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Recent Economy News: Economic Growth, Policy, and Trends

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Jakarta Post
Economy

US Treasury's Bessent, China's He to launch talks on AI, trade, critical minerals

United States Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet on Sunday to try to tee up potential agreements on AI, tariffs and critical minerals for a high-stakes Washington summit this week between US President Donald Trump and Chinese President Xi Jinping.

1 day ago
Economy premium

State revenue hits 65% in August, Suahasil vows budget credibility

State spending as of the end of August reached only 59.7 percent of this year's allocation as the new finance minister gears up to focus on fiscal continuity. ...

1 day ago
Economy

ASEAN to roll out upgraded trade pact ahead of schedule

This pact seeks to make it easier for businesses and consumers to transact across Southeast Asia, covering areas such as e-commerce, digital payments, cross-border data flows and cyber security. ...

1 day ago

The Latest

Economy premium

El Niño-driven river levels drop hampers coal barging from Kalimantan

Commodity price intelligence provider Argus in August revealed that parts of the upper reaches of the Barito River have become completely unnavigable, with some mining companies in the area already declaring force majeure on shipments.

2 weeks ago
Economy

Job growth but record-high diesel prices – Trump's midterms mixed bag

Fresh economic data brought United States President Donald Trump's Republican Party good and bad news ahead of midterm elections, with the labor market showing strong growth but record-high diesel prices likely to further fuel inflation.

2 weeks ago
Economy premium

Indonesia, Russia ink fertilizer investment deal

Investment and Downstreaming Minister Rosan Roeslani confirmed that state-owned PT Pupuk Indonesia is exploring a significant investment in a urea fertilizer plant in Vladivostok.

2 weeks ago
Economy premium

New BI governor puts stability as top agenda

Destry was inaugurated on Sept. 2, alongside newly appointed senior deputy governor Aida S. Budiman and deputy governor Solikin M. Juhro, with all three appointed for five-year terms.

2 weeks ago
Economy premium

Energy subsidy bill seen to soar by Rp 300t without renewables push

National energy subsidy and compensation expenditures could skyrocket by Rp 300 trillion in the 2026 fiscal year unless the country accelerates its transition to new and renewable energy, the Energy and Mineral Resources Ministry has warned.

2 weeks ago
Economy premium

RI factory activity contracts as ASEAN peers gain

Indonesia’s manufacturing sector has slipped back into contraction territory as weaker output and employment offset a modest recovery in new orders, according to S&P Global.

2 weeks ago
Economy

Dollar hits two-week high with Middle East conflict in focus

The US and Iran found themselves back on a war footing on Wednesday after the most significant exchange of fire in weeks.

2 weeks ago
Economy

Batam’s investment surge puts Southeast Asia’s industrial gateway on stronger growth path

Based on its investment activity report (LKPM), Batam’s investment realization in H1 2026 reached Rp 29.89 trillion (US$1.8 billion), equivalent to 45.3 percent of its full-year target.

2 weeks ago
Economy

The 2027 State Budget: Path toward a narrower deficit

Tax revenue in 2027 is projected at around 9.3 percent of GDP. Adding customs and excise raises the ratio to roughly 10.4 percent, slightly above 10.2 percent of GDP in the 2026 outlook.

2 weeks ago
Economy premium

RI reverses trade deficit with tiny July surplus

Indonesia has restored its trade balance to a small surplus in July thanks to surging outbound shipments of crude palm oil and coal.

2 weeks ago
Economy premium

Inflation accelerates while House approves new BI governor

The consumer price index (CPI) growth rose to 3.19 year-on-year (yoy) in August, Statistics Indonesia (BPS) official Ateng Hartono revealed in a press conference on Tuesday, well within the government’s and Bank Indonesia’s (BI) target range of 2.5 plus/minus 1 percent.  

2 weeks ago
Economy premium

SOEs to remit Rp 120t to state budget this year, says Purbaya

Finance Minister Purbaya Yudhi Sadewa expects Danantara to remit Rp 120 trillion ($6.76 billion) in dividends from state-owned enterprises (SOEs) to the state budget this year, marking a change from the initial plan for running the state asset fund.

2 weeks ago
Economy premium

Govt’s MSME credit push overlooks deeper structural problem

The government aims to boost bank lending to micro, small and medium enterprises (MSMEs) by raising the credit target from Rp 1.5 quadrillion (US$84.6 billion) to Rp 2 quadrillion in 2027, but doubts remain over whether the move will effectively address structural issues that have hindered lending to the sector.  

