TheJakartaPost

Govt nets $423m in tax blitz, targets $3.6b by year-end

This aggressive stance comes as tax revenues have reached only 54.7 percent of the annual target in August and contracted 5.1 percent year-on-year.

11 hours ago

Consumer confidence slips to new record low amid weak job market

Consumer views on their current income situation and plans to buy durable goods weakened, while perceptions of job availability dropped deeper into pessimistic territory.

13 hours ago

The Latest

IMF Managing Director Kristalina Georgieva speaks at the Milken Institute ahead of the World Bank and International Monetary Fund annual meetings in Washington, DC, on Oct. 8, 2025.

Economy

World economy not doing as badly as feared, IMF chief says

The global economy is doing better than expected, even as it faces prolonged uncertainty and underwhelming medium-term growth prospects, the head of the IMF said Wednesday.

16 hours ago

Environment Ministry officers place barriers in the area of PT PMT, which is suspected to be the source of Cesium-137 radioactive contamination in the Cikande Industrial Estate, Banten, on Sept. 11, 2025.

Health scare taints Indonesia’s export reputation

Radioactive and carcinogenic contamination has prompted foreign buyers to become more cautious, tightening inspections or even delaying contracts with local suppliers, industry players claimed.

20 hours ago

People look for job information at the JobFest 2025 employment fair held on Aug. 19 at the Jakarta International Velodrome.

Indonesia struggles to create jobs for its youth

According to research from the World Bank, one out of seven young Indonesians may find themselves out of work.

1 day ago

A VW employee presents the new model of the electric Volkswagen ID 3 car of German carmaker Volkswagen at the Transparent Factory (Glaeserne Manufacturer) production site in Dresden, eastern Germany on March 1, 2023.

Economy

German industrial output posts biggest decline in more than three years

Industrial production fell by 4.3 percent compared with the previous month, the federal statistics office said on Wednesday, the biggest fall since March 2022, just after Russia's invasion of Ukraine. Analysts polled by Reuters had predicted a 1.0 percent fall.

1 day ago

People shop at a mall in Serang, Banten, on April 9, 2023.

Regulations

Prioritizing the short term

Recent indicators suggest that Indonesia's recent challenges are centered on declining purchasing power.

1 day ago

tech

Coordinating Economy Minister Airlangga Hartanto (three from the left) pose for a picture with ASEAN representatives following a press conference on the ASEAN Digital Economy Framework Agreement (DEFA) 14th negotiations round in Jakarta on Oct. 7, 2025.

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ASEAN to implement digital pact by 2026, senior minister says

Construction proceeds on June 29 at the prospective site of Southeast Asia's largest battery industry project, inaugurated by President Prabowo Subianto, in Karawang, West Java.

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Strategic shift crucial for RI’s EV ambitions

Children play in the yard of the Pasar Rumput Simple Rental Apartments (Rusunawa) on May 4, 2020 in Jakarta.

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Govt, property startup push rent-to-own for priced-out middle class

tech

Govt suspends TikTok registration over data sharing failures, ministry says

The government has suspended TikTok's registration to provide electronic systems after the company failed to hand over all data relating to the use of its live stream feature, a government official said on Friday.

6 days ago

Customers make payments using QRIS (Quick Response Code Indonesia Standard) at a merchant in Tulungagung, East Java, on Aug. 21, 2025.

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BI to link QRIS with Alipay, WeChat standards in China push

Illustration of servers in a data center.

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Data center players push for stricter backup, battery safeguards after Korea fire

Authorities have repatriated and detained Adrian Asharyanto Gunadi, the former chief executive of peer-to-peer (P2) lending firm PT Investree Radhika Jaya (Investree), over allegations of illegally raising at least Rp 2.7 trillion (US$165 million) from the public without approval, the country’s financial regulator said on Friday.

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Authorities detain ex-Investree CEO over $165m fraud probe

economy

Finance Minister Purbaya Yudhi Sadewa provides information regarding the economic package program after a coordination meeting with President Prabowo Subianto at the Presidential Office in Central Jakarta on Sept. 15.

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Govt nets $423m in tax blitz, targets $3.6b by year-end

Consumer chooses medicine at a Hypermart in Jakarta, on March 26, 2025. Imports of pharmaceutical raw materials are estimated to increase by 15 percent in the first quarter of 2013 to US$335.8 million from the same period in 2012 of US $292 million, due to high demand for medicine in the domestic market.

premium

Consumer confidence slips to new record low amid weak job market

economy

World economy not doing as badly as feared, IMF chief says

The global economy is doing better than expected, even as it faces prolonged uncertainty and underwhelming medium-term growth prospects, the head of the IMF said Wednesday.

16 hours ago

premium

Health scare taints Indonesia’s export reputation

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Indonesia struggles to create jobs for its youth

economy

German industrial output posts biggest decline in more than three years

1 day ago

economy

WTO hikes 2025 trade growth outlook but tariffs to bite in 2026

AI-related goods and a surge in exports to the United States to beat President Donald Trump's tariff hikes boosted global merchandise trade growth this year, the World Trade Organization said Tuesday.

