Apple expects US tariffs to cost $900 million in the current quarter, even though their impact was "limited" at the start of this year, chief executive Tim Cook said on an earnings call.
5 hours agoA plan to review the subsidy program for a possible extension has been shelved as the government awaits clarity on the impact of US trade policies. ...
1 day agoThe Indonesian Furniture and Craft Association (HIMKI) says a new rule imposed by the Indonesian Quarantine Agency that extends its commodity list will hamper the export of furniture and handicrafts. ...
1 day agoBPJS Kesehatan members might need to brace for a rate hike next year, the health minister has said, though the actual figure is yet to be determined.
2 months agoFollowing the fatal accident on Tuesday at the Ciawi 2 Tollgate, experts stressed the urgency of implementing the zero ODOL policy to reduce accident risks, improve fuel efficiency and safeguard road safety.
2 months agoIn another policy flip-flop that led to long lines of people waiting to buy subsidized LPG at retailers and distributors, the energy ministry is now forming a new agency to oversee distribution of the subsidized cooking gas to authorized sellers.
2 months agoThe government's move to temporarily halt both the rice aid and SPHP programs is part of a strategy to boost farm gate prices, while the President has vowed that the state would close down and take over the operations of noncompliant mills.
2 months agoQatar plans to help finance the government’s national housing program with an expected investment of US$20 billion.
2 months agoThe new SOEs Law positions Danantara as the primary "executing agency" for SOE management, while the SOEs minister’s role is limited to oversight through the supervisory board.
2 months agoThe Public Works Ministry is set to face a budget cut of over 70 percent by the Finance Ministry, following President Prabowo Subianto’s instruction to save funds for other priority programs.
2 months agoThe government previously increased the government purchase price to Rp 6,500 (40 US cents) per kilogram, which was deemed a reasonable figure to ensure welfare for smallholders.
2 months agoIndustry association ASI has called for stricter enforcement of the moratorium on new factories as well as more targeted application of the policy to protect cement producers.
2 months agoThe Kadin advisory board chair has proposed the new bond scheme as an alternative to a tax holiday for repatriating overseas funds to fund the "3 million homes" program of President Prabowo, his brother.
2 months agoNational housing task force head Hashim Djojohadikusumo said on Jan. 20 that people would still need to pay installments for housing units provided by the program.
2 months agoPresident Prabowo Subianto kicked off his term with promises to make Indonesia less dependent on fuel and food imports by ramping up renewable energy supply and building massive agricultural estates, sparking hope but also skepticism as predecessors have tried the same, and failed.
2 months agoCanadian and Mexican exports to the United States will face a 25 percent tariff, although energy resources from Canada will have a lower 10 percent levy. Goods from China, which already face various rates of duties, will see an additional 10 percent tariff.
3 months agoFully implemented at the turn of the year, Coretax is a new tax administration system that is meant to tame Indonesia’s notoriously complicated taxation jungle, which can then translate into improved compliance and increased revenue.
3 months agoExtreme rain with lightning and strong winds on Tuesday and Wednesday disrupted flights at Soekarno-Hatta International Airport in Tangerang, Banten, with authorities diverting at least 23 flights to other airports for safety reasons.
3 months agoEmerging from their first policy meeting during President Donald Trump's second term in the White House, Powell said Fed officials are "waiting to see what policies are enacted" before judging the effects on inflation, employment and overall economic activity.
3 months agoExperts warned that prolonged setbacks could erode foreign investors' confidence in the country's SOEs governance.
3 months agoFreeport-McMoRan CEO Kathleen Quirk said last week that the miner would not be affected by any copper tariffs as they sell all their US copper domestically and their Indonesian metal goes to Asia. But she worried about any potential inflationary effects of copper tariffs.
3 months agoThe Prabowo administration's first 100 days indicate a potential for accelerated debt accumulation to help finance the President's free meals and housing programs, economists say, pointing to a fine balance between spending and revenue generation in the coming years to 2029.
3 months agoThe 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.
3 months agoThe 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.
3 months agoThe 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.
3 months agoThe 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.
3 months agoThe 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.
3 months agoThe 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.
3 months agoDeputy 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.
3 months agoComing from a Qatari private entity, the investment is estimated at US$16,000 to $20,000 per apartment unit.
3 months agoIndonesia opened its carbon exchange to international buyers on Monday, aiming to raise funds to help meet ambitious domestic climate goals.
3 months agoAustralia will reward power-guzzling aluminum smelters that use renewable electricity instead of coal, Prime Minister Anthony Albanese said Monday as he unveiled a US$1.2 billion green metals plan.
3 months agoThe Jakarta branch of the Indonesian Chamber of Commerce and Industry (Kadin) said that the government’s plan to stop issuing new groundwater extraction permits to businessmen in the Greater Jakarta area is expected to badly impact businesses.
3 months agoShare your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.