. ...

21 hours ago

The Latest

Economy

Germany's huge spending package passes final hurdle in upper house

Worth hundreds of billions of euros, the so-called spending "bazooka" has been pushed by the likely next chancellor Friedrich Merz, whose center-right CDU/CSU won elections last month and is now in coalition talks with the center-left Social Democrats (SPD).

1 day ago
Economy

US trade chief to speak with Chinese counterpart as tariff rift widens

Donald Trump's top trade chief, Jamieson Greer, plans to speak with his Chinese counterpart next week, the US president said on Friday amid an escalating tariff war.

1 day ago
Economy premium

Save or spend? Employees on how to make holiday bonus count

As Idul Fitri approaches, tens of millions of employees look forward to their annual holiday bonus (THR). To some, it’s a well-deserved reward to be used for instant gratification, but financial planners suggest keeping at least some for a rainy day.  

2 days ago
Economy premium

Free meals program gets Rp 171t budget this year: Sri Mulyani

According to the National Nutrition Agency (BGN), which runs the free nutritious meal program, the new injection is expected to cover the cost of the full-scale program, estimated at Rp 25 trillion per month, once it launches in September

2 days ago
Regulations premium

Prabowo wants all citizens to have bank accounts: Luhut

National Economic Council (DEN) chair Luhut Pandjaitan says that bank account ownership for every household in the country would play an important role in GovTech, paving the way for targeted social aid disbursement.

2 days ago
Regulations premium

Prabowo, Luhut vow to simplify bureaucracy

The President and the DEN head have both stressed the need to cut red tape for the benefit of businesses operating in the country as well as to lure new companies to set up shop.

2 days ago
Markets

Indonesian, other Asian stocks slide as growth, tariff worries weigh

Stocks in Jakarta and other Asian markets fell on Friday in a downbeat end to the week as deepening geopolitical worries and fears over US tariffs and their impact on the global economy curbed investors’ appetite for risk, keeping safe-haven gold near record highs.

2 days ago
Economy

Trump invokes emergency powers to boost US critical minerals production

US President Donald Trump on Thursday invoked emergency powers to boost domestic production of critical minerals used widely across the economy as part of a broad effort to offset China's near-total control of the sector.

2 days ago
Economy premium

Unions decry manufacturing layoffs

Indonesian factories have laid off almost as many workers in the first two months of this year as in all of 2024, a labor union says, but the government counters that newly created jobs make up for the ones lost.

3 days ago
Regulations premium

Jakarta office buildings go ‘green’ to stand out amid oversupply

Offices in Jakarta are shifting toward green practices as developers seek to leverage growing market demand for environmental compliance amid an excess supply of office space.

3 days ago
Regulations premium

Batang Industropolis now officially an SEZ, more to come, govt vows

Coordinating Economic Minister Airlangga Hartarto said developing SEZs had been a key strategy among Southeast Asian nations to attract investment and that Indonesia lagged behind with only 24 SEZs covering a total of 21,000 hectares.

3 days ago
Companies premium

ExxonMobil to drill last five of seven wells by year-end

The local subsidiary of US oil and gas giant ExxonMobil plans to finish drilling five wells in the Banyu Urip Field for a total of seven wells at East Java's Cepu Block, including two drills that went online last year.

3 days ago
Regulations

Fed in no rush to cut rates amid high uncertainty about Trump tariffs

With overall sentiment sliding due to policy "turmoil," prices are projected to rise faster than expected at least in part and perhaps largely because of President Donald Trump's plans to levy duties on imports from US trading partners. 

3 days ago
Economy premium

Reduced holiday travel seen to slash Idul Fitri boon for regions this year

A leading business groups predicts a 12.3 percent decline in money circulation compared to last year’s Islamic festive season as the Transportation Ministry expects fewer people to leave urban centers for their hometowns.

3 days ago
Markets

Slide in Chinese shares hampers Asian markets despite Fed optimism

Asia shares were hobbled by weakness in Chinese markets on Thursday and struggled to build on Wall Street's rally, even as investor sentiment was lifted by the prospect that the Federal Reserve could still deliver two rate cuts this year.

3 days ago
Markets premium

Weak rupiah to weigh on consumer, pharmaceutical firms this year

Analysts warn the currency could remain under pressure throughout 2025 and suggest investors turn to “defensive” stocks.

3 days ago
Regulations premium

BI keeps rate on hold, banks on portfolio inflows to buoy rupiah

A weak rupiah exchange rate limits Bank Indonesia’s scope for further monetary policy easing at this time, but the central bank is pinning its hopes on the appeal of Indonesian stocks and bonds to lift the currency’s worth.

4 days ago
Economy

Bank of Japan holds rates and warns of trade uncertainty

Officials began lifting borrowing costs last year after nearly two decades of ultra-loose monetary policies aimed at kickstarting torpid growth in the world's number four economy.

4 days ago
Tech premium

Govt bets on green hydrogen to cut emissions, create jobs

A road map for the production and use of hydrogen is expected to be published next month as the government is in the process of implementing its National Hydrogen Strategy.

4 days ago
Tech premium

BYD soars after 5-minute charging platform unveiled

The company said the battery and charging system, called "Super e-Platform", boasted peak speeds of 1,000 kW, allowing cars to travel up to 470 kilometres (292 miles) after being plugged in for just five minutes.

4 days ago
Regulations

OJK eases buyback policy after stock market dive

Indonesia's financial regulator said on Wednesday it would temporarily loosen share buyback rules following the worst market fall in more than a decade.

4 days ago
Economy premium

Job creation outpaces layoffs in manufacturing sector, minister says

Industry Ministry data show the total manufacturing workforce expanded from 17.43 million in 2020 to 19.96 million by the end of last year.

4 days ago
Markets

Asian stocks muted, yen calms as BOJ stands pat on rates

Asian stocks were subdued on Wednesday and gold hovered near record highs. Indonesian shares swung between gains and losses in choppy trading a day after the stock market clocked its sharpest fall in nearly three years, with Bank Indonesia set to decide on interest rates later on Wednesday.

4 days ago
Markets premium

Indonesia ups its gold game with Gresik smelter

Experts view PTFI’s gold refinery as a major step for the national gold industry, but whether Indonesia can become a major player in the global market remains uncertain.

4 days ago
Regulations premium

Trucking firms to strike over Idul Fitri operating restrictions

Aptrindo has announced that around 500 freight transportation companies in Greater Jakarta plans to hold a strike from March 20 to 21 to protest the government's policy restricting trucking operations over this year's 16-day collective leave for Idul Fitri.

5 days ago
Markets premium

Indonesia’s stock market plunges while others shine

Analysts suggest a downturn of the Indonesia Stock Exchange (IDX) Composite index, which gained momentum with a sudden plunge on Tuesday prompting a brief suspension of trade, is driven by a general sense of uncertainty rather than by fundamental weakness.

5 days ago
Markets premium

Coconut processing firms axe 3,500 workers amid raw material dearth

The government has agreed to impose a levy on coconut exports and derivatives, but has yet to decide whether to impose an export moratorium as proposed by the industry.

5 days ago

Today's ePost

Mon, March 24, 2025

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