JAKARTA, Jakartaweekly.com— Rising food prices remained the primary driver of Indonesia’s inflationary pressures in May 2026. Data released by the Central Statistics Agency (BPS) showed that food inflation reached 5.88% year-on-year (y-o-y), nearly double the national inflation rate of 3.08%. BPS data showed that the Consumer Price Index (CPI) increased from 108.07 in May 2025 […]
Angel investor Elisabeth Kurniawan believes the tech winter has not eliminated startup opportunities in Indonesia and Southeast Asia—it has simply made investors more disciplined. As capital shifts toward sustainable business models, founders with strong execution, proven demand, and customer retention strategies are increasingly attracting investor attention.
MAGELANG, Jakartaweekly.com—The celebration of the Three Holy Days of Vesak 2570 Buddhist Era (BE) at the Borobudur Temple compounds in Magelang, Central Java, has proven to be more than just a spiritual milestone for Buddhists. The annual event has once again delivered a significant boost to the regional tourism sector and the local economy. The […]
JAKARTA, Jakartaweekly.com — President Prabowo Subianto said Indonesia’s economic development should not be driven solely by economic growth and statistical indicators, stressing that the success of development must be measured by the extent to which its benefits are directly felt by the people. Speaking at the commemoration of Pancasila Day, Prabowo said economic development should […]
FRANKFURT, Jakartaweekly.com—The European Central Bank (ECB) has appointed three new Directors General to fill senior leadership positions within the institution. According to the ECB’s official website, the new appointments include Roland Straub as Director General Monetary Policy, Christophe Kamps as Director General International and European Relations, and Petra Senkovic as Director General Legal Services. In […]
REYKJAVIK, Jakartaweekly.com — Federal Reserve Vice Chair for Supervision Michelle W. Bowman indicated that the U.S. central bank may still have room to keep its benchmark interest rate unchanged ahead of the next Federal Open Market Committee (FOMC) meeting in mid-June 2026. Speaking at the Reykjavík Economic Conference 2026 in Iceland on Friday (May 29, […]
JAKARTA, Jakartaweekly.com—The rupiah weakened again against the United States dollar in trading on Friday, May 29, 2026, amid a strengthening US dollar index driven by a combination of global geopolitical sentiment, inflationary pressures in the United States, and market concerns over Indonesia’s domestic fiscal condition. At the close of trading on Friday, May 29, 2026, […]
JAKARTA, Jakartaweekly.com — The rupiah exchange rate against the US dollar weakened again at the close of trading today, Tuesday, May 26, 2026. This condition increases the risk of layoffs domestically. The rupiah was traded at Rp17,796 at the close of trading, weakening by 52 points compared to Monday’s closing on May 25, 2026. In […]
Indonesia’s JCI is expected to move higher following gains in U.S. and Asian markets, although investors remain cautious over the country’s widening current account deficit in the first quarter of 2026.
JAKARTA, Jakartaweekly.com – A statement by President Prabowo Subianto regarding rural communities being unaffected by the rise of the United States dollar received a negative response from the market. The situation is believed to have added pressure on the rupiah, which continues to weaken against the US dollar. Currency and commodity analyst Ibrahim Assuaibi said […]
