The country boasts a total capacity potential of 14.7 gigawatts (GW) from hybrid floating solar PV located on dams and hydropower plants.

A cabin panel broke off a new Boeing 737 MAX 9 jet operated by Alaska Airlines in mid-flight, leading to the grounding of the model and inspections by the US Federal Aviation Administration (FAA).

Operations with the Boeing 737-9 Max aircraft have resumed following investigations after an incident with an Alaska Airlines plane in the United States.

State-owned electricity company PLN is considering shutting down the Suralaya 3 and 4 power plants as part of its coal phase-down plan.

All three tickets contesting the 2024 presidential election have pledged to support the palm oil industry by providing legal certainty and a dedicated agency to untangle regulatory knots.

The coordinating maritime affairs and investment minister said he saw no reason to hike the tax on the entertainment industry.

Business leaders cited local shareholding requirements, local content requirements and regulatory uncertainty, among other issues, as barriers to investment.

According to Bank Indonesia (BI) projections, the United States Federal Reserve (Fed) will cut its benchmark interest rate by less than one percentage point this year. Nevertheless, the central bank expects the rupiah to strengthen versus the dollar.

The Communications and Information Ministry expects the draft to be signed by President Joko "Jokowi" Widodo around National Press Day in February.

The government has opted for a far lower target of between 17 and 19 percent by 2025, adding that Indonesia needed to be more realistic on what it could achieve. 

The entertainment industry is up in arms against the increased tax of 40-75 percent for certain services, saying it was out of reach for some businesses that could be forced to shut down, leaving room for illegal businesses to thrive.

The OJK's stricter capital rules could lead to a flurry of consolidation among regional banks under a parent bank this year, though the Asbanda chair has cautioned that a BPD was not necessarily a troubled bank if it did not meet the Rp 3 trillion core capital requirement.

While the three presidential candidates all agree that Indonesian agriculture needs reforming, they propose different ways to achieve this.

Presidential candidate Ganjar Pranowo has suggested devising a key performance index (KPI) for ministers involving public input. Experts called this a valid idea but said politics would get in the way.

The IHSG declined by 0.10 percent to close at 7,219.96 on Thursday. Factors like geopolitical tension and domestic retail sales contributed to the market movement.

The United Kingdom’s recently appointed Ambassador to Indonesia and Timor-Leste Dominic Jermey has said the UK will not urge Indonesia to pick sides as Western countries and China drift apart.

The state-run Financial Transaction Reports and Analysis Center (PPATK) has identified suspicious transactions in key public infrastructure and industrial projects linked to civil servants and politicians.

Between 2015 and 2018, SAP arranged for bribes to be paid to Indonesian officials to obtain government contracts including with the fisheries ministry and the Telecommunications and Information Accessibility Agency (BAKTI), US court filings said.

Experts opined that building a vast concrete wall without addressing the root causes of land subsidence would not solve the region's problems.

A government official warns that successfully exploiting such links would be difficult due to distance and technological barriers.

The economic teams of all three presidential candidates have told an Apindo event that a gradual approach to achieving the local content target would help boost economic growth, downstream development and investments.

Jokowi said that salary increases for military and police personnel and civil servants were dependent on fiscal and economic conditions.

Experts warned that Prabowo's view implied a lack of understanding, which could risk the country’s fiscal sustainability if left unchecked.

Following a relatively successful 2023 in terms of biodiesel absorption, the government has revised up this year's B35 biodiesel quota by 2 percent to 13.41 million kL.

The Indonesian Palm Oil Association (GAPKI) and palm oil smallholders have protested the use of "palm oil-free" labels, while Trade Ministry regards the label as a negative campaign against food products containing palm oil.

All the candidates share a common plan to establish a new state revenue agency that requires the Finance Ministry to spin off and combine two of its revenue arms, namely the tax and customs and excise offices.

The Indonesian Dairy Cooperatives Association (GKSI) wants the government to bear most of the cost of importing cattle.

Indonesia’s subsidy program for electric motorcycles missed the mark last year, falling far short of its ambitious goal with only 11,532 units purchased out of the 200,000 targeted.

Industry Minister Agus Gumiwang Kartasasmita said the disciplinary action would vary depending on the results of the ongoing investigation.

The Trade Ministry aims to conclude agreements with a range of countries this year in its endeavor to diversify trade relationships.