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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 agoExperts 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 agoThe 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 agoLabor 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“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 agoPresident 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 agoGanjar 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 agoThe 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 agoNext 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 agoIndonesia’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 agoThe circular from OJK also regulates which borrowers P2P lenders can approve, as well as the debt-collection process.
2 years agoAir taxis are small aircraft that can take off and land vertically, transporting passengers across short distances within a country.
2 years agoNegotiators 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 agoThe 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 agoAll 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 agoThe 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 agoSeveral 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 agoThe 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 agoThe 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 agoThe 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 agoSome 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 agoThe 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 agoSocial 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 agoThe government has initiated an investigation into textile import products as an initial step to safeguard the domestic industry against foreign shipments.
2 years agoIndonesia 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 agoSince 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 agoPetrochemical industry players and analysts are urging the government to help ensure stable demand and access to affordable raw materials.
2 years agoThe 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 agoOperated 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 agoIndonesia'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 agoJakarta’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 agoThe 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 agoIn 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.
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