The United States could run out of money to pay its financial obligations -- risking a catastrophic default -- as early as the start of June, Treasury Secretary Janet Yellen said Monday, as policymakers tussle over raising the debt ceiling.

New EU rules could complicate imports of vital Indonesian commodities to Europe, and a palm oil industry representative says that could be a problem, especially where smallholder producers are involved.

The Online Streaming Act creates a legal framework to regulate digital platforms and oblige them to contribute financially to the "creation, production and distribution" of Canadian content such as music and TV shows as well as its promotion.

Indonesia will allow Freeport Indonesia and Amman Mineral Nusa Tenggara to continue exporting copper concentrate until next year despite a ban starting June. 

The International Monetary Fund called on the European Central Bank on Friday to keep raising interest rates until the middle of 2024 and on EU finance ministers to tighten fiscal policy, in concerted action to bring down high inflation.

The Bank of Japan announced a review of its longstanding monetary easing measures on Friday, but said it would maintain them for the time being in the first policy decision under new governor Kazuo Ueda.

Experts and industry representatives have described a new customs duty on the import of intangible goods as a hindrance to digital adoption, arguing that the extra layer of bureaucracy creates unnecessary administrative hassle and, ultimately, increases costs.

CPO producers will only be allowed to export four times as much as they sell in the domestic market, rather than six times as much.

Indef executive director Tauhid Ahmad said the sudden extension of a temporary ban on heavy vehicle usage reflected poor planning in traffic policies for the peak travel season.

Chilean President Gabriel Boric announced plans last Thursday to create a new state-owned company to control its lithium industry. The country has the world's largest reserves of the metal and accounts for 30% of global output.

In a ranking of 82 countries, Indonesia has dropped to 58th spot as a place to conduct business, scoring poorly in the assessments of political effectiveness and infrastructure, which suggests that structural reforms pushed by the government have had little effect so far in improving the business environment.

Representatives of gas-intensive industries have urged the government to ensure sustainable supplies of below-market gas prices for manufacturers.

The law will require companies that sell goods into the European Union to produce a due diligence statement and "verifiable" information proving their goods were not grown on land deforested after 2020, or risk hefty fines.

Bank Indonesia has kept its key interest rates unchanged for the third month in a row as the central bank deems its stance adequate to meet inflation targets and sees consumer price index (CPI) growth on a downward trajectory.

At Rp 128.5 trillion (US$8.65 billion), or 0.61 percent of GDP, the state budget surplus in the first quarter was up tenfold year-on-year.

Two of the country's major tourist associations have expressed caution over a minister’s idea to impose a tax on foreign tourists, which came up after a spate of viral incidents involving foreign nationals behaving badly in Bali.

The State-Owned Enterprises (SOEs) Ministry says it plans to request an additional Rp 25 trillion (US$1.68 billion) from state coffers this year to aid several state-run construction firms, many of which are burdened by debt.

The Alliance of Independent Journalists (AJI) recommended on Tuesday that the proper take-home pay for journalists in Jakarta was Rp 8.2 million (US$555) per month. 

Indonesia does not have a free trade agreement with the United States, but its nickel products have increasingly become important in the supply chain.

The government has doubts about Malaysia’s suggestion to create an Asian Monetary Fund as a way to help countries in the region reduce their reliance on US dollars.

After months of debate, the government has decided not to let PT KCI import used rolling stock from Japan.

The government is considering to allow PT Freeport Indonesia to continue shipping copper concentrate out of the country despite an export ban meant to kick in after June.

Even without coverage for batteries, customers may need to pay more in insurance premiums for electric vehicle protection, due to the limited availability of spare parts.

China has urged the World Trade Organization to scrutinise US-led technology export restrictions aimed at curbing its ability to make advanced chips, state television said on Wednesday.

Official figures show that fewer individual taxpayers have submitted their tax returns by the March 31 deadline this year.

The European Union’s Carbon Border Adjustment Mechanism (CBAM), some say, could push the ASEAN region toward cleaner energy by eliminating carbon emissions in goods sent to Europe.

Potential investors have yet to take advantage of a wide range of incentives the government is offering to firms willing to help build the new capital city in Kalimantan.

The new technology is a double-edged sword that could help telecommunication service providers cut costs but may hamper customer retention.

Declaring financing to phase out coal-fired power plants as sustainable is a move long awaited by Indonesia and other countries that seek to speed up the energy transition.

Hotels and restaurants are up in arms over the recently imposed ban on iftar gatherings for government workers, arguing that the sunset events are one of the sure-fire sources of income during the fasting month, when the industry normally struggles with low occupancy levels.