The Business Times
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
Superbank

Grab-backed digital lender Superbank targets up to 3.1 trillion rupiah in December IPO

The bank lends to underserved consumers and SMEs through digital channels, leveraging Grab’s data

Hans Patuwo (left) and Patrick Walujo (right)

GoTo CEO Patrick Walujo steps down amid leadership reset; job goes to COO Patuwo

Change comes amid talk that GoTo has finalised a merger deal with Singapore’s Grab

This picture shows an employee working at the smelter of Harita Nickel, one of Indonesia’s largest nickel producers, on Obi Island, South Halmahera, North Maluku, on September 16, 2025. (Photo by DAENG MANSUR / AFP)

Nickel investors on edge as Indonesia tightens the screws on smelters

New rules require applicants for refinery permits to stop producing intermediate nickel products

Indonesia's Central Bank Governor Perry Warjiyo reacts during a press conference in Jakarta, Indonesia, November 3, 2025. REUTERS/Willy Kurniawan

Bank Indonesia holds rates, signals focus on rupiah stability amid capital outflows

The rupiah has fallen 3.8% this year and is Asia’s worst-performing currency

Amid the merger talks, the Indonesian government is also preparing a presidential regulation that would grant benefits to active drivers, including access to health insurance. REUTERS/Willy Kurniawan

Jakarta’s golden share in Grab-GoTo deal signals state tightening oversight of critical tech assets

Media reports say state fund Danantara may take a golden share in the combined entity

Motorcycles in Jakarta

Indonesia’s electric motorcycle market hits a speed bump following subsidy rollback

Electric motorcycle sales plunge 50% in the first half of 2025 following subsidy rollbacks this year

In Demak alone, three villages have been lost to rising waters in the past decade, with one completely submerged last year, forcing more than 100 families to relocate.
ASIA UNPACKED

‘Fighting the sea every day’: Indonesia’s US$80 billion bid to save sinking Java coast

As rising seas threaten Indonesia’s industrial belt, the government is counting on a 500-km seawall to keep its economic engine afloat

The rupiah has hovered around 16,600 against the US dollar and weakened by more than 3 percent year-to-date, making it one of Asia’s weakest currencies.

Weak rupiah, capital outflows could complicate Indonesia’s redenomination plan: analysts

The country’s plan to simplify the rupiah’s nominal value has resurfaced repeatedly over the past decade

Coal companies’ profits have plunged in line with the price drop.

Indonesia’s coal boom hits wall as methane soars, profits sink: Ember

Global oversupply has pushed coal prices down and eroded fiscal returns, while domestic demand is growing only modestly

Indonesia remains resilient and could potentially finish the year with growth above 5%, says Wijayanto Samirin of Paramadina University. However, he stresses that the focus should be on the quality of growth rather than the headline figure.

Indonesia’s Q3 growth cools as protests, policy shifts test investor confidence

Consumer spending shows strain amid rising costs

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