Economy and Business

Jakarta, Indonesia – PT United Tractors Tbk (UNTR), a prominent diversified heavy equipment distributor and mining contractor in Indonesia, has announced its ambitious target to recommence operations at the Martabe gold mine by mid-May 2026. This eagerly anticipated restart comes after a temporary suspension of operations imposed by the government’s Task Force for Environmental Protection and Law Enforcement (Satgas PKH) …

Jakarta, Indonesia – The Indonesian government, through the Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has moved to reassure the public and financial markets regarding the stability of the state budget and national energy supplies. Speaking at the Presidential Palace Complex in Central Jakarta on Thursday, April 16, 2026, Minister Lahadalia highlighted that the average Indonesian Crude Price …

Washington D.C. – The United States government is moving forward with a controversial plan to mandate that banks collect data on the immigration status of their customers, a significant shift that has been under discussion for several months within federal agencies. This initiative, spearheaded by the Treasury Department, aims to expand the reach of immigration enforcement and bolster data collection …

The International Energy Agency (IEA) has issued a stark warning that Europe could face a severe aviation fuel (avtur) crisis within the next six weeks, a direct consequence of the escalating energy crisis fueled by the conflict between the United States and Iran since late February. Fatih Birol, the Executive Director of the IEA, underscored the gravity of the situation, …

Jakarta, Indonesia – The Indonesian government’s Domestic Market Obligation (DMO) policy, mandating a minimum 35% distribution of cooking oil through state-owned entities such as Perum Bulog and other State-Owned Food Enterprises (BUMN Pangan), has been heralded as an effective mechanism for stabilizing the price of "Minyakita," the government-backed affordable cooking oil. Trade Minister Budi Santoso announced on Thursday, April 16, …

Jakarta, Indonesia is actively pursuing strategic shifts in its petrochemical feedstock supply chain, exploring liquefied petroleum gas (LPG) as a potential replacement for naphtha, a crucial raw material for plastic production. This pivot comes as the protracted conflict in the Middle East continues to disrupt global logistics and drive up the price of naphtha, a commodity Indonesia heavily relies on …

Jakarta, April 16, 2026 – Indonesia has solidified its position as a resilient agricultural nation, ensuring ample domestic fertilizer supply and projecting a significant surplus of 1.5 million tons available for export, even as geopolitical tensions continue to roil global supply chains. This remarkable achievement was confirmed by Deputy Minister of Agriculture (Wamentan) Sudaryono, who announced the export potential following …

Jakarta, Indonesia’s central bank, Bank Indonesia (BI), has emphatically reiterated the enduring resilience of the nation’s economy, even as an increasingly complex and challenging global landscape continues to intensify pressures. This powerful assertion was delivered by BI Governor Perry Warjiyo during a series of high-level engagements with global investors, the US-ASEAN Business Council, and the International Monetary Fund (IMF) on …

Mexico is grappling with a significant uptick in its annual inflation rate, which surged to approximately 4.5% in March 2026, marking an unwelcome acceleration from the previous month. This inflationary pressure is predominantly fueled by sharp increases in the prices of essential food items and energy, directly eroding the purchasing power of Mexican households and escalating the cost of living …

Jakarta, Indonesia – The Indonesian Ministry of Industry (Kemenperin) is intensifying its vigilance over global geopolitical dynamics, particularly the escalating tensions in the Strait of Hormuz, recognizing their potential to significantly disrupt the supply chains for petrochemical raw materials and, consequently, the national plastic industry sub-sector. In a proactive move to preempt and mitigate these far-reaching impacts, Kemenperin recently convened …