2 weeks ago
Economy premium

Housing expo falls short, subsidized loans slow

The Danantara Housing Expo booked Rp 2 trillion in settled transactions, below an initial target of Rp 6 trillion to Rp 10 trillion, while loan disbursement for subsidized housing fell 15 percent year-on-year amid supply constraints, pointing to ongoing challenges in the government’s 3 Million Homes program.  

2 weeks ago
Economy

G20 countries should consider more trade barriers on China to cut imbalances, Bessent says

Bessent said in an interview ahead of a G20 finance leaders meeting that the current flood of exports from China was unsustainable, even though the US direct trade position with China was "rapidly improving."

2 weeks ago
Economy

Global standards, governance and commercial discipline underpin INA’s investment strategy

Five years after its establishment, the Indonesia Investment Authority (INA) has demonstrated how strong governance, commercial discipline and global partnerships can mobilize long-term capital while supporting Indonesia's sustainable economic development.

3 weeks ago
Economy premium

Rising current account deficit could jeopardize rupiah

Indonesia's current account deficit reached a historic high in the second quarter that, if sustained, would put new pressure on the rupiah’s exchange value.

3 weeks ago
Economy

Trump announces deal for huge US stake in Venezuelan oil reserves

President Donald Trump said Friday his administration has reached a huge oil deal with Venezuela that gives the United States majority control of 65 billion barrels of proven petroleum reserves.

3 weeks ago
Economy premium

Danantara puts 360,000 property units on offer at expo

The event offers prospective homebuyers a range of financing options, including down payments starting at 1 percent, mortgage rates from 2.75 percent per year and loan tenors of up to 30 years.

3 weeks ago
Economy premium

Toyota tug-of-war exposes ASEAN’s investment dilemma

A race between member countries to attract factories undermines ASEAN ambitions to become a unified economic powerhouse, analysts say.

3 weeks ago
Economy premium

Shipbuilding industry struggles with persistent weak demand

Indonesia’s shipbuilding industry is facing mounting pressure from a lack of domestic orders for ship construction that has persisted since the coronavirus pandemic.

3 weeks ago
Economy premium

SKK Migas issues early warning as forest fires near oil and gas facilities

The alert comes amid concerns over the country's upstream production performance, with average oil production from January to July 2026 standing at 578,156 barrels per day, only 95 percent of the 610,000 bpd target set in the state budget.

3 weeks ago
Economy

IMF's Georgieva says global economy weathering energy shock, sees fiscal concerns

Georgieva said that there was a "tug of war" between the negative Gulf energy supply shock and growth tailwinds from the artificial intelligence investment boom that was starting to spread beyond US borders.

3 weeks ago
Economy premium

Industry warns severe El Niño could shrink CPO output

GAPKI chairman Eddy Martono said that the significant impact of a severe El Niño on palm oil production could be felt as early as next year. 

3 weeks ago
Economy premium

Prabowo kicks off solar power push with groundbreakings, open tenders

At the event on Tuesday, President Prabowo Subianto broke ground on solar power plants in Banyuwangi and Pasuruan in East Java, as well as at Gajah Mungkur Reservoir in Central Java, with a combined capacity of 396.4 MWp.

3 weeks ago
Economy premium

Stable rules key to luring investment, outgoing EU envoy says

The outgoing EU ambassador to Indonesia, Denis Chaibi, whose term ends this month, told The Jakarta Post that stable regulations and fewer trade barriers would be key to attracting European investment in view of the signing of the Indonesia-EU CEPA in October.

3 weeks ago
Economy premium

Whoosh takeover set for September, Purbaya says

After incurring a loss of nearly $290 million in the first six months of 2026, the government is finally stepping up to take over the operation and maintenance of the Jakarta-Bandung HSR, according to the finance minister.

3 weeks ago
Economy

US vows 'economic asphyxiation' of Iran with new sanctions

The announcement comes almost six months into a war on Iran that has ground to a stalemate, with stalled peace talks and Tehran blocking most traffic through the crucial Strait of Hormuz.

3 weeks ago
Economy

Norway will drill in Arctic regardless of EU's position, says energy minister

Norway will continue developing its oil and gas resources in the Barents Sea regardless of the European Union's support for a moratorium on Arctic hydrocarbon supplies, and no longer sees itself as Europe's "green battery", Energy Minister Terje Aasland told Reuters.

3 weeks ago
Economy

US vows 'economic D-Day' as Iran threatens to halt all oil exports

Without detailing specific measures, US Treasury Secretary Scott Bessent signaled Washington would target "fearful nations" that practice "appeasement" by engaging with Iran's economy and financial system.

4 weeks ago

Today's ePost

Mon, September 21, 2026

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