The approval will come on the day that Trump's "reciprocal" tariffs on the EU and dozens of countries took effect, including massive 104 percent duties on China, extending his tariff onslaught and spurring more widespread selling across financial markets.

Following the sweeping 10 percent tariffs that took effect over the weekend, rates on imports to the United States from exporters like the European Union or Japan rose further at 12.01 a.m. Wednesday.

The government is forming a management body for carrying out seawall projects to tackle land subsidence along the northern coast of Java, Deputy Public Works Minister Diana Kusumastuti has said.

President Prabowo Subianto has ordered the government to extensively cut back business regulations, including local content requirements and import restrictions, a day before the United States is set to slap steep import tariffs on Indonesian goods.

Local manufacturers have highlighted an urgent need for measures to protect the domestic market in anticipation of a potential influx of displaced imports as a result of US tariffs, especially following an unexpected downturn in demand over Idul Fitri.

The government has vowed to import more goods from the United States to gain leverage in bilateral negotiations and ease tariffs introduced by US President Donald Trump.

Presidential spokesman Hasan Nasbi said on Thursday that President Prabowo's administration has prepared  strategies to maintain the stability of the domestic economy amid Trump's tariffs, including the free nutritious meal program.

Coordinating Economic Affairs Minister Airlangga Hartarto said in a statement that Indonesia would pursue diplomacy and negotiations to find mutually beneficial solutions after Trump announced sweeping global tariffs on Wednesday.

The initial 10 percent "baseline" tariff paid by US importers took effect at US seaports, airports and customs warehouses at 12:01 a.m. ET (0401 GMT), ushering in Trump's full rejection of the post-World War Two system of mutually agreed tariff rates. 

President Prabowo Subianto has instructed his cabinet to deregulate and remove “restricting regulations” particularly with regard to nontariff barriers.

Only 12.34 million taxpayers submitted their tax returns before this year's April 1 deadline. The figure falls short of last year’s 12.7 million tax return submissions under a similar deadline.

The steeper additional tariffs impact major US trading partners, with the European Union facing a 20 percent rate and China a 34 percent figure.

The "reciprocal" tariffs, Trump said, were a response to duties and other non-tariff barriers put on US goods. He argued that the new levies will boost manufacturing jobs at home.

The Public Housing and Settlements Ministry is planning to build 70,000 subsidized homes this year for workers in various sectors, including in the health, education and fishery industries, as part of President Prabowo Subianto’s ambitious 3 million homes program.

The government is planning to disburse the second round of social aid this year after the Idul Fitri holiday, while also seeking to begin utilizing the newly launched Single National Social and Economic Data (DTSEN) system. 

France's trade ministry condemned "unacceptable" US interference Saturday after the American embassy in Paris sent several French firms letters warning against using the diversity programs known as "DEI", a frequent Donald Trump target.

The Trump administration has written to French companies holding US government contracts ordering them to comply with an executive order banning diversity, equity and inclusion programs, two people familiar with the matter said.

President Prabowo Subianto has signed a regulation on online child protection that stipulates a minimum age requirement for social media.

Experts warned appointments could blur the line between BI’s role as a monetary regulator and its involvement in the banking industry, potentially undermining its independence.

There were 71.1 million and 64.8 million customers who received the discount in January and February, respectively.

To accelerate implementation of the initiative, Indonesia will also revise the Comprehensive Investment and Policy Plan (CIPP), which is essentially a blueprint to carry out JETP investments to better align with the country’s economic condition, regulations and infrastructure.

The announcement drew swift condemnation from the European Union and from Canadian Prime Minister Mark Carney, who called it a "direct attack" on Canadian workers.

Experts from CELIOS and the EIU have both cautioned of potential economic repercussions from the recently passed TNI Law revision, particularly as regards the investment climate vis-à-vis external perceptions of Indonesia's democracy.

The trade minister says the government is preparing several strategies to stave off potential impacts of impending US tariffs and any miscommunication over Prabowo's food self-sufficiency agenda, as the country still relies on certain agricultural imports.

JETP, a financing commitment from rich nations and global lenders to help poorer nations adopt cleaner energy, has earmarked $20 billion to help Indonesia cut its emissions. 

Analysts caution that the fund’s success will hinge more on its execution than on the prominence of its board members.

The government has formed a task force to accelerate the energy transition and green economy development in the country as part of its effort to achieve its targets in both areas as per the 2025-2029 National Medium-Term Development Plan (RPJMN).

National Economic Council (DEN) chair Luhut Pandjaitan says that bank account ownership for every household in the country would play an important role in GovTech, paving the way for targeted social aid disbursement.

The President and the DEN head have both stressed the need to cut red tape for the benefit of businesses operating in the country as well as to lure new companies to set up shop.

Offices in Jakarta are shifting toward green practices as developers seek to leverage growing market demand for environmental compliance amid an excess supply of office space.