TheJakartaPost

Indonesia says US trade deal reached after 'extraordinary struggle'

Trump outlined an Indonesia deal similar to a preliminary pact struck recently with Vietnam, with a flat tariff on exports to the US roughly double the current 10 percent and no levies on US exports to Indonesia. ...

3 months ago

Bond market outlook: Stability through volatile times

High yields, stable macro conditions, pro-market policy support and solid institutional demand keep the domestic bond market relevant. ...

3 months ago

The Latest

A technician checks a pipeline valve at the onshore receiving facility (ORF) of state-owned natural gas company PT Pertamina Gas in Porong, Sidoarjo, East Java.

Regulations premium

Industry group decries supply shortage, high prices in cheap gas program

The HKI is urging the government to fulfill its fixed priced for industrial gas, or else open the door to imports if the available domestic supply was not enough to meet demand.

3 months ago

Rescue workers insert a hose to extract water from an illegal gold mining pit on July 26, 2023, at Pancurendang village in Banyumas, Central Java, in an effort to rescue eight miners trapped underground.

Gold boom, policy missteps fuel rise in deadly illegal mines

Indonesia faces a major dilemma between regulating illegal mining to protect the environment and safeguarding the livelihoods of people who depend on this activity.

3 months ago

U.S. President Donald Trump speaks before signing a resolution approved by Congress to rescind the EPA's 2023 approval of California's plans to require a rising number of zero-emission heavy-duty trucks, and another resolution on California's low-NOx, or low-nitrogen oxide, regulation for heavy-duty highway and off-road vehicles and engines, at the White House in Washington, D.C., U.S., June 12, 2025.

Trump says Indonesia to face 19 percent tariff under trade deal

Goods that have been transshipped to avoid higher duties will face steeper levies.

3 months ago

The Oyong wellhead platform stands in the Sampang Block, located off the coast of East Java in the Madura Strait, in this undated photo.

Lower US tariffs clincher for $15.5b energy import deal, minister says

Indonesia's negotiation team has proposed a US$15.5 billion oil and gas import deal as part of ongoing tariff talks in Washington, though whether this comes to pass is dependent on Washington lowering the country's current tariff rate of 32 percent.

3 months ago

Click and buy: A Jakarta resident uses a device to shop on a local e-commerce platform on June 15. The digital market continues to thrive in Indonesia and Asia in general.

Tech premium

Govt requires e-commerce to collect income tax from sellers

Online merchants are required to report their sales invoice information to the e-commerce platform, which will then forward it to the Tax Directorate General.

3 months ago

Nvidia CEO Jensen Huang present NVIDIA Blackwell platform at an event ahead of the COMPUTEX forum in Taipei, Taiwan on June 2, 2024.

Companies

Nvidia says it will resume sales of 'H20' AI chips to China

The US government has assured Nvidia that licenses will be granted, the firm confirmed in a statement.

3 months ago

Workers are seen on a scaffolding at the construction site of the Liuqing Railway in Anqing, in eastern China's Anhui province on June 2, 2025.

China's Q2 GDP growth tops forecast even as US tariff risks mount

Industrial output grew 6.8 percent year-on-year in June, beating forecasts, but retail sales growth slowed.

3 months ago

European Union flags flutter on the day European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council's monetary policy meeting in Frankfurt, Germany, on Sept. 12, 2024.

EU says could target $84 billion of US goods if tariff talks fail

The move came after US President Donald Trump threw months of painstaking negotiations with the EU into disarray by threatening to impose tariffs of 30 percent on the bloc's goods if there is no deal by August 1.

3 months ago

President Prabowo Subianto (left) and European Commission President Ursula von der Leyen (right) announce the "political agreement" of the Indonesia-EU Comprehensive Partnership Agreement (IEU-CEPA) on July 14, 2025 in Brussels.

US tariff pressure melts frozen RI-EU trade talks

Both sides looking for more reliable partners to offset ‘unpredictable’ US policy.

3 months ago

A student carries lunch boxes on the first day of a free meal program at a Muhammadiyah high school in Sidoarjo, East Java, on January 6.

Companies premium

Muhammadiyah channels funds into new rural sharia bank

The OJK hoped that the conversion of BSM could pave the way for the merger of other rural banks under Muhammadiyah, eventually forming a fully-fledged sharia bank.

3 months ago

Maman Abdurrahman, minister of micro, small and medium enterprises (MSMEs), gestures as he leaves the Corruption Eradication Commission (KPK) in South Jakarta on July 4, 2025, after he was questioned over official correspondence related to his wife's trip to several European cities.

Regulations premium

Govt to increase 2026 microloan cap to Rp 430t to boost homeownership

In line with President Prabowo's "3 million homes" program, the MSMEs and housing ministries are preparing to devise a special microcredit scheme for housing next year with a cap of Rp 430 trillion.

3 months ago

A woman holds euro banknotes in this illustration taken May 30, 2022. The euro hit parity against the US dollar on July 13, 2022.

Markets

Euro zone bond yields touch April high after EU gets 30% tariff

For its part, the EU has already prepared a list of tariffs worth 21 billion euros ($24.5 billion) on US goods if the two countries fail to reach a trade deal, Italian Foreign Minister Antonio Tajani said on Monday.

3 months ago

South Korea's President Lee Jae-Myung talks during a meeting with party leaders after the presidential inauguration ceremony at the National Assembly in Seoul on June 4, 2025.

