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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.

5 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. ...

23 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

Millions of workers to strike over 2024 minimum wage: Unions

Labor unions have expressed their dissatisfaction with the 2024 minimum wage formula and announced nationwide walkouts involving millions of workers to take place by the end of this year. 

2 years ago
Regulations premium

High consumers to require permit for groundwater use

“We encourage the rich with swimming pools to seek approval, because they extract water from the same source as the broader community, used for everyday activities,” a government official said.

2 years ago
Regulations

US postpones Asia trade deal rollout after domestic fire

President Joe Biden's administration signaled Monday it would postpone a draft of an Asia trade pact that had been set to be unveiled at a summit in San Francisco, after facing domestic criticism.

2 years ago
Election Updates premium

Presidential candidates divided on Jokowi’s food estate policy

Ganjar Pranowo and Anies Baswedan have distanced themselves from President Jokowi's food estate program, which is Prabowo Subianto's key solution for food security.

2 years ago
Regulations premium

Govt rises revenue target and seeks less debt issuance in 2023 state budget

The government has decided to alter its 2023 state budget to reflect an upward revision in its revenue collection target, which allows the country to afford higher spending.

2 years ago
Regulations

US, Indonesia to discuss potential for deal on EV minerals

Next steps that could move the countries toward formal negotiations on the partnership will be discussed when President Joko "Jokowi" Widodo visits the White House for a meeting with US President Joe Biden on Monday, according to one of the people.  

2 years ago
Regulations premium

Coal phase-out scheme draws minimal JETP funding

Indonesia’s JETP is stuck in a catch-22 when it comes to early coal retirement: while this is necessary for the country’s transition to renewables on the one hand, financiers are finding their hands tied by external pressure.

2 years ago
Regulations premium

OJK imposes cuts on P2P interest rates, fees starting next year

The circular from OJK also regulates which borrowers P2P lenders can approve, as well as the debt-collection process.

2 years ago
Regulations

Asia-Pacific countries to outline air taxi and drone safety guidelines by 2025

Air taxis are small aircraft that can take off and land vertically, transporting passengers across short distances within a country.

2 years ago
Regulations

Race to finish Indo-Pacific trade deals hit snags ahead of APEC summit

Negotiators from 14 countries are racing to close out chapters of the Indo-Pacific Economic Framework for Prosperity in hastily arranged talks this week, with announcements expected on cooperation to accelerate the clean energy transition and to fight corruption and tax evasion.

2 years ago
Presidential Race premium

Prabowo promises Rp 450t free school lunch program

The defense minister has made a campaign pledge of a whopping per annum fund of US$28.7 billion toward a national school lunch program to tackle childhood stunting and malnutrition, but one that omits a targeted rate and time frame, unlike his rivals'.

2 years ago
Regulations premium

Presidential candidates vow to stay the course on energy transition

All three presidential candidates have expressed their intention to continue on Indonesia’s energy transition path as the country strives to secure funds for switching off coal-fired power plants and increasing the use of renewable energy.

2 years ago
Regulations premium

Certification headache for Indonesia's budding carbon market

The recent launch of Indonesia’s carbon exchange could drive the business of carbon credit certification as firms and organizations seek to demonstrate their sustainability credentials, but experts note that the regulatory framework for this has yet to be completed.

2 years ago
Regulations premium

Firms turn to courts to recover losses from govt cooking oil flip-flop

Several cooking oil producers and retailers have filed cases against the Trade Ministry seeking to reclaim what they say are billions of rupiah in losses resulting from government policies last year intended to bring down the price of the commodity.

2 years ago
Regulations

Ex-crypto mogul Sam Bankman-Fried convicted of multi-billion dollar FTX fraud

The verdict came just shy of one year after FTX filed for bankruptcy in a swift corporate meltdown that shocked financial markets and erased his estimated $26 billion personal fortune.

