Economy and Business

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 …

Bank Rakyat Indonesia (BRI) has announced a significant customer engagement initiative, the BRI Debit FC Barcelona Program, designed to reward loyal customers and ardent football enthusiasts in Indonesia with an unparalleled opportunity: a trip to Spain to watch FC Barcelona play live at their iconic home, Spotify Camp Nou. This program strategically merges financial incentives with the fervent passion of …

The once vibrant pulse of Cipadu Market, a legendary center for textile and garment trade in Tangerang City, has faded significantly, leaving its aisles largely deserted by a dwindling customer base. Compounding its woes, this vital hub for diverse fabric materials is now grappling with the far-reaching economic repercussions of the Middle East conflict, specifically a sharp increase in raw …

Jakarta, Indonesia – The Indonesian government has launched an ambitious national recruitment drive, offering a staggering 35,476 job vacancies across its strategic cooperative and fisheries sectors. This monumental initiative aims to bolster the country’s food security, strengthen grassroots economies, and foster rural development through the establishment of "Koperasi Merah Putih" (Red and White Cooperatives) and "Kampung Nelayan Merah Putih" (Red …

Jakarta, Indonesia – PT Asuransi BRI Life (BRI Life), a prominent life insurance subsidiary of PT Bank Rakyat Indonesia (Persero) Tbk, has announced a significant leap in its digital transformation strategy with the introduction of its Mobile Digital Insurance (MODI) product. This innovative offering is being rolled out in a strategic collaboration with Gofit, a leading fitness and wellness platform, …

PT United Tractors Tbk (UNTR), a prominent diversified heavy equipment and mining contractor company in Indonesia, has announced a significant cash dividend distribution totaling Rp 5.92 trillion for its shareholders. This translates to Rp 1,663 per share, as approved during the company’s Annual General Meeting of Shareholders (AGMS) held at Menara Astra, Jakarta, on Thursday, April 16, 2026. The decision …