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.

The newly signed publisher rights regulation tasks a committee with facilitating partnerships between digital platforms, such as Google and Meta, and the press.

In the WTO's first ruling related to deforestation, a three-person panel voted by two-to-one to reject Malaysia's substantive claims, while accepting its complaints over how the measures had been prepared, published and administered.

Association blamed those platforms for causing financial losses for local accommodation companies.

The presumptive president-elect also opined that the government should consider privatizing state-owned enterprises in non-strategic industries like tourism and hospitality.

This fiscal policy, which will last until 2025, aims to support the green transition by attracting investment, boosting domestic EV production and accelerating the EV program.

Local pension funds had Rp 1.4 quadrillion (US$89.05 billion) in assets at the end of last year, three-quarters of which came from mandatory pension programs.

The decision was announced after the President staged a short cabinet meeting before his departure to Australia for a working visit.

A revised ministerial regulation is expected to support industrial and commercial use of rooftop solar panels, but how it is implemented will be crucial in ensuring companies can easily access the electricity generated by the installations.

Musk's lawsuit alleges a breach of contract, saying Altman and co-founder Greg Brockman originally approached him to make an open source, non-profit company, but the startup established in 2015 is now focused on making money.

India, which had sought concessions on agriculture, had blocked the extension but reversed course after a request from host United Arab Emirates, leaving the two-year extension as the only significant outcome from the meeting.

The Rp 1.2 trillion (US$76.3 million) plant owned by PT Kaltim Amonium Nitrat (KAN) can produce 75,000 tonnes of ammonium nitrate a year.

The Southeast Asia’s largest economy hopes to attract more investment and trade deals by becoming OECD member.

Indonesia would have to undergo a comprehensive review by 23 OECD committees and would need the unanimous consent of all 38 member-states before it is allowed into the hallowed club. 

Government projections point to a sharp increase in the gap between state expenditure and revenue this year amid massive spending on social aid and subsidies.

Debt-for-nature deals, where government borrowers swap loans for cheaper debt underpinned by credit guarantees from multilateral lenders and commit some of the savings to environmental conservation, are rare but growing.

A cabinet meeting on Monday reportedly included discussions on the aspirational programs of Prabowo Subianto, indicating the outgoing administration's accommodative approach to President Jokowi's likely successor.

Indonesia is expected to implement sweetened drink tax this year.

However, this excludes ministers and the president, who would still maintain use of state-provided service vehicles.

The new taxonomy includes the construction of some coal-fired power plants in the Transition category.

Meta says it understands that it will not be required to pay for news content voluntarily posted by news publishers.

The government has slashed its target for relocating high-ranking civil servants this year by nearly half to 6,000, from an initial figure of 11,916.

The government is preparing implementing regulations that will enable incentives for carbon capture storage (CCS) projects in the country, following the issuance of Presidential Regulation No. 14/2024.