On Monday, President Prabowo expressed frustration over resistance to the budget cuts within “the bureaucracy”.

The Downstream Oil and Gas Regulatory Agency (BPH Migas) is slated to reduce the amount of Solar subsidized diesel fuel motorists can buy per day to ensure its equal distribution.

Coretax would remain operational and taxpayers could still use the prevailing system to file their tax return, tax office says.

The World Bank says setting up a business in Indonesia takes too long when compared to other countries, and the government has vowed to fix that.

Budget cuts led to a reduction in new irrigation networks planned to be built this year, from 10,000 hectares to 450 ha, as well as cuts in irrigation network rehabilitation from 45,000 ha to 16,000 ha and dam constructions from 16 new dams to only one dam this year.

Trump told reporters aboard Air Force One that the tariffs, which he will announce on Monday, will apply to "any steel coming into the United States," adding this will also affect aluminum. 

“How can we speak about progress when we don’t even have the budget [to continue it],” Public Works Minister Dody Hanggodo told reporters after a meeting with the House of Representatives.

The eventual cancellation of de minimis means the more than 1 billion small-value e-commerce packages arriving annually in the United States with goods coming directly from China must switch to an entry process that requires additional information and duties, adding time and cost.

President Prabowo Subianto issued on Jan. 23 a presidential instruction that mandates all ministries and state agencies to identify spending items that could be cut to save an estimated Rp 306 trillion (US$18.7 billion).

The HKI has urged the government to stay the course in Indonesia's energy transition, after certain members of the Prabowo administration made public statements questioning the relevance of the Paris Agreement following Trump's decision to withdraw US participation.

BPJS Kesehatan members might need to brace for a rate hike next year, the health minister has said, though the actual figure is yet to be determined.

Following the fatal accident on Tuesday at the Ciawi 2 Tollgate, experts stressed the urgency of implementing the zero ODOL policy to reduce accident risks, improve fuel efficiency and safeguard road safety.

In another policy flip-flop that led to long lines of people waiting to buy subsidized LPG at retailers and distributors, the energy ministry is now forming a new agency to oversee distribution of the subsidized cooking gas to authorized sellers.

The government's move to temporarily halt both the rice aid and SPHP programs is part of a strategy to boost farm gate prices, while the President has vowed that the state would close down and take over the operations of noncompliant mills.

Qatar plans to help finance the government’s national housing program with an expected investment of US$20 billion.

The new SOEs Law positions Danantara as the primary "executing agency" for SOE management, while the SOEs minister’s role is limited to oversight through the supervisory board.

The Public Works Ministry is set to face a budget cut of over 70 percent by the Finance Ministry, following President Prabowo Subianto’s instruction to save funds for other priority programs.

The government previously increased the government purchase price to Rp 6,500 (40 US cents) per kilogram, which was deemed a reasonable figure to ensure welfare for smallholders.

Industry association ASI has called for stricter enforcement of the moratorium on new factories as well as more targeted application of the policy to protect cement producers.

The Kadin advisory board chair has proposed the new bond scheme as an alternative to a tax holiday for repatriating overseas funds to fund the "3 million homes" program of President Prabowo, his brother.

National housing task force head Hashim Djojohadikusumo said on Jan. 20 that people would still need to pay installments for housing units provided by the program.

President Prabowo Subianto kicked off his term with promises to make Indonesia less dependent on fuel and food imports by ramping up renewable energy supply and building massive agricultural estates, sparking hope but also skepticism as predecessors have tried the same, and failed.

Canadian and Mexican exports to the United States will face a 25 percent tariff, although energy resources from Canada will have a lower 10 percent levy. Goods from China, which already face various rates of duties, will see an additional 10 percent tariff.

Fully implemented at the turn of the year, Coretax is a new tax administration system that is meant to tame Indonesia’s notoriously complicated taxation jungle, which can then translate into improved compliance and increased revenue.

Extreme rain with lightning and strong winds on Tuesday and Wednesday disrupted flights at Soekarno-Hatta International Airport in Tangerang, Banten, with authorities diverting at least 23 flights to other airports for safety reasons. 

Emerging from their first policy meeting during President Donald Trump's second term in the White House, Powell said Fed officials are "waiting to see what policies are enacted" before judging the effects on inflation, employment and overall economic activity.

Experts warned that prolonged setbacks could erode foreign investors' confidence in the country's SOEs governance.

Freeport-McMoRan CEO Kathleen Quirk said last week that the miner would not be affected by any copper tariffs as they sell all their US copper domestically and their Indonesian metal goes to Asia. But she worried about any potential inflationary effects of copper tariffs.

The Prabowo administration's first 100 days indicate a potential for accelerated debt accumulation to help finance the President's free meals and housing programs, economists say, pointing to a fine balance between spending and revenue generation in the coming years to 2029.

The government has finally confirmed an extension to the HGBT subsidy program, but at higher rates of $7 per MMBtu for power plants and $6.5 per MMBtu for industrial use, citing rising global prices of the commodity.