Economy & Finance

Strong Ecosystems, Not Just Strong Founders, Build Great Companies

Global research shows that sustainable business growth increasingly depends on strong ecosystems rather than individual founders alone. Entrepreneur and investor Elisabeth Kurniawan says Indonesia's next generation of successful startups will be shaped by stronger collaboration, better systems, and an environment that enables innovation to scale.

Bank Mandiri Q2 Profit Climbs 24.4% to Rp30.4T

Bank Mandiri reported a strong second-quarter performance in 2026, posting a 24.4% year-on-year increase in net profit to Rp30.4 trillion, driven by nearly 20% loan growth, expanding digital banking adoption, healthy asset quality, and continued support for Indonesia's economic development through MSME financing, infrastructure lending, and sustainable finance initiatives.

Government Aims for First Red-and-White Cooperative Payment by September

JAKARTA, Jakartaweekly.com—The Indonesian government aims to complete all administrative requirements for the Red-and-White Village Cooperatives (Koperasi Desa Merah Putih) and Red-and-White Urban Village Cooperatives (Koperasi Kelurahan Merah Putih) by August 2026, allowing the first installment payment to the Association of State-Owned Banks (Himbara) to be made before it falls due in September. The target was […]

Indonesia-Kazakhstan Sign Industrial Cooperation MoU at INNOPROM 2026

Indonesia and Kazakhstan have signed a Memorandum of Understanding (MoU) on industrial cooperation during INNOPROM 2026, paving the way for deeper collaboration in manufacturing, investment, technology transfer, and supply chain development as Indonesia strengthens its economic engagement with the Eurasian region.

Indonesia Manufacturing Slump Deepens as PMI Falls to 46.9,

Indonesia's manufacturing sector contracted further in June as the PMI fell to 46.9, while the country posted its first trade deficit in six years. Industry leaders and economists warn that weakening demand, rising production costs, and layoffs could weigh on the country's economic outlook.

Beyond the Myth: How Gunung Kawi’s Economy Depends on Pilgrims, Not Mysticism

JAKARTA, Jakartaweekly.com — Since early morning, flower sellers have been arranging their offerings around the Gunung Kawi complex in Malang Regency. The scent of incense mingles with the fragrance of fresh flowers as pilgrims arrive one after another. Nearby, food stalls begin serving customers, guesthouses prepare to welcome tour groups, and small business owners hope […]

Pertamina Cuts Prices of Non-Subsidized Fuel Starting July 1

Pertamina Patra Niaga has reduced the prices of several non-subsidized fuel products, including Pertamax Turbo, Dexlite, and Pertamina Dex, effective July 1, 2026. The adjustment follows a regular price evaluation based on global oil market trends and government regulations.

SW Sustainability Center: Sustainability Is a Business Performance Driver

Speaking at the Asia-Pacific Sustainable Business Summit 2026, SW Sustainability Center Managing Partner Febryanti Simon highlighted how sustainability can enhance operational efficiency, strengthen resilience, attract investment, and create long-term business value. She emphasized that companies integrating sustainability into capital allocation and business strategy will gain a stronger competitive advantage in the years ahead.

Indonesia, a Paradise for Muslim-Friendly Travel: 10 Must-Visit Destinations

JAKARTA, Jakartaweekly.com — As the country with the world’s largest Muslim population, Indonesia stands at a pivotal moment in shaping the future of global Muslim-friendly tourism. Across its vast archipelago, destinations continue to evolve to meet the expectations of Muslim travelers seeking comfort, convenience, and peace of mind in practicing their faith while traveling. These […]

Bank Indonesia Tightens Monetary Policy, Lifts BI-Rate to 5.75%

JAKARTA, Jakartaweekly.com — Bank Indonesia has tightened monetary policy once again by raising its benchmark interest rate, known as the BI-Rate, by 25 basis points (bps) to 5.75%. The central bank also increased the Deposit Facility rate by 25 bps to 4.75% and the Lending Facility rate by 25 bps to 6.50%. Ramdan Denny Prakoso, […]

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