TheJakartaPost

Kadin congress settles Arsjad, Anindya leadership feud

Anindya is the sole candidate for the chairmanship, as Arsjad said in November that he would not seek re-election at Thursday’s congress. ...

4 months ago

China's economic growth surpasses forecasts on stimulus push

China's economy ended 2024 on better footing than expected helped by a flurry of stimulus measures, although the threat of a new trade war with the United States and weak domestic demand could hurt confidence in a broader recovery this year. ...

4 months ago

The Latest

Retirees line up receive their monthly pension payments in Jakarta on Feb. 15, 2011.

BPJS raises pension age to ensure its long-term solvency

Pension age hike could result in a longer “waiting period” for workers who retired before the age of 59, delaying their access to the state-run pension program’s benefits.

4 months ago

A screen at the Indonesia Stock Exchange (IDX) in Jakarta shows stock quotes on Jan. 2, 2025. The IDX Composite (IHSG) closed 0.39 percent higher at 7,107.52 on Jan. 16, 2025.

IDX Composite gains 0.39% on positive US inflation data

The IDX Composite closed 0.39 percent higher on Thursday after better-than-expected US core inflation data and a surprise interest rate cut by Bank Indonesia.

4 months ago

River of life: A man sits in front of his makeshift house on the embankment of the Ciliwung River in the Roxy area of West Jakarta on June 27, 2024.

Poverty rate at historic low despite uptick in inequality

Indonesia has recorded a historically low poverty rate, according to the latest survey conducted by Statistics Indonesia (BPS), but inequality worsened slightly and remains particularly high in Jakarta.

4 months ago

Familiar face: Newly appointed chairman of the National Economic Council Luhut Pandjaitan (center) attends the inauguration of cabinet ministers and heads of government agencies at the State Palace on Oct. 21, 2024.

Markets premium

Luhut proposes launching family office program in February

"We have been studying it for a long time, and we don’t want to lose to our neighboring countries,” Luhut said.

4 months ago

Companies premium

Apple has begun work on AirTag factory in Batam, minister says

The US-based tech giant has acquired land for the US$1 billion-facility on Batam Island, according to Indonesia’s investment minister.

4 months ago

People walk past an electronic board displaying Tokyo Stock Exchange figures in Tokyo on Nov. 7, 2024.

Asian stocks follow Wall St higher on welcome US inflation data

Asian markets extended a global rally Thursday after below-forecast US inflation provided a much-needed shot of relief to investors and revived hopes for interest rate cuts this year.

4 months ago

Michelin East Asia and Oceania President Manuel Fafian speaks on Nov. 20, 2024, during a presentation on sustainable tire manufacturing at Michelin Campus in Laem Chabang, Thailand. He emphasized that the French tire maker's commitment to achieving net-zero emissions by 2050.

Companies premium

Indonesian smallholders learn sustainable rubber farming techniques

French tire maker supports Indonesian smallholder farmers to produce natural rubber with a series of sustainable rubber plantation practices and a zero-deforestation program

4 months ago

Hands on: A crafter makes resin-based accessories for smartphones at Kanamizu Craft workshop in Malang, East Java, on Tuesday. The workshop can produce a minimum of 15 accessories, ranging from phone cases to coasters and wall decorations, in a month, and are sold for between Rp 75,000 (US$4.60) and Rp 150,000 apiece.

Companies

Closing the funding gap for women entrepreneurs

Research from the Global Entrepreneurship Monitor (GEM) found that women are 20 percent less likely than men to believe they possess the skills to start a business, even when they have comparable qualifications.

4 months ago

Drivers pose with electric motorcycles during the launch of a joint shuttle service provided by PT GoTo Gojek Tokopedia and PT TBS Energi Utama (Electrum) at The Nusa Dua by ITDC on Oct. 19, 2022, ahead of the Group of Twenty (G20) Bali Summit.

Tech premium

Govt mulls VAT waiver to replace electric motorbike subsidy

As consumers wait to hear word on whether the previous subsidy scheme would continue, the government is thinking of introducting a VAT waiver for new purchases of electric motorbikes.

4 months ago

Barges piled high with coal are seen in the waters of Samarinda, East Kalimantan, on Aug. 16, 2022.

Exports grow 2% in 2024 despite plunge in coal, CPO shipments

Several quite minor export goods happened to see significant growth in 2024 and managed to compensate for a portion of the declines in Indonesia's main export commodities.

4 months ago

Bank Indonesia (BI) Governor Perry Warjiyo arrives at a media briefing on Jan. 19, 2023, at the central bank’s headquarters in downtown Jakarta.

BI surprises markets with rate cut to boost domestic demand

BI Governor Perry Warjiyo says the central bank's unexpected decision to cut rates this month was driven in part by reduced uncertainty surrounding the US policies of the incoming Trump administration.

4 months ago

Visitors look at a model of a
housing complex on April 24, 2024, at an exhibition in Tangerang, Banten.

Japan keen to engage in Indonesia’s housing program, govt claims

The push to build 3 million houses and apartments per year has already attracted investment interest from China, Qatar and the United Arab Emirates (UAE).

4 months ago

People walk near the building of Chinese real estate developer Vanke in the Tongzhou district in Beijing on Dec. 5, 2024.

