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Experts warn that without the intensive mentoring long associated with microfinance, an area in which the Red and White Cooperatives still lag, the loans risk turning into bad debt.
2 hours agoThe Finance Ministry has announced that the capacity of the Coretax platform will be expanded gradually this month to handle all tax-related matters, in an aim to enable better oversight, data accuracy and administrative effectiveness, as well as to increase taxpayer confidence. ...
10 hours agoTo make the scheme financially viable, the government has set a domestic reference price for nonsubsidized diesel at Rp 18,600 per liter, based on average production costs. ...
1 day agoIndonesia’s Job Creation Law, once touted as a fix-all to make employment more flexible and attract investment, is now drawing flak for increasing job market uncertainty, with both business and labor leaders pointing to the President’s demand to end outsourcing as a sign the system is cracking.
1 year agoThe government is mulling over a plan to restrict cassava and tapioca imports as local farmers bemoan unsold domestic produce.
1 year agoTransparency from the outset to allay foreign investor's concerns is key to the success Danantara's plan to issue bonds, analysts say.
1 year agoThe government has shared plans to ease import rules for certain goods, but the measures presented on Friday appear to exclude key export commodities from the United States as bilateral trade talks aimed at averting US tariffs have yet to conclude.
1 year agoIndonesia’s Trade Ministry says it will carefully “monitor” Malaysia’s antidumping duty imposed on Indonesian plastic goods and may bring the matter to the World Trade Organization (WTO) “if necessary”, while experts urge swift action to protect domestic industries.
1 year agoThe central bank has pared down outstanding SRBI by 4.5 percent since end 2024 to Rp 881.86 trillion in April in a bid to free up liquidity and boost domestic bank loans.
1 year agoUnder the new rule introduced late last month, state institutions are permitted to buy domestic products with at least 25 percent local content instead of 40 percent previously.
1 year agoOn the heels of Sunday's launch of the aiport's newly renovated haj terminal, the government has disclosed a plan to overhaul Terminal 1F to serve just low-cost carriers by the end of first quarter next year.
1 year agoThe creation of a new task force signals growing government support for the early retirement of coal power plants, but experts warn the initiative may fail unless it is backed by strong political will and international funding.
1 year agoExperts are wary that the new regulation will put more pressure on already struggling low-income communities, as they will have to compete with individuals in the new higher-income brackets to secure affordable housing.
1 year agoApple expects US tariffs to cost $900 million in the current quarter, even though their impact was "limited" at the start of this year, chief executive Tim Cook said on an earnings call.
1 year agoA plan to review the subsidy program for a possible extension has been shelved as the government awaits clarity on the impact of US trade policies.
1 year agoThe Indonesian Furniture and Craft Association (HIMKI) says a new rule imposed by the Indonesian Quarantine Agency that extends its commodity list will hamper the export of furniture and handicrafts.
1 year agoThe Energy and Mineral Resources Ministry plans to formulate a regulation for utilizing unlicensed oil wells to ramp up oil and gas lifting in the country.
1 year agoIn 2024, Indonesia experienced a slowdown in inflation, reaching a record low of 1.57 percent. While this indicates price stability, it also signals the need for greater stimulus to sustain economic growth.
1 year ago"The goal here is to bring back the high quality industrial jobs to the US. President (Donald) Trump is interested in the jobs of the future, not the jobs of the past," Bessent told reporters at a White House briefing.
1 year agoTax incentives can be categorized into four types, namely exemption from tax imposition, reduction of tax base, reduction of tax rate and tax deferral. In essence, a tax incentive policy is the government's effort to ensure that the economy continues to run and grow, as well as encouraging taxpayers to remain compliant both formally and materially.
1 year agoThe Manpower Ministry plans to clamp down on the all-too common practice of employers holding onto the graduation certificates of employees, even ex-employees, effectively keeping them hostage against quitting.
1 year agoGan Kim Yong, who is also the trade minister and helms the Singapore Economic Resilience Taskforce, told reporters Sunday that pharmaceuticals make up more than 10 percent of the city state's exports to the United States, according to the Straits Times.
1 year agoMangga Dua market has been thrust into spotlight yet again as a barrier to trade in the USTR's 2025 National Trade Estimate Report, which has singled out the North Jakarta market as a bustling hub of counterfeit goods.
1 year agoThe government says the US has expressed appreciation for Indonesia’s position on bilateral trade and lauded Jakarta’s decision to get into negotiations early, as a high-ranking delegation wraps up talks in Washington, DC.
1 year agoCoordinating Economic Affairs Minister Airlangga Hartarto, the head of delegation, and Finance Minister Sri Mulyani Indrawati have been in the United States since last week negotiating the proposed 32 percent tariffs the US wants to impose on Indonesia. These tariffs have been put on hold for 90 days.
1 year agoPresident Donald Trump has defied international norms on the nascent field of deep-sea mining, signing an executive order Thursday expanding the practice for rare earth minerals in domestic and international waters.
1 year agoThe announcement comes just days after the government rejected a request from Malaysia to import rice from Indonesia, citing the need to safeguard domestic supply.
1 year agoBank Indonesia (BI) has decided to keep its key interest rates in place as the rupiah remains weak, and noted that mounting global pressure stemming from trade disruption threatens Indonesia’s economic growth.
1 year agoPrabowo told reporters that Indonesia is a big country with a bright future and there would be new investment to take the place of the South Korean company in the electric vehicle battery ecosystem.
1 year agoUS Health Secretary Robert F. Kennedy Jr. and FDA Commissioner Marty Makary said on Tuesday that the agency plans to remove synthetic food dyes from the US food supply by revoking authorizations of some and working with industry to voluntarily remove others.
1 year agoThe tariffs on companies from Cambodia, Thailand, Malaysia and Vietnam will still need to be ratified at a meeting of the International Trade Commission in June.
1 year agoThe guarantees, aimed at easing investor concerns over the megaproject’s execution and continuity, will be issued jointly by the Finance Ministry and PT Penjaminan Infrastruktur Indonesia (PT PII), the ministry’s infrastructure guarantee vehicle.
1 year agoThe body noted that the auction process, management handover and subsequent implementation of construction work would soon take place.
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