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.

Business
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