Economy and Business

Warren Buffett has officially stepped down as the chairman of Berkshire Hathaway as of Friday, September 18, bringing a formal close to an extraordinary six-decade tenure that transformed a struggling textile mill into one of the most valuable and influential conglomerates in global history. While the 94-year-old investor will remain a member of the board of directors, his resignation from …

Jakarta — The Government of Indonesia, through the Ministry of Finance, has officially announced the complete and final settlement of all remaining government debt securities issued to handle the Bantuan Likuiditas Bank Indonesia (BLBI) or Bank Indonesia Liquidity Assistance crisis of 1997–1998. The monumental fiscal milestone was officially achieved in August 2026, marking the closure of one of the most …

The Indonesian government, under the leadership of President Prabowo Subianto, has officially announced a strategic shift toward energy independence by initiating plans to convert coal into gasoline. This ambitious policy follows the successful implementation of the B50 biodiesel program, which mandates a 50 percent palm oil mixture in diesel fuel, a move the administration claims has effectively eliminated the nation’s …

PT Semen Indonesia (Persero) Tbk (SIG), one of the leading state-owned cement producers in Southeast Asia, has once again been recognized for its rigorous and exemplary corporate governance framework. The company was awarded the prestigious Katadata ESG Insight (KESGI) Award 2026 in the Construction Material sector for Governance, solidifying its position as a frontrunner in Environmental, Social, and Governance (ESG) …

Indonesia has solidified its position as one of the world’s most resilient and rapidly expanding economies, securing a place among the top 25 nations for real Gross Domestic Product (GDP) per capita growth over the last 35 years. According to comprehensive data released by the World Bank, Indonesia’s real GDP per capita expanded by 210 percent between 1990 and 2025. …

Jakarta — In a strategic move designed to transform the national logistics landscape and optimize the distribution of essential commodities, PT KAI Logistik (KAI Logistik), a subsidiary of state-owned railway operator PT Kereta Api Indonesia (Persero), has officially entered into a landmark partnership with PT Bogantara Indo Transport. The formalization of this collaboration took place through the signing of a …

JAKARTA — The administration of United States President Donald Trump has formally extended a controversial executive order that mandates a substantial surcharge of US$100,000 for H-1B non-immigrant visa applications. This extension, which maintains the policy for another year, marks a significant continuation of the administration’s restrictive stance on high-skilled labor migration. Originally slated to expire this month, the regulation will …

The landscape of urban transportation in Indonesia’s bustling capital is undergoing another significant transformation with the official entry of Green SM Bike. On September 16, 2026, the Vietnamese ride-hailing pioneer officially launched its electric motorcycle transportation service in Jakarta, marking a major milestone as the company’s very first international expansion for its two-wheeled electric vehicle (EV) segment. Following its initial …

The Chair of the National Economic Council (DEN), Luhut Binsar Pandjaitan, has officially opened high-level negotiations with Chinese authorities regarding the restructuring of the debt incurred by the Whoosh high-speed railway project. During a recent diplomatic visit to Beijing, which spanned from September 15 to September 18, Luhut engaged in a series of strategic discussions with the Chairman of China’s …

Jakarta – In an ongoing effort to address long-standing financial friction faced by business owners across Indonesia, commerce platform Mayar has officially launched its newest product innovation, Mayar Card. Designed as a comprehensive expense management platform, Mayar Card provides virtual corporate cards tailored specifically for businesses, SMEs, and startups in the country. The initiative aims to solve a fundamental operational …