1 day ago

companies

The Tujuh Bukit gold mine in Banyuangi, East Java, operated by PT Merdeka Copper Gold subsidiary PT Bumi Suksesindo, is pictured on Oct. 25, 2024

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Pani gold reserves climb to 4.8m oz amid record bullion rally

Members of Freeport Indonesia’s mine rescue team continue to search for five workers trapped underground in the Grasberg Block Cave at the company’s copper and gold mine in Mimika regency, Central Papua, in this undated handout photo from September 2025.

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Freeport recovers five more bodies, ending rescue efforts at Grasberg mine

Sriwijaya Capital CEO Hartanto Tjitra (left) and Danantara chief investment officer Pandu Sjahrir (center) hold up memorandums of understanding during a signing ceremony and launch event for the private equity firm on Oct. 2, 2025, alongside Sriwijaya Capital founder chairman Arsjad Rasyid. (Courtesy of Sriwijaya Capital)

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Arsjad Rasjid launches equity firm, links up with Danantara

Employees selling snacks, coffee and oil in front of a Shell gas station in Jakarta wait for customers on Sept. 19, 2025.

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Fuel retailers reject Pertamina's offers amid stock crunch

Then-Pertamina president director Nicke Widyawati (left) and Industry Minister Agus Gumiwang Kartasasmita visit the Dumai refinery in Riau on July 17, 2020.

companies

No supply disruptions after fire at Dumai oil refinery, Pertamina says

State energy firm Pertamina will divert fuel to supply some areas on Sumatra following a fire at its Dumai refinery, a company official said on Thursday, adding there were no supply disruptions.

1 week ago

companies

US offers to buy stakes in Australian critical minerals companies

The US government has offered to buy equity in Australian critical minerals companies as part of a funding package to expand its supply and cut its reliance on China, executives recently returned from Washington said.

1 week ago

Pertamina’s refinery in Balikpapan, East Kalimantan, appears in this undated handout photo.

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Finance minister slams ‘lazy’ Pertamina over refinery development delays

regulations

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Concerns mount over Danantara exec’s dual role as SOE agency head

regulations

Prioritizing the short term

Recent indicators suggest that Indonesia's recent challenges are centered on declining purchasing power.

1 day ago

Finance Minister Purbaya Yudhi Sadewa meets with Riau Islands Governor Ansar Ahmad at the Finance Ministry in Central Jakarta on Oct. 7, 2025.

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Governors press finance minister to reconsider regional budget cuts

regulations

EU channels Trump with tariffs to shield steel sector

The European Union will take a page out of US President Donald Trump's tariff playbook on Tuesday with a plan to hike levies and slash quotas for imported steel -- to protect the bloc's struggling industry from cheap Chinese competition.

2 days ago

A picture taken on July 17, 2024, shows Bank Indonesia's name displayed on a wall of the central bank's Jakarta headquarters.

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Expanded mandate may leave BI with ‘conflicting targets’

President Prabowo Subianto (second right) shakes hands with Attorney General ST Burhanuddin (left) during a ceremony marking the handover of Rp 7 trillion (US$440 million) in assets seized from corruption cases involving tin mining and rare earth extraction.

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Prabowo orders crackdown amid seized asset transfer to state miner

An officer carries Muhammad Nizam, 13, a student suffering from food poisoning after eating government-sponsored free school meals, at a makeshift clinic inside a district's hall in Bandung, West Java, Sept. 25, 2025.

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Finance minister insists on cutting budget for free meals program

markets

Gold builds on historic rally, soars past $4,000/oz for first time

Gold pushed through US$4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the US Federal Reserve.

1 day ago

Big-spending next Japan PM Takaichi boosts stocks

Japanese stocks and bond yields soared and the yen fell on Monday, after conservative China hawk and potential big-spender Sanae Takaichi won the leadership of the ruling party.

3 days ago

Shrimp industry suffers after radioactive case, association says

The shrimp was processed at an industrial estate near Jakarta that was later found to be contaminated with of Cesium 137 and the country's nuclear agency is seeking to pinpoint the size of the area affected.

5 days ago

People aged between 21 and 30 are the biggest group of investors in Indonesian equities, data from the nation’s stock exchange show.

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markets premium

Retail investors upbeat on twin rally of gold, stocks

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, US, on Aug. 21, 2025.

Stocks retreat, gold hits record as US government shutdown begins

Wall Street futures slipped, gold struck a record high and Asian stocks wavered on Wednesday, as the deadline passed for a US government shutdown that is expected to delay the release of crucial jobs data and muddy the interest rate outlook.

1 week ago

Asian shares, gold rise on US shutdown watch; crude falls

Shares in Asia edged higher and gold continued its record climb on Tuesday as markets weighed prospects for a US government shutdown that would delay closely watched jobs figures.

1 week ago