The Containerized Battery Energy Storage System (CBESS) developed by solar power developer SUN Energy is seen bext to a solar panel farm (right) in Feb. 2025 at the site of coal mining contractor PT Cipta Kridatama in Maura Bungo, Jambi.

SUN Energy shifts to integrated energy solutions, energy storage

The integration between power generation, storage and energy management system will become an important foundation to ensure supply reliability and emission efficiency.

2 months ago

Companies

IKEA to close stores in China amid strategy shift

The stores earmarked for closure include one in suburban Shanghai, another in Guangzhou, and several more in second-tier Chinese cities such as Nantong, Xuzhou and Harbin, IKEA said in the statement posted to its official WeChat account. ...

2 months ago

Companies premium

Unilever to sell SariWangi tea stake in $89m deal

The multinational company is divesting its stake to PT Savoria Kreasi Rasa, an affiliate of local conglomerate Djarum Group. ...

2 months ago

The Latest

An oil pumpjack operates at dusk Willow Springs Park in Long Beach, California on April 21, 2020, a day after oil prices dropped to below zero as the oil industry suffers steep falls in benchmark crudes due to the ongoing global coronavirus pandemic

Economy

Oil extends losses as Trump flags Venezuela shipments

Crude has seen wild swings since the US president ordered the toppling Saturday of Nicolas Maduro, his counterpart in Caracas, and said Washington would run the country while demanding "total access" to its key resource.

2 months ago

A worker operates an automatic embroidery machine on Oct. 7, 2025, at Anuhi Kahti Konveksi, Tangerang City, Banten.

Regulations premium

RI imposes safeguard duties on cotton fabric imports

The measure is regulated under Finance Ministry Regulation No. 98/2025, signed by Finance Minister Purbaya Yudhi Sadewa on Dec. 22, with the tariffs set to take effect this Saturday.

2 months ago

An electronic quotation board displays numbers of the Nikkei Stock Average on the Tokyo stock Exchange in Tokyo on Nov. 5, 2025.

Markets

Crude oil slumps, Asian shares edge lower as global tensions climb

US President Donald Trump said Venezuela will be "turning over" up to 50 million barrels of oil to be sold at its market price following the toppling and capture of the nation's leader.

2 months ago

A worker stacks rolls of fabric ready for export on April 15, 2025, at the Trisula Textile Industries factory in Cimahi, West Java.

Economy premium

Trade protectionism to persist in 2026

Trade protectionism has become a new normal that economists say Indonesia will have to navigate carefully this year through market diversification.

2 months ago

Industrial Digging: Excavators transfer soil to transport trucks on July 28, 2023, at a nickel mine operated by nickel mining company Vale Indonesia in Sorowako, South Sulawesi.

Regulations premium

Miners call for faster quota approvals amid rule shift

While temporary permits have provided short-term relief, experts warn that a growing backlog could undermine investment certainty and the sector’s long-term stability.

2 months ago

Stock traders monitor the Jakarta Composite Index (JCI) on April 8, 2025, in South Tangerang, Banten.

Markets premium

IDX Composite sets new all-time high above 8,900

The principal Indonesian stock market gauge closed at a fresh record on Tuesday, supported by strong commodity stocks and global risk appetite.

2 months ago

A passenger train runs on an elevated track on Aug. 5, 2025, in Jakarta's central business district.

Economy

Banking sector 2026: Gaining altitude?

Indonesia’s banking sector had a tough time in 2025 due to several challenges, mostly stemming from weaker domestic demand. A struggling middle-to-low-income class has put pressure on banks from the assets and liability side.

2 months ago

Caracas limbo: A car drives on an empty street on Jan. 3, 2026 after United States President Donald Trump said the US has struck Venezuela and captured its president, Nicolas Maduro, in Caracas.

Companies premium

US raid has not affected Venezuela operations, Pertamina says

Indonesian government officials and an industry group have said the crisis in Venezuela has had little to no impact on the country’s economic activity so far.

2 months ago

Attendants wait for customers at a Shell gas station in an unknown location on Sept. 19, 2025, as a gasoline shortage sweeps private retailers, in part due to a corruption scandal linked to state-owned energy giant Pertamina.

Regulations premium

RI raises fuel import quota for retailers after 2025 supply snarl

Following last year’s fuel snafu, the government has decided to increase this year's import quotas for private retailers, but has not publicly announced by how much.

2 months ago

Pedestrians walk in front of an electronic quotation board displaying the Nikkei Stock Average closing price at 40,000 yen level on the Tokyo Stock Exchange in Tokyo on June 27, 2025.

Markets

Asian stocks extend record rally while oil, dollar drift

US big oil got a boost from the country's military raid at the weekend that captured Venezuelan President Nicolas Maduro.

2 months ago

Gold and silver bars are seen on Jan. 10, 2025 in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany.

Economy premium

Food, gold push inflation to highest level since 2022

Inflation in 2025 reached the highest level in three years, spurred by increasing prices for various food commodities but also for gold, as the precious metal reached record highs in a world marked by uncertainty.

2 months ago

A barge carrying coal is seen on Oct. 31, 2023, at the dock next to the Suralaya coal-fired power plant in Cilegon, Banten.

Economy premium

RI surplus holds despite weaker coal exports, rising imports

The US$2.66 billion surplus in November extended the country’s run of monthly surpluses to 67 consecutive months.

2 months ago

A taxpayer takes a photo of the guideline for requesting online taxation services on Nov. 20, 2023, at a counter at the Kebayoran Baru 1 branch of the tax office in South Jakarta.

