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Jakarta Post
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.

4 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. ...

4 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. ...

4 months ago

The Latest

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.

4 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.

4 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.

4 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.

4 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.

4 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.

4 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.

4 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.

4 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.

4 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.

4 months ago
Economy premium

Indonesia pitches green energy investments at WEF meeting

During a side event at the ongoing WEF Annual Meeting, the government promoted Indonesia as a destination for renewables investments, highlighting its abundant energy sources and sustainability principles as it aims to achieve energy self-sufficiency.

4 months ago
Markets

Most Asian markets extend AI-fueled rally

Asian equities mostly rose Thursday, cheered by another tech-fueled run-up on Wall Street after Donald Trump's huge AI investment announcement, as traders assessed the outlook for the next four years under the new president.

4 months ago
Regulations premium

Govt plans to require banks, financial firms to fund downstream projects

The energy and mineral resources minister has said the government will not intervene in lowering the cost of financing and that downstream projects could bring a much earlier break-even point and better returns than other projects.

4 months ago
Companies premium

Riding the uncertainties: Maintaining Indonesia's economic resilience

Amid global pressures, Indonesia’s economic growth in 2024 and 2025 is projected to remain stable at around 5.0 percent to 5.1 percent. One of the main challenges lies in uneven domestic consumption patterns.

4 months ago
Regulations premium

Global minimum tax means RI needs other incentives to lure investors

The global minimum tax aims to prevent a race to the bottom where countries outdo one another by lowering taxes for multinational companies, but it means Indonesia must rely on other incentives to lure investors. However, the effectiveness of the arrangement is in doubt after United States President Donald Trump declared it “has no force or effect” in the US.

4 months ago
Companies premium

Saratoga eyes four subsidiaries to go public on IDX

Those portfolios include cold-chain service provider MGM Bosco Logistics, solar energy company Surya Energi, beauty clinic ZAP Clinic and Brawijaya Healthcare. 

4 months ago
Tech premium

eFishery reportedly inflated revenue by millions of dollars

The revelations have shaken Indonesia’s start-up ecosystem, which is already under pressure from declining valuations and investor skepticism.

4 months ago
Regulations premium

How e-commerce transactions, utility bills affect credit scores: OJK

The Financial Services Authority (OJK) has explained new rules for innovative credit scoring (ICS) to assess the creditworthiness of people and small businesses that lack traditional credit histories.

4 months ago
Regulations premium

RI to earmark Rp 48 trillion for IKN development for next five years

The budget, proposed by the Nusantara Capital City (IKN) Authority, would include allotments to build legislative, judiciary buildings and other facilities as well as to fund building maintenance.

4 months ago
Markets

China and Hong Kong stocks tumble on Trump's tariff threats

China and Hong Kong stocks weakened on Wednesday after US President Donald Trump hinted at potential new tariffs on Chinese imports, ending a brief reprieve for the markets.

4 months ago
Economy premium

Govt to require exporters to keep 100% earnings onshore for a year

President Prabowo Subianto has “greenlit” the new arrangements and the government will soon introduce an implementing regulation, Airlangga said.

4 months ago
Companies premium

After Bank Victoria Syariah deal, BTN open for more Islamic bank acquisitions

Bank Tabungan Negara (BTN) has announced plans to grow further in the Islamic banking industry following its recent acquisition of Bank Victoria Syariah (BVS).

4 months ago
Economy premium

Govt considers additional funding for free meals program

The government is considering seeking additional funding to achieve this year’s full recipient target for President Prabowo Subianto’s flagship free nutritious meals program amid struggles to cover ballooning costs.

4 months ago
Regulations premium

Govt pitches RI for factories relocating from China to evade US tariffs

Deputy Industry Minister Faisol Riza said Trump’s tariff policies were likely to push Chinese businesses to shift operations to Southeast Asia to maintain access to the United States market.

4 months ago
Markets premium

Prabowo vows no more fuel imports by end of his presidency

At Monday's ceremony to inaugurate 37 electricity projects in Sumedang, West Java, the President doubled down on his promise to end fuel imports as part of his administration's food and energy self-sufficiency drive.

4 months ago
Regulations premium

Qatari firm to invest up to $20 billion in 1 million housing units: Hashim

Coming from a Qatari private entity, the investment is estimated at US$16,000 to $20,000 per apartment unit.

4 months ago
Economy

Hong Kong and Indonesia strengthen ties, expand megalopolis of the East

To promote business collaboration and bilateral cooperation between the Hong Kong Special Administrative Region (HKSAR) and Indonesia, Mr Paul Chan, Financial Secretary of the HKSAR, visited Indonesia from January 8 – 10.  Jakarta Post had an exclusive interview with him.

4 months ago
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Today's ePost

Wed, May 28, 2025

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