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Green flight: Technicians prepare a Garuda Indonesia plane for a test flight using sustainable aviation fuel on Oct. 27, 2023, at Soekarno-Hatta International Airport in Tangerang, Banten. The plane successfully landed in Adi Sumarmo Airport in Surakarta, Central Java, later that day.

Economy premium

Govt aims to reduce airfares by 10 percent by October

Tourism and Creative Economy Minister Sandiaga Uno said the price reduction would help regions where airline tickets were more costly than average, particularly destinations in eastern Indonesia and Sumatra.

1 year ago

Hello Hear her TJP

Hello Hear her TJP ...

1 year ago

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1 year ago

The Latest

Up and ready: State-Owned Enterprises (SOE) Minister Erick Thohir speaks at a press conference regarding the arrival of a new batch of Sinovac bulk vaccines from China at Soekarno-Hatta International Airport on May 31, 2021.

2022 Outlook: Aiming for resilient, sustainable recovery

Signs of economic recovery continued to emerge toward the end of 2021. COVID-19 cases have been relatively contained compared to July’s peak when the Delta wave hit Indonesia.

3 years ago

Quality control: A worker inspects the quality of a product at a steel factory in the Cikarang industrial estate in Bekasi, West Java, on Oct. 4, 2019.

Economy premium

Manufacturing recovery slows in December

The manufacturing Purchasing Managers’ Index (PMI) dropped to 53.5 in December, suggesting a continued expansion of activity for the fourth month in a row, albeit at a slower pace.

3 years ago

A train passes the Jakarta-Bandung high-speed railway project in Cipatat, West Bandung, West Java, on May 27, 2020.

Economy premium

How China beats US as trade, investment partner for Indonesia

China has topped other countries, including the United States, as Indonesia’s biggest trading partner. The East Asian giant is also a perfect fit for the government’s interest in developing Indonesia's downstream nickel industry.

3 years ago

People enjoy the sunset at Kuta Beach in Bali on Sept. 6, 2020. The province recorded zero foreign tourist arrivals in the third quarter of 2021.

Economy premium

Tourism ministry banks on G20 to rekindle Bali’s allure

The G20 Summit is the biggest international event scheduled to take place in Bali this year.

3 years ago

A firefighter sprays disinfectant at the Kramat Jati wholesale market in East Jakarta in June 2020.

Economy premium

2021 inflation below BI target, but increase looms

The consumer price index (CPI) was up 1.87 percent year-on-year (yoy) in December 2021, the highest since July 2020. But the full-year figure remained lower than Bank Indonesia’s target range.

3 years ago

At high stakes: A cargo ship berths at a port in Lianyungang in China’s eastern Jiangsu province, on May 8. China’s exports fell more than expected in April while imports rose, official data showed on Wednesday, ahead of high-stakes talks aimed at resolving a trade war with the United States.

Vietnam urges China to urgently reopen border gates as trade stalls

Pictures and video footage from state-run Vietnam News Agency (VNA) showed thousands of trucks were held up at the border following reports that imported COVID-19 cases had been detected in Guangxi province.

3 years ago

COVID-19 patients are treated in a makeshift emergency ward at a government-run hospital in Jakarta on June 29, 2021.

Economy premium

Indonesia loses out as citizens spend billions on healthcare abroad

Indonesian patients continue to have a high appetite for treatment abroad as the government struggles to provide quality medical services, costing the country billions of dollars that could be spent domestically to boost the local healthcare industry.

3 years ago

Coal barges queue to be pulled along the Mahakam River in Samarinda, East Kalimantan, on Aug. 31, 2019. Coal exports play a vital role in Indonesia's trade balance.

Indonesia bans coal exports in January over domestic supply worries

The government said on Saturday it had banned January exports of the fuel in a move aimed at safeguarding its domestic power supply.

3 years ago

Useful heat: Fishermen use a solar power cooling system in Maratua, Berau and East Kalimantan in this undated photograph.