2 years ago
Presidential Race premium

From tall order to piece of cake: Presidential candidates vow to beef up R&D

The vision and mission documents of the three candidates vying for the presidency next year show that all are committed to boosting the country's R&D spending, but experts commented that their individual targets ranged widely from “way too pessimistic” to “too ambitious”, with only one candidate addressing the necessary institutional restructuring.

2 years ago
Regulations premium

Govt publishes JETP plan for review, skirts thorny captive power issue

The Just Energy Transition Partnership (JETP) Secretariat, tasked with implementing a US$20 billion global effort to reduce carbon emissions in Indonesia, has made its investment plan available for public review.

2 years ago
Regulations

Govt says 200,000 hectares of palm plantations to be made forests

Some 200,000 hectares of oil palm plantations found in areas designated as forests in Indonesia are expected to be returned to the state to be converted back into forests, a government official said late on Tuesday.

2 years ago
Regulations premium

Interns want govt to step in, ensure fair compensation

The debate about unpaid internships intensifies every fall as fresh graduates seek career inroads. Recent posts on social media show many young Indonesians complaining about doing full-time work without compensation – an outcome equally unpopular with the interns themselves as with their paid coworkers.

2 years ago
Regulations premium

Meta, YouTube, TikTok want e-commerce licenses. Why?

Social media platforms reportedly keen to engage in e-commerce in Indonesia, despite the government recently restricting social commerce, will need to go through several regulatory hoops according to business analysts.

2 years ago
Regulations premium

RI launches safeguard measures probe into textile imports

The government has initiated an investigation into textile import products as an initial step to safeguard the domestic industry against foreign shipments.

2 years ago
Regulations premium

Indonesia to launch pilot coal plant early retirement project before COP28

Indonesia is expected to conclude negotiations on a pilot coal-fired power plant retirement program before the United Nations’ COP28 climate conference in Dubai, United Arab Emirates, according to the Energy and Mineral Resources Ministry.

2 years ago
Regulations

Free trade deal between EU and Australia collapses

Since 2018 the painstaking discussions have picked through everything from chemicals to cosmetics, but have repeatedly come unstuck over market access for Australian products such as beef and sheep meat.

2 years ago
Regulations premium

Petrochemical industry in need of help for downstream growth

Petrochemical industry players and analysts are urging the government to help ensure stable demand and access to affordable raw materials.

2 years ago
Regulations premium

Govt claims most illegally imported goods come in from Malaysia

The Customs and Excise Office says most illegally imported goods come to Indonesian shores from Malaysia, often through small routes but sometimes via big ports.

2 years ago
Regulations

Garuda Indonesia conducts first commercial flight using palm oil-blended jet fuel

Operated by flag carrier Garuda Indonesia, the Boeing 737-800NG aircraft carried more than 100 passengers from the capital Jakarta to Surakarta city about 550 kilometres (341.75 miles) away, according to CEO of Garuda Indonesia Irfan Setiaputra.

2 years ago
Regulations

TikTok, YouTube, Meta eye Indonesia e-commerce licenses- sources

Indonesia's trade ministry banned e-commerce transactions on social media a month ago, saying it sought to protect small and midsize offline merchants and marketplaces, and to ensure users' data was protected.

2 years ago
Regulations premium

State budget commitment may give credence to Indonesia’s JETP investment

Jakarta’s decision to commit state funds to energy transition projects may get donor countries to make good on pledges to provide US$20 billion under the Just Energy Transition Partnership (JETP).

2 years ago
Regulations premium

Worn-out LRT trains see dozens of trips canceled, speed reduced

The operator of the new Greater Jakarta LRT has been forced to cancel many trips and slash travel speeds due to a lack of trains in working order.

2 years ago
Regulations premium

Businesses seek to ensure post-election continuity

In a bid to prevent unpleasant surprises, businesses have proposed road maps to be adopted by all three candidate pairs participating in next year’s general election.

2 years ago
Page: 42

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