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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.
6 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. ...
1 day 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 agoBusinesses have requested the government grant direct approval of nearly a century in land rights for investments made in the country’s future capital city, Nusantara, which experts perceived as a sign of the private sector’s reluctance to invest in such a high-risk project.
2 years agoThe fisheries ministry is drafting a new decree to lift a 2016 ban on exporting lobster larvae that it says it will follow up with stricter monitoring to ensure compliance among licensed exporters.
2 years agoIndonesia is looking to involve private companies to accelerate the development of household gas networks, but firms said their participation would only be possible if they are provided with incentives to ensure long-term profitability.
2 years agoPresident Joko “Jokowi” Widodo has largely failed to reform energy subsidies in the country, experts say, a promise he made some nine years ago, before his tenure in the nation’s highest office.
2 years agoThe Agriculture Ministry plans to reduce garlic imports next year by around 40 percent to encourage domestic production.
2 years agoThe government has expressed its optimism that the tourist tax to be imposed on Bali in February 2024 will not affect foreign arrivals to the island province.
2 years agoPolicy experts are urging the government to introduce emissions caps for energy-intensive industries to incentivize businesses to participate in the newly launched IDX Carbon and contribute to the country's emissions reduction goal.
2 years agoFollowing the closure of TikTok’s e-commerce feature, traditional vendors are urging the government to close down other online platforms as well, arguing that such a move would revive quiet hallways at markets.
2 years agoPresumed presidential candidate Ganjar Pranowo said that he would support extending the Whoosh high-speed railway (HSR), a Sino-Indonesian flagship project started by President Joko “Jokowi” Widodo, to Surabaya.
2 years agoA recent Finance Ministry regulation has placed new import duties on four types of products, with levies reaching some 40 percent of the product’s value in certain cases.
2 years agoNajib Razak, who was prime minister from 2009 to 2018, co-founded 1MDB and chaired its advisory board until 2016.
2 years agoThe government sees a need to develop so-called “new energy” projects, such as nuclear, hydrogen and ammonia, to achieve its net-zero emissions goal by 2060 or far earlier.
2 years agoLabor unions are demanding that the government raise the minimum wage by 15 percent for next year in response to improved economic performance in the country this year, but employers contend that such a wage hike would be impossible given the business situation’s continuing precariousness.
2 years agoExperts say that finalizing a deal on the proposed Cirebon 1 early retirement pilot project was key to getting other operators of coal-fired power plants to sign on to the government's Energy Transition Mechanism (ETM) program.
2 years agoThe KCC is notifying the companies for corrective action, and will deliberate on the fines, the statement said.
2 years agoFollowing a successful static test in late July, the government has conducted its first flight test for BAF created in cooperation with the Bandung Institute of Technology and produced by Pertamina.
2 years agoPertamina's upstream arm PHE and MedcoEnergi are seeking to switch their contracts from a gross split to a cost recovery scheme for certain oil and gas fields to improve their profitability and overall output.
2 years agoIndonesia will soon finalize negotiating loan interest rates to finance the cost overrun of the Whoosh high-speed railway (HSR), with the figure expected to remain high despite efforts to secure cheaper funding costs.
2 years agoSince late 2019, after the US blocked the appointment of new judges to the WTO's Appellate Body due to complaints over judicial overreach, 29 cases have been left in limbo, delivering a heavy blow to the dispute settlement system.
2 years agoThe new regulation is yet another setback for TikTok, which has faced intense scrutiny in the United States and other nations in recent months over users' data security and the company's alleged ties to Beijing.
2 years agoDespite the inauguration of the long-awaited Jakarta-Bandung HSR, analysts find little to celebrate, pointing out that keeping the new service running and generating revenue were the greater challenges to start offsetting the project's massive cost overrun.
2 years agoLocal logistics businesses are planning to challenge the Trade Ministry’s newly issued regulation on e-commerce, which will restrict the sale of cheap imported and cross-border items through the platform.
2 years agoThe ADB's "energy transition mechanism" (ETM) makes use of private and public capital to refinance investments in coal-fired power, allowing power purchase agreements to be shortened and plants to be shut as much as a decade earlier than planned.
2 years agoThe House is deliberating a new bill that has been decades in the making to replace the oil and gas regulatory body SKK Migas with a dual function regulatory and business entity called BUK Migas.
2 years agoCalls had grown in recent months for a regulation governing social media and e-commerce, with offline sellers seeing their livelihoods threatened by the sale of cheaper products on TikTok Shop and other platforms.
2 years agoArsjad Rasjid, 53, has temporarily stepped down as chairman of the Indonesian Chamber of Commerce and Industry (Kadin) following his decision to accept his appointment as manager of presumptive nominee Ganjar Pranowo’s presidential campaign.
2 years agoThe Just Energy Transition Partnership (JETP) for Indonesia was unveiled last November, as the country hosted the G20 summit in Bali.
2 years agoHead of Bapanas Arief Prasetyo Adi announced the plan on Tuesday, saying it was based on a direct instruction from President Joko "Jokowi" Widodo.
2 years agoAmazon is a monopoly and misuses its powers, according to the FTC, which quotes a seller as saying: "We have nowhere else to go and Amazon knows it."
2 years agoCoal-fired power plants will not be mandated to participate in the newly launched carbon exchange, which the government has formed as a way for the country to expedite emission cuts, despite the energy sector being one of the country’s major emissions sources.
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