The lack of interest in the electric motorbike subsidy stems from both people’s reliance on fossil-fueled engines and their unfamiliarity with battery-powered engines, according to Industry Minister Agus Gumiwang Kartasasmita.

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has said Qatar is interested in making an investment in the Nusantara Capital City (IKN) project, adding to the list of potential countries that the government has approached to reel in funds needed to develop the project.

A bipartisan group of US lawmakers planned to introduce a bill on Wednesday to eliminate a tariff exemption widely used by e-commerce sellers to send orders from China to US shoppers, one of the sponsors said.

While the government's export ban aims to spur smelter investments, industry representatives warn it could cause hundreds of layoffs in the bauxite sector.

It appears that China will be running the Jakarta-Bandung high-speed railway in its first year of commercial operations before gradually transitioning to all-Indonesian staff, though experts caution against rushing to launch the service.  

European Union countries will try again next week to pass a deal on new renewable energy targets, which have been stalled by concerns from France and other states that the law sidelines nuclear energy.

Despite the construction of numerous nickel smelters in Indonesia over the past years, the country lacks facilities to produce electric vehicle (EV) batteries, an Industry Ministry official has explained.

A business group believes the rationale for allowing Freeport Indonesia and Amman Mineral to continue copper exports could also apply to bauxite miners.

European Union Ambassador to Indonesia Vincent Piket insisted that Europe “wishes to maintain the palm oil trade” and was keen to help Indonesia and Malaysia acclimate to the new regulation. 

The government’s focus on downstream metal industries has "little effect" on overall economic growth, according to Institute for Development of Economics and Finance (INDEF) senior economist Faisal Basri.

Indonesia will continue negotiations for a comprehensive economic partnership agreement (CEPA) with the bloc, alongside separate consultations to resolve disputes on the EU's deforestation rules, Airlangga Hartarto, Coordinating Minister for Economic Affairs told Reuters.

The European Parliament adopted the new legislation in April that will ban imports deemed to be driving deforestation, throwing the bloc's trade muscle behind a global fight against climate change.

In the wake of a string of widely reported security breaches, analysts have criticized the government for what they see as weak enforcement of laws and regulations to protect personal data.

The government will inject US$1.34 billion of state capital injection to state-owned construction Hutama Karya (HK) and Wijaya Karya. It also plans to transfer ownership of Waskita Karya to HK.

Indonesia and Malaysia joined hands to meet with EU representatives in Brussels on May 30 and 31. hoping to soften the bloc's regulations on palm oil in the upcoming deforestation law.

US regulators are preparing to tighten rules for large banks, which could raise their capital requirements by 20 percent on average, the Wall Street Journal (WSJ) reported on Monday, to boost the financial system's resilience after a spate of midsize bank failures this year.

The government will support "sick" SOEs, especially those handling key infrastructure projects, analysts expect, but the aid may not come in a timely manner.

Massive markups by resellers can be a spoiler for businesses and fans alike.

Economists had warned the country could run out of money to pay its bills by Monday -- leaving almost no room for delays in enacting the Fiscal Responsibility Act, which extends the government's borrowing authority through 2024 while trimming federal spending.

Responding to a Financial Times report which said the talks could be delayed over the palm oil issue, commodities minister Fadillah Yusof said Malaysia's negotiations with the EU on a trade deal, which have been on hold since 2012, could be resumed if the EU would treat Malaysia with fairness and as a partner.

The WTO's Dispute Settlement Body decided to examine the countervailing and anti-dumping measures Brussels has imposed on imports of stainless-steel cold-rolled flat products from Indonesia, a Geneva-based trade official said.

The government plans to prohibit the export of liquified natural gas (LNG) to help supply domestic industries, Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan announced on Tuesday.

The two government institutions disagree on the need for garlic imports amid high prices of the commodity.

The bill hammered out by US leaders to prevent the country from a catastrophic default on its debts will face one final and potentially perilous hurdle this week: Passing a divided Congress.

The government lifted a ban this month on the export of dredged sand that was in place for more than 20 years, in a move it claims will bring in badly needed revenue but that activists say will further degrade the country’s vital marine ecosystems.

Democratic President Joe Biden and top congressional Republican Kevin McCarthy struck a deal on Saturday to suspend the federal government's $31.4 trillion limit on US government borrowing, in order to avert a catastrophic default as soon as June 5.

Indonesia’s central bank is keeping a close eye on negotiations in the United States and says it is ready to intervene in the markets should that be necessary to guard the rupiah.

The Industry Ministry, as well as plastic manufacturers and analysts, says the proposal could disturb a local ecosystem already bruised by imports.

The government is planning to reduce bond issues in view of a budget surplus amounting to 1.12 percent of GDP and realizing 33.66 percent of its full-year debt financing target in the first quarter.

Optimism that the United States will avert a calamitous default supported equities Tuesday, with President Joe Biden and House Speaker Kevin McCarthy saying they held productive talks on the debt ceiling.