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Jakarta Post
Companies premium

AKR buys out BP’s retail business in Indonesia

AKR Corporindo has agreed to acquire the British energy giant's 49.9 percent stake in their fuel retail joint venture for $14.22 million.

1 hour ago
Economy premium

Consumer confidence up in October despite cautious spending

Indonesia’s consumer confidence rose in October, driven by growing optimism about current and future economic conditions, while retail sales are also expected to edge up year-on-year despite shoppers holding back. ...

1 hour ago
Regulations premium

Indonesia nears OECD accession as progress reaches 80%

Indonesia’s bid to join the Organisation for Economic Co-operation and Development (OECD) is approaching completion as the country seeks to become one of the quickest in acceding. ...

2 hours ago

The Latest

Tech

France claims Iran behind 'unprecedented' cyberattacks on fridges

France on Monday said Iran's Revolutionary Guards were behind cyberattacks on supermarket fridges in the country last month, vowing sanctions on a European level against Tehran over the first such large-scale cyber-sabotage on French territory.

5 hours ago
Economy

China's trade surplus soars past $1 trillion as AI boom powers exports

China's trade surplus surged past US$1 trillion in the first 10 months as a global race to build AI infrastructure buoyed sales of high-tech products and helped offset weak domestic demand, even as imports to the world's second-largest economy grow at a faster pace that its exports

6 hours ago
Regulations premium

Indonesia's nuclear plans face reality check after Thorcon exit

Despite the country's oft-touted nuclear ambitions for energy security, progress has been slow among both domestic and foreign investors in terms of uptake as the years remaining until a 2032 online target tick away.

9 hours ago
Economy premium

Gas supply gaps to widen sharply amid sluggish exploration

Indonesia's recent decision to trim pipeline gas exports to Singapore is too marginal to ease supply gaps facing industrial plants in Java, with export capacity set to keep shrinking as demand outpaces production. Localized shortages are projected to widen sharply through 2028.

10 hours ago
Markets premium

IDX’s mass delisting raises investor protection concerns

The Indonesia Stock Exchange (IDX) will execute a forced delisting of 18 issuers in a sweeping enforcement action to improve market quality, but the move raises concerns about retail investors facing valuation and liquidity risks.

19 hours ago
Tech premium

Indonesian banks pummeled in sudden cyberattack wave

Indonesian banks have been pummeled in a wave of cyberattacks in recent days, with more than 1 million attempts over the past 24 hours, prompting regulators to take action in a bid to prevent breaches.

20 hours ago
Companies premium

KAI plans $120 million railway network in Bali

The two-phase project will connect Ngurah Rai International Airport with Legian and Canggu as the government seeks to ease congestion in one of Indonesia’s busiest tourism corridors.  

1 day ago
Economy premium

True cost of subsidized fuel double retail price, Bahlil says

The true cost of subsidized Pertalite was now twice its retail price, Bahlil told an unrelated event on Sunday, highlighting the government's part in covering the gap to avoid burdening consumers as global crude prices surged.

1 day ago
Companies

Nvidia probes whether CEO Huang was target of foreign spying as he admits affair

Nvidia said on Sunday its board was probing whether CEO Jensen Huang had been the target of a foreign intelligence effort, after a media report alleged he had a close relationship with a Chinese businesswoman who passed information to Beijing.

1 day ago
Economy premium

Trump’s midterm humbling offers little relief for Southeast Asian exporters

The Democrats’ flipping of Congress could increase pressure on the White House, but Trump retains broad authority over trade and foreign policy, leaving Indonesia and other exporters exposed to protectionist US import tariffs.  

1 day ago
Regulations premium

Indonesia’s export body to only vet paperwork, not handle deals

Danantara Sumber Daya Indonesia’s (DSI) role as the sole intermediary, which begins next year, is narrower than the one outlined by President Prabowo Subianto on May 20, when he said the export body would oversee everything from contract negotiations to product shipments.

