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JCI Rallies Ahead of Eid Holiday on Wall Street Boost, Oil Swings

... brokerage also pointed out that US President Donald Trump had asked ... budget deficit cap of 3% of GDP would only be breached under ... in oil prices helped lift US stocks to their strongest session ... per barrel on Tuesday, while US benchmark crude rose to $97 ...
Business Mar 17, 2026 | 4:10 pm

JCI Rebounds 0.75% as Bargain Hunting Kicks In Despite Global Risks

... Middle East, particularly the US-Iran conflict, which has ... Adding to geopolitical uncertainty, US President Donald Trump said his ... deficit beyond the 3% of GDP cap would only be considered ... Nasdaq Composite jumped 1.2%. Benchmark US crude fell 5.3% to settle ...
Business Mar 17, 2026 | 9:02 am

Indonesia Says It's Still in Safe Zone, No Need to Lift 3% Deficit Cap

... 3% of the gross domestic product (GDP), depending on the fluctuating oil ... can even reach 4.06% of GDP in the worst-case scenario ... seen such indicators [that require us to roll out a Perppu deficit ... deficit stood at 0.53% of GDP. The full-year budget shortfall ...
Business Mar 16, 2026 | 5:10 pm

Three Oil Scenarios Show Indonesia Deficit Breaching 3% Limit

... will be difficult for us to maintain the deficit at ... to around 17,000 per US dollar, economic growth holds ... would widen to 3.18% of GDP. Read More: Indonesia Has ... expand to 3.53% of GDP. In the worst-case ... swell to 4.06% of GDP. All three scenarios would breach ...
Business Mar 14, 2026 | 1:55 pm

$5.1 Trillion Bloc D-8 Postpones Jakarta Talks as Iran War Rages On

... members to slam the US-Israeli strike. Iranian Ambassador ... a strong condemnation”. The first US-Israeli strikes on Iran began ... Gulf states that host US bases. The fighting has ... register a combined gross domestic product (GDP) of $5.1 trillion. Its population ...
News Mar 13, 2026 | 7:05 pm

Oil Rally Toward $100 Pressures JCI, Down 0.32% at Friday Open

... Goldman Sachs estimates, said US PCE inflation could reach around ... inflation at roughly 2.4%, while US economic growth projections for ... to PCE inflation and reduce GDP growth by about 0.1 percentage ... slow consumption, although the US economy is now considered ...
Business Mar 13, 2026 | 9:13 am

Government’s Playbook for Expensive Oil: Biofuels, Strategic Reserves, and Budget Discipline

... surged in recent weeks as US-Israeli strikes on Iran rattled ... disruptions. “The president has directed us to immediately build the storage ... Surging Oil Prices Are Affecting US Consumers at Gas Pump and ... ’s Budget Deficit to Near 4% of GDP if Oil Prices Top $100 ...
Business Mar 13, 2026 | 8:02 am

'21st Century Can Be Asian Century', Indonesia Says

... stability as seen in the US-Israel versus Iran conflict. Oil ... % to global gross domestic product (GDP) by 2050. Airlangga called on ...
Special Updates Mar 12, 2026 | 12:55 pm

JCI Opens Slightly Higher but Caution Dominates Ahead of Idul Fitri Holiday

... global uncertainty tied to the US–Israel conflict with Iran and ... 2026, equivalent to 0.53% of GDP. The figure remains in line ...
Business Mar 12, 2026 | 9:10 am

JCI Rises 0.58% at Open as Oil Retreats and Ramadan Consumption Outlook Holds

... uncertainty over the ongoing US-Israel conflict with Iran. ... already occurred on Monday before US markets closed, limiting its ... through the Middle East. US President Donald Trump initially suggested ... investment. The ratio to GDP remained manageable at 18.8%, ...
Business Mar 11, 2026 | 9:01 am

Jakarta Stocks Tumbled 3.27% as Oil Shock Sparks Fears for Indonesia’s State Budget

... with Asian markets as the US–Israel conflict with Iran deepened ... Soaring Meanwhile, weaker-than-expected US employment data released Friday initially ... 0.53% of gross domestic product (GDP). Pilarmas warned that the ongoing ...
Business Mar 9, 2026 | 4:12 pm

Indonesia’s Budget Deficit to Near 4% of GDP if Oil Prices Top $100

... domestic product (GDP), thereby breaching its legal cap. The US-Israeli strike ... 4% of the gross domestic product [GDP],” Nakam said over the weekend ... no more than 3% of the GDP. As a widening deficit looms, ... will stand at 3.6% of GDP. We will take measures to ...
Business Mar 9, 2026 | 9:17 am

JCI Sinks 5.45% in Early Trading as Oil Tops $100 and Global Markets Reel from War Fears

... and liquidity, strengthening the US dollar while pressuring equities ... Reserves as Prices Surge US President Donald Trump said ... deficit below the 3% of GDP limit under Indonesia’s fiscal discipline ... fell 1.3% after data showed US employers cut more jobs than ...
Business Mar 9, 2026 | 9:03 am

Oil Near $90 on Iran Tensions, Raising Indonesia Fuel Subsidy Risks

... . Escalating tensions between Iran and US-Israel risk disrupting global energy ... domestic product. “With projected nominal GDP in 2026 at around Rp ... would be roughly 0.12% of GDP,” he said. Read More: Fuel ...
Business Mar 6, 2026 | 9:23 pm

JCI Plunges 1.62% as Middle East Conflict, Oil Surge Fears Weigh on Indonesian Stocks

... Armed confrontation between the US–Israel alliance and Iran ... ’s leadership dynamics, while the US House rejected a peace resolution ... after Beijing set a 2026 GDP growth target of 4.5%–5%. The ... linked to the Iran conflict. US benchmark crude slipped 0.8% to ...
Business Mar 6, 2026 | 4:11 pm

Fitch Downgrade Won't Stop Indonesia's $19.8 Billion Free Meal Program

... -aided lunches. This includes the US, which lets students from low ... reach 2.9% of gross domestic product (GDP), hence beating the government’s 2.68 ... tag stands at 1.3% of Indonesian GDP for 2025-2029. For this ...
Business Mar 5, 2026 | 7:13 pm

JCI Rises 1.76% to 7,765 as Asian Markets Rebound

... its fiscal deficit at 4% of GDP while setting a consumer inflation target ... SSE climbed 0.64% to 4,108. US stocks also rebounded on Wednesday ...
Business Mar 5, 2026 | 4:20 pm

JCI Surges 1.56% as Wall Street Rally Lifts Asian Markets

... between Iran and the US–Israel alliance, particularly to ... already established agreements with several US energy companies,” the brokerage ... toward Arab countries hosting US military bases, while NATO ... of relaxing the 3% of GDP deficit limit, which could weaken ...
Business Mar 5, 2026 | 9:01 am

Spain Says 'No to the War' in Iran Despite Trump's Trade Threat

... any direct contact with the US since Trump's criticisms, Economy ... goods to the US accounted for 1% of Spain's GDP, or 16 billion ... spending by members to 5% of GDP. At the time, the ... by spending less — just 2.1% of GDP — a move that Trump roundly criticized ...
News Mar 4, 2026 | 10:20 pm

JCI Slumps 4.6% as Fitch Outlook Cut and Middle East War Rattle Markets

... War Uncertainty Earlier, US President Donald Trump pledged ... appears unconvinced that the US president’s assurances regarding ... “Trump’s assurances of US underwriting of shipping insurance against ... deficit below the 3% of GDP threshold, even as geopolitical ...
Business Mar 4, 2026 | 4:04 pm
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