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After the August unrest, the government has projected higher spending next year that aims to accelerate economic growth. Doubts remain on whether it can generate enough revenue to finance the plan.
3 months agoCalls for reform are being reinforced by Foreign Ministry warnings over a surge in cases involving migrant workers. ...
3 months agoEven prior to Dony Oskaria’s appointment, analysts had suggested the removal of Erick Thohir could lead to the dissolution of the SOEs Ministry or its merger with Danantara. ...
3 months agoBank Indonesia's rate cut this week stunned markets for all the wrong reasons - investors fear the central bank is bowing to pressure from President Prabowo Subianto to juice the economy, compromising its independence and risking a rupiah sell-off.
3 months agoThe Financial Services Authority (OJK) has backtracked on plans to make cost-sharing mandatory in health insurance policies.
3 months agoSpanning 2.5 million hectares across three national parks, the TRHS is a UNESCO World Heritage site recognized for its role in conserving biodiversity and protecting endangered species.
3 months agoAsian markets swung Friday at the end of a strong week for investors following the US interest rate cut, with attention now turning to a call between Donald Trump and Xi Jinping.
3 months agoFollowing deadly protests and unrest that shook the country last month, the government has decided to increase total spending to Rp 3.84 quadrillion (US$232.4 billion), including an increase in regional spending to Rp 693 trillion.
3 months agoThe government has said it will not renew the incentive scheme, which since 2024 has allowed automakers to import completely built-up (CBU) EVs without paying import duties, luxury tax or value-added tax (VAT).
3 months agoExperts view the empty minister’s seat as evidence of the ministry’s waning purpose, as many of its former responsibilities have moved to Danantara, the country’s state asset fund now in charge of nearly 900 state firms.
3 months agoThe IDX Composite climbed another 0.5 percent to 8,065.74 points in Thursday's opening session before slipping to close 0.21 percent lower at 8,008.43 points.
3 months agoAuthorities have yet to trace the root cause of the radioactive contamination that prompted FDA action against Indonesian shrimp last month.
3 months agoCelebrating Indonesia’s 80th Independence Day, Nestlé Indonesia partnered with Millennials Empowerment and the community of Buntu village, Central Java, to launch the #BersamaNestlé: Tanamkan Kebaikan, Ciptakan Manfaat (#TogetherWithNestlé: through goodwill, for impact) program in Dieng, Central Java.
3 months agoBank Indonesia reveals that Rp 2,372.1 trillion in approved bank loans remains unused as of August, warning that sluggish credit expansion, with just 7.56 percent year-on-year growth, could weigh on GDP growth.
3 months agoEquities wavered in Asia on Thursday after the Federal Reserve lowered interest rates but left investors wondering how many more cuts were in the pipeline despite boss Jerome Powell warning about the struggling jobs market.
3 months agoLeading vegetable oil processor Apical Group has reinforced its commitment to balancing economic growth, community welfare and ecosystem conservation through its Sustainable Living Village (SLV) program.
3 months agoOjol drivers have been demanding that the government cap commission fees at 10 percent, including during their latest protest on Wednesday under the banner “179.”
3 months agoFreeport Indonesia said negotiations on the government's planned acquisition of additional company shares are ongoing.
3 months agoBank Indonesia (BI) has cut its benchmark interest rate in a surprising move hours before its United States counterpart is expected to reduce borrowing costs in the US as well.
3 months agoThe amount is contingent on the effective rollout of the Rp 130 trillion program budgeted by the state asset fund for microcredits in 2025, with just three months remaining for state lenders to disburse the loans.
3 months agoThe European Union and Indonesia have finalized a trade agreement to be signed next week in Bali, according to the government.
3 months agoThe US Federal Reserve is poised to make its first interest rate cut of 2025 on Wednesday, but it battles competing forces in the path forward -- with heightened political pressure and likely divisions among its ranks.
3 months agoThe government's latest stimulus package must be managed efficiently and be supported with other policy measures that address deeper problems for long-term benefits, experts say.
3 months agoConcerns about the independence of the central bank have been mounting following the announcement of a "burden sharing" deal that will see BI increase the interest it pays on government deposits to fund state programs.
3 months agoState-owned lenders have received 200 trillion rupiah ($12.2 billion) in government deposits redirected from Bank Indonesia to spur credit growth, but their top executives are unsure how to deploy the funds.
3 months agoThe country needs a balanced approach to growth that incorporates innovation, development and investment in targeting key value-added sectors to not just catch up with its regional peers, but to achieve its overarching goal in the Golden Indonesia 2045 vision.
3 months agoWith a digital penetration rate of approximately 80 percent in Southeast Asia, countries in the region have prioritized digital transformation when it comes to national development. The ASEAN region is a potential market for digital payment innovation, in particular the increase use of the QR (Quick Response) payments since it was first introduced in each country.
3 months agoTwo new tunnels were successfully dug to the initial target location within 30 hours, but the workers were not found there.
3 months agoForeign investors are plotting a return to China's stock markets in a big way three years after pulling back and terming them uninvestable, encouraged by the tech opportunities on offer, and a growing demand for diversification beyond US assets.
3 months agoVietnam has asked the United States to reconsider a decision that could lead to a ban on some Vietnamese seafood exports to the American market starting next year, a potential blow to an economy already hit by US tariffs.
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