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Jakarta Post
Economy premium

Fiscal deficit far below 3% ceiling in October despite strong monthly rise

According to the latest budget figures presented by Finance Minister Purbaya Yudhi Sadewa, the state budget deficit remains well below the full-year ceiling with just two months left in the calendar year, which the minister attributes to fiscal discipline.

1 month ago
Regulations premium

Manpower Ministry imposes Rp 7 billion in fines over foreign worker hiring

Most cases flagged through the ministry’s new labor complaints platform, Lapor Menaker, are tied to industrial relations and wages, followed by cases involving social security and working hours. ...

1 month ago
Tech premium

RI looks to partner with Malaysia, Singapore for cross-border data center

The government plans to enter an agreement with Malaysia and Singapore to develop a cross-border data center that will also serve as a buyer of clean power from Indonesia, according to Coordinating Economy Minister Airlangga Hartanto.   ...

1 month ago

The Latest

Markets

Stocks crumble as US jobs fail to clear Fed outlook, tech hammered

Asian shares extended a global rout on Friday as the much-anticipated US jobs data failed to provide clarity on the near-term path for interest rates, with investors returning to dumping risk assets even after Nvidia's earnings dazzled.

1 month ago
Regulations premium

Govt to impose export tax on gold to pursue revenue, industry growth

The government plans to impose exit duties on gold next year in a bid to increase state revenue and keep more of the precious metal inside the country for saving or further processing.

1 month ago
Tech premium

Cloudflare services may be blocked, govt warns

The Communications and Digital Ministry has warned US-based internet services provider Cloudflare that its services in Indonesia could be blocked over legal compliance issues and allegations that it facilitates gambling websites.  

1 month ago
Economy

Malaysia concludes 2025 chairmanship, strengthening ASEAN centrality

Malaysia’s leadership during its Association of Southeast Asian Nations (ASEAN) chairmanship has elevated the bloc’s global standing and reinforced its centrality through strong diplomacy, coordinated policy moves and high-level engagement, say analysts.

1 month ago
Economy

World's richest nations are pulling back from global development efforts: Study

Aid and development financing has been cut by many developed economies in favor of defense spending.

1 month ago
Economy premium

Infrastructure, renewables at center of Australia’s RI investment push

Canberra has been pushing firms to engage in high-growth markets in the region through a policy framework called “Invested: Australia’s Southeast Asia Economic Strategy to 2040”.

1 month ago
Companies premium

Construction SOE merger to be concluded by December, govt says

The plan to merge state-owned enterprises (SOEs) in the construction sector was first proposed in 2023 with the aim to strengthen the building companies’ stretched finances.  

1 month ago
Companies

Small spends, big impact: Why every tourism dollar matters

Frequent travelers might be familiar with this scenario: skipping a cute souvenir stand or a cozy coffee shop not because they didn’t want to spend money, but because the stores were strictly cash-only and they were short on local currency.

1 month ago
Markets

Stocks rally as bumber Nvidia report offsets Fed rate concern

Asian markets rallied Thursday after blowout earnings from chip powerhouse Nvidia cooled worries over an AI bubble and overshadowed a Federal Reserve report that dealt a blow to hopes for a December interest rate cut.

1 month ago
Regulations premium

Financial strain in coal sector threatens methane reduction goal

Expended underground mining is jeopardizing the coal industry’s and the government’s commitment to the Global Methane Pledge, a pact to cut methane emissions by at least 30 percent by 2030.

1 month ago
Regulations premium

BI holds rate steady, projects higher GDP growth

Bank Indonesia (BI) has kept its benchmark interest rate unchanged for a second month after recently decreasing it by 25 basis points (bps) in each of three consecutive meetings. The central bank has revised up its gross domestic product projection for the year.

1 month ago
Regulations premium

ADB approves $470m loan to accelerate RI’s clean energy shift

The Asian Development Bank (ADB) has approved a $470 million results-based loan for state-owned electricity provider PLN to expedite Indonesia’s transition to renewable energy.

