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Jakarta Post
Economy

India's Modi dangles tax cuts as US tariffs loom

Indian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say.

2 months ago
Economy

Trump says US is conducting tariff investigation into furniture imports

President Donald Trump said on Friday his administration will conduct a "major" tariff investigation on furniture entering the United States, a step toward imposing higher duties on a sector already seeing tariff-fueled price increases. ...

2 months ago
Regulations premium

Govt allocates Rp 3.4t to extend housing VAT waiver to 2026

The Finance Ministry has pledged to continue disbursing fiscal incentives for the housing sector in 2026, allocating Rp 3.4 trillion (US$208 million) for a value-added tax (VAT) waiver on home purchases.   ...

2 months ago

The Latest

Regulations

WTO panel backs Indonesia on several counts in biodiesel row with EU

Indonesia brought the dispute to the WTO in 2023, alleging that the EU's imposition of duties on imports of biodiesel from the Southeast Asian nation broke the body's rules.

2 months ago
Economy premium

Concert pullouts signal sponsorship, spending strains

Experts point to waning interest from corporate sponsors, especially SOEs that have “reallocated budgets” to programs more closely tied to government priorities, as a key driver behind the wave of festival cancellations.

2 months ago
Economy premium

US radioactive material alert halts work at Indonesian shrimp exporter

BMS Foods says it has suspended all production and shipments to the United States pending investigations by Bapeten, BRIN and the Maritime Affairs and Fisheries Ministry.

2 months ago
Tech premium

Crypto industry pushes for a rupiah-backed stablecoin

One of the key arguments for stablecoin adoption is its potential to reduce remittance costs for Indonesian migrant workers abroad.

2 months ago
Markets

Asian shares choppy, dollar steady as traders await Powell speech

Stocks in Asia edged higher in a shaky start on Friday as anxious traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium.

2 months ago
Companies premium

Padel courts rise in Jakarta to meet surging demand

In June, the Indonesian Padel Association (PBPI) reported that Indonesia now has 133 padel courts, with 40 percent located in Greater Jakarta and 30 percent in Bali.

2 months ago
Regulations premium

Clean energy pledge rings hollow amid coal subsidies

The planned 2026 budget pours more funds into fuel and coal subsidies than into renewable energy development, casting doubt on the government’s commitment to the energy transition.

2 months ago
Economy

Eurozone business activity up as new orders grow, PMI shows

The manufacturing sector showed notable improvement as its headline PMI rose to 50.5 from 49.8 in July, moving into expansion territory for the first time in more than three years.

2 months ago
Economy premium

Bank lending slows further on stricter standards, weak demand

Bank Indonesia (BI) has flagged declining loan growth in the country’s banking industry amid stricter lending standards and weak demand, emphasizing the need to boost credit disbursement to push national economic growth.  

2 months ago
Companies premium

Prolonged Freeport smelter shutdown frees up scarce ore for copper market

The extended maintenance shutdown at Freeport's Manyar smelter in Gresik has forced the mining giant to offload 100,000 tonnes of copper concentrate to the global market, offering timely respite amid an unprecedented shortage of the raw material.

2 months ago
Companies premium

Farmer-trader trains to strengthen rural supply chains

Railway operator PT Kereta Api Indonesia (KAI) has announced plans for a new train service tailored to the needs of farmers and traders by facilitating the movement of crops and goods across regions, empowering rural communities and bridging supply chains.

2 months ago
Regulations premium

In surprise move, BI cuts rate to ‘push’ GDP growth

Bank Indonesia (BI) has unexpectedly made a back-to-back benchmark interest rate cut in its bid to bring out the true potential of the country’s gross domestic product (GDP) growth.

2 months ago
Markets premium

US flags Indonesian shrimps over radiation concerns

The United States Food and Drug Administration (FDA) has advised consumers and retailers to “not eat, sell or serve” frozen shrimp imported from an Indonesian company.

2 months ago
Companies premium

Industries reel from prolonged gas shortage

Downstream manufacturers nationwide are starting to feel the pinch a week after unscheduled maintenance triggered a sudden drop in the natural gas supply, though government data trace the decline back several weeks, with some resorting to costly fuel switching to maintain production output.

2 months ago
Regulations

US recalls shrimp imported from Indonesia over potential radioactivity scare

The seafood imported from a company in Indonesia has been marketed in 13 states by retail giant Walmart, the Food and Drug Administration (FDA) said on its website.

2 months ago
Companies

US wants equity stakes in chip makers for CHIPS Act cash grants, sources say

US Commerce Secretary Howard Lutnick is looking into the government taking equity stakes in Intel as well as other chip companies in exchange for grants under the CHIPS Act that was meant to spur factory-building around the country, two sources said.

2 months ago
Economy premium

LPG imports from US risk increasing subsidy burden

Analysts urge the government to diversify supply sources and strengthen energy security to avoid overdependence on costly routes.

2 months ago
Economy premium

Southeast Asian exporters brace for US transshipment crackdown

Though not yet enacted, experts see a threatened 40-percent tariff on transshipped goods as a serious risk given Southeast Asia’s deep connection with Chinese manufacturers.  

2 months ago
Markets premium

Housing market slows on economic concerns, credit conditions

Property consultants have pointed to global economic uncertainty and credit hurdles as contributing factors to the sharp drop in home sales in the second quarter of 2025.

2 months ago
Markets

Sales slump slows electric motorcycle production

After sales of electric two-wheelers plummeted in the first half of 2025, a manufacturers’ association has demanded clarity from the government on purchasing subsidies.

2 months ago
Economy premium

Moderate gains, rising challenges: Navigating the multi-finance industry in 2025

The multi-finance industry is entering a phase of more limited growth this year, with Bank Mandiri projecting receivables expansion will remain relatively flat at around Rp 500 trillion in the remaining months of the year.

2 months ago
Tech

Google agrees to US$36m fine over Android search deals

Australia's competition authority said it had launched proceedings in the Federal Court and jointly submitted with Google Asia Pacific that it should pay the fine.

2 months ago
Tech premium

QRIS launches in Japan as trial begins for expansion to China

Bank Indonesia (BI) is preparing to roll out the Quick Response Indonesia Standard (QRIS) in China, following the recent launch in Japan, as it seeks to expand the national digital payment system beyond ASEAN.  

2 months ago
Companies premium

Pelita Air makes international debut with Jakarta–Singapore flight

Pelita Air’s entry follows the availability of additional slots at Changi after Jetstar Asia’s closure in July.  

2 months ago
Economy

Supporting ASEAN Businesses in Navigating Complexity and Driving Growth

Amid ongoing geopolitical turbulence and rising uncertainty in the global economy, the Association of Southeast Asian Nations (ASEAN) continues to demonstrate remarkable resilience and sustained growth.

2 months ago
Companies

SoftBank to invest $2b in Intel to become top-10 shareholder

SoftBank Group is buying a US$2 billion equity stake in Intel, a move that will make it a top-10 shareholder and provide a powerful ally to the struggling US chipmaker.

2 months ago
Economy premium

Tax hikes, program cuts could hit regions as Jakarta pulls funds

The share of the state budget controlled by Jakarta is expected to climb from 72 percent in 2021 to 83 percent in 2026, leaving most programs to be designed and implemented by the central government.

2 months ago
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Today's ePost

Sat, November 8, 2025

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