TheJakartaPost

Free meal, cooperative programs may lead to subpar tax revenue

Tax Director General Bimo Wijayanto said there was an ambiguity in the issuance of a National Nutrition Agency (BGN) head circular which classifies the funds used by the programs’ kitchens as grants that are not subject to tax. ...

2 hours ago

Yen teeters near 40-year low as BOJ hike fails to stem rout

The yen was pinned near four-decade lows on Friday, with markets on heightened intervention watch as neither a US-Iran peace deal nor a rate hike in Japan managed to arrest its prolonged slide. ...

5 hours ago

The Latest

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, on June 18, 2026.

Traffic flows through Hormuz as US-Iran deal takes effect, questions remain

Oil tankers sailed through the Strait of Hormuz and the United States said it lifted its blockade on Iran on Thursday as an interim deal to end the war took effect, though key issues are still unresolved between the two countries.

7 hours ago

Companies

Driving toward a degree: Gojek partners and their families receive full scholarships

For many Gojek drivers, the road has long been more than a route between destinations. It is where they spend hours each day working to support their families, pursue their aspirations and create opportunities for the next generation.

8 hours ago

A coal barge sails the western Java Sea on Oct. 31, 2023.

Govt may increase coal price cap to address PLN supply shortage

Energy and Mineral Resources Minister Bahlil Lahadalia previously revealed a significant 20-million-tonne coal supply gap for PLN that remains uncontracted this year, raising fresh concerns about national energy security.

9 hours ago

Familiar face: Newly appointed chairman of the National Economic Council Luhut Pandjaitan (center) attends the inauguration of cabinet ministers and heads of government agencies on Oct. 21, 2024, at the State Palace.

Govt to launch digital aid distribution system in October

The platform, known as Perlinsos Digital, is currently being tested in 42 cities and regencies before expanding to all 541 districts and municipalities nationwide.

1 day ago

A vessel is anchored off the coast of Sharjah in the United Arab Emirates on May 21, 2026. Iran's new body overseeing the Strait of Hormuz said its claimed area of control extends to Emirati waters, drawing a sharp rebuke from the Gulf neighbour as the traffic through Hormuz, a vital global shipping conduit, has come under Iranian control since the outbreak of war with Israel and the United States on Feb. 28.

Oil prices sink further as Trump signs deal to reopen Hormuz

The news boosted optimism for a lasting peace between the two nations after more than three months of war that has rattled energy markets and fuelled a fresh spike in inflation.

1 day ago

Bank Indonesia Governor Perry Warjiyo speaks to reporters after a meeting with the House of Representatives budget committee in Jakarta on June 9, 2026.

BI presses ahead to stabilize rupiah

Thursday’s interest rate hike comes just hours after the US Federal Reserve kept the federal funds rate (FFR) unchanged.

20 hours ago

A man walks past the Bank Indonesia (BI) headquarters in Jakarta on Sept. 2, 2024.

BI announces third rate hike in four weeks

The central bank lifted its key interest rate by 25 basis points to 5.75 percent, bringing the total increase to 1 percentage point over the past month.

21 hours ago

China's Finance Minister Lan Fo'an (left) and Indonesian Finance Minister Purbaya Yudhi Sadewa (right) shake hands ahead of a meeting on June 17, 2026, held in the former's office in Beijing.

Purbaya in China to build cooperation on bonds and currencies

Finance Minister Purbaya Yudhi Sadewa has departed for a five-day work visit to China to increase cooperation on bond issuances and local currency transactions.

1 day ago

US Federal Reserve Chairman Kevin Warsh holds a press conference at the Federal Reserve Board Building in Washington, DC, on June 17, 2026.

Regulations

US Federal Reserve holds rates steady, raises inflation expectations

The Fed decided to hold rates steady at 3.50 to 3.75 percent for the fourth consecutive meeting, with the vote being unanimous for the first time in a year.

1 day ago

Nora Wahby, president director of Ericsson Indonesia

Executive Column premium

Executive column: Ericsson chief says 5G key to Indonesia's digital ambitions

Ericsson Indonesia president director Nora Wahby spoke to The Jakarta Post’s Maudey Khalisha on May 19 to discuss rolling out the 5G spectrum in Indonesia toward realizing the country’s digital ambitions and elevating its global competitiveness.

1 day ago

Steam and other emissions rise on Feb. 10, 2023, from a nickel smelter operated by Chinese miner Virtue Dragon Nickel Industry (VDNI) in Morosi, Southeast Sulawesi.

Liquidity, credibility risks cloud mineral exchange plan

Creating a functioning mineral exchange requires building the necessary infrastructure, trading systems and market confidence, which analysts say could take longer than the time remaining until the targeted Jan. 1 rollout.

1 day ago

Companies premium

PLN short of 20m tonnes of coal as contracts lag behind demand

PLN actually requires 154 million tonnes of coal annually to fuel its steam-fired power plants, but has secured contracts for only 134 million tonnes.

2 days ago

Residents line up to exchange 3-kilogram liquefied petroleum gas (LPG) canisters in Cibodas, Tangerang city, Banten on Feb. 3, 2025.