How Beijing seeks to jump-start wavering economy

As China's economy struggles, officials in Beijing have the arduous task of formulating a policy response that can ensure sustainable growth in what promises to be a challenging year ahead.

4 months ago

Fahri Hamzah, who served as deputy House of Representatives chairman at the time and is now the deputy housing and settlements minister, answers questions from reporters in Jakarta in August 2020.

Prabowo forbids building houses on rice fields

President Prabowo Subianto has prohibited the conversion of rice fields for residential use as the government seeks to prevent a further reduction in plantation acreage while pushing ahead with its massive housing program.

4 months ago

Routine procedure: International arrivals go through customs on May 6, 2024, in Terminal 3 at Soekarno-Hatta International Airport in Tangerang, Banten.

Customs' revenue grew 4.9 percent in 2024

Customs and Excise revenue hit Rp 300.2 trillion (US$19.3 billion) in 2024 and grew 4.9 percent, driven by robust imports, export policy changes and higher tobacco taxes.

4 months ago

Micro, Small and Medium Enterprises Minister Maman Abdurrahman speaks during a coordination meeting on food production in Palembang, South Sumatra, on Jan. 13, 2025. Maman said his ministry was preparing a regulation on the provision of KUR microloans for food production equipment.

MSMEs Ministry preparing special loan for food production tools

The Micro, Small, and Medium Enterprises (MSMEs) Ministry is preparing a new ministerial regulation to allow businesses to take loans for food production tools. This initiative aims to ensure national food security.

4 months ago

A worker harvests oil palm fruit in Pucok Lueng, West Aceh regency, Aceh, on Feb. 4, 2023. In 2024, plantation commodities accounted for approximately 10.2 percent of Indonesia’s total export value, with crude palm oil (CPO) dominating the sector.

Companies premium

Riding the wave: Momentum in Indonesia’s plantation sectors

Indonesia’s CPO production is expected to improve, stabilizing export volumes, although they are likely to remain below historic levels of 26 million to 28 million tonnes.

4 months ago

Tech premium

OJK to set rules for local initial coin offerings by end of year

ICOs are similar to initial public offerings (IPOs) in the stock market, but instead of shares, use coins to raise funds. These coins can have utility for financial products, among other things.

4 months ago

Cars pass along Jl. Gatot Subroto in Jakarta on June 19, 2024.

Car sales plunge 14 percent in 2024 as EVs gain ground

Electric vehicle (EV) sales have more than doubled and now make up 5 percent of the market as sales of gasoline-powered cars plunge.

4 months ago

A screen at the Indonesia Stock Exchange (IDX) in Jakarta shows stock quotes on Jan. 2, 2025. The IDX Composite continued its downward trend, falling by 0.86 percent to close at 6,956.66 on Jan. 14, 2025.

IDX Composite extends decline, dropping by 0.86%

The IDX Composite continued its downward trend on Tuesday, falling by 0.86 percent. Foreign capital outflows put significant pressure on the index.

4 months ago

Tech

TikTok calls report of possible sale to Musk's X 'pure fiction'

TikTok on Tuesday labeled as "pure fiction" a report that China is exploring a potential sale of the video-sharing platform's US operations to billionaire Elon Musk as the firm faces an American law requiring imminent Chinese divestment.

4 months ago

Communications and Information Minister Budi Arie Setiadi (center left) shares a light moment with House of Representative Commission I chair Meutya Viada Hafid (center right) of the Golkar Party on Nov. 22, 2023, while signing a draft revision to the 2008 Electronic Information and Transactions (ITE) Law during a meeting in Jakarta.

Tech premium

Government vows to complete AI regulation in three months

The communications minister has vowed to finish drafting a regulation on artificial intelligence in the next three months as Indonesia continues to navigate its policy stance on the advanced technology taking the world by storm.

4 months ago

Passengers look at an electronic board displaying canceled flights after the nearby Mount Lewotobi Laki-laki volcano catapulted ash kilometers into the sky, at I Gusti Ngurah Rai International Airport in Tuban near Denpasar, Bali, on Nov. 13, 2024.

InJourney Airports records 4% passenger growth in 2024

PT Angkasa Pura Indonesia, which operates under the brand InJourney Airports, counted 155.9 million passengers in 2024, namely 118.03 million on domestic routes and 37.9 on international flights.

4 months ago

Tech

China reportedly exploring possible sale of US TikTok to Musk

Chinese officials are exploring a potential sale of US TikTok operations to billionaire Elon Musk as the video-sharing platform faces an American law requiring imminent Chinese divestment, Bloomberg News reported Monday.

4 months ago

A vendor looks at a mobile phone while waiting for frozen squid to defrost in Muara Baru Modern Fish Market in Penjaringan, North Jakarta, on Sept 14, 2019.

Businesses fret over extended export earnings lockup

Indonesian businesses have expressed concern over a new regulation on export receipts (DHE) that they say disrupts their cash flow and ultimately jeopardizes their global competitiveness.

4 months ago

Workers load a motorcycle onto a train on April 3, 2024, at Jakarta Gudang
Station.

Markets premium

Two-wheeler sales see slight uptick amid sluggish 2024

The motorcycle industry expects 2025 will be challenging, partly due to multiple additional taxes for new purchases levied by regional governments.

4 months ago