TheJakartaPost

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. ...

8 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. ...

8 months ago

The Latest

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.

8 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.

Companies premium

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.

8 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.

8 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.

8 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.

8 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.

8 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).

8 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".

8 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.

8 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.

8 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.

8 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.

8 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.

8 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.

8 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.

8 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.

8 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)

Govt eyes social media to boost tax revenue

The Finance Ministry projects state revenue will fall short of the target set in the 2025 state budget, citing weak tax receipts, declining commodity prices and recent policy changes.

8 months ago

A staff of a small shoe manufacturer makes their new products as they make an introductory video to be posted on social media in Bogor, West Java, on September 27, 2023.

Indonesian shoemakers fear Trump tariffs despite lower levy

Indonesia is the third-largest footwear exporter to the US behind China and Vietnam, according to the Observatory of Economic Complexity.

8 months ago

Coordinating Economic Minister Airlangga Hartarto (second left) waves to journalists as he leaves the stage along with Deputy Investment and Downstream Minister Todotua Pasaribu (left), National Economic Council (DEN) deputy head Mari Elka Pangestu (second right) and Second Deputy Foreign Minister Arrmanatha Nasir (right) during a press briefing on April 14, 2025, after a meeting about the United States tariff negotiation held at Airlangga's office in Jakarta.

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.

8 months ago

Minister of Finance Sri Mulyani Indrawati (center) accompanied by Deputy Ministers Thomas Djiwandono (second left) and Suahasil Nazara (second right) answered reporters' questions during a press conference on the results of the SUN auction at the Office of the Directorate General of Taxes (DGT), Jakarta, on Tuesday, March 18, 2025.

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.

8 months ago

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.

8 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.

8 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.

8 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.