Economy & Finance

Indonesia’s Rupiah is Teetering as Global Oil Prices Blast Past $100

JAKARTA, Indonesia (JakartaWeekly.com) – The Indonesian rupiah is hovering at a perilous psychological crossroads, inching closer to the Rp17,000 per US dollar mark as a perfect storm of soaring energy costs and a hawkish Federal Reserve batters emerging market sentiment. On Monday morning, the currency slipped further to Rp16,981, a move that analysts say is […]

“To the Moon”: Finance Minister Doubts Market Doom, Predicts Indonesian Stocks Will Hit 10,000

JAKARTA, Indonesia (JakartaWeekly.com) – Despite a brutal sell-off that has wiped out nearly 20 percent of the Jakarta Composite Index (IHSG) this year, Finance Minister Purbaya Yudhi Sadewa remains defiantly bullish on Indonesia’s market outlook. On Monday, as the index slumped by 1.61 percent to close at 7,022.29, Purbaya brushed off investor fears surrounding the […]

Defending the 3% Line: Indonesia Scrambles to Cut Ministry Waste as Global Oil Spike Threatens Budget

JAKARTA, Indonesia (JakartaWeekly.com) – Indonesia’s finance ministry has begun identifying potential budget cuts across government agencies, a preemptive strike aimed at protecting the nation’s fiscal deficit as soaring global oil prices put the state treasury under immense pressure. Finance Minister Purbaya Yudhi Sadewa confirmed on Monday that his office is drafting an efficiency plan to […]

Rupiah Weakens Toward Rp17,000 as Oil Prices Surge

The Indonesian rupiah weakened on March 13, 2026 as rising global oil prices, geopolitical tensions in the Middle East, and a stronger US dollar increased pressure on emerging market currencies. Analysts say inflation risks and higher bond yields could keep the rupiah volatile in the coming week.

Asia’s New Power Map: How Indonesia Plans to Overtake Japan and South Korea by 2050

JAKARTA, Indonesia (JakartaWeekly.com) – The global economic center of gravity is shifting rapidly toward Southeast Asia, with Indonesia projected to leapfrog traditional industrial powerhouses Japan and South Korea to become the world’s fifth-largest economy by 2050. Speaking at the Tokyo Conference 2026, Indonesia’s Coordinating Minister for Economic Affairs, Airlangga Hartarto, laid out a bold vision […]

Gold Slips in Jakarta: Is Now the Moment to Buy Antam’s Latest Price Dip?

JAKARTA, Indonesia (JakartaWeekly.com) – Prices for Indonesia’s benchmark gold bars saw a marginal retreat on Thursday morning, as the state-owned miner PT Aneka Tambang (Antam) adjusted its rates downward amid shifting market conditions. As of 9:20 AM WIB, the price for one gram of Antam gold was quoted at Rp3,042,000, according to the official Logam […]

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