City Jakarta Financial News

We put so much of our lives out on social media without a thought isn’t it? We share our work, our successes, our moments of happiness on social media because that’s what everyone does. We even share our vulnerable moments, our sadness as well. Nothing wrong with that, you say?

Subscribe to enjoy similar stories.If the Iran War has taught us nothing else, it’s that weaponizing shipping routes is now the military move du jour. That has rightly turned attention to the Taiwan Strait, but in this era of intense US-China rivalry, the Strait of Malacca is just as important.The shipping route—which carries roughly 40% of global trade and around 80% of China’s imported oil—has long been regarded as vulnerable to disruption. Southeast Asia’s divisions will make any crisis much harder to contain.

For the emerging megacities of Asia, the oil crisis that spread out from the Strait of Hormuz is like the acute phase of a chronic condition. The largest migration in human history is filling their streets and alleyways to bursting point.Urbanization and births will add a billion more people between now and 2050. Jakarta and Dhaka, with 42 million and 37 million people respectively, have overtaken Tokyo at 33 million as the world’s biggest metropolises.

Subscribe to enjoy similar stories. Back in the day, when a country’s currency was under pressure, the worst thing it could do was impose capital controls. Stopping money from leaving might work temporarily, but it would cause investors to lose faith and shut the country out of financial markets in the long run.

Humanity’s future lies in some of the most vulnerable spots on the planet. We’ve seen that in stark relief of late. A United Nations report last month concluded that the world’s population is increasingly crowded into a group of often low-lying, middle-income megacities in Asia and Africa.Jakarta and Dhaka dethroned Tokyo’s long-held status as the world’s biggest city, with 42 million, 37 million and 33 million people respectively.

Indonesia is poised to join a select group of nations establishing a dedicated India-specific special economic zone (SEZ) aimed at attracting Indian investments in sectors such as automotive, electronics, movie production, pharmaceuticals, healthcare, and education.

Singapore where 12 flights were diverted to regional airports due to intense monsoon since Friday, the airport operator said on Tuesday. «The flights, operated by various airlines, were from destinations such as Bangkok, Jakarta, Phuket and Shanghai,» the Changi Airport Group told PTI.

Japan and Indonesia have pledged to deepen economic and defense ties during a visit by the Japanese prime minister

Subscribe to enjoy similar stories. The planned makeover of India's 14-year-old goods trade pact with Asean may take longer than expected as members of New Delhi's fourth largest trading partner press to negotiate tariffs individually, two people aware of the development said. The review, which was expected to be finalized at next month's Jakarta meeting of India and the Association of South East Asian Nations, has stalled since India's offer of a unified duty structure does not find favour among Asean members, two people aware of the development said.

US Treasury Department has sounded a new alarm bell in the form of a new debt limit that could come into picture on January 14 next year, according to Secretary Janet Yellen. This would mean that as soon as Donald Trump comes to power at the White House after taking over the reigns from Joe Biden, his administration would witness the United States could come up against its debt ceiling, according to The Jakarta Post's latest report.

Admiral Dinesh K Tripathi hosted a deck reception onboard Indian Navy's indigenous guided missile destroyer, INS Mysore in Jakarta during his four-day official visit to Indonesia. The details of the event were shared on X by the Spokesperson of the Indian Navy. «Adm Dinesh K Tripathi, #CNS, hosted a deck reception onboard #IndianNavy's indigenous guided missile destroyer #INSMysore at Jakarta, fostering cultural exchange, friendship & camaraderie between #India & #Indonesia.»

Apple Inc. has increased its offer to invest in Indonesia by almost tenfold, according to people familiar with the matter, in the US tech giant’s latest bid to persuade the government to lift its sales ban on the iPhone 16. The proposal would see Cupertino-based Apple invest almost $100 million in Southeast Asia’s largest economy over two years, the people said, asking not to be identified because they’re not authorized to speak publicly. Apple’s previous investment plan of close to $10 million would have involved the company investing in a factory making accessories and components in the city of Bandung, located southeast of Jakarta, Bloomberg News reported earlier. After Apple submitted its increased offer, Indonesia’s Ministry of Industry, which last month blocked a permit allowing the sale of the iPhone 16, is now demanding that the technology behemoth alter its investment plans to focus more on research and development for its smartphones in the country, the people said. The Ministry of Industry hasn’t made a final decision on Apple’s newest proposal, they added.

Subscribe to enjoy similar stories. Indonesia, for decades a natural partner to the US because of similar defence priorities and democratic values, has in recent years drifted more toward China, drawn by its economic support. A potentially more insular American foreign policy under President-elect Donald Trump is pushing Jakarta even closer to Beijing.

Subscribe to enjoy similar stories. JOKO ANWAR had a bleak childhood growing up in a slum in North Sumatra in Indonesia. “I was worried I might get kidnapped by Wewe Gombel," he says, referring to a female ghost in Javanese mythology known for abducting children.

On board that August flight from Jakarta to Los Angeles were Kaesang Pangarep, the younger son of President Joko Widodo of Indonesia, and Kaesang's wife, Erina Gudono. Details of the trip trickled out on Erina's social media accounts: a $1,500 stroller for their soon-to-be-born baby and a $25 lobster roll for lunch. Her posts were seen as tone deaf and led to an uproar at home because most Indonesians cannot afford luxury items. But what made many furious was the fact that the couple traveled on a private jet. It was the antithesis of the Everyman image Joko has long projected. The plane was linked to Shopee, the operator of an online mall. The company had planned to construct a new building in the city of Solo, where Joko began his political career and where until recently the mayor was his older son, Gibran Rakabuming Raka.

Indonesia with their consultations at the World Trade Organization (WTO) remaining inconclusive on Jakarta's proposal to extend safeguard duties on import of ceramic tile products. Indonesia plans to extend the duties by two years till November 2026, a move that may further hurt India's exports of the product to the island nation. The safeguard duties were first imposed in 2018 and India's exports of ceramic products to Indonesia have declined 65% between FY20 and FY24. «The result of the consultations was inconclusive. India reserves its right to request compensation as per the WTO Agreement on Safeguards,» said an official. Safeguard duties are custom tariffs that can be imposed temporarily by a WTO member to protect a specific domestic industry from an increase in imports of any product which is causing or threatening to cause harm to the industry.

Pope Francis said that American voters face the choice between “the lesser evil” in the upcoming U.S. presidential election, taking aim at both Democratic nominee Kamala Harris and Republican nominee Donald Trump, and emphasizing that he believes both are running for president on anti-life policies.

Indonesia and Vietnam signed multibillion-dollar energy transition deals in 2022 that were heralded as drastic shifts in financing that would enable the coal-dependent countries to pivot to cleaner energy

Subscribe to enjoy similar stories. The High Seas: Greed, Power and the Battle for the Unclaimed Ocean. By Olive Heffernan.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...