TheJakartaPost

RI plans $8b refineries contract with US firm amid tariffs deal, sources say

Apple and General Electric were also mentioned in the presentation as US firms that will benefit from relaxed local content requirements. ...

1 month ago

The Latest

Finance Minister Sri Mulyani Indrawati (second right) waits for her car at the House of Representatives complex in Central Jakarta on July 8, 2024.

Markets premium

Kangaroo bonds to be issued next month: Sri Mulyani

Finance Minister Sri Mulyani Indrawati revealed that the Australian-dollar-denominated Indonesian government obligations are to be launched in August, but Australian investors appear to be wary.

1 month ago

President Prabowo Subianto salutes the crowd from his vehicle on Monday ahead of inaugurating the establishment of 80,081 cooperatives under the Red and White Village Cooperatives (KMP) initiative in a national rollout ceremony held in Bentangan village, Klaten, Central Java..

Prabowo rolls out state-backed co-ops to boost grassroots economy

Experts highlighted a disconnect between the government’s push for cooperatives and the public’s understanding on the ground.

1 month ago

IMR Group: A Decade of India–Indonesia Synergy

PT IMR ARC Steel is widely regarded as a company that deeply understands Indonesia’s investment climate and respects the government’s downstreaming policy. That is why the flagship subsidiary of global resource giant IMR Group is cited as both a pioneer and a modern symbol of the bilateral relationship between India and Indonesia.

1 month ago

Jeep vehicles are displayed in a dealership window in Manhattan on April 01, 2025 in New York City, US.

US tariffs help push Jeep owner Stellantis into big loss

The 2.3-billion-euro ($2.7-billion) net loss in the first half of the year came as sales in North America continued to slump, down 25 percent by volume in the second quarter year-on-year.

1 month ago

A SCAK Kivu worker holds cacao pods on Nov. 15, 2016, at the company's processing plant in Beni, Democratic Republic of Congo.

Markets premium

Prabowo urges cacao rejuvenation, replanting amid high prices

Cocoa prices have surged significantly because of disease outbreaks in key producing regions in Latin America and Africa.

1 month ago

On-demand drivers hold a street protest in Jakarta on May 20, 2025, demanding better pay and working conditions.

Tech premium

On-demand drivers mount mass protest against 15 percent fare hike plan

Garda Indonesia, along with merchants and customers, held a protest on Monday in Jakarta against a planned 15 percent fare hike as well as government inaction in responding to drivers' demands following the previous rally in May.

1 month ago

Chevron Indonesia Company operates an offshore platform in Sepinggan field in Makassar Strait, 37 kilometers east of Balikpapan, East Kalimantan, on April 23, 2019.

Eni reportedly plans to invest $10b in Kalimantan offshore gas project

The Italy-based multinational energy company has committed to investing US$10 billion in East Kalimantan's offshore gas sector, said Energy and Mineral Resources Minister Bahlil Lahadalia.

1 month ago

Moleonoto The, president director of investment services broker PT Indo Premier Sekuritas, symbolically opens a lock on July 17, 2025, during the launch of its Indo Premier Online Technology (IPOT) platform in Jakarta.

Tech

Indo Premier launches wealth creation platform IPOT

Indo Premier Sekuritas launched on Thurday IPOT, which it claims to be the first wealth creation platform in the country.

1 month ago

A worker holds samples of new Japanese yen banknotes in Tokyo on Nov. 21, 2022 at a factory of the National Printing Bureau at a media event about the new notes scheduled to be introduced in 2024.

Markets

Asia shares, yen weather Japan uncertainty as earnings loom

Japan's ruling coalition lost control of the upper house in Sunday’s election, further weakening Prime Minister Shigeru Ishiba’s grip on power.

1 month ago

Maintaining margins: A worker supervises loading and unloading services on March 28, 2023, at the Jakarta International Container Terminal at Tanjung Priok Port in North Jakarta. According to a recent Statistics Indonesia (BPS) report, Indonesian exports grew 7.13 percent year-on-year in September 2024 to US$23.56 billion, the highest figure since December 2022.

RI exporters seek to split tariffs with US buyers to ensure demand

Estimates for the burden-sharing arrangement would depend on how much of the price increase US consumers could absorb, something that “will take time” to determine.

1 month ago

On the go: Travelers stroll through Terminal 3 of Soekarno-Hatta International Airport in Tangerang, Banten, on March 21, 2024.

Regulatory fog clouds Indonesia Airlines’ launch timeline

Indonesia’s government has long sought after new airlines in a bid to improve competition and lower airfares in an industry that has been dominated by Garuda Indonesia and Lion Air.

1 month ago

Rising demand: A worker loads oil palm fresh fruit bunches on April 27, 2022, to be transported from the collection site to CPO factories in Pekanbaru, Riau.

Regulations premium

Uncertainty looms over RI’s plan for B50 biodiesel by 2026

Critics have warned that Southeast Asia’s largest economy’s push to adopt B50 by 2026 may carry significant environmental and economic risks, such as deforestation, land-use conflicts and biodiversity loss.

1 month ago

A general view at the nickel smelter of PT Vale Indonesia in Sorowako, South Sulawesi, on August 2, 2024.

