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President Prabowo Subianto has nominated interim Bank Indonesia governor Destry Damayanti as the sole candidate for the central bank’s vacant governor seat.
5 hours agoContinued layoffs and a shift of work to the informal sector raises questions about the quality of jobs being created as official data shows that the unemployment rate edged down in May. ...
8 hours agoThe figure marks a sharp increase over the 2025 data-matching exercise, which identified approximately 600,000 beneficiary families with transactions linked to online gambling. ...
9 hours agoBlue-chip technology leaders join forces to build one of Southeast Asia's largest AI infrastructure platforms, targeting 1 gigawatt of NVIDIA DSX AI factory capacity.
11 hours agoThe US dollar hovered near a two-month low against major currencies on Monday as investors awaited this week's inflation data for clues on the Federal Reserve's rate path.
12 hours agoAgentic trading is a technology for investing through an artificial intelligence assistant that can analyze, research and execute buy/sell actions in an active account, where every transaction requires final user confirmation.
14 hours agoAnonymous sources said last week Prabowo had his eyes on Destry to win the race and her nomination would be made formal, according to reports from Bloomberg and Reuters.
1 day agoDuring a meeting with the President on Aug. 6, the research agency presented its work in various fields to support the administration's development agenda, including a nuclear power ecosystem, AI technology including chip-making and potable water facilities.
1 day agoThe "aggressive" deadline of three years would likely backfire, pushing Indonesia into heavy reliance on imported solar components.
1 day agoThe White House needs critical minerals to replenish weapons stockpiles depleted during the Iran conflict and reduce US dependence on Chinese supply chains.
2 days agoEconomists say the country's poverty line no longer reflects actual living costs and are urging the government to revise it as soon as possible.
3 days agoJBS has agreed to form a joint venture with PT Danantara (DIM), an arm of Indonesia's sovereign wealth fund, to pursue investments in protein production across Indonesia, Southeastern Asia, Australia and New Zealand, it said on Friday.
3 days agoAs Indonesia enters a new chapter in biodiversity financing, experts caution against repeating the errors of the carbon market.
3 days agoThe dollar drifted higher against the yen and euro on Friday, building on the previous day's gains as doubts about an Iran peace deal buffed the US currency's appeal as a haven.
3 days agoThe World Bank announced on Thursday that it was providing US$750 million in financial guarantees to Indonesia's largest state-owned commercial bank, with the funds to be channeled into the government's low-interest loan program for small businesses.
3 days agoElectric vehicle adoption is accelerating and overall car sales have begun to recover in the first half of the year.
3 days agoFor babies, complementary feeding is not simply a transition from milk to solid food... Mothers are not only feeding their children, they are also helping build curiosity, confidence and lifelong habits.
4 days agoRising spending among the wealthy while middle-class consumption loses steam suggests overall purchasing power is failing to keep pace with GDP growth.
4 days agoPLN also pushed pumped-storage hydropower projects designed to function like giant water batteries, pumping water to an upper reservoir during periods of low demand and releasing it to generate electricity during peak hours.
4 days agoIndonesian President Prabowo Subianto will move quickly to appoint a new central bank governor and interim head Destry Damayanti is the frontrunner for the role, a source with direct knowledge of the matter told Reuters.
4 days agoIn this year’s first half alone, the Indonesian SOE consortium that operates the Whoosh high-speed railway incurred a loss of Rp 5.1 trillion ($282.5 million), widening from Rp 4.9 trillion logged in the entirety of last year.
4 days agoThe World Bank Group (WBG) has appointed Indonesia’s former finance minister Sri Mulyani Indrawati as a co-chair tasked with addressing extreme poverty in low-income countries.
4 days agoIndonesia is expanding infrastructure, strengthening industrial capacity and accelerating digital adoption while pursuing growth that is more resilient, inclusive and sustainable. In an increasingly uncertain world, where supply chains shift rapidly and capital responds instantly to global events, the role of an international bank has evolved. It is no longer merely a facilitator of cross-border transactions, but a strategic partner that helps businesses and institutions navigate complexity with confidence.
5 days agoIn an attempt to urge the Japanese auto giant to set up its regional hub in Indonesia, the finance minister has indicated the government’s readiness to offer a slew of incentives across related sectors, from steel to financial services.
5 days agoApindo noted that every unresolved business obstacle weakens the multiplier effect needed to attract investment, expand production and create employment.
5 days agoAI coding agents allow finance teams to build solutions without needing an engineering background, as they only need to define the logic and desired outputs, while the AI writes the code, tests it and connects it to relevant data sources.
5 days agoIndonesia’s gross domestic product growth has decelerated in the second quarter, making the government’s target for the full year – a milestone toward reaching President Prabowo Subianto’s goal of 8 percent growth in his tenure – a tall order.
5 days agoAirfares are unlikely to fall significantly despite lower aviation fuel prices this month as airlines continue to grapple with high operating costs and fuel surcharges well above pre-pandemic levels.
5 days agoAsian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and bond yields.
5 days agoRising interest rates are driving up funding costs and squeezing net interest margins (NIM) of banks, with analysts saying lenders will need to step up operational efficiency to sustain profitability.
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