Economy premium

Yearender 2021: Indonesia makes big promises on green economy

Promises range from putting a moratorium on new coal plants to establishing carbon trading regulations.

3 years ago

Ride-hailing drivers sit beside their motorcycles in front of a shop, closed due to COVID-19, in Hanoi, Vietnam, on July 2 last year.

Vietnam GDP growth slides to new 30-year low

Shutdowns caused by coronavirus have battered the growth of one of the world's fastest growing emerging markets.

3 years ago

National Online Shopping Day (also known as 12.12) has been held on Dec. 12 every year since 2012. E-commerce platforms offer incentives like free delivery, cashbacks or vouchers to spur sales during this event.

Economy premium

Latest National Online Shopping Day rakes in Rp 18 trillion

This year's National Online Shopping Day (Harbolnas) saw a massive increase in sales from last year’s event, suggesting that the online shopping boom is far from over.

3 years ago

An office worker looks out from a balcony. Businesspeople in Indonesia are the most optimistic about revenue growth in the next 12 months, according to a recent survey by Grant Thornton in 29 countries.

Economy premium

Indonesia tops survey on business optimism

Managers in Southeast Asia’s biggest economy are upbeat about 2022 growth prospects, a survey by business consultancy Grant Thornton shows.

3 years ago

Western, central, and eastern Indonesia show diverse trends in online shopping behavior

Indonesia has a large population of avid online shoppers across the country. As 2021 is coming to a close, online marketplaces, including Tokopedia, are observing striking trends among their customers.

3 years ago

Finance Minister Sri Mulyani Indrawati discusses the new Harmonized Tax Law (HPP) in a meeting of the public and business representatives in Nusa Dua, Bali, on Nov. 19.

Tax revenue exceeds target for first time in 12 years

Recovering business activity, high commodity prices and a relatively low target helped tax revenue exceed expectations.

3 years ago

Shoppers visit the Brickell City Centre mall in Miami, US, on Dec. 14, 2021.

US retail sales up 8.5 percent this holiday season

US consumers were in the mood to spend this holiday season, with retail sales soaring 8.5 percent over last year, a study released Sunday showed.

3 years ago

Blue sky is seen above the usually polluted Jakarta on July 2, 2021, after several days of residents restricting themselves from leaving their homes for fear of contracting the Delta variant of COVID-19 and a day before the implementation of emergency public activity restrictions from July 3 to 20.

Economy premium

Yearender 2021: How the Delta wave disrupted Indonesia’s economic recovery

The Delta wave, which peaked in July, disrupted the momentum of Indonesia’s economic recovery as it forced the government to tighten restrictions amid low vaccination rates.

3 years ago

Economy premium

Indonesian portfolio investors grow at five-year high in 2021

The number of stock market investors grew by 89.58 percent to 7.35 million as of Dec. 17.

3 years ago

The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, US, April 8, 2019.The spring gathering of finance ministers and central bankers held in Washington in April will be shifted to a

IMF extends emergency funding by 18 months due to COVID-19

The programs have already been extended twice, in September 2020 and again last March.

3 years ago

Goods are delivered to a store in the financial district of Manhattan in New York City on Oct. 28. Consumer spending, which accounts for more than two-thirds of US economic activity, rose 0.6 percent last month after shooting up 1.4 percent in October.

US economy shows strength heading into COVID-19 winter wave

Recent data shows that job growth picked up and spending increased.

3 years ago

This photo shows the Leuser rainforest in Subulussalam, Aceh, on June 20 last year.

UN rulebook for carbon trading leaves corporate woes unsolved

The guideline addresses carbon trading rules for governments, but not for companies.

3 years ago

President Joko "Jokowi" Widodo (center), PT Adaro Energy president director Garibaldi Thohir (left), Coordinating Maritime Affairs and Investment Minister Luhut Binsar Panjaitan (right) attend the groundbreaking of PT Kalimantan Industrial Park, Indonesia's first green industrial park, in Tanah Kuning, Bulungan regency, North Kalimantan, on Tuesday.

