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The House of Representatives has confirmed Destry Damayanti for the Bank Indonesia (BI) governor position for a full five-year term.
2 days agoExperts argued that SOE banks still need to assess the commercial viability of the cooperatives and not just rely on the government backstop. ...
2 days agoIn a vetting process at the House of Representatives, Bank Indonesia (BI) governor nominee Destry Damayanti signaled continuity in monetary policy but emphasized a commitment to pushing economic growth should she be approved for the top job at the central bank. ...
3 days agoThe biggest challenge for the implementation of B50 is how to balance palm oil demand between biodiesel, food needs and exports.
1 month agoThe government has slashed by half its planned rollout of KMP units in October from 80,000 to just 40,000, while the finance minister is adamant that any unnecessary augmentations to the original program will be ditched before implementation.
1 month agoCorporate filings show Danantara chief technology officer Sigit Puji Sentosa is expected to lead new fund DDMF, while Rachmat Kaimuddin, currently deputy for basic infrastructure coordination at the Office of the Coordinating Infrastructure and Regional Development Minister, has been appointed to its executive team.
1 month agoAs Indonesia begins biometric SIM card registration for new subscribers, operators and cybersecurity experts say the policy's success will depend on infrastructure readiness, digital literacy and strong data protection.
1 month agoThe Indonesian Quarantine Agency (Barantin) said it is currently simplifying 22 agency regulations and coordinating with multiple ministries to implement a single submission and single inspection system.
1 month agoFollowing the President's instruction in May to "reactivate" Husein Sastranegara airport, the Transportation Ministry has announced that preparations were underway for the West Java capital to start welcoming domestic and international passengers on both propeller and jet aircraft in September.
1 month agoLabor organizations argue that taxing old-age benefits (JHT) withdrawals undermines the purpose of the social security program, particularly as workers face mounting layoff risks and rising living costs.
1 month agoThe KSPSI previously estimated that rising industrial gas costs could put roughly 55,000 workers at risk of layoffs.
1 month agoWeak transparency in public institutions creates opportunities for mismanagement and corruption that could threaten Indonesia’s economic ambitions, unless the greater state role in the economy is matched by stronger oversight and accountability, antigraft groups have warned.
2 months agoThe Communications and Digital Ministry has submitted drafts of two presidential regulations on AI ethics and a 2026-2029 national AI roadmap to the State Secretariat, setting broad principles for AI development while seeking to attract investment into talent and infrastructure.
2 months agoA plan to extend the tenor of subsidized mortgages from 30 to 40 years has been given the green light as the government continues to explore potential financing schemes for implementation, including a tiered interest rate system for landed houses.
2 months agoThe government has decided to scale back President Prabowo Subianto’s flagship free nutritious meal program after growing demands to rethink fiscal priorities amid competing spending needs.
2 months agoNational Economic Council (DEN) head Luhut Pandjaitan said the implementation of President Prabowo Subianto’s flagship free meals program was “somewhat rushed” but expressed optimism that significant improvements would happen in the coming months.
2 months agoThe government is preparing to scale back President Prabowo Subianto's flagship free meals program, with officials weighing another budget cut of more than $2 billion along with reductions in kitchens and beneficiaries, according to two sources familiar with the matter and an internal presentation.
2 months agoPress and journalism associations have urged the government to ensure the Indonesia-United States Reciprocal Trade Agreement (ART) does not undermine the sustainability of the national media industry or disrupt the implementation of the Presidential Regulation on Publisher Rights.
2 months agoStrapped for more revenue to finance development but constrained from further tapping the state budget, the government is effectively offering legal immunity in a bid to attract investor appetite for its new debt instruments.
2 months agoThe government plans to increase the Housing Credit Program to Rp 50 trillion in 2026 from Rp 36 trillion after disbursement of the subsidized loans surpassed half of the government’s target, benefiting more than 91,000 borrowers nationwide.
2 months agoIndustry players cautioned that the policy must be clearly communicated to avoid misinterpretation that could undermine business confidence.
2 months agoA coal power plant has been restored to the Java grid, but state-owned electricity firm PLN's deeper issues persist: a $70 price cap that bars it from competing for supply, regulatory ambiguity over where domestic coal flows and a compensation fund that remains in limbo.
2 months agoThe deputy manpower minister has confirmed that the government is working on a revision of Manpower Ministerial Regulation No. 7/2026 that would reduce the number of service categories eligible for outsourcing from six to four.
2 months agoGlobal index provider MSCI has downgraded Indonesia’s information flow criterion to negative in its latest review, raising concerns over the “investability” of the country’s stock market due to limited transparency in shareholding structures and signs of coordinated trading behavior.
2 months agoTax Director General Bimo Wijayanto said there was an ambiguity in the issuance of a National Nutrition Agency (BGN) head circular which classifies the funds used by the programs’ kitchens as grants that are not subject to tax.
2 months agoEnergy and Mineral Resources Minister Bahlil Lahadalia previously revealed a significant 20-million-tonne coal supply gap for PLN that remains uncontracted this year, raising fresh concerns about national energy security.
2 months agoThursday’s interest rate hike comes just hours after the US Federal Reserve kept the federal funds rate (FFR) unchanged.
2 months agoThe Fed decided to hold rates steady at 3.50 to 3.75 percent for the fourth consecutive meeting, with the vote being unanimous for the first time in a year.
2 months agoCreating a functioning mineral exchange requires building the necessary infrastructure, trading systems and market confidence, which analysts say could take longer than the time remaining until the targeted Jan. 1 rollout.
2 months agoDespite its good intentions to curb under-invoicing, the export centralization plan is seen as being rolled out prematurely.
2 months agoThe administration would earmark Rp 500 billion to fund the first phase of the program, which is set to provide a subsidy of Rp 2,000 for every kilogram of soybeans purchased by food processors.
2 months agoA House commission chairman has warned that hiking Pertamax's price 32.11 percent could push consumers toward cheaper subsidized fuels, even as the world continues to grapple with the energy fallout from the Middle East crisis.
2 months agoIndonesia is scaling back a controversial proposal to centralize the export of its strategic commodities, after buyers and exporters raised concerns, The Straits Times has learned.
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