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Experts warn that without the intensive mentoring long associated with microfinance, an area in which the Red and White Cooperatives still lag, the loans risk turning into bad debt.
15 hours agoThe Finance Ministry has announced that the capacity of the Coretax platform will be expanded gradually this month to handle all tax-related matters, in an aim to enable better oversight, data accuracy and administrative effectiveness, as well as to increase taxpayer confidence. ...
23 hours agoTo make the scheme financially viable, the government has set a domestic reference price for nonsubsidized diesel at Rp 18,600 per liter, based on average production costs. ...
1 day agoWhile industries have generally welcomed the government's backtracking on a controversial Trade Ministry regulation, certain sectors including electronics and cable manufacturing insist that easing import curbs is not a one-size-fits-all solution.
2 years agoThe finance minister says the container backlogs at the country’s two busiest ports have been mostly cleared following the latest revision to the new import rules, the third in as many months since the Trade Ministry's regulation went into effect on March 10.
2 years agoThe Japanese government’s new carbon capture and storage (CCS) rules are set to kick-start the country’s exports of carbon dioxide (CO2) to Southeast Asia as part of Tokyo’s endeavor to achieve carbon neutrality by 2050.
2 years agoA crackdown on illegal tukang parkir in Jakarta enjoys wide public support but could spell the end of a livelihood for thousands of Jakartans who say they just make enough to get by. The Jakarta Post spoke to some of them while they were going about their business outside minimarkets in the Tebet area.
2 years agoThe government has expressed its disappointment with Russia's decision to temporarily ban the export of Indonesian coconut products.
2 years agoToo many red flags would slow down or halt national development, the President said, arguing that in the race for development, speed was imperative.
2 years agoSince last year, natural resource exporters from Indonesia must retain for at least three months in the domestic financial system 30 percent of their proceeds.
2 years agoThe bill prohibits streaming content displaying violence, mysticism, LGBT or “negative behavior or lifestyles that potentially harm the public”, with violations resulting in fines or license termination.
2 years agoThe Industry Ministry has rejected any blame for the buildup of vessels and containers at key seaports across the country after the Trade Ministry pointed to the delayed issuance of technical approvals (Pertek) as the main cause.
2 years agoThe outgoing government has proposed increased spending on priority programs for next year’s state budget, except for infrastructure, which is to see just an incremental increase or even a decrease.
2 years agoLocal businesses have embraced the Trade Ministry's latest regulation issued on Friday to ease imports of certain goods, the third such policy backtrack since a new set of restrictions were imposed in March.
2 years agoIndonesia hopes revoking a ministerial regulation could encourage investment in renewable energy projects.
2 years agoVendors are struggling to meet increased demand for air conditioners and blame a recently issued regulation for hampering imports.
2 years agoThe plan was announced despite an initial plan to mandate battery-based electric vehicles in the new capital city, particularly for passenger vehicles.
2 years agoThe government has pushed back rules that will make halal certificates mandatory for medium, small and micro enterprises (MSMEs) in the food and beverage industry.
2 years agoSpeaking at the Qatar Economic Forum, Prabowo said criticism of Indonesia's downstreaming policies for coal, palm oil and nickel was misplaced and insisted that all nations maintained at least some trade restrictions.
2 years agoThe revised rule primarily addresses complaints over import regulations for passenger goods and migrant workers, but stipulations on raw and auxiliary materials remain mostly the same.
2 years agoThe measures, which drew strong opposition from Beijing, come as Biden seeks to look tough on trade ahead of a rematch with Republican Donald Trump in November's US presidential election.
2 years agoThe government is considering the establishment of a standalone ministry to deal with the housing backlog and financing for developers.
2 years agoThe government has vowed to compenate affected people fairly as unresolved issues related to land clearing, including relocating local inhabitants, continue to bog down progress in the IKN project as the clock ticks down to several milestones before Independence Day.
2 years agoThe Trade Ministry has temporarily confiscated a Rp 50.9 billion (US$3.17 million) tanker imported from China over an allegedly missing import permit.
2 years agoThe distribution of substandard steel could increase the risk of construction accidents and infrastructure failures, as well as hamper market competition.
2 years agoTourism minister said the plan was to finance the fund using the central government budget instead of collecting fees from tourists.
2 years agoIndonesia has too many international airports due to government oversight, an expert says.
2 years agoOECD committees may recommend changes to Indonesia’s legislation, policy and practices to bring them further into line with OECD standards and best practices.
2 years agoIndonesia’s relative lack of intellectual property (IP) protections has made investing in the country less appealing, foreign businesses have said, as they urge the government to improve IP regulation and enforcement.
2 years agoFinance Minister Sri Mulyani Indrawati has ordered the Customs and Excise Directorate General to improve its services after several complaints by Indonesians buying goods from abroad made the rounds on social media.
2 years agoIntroducing more renewables will only be possible if the country can solve its persistent electricity problems.
2 years agoMusk had been set on his cancelled India trip to announce $2 billion to $3 billion in new investments, including in a car plant, after India offered lower import taxes on EVs in return under a new policy.
2 years agoThe revision has been concluded and is awaiting signatures, with the final document to be ready by May.
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