TheJakartaPost

Gold edges lower on firmer dollar after strong US jobs data

Gold prices dipped on Thursday, as the U.S. dollar firmed after stronger-than-expected January jobs data dented expectation for near-term interest rate cuts, while investors awaited inflation data due on Friday for more monetary policy cues. ...

1 month ago

Markets premium

Danantara’s IDX ownership plan gets guarded welcome

Danantara CEO Rosan Roeslani pointed out that it is common practice for sovereign wealth funds (SWFs) to hold stakes in bourses, typically ranging from 15 percent to 30 percent. ...

1 month ago

The Latest

Economy

Indonesia ready to bridge trade, investment in Islamic world

According to "State of Global Islamic Economy Report 2024-2025", Indonesia is ranked third in the global Islamic economy, after Malaysia and Saudi Arabia.

1 month ago

Indonesian President Prabowo Subianto holds a meeting with members of the Indonesian Employers Association (APINDO) at his residence in Hambalang, Bogor, West Java, Indonesia, on Monday, Feb. 9, 2026.

Prabowo leans on businesses to create jobs

President Prabowo Subianto held meetings with Indonesian business leaders at his private Hambalang estate, during which he stated his commitment to improving the ease of doing business.

1 month ago

Juda Agung (at mic) salutes on Feb. 5, 2026, during his inauguration as a deputy finance minister at the State Palace in Central Jakarta. The former Bank Indonesia (BI) deputy governor replaces Thomas “Tommy” Djiwandono, who was installed as a BI deputy governor on Feb 9.

New deputy finance minister guns for 5.6% first-quarter GDP growth

Just under a week since he was sworn in last Thursday, the ex-Bank Indonesia deputy governor is setting his sights accelerated state spending this quarter to reach up to 5.6 percent growth from an initial 5.5 percent target.

1 month ago

Companies

Indosat Ooredoo Hutchison shows healthy fundamentals in 2025 with 12.2% net profit growth

Indosat Ooredoo Hutchison (ISAT) demonstrated robust performance throughout 2025, recording revenue of Rp 56.5 trillion (US$3.37 billion) in addition to double-digit profit growth of 12.2 percent year-on-year (yoy) and 51 percent quarter-on-quarter (qoq) to Rp 5.5 trillion.

1 month ago

Two workers of state-owned gas company Perusahaan Gas Negara (PGN) check pipelines of gas channeled to power generator PT Indonesia Power at a gas meter station in Tambak Lorok, Semarang, Central Java.

PLN EPI breaks ground on Rp1 trillion gas pipeline

PT PLN Energi Primer Indonesia has begun the construction of a Rp 1 trillion (US$59.57 million) gas pipeline linking the West Natuna Transportation System (WNTS) to Pemping Island, Batam.

1 month ago

Companies

SWA RoboKnights to represent Indonesia at VEX Robotics World Championship in the US

In a masterclass of skill and strategy, Sinarmas World Academy’s SWA RoboKnights powered through the VEX Robotics Indonesia National Championship 2025/2026, earning six major awards and securing a coveted spot on the global stage.

1 month ago

Customers shop at a Target store on Feb. 10, 2026 in Chicago, Illinois, US. Target plans to cut about 500 jobs at distribution centers and regional offices, but plans to increase the number of employees at their retail stores.

Buoyant stocks pause for breath on signs of softening US consumption

Bonds jumped and a rebound in stock markets slowed down on Wednesday after softer-than-expected US retail sales figures, while a rally in the yen has extended and might be beginning to signal a shift in investor thinking since Japan's election.

1 month ago

An undated photograph shows the Balikpapan refinery complex, the site of Pertamina’s Refinery Development Master Plan (RDMP) expansion project.

Pertamina denies Russian crude imports as EU mulls sanctions

The European Union has proposed unprecedented sanctions against Indonesia’s Karimun Port for handling Russian oil.

1 month ago

People shop for Idul Fitri at the Tanah Abang textile market in Jakarta on April 3, 2024.

Retail sales post strong annual gain as consumer confidence holds up

The retail sales index dipped slightly in January when compared with the holiday month of December but is up a strong 7 percent year-on-year.

1 month ago

Representatives of PT Sarana Multi Infrastruktur (PT SMI) sign grant agreements and memorandums of understanding with international development partners on Feb. 4 during a donor coordination meeting in Jakarta.

Finance Ministry’s SMI secures $9.3m grants to expand green finance

PT SMI operates as a development finance institution providing corporate and public financing alongside project advisory and preparation services.

1 month ago

Workers assemble fashion products on Oct. 29, 2025, at the Tectona Textile Factory in Pameungpeuk, Bandung regency, West Java.

Economy

Indonesia’s growth: Resilient but uneven

Although formal job creation has improved, job quality, reflected in income stability, benefits and productivity, remains unequal.

1 month ago

State Secretary Prasetyo Hadi talks to journalists on July 25, 2025, during a press briefing at the Presidential Palace in Jakarta.

