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Jakarta Post
Companies premium

Vendors of bankrupt SOE Istaka Karya demand Rp 786b in unpaid dues

An association named the "victims of SOE Istaya Karya" has urged lawmakers to fulfill the bankrupt construction firm's financial obligations to vendors, some of which have been waiting more than a decade to be paid.

2 months ago
Regulations premium

Danantara snubs megaproject Nusantara in investment priorities: State Palace

The Nusantara Capital City (IKN) Authority had been hoping for a slice of Danantara’s capital to support the megaproject’s development, its head Basuki Hadimuljono said on Monday. ...

2 months ago
Companies premium

Merdeka Battery to build $1.8b HPAL nickel processing plant

Merdeka Battery Materials has signed an agreement to build a $1.8 billion high-pressure acid leach (HPAL) processing plant at Central Sulawesi's Indonesia Morowali Industrial Park, to start operating by mid-2026. ...

2 months ago

The Latest

Economy

Vietnam's US exports account for 30 percent of GDP, making it highly vulnerable to tariffs

Vietnam's goods exports to the United States accounted for 30 percent of its gross domestic product last year, the highest share among US top trade partners, a Reuters review of public data shows, making the country highly vulnerable to reciprocal tariffs.

2 months ago
Economy

Malaysia's palm oil stocks to hit two-year low after output falls

The drop in inventories in the world's second-largest palm oil producing country after Indonesia could support benchmark futures FCPOc3, and sustain the commodity's premium over competing oils.

2 months ago
Companies premium

Prabowo’s Danantara faces uphill battle for investor trust

Analysts have warned that the fund will face challenges in winning investor trust given its governance structure.

2 months ago
Regulations premium

Indonesia could end fuel subsidies in 2027, Luhut says

Luhut Pandjaitan, who heads the National Economic Council (DEN), has long pushed for ending subsidies on Solar and Pertalite, the country’s most popular subsidized fuels.

2 months ago
Regulations premium

Govt cancels Nusantara benchmarking studies due to budget cuts

The benchmarking studies ought to take a team of government officials to Egypt, Turkey and India to learn the design of their legislative and judiciary buildings for Indonesia's planned new capital city.

2 months ago
Markets premium

Electric motorbike sales decline by 70 percent as subsidy stalls

Unless the subsidy program for electric motorcycles is renewed, the industry will see sales drop in 2025.

2 months ago
Regulations

Danantara, Indonesia's new sovereign wealth fund: what to know

He wants to tap into the fund's assets -- planned to be more than $900 billion -- to boost Indonesia to developed economy status, despite expert concern about its governance.

2 months ago
Regulations

Indonesia launches sovereign wealth fund aiming to hold $900 bn in assets

Prabowo on Monday inaugurated the new fund, known as Daya Anagata Nusantara or Danantara, which is modeled partly on Singapore's investment arm Temasek.

2 months ago
Tech

SHIMIZU PREMIUM INTERVIEW #6 - Dialogue with Blibli: Delivering true value

What truly matters does not change, even as times change.

2 months ago
Tech premium

Apple clears investment shortfall in Indonesia, yet iPhone 16 ban still stands

National Economic Council (DEN) member Mari Elka Pangestu noted that complaints from US multinationals could give Trump’s administration reason to review trade policies and ties with Indonesia.

2 months ago
Economy

Trump orders tighter curbs on Chinese investments in key sectors

US President Donald Trump has signed a memo calling for curbs on Chinese investments in strategic sectors like technology and critical infrastructure, a move Beijing slammed on Saturday as "discriminatory."

2 months ago
Companies

Boeing's chief aerospace safety officer set to retire, memo shows

The United States-based planemaker has been under scrutiny after a series of crises involving safety.

2 months ago
Companies

MR.D.I.Y. Indonesia: Boosting National Economy by Ensuring Accessibility, Building Careers

Consistently affirming its position as the go-to shopping destination for household tools and equipment in Indonesia, MR.D.I.Y. Indonesia remains committed to its mission through 1,000 nationwide stores offering more than 18,000 high-quality products at affordable prices.

2 months ago
Economy

India likely to raise vegetable oil import taxes to help support local farmers

India meets nearly two-thirds of its vegetable oil demand through imports, with palm oil mainly bought from Indonesia, Malaysia and Thailand, while soyoil and sunflower oil imported from Argentina, Brazil, Russia and Ukraine.

2 months ago
Economy premium

Hashim doubles down on growth goal, promising 8% by year-end

A top adviser to President Prabowo Subianto has expressed confidence that Indonesia will achieve 8 percent year-on-year GDP growth in this year’s final quarter thanks to the government’s food and housing programs.

2 months ago
Markets premium

Change of guard: Indonesia's young art collectors look beyond money

The country’s burgeoning art market is giving rise to a younger generation of collectors who are not only motivated by investment returns but also by a desire to express personal tastes.

2 months ago
Companies premium

Minister courts French firms for renewable energy investment

Investment and Downstream Minister Rosan Roeslani has encouraged French companies to develop renewable energy in Indonesia as his ministry welcomed a delegation of 35 firms for a visit organized by French business association MEDEF International.

2 months ago
Markets premium

Govt to issue bonds for 3 million homes program, Sri Mulyani says

The Finance Ministry has announced a new housing bond to help finance the government's 3 million affordable homes program as a "modification" of the FLPP mortgage facility launched in 2021.

2 months ago
Companies premium

Toyota eyes Indonesia as Global South manufacturing hub, Hashim says

PT Toyota Motor Manufacturing Indonesia (TMMIN) exports cars to nearly 100 countries. 

2 months ago
Companies premium

OJK strips state-owned insurer Jiwasraya of business license

The OJK has revoked the business license of PT Asuransi Jiwasraya, effective on Thursday, in the latest development related to an ongoing graft probe into the state-owned life insurance firm.

2 months ago
Economy

EU seeks more US gas, renewable energy to replace Russian supplies

The European Union will seek more gas from countries including the United States to replace Russian supplies, and expand renewable energy faster to cut its overall reliance on the fuel, the EU's energy commissioner has said.

2 months ago
Markets

Fed officials flag inflation risks but still see room for rate cuts in time

Federal Reserve officials are taking note of what they see as rising inflation risks and the uncertain impact of President Donald Trump's trade, immigration and other policies.

2 months ago
Economy premium

Construction SOEs face steeper climb to recovery amid budget cuts

Analysts have warned that the situation may deteriorate further this year following the government’s decision to slash infrastructure spending, typically the sector’s main revenue source. They argue that consolidation among these firms is now more urgent than ever.

2 months ago
Economy

Trump says trade deal with China 'possible'

In 2020, the United States had already agreed to "a great trade deal with China" and a new deal was "possible," Trump told reporters.

2 months ago
Companies premium

Electric equipment maker Sanken to close Cikarang factory in June

PT Sanken Indonesia, a subsidiary of Japan-based electronic equipment manufacturer Sanken Electric Co. Ltd., plans to close its MM2100 factory in Cikarang, West Java, in June, a government official has said.

2 months ago
Economy

Trump adds lumber to list of goods facing tariffs over 'next month or sooner'

US President Donald Trump said on Wednesday he will announce fresh tariffs over the next month or sooner, adding lumber and forest products to previously announced plans to impose duties on imported cars, semiconductors and pharmaceuticals.

2 months ago
Markets

Asian markets drop as Fed flags concern over Trump policies

Asian markets turned negative Thursday amid Federal Reserve concerns that US President Donald Trump's tariffs and immigration measures could reignite inflation.

2 months ago
Page: 15

Today's ePost

Mon, May 5, 2025

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