IDX Urges Delisting of Sritex After Bankruptcy, CEO’s Arrest
Sritex (SRIL) was declared bankrupt in October 2024, and its former CEO, Iwan Setiawan Lukminto, was arrested earlier this week.
Business
China’s Huayou to Break Ground on Indonesian EV Battery Project before August
Huayou officially replaces LG Energy Solution in Indonesia's EV battery ecosystem megaproject, Energy Minister Bahlil Lahadalia says.
Business
Mongolia in Talks to Export Halal Meat to Indonesia
Indonesia still relies on foreign supplies for its meat, and Mongolia is seeing dollar signs.
Business
Indonesia to Issue SDG Bond So It Doesn’t Rely on Foreign Investors for Housing Program
President's younger brother Hashim Djojohadikusumo says that he has spoken with Finance Minister Sri Mulyani about the SDG bond plans.
Business
Prabowo Vows Energy Reform, Threatens to Fire Officials Blocking Investment
Prabowo pushes energy reform, threatens to fire slow officials, backs new investments to slash $40B annual import bill.
Business
Indonesia Spends $40 Billion Annually on Energy Imports, Prabowo Pushes for Energy Independence
State-owned energy giant Pertamina remains the backbone of the country’s oil output, accounting for 60 percent of national production.
Business
Indonesian Sovereign Fund Danantara to Partner with China, Japan, Malaysia
Danantara's boss Rosan Roeslani says that the fund will sign the agreement in the coming weeks.
Business
Bank Indonesia Cuts 2025 Growth Forecast After Weak Q1 Performance
Bank Indonesia cuts 2025 growth forecast to 4.6–5.4 pct due to weak Q1 data and global slowdown, urges stronger domestic demand policies.
Business
It Can Be Hard for ASEAN to Set Common Negotiation Plan on US Tariffs
An economist says that each ASEAN member is at a different stage of development, making a common US tariff negotiation plan impossible.
Business
Bank Indonesia Cuts Benchmark Rate by 25 Basis Points to 5.5 Pct
Bank Indonesia cuts benchmark rate by 25 bps to 5.5% to support growth, citing stable inflation and manageable rupiah pressures.
Business
Sell in May? JCI’s Losing Streak Gives Investors Reason to Pause
JCI’s May slump mirrors the ‘Sell in May and Go Away’ trend, with analysts urging caution amid repeated mid-year market weakness.
Business
Indonesia Revives Boeing-Garuda Deal Amid Tariff Talks
Indonesia’s Danantara reopens talks with Boeing to revive a stalled deal with Garuda as Jakarta seeks closer US trade ties.
Business
Indonesia to Impose Export Levy on Whole Coconuts to Curb Soaring Prices
Indonesia plans a levy on whole coconut exports to ease local supply woes as prices soar and processors face raw material shortages.
Business
Prabowo Appoints New Tax and Customs Chiefs as Revenue Slides
Bimo Wijayanto, a senior bureaucrat at the Coordinating Ministry for the Economy, will replace Suryo Utomo as Director General of Taxes.
Business
Shares in China's CATL, World's Biggest EV Battery Maker, Surge in Hong Kong after $4.6B IPO
CATL held a nearly 38 percent global market share for EV batteries in 2024, its listing documents showed.
Business
Indonesia’s State Revenue Falls 12% in Jan–Apr, Deficit Expected Ahead
Tax revenue totaled Rp 657 trillion, a decline of 8.7 percent compared to the same period in 2024.
Business
Indonesia Aims to Cut Poverty Rate Below 7.5 Pct by 2026
Indonesia aims to reduce its poverty rate to between 7 and 8 percent in 2025, and further to between 6.5 and 7.5 percent by 2026.
Business
‘Preman’: Indonesian Thugs Become Investors’ Worst Nightmare
Indonesia is trying to be a haven for investors from home and abroad, but the resource-rich country has a ticking time bomb: thugs.
Business
Indonesia Maintains 5.2 Pct Growth Ambition Despite Q1 Slowdown, IMF Downgrade
Indonesia aims for 5.2–5.8% growth in 2026, with a long-term goal of 8% by 2029, despite slowing GDP and global economic headwinds.
Business
Trump’s Tariffs Could Trigger Mass Layoffs in Indonesia, INDEF Says
Indonesia may see mass layoffs in coming months as US tariffs and global trade tensions squeeze manufacturing and export sectors.
BusinessMost Popular
