The transportation minister says the government plans to offer discounted prices for on-demand drivers in anticipation of its new subsidized fuel restrictions, due to kick in on Sept. 1.

Domestic firms want to see the state commit more funds to the future capital city before they themselves feel confident about investing, as they believe the megaproject’s development remains heavily dependent on fiscal support.

Finance Minister Sri Mulyani Indrawati said the government was still developing carbon tax regulations, covering aspects like legislation and economic readiness.

The ministry set a 901 megawatt (MW) nationwide limit for rooftop solar panel installation this year. Less than 90 MW of that quota remains.

New Zealand said on Monday it would pass laws by the end of this year to reverse a ban on offshore oil and gas exploration, and take urgent steps to remove regulatory hurdles to import liquefied natural gas (LNG) amid energy shortages.

Kamala Harris's price gouging policy has been criticized by economists and analysts, who say it is an uncompetitive proposal that could end up hurting, and not helping, US consumers.

The government has proposed turning illegally imported goods into industrial fuel for factories due to budget constraints that prevent it from destroying the contraband, but the idea has drawn a sharp rebuke from critics and industrialists, who say such a move could be burdensome rather than beneficial.

The carriers mostly stopped transiting Afghanistan, which lies on major routes between Asia and Europe, three years ago when the Taliban took over and air traffic control services stopped. 

The sections in question are expected to be completed by December and ready for open bidding next year.

As many as 13 coal-fired power plants have a total capacity of 4.8 gigawatts (GW) and generate 66 million tonnes of carbon emissions, and some of them will naturally shut down by 2030 without intervention.

The President has signed a new regulation that now grants direct leaseholds of up to 95 years in the government's bid to attract private investors to foot around 80 percent of the megaproject's estimated US$35 billion bill.

Local industry players worry easing import and local content rules would make projects opt to procure solar cells and modules from abroad instead of using those domestically made.

Straight out of the blocks, the new BPOM head has announced a presidential initiative to lower medicine prices in Indonesia, which he said were up to four times higher than those in neighboring countries.

The China Association of Automobile Manufacturers (CAAM) said it firmly opposes a revised draft from the European Union on punitive tariffs for Chinese made electric vehicles.

Business leaders have commended the appointment of Rosan Roeslani as the new investment minister, pointing to the former diplomat’s long experience in business and in representing business interests.

The Finance Ministry has abandoned a plan to enforce an excise on plastic products starting next year but still wants to go ahead with a tax on packaged sweetened beverages.

Deputy Agriculture Minister Sudaryono has proposed excluding dairy milk from president-elect Prabowo Subianto’s free nutritious meals program, citing inadequate domestic production. 

The budget plan keeps many spending items unspecified, including for the development of the country’s future capital, leaving the details to the administration of president-elect Prabowo Subianto.

President Joko “Jokowi” Widodo says the green economy and Prabowo Subianto’s flagship free meals program will prop up economic growth next year by fueling micro-level business activity and boosting exports.

The current incentives are set to expire on Oct. 8, four years after the government first granted them through Finance Ministerial Regulation (PMK) No. 130/2020.

A senior minister says the government is looking at shutting down Banten's Suralaya coal power plant early to help reduce air pollution in Jakarta, which generally ranges between the third and fourth levels of the six-tier index for air quality.

The arrangement will allow investors to quickly get a return on their investment, the Bali administration has said, adding that this in line with the fact that the project has been fully funded by the private sector from its construction phase.

The outgoing President is planning to hand over the country's finances to his successor on Friday while delivering the annual State Budget Address, which experts will be watching keenly for indications of the incoming administration's policy direction on the economy

The team around the president-elect says a pilot project for the program has consistently used stainless steel food trays rather than disposable packaging.

The finance minister noted that the situation had improved when compared to the 6.19 percent year-on-year (yoy) decline recorded in the first half of the year.

The Energy and Mineral Resources Ministry is aiming for a 1 percent vegetable oil blend in aviation turbine fuel in 2027 as part of a larger effort to reduce the country’s reliance on oil imports and cut national carbon emissions.

The country “cannot wait until the domestic industry is ready”, a government representative said.

As public backlash grows amid daily hardships, the President has said the increased budget for this year's Independence Day celebrations in Jakarta and Nusantara was "justifiable", while certain officials have either deferred questions or dismissed reports on extravagant costs.

A new draft regulation is in the works that will allow the government to audit buildings that waste energy as part of its broader policy to achieve Indonesia's emissions reduction goal.

Indonesia and Japan on Thursday agreed on amendments to an economic agreement to reduce or remove trade barriers, Indonesia said, predicting the revision will boost bilateral trade.