The IESR estimates the government would need around US$1.2 trillion worth of investment in order for the country to meet all of its electricity needs from clean energy and billions more in order to retire its coal plants early.

BP Taskin head Budiman Sudjatmiko said on Thursday that the administration sought to gradually reduce social assistance spending, which later could be reallocated for “empowerment programs”.

Builders are calling for more detailed guidelines on the execution of the housing program to align their business strategies accordingly.

The Organisation for Economic Co-operation and Development’s (OECD) latest Indonesia Economic Survey includes recommendations for increasing tax revenue as a share of GDP, with a key focus on better tax administration.

A lawmaker has defended a new tax amnesty as a way to make up for lower-than-planned state revenue from value added tax (VAT), given that a VAT hike initially meant to take effect on Jan. 1 will probably be pushed back.

Bureaucratic hurdles in Indonesia complicate business procedures in various sectors, according to the newly released United States-Indonesia Investment Report 2024, including the import of medical devices and consumer electronics.  

Luhut Pandjaitan, head of the National Economic Council, said a value-added tax (VAT) hike might be pushed back by two or three months as the government seeks to roll out social aid to keep the economy going.

Coordinating Infrastructure and Regional Development Minister Agus Harimurti Yudhoyono said that, over the past two weeks, the Transportation Ministry, PT Angkasa Pura, Pertamina and domestic airlines had been collaborating to make air travel more affordable.

The output of rice, the country’s major staple food for instance, dropped to 30.34 million tonnes last year from 31.31 million tonnes in 2019, BPS data show. Similarly, farmland has also been shrinking over the past years.

While the fund will still consider investments in foreign assets, Muliaman emphasized that its primary focus will be on financing local development and government projects, and foreign investors can provide funding alongside Danantara.

For renewable hydrogen, the planned legislation will establish a tax incentive worth A$2 ($1.31) per kilogram of renewable hydrogen produced during the same period.

Business associations and netizens have expressed disapproval of the planned value-added tax (VAT) hike set to go into effect at the turn of the year, arguing that the timing is not right as spending power has been losing vigor.

Luhut cited findings from audits prepared by the Development Finance Comptroller (BPKP), stressing they are “serious problems”.

The Manpower Ministry has issued a circular requesting that governors wait for the central government to determine the 2025 provincial minimum wages (UMP), which were supposed to be announced on Thursday.

Achieving food and energy self-sufficiency is “a must” for Southeast Asia's largest economy, Prabowo said early in October prior to his inauguration.

Renewables accounted for less than 14 percent of the in country's energy mix last year, while coal contributed more than 40 percent.

In a court filing, the US Department of Justice urged a shake-up of Google's business that includes banning deals for Google to be the default search engine on smartphones and preventing it from exploiting its Android mobile operating system.

Climate funding may look more appealing for Trump if Indonesia’s energy transition present an opportunity for American renewable technology companies.

The Trade Ministry is looking to expand its legal toolbox of measures it deems necessary to protect domestic industries from imports.

Srinivasan's remarks come amid concerns over US President-elect Donald Trump's plan to impose a 60 percent tariff on Chinese goods and at least a 10 percent levy on all other imports.

Funding for new infrastructure is currently frozen at the directive of Finance Minister Sri Mulyani Indrawati, pending coordination among ministries under the leadership of the National Development Planning Agency (Bappenas).

The re-election of Donald Trump as United States president will likely do little to ease talks with Jakarta about a free-trade agreement (FTA), but such a deal may not be necessary to open the US market for Indonesian nickel.

Analysts say bullion banks can help Indonesia safeguard its foreign exchange reserves amid geopolitical uncertainty, enhance the stability of its currency and reduce reliance on the US dollar.

During his state visit to the US, the President said Indonesia was looking at fully benefiting from any multilateral organizations it might join, and that seeking membership in both the OECD and BRICS was in the cards.

The employers' association has urged immediate action from the government and the House to overhaul the 2003 Manpower Law as ordered by the Constitutional Court, warning of the adverse impacts on the investment climate amid ongoing vulnerability in labor-intensive sectors.

The new bill being drafted by House Commission XI aims to place the distribution of SOEs' earnings under the Financial Ministry, which is already responsible for approving state capital injections.

Electric motorcycle sales could plummet next year unless the government renews a subsidy program, producers warn.