Economy premium

Green industrial park in N. Kalimantan begins construction

The park will produce a range of manufactured goods, from EV batteries to green aluminum, and run on renewable energy.

3 years ago

Vehicles make their way along a busy road past the Jing'an Temple in Shanghai on Oct. 14, 2021.

China will be able to keep economic growth stable: State planner

China has the confidence, condition, and ability to keep economic growth at a reasonable level, a senior state planning official told the Xinhua News Agency.

3 years ago

Limited capacity: A shopping mall in Bogor, West Java, prepares to welcome back visitors following the easing of public activity restrictions (PPKM) from level 4 to level 3 on Saturday. Only vaccinated visitors are allowed to enter malls, which can operate at a limited capacity.

Economy premium

Retail sales recovery lags despite eased curbs

The slow pick up in retail sales spells bad news for consumption, which is a key contributor to economic recovery.

3 years ago

Finance Minister Sri Mulyani Indrawati delivers a speech during the Indonesia Fintech Summit 2021 in Bali, on Dec. 11, 2021.

Economy premium

Govt sees GDP growth above 5% in Q4

The government projects fourth-quarter GDP growth to be around the level typically seen before the COVID-19 pandemic.

3 years ago

Trade Minister Muhammad Lutfi, ministry secretary-general Suhanto and advisor Wishnutama Kusubandio lead the preparation meeting for the Dubai Expo at the Trade Ministry’s headquarters in Jakarta in this file photo.

Economy premium

Indonesia, South American bloc to start trade talks

Indonesia hopes to use the deal to boost exports to Mercusor, a trade block comprising Argentina, Brazil, Paraguay and Uruguay.

3 years ago

Traffic moves smoothly during the afternoon rush hour in central Jakarta on Feb. 10 as many people continued to work from home in response to the COVID-19 pandemic.

Economy premium

As Indonesian car sales recover, Fitch notes barriers to EV uptake

Sales of four-wheeled vehicles are expected to rise next year but to remain below prepandemic levels. Demand for electric vehicles, meanwhile, is being held back by pricing and infrastructure issues.

3 years ago

Invisible threat: Passengers wait to board an intercity train at Senen Station in Central Jakarta as they head to their hometowns in eastern Java ahead of New Year’s Eve 2020.

Economy premium

Omicron discovery could delay economic recovery

After reporting the country's first known case of the Omicron variant of the coronavirus, the government has declared its readiness to retighten curbs if necessary, a move that would likely slow down — but not halt — the nation's economic recovery.

3 years ago

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan was the keynote speaker in Thursday's webinar Jakpost Up Close #41: Indonesia’s Rebound: Economic Outlook 2022

Govt prepares for lasting pandemic, global uncertainty

With the emergence of new coronavirus variants prolonging the pandemic, the government is gearing up to face growing uncertainty with structural reforms aimed at strengthening the country’s economic resilience.

3 years ago

The European Central Bank (ECB) headquarters stands near electric vehicle charging spaces in a parking lot in Frankfurt, Germany, on Thursday, March 12, 2020. Christine Lagarde will bid to prevent the coronavirus outbreak from sparking a repeat of the 2008 financial turmoil when the European Central Bank finally unveils its monetary response to protect the region’s economy. Photographer:

European central banks begin stimulus exit

The European Central Bank said it would wind down pandemic-era bond buys, and the Bank of England announced a rate hike.

3 years ago

A blue sky is seen above the usually polluted Jakarta on July 2, after public mobility declined in response to a COVID-19 spike in the city.

Economy premium

World Bank expects Indonesia’s GDP to grow 5.2% in 2022, but risks loom

The institution believes the country’s economy can find its way back to pre-pandemic strength next year, but it hasn’t ruled out a major disappointment.

3 years ago

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