At Rp 128.5 trillion (US$8.65 billion), or 0.61 percent of GDP, the state budget surplus in the first quarter was up tenfold year-on-year.

Two of the country's major tourist associations have expressed caution over a minister’s idea to impose a tax on foreign tourists, which came up after a spate of viral incidents involving foreign nationals behaving badly in Bali.

The State-Owned Enterprises (SOEs) Ministry says it plans to request an additional Rp 25 trillion (US$1.68 billion) from state coffers this year to aid several state-run construction firms, many of which are burdened by debt.

The Alliance of Independent Journalists (AJI) recommended on Tuesday that the proper take-home pay for journalists in Jakarta was Rp 8.2 million (US$555) per month. 

Indonesia does not have a free trade agreement with the United States, but its nickel products have increasingly become important in the supply chain.

The government has doubts about Malaysia’s suggestion to create an Asian Monetary Fund as a way to help countries in the region reduce their reliance on US dollars.

After months of debate, the government has decided not to let PT KCI import used rolling stock from Japan.

The government is considering to allow PT Freeport Indonesia to continue shipping copper concentrate out of the country despite an export ban meant to kick in after June.

Even without coverage for batteries, customers may need to pay more in insurance premiums for electric vehicle protection, due to the limited availability of spare parts.

China has urged the World Trade Organization to scrutinise US-led technology export restrictions aimed at curbing its ability to make advanced chips, state television said on Wednesday.

Official figures show that fewer individual taxpayers have submitted their tax returns by the March 31 deadline this year.

The European Union’s Carbon Border Adjustment Mechanism (CBAM), some say, could push the ASEAN region toward cleaner energy by eliminating carbon emissions in goods sent to Europe.

Potential investors have yet to take advantage of a wide range of incentives the government is offering to firms willing to help build the new capital city in Kalimantan.

The new technology is a double-edged sword that could help telecommunication service providers cut costs but may hamper customer retention.

Declaring financing to phase out coal-fired power plants as sustainable is a move long awaited by Indonesia and other countries that seek to speed up the energy transition.

Hotels and restaurants are up in arms over the recently imposed ban on iftar gatherings for government workers, arguing that the sunset events are one of the sure-fire sources of income during the fasting month, when the industry normally struggles with low occupancy levels.

Using the carrot rather than the stick, Bank Indonesia (BI) promises attractive interest rates for exporting firms that deposit their forex receipts at domestic banks.

Malaysia hopes to deepen cooperation with Indonesia to fight “discrimination” against palm oil stemming from the EU's deforestation law.

US petrochemicals giant Dow Inc and Sport Singapore, a government agency, had pledged that the shoes would be ground down to make playgrounds and running tracks. 

The country is expected to miss out on potential investment in the downstream mining sector if no significant effort is made to enforce environmental, social and governance (ESG) principles.

Bank Indonesia will launch a domestic credit card to reduce reliance on foreign payment networks. The scheme promises lower fees, as settlement is done locally.

The government has for may years imposed a ban on secondary clothing import on the grounds of protecting local micro, small and medium enterprises (MSMEs). But the implementation of this policy is questionable, given that the real problem lies in corruption, a vast network of smugglers and domestic productivity.

The measure would "immediately halt the exodus of deposits from smaller banks, stabilize the banking sector and greatly reduce chances of more bank failures," the Mid-Size Bank Coalition of America (MBCA) argued in a letter to authorities, according the report.

Workers are threatening mass protests and a lawsuit over the new regulation, while employers say without it, there would be layoffs.

The central bank governor says Indonesia’s banking sector has sufficient liquidity, but a negative perception of global investors may become a risk.

The announcement comes despite the government having brought 500,000 tonnes of rice into the country since December.

President Jokowi said that the war in Ukraine with the attendant economic sanctions imposed by the United States could create problems as economic tools, including payment systems, could be used against countries perceived to have any involvement in the conflict.

The National Food Agency (NFA) announced on Wednesday that the government had decided to increase the price ceiling (HET) of rice to allow for higher production costs.

In anticipation of higher interest rates in the second half of this year, the government has brought forward the planned issuance of bonds.

Indonesian electric two-wheeler producers are gearing up for rising sales thanks to government subsidies aimed at boosting electric vehicle (EV) adoption in the country.