The figure marks a sharp increase over the 2025 data-matching exercise, which identified approximately 600,000 beneficiary families with transactions linked to online gambling.

The "aggressive" deadline of three years would likely backfire, pushing Indonesia into heavy reliance on imported solar components.

Electric vehicle adoption is accelerating and overall car sales have begun to recover in the first half of the year.

Indonesian President Prabowo Subianto will move quickly to appoint a new central bank governor and interim head Destry Damayanti is the frontrunner for the role, a source with direct knowledge of the matter told Reuters.

In this year’s first half alone, the Indonesian SOE consortium that operates the Whoosh high-speed railway incurred a loss of Rp 5.1 trillion ($282.5 million), widening from Rp 4.9 trillion logged in the entirety of last year.

In an attempt to urge the Japanese auto giant to set up its regional hub in Indonesia, the finance minister has indicated the government’s readiness to offer a slew of incentives across related sectors, from steel to financial services.

Presidential Chief of Staff Dudung Abdurachman revealed that state-owned surveyor PT Sucofindo, which administers the testing program, would soon release 85 delayed surveyor reports after they had indicated the presence of rare earth elements.

Despite an annual tobacco production shortfall of just 75,000 to 100,000 tonnes, Indonesia imports more than twice that volume from abroad.

All eyes are on President Prabowo Subianto, who is set to unveil next year's state budget in two weeks, which will reveal whether transfers to regional governments will face another round of cuts.

Less than a week after Perry Warjiyo resigned as the head of Bank Indonesia (BI), names of potential candidates for his replacement have begun to surface.

The mass mortgage signing ceremony on July 30 came as the government attempts to revive housing distribution in spite of the mounting challenges facing Prabowo's "3 million homes" program, including slower disbursements, rising construction costs and weaker spending power amid unwavering demand.

Demutualization will allow external stakeholders to acquire shares in the exchange, with state asset fund Danantara having expressed its interest in securing some stakes.   

The state asset fund will simply join next Monday's KSSK meeting as an "invitee" without voting rights, the finance minister has explained, citing the P2SK Law as permitting its participation, but at least two top economists are skeptical that its very presence and inputs might color the committee's decisions.

Coordinating Economy Minister Airlangga Hartarto said that government’s long-delayed EV incentives would be tied to “the development of the national electric motorcycle and car projects.”

Bank Indonesia has been under pressure to support Prabowo's big-growth agenda, even as the rupiah slid to an historic low in June amid concern over Indonesia's fiscal management and central bank independence.

Cost is the major challenge facing the government's hydrogen vehicle ambition, primarily stemming from a need to develop systems that can produce cheap green hydrogen and the stark affordability of battery electric vehicles today.

The tobacco industry is up in arms over a new set of rules that could cover everything from packaging and tar and nicotine content to additives, not least because of a lack of clarity from the government for the past two years until its issuance deadline on Sunday.

MSME Minister Maman Abdurrahman said that classifying online ride-hailing drivers as micro and small businesses would expand their access to government support programs.

Bank Indonesia (BI) has kept the benchmark interest rate unchanged in its latest monetary policy meeting as it resorts to an alternative strategy to buttress the rupiah by incentivizing capital inflows.

The finance minister is taking the precaution to verify local administrations' claims about a funding squeeze as regional transfers fell 11.2 percent yoy to Rp 357.4 trillion (US$20 billion) as of end June.

Coal dependency, lack of basic infrastructure and a funding shortfall are just a few of the hurdles standing in the way of Indonesia's solar expansion goals.

Analysts say that Indonesia International Financial Center (PFII) law's fast-tracked deliberation without much public discussion could jeopardize the goal of attracting global funds as investors require legal certainty and clear regulations.

Finance Minister Purbaya Yudhi Sadewa said the financial center, known as PFII, is expected to draw foreign investment and help accelerate the country's growth.

A procurement of fans for tens of thousands of cooperatives under the government’s Red and White Cooperatives (KDMP) program would amount to roughly Rp 2.56 trillion, significantly more than the Rp 1.8 trillion figure that sparked uproar last week.

Indonesia has for a long time sought to develop ​its financial sector and hopes to provide wealth management services to rival ​neighboring Singapore, where many rich Indonesian families choose to invest.

Experts noted that the risk of banks getting too reliant on the funds “is real” and a dependency cycle might materialize as banks grow accustomed to the idea that the funds are a “permanent source of liquidity”.

The decision comes as several major tourist destinations have raised visa fees this year, including Japan, which introduced its first visa fee increase in nearly 50 years.

The government's proposal to reclassify ride-hailing drivers as microbusiness owners has drawn mixed reactions, with labor unions pushing for employee status, some drivers preferring to remain partners with stronger legal protections and platform operators backing the government’s initiative.  

Since the program’s launch in July last year, President Prabowo Subianto’s administration has added multiple tasks and broadened the cooperatives’ scope of work from grocery stores to managing community oil wells.

The Financial Services Authority (OJK) has proposed implementing universal banking in the planned Indonesia International Financial Center (PFII) to streamline business licensing and boost the country’s investment appeal.