The SOEs minister has proposed state capital injection totaling just over US$2.7 billion for next year, the bulk of which is intended to save toll road projects helmed by heavily indebted state-owned developers.

Tapera mandates foreigners working in Indonesia for at least six months must make deposits, despite Indonesian law barring this group from owning a house in the country.

Government debt rose to Rp 8.33 quadrillion (US$513 billion) in April from Rp 8.26 quadrillion in the preceding month but remains well below the legal threshold.

Appealing conditions are needed to encourage the move of Chinese companies to Indonesia in the automotive, electronics, chemical and textile sectors, according to the Industrial Estates Association (HKI).

London-based gold association LBMA said it is reviewing allegations involving Indonesian state miner Aneka Tambang (Antam) over the purity of its gold products.

The government's move to grant state-owned coal mine concessions to business entities owned by religious groups may discourage foreign investment in the domestic coal sector.

Some experts argue the local content requirement (TKDN) prevents companies from purchasing cheaper material and advanced equipment from other countries, thus limiting their international competitiveness.

Without naming names, the senior minister lambasted the former IKN Authority leadership's lack of courage to "make decisions" for hamstringing progress in building the country's new capital, though he also claimed the project was still on target.

The Online Streaming Act, passed in 2023, created a legal framework to regulate digital platforms and oblige them to contribute financially to the creation, production and distribution of Canadian content, such as TV shows, as well as its promotion.

The irregularities were also found in applications from Honda, Suzuki and Yamaha Motor, the ministry said. The automakers were found to have submitted incorrect or manipulated test data when they applied for certification of the vehicles.

A viral video of an argument over public access to Sumba waters has prompted the tourism minister to cite a presidential regulation clearly stipulated that all beaches and waters are public space.

Several unions for both employees and employers are thinking of challenging the legal basis and implementing regulations for the Tapera program at the country's top courts, since the government appears set on collecting matching contributions from workers' monthly wages to fund the housing program.

A surprise press conference revealed on Monday that the IKN Authority head and deputy head had both quit, weeks after the President had received their resignation letters, which experts say could be a bad sign for the nation's new capital and both existing and potential investors.

It marks the first in-person IPEF ministerial session since the substantial conclusion of negotiations for the IPEF Clean Economy Agreement and the Fair Economy Agreement in November in San Francisco.

Minister maintains IEU-CEPA could be concluded before outgoing government ends. 

Indonesia’s green finance taxonomy, which currently labels certain coal-fired power plants “green”, may make it challenging to access financing aimed to help shut down coal plants earlier.

Market mechanisms must not be allowed run their course, the finance minister says, warning that a lack of control by the state opens the door to exploitation.

Statements from the finance minister and a budget planning document suggest the government may cut energy subsidies and compensation next year in a move analysts say would create fiscal space for the incoming administration to pursue new policies.

Australia and China, its largest trading partner, are rebuilding ties after a period of strained relations which hit a low in 2020 after Canberra called for an independent investigation into the origin of COVID-19.

The policy, named the public housing savings (Tapera) program, requires participants to make a monthly deposit equal to 3 percent of their monthly salary.

An official said the fare hike appeared to be uniform across operators, a possible indication of price collusion.

While 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.

The 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.

The 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.

A 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.

The government has expressed its disappointment with Russia's decision to temporarily ban the export of Indonesian coconut products.

Too many red flags would slow down or halt national development, the President said, arguing that in the race for development, speed was imperative.

Since last year, natural resource exporters from Indonesia must retain for at least three months in the domestic financial system 30 percent of their proceeds.

The 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.

The 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.