Regulations premium

Indonesia extends income tax relief for labor-intensive industries

Tax relief is provided for employees working in five business sectors: footwear, textiles and apparel, furniture, leather and leather goods, as well as tourism.

2 months ago

Krakatau Steel employees watch the production of hot rolled coil (HRC) steel on May 17, 2021, in the company's second hot steel mill in Banten.

Economy premium

Australia scraps dumping probe into Indonesian steel

The dumping margin for Indonesian hot-rolled deformed steel rebar was just 1.3 percent, well below the 2 percent de minimis threshold required to impose duties.

2 months ago

An electronic quotation board displays numbers of the Nikkei Stock Average on the Tokyo Stock Exchange in Tokyo on Jan. 5, 2026.

Markets

Tech firms lead Asian markets higher, oil swings after Maduro ouster

Asian stocks rose Monday on the back of a fresh rally in tech firms and oil fluctuated as investors weighed the impact of the US ouster of Venezuelan leader Nicolas Maduro.

2 months ago

The trading floor of the Indonesia Stock Exchange (IDX)

Markets premium

IDX sets ‘ambitious’ 2026 IPO target after slower year

The Indonesia Stock Exchange (IDX) has set an ambitious IPO target for 2026 and is seeking to draw more large-cap listings after a subdued year marked by a stricter focus on listing quality.

3 months ago

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

Companies

Vale Indonesia halts mining amid delayed 2026 output approval

Deputy Mining Minister Yuliot Tanjung told reporters the approval was "currently being consolidated" and declined to give an indication of the quota.

3 months ago

A satellite image shows the Skipper, a very large crude carrier and the first Venezuela-related vessel seized by the US on Dec. 10, near the shoreline of Galveston, Texas, US, on Dec. 21, 2025.

Economy

Venezuelan oil industry: world's largest reserves, decaying infrastructure

Venezuela, whose President Nicolas Maduro was captured by US forces on Saturday, according to US President Donald Trump, has the world's largest oil reserves.

3 months ago

Tech

Grok under fire after complaints it undressed minors in photos

The "Edit Image" button feature first rolled out in late December on Grok allows users to modify any image on the platform, with some users deciding to partially or completely remove clothing from women or children in pictures, according to complaints.

3 months ago

An illustration of venture capital funding.

Tech premium

Start-up scandals in 2025 force investors to raise the bar, change playbooks

From the unravelling of eFishery saga to corruption probes ensnaring venture capital executives tied to state-backed funding at TaniHub, the year stripped the gloss from Southeast Asia’s most coveted start-up market.

3 months ago

A truck laden with fresh fruit bunches is parked on May 30, 2025, outside a palm oil processing factory in Meulaboh, Aceh.

Economy premium

Factory activity barely grows in December despite holidays, S&P finds

S&P Global's latest manufacturing PMI report showed the December reading slipped 2.1 points to 51.2 from the previous month, though it noted that surveyed firms anticipated a pickup in demand in the new year.

3 months ago

Markets premium

IDX reaching 10,000 points ‘not impossible’, finance minister says

The bourse has marked its first trading day of 2026 on Friday with the IDX Composite rising 1.17 percent to 8,748.13 points.

3 months ago

Lights from LCD projectors shine on Finance Minister Purbaya Yudhi Sadewa's face on Oct, 24, 2025, before he sits down to brief the press about what the ministry has done to fix the faulty Coretax system at the Finance Ministry's press room in Jakarta.

Regulations premium

Purbaya pulls $4.8b liquidity injection from banks to fuel govt spending

The injections are part of Rp 276 trillion in government deposits redirected from the government’s accounts at Bank Indonesia (BI) in September and November to support liquidity at state-owned banks.

3 months ago

Traditional dancers perform beneath inflatable figures of a bull (left) and a horse (right) during a ceremony celebrating the New Year's opening of the South Korea stock market at the Korea Exchange in Seoul on Jan. 2, 2026.

Markets

Stocks make upbeat start to 2026; precious metals extend sparkling rally

Stocks began 2026 on a positive note in holiday-thinned trade as investors braced for a year set to test the AI-led rally, usher in a change of guard at the Federal Reserve and potentially more market turbulence under Donald Trump's presidency.

3 months ago

Fresh channel: Deputy Energy and Mineral Resources Minister Yuliot Tanjung (second right, front) officiates a handover ceremony for the purchase of crude oil from a community-managed well by state-owned oil and gas giant Pertamina on Dec. 31, 2025, at subsidiary Pertamina EP’s Tempino oil storage facility station in Jambi.

Companies premium

Pertamina makes first-ever purchase of crude from community-managed well in Jambi

Pertamina made its first purchase of crude oil produced by a community-managed operation in Jambi, since a 2025 ministerial regulation was enacted to formalize previously illegal small-scale operators.

3 months ago

Finance Minister Purbaya Yudhi Sadewa speaks on Dec. 18, 2025, during the monthly state budget press conference.

Economy premium

6% economic growth in 2026 within reach, Purbaya says

Despite a slowdown in the first nine months of 2025, Finance Minister Purbaya Yudhi Sadewa says Indonesia’s economy could outpace the government’s own budget assumption.

3 months ago

People stand beneath a large screen showing China's President Xi Jinping delivering a speech ahead of the New Year's Eve celebrations in Beijing on Dec. 31, 2025.

Economy

Xi says China to hit 2025 growth target of 'around 5 percent'

China's economy is expected to have grown "around 5 percent" in 2025, President Xi Jinping said on Wednesday, despite "pressure" during a year he described as "very unusual", state media reported.

3 months ago

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