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Jakarta Post
Markets

Asian markets diverge in thin trade, with AI impact in focus

Asian equities were mixed in another holiday-thinned trading day Thursday, with investors digesting broadly positive tech earnings that came days after the upheaval caused by China's DeepSeek explosion onto the global AI scene.

3 months ago
Regulations

Fed leaves rates unchanged, sees no hurry to cut again

Emerging from their first policy meeting during President Donald Trump's second term in the White House, Powell said Fed officials are "waiting to see what policies are enacted" before judging the effects on inflation, employment and overall economic activity. ...

3 months ago
Regulations premium

Political resistance, poor planning cloud Danantara’s future

Experts warned that prolonged setbacks could erode foreign investors' confidence in the country's SOEs governance. ...

3 months ago

The Latest

Economy

US Fed expected to hold rate steady despite Trump pressure to cut

After three interest rate cuts in a row, the US Federal Reserve is expected to take a breather on Wednesday and signal it will remain on pause until the data changes, despite pressure to cut from President Donald Trump.

3 months ago
Tech

Alibaba releases AI model it claims surpasses DeepSeek-V3

Chinese tech company Alibaba on Wednesday released a new version of its Qwen 2.5 artificial intelligence model that it claimed surpassed the highly-acclaimed DeepSeek-V3.

3 months ago
Companies premium

Agrifood giant Japfa to delist from SGX in pursuit of ‘flexibility’

Japfa Comfeed Indonesia's parent company has disclosed a privatization plan that involves the Santosa family acquiring 100 percent shares and delisting from the SGX, with Japfa Ltd. making reassurances that this would not affect its Indonesian subsidiary's management or operation.

3 months ago
Companies premium

Nutrition agency mulls insects as protein source for free meals program

Variety in local food ingredients is key to running the free meals program, given the agency’s main focus on ensuring fulfillment of nutritional standards and not on delivering one type of menu to all recipients across the country. 

3 months ago
Markets

Tech shares struggle to regain footing after epic DeepSeek mauling

A nascent recovery in technology shares faltered on Tuesday and AI chip leader Nvidia struggled to rise from a record-breaking wipeout sparked by a low-cost Chinese artificial intelligence model that threatens the dominance of US rivals.

3 months ago
Regulations

Trump's copper, aluminium tariffs may raise costs for US consumers

Freeport-McMoRan CEO Kathleen Quirk said last week that the miner would not be affected by any copper tariffs as they sell all their US copper domestically and their Indonesian metal goes to Asia. But she worried about any potential inflationary effects of copper tariffs.

3 months ago
Companies premium

RI breaks ground on Rp 1.2 trillion tin-processing facilities in Batam

Indonesia has commenced the construction of tin-processing facilities in Batam, Riau Islands, that cost Rp 1.2 trillion (US$73.9 million) to build and start up.

3 months ago
Companies

Trump says Microsoft in discussions to acquire TikTok

US President Donald Trump said Monday that Microsoft is in talks to acquire TikTok, while the app's future in the country faces uncertainty.

3 months ago
Markets

Currency markets jittery as traders assess DeepSeek, tariff concerns

The Japanese yen gave up some of the safe-haven driven gains on Tuesday as investors grappled with the potential implications of a Chinese startup's free open-source artificial intelligence model, while fresh tariff threats had the euro on the back foot.

3 months ago
Regulations premium

Budget deficit may cross 3 percent threshold on costly programs

The Prabowo administration's first 100 days indicate a potential for accelerated debt accumulation to help finance the President's free meals and housing programs, economists say, pointing to a fine balance between spending and revenue generation in the coming years to 2029.

3 months ago
Tech

European tech shares tumble as China's AI push spooks investors

European shares slid on Monday as the technology sector joined the retreat in other markets after China's upgraded low-cost, low-power artificial intelligence (AI) model sparked worries about the profits of rivals and the need for costly chips.

