Economy and Business

The Jakarta Composite Index (IHSG) concluded trading on Thursday, April 16, with a largely stagnant performance, registering a marginal decline of 0.03% to close at 7,621.38. This muted movement reflected a nuanced interplay of domestic buying interest in select counters and persistent selling pressure from foreign investors, coupled with a varied sectoral landscape. Despite a slight upward momentum in global …

Jakarta, Indonesia – Indonesia’s Minister of Finance, Purbaya Yudhi Sadewa, has emphatically stated that the Southeast Asian economic powerhouse currently requires no financial assistance from the International Monetary Fund (IMF), asserting the nation’s robust fiscal health. This declaration, made after a high-level meeting with IMF Managing Director Kristalina Georgieva in Washington D.C., underscores Indonesia’s significant economic resilience, particularly highlighted by …

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, …