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Jakarta Post
Economy

El Niño-powered drought leaves West Kalimantan palm farmers high and dry as river recedes

For several weeks, local palm oil mills have cut their fresh fruit bunch purchases because storage tanks are filled with processed oil they cannot ship out as a prolonged drought driven by "super El Niño" conditions has dried out the area's main transportation artery, the Kapuas River.

1 hour ago
Markets

Indonesian stocks slide to six-year low as MSCI 'standalone' warning weighs

Jakarta's benchmark stocks fell over 5 percent in early trading on Monday after plunging 11.6 percent on Friday, as the world's worst performers reeled from index provider MSCI saying it was considering shifting Indonesia to "standalone" status from its current "emerging markets" mantle. ...

5 hours ago
Economy premium

Danantara’s transparency, mandate remain in question two years into Prabowo’s rule

Danantara claimed that it has submitted consolidated financial statements for 2025 to the Supreme Audit Agency (BPK) in July but had yet to publish them, despite pledging to do so this month ...

9 hours ago

The Latest

Markets premium

‘Panic’ blamed for record foreign outflows from stock market

Analysts say Friday’s stock market rout was driven by panic-selling following MSCI’s consideration to reclassify Indonesian equities in its global indexes, pushing cumulative foreign outflows for the year to a historical high of Rp 88.19 trillion.  

19 hours ago
Markets

ACT! Project shows Indonesia ready to consume sustainable products

Indonesia’s commodity supply chains, which serve both domestic and global markets, are ready to adopt sustainable practices, and industry players are being encouraged to recognize their importance.

22 hours ago
Economy premium

Bahlil vows to replenish subsidized fuel supply within week

The coordinating downstream minister says the government is aiming to restore the supply of subsidized Pertalite fuel so it would cover 20 days of demand, up from 16-18 days at present, which he noted was "still adequate".

1 day ago
Economy

Leaders weigh 'huge benefit', risks of AI for global economy

The artificial intelligence boom has been a key driver of global growth, but also poses economic risks should investment in the technology falter, experts and policymakers said this week at the IMF-World Bank Annual Meetings in Bangkok.

1 day ago
Companies

Chinese online retailer Temu agrees to data privacy curbs in Texas lawsuit

The company agreed to conduct annual independent product safety testing to identify products containing dangerous chemicals and materials.

2 days ago
Tech premium

Southeast Asia sees 25% of retail spending happen online

E-commerce market in the region is projected to continue growing and reach over $400 billion by 2031.   

2 days ago
Economy premium

Indonesia missing out on sports tourism boom as Mandalika extension in limbo

Indonesia is currently capturing only Rp 39.5 trillion, or 0.4 percent, of the estimated Rp 9.5 quadrillion in global sports tourism potential.

2 days ago
Economy

Indonesian exporters reach global markets at TEI 2026

The initiative is part of Indonesia Eximbank’s broader effort to support capacity building and market access for national businesses, particularly through the promotion of high-quality Indonesian products with export potential.

2 days ago
Companies premium

Agrinas Palma, Pakistani firm explore 200,000-ha palm oil project

The proposed 2026-2030 partnership with Fauji Foundation would cover plantations, processing facilities and logistics infrastructure, with Riau and West and Central Kalimantan among the potential development sites.

3 days ago
Economy premium

Job creation weakening despite industrial growth, Industry Minister says

The Industry Ministry has pointed to a potentially diverging trend between industrial growth and job creation as expansion leans heavily toward the technology sector.

3 days ago
Markets premium

IDX plummets 11% after stock market warning

MSCI’s latest proposal to reclassify Indonesia as “standalone market” is a fresh blow for the Indonesia Stock Exchange (IDX), which has observed its benchmark index moving downward since the global index provider first issued its transparency concerns in January.

3 days ago
Markets

MSCI weighs downgrading Indonesia to standalone-market status

MSCI said investors ​had raised concerns about opaque ownership structures, concentrated shareholdings and suspected ​coordinated trading, which it said undermined the market's investability.

