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The impact of the regulation on the banking industry would be uneven, as private banks may lose up to half of their export forex funds.
3 months agoThe finance minister has hailed "real improvement" across the board in tax collection, which the government said was the result of stronger economic activity and improved implementation of the Coretax platform. ...
3 months agoForeign businesses including several international hotel chains have ended or vastly reduced their presence in Cuba ahead of a Friday deadline from US President Donald Trump to sever ties with military conglomerate GAESA, which controls much of the island's economy and is sanctioned by Washington. ...
3 months agoThe OJK expressed optimism on Friday that "strong banking capital resilience" would help serve as a buffer against the impacts of a weakening rupiah, after unveiling the industry's loan growth figures in April.
3 months agoThe Chinese beverage company, famed for its boba teas and sundaes, is focusing on market expansion as part of its long-term development strategy for Indonesia.
3 months agoBank Indonesia (BI) and the Finance Ministry on Saturday agreed to increase yields on Indonesian assets to attract portfolio inflows and support the rupiah, after the currency hit record lows in the past few weeks.
3 months agoGlobal airline chiefs open their annual summit in Rio de Janeiro on Saturday facing a sharper test of the industry's post-pandemic recovery, as the Iran war drives up fuel costs and disrupts airspace while carriers try to cushion the blow with higher fares and tighter capacity.
3 months agoDevelopers are marketing investment yields of as much as 17 percent, betting that strong tourism demand, remote work and an influx of wealthy foreigners could sustain returns despite a broader slowdown in the country’s overall property market.
3 months agoThe newly appointed National Nutrition Agency (BGN) head has pledged sweeping efficiency measures and a moratorium on new kitchens, signaling a major reset of President Prabowo Subianto’s flagship free nutritious meal program following a corruption scandal.
3 months agoJadrianna Sutrisno, 16-year-old student from Jakarta Intercultural School (JIS), examines the correlation between soil used for agriculture complemented by volcanic ash, and the statistics of stunting in each province.
3 months agoThe organization urged Indonesia to improve the efficiency of public spending by better targeting energy subsidies toward vulnerable households rather than relying on broad-based price controls.
3 months agoTsingshan Group is considering a major development in Madagascar, the country's mines ministry said, while Lygend Resources, opens new tab is looking at a project in Tanzania as well as restarting the Koniambo operation in New Caledonia, according to industry sources.
3 months agoArtificial intelligence company Anthropic suggested Thursday a global pause on building the most powerful AI systems as the latest models are beginning to show signs they could escape human control.
3 months agoThe Japanese yen is testing the 160 barrier on Friday, prompting pushback from Japanese officials, while the US dollar is on track for a weekly gain as Gulf tensions fuel safe-haven flows.
3 months agoThe central bank said it would intensify intervention to stabilize the rupiah and ensure orderly markets while maintaining attractive yields on monetary instruments to support capital inflows.
3 months agoEconomists believe the new mandate might open the door for political intervention and declining independence of the monetary authority.
3 months agoIndonesia’s government bond markets have remained resilient, supported by policy credibility and a stable domestic investor base amid global volatility, a deputy finance minister said.
3 months agoJakarta has strengthened its safeguards against forced-labor imports through Trade Minister Regulation No. 9/2026, issued earlier this year, which seeks to ensure imported goods are not produced using forced labor.
3 months agoThe government has been pushing for the integration of both firms since 2016 in a bid to address challenges faced by KAI in procuring railways, while also expecting the merger to improve delivery reliability and quality of railway equipment.
3 months agoAs the rupiah plummeted to a historic low against the dollar, the House gave the green light for a legislative amendment that has raised alarm bells over central bank independence.
3 months agoThe ride-hailing service provider has reaffirmed its commitment to investment in the country despite concerns over a commission cap
3 months agoThe rupiah slid to a new record low of Rp 18,000 per United States dollar on Thursday, extending its losses this year to more than 7 percent and making it Asia’s worst-performing currency as rising oil prices and deteriorating trade dynamics rattled investors.
3 months agoThe dollar clung to its recent strength near a two-month high on Thursday as fresh Gulf hostilities sent oil prices higher and sapped risk appetite, while the Japanese yen hovered near the key 160 level that kept traders on intervention alert.
3 months agoThe EU on Wednesday eased its spending rules to help member states confront the energy shock sparked by the Middle East war, as back-to-back crises leave countries in a fiscal squeeze.
3 months agoIndonesian stocks suffered a rout on Wednesday with the benchmark index closing at its lowest level in five years.
3 months agoWebsite publishers, particularly media outlets, claim that artificial intelligence models take their content without compensation.
3 months agoBuilding homes for low-income families is becoming financially untenable, developers are warning, arguing that profit margins have been eroded by surging construction costs and a weakening rupiah.
3 months agoData released by Statistics Indonesia (BPS) on Tuesday showed international tourist arrivals reached 1.25 million visits in April, up 7.22 percent year-on-year (yoy) and 14.75 percent from the previous month.
3 months agoThe trade agency said it would impose additional duties of 12.5 percent on the remaining 45 countries that it investigated.
3 months agoThe EU will set out on Wednesday how the 27-country bloc hopes to slash its dependence on American and Asian technology, and favor European digital alternatives.
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