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1 week ago | 
thejakartapost.com | Deni Ghifari
President Prabowo Subianto has pushed for cooperation between Singapore’s sovereign wealth fund Temasek and Indonesia’s state-asset fund Danantara in the development of Batam, Riau Islands. In his first state visit to Singapore following his inauguration in October, Prabowo attended the annual leaders’ retreat with Singapore Prime Minister Lawrence Wong in which he expressed the hope of partnership between the funds.
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1 week ago | 
thejakartapost.com | Deni Ghifari
The World Bank has announced a US$2.1 billion blended finance package spanning over two different projects, which it said were the first approved in support of the Indonesian Government’s goal of reaching high-income status by 2045. The bank wrote in a statement on Monday, the packages were intended to create jobs, boost economic growth and improve clean energy access across Indonesia.
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1 week ago | 
thejakartapost.com | Deni Ghifari
The government currently sees no need to send another delegation to the United States for the negotiations on tariffs as it believes it has made its case for open bilateral trade and says the ball is now in the US’ court.
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1 week ago | 
thejakartapost.com | Deni Ghifari
The government plans to push up the poverty line in a move that would bring Indonesia’s measure closer to that of the World Bank, even though that could be politically risky, as it would categorize more people as poor.
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2 weeks ago | 
asianews.network | Deni Ghifari
June 13, 2025JAKARTA – Talks between Indonesia and the United States remain in limbo just days ahead of a deadline both parties set for reaching a trade deal to avert punishing US import tariffs that would effectively shut off the world’s largest consumer market for many Indonesian products.
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2 weeks ago | 
thejakartapost.com | Deni Ghifari
Edi Slamet Irianto, a former tax expert on President Prabowo Subianto’s 2024 campaign team, has accused Finance Minister Sri Mulyani Indrawati of standing in the way of the President’s plan to establish a stand-alone state revenue agency. Acording to him, Sri Mulyani had rejected the plan for administrative reasons, in addition to her perception that its establishment would not make a dent in improving state revenue.
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2 weeks ago | 
thejakartapost.com | Deni Ghifari
Talks between Indonesia and the United States remain in limbo just days ahead of a deadline both parties set for reaching a trade deal to avert punishing US import tariffs that would effectively shut off the world’s largest consumer market for many Indonesian products. Asked where the negotiations currently stood, Edi Prio Pambudi, an undersecretary at the Office of Coordinating Economy Minister, told The Jakarta Post on Wednesday that Indonesia “is awaiting America’s response”.
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2 weeks ago | 
thejakartapost.com | Deni Ghifari
The Indonesian government is revising its poverty line definition that has been in place for 26 years as per capita gross domestic product (GDP) has sharply increased and consumption patterns have shifted. National Economic Council member Arief Anshory Yusuf said the redefinition is being worked on by his office alongside Statistics Indonesia (BPS), the National Development Planning Agency (Bappenas) and the Statistics Society Forum.
Indonesia last revised its poverty line on 1998.
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2 weeks ago | 
thejakartapost.com | Deni Ghifari
Merchants on Indonesian e-commerce platform Tokopedia say a mandatory linkup with fellow ByteDance-owned platform TikTok Shop creates operational hassle for them because of a malfunctioning dashboard and the loss of certain benefits. An online flier issued by Tokopedia detailed that Monday was the deadline for what it called an “integration” of the two platforms, where merchants have to enroll on a single dashboard called Tokopedia & TikTok Shop Seller Center.
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3 weeks ago | 
thejakartapost.com | Deni Ghifari
Bank Indonesia (BI) has slashed its sharia financing target on account of expected slower GDP growth this year and slow market adoption. BI’s sharia economic and financial department head Imam Hartono said on Wednesday that sharia financing would still grow but at slower pace. Instead of the initial between 11 and 13 percent target, the central bank adjusted it downward to between 8 and 11 percent.
