State asset fund Danantara will also be involved in the mineral project being offered.

For the transition to succeed, JETP emphasized that PLN must not only accelerate renewable procurement but also prioritize inclusive access and ensure project viability across all regions.

The duties on stainless steel billets and hot-rolled plates, first levied by Beijing in 2019, range from 20.2 percent for Indonesian imports to 43 percent for those from the EU.

The digital services tax, enacted last year, would have seen US service providers such as Alphabet and Amazon on the hook for a multi-billion-dollar payment in Canada by Monday, analysts have said. 

Five commodities prioritized for deregulation include forestry products, subsidized fertilizers, raw materials for plastic, other fuel types and food trays used in President Prabowo Subianto’s flagship free nutritious meals program.

Public Housing and Settlements Minister Maruarar “Ara” Sirait stated that funding is now expected to come from the state asset fund Danantara, which plans to allocate Rp 130 trillion (US$8 billion) for the housing sector.

Experts have criticized the move as a regulatory shortcut that risks legal inconsistencies, undermines the democratic principles of cooperatives and exposes them to poor governance and potential financial pitfalls.

With Rp 21.8 million in repair subsidies earmarked for each house, the country must pour Rp 43.6 trillion from the state budget to turn the plan into reality.

The housing ministry's internal tug-of-war over the "mini" homes plan could cause confusion among investors and eventually derail the President's flagship program, experts warn.

Indonesia is moving apace with its nuclear ambitions, drafting a new regulation on the domestic processing of uranium and thorium for nuclear energy.

Before Danantara’s formation, any SOE seeking additional capital had to submit a PMN proposal for approval by the House and the Finance Ministry, a process that was anything but swift.

The European Commission said Friday it intends to scrap new rules against greenwashing after they hit a roadblock in the final stretch from conservative lawmakers calling them too onerous for businesses.

Mirroring a fall in tax collection, state revenue also declined to Rp 995.3 trillion (US$61 billion) in May, down by 11 percent from Rp 1.1 quadrillion in the same period last year.

PLN is unlikely to be directly involved in the initial phase of planned solar power exports from Indonesia to Singapore. An energy expert said the state-owned power provider should prioritize meeting its commitments under the electricity procurement business plan (RUPTL), given its limited capital and extensive domestic responsibilities.

Dutch state-run financial institution Invest International and the Public Works Ministry signed a letter of intent (LoI) during the Dutch Economic Mission to Indonesia forum on Monday

Experts say more needs to be done to properly fix nickel industry governance in the country, including stricter supervision and recalibration of its downstreaming push.

Once fully implemented, the trade agreement is expected to increase Indonesia’s exports to the EU by as much as 50 percent over three years.

The government aims to finalize the revised regulation next month to tackle the country’s mounting waste crisis by the end of President Prabowo Subianto’s term in 2029.

Bandung Mayor Muhammad Farhan has argued that many travelers from Bandung prefer to fly from Jakarta’s Halim Perdanakusuma International Airport rather than go to Kertajati International Airport in Majalengka, after Husein Sastranegara Airport’s closure in 2023.  

The government plans to push up the poverty line in a move that would bring Indonesia’s measure closer to that of the World Bank, even though that could be politically risky, as it would categorize more people as poor.

The seawall development in Jakarta is part of the 500-kilometer Giant Sea Wall megaproject along Java's northern coast, which is estimated to cost up to $80 billion and take 20 years to complete.

The extension would connect 12 stations in key areas, including Ciputat, Pondok Cabe, Pamulang and Serpong, along a 22.6-kilometer elevated track.

A former Prabowo aide has accused the Finance Minister of overreach by hampering the administration's efforts to establish a new agency to improve state revenue, as promised on the campaign trail last year.

President Prabowo Subianto has stressed the need for increased investment in national defense to safeguard the country’s sovereignty and independence.  

The deal may keep the Geneva agreement from unravelling over dueling export controls, but does little to resolve deep differences over Trump's unilateral tariffs and longstanding US complaints about China's state-led, export-driven economic model.

Waning interest in public-private partnerships could pose a risk to President Prabowo Subianto’s infrastructure agenda, which still largely depends on private investment.

The cluster of islands and shoals in Southwest Papua Province sits in the Coral Triangle and is thought to be one of the world's most pristine reefs, with its clear blue waters making it a popular diving spot.

United Nations Secretary General Antonio Guterres said on Monday the world could not let the deepest oceans "become the wild west", at the start in France of a global summit on the seas.

Though a property association has hailed a draft proposal to downsize subsidized houses as a price stabilization move, the housing task force questions whether this is necessary to provide 3 million affordable homes each year under the President's ambitious program.

Indonesia and the 27-member European bloc have been negotiating since 2016 to strike a deal that is expected to increase trade and investment.