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Dian Ediana Rae, OJK’s chief executive for banking supervision, stated that while the program aims to expand public access to financing, the implementation must align with banks’ risk appetite and institutional expertise.
4 hours agoThe statement came as the rupiah continued to face pressure, exceeding Rp 17,500 per US dollar and raising concerns over higher prices for imported food commodities, including soybeans, wheat, raw sugar and garlic. ...
4 days agoThe China Chamber of Commerce in Indonesia (CCCI) previously sent a letter to President Prabowo Subianto, detailing a range of complaints, from the mandatory retention of foreign exchange earnings (DHE) onshore to a recent crackdown on immigration. ...
4 days agoWhile the revision is seen as a potentially effective measure to bolster inclusive funding, experts warn that it may distort Indonesia’s banking industry focus from commercial lending to national development.
4 weeks agoThe policy aims to close the widening gap between national sugar demand and local output while pushing the country closer to its sugar self-sufficiency target.
1 month agoThe state logistics agency said the increase was needed to meet rising demand as consumers shift from bulk cooking oil to Minyakita, partly driven by soaring plastic prices amid the Iran war.
1 month agoPLN reports that gas reserves for power plants stand at roughly 12 days of operation (HOP), with coal reserves at 15.9 operating days as of April.
1 month agoExperts warned that turning PNM into a special mission vehicle (SMV) under the Finance Ministry risks duplicating existing institutions without tackling core issues like risk assessment, access and borrower repayment capacity.
1 month agoThe OJK emphasized that the information displayed in the SLIK system does not automatically determine whether a loan or financing application will be approved or rejected, noting that it only serves as a consideration in the credit analysis process.
1 month agoPurbaya says no new procurement will proceed, despite earlier approvals that saw more than 21,000 units already purchased.
1 month agoWhile some filmmakers warn it could burden exhibitors, smaller producers argue that a quota system could give high-quality independent films a fairer shot at reaching audiences.
1 month agoMeanwhile the umrah sector, which is fully operated by private players, continues to see relatively resilient demand even as operators and consumers absorb higher costs.
1 month agoResearchers from the Center for Strategic and International Studies (CSIS) have called on the government to pursue strategic diversification to shield Indonesia from heightened global risk.
1 month agoThe merger of 15 logistics firms into a single SOE is the earliest move and is expected to be completed within a month.
1 month agoA study found that hot, humid lowland climates in cities like Jakarta and Batam leave data centers heavily dependent on energy-hungry mechanical cooling systems that run at high load year-round.
1 month agoThe government says prices of subsidized gasoline and diesel will stay fixed even if global oil prices remain elevated, while airlines will be allowed to lift airfares, but without excessively hurting consumers.
1 month agoCaps on how much fuel motorists may buy per day could be troublesome to enforce on the ground and will not eliminate the fiscal headache of high global oil prices.
1 month agoThe government will not hike fuel prices heading into the new month despite growing pressure on the state budget because of a rapid rise in global oil prices as nations scramble for crude oil amid the United States-Israeli war on Iran.
1 month agoThe 100 GW solar target, which the government plans to deploy through the nationwide Red and White Cooperatives (KMP) program, would require massive investment in photovoltaic farms, storage systems and transmission infrastructure.
1 month agoShifting from fuels to electricity for powering households and transportation is a logical response to Indonesia’s dependence on energy imports amid the Mideast crisis, but experts say the success of electrification hinges on sustained policy support.
1 month agoPreviously, the government revealed plans to cut national production targets from 790 million tonnes last year to around 600 million tonnes this year in an effort to address an oversupply that had weakened coal prices.
1 month agoWorld Trade Organization talks ended deadlocked on Monday as Brazil blocked a bid by the United States and other countries to secure an extension to a moratorium on customs duties for electronic transmissions like digital downloads, diplomats said.
1 month agoThe government said that ratifying the ART agreement was not on its near-term agenda and that it would contest allegations of unfair trade practices later raised by the US in its Section 301 probe.
1 month agoThe finance minister says the BGN, which manages the free meals program, has come up with a proposal to save over $2 billion by cutting just one day from the weekly distribution schedule.
1 month agoPreviously, Indonesia announced plans to cut output quotas for several minerals this year to help support prices, including reducing the coal production quota from 790 million tons last year to 600 million metric tons.
1 month agoDespite opportunities to align its critical mineral supply chains with Western countries, experts urge Jakarta to safeguard its reputation as a reliable partner by upholding agreements with existing investors, many of whom are Chinese firms.
1 month agoOnly 8.8 million tax returns had been filed for the 2025 tax year by March 24, out of a target of 15 million submissions, covering both individual and corporate taxpayers.
1 month agoGas utilization in the first quarter stood at 70-72 percent, below its 80 percent target and slightly lower than the 73 percent recorded in 2025, industry players said.
1 month agoAnalysts noted that some of Danantara’s investments over the past 12 months have potential, but others are less promising, with many still at the planning stage.
1 month agoCoordinating Economy Minister Airlangga Hartarto also recommended that the private sector enforce the rule, which aims to reduce energy consumption amid global market volatility.
1 month agoAs a result of the war between Iran and the US and Israel, global crude oil prices have increased to above US$100 per barrel, far exceeding the $70 per barrel assumption in the 2026 state budget, which may result in higher energy subsidies.
2 months agoSome online travel agents have stepped in line with the government's calls for clearer information on ticket availability and transit flights, especially those with overseas layovers, to help mudik travelers reach their holiday destinations.
2 months agoThe government is focusing on gathering data and evidence for its rebuttal strategy against the USTR's new Section 301 probes into unfair trade practices, which are racing toward a July deadline, when Washington's latest 10 percent tariff expires.
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