TheJakartaPost

RI exporters seek to split tariffs with US buyers to ensure demand

Estimates for the burden-sharing arrangement would depend on how much of the price increase US consumers could absorb, something that “will take time” to determine. ...

3 months ago

Regulatory fog clouds Indonesia Airlines’ launch timeline

Indonesia’s government has long sought after new airlines in a bid to improve competition and lower airfares in an industry that has been dominated by Garuda Indonesia and Lion Air. ...

3 months ago

The Latest

Rising demand: A worker loads oil palm fresh fruit bunches on April 27, 2022, to be transported from the collection site to CPO factories in Pekanbaru, Riau.

Regulations premium

Uncertainty looms over RI’s plan for B50 biodiesel by 2026

Critics have warned that Southeast Asia’s largest economy’s push to adopt B50 by 2026 may carry significant environmental and economic risks, such as deforestation, land-use conflicts and biodiversity loss.

3 months ago

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

Vale Indonesia to seek up to $1.2bn financing in 2026-2027, official says

The first round of financing, around US$500 million, will likely come from bank loans in early 2026.

3 months ago

Delegates arrive ahead of the G20 Finance and Central Bank Deputies and Finance Ministers and Central Bank Governors Meetings, at the Capital hotel in Zimbali, Durban on July 17, 2025.

G20 finance chiefs back central bank independence in first communique since October

In their first communique since last October, a month before US President Donald Trump's election victory paved the way for his subsequent tariff war, the ministers and central bankers highlighted the uncertainty in the global economy caused by conflict, trade tensions and frequent extreme weather events.

3 months ago

Beefing up: Participants compete in the “sled pull“ event on April 18 during the Hyrox fitness race at the Grand Palais venue in Paris.

Hyrox craze spurs fitness boom as old-school gyms struggle

Industry players have stated that people are moving away from traditional gyms in search of professional coaching, structured programming and a sense of community.

3 months ago

Export oriented: Using a rubber-tired gantry crane, port workers load export-bound containers onto a vessel carrying Portuguese flag at Tanjung Mas port in Semarang on June 24, 2025.

Indonesia still negotiating details, exemptions on US tariff deal, official says

Indonesia has asked the United States to exempt its exports of cocoa, rubber, crude palm oil, coffee and nickel from the levy.

3 months ago

Till they shine: Workers clean the surface of solar panels installed on top of Gedhe Market on Dec. 6, 2023, in Klaten regency, Central Java. The rooftop solar panels on the traditional market have a capacity of 207 kilowatt-peak (kWp) and are claimed to have reduced on-grid electricity usage by 40 percent.

Vanda RE locks in CATL batteries for green power exports to Singapore

The deal includes the procurement of up to 2.2 gigawatt-hours (GWh) of CATL’s battery energy storage system (BESS) for the solar power and storage project in Riau Islands.

3 months ago

Luhut Pandjaitan (center) smiles as he is installed as chairman of the National Economic Council (DEN) on Oct. 21, 2024, during a ceremony to inaugurate of cabinet ministers and agency heads at the State Palace in Jakarta.

Lower US tariff to boost economy 0.5 percent, Luhut says

Citing the results of a macroeconomic analysis on Indonesia's reduced tariff rate of 19 percent, the DEN chief says Jakarta's new trade deal with Washington will help boost employment, welfare and labor-intensive industries to encourage more foreign investment and boost the overall economy.

3 months ago

Workers check solar panels at Tirtonadi Terminal in Surakarta, Central Java, for a Transportation Ministry project capable of producing 500,000 watts of electricity to power operations of the terminal, in this undated photo.

Regulations

US solar panel makers seek tariffs on imports from Indonesia, others

The Alliance for American Solar Manufacturing and Trade says Chinese-owned companies shifted production from nations that received US tariffs to Indonesia and Laos.

3 months ago

Bags of rice are seen piled up at 'Koike rice shop' in Tokyo on Feb. 14, 2025. The Japanese government said it will release its stockpile of rice -- the nation's cherished staple food -- reserved for emergency use in response to soaring prices.

Japan rice prices double, raising pressure on PM

PM Shigeru Ishiba is under additional pressure to reach a trade deal with the United States before new tariffs of 25 percent take effect on August 1.

3 months ago

Tech

Zuckerberg reaches settlement to end $8b trial over Cambridge Analytica

By settling, Meta CEO Mark Zuckerberg and other defendants avoid having to answer probing questions under oath.

3 months ago

Workers at a mining site of PT Freeport Indonesia look at the Carstensz Pyramid in this undated photograph.

Markets premium

US copper tariff poses a double-edged sword for Indonesian miners

In the longer term, the movement of copper prices depends on the resilience of US domestic demand.

3 months ago

Navigating challenges: President Prabowo Subianto (left) and Vice President Gibran Rakabuming Raka (second left) attend a ceremony on July 1 to mark the 79th anniversary of the National Police at the National Monument (Monas) in Jakarta.

Prabowo vows to elevate Garuda through Boeing deal

Garuda Indonesia saw a US$75.9 million net loss in the first three months of this year.

