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Jakarta Post
Regulations premium

No tax for 50 years: Govt mulls over incentives for financial center

Very generous tax rules are among the incentives the government is considering to lure global investors to take part in developing the country's inaugural financial hub.

3 hours ago
Regulations premium

Prabowo’s plan to channel PNM loans through cooperatives raises eyebrows

Experts warn that without the intensive mentoring long associated with microfinance, an area in which the Red and White Cooperatives still lag, the loans risk turning into bad debt. ...

21 hours ago
Regulations premium

Coretax to be central tax administration system from July: Finance Ministry

The Finance Ministry has announced that the capacity of the Coretax platform will be expanded gradually this month to handle all tax-related matters, in an aim to enable better oversight, data accuracy and administrative effectiveness, as well as to increase taxpayer confidence. ...

1 day ago

The Latest

Regulations premium

Operator of Morowali nickel plant may face penalties after deadly explosion

Industry Minister Agus Gumiwang Kartasasmita said the disciplinary action would vary depending on the results of the ongoing investigation.

2 years ago
Regulations premium

RI looks to conclude trade agreements with Canada, Tunisia, Peru this year

The Trade Ministry aims to conclude agreements with a range of countries this year in its endeavor to diversify trade relationships.

2 years ago
Regulations premium

Miners offered tax incentives for reforestation near new capital

The move seen by environmental groups as failure to held polluters accountable and risked leaving damaged lands in other areas unattended.

2 years ago
Regulations premium

Low 2023 budget deficit not all good news, experts say

Indonesia posted the lowest budget deficit in years, but experts say the smaller-than-planned gap between state revenue and state expenditure also means the government could have done more to support economic growth.

2 years ago
Regulations premium

Upstream uncertainty preventing auction of 72 gas networks, BPH Migas says

Indonesia is aiming to reduce its reliance on gas imports by building natural gas distribution networks throughout the country.

2 years ago
Regulations premium

Indonesia kicks off 2024 with 10% e-cigarette tax to industry opposition

Following a so-called transition period of five years, the government has kicked off 2024 by imposing a 10 percent e-cigarette tax, sparking opposition from industry players.

2 years ago
Regulations premium

Experts warn new HSR station in Bandung will slow down Whoosh speed

Having more stations will lead to a longer overall travel time due to additional stops, experts warn.

2 years ago
Regulations premium

Yearender: Jakarta public transportation improves but many will still prefer cars

People living in the city and its surroundings will likely remain reliant on private vehicles, experts say, citing an urgent need for a drastic improvement of the public transportation system.

2 years ago
Regulations premium

As death toll rises, Morowali blast brings work safety squarely into focus

As the police revise the death toll from the Morowali nickel smelter furnace explosion on Christmas Day, the government is increasing scrutiny of work safety amid calls for regular audits.

2 years ago
Regulations premium

Ministry eyes more underground mining amid declining reserves

The government expects an uptrend in underground mining to take hold in the country as surface mineral reserves continue to decline.

2 years ago
Regulations premium

Cost, technology cast doubts on CCS plans

According to experts, implementing carbon capture and storage (CCS) in Indonesia within five years will be challenging because of the high costs of the novel technology and low expectations for scaling up.

2 years ago
Regulations

BOJ's Ueda signals chance of policy shift, progress on price goal

Bank of Japan Governor Kazuo Ueda said on Monday the likelihood of achieving the central bank's inflation target was "gradually rising" and it would consider changing policy if prospects of sustainably achieving the 2 percent target increase "sufficiently".

2 years ago
Presidential Race premium

Gibran defends his father’s policies

Analysts say President’s son was "assertive" despite making "incorrect answers".

2 years ago
Regulations

Choose wisely, armed with Pemiludamaipedia

Ministry of Communications and Informatics Republic of Indonesia (Kominfo) has published Pemiludamaipedia. Similar to an encyclopedia, Pemiludamaipedia consists of all the information regarding the presidential election, legislative election and regional head elections that will occur in 2024.

2 years ago
Regulations premium

BI sees no rate change until H2 2024 but keeps open mind to cutting sooner

Bank Indonesia (BI) expects to keep its benchmark interest rate at 6 percent for at least six more months to keep inflation at bay, in addition to ensuring rupiah stabilization.

