Jakarta Power Play
Jakarta Fair 2025 closes with Rp 7.3 trillion in transactions, 5.9 million visitors
The 2025 Jakarta Fair Kemayoran (JFK), Southeast Asia’s largest and longest-running multi-product exhibition, officially concluded on Sunday, July 13, 2025at the Jakarta International Expo (JIEXPO) Kemayoran, Central Jakarta, recording a total of Rp7.3 trillion (US$442 million) in transactions and attracted 5.9 million visitors.
Finance ministry seeks Rp52 trillion budget for 2026 despite prior cuts
Finance Minister, Sri Mulyani Indrawati, has proposed an expanded budget of Rp52.02 trillion (US$3.21 billion) for the 2026 fiscal year, marking an increase of Rp4.88 trillion (US$301.2 million) from the initial indicative ceiling of Rp47.13 trillion (US$2.91 billion).
Government clarifies e-commerce platforms not to collect taxes from MSMEs
Minister of Cooperatives and Small and Medium Enterprises (SMEs), Maman Abdurrahman, has emphasized that e-commerce platforms will not be appointed to collect taxes from micro, small, and medium enterprises (MSMEs) operating on their platforms.
House approves 2026 State Budget deficit projection at 2.48–2.53 percent of GDP
Finance Commission XI of the House of Representatives (DPR) has approved the government’s projected budget deficit for the 2026 draft state budget (RAPBN), setting it between 2.48 percent and 2.53 percent of gross domestic product (GDP), lower than the revised 2025 outlook of 2.78 percent.
Jakarta composite index projected to reach 7,300 by year-end amid recovery signals
The Indonesian Composite Stock Index (IHSG) is projected to reach 7,300 by the end of 2025, with signs of recovery expected to emerge in the second quarter, according to BRI Danareksa Sekuritas.
Indonesia set to launch Rp130 T housing KUR program this month
The Ministry of Public Housing and Settlements is preparing to roll out a landmark housing-focused People’s Business Credit (KUR) program worth Rp130 trillion (US$8 billion) by the end of this month.
House confirms Ricky Perdana Gozali as New BI Deputy Governor
The House of Representatives (DPR) has approved Ricky Perdana Gozali as Deputy Governor of the Indonesian Central Bank (BI) for the 2025–2030 term following a fit and proper test conducted by the House’s finance and monetary affairs Commission XI.
House assigns Danantara to work with Commissions VI and XI
The House of Representatives (DPR) has appointed its Commission VI and Commission XI as parliamentary partners for the newly established State investment management agency Daya Anagata Nusantara (BPI Danantara).
Jakarta’s Rorotan RDF Plant to begin operation in July, tackle city’s mounting waste
Minister of Environment, Hanif Faisol Nurofiq, has called for the immediate operation of the Refuse Derived Fuel (RDF) facility in Rorotan, North Jakarta, by July 2025, emphasizing that the plant’s infrastructure is already proven and ready for deployment.
Bank DKI rebranded as Bank Jakarta to mark strategic transformation
Bank DKI has officially rebranded itself as Bank Jakarta, unveiling a new name and logo as part of a broader strategic transformation aimed at building a stronger, more adaptive, and professional institution.
Govt to sanction industrial tenants for Greater Jakarta’s air pollution
The Ministry of Environment and Forestry (KLH) is preparing to issue mandatory administrative sanctions against dozens of companies operating within two industrial areas in North Jakarta and Bekasi Regency for their contribution to deteriorating air quality in Greater Jakarta area (Jabodetabek).
ESDM minister deflects question on canceled electricity discount
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has opted not to comment on the recent cancelation of electricity tariff discounts for June–July 2025, pointing instead to fellow Cabinet member, Minister of Finance Sri Mulyani Indrawati, who has made the announcement on the discount policy.