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The government plans to impose exit duties on gold next year in a bid to increase state revenue and keep more of the precious metal inside the country for saving or further processing.
6 hours agoExpended underground mining is jeopardizing the coal industry’s and the government’s commitment to the Global Methane Pledge, a pact to cut methane emissions by at least 30 percent by 2030. ...
1 day agoBank Indonesia (BI) has kept its benchmark interest rate unchanged for a second month after recently decreasing it by 25 basis points (bps) in each of three consecutive meetings. The central bank has revised up its gross domestic product projection for the year. ...
1 day agoSoutheast Asian countries will need to collaborate more closely to build a power grid and other infrastructure to connect renewable energy supplies across the region, but the starting point is transmission grid upgrades, an expert says.
2 years agoMinisters have repeatedly said that e-commerce sellers using predatory pricing on social media platforms are threatening offline markets in Indonesia, with some officials specifically citing the video platform TikTok as an example.
2 years agoThe trading bloc introduced new rules this year that ban goods from land that has been deforested, throwing its muscle into the fight against climate change and environmental destruction.
2 years agoThe President has called a cabinet meeting to discuss the country's e-commerce sector in general, including TikTok's planned expansion into social commerce.
2 years agoThe complete phasing-out of fossil fuels is not realistic, China's top climate official said, adding that these climate-warming fuels must continue to play a vital role in maintaining global energy security.
2 years agoWhile most other major central banks have pressed ahead with interest rate hikes to tame prices, the BoJ has refused to shift from its long-term program of sub-zero borrowing costs in order to kickstart the world's number three economy.
2 years agoWhen the EU launched an investigation into Chinese electric car subsidies, Brussels wanted the world to know that it will protect the automotive sector that is the jewel in Europe's industrial crown, even if it upsets Beijing.
2 years agoIndonesia's energy minister said on Thursday the government had made improvements in its oil and gas terms that would allow contractors to have equity shares of more than 50 percent in some new blocks to attract investment.
2 years agoThe SMEs minister has denied suggestions that the government planned to ban the highly popular social media platform, though he said if there was one, it would be designed to protect local SMEs against unfair competition.
2 years agoHuawei recently started selling its Mate 60 Pro phone containing a chip that analysts believe was made with a technology breakthrough by Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC).
2 years agoThe government said it intends to carry out oil and gas exploration in the Warim block in Papua as planned, despite some of the land falling within the Lorentz National Park, a protected UNESCO World Heritage site.
2 years agoThe government will permit the use of state funds as a loan guarantee to sustain the Jakarta-Bandung high-speed railway (HSR) project, a decision that has been criticized for putting a heavy burden on the taxpayer.
2 years agoIndonesia is set to miss its target 7.2 gigawatt (GW) of installed geothermal power capacity because of high development costs and a lack of supporting regulation, according to the Indonesian Geothermal Association (INAGA).
2 years agoThe Nusantara Capital City (IKN) Authority has said that it requires an additional Rp 3.15 trillion (US$ 204.9 million), citing needs to cover higher infrastructure spending in the new capital project.
2 years agoThe government promised to compensate residents of Rempang Island, Riau Islands, to leave their lands, as Jakarta insists on paving the way for a China-backed megaproject in the area.
2 years agoCoffee firms' lack of preparedness for the law might prompt them to shift sourcing to more developed regions like Brazil that have better traceability, leaving the millions of mostly small scale, poverty stricken farmers in the lurch, the report says.
2 years agoIndonesia is moving closer to selling electricity to the neighboring city state, but analysts still see challenges related to clearing and manufacturing.
2 years agoThe Business Competition Supervisory Commission (KPPU) has said it will expand its questioning of rice millers in relation to allegations of anticompetitive practices after speaking to a top industry player.
2 years agoLawmakers have rejected state-owned electricity firm PLN’s request for Rp 10 trillion (US$651.4 million) in public funds for the improvement of the country’s energy infrastructure, pointing to a lack of clarity on the utility’s priorities and use of funds.
2 years agoThe investigation launched on Wednesday will determine if punitive tariffs are warranted to protect EU producers from what European Commission President Ursula von der Leyen described as a "flood" of cheaper Chinese EV imports.
2 years agoEnvironmental groups have submitted a formal complaint to the World Bank for providing financial support for two coal-fired power plants in Indonesia, violating a pledge to stop backing fossil fuels.
2 years agoChinese staff from China Railway Group will be responsible for the operation and maintenance of the Jakarta-Bandung high-speed railway in its early years, PT Kereta Cepat Indonesia-China (KCIC), the Sino-Indonesian consortium responsible for the project, has announced.
2 years agoIndonesia users spent more money on TikTok than anywhere else in Southeast Asia over the past year, as the app's e-commerce arm rapidly grew to gain a substantial regional market share and millions of sellers since its 2021 launch.
2 years agoBrussels will investigate Chinese state subsidies for electric cars, EU chief Ursula von der Leyen said Wednesday, vowing to defend Europe's industry against "artificially low prices".
2 years agoThe government has proposed state capital injections (PMN) of Rp 24.6 trillion (US$1.59 billion) to continue work on toll road projects handled by debt-laden state-owned enterprises (SOEs).
2 years agoRare earths are considered to be lucrative and of strategic value because they are used in the manufacturing of military equipment, lasers, smartphones and magnets found in electric vehicles and wind turbines.
2 years agoRare earths are a group of 17 elements used in products from lasers and military equipment to magnets found in electric vehicles, wind turbines, and consumer electronics, such as smartphones.
2 years agoGreenpeace praises the utility firm for its ambition but expresses doubt over the implementation, while experts urge the government to disincentivize the coal industry and pour subsidies into renewable energy projects.
2 years agoThe Agricultural Quarantine Agency says the government would not impose an immediate ban should lumpy skin disease (LSD) be detected again in animals shipped into the country.
2 years agoIndonesia should foster a friendly environment for mining firms so that nickel reserves can be tapped and the country can move away from importing the commodity, according to industry observers.
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