2 years ago
Regulations premium

Local content rules holding back 9 renewable energy projects, PLN says

Nine new renewable energy projects worth a combined Rp 51 trillion have seen their financing dry up as a result of international lenders' unwillingness to meet government local content requirements, state-owned electricity company PLN said on Tuesday.

2 years ago
Regulations

Toyota shares sink after Daihatsu suspension, airbag safety concerns

Daihatsu said Wednesday it would suspend domestic and overseas shipments of all its vehicles in light of an independent panel's report that found it had been manipulating tests as long ago as 1989.

2 years ago
Regulations

Japan begins on-site inspection to Daihatsu

The independent probe found the malpractice dated back to 1989 and led Toyota to express its "sincere apologies" and pledge to carry out "a fundamental reform".

2 years ago
Regulations

Toyota recalling 1.12 million vehicles over potential air bag issue

The recall covers 2020 through 2022 model year vehicles including various Avalon, Camry, Corolla, RAV4, Lexus ES250, ES300H, ES350, RX350 Highlander and Sienna Hybrid vehicles and could result in the Occupant Classification System (OCS) sensors not working. It includes 1 million vehicles in the United States.

2 years ago
Regulations

Boeing closer to resuming China 737 MAX deliveries after regulator nod

Individual aircraft deliveries to China that were suspended in 2019 after two deadly crashes still need approval from China's National Development and Reform Commission (NDRC), the report said. 

2 years ago
Regulations premium

Experts say carbon tax’s benefits could outweigh costs

A planned carbon tax is expected to impact state-owned electricity firm PLN’s business, but experts say the levy could benefit the electricity sector overall, despite initially higher energy costs.

2 years ago
Regulations

Daihatsu to halt shipment of all models over rigged safety tests

"Daihatsu decided today to temporarily suspend shipments of all Daihatsu-developed models currently in production, both in Japan and overseas," the auto titan said in a statement  following a report by an independent panel.

2 years ago
Regulations premium

Govt mulls lifting lobster larvae export ban in return for investment

Vietnam had been the prime destination for Indonesia’s lobster larvae exports and according to the Maritime Affairs and Fisheries Ministry, 99 percent of shipments went to that country.

2 years ago
Regulations premium

Nickel plan sidelined as govt pushes EV market with new incentives

Indonesia, trailing its neighbors in the electric vehicle (EV) race, is stepping on the gas with a package of tax incentives aimed at revving up its domestic industry, a government official has said.

2 years ago
Regulations

Apple to halt US sales of Series 9, Ultra 2 smartwatches over patent dispute

The move comes after an order in October from the US International Trade Commission (ITC) that could bar Apple from importing its Apple Watches after finding the devices violate medical technology company Masimo's patent rights.

2 years ago
Regulations premium

Private insurers want limits to scope of public healthcare coverage

Analysts have urged finalizing the prolonged discussions over a Coordination of Benefits (COB) scheme, which they say will reduce public-private competition and ultimately help the government toward achieving its universal health coverage goal, alleviate risk for private insurers as well as ensure better health benefits for all.

2 years ago
Regulations premium

ADB eyes Cirebon-1 early retirement’s financial closure in H1 2024

The Asian Development Bank (ADB) will focus its Energy Transition Mechanism (ETM) financing program to achieve a financial close for the Cirebon-1 early retirement project transaction in the first half of 2024.

2 years ago
Regulations premium

Indonesia needs more skilled expatriates to help create jobs, Kadin says

According to Kadin department head of monetary policy and financial services Tigor M. Siahaan, one expatriate could create at least 20 jobs for local people.

2 years ago
Election Updates premium

Presidential candidates trade blows over fertilizer shortages

Indonesia’s presidential candidates clashed over national fertilizer shortages at Tuesday’s inaugural debate of the 2024 campaign, with the three trading blame and using the problem to highlight broader policy differences.

2 years ago
Regulations

Indonesia relaxes tax rules on EV imports to attract investment

Indonesia will grant automakers that plan to build electric vehicle plants tax incentives on their imports of completely built-up EVs until 2025, a new presidential regulation showed as Jakarta seeks to attract more investment.

2 years ago
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