The Business Times
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Elisa Valenta

Elisa Valenta

INDONESIA CORRESPONDENT

Elisa Valenta joined BT as its Indonesia correspondent in 2023. She began her journalism career in 2014, reporting on the Indonesian economy with a focus on capital markets, macroeconomics, energy, startups and commodities. Prior to joining BT, she held reporting roles at CNN Indonesia and Forbes Indonesia. With a decade of experience, she brings deep insight into one of South-east Asia’s most dynamic markets.

emailsaeval@sph.com.sg
Senior executives of the participating institutions at the signing ceremony include Eddy Porwanto, acting CEO of INA (sixth from left), Zhang Qingsong, chairman and CEO of CIC (seventh from left), Israfil Mammadov, CEO of State Oil Fund of the Republic of Azerbaijan (eighth from left) and Wu Peng, chairman of CGS International Securities (extreme right).

Three sovereign wealth funds anchor new China-Asean investment platform; US$520 million secured in first close

There are plans to expand the fund to US$1 billion as it targets opportunities emerging from deeper ties between China, S-E Asia

Nickel matte at a refining facility in South Sulawesi. About 83% of Indonesia’s nickel output went to the stainless steel sector in 2025.

Indonesia risks missing EV boom as most nickel goes to stainless steel, research says

The growing adoption of nickel-free battery technologies is an added risk

Indonesian President Prabowo Subianto (left) and Russian President Vladimir Putin have pledged deeper economic and energy cooperation.

Indonesia eyes Russian crude as Middle East tensions deepen import gap, subsidy strain

The move comes as countries scramble to secure energy supplies while the conflict drags on

Governments and airlines overseeing the annual Haj pilgrimage have pledged to ensure this year’s rituals go ahead despite mounting geopolitical tensions and surging oil prices.

Fuel shock meets faith: Iran war drives up pilgrimage costs for South-east Asian Muslims

Surging oil prices are forcing airlines to balance rising costs with their commitment to transport pilgrims

Indonesia's airlines will likely raise fuel surcharges by as much as 38%, from about 10% for jet aircraft and 25% for turboprop services.

Indonesia to let airlines increase fuel surcharges as aviation costs soar

Aviation fuel prices have surged about 70% in the country, triggered by the Iran war

The disclosure aims to provide investors with clearer visibility on ownership structures in listed companies.

Indonesia names companies with high ownership concentration following MSCI transparency push

List includes Barito Renewables Energy and Dian Swastatika Sentosa

A garment factory in Ho Chi Minh City. In March, Vietnam saw the strongest rise in selling prices in almost 15 years as the war in the Middle East boosts cost inflation.

Asean manufacturing faces slowdown amid rising costs linked to Middle East conflict

S&P Global’s Asean manufacturing PMI falls to 51.8 in March, from 53.8 a month earlier

Singapore’s position as a transhipment and logistics hub may come under strain, with stricter rules likely to raise compliance costs and divert trade flows.

One year of Trump tariffs: What has changed and what’s next for South-east Asia?

The levies are reshaping supply chains and driving structural shifts, but the full impact is still to come

Suryo Suherman, president director of Indonesia Cinema XXI, maintains that Indonesia remains one of the world’s most attractive cinema markets.
THE LEADERSHIP PLAYBOOK

‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change

Caution, not aggression, defines how president director Suherman runs South-east Asia’s largest cinema operator by screen count

Samin Tan (in pink vest) arriving for questioning at the Indonesian Attorney-General's Office in Jakarta. He is one of Indonesia’s wealthiest individuals, with a net worth estimated at about US$940 million.

Coal tycoon Samin Tan arrested as Indonesia deepens illegal mining crackdown

It is one of the most high-profile moves yet in Jakarta’s sweeping clampdown on such activities in the sector

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