Tag
Indonesia economy

Indonesian Finance Minister Denies Resignation Rumors After Market Plunge
By Sebastian Strangio
The Jakarta Stock Exchange Composite Index plunged more than 7 percent, forcing it to suspend trading for the first time since 2020.

Are Investors Pulling Out of Southeast Asia?
By James Guild
Across the region, international markets are responding to the growing level of uncertainty and risk in the global economy.

The Scandal at Indonesia’s State-Owned Energy Firm Pertamina, Explained
By James Guild
Five oil executives have been arrested for importing fuel at inflated prices. What explains the timing?

Indonesia, Apple Agree Terms For Lifting iPhone Sales Ban: Report
By Sebastian Strangio
Jakarta banned the sale of the firm's latest smartphone in October for failing to comply with rules requiring the use of locally made components.

The Financial Scandal at Indonesian Tech Unicorn eFishery, Explained
By James Guild
The agritech firm's troubles reflect some of the broader challenges facing Indonesia's nascent tech sector.

Apple Considering iPhone Manufacturing Facilities in Indonesia: Report
By Sebastian Strangio
The move could be part of the U.S. tech giant's strategy to lift a government-imposed sales ban on its latest model.

Indonesia Approves Creation of Second Sovereign Investment Fund
By Sebastian Strangio
The Danantara fund, which will be seeded with at least $61 billion, will be placed under the direct supervision of the president's office.

Why Indonesia is Blocking Apple From Selling the iPhone 16
By James Guild
Middle powers with rapidly growing economies feel they have more bargaining power than they once did – and some are not afraid to use it.

Prabowo’s Approval Rating Tops 80 Percent After 100 Days in Office
By Sebastian Strangio
Since taking office in October, the Indonesian president's popularity has been boosted by his tax cuts and free meal program.

New iPhone Still Barred From Sale in Indonesia Despite Apple Investment
By Sebastian Strangio
Jakarta seems determined to use the leverage it enjoys as the world's fourth-largest smartphone market to extract maximum benefits from the U.S. tech giant.

What Indonesia’s 2025 Budget Tells Us About Prabowo’s Fiscal Outlook
By James Guild
To a large extent, fears about uncontrolled government spending have been overblown.

Indonesia Scales Back Planned VAT Hike, Will Apply Only to Luxury Goods
By Sebastian Strangio
The last-minute shift by President Prabowo Subianto came in response to strong criticisms from business associations and labor unions.
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