{
    "success": true,
    "data": {
        "id": 1784262,
        "msgid": "dollar-hits-18-000-rupiah-business-owners-consider-accelerating-layoffs-1780563225",
        "date": "2026-06-04 14:31:27",
        "title": "Dollar Hits 18,000 Rupiah: Business Owners Consider Accelerating Layoffs",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "Indonesian business owners are freezing recruitment and considering speeding up layoffs as the rupiah weakens past 18,000 per US dollar. The chairman of the Indonesian Exporters Association warns that companies reliant on dollar-denominated imported materials but earning in rupiah are suffering losses. He noted the current situation differs from the 1998 crisis due to the nation's larger foreign exchange reserves.",
        "content": "<p>Amid the rupiah\u2019s continued depreciation against the US dollar,\nreaching Rp 18,000\/US$, business actors have halted new job openings for\nefficiency. Some are even accelerating layoff plans as they struggle to\nmaintain cash flow.<\/p>\n<p>This was conveyed by Benny Soetrisno, Chairman of the Indonesian\nExporters Association (GPEI), on Thursday (4\/6\/2026).<\/p>\n<p>\"The stop on job vacancies has actually been in place for a long\ntime. With the current situation, the decision is to accelerate the\nlayoff process; if there are employees who are no longer needed, the\nlayoffs are sped up. What business owners are protecting is cash flow,\"\nhe said.<\/p>\n<p>Beyond maintaining cash flow and efficiency, business owners see no\nclarity on when the pressure on the rupiah will end or when it will\nstrengthen again\u2014no one knows.<\/p>\n<p>He cited the Textile and Textile Products (TPT) sector as an example\nof a heavily pressured area, specifically the garment industry where raw\nmaterials are imported using dollars but the finished product market is\nin rupiah domestically.<\/p>\n<p>However, for export-focused sectors, the rupiah\u2019s depreciation is\nactually beneficial. Business owners can still import raw materials\nusing the Yuan from China.<\/p>\n<p>\"When the dollar is high, pity those who import raw materials using\ndollars but sell in rupiah; they are sure to lose money,\" he said.<\/p>\n<p>Benny also stressed that the current pressure on the rupiah cannot be\ncompared to the conditions in 1998. \"Of course, it is different from\n1998; previously our foreign exchange reserves were small, now they are\nabove US$ 100 billion,\" he stated.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/dollar-hits-18-000-rupiah-business-owners-consider-accelerating-layoffs-1780563225",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}