Media experts say government support through regulations and budget spending is crucial to ensure a level playing field amid increasingly dominant tech platforms, but the industry must adapt as well.

While the Trade Ministry's 2021 regulation contains provisions on foreign goods brought in as carry-on items, the amended restriction policy covers more types of goods and additional details as to quota and value per passenger, but lacks clarity on what travelers can and cannot do.

Verified losses amounted to Rp 474 billion (US$29.8 million), according to independent surveyor PT Sucofindo.

The OJK also stated that it could mandate that firms offering new fintech business models register in the program.

The government also claimed the selection of PSN projects was free of conflict of interest and was carried out accountably.

The initial purpose of rural lenders, namely to serve small businesses, has been hampered by the broader market coverage of major banks and digital financial services, experts say.

Another online uproar erupted over the weekend after a video from the Kualanamu International Airport customs and excise office tried to explain about controversial regulations on carry-on goods for those traveling abroad. 

Critics point to a potential conflict of interest, given the benefiting companies’ support for the development of the future capital city.

Tax revenue for the year to March 15 fell 3.7 percent year-on-year (yoy), the Finance Ministry has said, largely a result of companies seeking tax refunds for worse-than-expected business performances last year.

A crackdown on duty-free imports underpinned by new regulations is worrying many who have made a living of loopholes, traveling in and out of the country with goods bought abroad and sold on at home.  

The lawsuit, also brought by multiple US states, said Apple raked in hundreds of billions of dollars by allegedly making it difficult for consumers to switch to cheaper smartphones and devices.

A mitigation scheme is needed to protect the national automotive industry from unwanted side effects that may affect the component supply chain, says Toyota Indonesia vice president director Bob Azam.

The State-owned Enterprises (SOE) Ministry hopes consolidating seven construction firms into three will put them on a firmer financial footing and make their operations more efficient.

In a widely expected decision, Bank Indonesia has held its benchmark interest rate at 6 percent after weighing macroeconomic conditions and prospects, including its projection of monetary policy by the United States Federal Reserve.

The government believes a lack of affordable car models, rather than insufficient charging infrastructure, is creating a bottleneck to electric vehicle (EV) adoption in Indonesia.

A push by some House of Representatives lawmakers to retain Jakarta as a “legislative capital” and hence avoid having to move to the under-construction capital city in Kalimantan found no favor with the government.

The government has announced 14 new National Strategic Projects to be funded by private companies, with construction slated to begin this year.

Japan's central bank on Tuesday scrapped its negative interest rate as it finally began unwinding one of the world's most aggressive monetary easing programs.

The investment minister has asserted that a government led by presumptive president-elect Prabowo Subianto will stick with the approach of the incumbent administration to attract investment.

The Java Sea, the Makassar Strait and the Natuna-North Natuna waters is estimated to contain a combined potential yield of 17.65 billion cubic meters of sea sand sediments,

Boeing on Friday told airlines operating 787 Dreamliners to check flight deck switches after a sudden mid-air dive by a LATAM Airlines LTM.SN 787 plane left more than 50 people injured.

Bowing to the wave of public uproar over the Trade Ministry’s carry-on restrictions, Zulkifli has promised to tweak the newly enacted regulation on imports.

A regulatory revision allowing for an extension of PT Freeport Indonesia’s (PTFI) mining permit (IUPK) to 2061 will be finalized soon, the government has announced.

The plan to quickly generate additional income for the state comes at the wrong time and alternative revenue streams should be considered instead, experts say.  

China is stepping up regulatory pressure to win foreign backing for its new jet, but industry sources have warned the landmark approvals from Western regulators could take years.

The administrative authority of Nusantara has issued a final notice for residents to leave their "illegal" homes in four subdistricts in North Penajam Paser regency, which some are designated to be part of Nusantara's Central Government District.

The EU's deforestation law will apply from 2025, and the bloc will begin imposing CO2 charges on imported goods from 2026 under its carbon border levy. Both policies have faced criticism from the likes of India, Indonesia and Brazil.

A lack of security features on electric motorcycles, particularly on models that use swap batteries, has made it easier to steal their batteries. 

The Indonesian Traditional Fishermen Association (KNTI) has rejected a World Trade Organization push to prohibit subsidies for problematic fishing practices.

The end of the WTO moratorium on e-commerce tariffs in 2026 paves the way for Indonesia to start levying excises on imported digital goods.