Indonesia and India are discussing a proposal to settle bilateral transactions with local currencies and link the fast payment systems of both countries, according to Bloomberg.

The government has yet to determine its stance on Bali’s US$10 foreign tourist tax with the Tourism Ministry saying it is still reviewing the policy and seeking input from stakeholders.

Indonesia may forgo a chance to export electricity as Singapore looks to other ASEAN countries and Australia, which seem to be more ready to supply the city state with clean power.

The European Union is rallying businesses to take countermeasures against Indonesia’s nickel ore export ban, after Jakarta appealed a World Trade Organization ruling against its protective mineral policy.

Singapore says investing in Indonesia's Nusantara Capital City will be done on a commercial basis and it will depend on its business sector to make the investments.

Singaporean Deputy Prime Minister Lawrence Wong, who is expected to be the city state's next prime minister, says he wants deeper cooperation with Indonesia in digital technology and the green economy.

A survey released by CNBC Indonesia Intelligence Unit on Tuesday found that 44.19 percent of business stakeholders in Indonesia had yet to make up their minds on whom they prefer among the three big names of suggested candidates for the 2024 presidential election.

China and the Association of Southeast Asian Nations (ASEAN) are pushing ahead with talks on a third version of a free trade agreement at an ASEAN summit in the Indonesian capital of Jakarta, China's top diplomat Wang Yi said on Thursday.

Small businesses expressed objections to the Quick Response Code Indonesian Standard (QRIS) transaction fee of 0.3 percent, saying that it was a burden on the back of all other administrative costs they have to pay.

The Indonesian resort haven of Bali will impose a Rp 150,000 (US$10) tax on tourists entering the 'Island of Gods' from next year to preserve its culture, officials said Wednesday.

In Indonesia, there is IKEA, and then there is IKEA. The popular Swedish furniture retailer lost its trademark to a company in East Java. First come, first served, but use it, or lose it in court.  

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.