3 days ago
Companies premium

Solar panel industry urged to pivot as US market turns unviable

The US has imposed the combined final dumping margin of 94.36 percent and countervailing subsidy rate of more than 73.20 percent for Indonesian producers.

3 days ago
Markets

Tech sell-off deepens as US inflation sparks AI jitters

Asian stocks plunged Thursday as technology firms suffered another rout after forecast-topping US inflation data fueled expectations the Federal Reserve would further increase interest rates.

3 days ago
Companies premium

Herbal cosmetics pioneer Martha Tilaar dies at 89

Born on Sept. 4, 1937, Martha Tilaar established her beauty business in 1970 by opening a salon at her parents’ home on Jl. Kusuma Atmaja in Menteng, Central Jakarta.

4 days ago
Economy premium

Government taps MSME exports amid push into nontraditional markets

Speaking at TEI 2026, the trade minister unveiled an integrated plan for MSMEs to become the backbone of Indonesian exports as the country sought to expand into nontraditional markets across the globe.

4 days ago
Companies premium

PLN appoints Suroso Isnandar to replace Darmawan Prasodjo as new chief

The state electricity firm has replaced its president director in an extraordinary general meeting that was convened just two days after a major power outage hit Batam, the Riau Islands, prompting a public apology from Danantara.

4 days ago
Economy

US consumer inflation hotter than expected as midterms loom

The higher-than-expected inflation reading has raised the odds of a second straight interest rate hike at the US central bank's Oct. 27-28 policy meeting, although many expect the Federal Reserve to proceed cautiously.

4 days ago
Regulations premium

IDX tightens IPO rules despite muted market activity

The Indonesia Stock Exchange (IDX) has raised the bar for companies to go public despite sluggish listing activity so far this year, as it prioritizes investor protection.  

4 days ago
Economy

On the cusp of change: creating waves in climate investment

Nadia Chiarina details her career journey, driven by her passion for lifelong learning and her courage to pursue new things, culminating in her discovery of her true calling. She is now leading an important work in investing and embedding climate considerations on an international level

4 days ago
Markets

Hedge funds are a top draw in Asia as investors look beyond bonds

Private bankers and asset allocators told Reuters that Asian investors are increasingly seeking asset diversification compared to their usual allocations to equities and bonds.

4 days ago
Tech premium

Government turns to AI to track wealthy taxpayers and their assets

The Tax Office is developing an AI-assisted dashboard to track the assets of wealthy individuals and detect potential discrepancies in real-time, with taxpayer data protection a top priority.

5 days ago
Companies

Meeting corporate green power demand can support Indonesia’s industrial competitiveness

A collaborative study finds companies prefer straightforward and affordable green power options. RECs remain the most widely used, while interest in on-site generation and off-site supply grows over the next five to 10 years.

5 days ago
Regulations premium

Data center project should not be halted amid policy rift: Ministry

The Industry Ministry has pushed back against the suspension of a major data center site in West Java, warning that conflicting, misaligned policies between the central government and regional administrations could undermine business confidence and disrupt investment.  

5 days ago
Economy

Advanced economies must 'act now' to lower debt as bond yields spike: IMF

The International Monetary Fund on Wednesday called for advanced economies to "act now" to address ballooning debt, with spiking bond yields at multi-decade highs and pressure growing on central banks to hike interest rates.

5 days ago
Markets

Asia shares edge up as chip selloff eases; US CPI awaited

Asian shares inched higher on Wednesday as those related to artificial intelligence found respite after a selloff, while any gain was tempered by elevated oil prices and caution ahead of United States inflation data later in the global day.

5 days ago
Economy premium

8% GDP growth a tall order, says Nobel laureate

Nobel laureate James Robinson says President Prabowo Subianto’s goal of 8 percent gross domestic product growth is a tough ask but not impossible, if the right institutions are in the right place and head in the right direction.

5 days ago

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