Vale Indonesia to seek up to $1.2bn financing in 2026-2027, official says

The first round of financing, around US$500 million, will likely come from bank loans in early 2026.

1 month ago

Delegates arrive ahead of the G20 Finance and Central Bank Deputies and Finance Ministers and Central Bank Governors Meetings, at the Capital hotel in Zimbali, Durban on July 17, 2025.

G20 finance chiefs back central bank independence in first communique since October

In their first communique since last October, a month before US President Donald Trump's election victory paved the way for his subsequent tariff war, the ministers and central bankers highlighted the uncertainty in the global economy caused by conflict, trade tensions and frequent extreme weather events.

1 month ago

Beefing up: Participants compete in the “sled pull“ event on April 18 during the Hyrox fitness race at the Grand Palais venue in Paris.

Hyrox craze spurs fitness boom as old-school gyms struggle

Industry players have stated that people are moving away from traditional gyms in search of professional coaching, structured programming and a sense of community.

1 month ago

Export oriented: Using a rubber-tired gantry crane, port workers load export-bound containers onto a vessel carrying Portuguese flag at Tanjung Mas port in Semarang on June 24, 2025.

Indonesia still negotiating details, exemptions on US tariff deal, official says

Indonesia has asked the United States to exempt its exports of cocoa, rubber, crude palm oil, coffee and nickel from the levy.

1 month ago

Till they shine: Workers clean the surface of solar panels installed on top of Gedhe Market on Dec. 6, 2023, in Klaten regency, Central Java. The rooftop solar panels on the traditional market have a capacity of 207 kilowatt-peak (kWp) and are claimed to have reduced on-grid electricity usage by 40 percent.

Vanda RE locks in CATL batteries for green power exports to Singapore

The deal includes the procurement of up to 2.2 gigawatt-hours (GWh) of CATL’s battery energy storage system (BESS) for the solar power and storage project in Riau Islands.

1 month ago

Luhut Pandjaitan (center) smiles as he is installed as chairman of the National Economic Council (DEN) on Oct. 21, 2024, during a ceremony to inaugurate of cabinet ministers and agency heads at the State Palace in Jakarta.

Lower US tariff to boost economy 0.5 percent, Luhut says

Citing the results of a macroeconomic analysis on Indonesia's reduced tariff rate of 19 percent, the DEN chief says Jakarta's new trade deal with Washington will help boost employment, welfare and labor-intensive industries to encourage more foreign investment and boost the overall economy.

1 month ago

Workers check solar panels at Tirtonadi Terminal in Surakarta, Central Java, for a Transportation Ministry project capable of producing 500,000 watts of electricity to power operations of the terminal, in this undated photo.

Regulations

US solar panel makers seek tariffs on imports from Indonesia, others

The Alliance for American Solar Manufacturing and Trade says Chinese-owned companies shifted production from nations that received US tariffs to Indonesia and Laos.

1 month ago

Bags of rice are seen piled up at 'Koike rice shop' in Tokyo on Feb. 14, 2025. The Japanese government said it will release its stockpile of rice -- the nation's cherished staple food -- reserved for emergency use in response to soaring prices.

Japan rice prices double, raising pressure on PM

PM Shigeru Ishiba is under additional pressure to reach a trade deal with the United States before new tariffs of 25 percent take effect on August 1.

1 month ago

Tech

Zuckerberg reaches settlement to end $8b trial over Cambridge Analytica

By settling, Meta CEO Mark Zuckerberg and other defendants avoid having to answer probing questions under oath.

1 month ago

Workers at a mining site of PT Freeport Indonesia look at the Carstensz Pyramid in this undated photograph.

Markets premium

US copper tariff poses a double-edged sword for Indonesian miners

In the longer term, the movement of copper prices depends on the resilience of US domestic demand.

1 month ago

Navigating challenges: President Prabowo Subianto (left) and Vice President Gibran Rakabuming Raka (second left) attend a ceremony on July 1 to mark the 79th anniversary of the National Police at the National Monument (Monas) in Jakarta.

Prabowo vows to elevate Garuda through Boeing deal

Garuda Indonesia saw a US$75.9 million net loss in the first three months of this year.

1 month ago

Signage is pictured outside a car dealership for Japanese automaker Toyota in Tokyo on May 10, 2023.

Markets

Japanese auto exports to US dive in June as tariffs bite

Roughly eight percent of jobs are tied to the auto industry in Japan, which is home to the world's top-selling carmaker Toyota as well as Honda, Nissan and other giants.

1 month ago

Bank Indonesia (BI) Governor Perry Warjiyo addresses a live streamed press briefing on June 18, 2025, following the central bank’s board of governors meeting.

BI urges banks to boost lending amid slowing growth

The central bank is urging banks to boost lending to spur the economy amid a downward trend in credit growth to May, including NPLs and LARs.

1 month ago

Jay Y. Lee, Executive Chairman of Samsung Electronics Co., arrives for the State Dinner in honor of then South Korean President Yoon Suk Yeol, at the White House in Washington, DC, US on April 26, 2023.

South Korea's top court clears Samsung Chairman Lee in 2015 merger fraud case

The Supreme Court's verdict permanently removes a long-running legal distraction for Lee as Samsung plays catch-up in a global race to develop cutting-edge AI chips.

1 month ago

Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris, France, on February 5, 2018.