3 months ago

Signage is pictured outside a car dealership for Japanese automaker Toyota in Tokyo on May 10, 2023.

Markets

Japanese auto exports to US dive in June as tariffs bite

Roughly eight percent of jobs are tied to the auto industry in Japan, which is home to the world's top-selling carmaker Toyota as well as Honda, Nissan and other giants.

3 months ago

Bank Indonesia (BI) Governor Perry Warjiyo addresses a live streamed press briefing on June 18, 2025, following the central bank’s board of governors meeting.

BI urges banks to boost lending amid slowing growth

The central bank is urging banks to boost lending to spur the economy amid a downward trend in credit growth to May, including NPLs and LARs.

3 months ago

Jay Y. Lee, Executive Chairman of Samsung Electronics Co., arrives for the State Dinner in honor of then South Korean President Yoon Suk Yeol, at the White House in Washington, DC, US on April 26, 2023.

South Korea's top court clears Samsung Chairman Lee in 2015 merger fraud case

The Supreme Court's verdict permanently removes a long-running legal distraction for Lee as Samsung plays catch-up in a global race to develop cutting-edge AI chips.

3 months ago

Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris, France, on February 5, 2018.

Trump says Coca-Cola to switch to cane sugar in US

The company currently uses high-fructose corn syrup (HFCS) in its domestic beverages -- a sweetener that has long drawn criticism from Health Secretary Robert F. Kennedy Jr. and his Make America Healthy Again movement.

3 months ago

Taiwan's TSMC says second quarter profit up 60%

TSMC said its net profit for the three months to June soared 60.7 percent from a year ago to NT$398.3 billion (US$13.5 billion).

3 months ago

A man holds an EU flag during a pro-Europe rally in Bucharest, Romania, on March 15, 2025.

EU mega budget hits immediate German opposition

Germany said it was "unable to accept" the $2.3-trillion budget for 2028-2034, which EU chief Ursula von der Leyen called "the most ambitious ever proposed".

3 months ago

A 7-Eleven convenience store has a sign in the window reading “Now Hiring“ in Cambridge, Massachusetts, US, on July 8, 2022.

Couche-Tard drops 7-Eleven takeover bid

ACT made an offer last year of nearly $40 billion to create the world's biggest convenience store chain and then sweetened the bid to $47 billion after the Japanese firm rebuffed the approach.

3 months ago

Field check: Former Trade Minister Zulkifli Hasan visits Klender traditional market in East Jakarta on June 22 to check the prices of basic commodities, especially cooking oil.

Regulations premium

Rural co-ops to enjoy interest rate of just 6% on KMP microloans, Zulkifli says

As the government rushes ahead to meet the KMP program's launch date on July 21, it risks leaving behind necessary legal support, including a Finance Ministry regulation currently being drafted and the Cooperatives Law revision being deliberated at the House.

3 months ago

A woman walks past a screen displaying Japan's Nikkei share average outside a brokerage in Tokyo on July 8, 2025.

Markets

Asian stocks drift before tech earnings as Fed drama confounds

Initial news that US President Donald Trump was likely to fire Powell soon sent stocks and the dollar sliding.

3 months ago

Visitors look at a textile machine during an international textile exhibition in Sawah Besar, North Jakarta, on March 23, 2024.

Domestic concerns loom as businesses cheer on US-RI deal

Some economists have flagged potential risks, particularly for foreign investors and manufacturers operating in the country, with the influx of duty-free products from the US.

3 months ago

Bank Indonesia (BI) Governor Perry Warjiyo talks during a livestreamed press briefing after the monthly Board of Governors meeting in June.

BI cuts benchmark rate by 25 bps as stars align

The central bank views the deal Jakarta made with Washington as bringing “a positive result” overall, be it in terms of economic growth, trade balance or its impact to the financial market.

3 months ago

Containers of Dutch tech giant ASML, which supplies chipmaking machines to the semiconductor industry, are pictured in Veldhoven, Netherlands, on March 27, 2024.

ASML warns it may not achieve growth in 2026, shares drop

The direct and indirect impact of tariffs are still very uncertain, CFO Roger Dassen said in the interview, ASML was working with its supply chain to mitigate any impact.

3 months ago

Children play on July 15, 2022, along train tracks running through a shantytown in Pejompongan, Central Jakarta.

BPS delays releasing poverty data ‘to ensure accuracy’

The BPS has delayed the release of its poverty rate data for March 2025 “to ensure the accuracy and the quality of the data”, but the third such delay in government data this year could unsettle the market, experts have warned.

3 months ago

Bank Indonesia Governor Perry Warjiyo speaks during a press conference at the central bank's headquarters in Jakarta, on January 15, 2025.

Regulations

BI slashes rates again to boost growth

The rupiah was under pressure in the first half of the year, trading near its lowest levels since the Asian financial crisis on the back of US President Donald Trump's sweeping tariffs.

3 months ago

Exploring tax potential: The Communications and Digital Ministry has revived a plan to set up a council to monitor social media content. (Pexel/Tracy Le Blanc)