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Said Iqbal, special presidential advisor for employment and workers’ welfare, stated those companies located in Pasuruan and Mojokerto, East Java, referred to them only by the initials PT J and PT S.
4 hours agoRolling power outages across parts of Java and Bali over the weekend have disrupted household and business activities, reigniting concerns over the reliability of Indonesia’s electricity system, with experts warning that the situation could persist for up to two more weeks. ...
23 hours agoIndustry representatives stated that fiscal pressures have narrowed spending capacity among regional governments, particularly for healthcare services and medical equipment procurement. ...
1 day agoIn Indonesia, state utility PLN continues to fund grid development primarily through its own balance sheet; a model that places sustained pressure on its financial performance. Addressing financing challenges will be essential to ensuring the grid's readiness for a renewable-powered future.
1 year agoThe BI rate would remain at 5.50 percent, where it has stood since a 25-basis-point (bps) cut last month.
1 year agoDisused coal mines could be refashioned to place vast fields of solar panels, a new report suggests, providing an unlikely solution to a common obstacle to uptake of the green energy source.
1 year agoIn a bid to solve a funding shortfall for the President's "3 million homes" program, the housing ministry has come up with a plan to disburse Rp 130 trillion (US$7.98 billion) contributed by state banks under Danantara via the micro credit program (KUR).
1 year agoOther cooperation includes the sectors of renewable energy and sustainable industrial zones.
1 year agoTo compete with its neighbors, Indonesia must reframe regional tourism as a strategic priority rather than a side focus. This requires targeted action across three main areas: Destination development, air connectivity and service quality.
1 year agoThe instruments would allow the World Bank and its partners to mobilize an additional $345 million of private investment to finance solar and wind projects.
1 year agoThe government currently sees no need to send another delegation to the United States for the negotiations on tariffs as it believes it has made its case for open bilateral trade and says the ball is now in the US’ court.
1 year agoChina's factory output grew slower than expected last month as trade war pressures bit, official data showed Monday, while a bump in a key gauge of domestic consumption offered a rare bright spot for the economy.
1 year agoIndonesia has seen a steep decline in the number of artisanal batik producers over the past four years across key production centers from Java to Sumatra, as pressure mounts from a surge of mass-produced batik-like fabrics, most of which are imported.
1 year agoTalks between Indonesia and the United States remain in limbo just days ahead of a deadline both parties set for reaching a trade deal to avert punishing US import tariffs that would effectively shut off the world’s largest consumer market for many Indonesian products.
1 year agoEnergy and Mineral Resources Minister Bahlil Lahadalia has dismissed allegations linking former president Joko “Jokowi” Widodo to nickel mining activities in Raja Ampat.
1 year agoFinance minister Rachel Reeves is set to address parliament around midday, outlining her spending review in the hopes of boosting the country's sluggish growth, which risks added pressure from US President Donald Trump's tariffs onslaught.
1 year agoThe redefinition is being worked on by the National Economic Council alongside Statistics Indonesia (BPS), the National Development Planning Agency (Bappenas) and the Statistics Society Forum. Indonesia last revised its poverty line in 1998.
1 year agoIndonesia’s cement industry faced declining sales in the first quarter of this year amid a slowdown in government infrastructure development.
1 year agoChina's export growth slowed to a three-month low in May as US tariffs slammed shipments, while factory-gate deflation deepened to its worst level in two years, heaping pressure on the world's second-largest economy on both the domestic and external fronts.
1 year agoThree of US President Donald Trump top aides will meet with their Chinese counterparts in London on Monday for talks aimed at resolving a trade dispute between the world's two largest economies that has kept global markets on edge.
1 year agoIndonesia has seen an increasing outflow of skilled young adults seeking work abroad in a brain drain phenomenon experts attribute to concern around job opportunities within the country.
1 year agoInvestment in clean energy technologies is set to strike a record this year despite global economic uncertainty, double the spending on fossil fuels that will dip for the first time since 2020, the International Energy Agency said Thursday.
1 year agoSharia financing will still grow but at a slower pace. Instead of the initial between 11 and 13 percent target, the central bank has adjusted it downward to between 8 and 11 percent.
1 year agoThe OECD pointed to sluggish business and consumer confidence, dampened by uncertainty over fiscal policy and persistently high borrowing costs.
1 year agoThe US tariff rate on most imported steel and aluminum doubled on Wednesday as President Donald Trump ratchets up a global trade war on the same day he expects trading partners to deliver their "best offer" in bids to avoid punishing import tax rates on other goods from taking effect in early July.
1 year agoThe Finance Ministry says the issuance will depend on which market offers more favorable conditions in terms of pricing and costs.
1 year agoIn last-minute changes to a planned consumer stimulus package for June and July, the government has canceled an electricity discount but doubled wage subsidies.
1 year agoIndonesia has recorded its lowest trade surplus since it began a rally five years ago as industries restock goods in anticipation of rising risks from United States import duties.
1 year agoWith inflation sits well within the central bank target, it could open room for further monetary easing to support economy recovery, though it will likely remain cautious amid risks from global uncertainties.
1 year agoState-owned electricity company PLN has stated it might opt to delay the implementation of some projects stipulated in its new long-term electricity business plan (RUPTL) in the case of an electricity oversupply.
1 year agoAccording to the latest S&P Global report, Indonesia’s manufacturing purchasing managers’ index (PMI) remained in contraction territory at 47.4 in May, albeit slightly improved from 46.7 in the previous month.
1 year ago"It's a big deal. It is a real problem," Dimon told Maria Bartiromo on FOX Business Network's "Mornings with Maria" show, according to an excerpt of the interview that will air in full Monday.
1 year agoBeijing and Washington last month agreed to slash staggeringly high tariffs on each other for 90 days after talks between top officials in Geneva.
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