JAKARTA, Jakartaweekly.com—An economist warned that Bank Indonesia’s (BI) interest rate hikes will only have a temporary impact unless they are accompanied by credible and firm fiscal disciplines. BI raised its BI rate by 25 basis points (bps) to 5,5% during a weekly Board of Governors Meeting (RDG) on Tuesday, June 9, 2026. The central bank […]
JAKARTA, Jakartaweekly.com — The Jakarta Provincial Government is offering investment opportunities worth Rp271.3 trillion through the 2026 Jakarta Investment Festival (JIF), aiming to attract both domestic and international investors. The figure comprises dozens of strategic projects and area development initiatives designed to drive long-term investment into the capital. The investment pipeline was unveiled by Fransisca […]
The Wakara Foundation and the Indonesian Nazhir Association (ANI) have officially partnered to enhance the professionalism of waqf managers (nazhir) and optimize productive waqf assets for broader socio-economic impact.
JAKARTA, Jakartaweekly.com—After breaking through the Rp18,000 per U.S. dollar level, the Indonesian rupiah could weaken further to Rp19,000 and may even reach Rp25,000 by the end of the year if the government fails to exercise caution. Economist, Currency, and Commodities Analyst Ibrahim Assuaibi said the rupiah’s depreciation against the U.S. dollar is the result of […]
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, […]
