The appointment of two new OJK board members is mandated by Law No. 4/2023 on financial sector development and reinforcement.

The government plans to secure an additional 60,000 tonnes of lithium per year under an import agreement with Australia as it strives for a comprehensive electric vehicle (EV) industry.

Coordinating Maritime and Investment Affairs Minister Luhut Pandjaitan will meet the IMF to explain Indonesia's downstream policy, while Investment Minister Bahlil Lahadalia says he has been asked by the President to fight for the policy.

China, the biggest buyer of Japan's seafood exports, said it would also strictly review the documents for food, especially aquatic products, from other parts of Japan, customs said in a statement.

Various benefits that are usually given by companies aside from monthly salaries, such as vehicles, meals, housing, gifts and health facilities, are subject to income tax based on a new policy.

As the Jakarta-Bandung HSR gear up to commence its free trial service next month, the government has unveiled a plan to expand the high-speed rail to the East Java capital.

State-owned oil and gas firm Pertamina is expected to start a trial sale of its RON-95 bioethanol fuel brand this month. The gasoline, dubbed Pertamax Green 95, would be sold at around Rp 13,500 per liter.

In preparation for Indonesia's leadership of the upcoming 10th World Water Forum (WWF), the government has stressed the need to make water security a key political priority locally and globally.

Corn used for animal feed can only be imported by a state agency, but farmers say that must change to bring down their operational costs.

Experts believe a disparity between global and domestic prices is what motivated some exporters to flout the country’s nickel export ban by selling to China, and they want the government to make policy changes to address the gap.

Investment Minister Bahlil Lahadalia told reporters on Friday that Indonesia planned to require 60 to 70 percent of mineral output to be processed in-country before being exported.

Indonesia is not rushing to ratify a Word Trade Organization agreement against subsidies in the fisheries industry, ministries say.

Experts say legalizing some 3.3 million hectares of illegal oil palm plantations will set a bad precedent for the country's law enforcement and might result in continued violations in the future. 

The International Monetary Fund has recommended that the Indonesian government phase out its policy of mineral export bans.

A report from Sustainable Fitch highlights several issues with implementing the JETP in helping Indonesia wean off coal in its energy transition.

Experts say restricting bond issuance to prevent defaults among SOEs may not work as the government overlooks more pressing matters related to its own development policy.

The central bank had long been ready to slash three zeros off the national currency and was simply waiting for the right time to do, its governor said.

The bank hiked the rate to 15 percent from 8.5 percent in its first meeting since Erdogan filled his government with investor-friendly faces after winning tight May polls.

The central bank says it has considered the possibility of the United States Federal Reserve, raising its key interest rate to 5.5 percent in July.

The Bank of England raised interest rates by a bigger-than-expected half a percentage point on Thursday after it said there had been "significant" news suggesting British inflation would take longer to fall.

International Monetary Fund (IMF) and World Bank officials are joining dozens of economic leaders for a two-day summit in Paris, aiming to tackle the interlinked challenges of poverty alleviation and climate change.

The tourism minister claims that Indonesian tourism will not suffer from the end of the visa-free facility for 159 countries because of the government’s paradigm shift to “quality tourism”, but an industry scholar disagrees.

The government says it is ready to fight back should any countries pursue legal action against its bauxite export ban enforced earlier this month.

Coordinating Economic Minister Airlangga Hartarto is confident the program to support jobseekers will remain in place and be developed further despite the presidential handover next year.

World leaders will gather in Paris this week with ambitions to reimagine global financing for a new era shaped by climate change, as a cascade of crises swamps debt-burdened countries. 

Bottle deposit schemes are used in numerous countries to make recycling more cost efficient. Some experts say they could boost waste collection in Indonesia, too, but others prefer to build on existing waste management concepts.

During an event in Jakarta, the CEO of the highly popular short video platform has vowed to uphold freedom of expression by refraining from accepting political advertisements.

Businesses urged the government to make sure negotiations on the European Union deforestation law would not result in more delays in the EU-Indonesia trade agreement.

The Bank of Japan said Friday it would maintain its long-standing, ultra-loose monetary policy as it looks to boost economic growth.

InJourney's president director said that the WorldSBK event at the Mandalika circuit could not attract enough attendees or sponsors.