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
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

The ongoing conflict in the Middle East has made imported energy an expensive alternative for industries in South-east Asia’s largest economy.

Indonesia’s manufacturers hit hard by Middle East energy shock, domestic gas crunch

Dual shock is squeezing margins, disrupting production and eroding competitiveness, say market players

Michael Bambang Hartono (seen here in 2018) played a pivotal role in transforming Djarum into one of Indonesia's largest producers of clove cigarettes.
OBITUARY

Indonesia’s richest man, Djarum co-owner Michael Bambang Hartono, dies aged 86

The tycoon had an estimated net worth of US$17.5 billion

Indonesian Finance Minister Purbaya Yudhi Sadewa says the government will soon ask all ministries and agencies to reassess their budgets to identify spending that could be cut.

Indonesia eyes Budget cuts amid high oil prices, keeps free meal programme fund intact

The move could calm market concerns over a possible rise in the budget deficit from higher oil prices, says an economist

Pandu Sjahrir, chief investment officer of Danantara, says the sovereign wealth fund's performance should be judged over a longer horizon.

Indonesia’s Danantara shifts to investment phase, targets 7% returns

Some early gains could emerge from investments in bonds and equities, says a key executive

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