News | Business-Indonesia

This Week's Headlines (May 16-22, 2026)

This Week: Govt Eyes 6.5% Economic Growth in 2027, Indonesia Eases Earnings Retention Rules for US Exports, and Launches Auction for 13 New Oil and Gas Blocks

22 May 2026
BI Raises Interest Rate by 50 bps to 5.25% Amid Rupiah Downtrend

Bank Indonesia raised its benchmark interest rate by 50 bps to 5.25% during its Board of Governors Meeting on 19–20 May 2026. The decision was made as the rupiah continued to weaken, breaching the

21 May 2026
Indonesia to Centralize Key Commodity Exports Under State-Linked Entity

President Prabowo Subianto has announced a policy to centralize exports of several strategic natural resource commodities through a government-appointed state entity, in a move aimed at strengthening

20 May 2026
Indonesia’s Crude Oil Price Rises 14% to USD 117.31 per Barrel

The Ministry of Energy and Mineral Resources (ESDM) has set the average Indonesian Crude Price (ICP) for April 2026 at USD 117.31 per barrel. This figure increased by USD 15.05, or 14.72%, compared

19 May 2026
Bond Stabilization Fund Ready as Rupiah Reaches IDR 17,500, Finance Minister Says

Finance Minister Purbaya Yudhi Sadewa is preparing intervention measures in the bond market through the Bond Stabilization Fund (BSF) instrument in response to the rupiah’s sharp depreciation.

12 May 2026
Indonesia’s Automotive Industry Eyes Gradual Rebound as Competition Intensifies

The Indonesian automotive industry is moving into a more competitive phase where recovery does not benefit all players. Sales may be stabilizing after a weaker year, but underlying shifts in

06 May 2026

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Jakarta Moves to Shore Up Market Reforms After MSCI Stock Removals

Indonesian authorities are pressing ahead with stock market reforms after MSCI removed several major local companies from its indexes, a move that added pressure to the Jakarta Composite Index and

Bond Stabilization Fund Ready as Rupiah Reaches IDR 17,500, Finance Minister Says

Finance Minister Purbaya Yudhi Sadewa is preparing intervention measures in the bond market through the Bond Stabilization Fund (BSF) instrument in response to the rupiah’s sharp depreciation.

This Week's Headlines (May 2-8, 2026)

This Week: ASEAN convenes under shadow of global oil shock, South Korea’s Simone Invests USD 24.7 Million in Batang SEZ Factory, and Indonesia to keep subsidies in LPG-to-CNG transition

Indonesia to Increase Electric Vehicle Incentive Quota

Finance Minister Purbaya Yudhi Sadewa stated that the government will accelerate the provision of subsidies for electric vehicles. The state treasurer said President Prabowo Subianto had instructed

Indonesia Tightens Dollar Purchase Rules as Rupiah Hits Record Low

Bank Indonesia (BI) is preparing to tighten rules on United States dollar purchases after the rupiah weakened to a record low of around IDR 17,443–IDR 17,446 per USD 1 on Tuesday, 5 May 2026.

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