Economy and Business

Jakarta, Indonesia – In a significant strategic move to bolster its national energy security, Indonesia has successfully secured a new supply of crude oil from Russia, a development stemming from a high-level meeting between Indonesian President Prabowo Subianto and Russian President Vladimir Putin earlier this week. This bilateral agreement underscores Indonesia’s commitment to diversifying its energy sources and navigating the …

Jakarta, Indonesia – In a significant move aimed at bolstering national food security, empowering rural economies, and creating substantial employment opportunities, the Indonesian government has announced a nationwide recruitment drive for 35,476 managerial and staff positions across its newly established Merah Putih Cooperatives and Merah Putih Fishing Villages. This ambitious initiative, spearheaded by the Coordinating Ministry for Maritime Affairs and …

The Directorate General of Customs and Excise (DJBC) of the Ministry of Finance has recently issued comprehensive clarifications regarding the import duty and tax exemptions applicable to goods brought in or shipped by Indonesian Hajj pilgrims. These regulations are designed to facilitate the return of pilgrims with their personal effects and souvenirs while also establishing clear boundaries to prevent commercial …

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 …