1 month ago
Regulations

US charges ex-investment banker, others in global insider-trading scheme

United States prosecutors on Tuesday unveiled charges against eight men accused of belonging to a global network that made tens of millions of dollars trading on inside information about the finances and merger plans of numerous companies for years.

1 month ago
Economy premium

Govt to send 500,000 workers abroad in 2026, backed by Rp 25t budget

To kick off the program, the government will dispatch 500 prospective workers who completed training in December.

1 month ago
Tech

Meta defeats antitrust case over Instagram, WhatsApp acquisitions

The ruling gives Big Tech its first decisive win against the antitrust crackdown started in President Donald Trump's first term and is a major setback for the US Federal Trade Commission.

1 month ago
Economy premium

Tourism minister eyes $18 billion in revenue this year, beating target

The Tourism Ministry, along with the Transportation Ministry, is upbeat about the coming peak travel season over Christmas and New Year's, expecting both visitor numbers and revenue to exceed initial targets to reach a projected 15 million arrivals and $18 billion in forex earnings.

1 month ago
Companies

Meta wins major antitrust case as US judge rules no monopoly

A US judge dismissed the federal government's antitrust lawsuit against Meta on Tuesday, ruling that the tech giant's acquisition of Instagram and WhatsApp did not constitute an illegal monopoly in social media.

1 month ago
Regulations premium

Court bans 190-year concessions, adding to Nusantara doubts

The Constitutional Court struck down a legal provision allowing developers in Indonesia’s future capital to hold land rights for up to 190 years, adding uncertainty for investors already wary of the megaproject.

1 month ago
Economy premium

EU ambassador: Lots of mutual homework ahead of CEPA enactment

EU Ambassador to Indonesia and Brunei Darussalam Denis Chaibi sat down with The Jakarta Post’s M. Taufiqurrahman, Mark Lempp and Deni Ghifari on Friday to discuss what’s next in the process and how it will change the trade landscape.

1 month ago
Economy premium

Growth story: Taking a big leap in the fourth quarter

The fourth quarter, which historically provides a seasonal boost for the economy, offers a window for Indonesia to strengthen its performance and move closer to the full-year government growth target of 5.2 percent.

1 month ago
Companies

PT Vale showcases Indonesia’s world-class sustainability, climate-aligned nickel at COP30

As global governments and organizations convene at the 30th United Nations Climate Change Conference (COP30) in Belém, Brazil, Indonesia is stepping into the limelight as a model for sustainable, low-carbon nickel development.

1 month ago
Economy premium

Indonesia still ‘bright spot’ in troubled world economy: IMF

The International Monetary Fund has praised Indonesia for maintaining economic growth and containing inflation amid mounting pressure from external factors but emphasizes that the country needs the right “policy mix” to secure the future.

1 month ago
Economy

US is the biggest recipient of Chinese loans, study shows

The report, published on Tuesday by AidData, a research lab at US university William & Mary, said China's lending and grant giving totalled $2.2 trillion across 200 countries in every region of the world from 2000 to 2023. 

1 month ago
Regulations

ILO wracked by 'unprecedented' crisis: director-general

The International Labour Organization is facing a "serious" and "unprecedented" financial crisis as it grapples with dramatic cuts in international funding, its chief warned Monday.

1 month ago
Economy premium

Footwear exports to US unaffected by latest scare, radiation task force says

A spokesperson for the government's anti-radiation team has said that aside from two footwear shipments linked to the same contamination source in Banten, no other incidents have been reported in recent weeks.

1 month ago
Regulations premium

Coal miners demand price review as govt mulls higher DMO quota

Mining firms are urging the government to revise the domestic coal price benchmark, arguing that rising production costs make the current domestic market obligation (DMO) scheme unviable, even as authorities consider raising the mandatory sales quota.

1 month ago
Companies premium

Medco eyes green power exports to Singapore in 2028

PT Medco Power Indonesia plans to export its first green electricity to Singapore in 2028 as part of a broader strategy to tap the country’s vast renewable energy potential and rising regional demand.

1 month ago

Today's ePost

Wed, December 24, 2025

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