Finding the best alternative to LPG

In 2025, the subsidized three‑kilogram green cylinder retail price was Rp 16,000, against an estimated market price of around Rp 48,000, with the state covering the full gap.

2 days ago

A truck drives between piles of coal at a coal yard beside the Yangtze River in Nanjing, in China's eastern Jiangsu province on July 22, 2025.

China mine disaster, Indonesia policy changes upend global coal market

The disruptions come as Southeast Asian economies that typically buy Indonesian coal are cranking up their coal-fired power capacity.

2 days ago

An electronic signboard shows the closing prices of stocks at the end of the day's trade outside the Hong Kong Exchanges and Clearing (HKEX) building in Hong Kong on March 23, 2026.

Asian investors take breather ahead of US-Iran talks, Fed decision

Oil prices edged up in early exchanges, a day after plunging more than five percent on optimism for a lasting agreement between the two countries after more than three months of conflict that rattled energy markets and revived inflation.

2 days ago

Ships and boats sit on the water on Monday, April 20, 2026, in the Strait of Hormuz off the coast of Musandam, Oman.

Oil slides below $80 on Iran supply prospects

A senior US official said the US will waive sanctions on Iranian oil, under the deal to end the war, raising the prospect of millions of additional barrels of supply.

2 days ago

Farmer partners of TaniHub pose for a photo while standing in a lettuce farm in Bedugul, Bali.

Tech premium

Start-up cases test line between failed bets and criminal acts

The case centers on US$25 million in investments made between 2019 and 2023 by BRI Ventures and MDI Ventures, the venture capital arms of state-owned firms BRI and Telkom, respectively, into agritech start-up PT Tani Group Indonesia (TaniHub).

2 days ago

An electronic display board inside the main hall of the Indonesia Stock Exchange (IDX) in South Jakarta shows an overall downward movement across most stocks during the lunch break on Jan. 29, 2026, when the IDX Composite index fell 6.3 percent after MSCI raised concerns about its free float and trading transparency.

Markets premium

Peace hope brings market rebounds but RI not out of the woods yet

Despite Monday’s turnaround, foreign investors still recorded a net sell of $5.98 million in IDX, adding up to the year-to-date net sell register of $3.8 billion.

2 days ago

In this picture obtained from Iran's ISNA news agency on June 1, 2026, vessels sail at Suru Beach in Bandar Abbas along the Strait of Hormuz.

Asia markets temper Iran deal optimism, BOJ decision in view

Shippers in Asia and Europe said rebuilding confidence in resuming transit through the Strait of Hormuz could take weeks.

3 days ago

Tech

US judge dismisses Musk's xAI trade secret lawsuit against OpenAI

Monday's decision is Elon Musk's second legal loss against OpenAI in four weeks.

3 days ago

Danantara CEO Rosan Roeslani addresses reporters in the Presidential Palace complex in Jakarta on May 7, 2025.

Strong demand for global bond reflects rising trust, Danantara says

After attracting US$4.6 billion in orders, Danantara increased the size of its bond issuance from US$1 billion to US$1.5 billion, split evenly between five-year and 10-year tenors.

3 days ago

Heavy equipment operate on March 4, 2011, at the Binungan coal mine belonging to PT Berau Coal in Berau regency, East Kalimantan.

Companies premium

Commodity exporters face rising credit risk under centralized policy, Fitch warns

The government's plan to task newly formed DSI with managing strategic commodity exports could spell increased credit risk for producers, though more robust or diversified companies are likely to better weather the policy shift, says a June 12 report from Fitch Ratings.

3 days ago

President Emmanuel Macron's wife Brigitte Macron (left) talks with US President-elect Donald Trump (center) as they sit alongside French President Emmanuel Macron (right) inside Notre-Dame Cathedral ahead of a ceremony to mark the re-opening of the landmark cathedral, in central Paris, on December 7, 2024.

Trump threatens 100% tariff on French wines over digital tax

The U.S. president said he had asked French President Emmanuel Macron “not to charge American companies” after France imposed a 3 percent tax on the revenues earned by technology firms in 2019.

4 days ago

A woman walks past an electronic quotation board displaying the Nikkei Stock Average on the Tokyo Stock Exchange along a street in Tokyo on June 1, 2026.

Oil prices plunge, Asia stocks rise after US-Iran deal

Pakistan said the United States and Iran agreed to a peace deal and an "immediate and permanent" end to military operations on all fronts, including Lebanon.

4 days ago

Tech

Cross-Border QR Payments Between Indonesia and China Fully Operational

Cross-border QRIS payment system breaks barriers between Indonesia and China, as it seamlessly allows merchants and customers in both countries to be able to do transactions through UnionPay's cross-border payment network.

4 days ago

Markets premium

Indonesia’s IPO pipeline gets thinner amid stock market jitters

The IDX stated that there are 12 companies waiting in the IPO queue to list on the bourse this year.

4 days ago

On the rise: High-rise buildings in the Sudirman Central Business District (SCBD) in South Jakarta are illuminated by the sunset on Aug. 2, 2024.