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Jakarta Post
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, United States, on May 15, 2024.
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, United States, on May 15, 2024.`
Markets

Stocks rally on US-China talks, China rate cut

US stock futures and Chinese markets rose on Wednesday, as investors cheered news of a meeting between top US and Chinese trade officials as a chance to tone down the tariffs, while China cut interest rates and vowed to support stock markets.

43 minutes ago
Markets premium

Industry, farmers lock horns on coconut export curb proposal to cool price

The proposal has drawn pushback from a farmers’ association, which says the current global price surge is a rare opportunity to maximize profits after years of depressed returns.

4 hours ago
Economy

Standard Chartered supports PT Solusi Bangun Beton with digital payments platform

To overcome operational inefficiencies and data security risks, renowned building materials company Solusi Bangun Beton partnered with Standard Chartered to implement a digital payments platform that streamlines transactions and improves customer experience.

4 hours ago

The Latest

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Economy premium

Reassessing local content policy: Balancing industrial growth and global competitiveness

The TKDN policy has become a strategic issue in Indonesia's economic development. On the one hand, it serves as a crucial tool for promoting national industrial growth. On the other hand, it can lead to inefficiencies and reduce the competitiveness of domestic industries.

5 hours ago
Markets premium

Govt rice reserve hits new record high of 3.5m tonnes: Ministry

Record-high yields in the first four months of the year has helped expand the national rice reserve from 1.7 million to 3.5 million tonnes, inadvertently leading to a shortage of storage facilities but also creating an export opportunity.

18 hours ago
Companies premium

Garuda Indonesia grounds 15 planes over maintenance, financial issues

One Garuda aircraft and 14 Citilink planes await heavy maintenance checks, which include comprehensive inspections and component replacements.

19 hours ago
Markets premium

Indonesia looking to convert more debt to rupiah

Indonesia is looking to strengthen local currency usage in partnership with multilateral development banks (MDBs) amid global economic challenges and to support sustainable development.

20 hours ago
Markets premium

Miners slam Chinese smelters for buying bauxite below benchmark price

This practice has pushed several miners out of business, according to the association, while others that have remained operational either have the large-scale capacity to do so or are simply operating to keep equipment running and preserve jobs.

22 hours ago
tech

OpenAI abandons plan to become for-profit company

OpenAI CEO Sam Altman announced Monday that the company behind ChatGPT will continue to be run as a nonprofit, abandoning a contested plan to convert into a for-profit organization.

1 day ago
tech

Apple eases App Store rules under court pressure

Apple on Friday relaxed its App Store payment rules in the face of a scathing court order, with Spotify quick to reap the benefit.

3 days ago
tech

Spain grid operator report warned of blackout risk from renewables

The head of Spain's electricity operator REE downplayed Wednesday a recent report by the firm which warned of "severe" risks of power cuts linked to the "high" use of renewable energy in the country.

6 days ago
tech

Elon Musk's xAI Holdings reportedly in talks to raise $20b from investors

Elon Musk's xAI Holdings is in talks with investors to raise roughly US$20 billion in funding for his newly combined artificial intelligence start-up and social media business, Bloomberg News reported on Friday, citing people familiar with the matter.

1 week ago
tech

China's CATL launches new EV sodium battery

The firm produces more than a third of all electric vehicle (EV) batteries sold worldwide, working with major brands including Tesla, Mercedes-Benz, BMW and Volkswagen.

1 week ago
economy

Standard Chartered supports PT Solusi Bangun Beton with digital payments platform

To overcome operational inefficiencies and data security risks, renowned building materials company Solusi Bangun Beton partnered with Standard Chartered to implement a digital payments platform that streamlines transactions and improves customer experience.

4 hours ago
economy

Indonesia annual Q1 GDP growth slowest in more than three years

The national economy grew 4.87 percent in the first quarter from a year earlier, its weakest growth rate in more than three years, official data showed on Monday, compared with a 4.91 percent growth rate expected by analysts in a Reuters poll.

1 day ago
companies

HFM looks to the future with new leadership

Many components contribute to the sustainability of a company, with innovation usually at the helm of success. Adaptability to changes in the market and consumer preference is the key for a company to be able to serve its growing base and secure its place in the future.

4 days ago
companies

Indosat Q1 Report: Book Progressive Net Profit and ARPU Growth

Indosat Ooredoo Hutchison reported progressive results across most key performance indicators in the first quarter of 2025, despite navigating an extremely competitive and challenging industry environment. These outcomes reflect the company’s disciplined execution and continued commitment to supporting Indonesia’s digital and artificial intelligence development journey.

6 days ago
markets

Stocks rally on US-China talks, China rate cut

US stock futures and Chinese markets rose on Wednesday, as investors cheered news of a meeting between top US and Chinese trade officials as a chance to tone down the tariffs, while China cut interest rates and vowed to support stock markets.

43 minutes ago
markets

'Bombshell' OPEC+ output hike hits oil price

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed.

1 day ago
markets

Dollar under water as surge in Taiwan dollar spills over

The dollar was losing ground again on Monday as a meteoric surge in its Taiwanese counterpart spilled over elsewhere, fueling speculation some Asian countries were prepared to engineer revaluations to win US trade concessions.

2 days ago

Today's ePost

Wed, May 7, 2025

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