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Jakarta Post
Regulations premium

Budget cuts to affect infrastructure projects, says deputy minister

The Public Works Ministry is set to face a budget cut of over 70 percent by the Finance Ministry, following President Prabowo Subianto’s instruction to save funds for other priority programs.

3 months ago
Regulations premium

Prabowo threatens to shut down noncompliant rice mills over govt pricing

The government previously increased the government purchase price to Rp 6,500 (40 US cents) per kilogram, which was deemed a reasonable figure to ensure welfare for smallholders. ...

3 months ago
Economy

Trump halts Canada and Mexico tariffs, China still targeted

US President Donald Trump delayed the start of tariffs on neighbors Mexico and Canada for a month Monday -- but China remained in the firing line for levies that are putting the global economy on edge. ...

3 months ago

The Latest

Economy premium

Govt mulls mandatory use of benchmark price for coal exports

The government is considering a policy that would require thermal coal exporters to sell the commodity using Indonesia’s coal reference price (HBA) to prevent Indonesian coal from being sold abroad at prices below the local benchmark.

3 months ago
Economy

Trump pauses Mexico tariffs as last-ditch Canada talks continue

US President Donald Trump paused tariffs on Mexico for one month after last-minute talks Monday -- but there was no breakthrough yet in negotiations with Canada on an issue that has sparked fears of a global trade war.

3 months ago
Economy premium

Inflation hits decades low amid electricity discount, waning spending power

Annual inflation in January 2025 is the lowest since January 2000, BPS says.

3 months ago
Economy premium

Manufacturers' confidence grows, but cost pressure remains: PMI reports

Though costs remain a concern, Indonesian manufacturers have increased buying activity and bolstered stockpiles of input and output inventories in anticipation of demand growth this year.

3 months ago
Markets

IDX Composite slumps 1.11% after US raises import tariffs

The IDX Composite closed lower on Monday, falling by 1.11 percent after United States President Donald Trump announced an increase in import tariffs on Canada, Mexico and China.

3 months ago
Regulations premium

Cement industry demands tighter moratorium on new factories

Industry association ASI has called for stricter enforcement of the moratorium on new factories as well as more targeted application of the policy to protect cement producers.

3 months ago
Economy

India faces warmer February, winter crops at risk

Maximum and minimum temperatures in most parts of the country will be above-average in the month, Mrutyunjay Mohapatra, director-general of the India Meteorological Department, told a virtual news conference.

3 months ago
Regulations premium

Hashim pitches housing bonds to lure overseas funds

The Kadin advisory board chair has proposed the new bond scheme as an alternative to a tax holiday for repatriating overseas funds to fund the "3 million homes" program of President Prabowo, his brother.

3 months ago
Markets

Stocks slump, dollar soars as Trump tariffs trigger trade war fears

Asian stock markets slumped on Monday and European and US equity futures pointed sharply lower after President Donald Trump's tariffs on Canada, Mexico and China triggered fears of a broad trade war and a hit to global growth.

3 months ago
Regulations premium

Prabowo's 3 million homes program lacks clarity

National housing task force head Hashim Djojohadikusumo said on Jan. 20 that people would still need to pay installments for housing units provided by the program.

3 months ago
Markets

Dollar surges on Trump's tariffs, sending global FX to multi-year lows

The dollar surged on Monday, pushing its Canadian counterpart and Mexican peso to multi-year lows while China's yuan slumped to a record low in offshore trading after US President Donald Trump kicked off a trade war by imposing sweeping tariffs.

3 months ago
Regulations premium

After 100 days, little to show for Prabowo’s energy, food security plans

President Prabowo Subianto kicked off his term with promises to make Indonesia less dependent on fuel and food imports by ramping up renewable energy supply and building massive agricultural estates, sparking hope but also skepticism as predecessors have tried the same, and failed.

3 months ago
Markets premium

Govt tightens rules on palm oil firms’ mandatory land allocation for smallholders

New rules require firms to give 20 percent of their land to smallholders before the government extends their permits.

3 months ago
Economy

China shrugs off new Trump tariffs but bruising trade war looms

Donald Trump's new tariffs will probably not have a major impact on China's economy but may herald the opening salvo of another bruising trade war with Beijing, analysts said Sunday.

3 months ago
Regulations

Trump unveils sweeping US tariffs on Canada, Mexico, China

Canadian and Mexican exports to the United States will face a 25 percent tariff, although energy resources from Canada will have a lower 10 percent levy. Goods from China, which already face various rates of duties, will see an additional 10 percent tariff.

3 months ago
Economy

Trump readies order for steep tariffs on goods from Mexico, Canada, China

US President Donald Trump is expected to sign an order on Saturday imposing hefty new tariffs of 25 percent on goods from Mexico and Canada and 10 percent on imports from China, potentially disrupting more than US$2.1 trillion worth of annual trade.

3 months ago
Tech

Nvidia CEO meets Trump amid AI trade tensions

Trump said he would be putting tariffs on imports of computer chips to the United States, which will punish Nvidia's business that depends on imported components, mainly from Taiwan.

3 months ago
Economy premium

US backs out from JETP leadership role

The United States has backed out from its role as a co-leader alongside Japan in an international effort to help finance Indonesia’s energy transition, with Germany reportedly stepping into the breach.

3 months ago
Economy premium

Investment jumps 20.8% in 2024 as businesses gain confidence post election

Total investment grew by 20.8 percent to Rp 1.7 quadrillion (US$105 billion) last year compared to the previous year.

3 months ago
Markets premium

Pertamina debuts new low-sulfur product Diesel X

Pertamina has launched Diesel X, a low-sulfur vehicle fuel claimed to be relatively environmentally friendly and efficient.

3 months ago
Economy

World awaits Trump tariff deadline on Canada, Mexico and China

With less than 24 hours before President Donald Trump's deadline to impose sweeping tariffs on the three biggest US trading partners -- Canada, Mexico and China -- the global economy is bracing for impact.

3 months ago
Companies premium

Freeport expects green light for copper concentrate exports in Q1

The US mining giant says it expects to soon get final export approval for local subsidiary Freeport Indonesia, after a fire last October prompted the company to close operations and file an extension request.

3 months ago
Economy

Trump repeats tariffs threat to dissuade BRICS nations from replacing US dollar

President Donald Trump on Thursday warned off BRICS member countries from replacing the US dollar as a reserve currency by repeating a 100 percent-tariffs threat he had made weeks after winning the November presidential elections.

3 months ago
Markets

Asia stocks ease; gold hits record as US tariff threat lingers

Asian shares wavered on Friday, weighed down by the return of tech-heavy South Korean stocks from holidays, but relatively strong earnings from US tech giants kept risk sentiment intact while tariff threats pushed the dollar and gold prices higher.

3 months ago
Economy premium

Indonesia launches new credit scheme for labor-intensive industries

At the BRI Microfinance Outlook 2025 on Thursday in Jakarta, the senior economic minister launched a new credit scheme that carries a 5% interest subsidy rate to help labor-intensive industries.

3 months ago
Economy

Consumers at the heart of the ASEAN opportunity

Businesses looking to grow would do well to look toward the major markets in Southeast Asia.

3 months ago
Regulations premium

Businesses decry new tax system as filing deadline nears

Fully implemented at the turn of the year, Coretax is a new tax administration system that is meant to tame Indonesia’s notoriously complicated taxation jungle, which can then translate into improved compliance and increased revenue.

3 months ago
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Today's ePost

Wed, May 7, 2025

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