South Korea says framework US trade deal possible by August, farm market access on table

South Korea is in a race to reach a compromise trade pact in the hope of avoiding a 25 percent tariff slapped on its exports by Trump that is set to kick in on August 1, after a late start to negotiations with a new president voted in last month.

3 months ago

European Commission President Ursula von der Leyen attends a meeting with representatives of the European car industry as part of a Strategic Dialogue on the Future of the European Automotive Industry in Brussels, Belgium on Monday, March 3, 2025.

EU ministers weigh response to latest Trump tariff threat

EU officials insist the bloc remains clear-eyed on the challenges of dealing with the unpredictable US leader, and ready to hit back.

3 months ago

Shipping containers are stacked on April 12, 2024, at a port in Lianyungang, in
eastern China's Jiangsu province. Chinese exports plunged more than expected in
March, official figures show, as the world's second-largest economy struggles to
sustain its post-pandemic recovery.

China exports soared in June, beating forecasts

Data from the General Administration of Customs said exports rose 5.8 percent year-on-year, topping the five percent forecast in a Bloomberg survey of economists.

3 months ago

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, US, on April 9, 2025.

Markets

Wall St slips with Asia stocks as US trade policy confounds

Investors have become largely inured to Trump's chaotic policy methods and stocks eased only modestly.

3 months ago

Holding its own: Electronics company PT Pegatron Technology Indonesia, pictured above, began operating plants in the Batamindo Industrial Zone in Batam, Riau Islands, in 2019.

Companies premium

US tariffs put ‘significant pressure’ on RI industrial estates

Industrial estate managers say US import tariffs and anti-China trade policies are a burden on their business, forcing them to resort to operational and regulatory measures, as well as diversification, to ensure their global competitiveness.

3 months ago

Traffic-free: Commuters ride the MRT at Setiabudi, South Jakarta, on Jan. 5, 2023.

MRT Jakarta to launch tender for $3b east-west line in Q4

The tender will prioritize Japanese firms, as the project is being financed by the Japan International Cooperation Agency (JICA) with cofinancing from the Asian Development Bank (ADB).

3 months ago

The car carrier ship Oceanus Highway is moored at the harbor of Bremerhaven, northern Germany, on June 12, 2025. Bremerhaven is the biggest German port for the automotive industry and the second-largest container port of Germany and thus a hub for a wide range of im- and export products.

Trump says Mexico, EU to face 30% tariff from Aug. 1

President Donald Trump on Saturday targeted Mexico and the European Union with steep 30 percent tariffs, dramatically raising the stakes in already tense negotiations with two of the largest US trading partners.

3 months ago

Shipping containers are stacked at the Red Hook Container Terminal on April 30, 2025, in New York City, US.

US customs duties top $100 billion for first time in a fiscal year

US customs duty collections surged again in June as President Donald Trump's tariffs gained steam, topping $100 billion for the first time during a fiscal year and helping to produce a surprise $27 billion budget surplus for the month, the Treasury Department reported on Friday.

3 months ago

An illustrative picture shows icons of artificial intelligence chatbot apps on a smartphone screen in Oslo on July 12, 2023.

Tech premium

As users surge, Indonesia falls short on AI talent

Indonesia is among the top countries globally in the number of artificial intelligence (AI) users but lags far behind in AI development, revealing a yawning digital talent gap.

3 months ago

President Prabowo Subianto looks on during the first plenary session of the BRICS summit in Rio de Janeiro, Brazil, on July 6. BRICS leaders meeting in Rio de Janeiro on Sunday are expected to take a stance against United States President Donald Trump's “indiscriminate“ trade tariffs, saying they are illegal and risk hurting the global economy.

Regulations premium

Prabowo seeks meeting with Trump as tariff looms

The government says it remains in negotiations to secure a trade deal with Washington before the Aug. 1 deadline.

3 months ago

Indonesian Military (TNI) soldiers harvest rice under the command of Gen. Agus Subiyanto in Deli Serdang regency, North Sumatra, on July 10.

BGN wants extra Rp 118t to fund free meals program in 2026

The National Nutrition Agency (BGN) has requested an additional Rp 118 trillion (US$7.27 billion) to finance the free nutritious meals (MBG) program through the end of 2026, citing a projected shortfall in the initial budget allocation.

3 months ago

Growing partnership: President Prabowo Subianto (left) shakes hands with his Brazilian counterpart Luiz Inácio Lula da Silva on Wednesday during the bilateral meeting between both countries' delegations at the Planalto Presidential Palace in Brasilia. Among members of the Indonesian delegation are (from left to right) Cabinet Secretary Teddy Indra Wijaya, Coordinating Food Minister Zulkifli Hasan and Energy and Mineral Resources Minister Bahlil Lahadalia.

Prabowo presses for Latin America trade pact as US tariff threat rises

In 2023, Indonesia exported US$1.5 billion worth of goods to Mercosur countries, ranging from coconut and crude palm oil to vehicle parts, while imports from the bloc reached $6.2 billion, dominated by oil cake, sugarcane and wheat.

3 months ago

Motorists ride past a screen showing the gross domestic product (GDP) in the Jing'an district of Shanghai, China, on April 9, 2025.

China's economy likely grew 5.2% in Q2 despite trade war, poll shows

China's economy is expected to have expanded more than five percent in the second quarter thanks to strong exports, analysts say, but they warned Donald Trump's trade war could cause a sharp slowdown in the final six months.

3 months ago

US President Donald Trump displays a signed executive order imposing tariffs on imported goods during a “Make America Wealthy Again“ trade announcement event in the Rose Garden at the White House in Washington, DC, on April 2, 2025.