2 days ago
Economy premium

Indonesia lands $385m in AI, industrial investment deals in UK

Finance Minister Suahasil Nazara emphasized the need to grow investment by 7 percent to help reach the country’s gross domestic product target. 

2 days ago
Companies

Airlines bet that more premium offerings will boost profits

Airlines are installing deluxe seats, enlisting Michelin-star chefs for luxury menu offerings and designing elite airport lounges as the industry bets its future on growing demand for premium travel.

2 days ago
Economy

US urges China to meet rare earths commitments ahead of Trump-Xi meetings

Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer urged Chinese Vice Premier He Lifeng in a call to implement terms of the pact agreed in Busan, South Korea, in October 2025.

3 days ago
Markets

Tech stocks stage partial rebound while dollar gains after US jobs data

Tech shares rose Friday, recovering a fraction of losses from the prior session's rout as the dollar rallied after better than expected US jobs data.

3 days ago
Tech premium

RI’s digital banks outperform peers in profitability, but lending risks remain

The latest e-Conomy SEA 2026 report published by Google, Temasek and Bain & Company in October highlights Indonesia as “the largest digital field of digital banks”, with a total of 17 entities operating since 2021.    

3 days ago
Economy premium

Jobless rate up as informal work still dominates

The official unemployment figure has increased this year and the amount of workers informally employed has been sustained at about the same level, which reflects a trend that Indonesia should reverse soon to avoid getting caught in the middle income trap.

3 days ago
Economy premium

China imports crimp local plastic industry, business group warns

Industry Minister Muhammad Sarmuji said the government was examining the factors behind the slowdown and exploring possible solutions.

4 days ago
Markets

Stocks tumble as AI panic sweeps markets, bonds draw haven demand

A steep rout in technology stocks on Friday rippled through markets on fears that the Democrats' victory in the United States midterm elections would increase regulatory scrutiny of AI and slow the data centre build-out, sending investors to the safety of bonds.

4 days ago
Economy premium

Bad loans in P2P lending breaches OJK’s 5% cap

Annual growth in outstanding loan at peer-to-peer lending firms also slowed to 17.02 percent in September from 22.07 percent in August.  

4 days ago
Regulations premium

Government targets two-month deadline for integrated data rules

A month since the SDI was passed on Oct. 6, the clock is ticking as it counts down to the government's two-month deadline to produce implementing regulations on integrating data from across multiple institutions.

4 days ago
Markets

Investors wipe $2.5 trillion off Nasdaq as Democrats win prompts AI fears

The Nasdaq Composite fell 5.5 percent on investor fears that the Democratic Party's sweeping midterm victory could stall AI infrastructure expansion and force a reckoning for smaller firms whose capacity to raise funds has already been limited by higher interest rates and tighter financial conditions.

4 days ago
Markets

Asia stocks crumble after AI rout rocks US markets

Asia's tech-heavy markets sank on Friday as fear of increased regulatory scrutiny and a slowdown in AI build-out unleashed the steepest fall in US stocks since the tariff-triggered "Liberation Day" rout a year and a half ago.

4 days ago
Economy premium

RI posts strong GDP growth on better trade balance

An improved trade balance has helped Indonesia achieve strong gross domestic product growth in the third quarter, even as consumer spending and business investment slowed down from the preceding three months.

4 days ago
Economy

Indonesia economy picks up pace in third quarter

Household expenditure, the largest contributor to the growth, climbed five percent on-year, while investment jumped 6.1 percent.

5 days ago
Regulations premium

Indonesia to bypass ‘neighbor’ middlemen in natural resource exports

A senior minister highlighted the significant price gap between what Indonesia receives for selling commodities to neighboring countries and the prices at which they are eventually traded in their destination markets.  

5 days ago
Economy

Democrats gain influence over trade agenda but impact may be limited

Democrats' resounding sweep to a majority in Congress gives them a big microphone and spotlight to scrutinize President Donald Trump's trade policies, but largely leaves them unable to override his veto on any vote to overturn his tariffs or rescind trade authorities, trade and legal experts said on Wednesday.

5 days ago

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