Fiscal discipline remains intact, govt insists, after Moody’s outlook cut

State Secretary Prasetyo Hadi said on Monday that the government continued to adhere to fiscal rules and had not breached statutory deficit limits, stressing that budget management remained on a prudent footing.

1 month ago

Parents hold photos of their children outside the Los Angeles County Superior Court in Los Angeles, US, on Feb. 9, 2026, ahead of a landmark US trial that could establish a legal precedent on whether social media companies deliberately designed their platforms to lead to addiction in children.

Tech

Jury told that Meta, Google 'engineered addiction' at landmark US trial

Meta and Google-owned YouTube were accused Monday of pushing highly addictive apps on children as a landmark social media trial began in earnest in a California court.

1 month ago

Workers carry sacks of medium quality rice on Monday in a warehouse belonging to the State Logistics Agency (Bulog) in Purwasari, Karawang, West Java. The agency has reached 70 percent of the 15.6 million families across the country entitled to noncash food assistance.

Bulog proposes Mecca warehouse to stock haj rice exports

Bulog’s planned warehouse in the Haj Village will also be used to store other food commodities from Indonesia, such as meat and fish, to meet the consumption needs of the haj pilgrims.

1 month ago

An oil platform operated by Lukoil company is pictured from a helicopter carrying members of a local election committee and journalists during the early voting for the parliamentary election, at the Kravtsovskoye oilfield in the Baltic Sea, Russia September 16, 2021.

Regulations

EU proposes sanctions on Indonesian ports for handling Russian oil

The proposal would bar EU companies and individuals from conducting transactions with Karimun Port in Indonesia and Kulevi Port in Georgia.

1 month ago

Momentous shot: A group of visitors takes a picture on Jan. 29, 2026 in front of a stock ticker display at the Indonesia Stock Exchange (IDX) in South Jakarta.

FTSE Russell postpones Indonesia index review

About US$120 billion has been wiped from the benchmark Jakarta Composite after larger rival MSCI warned last month the country risked a downgrade to frontier status.

1 month ago

Streams of reality: Low-income informal housing sits on the banks of the Ciliwung River on Nov. 13, 2025, in Matraman, East Jakarta. The Jakarta provincial administration has identified 445 community units with poor housing and limited sanitation.

Poverty at record low as govt seeks to redefine threshold

The poverty rate rests at a historic low of 8.25 percent of the total population, continuing its declining trend from September 2022.

1 month ago

Traders and stakeholders attend the closing ceremony for 2025 trading on Dec. 30 in the main hall of the Indonesia Stock Exchange (IDX) in the Sudirman Central Business District in South Jakarta.

Regulations premium

Indonesia proposes 3 measures to meet MSCI's transparency demands

As part of their eight-point plan, Indonesian authorities have come up with three proposed measures to meet MSCI's transparency demands and avoid potential downgrading to emerging market status.

1 month ago

Bank Indonesia (BI) deputy governor nominee Thomas “Tommy” Djiwandono prepares to attend a confirmation hearing on Jan. 26 at House of Representatives Commission XI overseeing financial affairs at the Senayan Legislative Complex in Central Jakarta.

Thomas Djiwandono sworn in as BI deputy governor

The former deputy finance minister, who also President Prabowo Subianto's nephew, replaced Juda Agung, who resigned as BI deputy governor on Jan. 13 and was inaugurated as deputy finance minister on Thursday.

1 month ago

Investment and Downstream Minister and Danantara CEO Rosan Roeslani delivers a press statement at the State Palace complex in Central Jakarta on Dec. 17, 2025, on the progress of the Indonesian haj village development in Saudi Arabia.

Danantara breaks ground on $7b downstream industry projects

The projects, launched simultaneously across 13 regions on Friday, are fully funded from Danantara’s internal resources and are expected to create about 6,000 direct jobs, the fund said in a statement.

1 month ago

A man walks past a board displaying posters of candidates for the House of Representatives election during snowfall in Tokyo on Feb. 8, 2026.

Economy

Japan's Takaichi may struggle to soothe voters and markets

Japanese stocks soared to record highs Monday after Prime Minister Sanae Takaichi's election triumph, but experts warned that the country's first woman leader could struggle to keep both voters and markets happy.

1 month ago

Passersby walk past an electric screen displaying a graph showing Japan's Nikkei share average movements outside a brokerage in Tokyo on Feb. 13, 2024.

Asian markets rally as Japan shares surge to record peak

Nikkei jumped 4.2 percent to all-time highs as the government's decisive majority after the election clears the way for more spending and tax cuts.

1 month ago

A worker walks across an operational area at the Martabe gold mine located in the Batang Toru district of South Tapanuli, North Sumatra.

Regulations premium

Crackdown on mining permits faces legal scrutiny

A potential lawsuit over halted mining operations could expose the state to fiscal risks reaching tens of trillions of rupiah, extending far beyond legal fees to include lost revenue and compensation claims.

1 month ago

A worker inspects a furnace at a plant managed by Indonesian-South Korean joint venture PT Krakatau Posco at the Krakatau Industrial Estate Cilegon (KIEC) in Cilegon, Banten, in this file photo from 2015.