Improving governance and best practices of insurance companies is more urgent than raising the minimum capital requirements, an expert believes.

The government insists that the proposed regulation only pushes for collaboration between digital platforms and media companies, such as in training or revenue-sharing.

A US central bank official said Saturday that more interest rate hikes "will likely be needed" to bring inflation down further, shortly after policymakers lifted rates to the highest level since 2001.

Indonesia may lack the necessary regulations to boost its competitiveness in attracting carbon capture investment when compared to other ASEAN countries. 

Vietnamese automaker VinFast last week began construction on a US$4 billion plant to produce EVs in North Carolina for the US market, but could struggle to compete without the tax break, says a lobbyist. 

A researcher from Jakarta-based think tank CSIS has pointed to the need for greater regulatory support to ensure that Indonesia could meet is JETP targets, particularly after the change of government next year.

Current regulations in India allow companies to import laptops freely, but the new rule mandates a special licence for these products similar to restrictions India imposed in 2020 for inbound TV shipments.

The government has pointed to high airfares as one reason for the sluggish recovery of the tourist industry, as ticket prices remain elevated more than half a year after the Supreme Court upheld an antitrust ruling against seven domestic carriers.

The EU proposal would apply higher minimum tax rates to polluting fuels like petrol, and the lowest rates to electricity and sustainable fuels.

The government has again pushed back the limited public trial run for Greater Jakarta light rail transit (LRT), this time to Aug. 5.

Transportation Minister Budi Karya Sumadi confirmed that the extension project of the Jakarta-Bandung high-speed rail to Surabaya would be continued.

Australia has disputed Indonesia's claim to have found lumpy skin disease (LSD) in live cattle imported from the country.

Investors say they need better government incentives to develop the electric vehicle (EV) charging infrastructure necessary for the technology to be widely adopted in the country.

The government has highlighted longstanding tax incentives and other policies that seek to lighten the burden on exporters that keep their earnings in country, as it prepares to require high-value exporters to maintain foreign exchange deposits at home.

The European Central Bank raised interest rates for the ninth consecutive time on Thursday and said it was open-minded about further tightening as stubbornly high inflation and recession worries pull policymakers in opposing directions.

The increase, after a brief pause in June, brings the Fed's key lending rate to a range between 5.25 percent and 5.5 percent.

The government plans to take out the Jakarta-Surabaya rail link project from the national strategic projects (PSN) list citing uncertain financing and the length on time needed to finish the project.

A new policy requiring commodity exporters to keep some of their foreign exchange revenue in Indonesia is cause for alarm among coal miners.

The Federal Reserve is expected to raise interest rates by a quarter of a percentage point on Wednesday, marking the 11th hike in the US central bank's past 12 policy meetings and possibly a last move in its aggressive battle to tame inflation.

The regulation also pushes for business relations between media companies and digital platforms, which could include financial compensation.

The central bank decided to reduce its QRIS per-transaction fees while keeping its key interest rate unchanged with a view to maintaining a stable rupiah.

The Just Energy Transition Partnership (JETP) has suggested that emissions reductions from the early retirement of coal-fired power plants be marketed as carbon credits, and that funds be provided to facilitate the program.

At the 14th G20 Clean Energy Ministerial Meetings, Indonesia stood with a group of countries that disagreed with a commitment to triple renewable energy capacity by 2030.

Indonesia has reaffirmed its plan to implement carbon exchange starting in September, with the government estimating its carbon market could be valued at up to US$15 billion per tonne of CO2.

Higher prices for subsidized housing will not have a major impact on the government’s plan to distribute 220,000 units to eligible buyers this year and next.

State-owned Enterprises (SOEs) Minister Erick Thohir has maintained that nickel miner Vale must relinquish a larger stake to Indonesia that includes the country’s state-owned miner holding MIND ID.

The government is planning intervene in the credit market to address nonperforming loans to micro, small and medium enterprises (MSMEs) and free up banks to lend further to the group, but experts say the move could have a dire impact on small banks’ balance sheets.

Finance Minister Sri Mulyani Indrawati wants global policy standards for the regulation of crypto assets.

A study from professional services firm EY suggests that changes in tax policy and higher loan limits may help Indonesia improve financial inclusion.

Newly appointed communications and information minister Budi Arie Setiadi asserts that the construction of 4G base transceiver station (BTS) tower project will be completed this year despite recent delays.