3 months ago
Markets

Dollar rises on tariff worries after Trump's Colombian threat

The dollar firmed on Monday as traders pondered the ramifications of US President Donald Trump's tariff plans at the start of a week where the Federal Reserve is widely expected to hold interest rates steady.

3 months ago
Tech

Trump discussing TikTok purchase with multiple people, decision in 30 days

US President Donald Trump said on Saturday he was in talks with multiple people over buying TikTok and would likely have a decision on the popular app's future in the next 30 days.

3 months ago
Economy

US home sales in 2024 weakest in nearly 30 years

Sales of previously owned US homes slipped to their weakest level in about three decades last year on the back of high housing prices and mortgage rates, according to industry data released Friday.

3 months ago
Companies

Beached whales: Airbus grounds its massive Beluga cargo flights

The Beluga, billed by Airbus as the world's biggest cargo plane in terms of volume transported, looks something like a whale, with a rounded fuselage mounted on an Airbus A300-600 base.

3 months ago
Tech

Meta tests ads on Threads

The ads come as Meta is facing heightened scrutiny after CEO Mark Zuckerberg ended the company's US fact-checking program, a key tool in fighting online misinformation, and relaxed content moderation rules to allow more controversial speech, similar to X's policies.

3 months ago
Economy premium

Govt slashes ministerial, regional spendings to finance welfare programs

Finance Minister Sri Mulyani Indrawati says Rp 306 trillion in budget cuts will be reallocated to initiatives that directly improve the people’s welfare, such as the free meals program, food and energy self-sufficiency and health care.

3 months ago
Companies premium

Ministry asks Boeing to grant local players MRO license

The Industry Ministry is seeking to expand its collaboration with Boeing in various aviation industry segments, including in maintenance, repair and overhaul (MRO) services.

3 months ago
Economy

BOJ raises interest rates to highest in 17 years

The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation stable around its 2 percent target.

3 months ago
Companies premium

eFishery workers protest layoff plan amid fraud scandal

An in-house workers union has issued a scathing statement demanding the scandal-ridden company to call off the mass layoff planned for next month, maintain its operations and review potential business lines, as well as publish a clarification on an ongoing investigation into alleged fraud.

3 months ago
Markets

Asian markets build on Trump rally, yen steady ahead of BoJ

Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.

3 months ago
Markets premium

Govt to import 180,000 tonnes of beef this year

The government has announced a plan to import 180,000 tonnes of beef and is considering to import another 100,000 tonnes of buffalo meat.

3 months ago
Tech premium

Indonesia fines Google for monopolistic, unfair practices in Play services

The antitrust agency ordered Google to immediately cease enforcing the mandatory use of its Google Play Billing and to allow developers to introduce alternative billing options next to Google Play's billing system.

3 months ago
Regulations premium

Natural gas subsidy to continue at higher prices, minister says

The government has finally confirmed an extension to the HGBT subsidy program, but at higher rates of $7 per MMBtu for power plants and $6.5 per MMBtu for industrial use, citing rising global prices of the commodity.

3 months ago
Economy

How things stand in China-US trade tensions with Trump 2.0

This week, the mercurial magnate said 10 percent tariffs on all Chinese imports could kick in on February 1 -- and on the campaign trail touted a levy as high as 60 percent.

3 months ago
Regulations premium

Govt to allocate Rp 400 trillion for 2026 free meal program

The government aims to increase the 2026 free meals budget nearly six times from this year's initial figure of Rp 71 trillion to cover around five times this year's target of 17.5 million recipients, while it looks for an extra Rp 100 trillion to fund the program until the end of 2025.

3 months ago
Tech premium

Close to deal with Apple to lift iPhone ban, investment minister says

Apple is close to striking a deal with Indonesia to lift a ban on the sale of its iPhone 16, according to the investment minister, but the industry minister remains unconvinced.

3 months ago
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Today's ePost

Sat, May 10, 2025

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