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National strategic project: Chimneys stand tall at the newly constructed gas processing plants operated by Chandra Asri in the industrial city of Cilegon in Banten, West Java. The plants produce methyl tert-butyl ether (MTBE) and butene1.

Regulations premium

Kadin moves to address extortion issues by regional branch in Cilegon

A video circulating on social media over the weekend shows a tense exchange between individuals claiming to represent Kadin’s Cilegon branch and Chengda Engineering Co, a contractor for the CA-EDC project by petrochemical giant PT Chandra Asri Pacific.

3 hours ago

Regulations premium

Outsourcing ban won’t fix job market, employers say

Indonesia’s Job Creation Law, once touted as a fix-all to make employment more flexible and attract investment, is now drawing flak for increasing job market uncertainty, with both business and labor leaders pointing to the President’s demand to end outsourcing as a sign the system is cracking. ...

1 day ago

Regulations premium

Govt considers restricting cassava, tapioca imports

The government is mulling over a plan to restrict cassava and tapioca imports as local farmers bemoan unsold domestic produce. ...

1 day ago

The Latest

President Joko "Jokowi" Widodo delivers a speech virtually at the COVID-19 Global Summit in Washington, DC, on May 12.

Regulations premium

Indonesia to lift cooking oil export ban

The President did not say whether the policy change would apply to crude palm oil (CPO) or other derivatives thereof.

2 years ago

Finance Minister Sri Mulyani Indrawati (right) leaves the room after the closing of the G20 finance ministers and central bank governors meeting in Jakarta on Feb. 18.

Regulations premium

Govt aims to up subsidy, hike power rates as global energy prices surge

Finance Minister Sri Mulyani Indrawati has proposed a nearly Rp 291 trillion (US$19.83 billion) increase in subsidies and compensation as the government seeks to keep fuel and electricity affordable despite a global energy price surge.

2 years ago

Workers transfer harvested palm fruit bunches to a truck before being processed into crude palm oil (CPO) at an oil palm plantation in Pekanbaru, Riau, on April 23, 2022.

Regulations premium

Palm oil farmers plan second street protest over export ban

The Indonesian Oil Palm Farmers Association say the palm oil export ban has led to a drop in prices for fresh fruit bunches.

2 years ago

Lin Che Wei detained by the Attorney General’s Office after being named a suspect in a graft case related to palm oil export permits on Tuesday.

Regulations premium

AGO names fifth suspect in palm oil graft case

Economist Lin Che Wei allegedly helped several companies get palm oil export permits, even though they had not met the requirements for those permits.

2 years ago

Indonesia’s Finance Minister Sri Mulyani addresses the second G20 Finance Ministers and Central Bank Governors (FMCBG) meeting on April 20, 2022 in Washington, D.C. Indonesia is gearing up to host the third FMCBG in Bali in July.

Regulations premium

Sri Mulyani talks health, tax and energy goals for July G20 meeting

Indonesia is gearing up to host the third G20 finance chiefs' meeting in July in Bali, with choice agenda items including a global corporate tax scheme and health financing.

2 years ago

Finance Minister Sri Mulyani Indrawati leaves the venue after the closing of the Group of 20 finance ministers and central bank governors meeting in Jakarta on Feb. 18, 2022.

Regulations premium

Govt will raise subsidy to shield people from inflation: Sri Mulyani

Finance Minister Sri Mulyani Indrawati is ready to increase budget spending to protect consumers – and economic recovery – amid surging inflation.

2 years ago

An Agriculture Ministry delegation visits a cattle barn in an area where foot-and-mouth disease has broken out in Gresik regency of East Java on May 10, 2022.

Regulations premium

Farmers fear for meat production as foot-and-mouth disease spreads

Foot-and-mouth disease has infected thousands of cattle in several provinces of Indonesia and could increase demand for imported beef.

2 years ago

Workers transfer crude palm oil to tanker trucks at the Tanjung Emas seaport in Semarang, Central Java, on April 7, 2022, for distribution to cooking oil packaging factories.

Indonesia seizes cooking oil shipment bound for Timor Leste

At least eight shipping containers holding cooking oil and other items were confiscated at Tanjung Perak port on April 28 in Surabaya in East Java after "the ship deceived (authorities) by not listing cooking oil in the export declaration document," the trade ministry said in a statement late on Thursday.

3 years ago

Employees walk through the lobby of Bank Indonesia (BI), located on Jl. Thamrin in Central Jakarta, on Feb. 26, 2020.

Regulations premium

BI vows to keep inflation under control after fast rise in April

Bank Indonesia has vowed to keep inflation within its target range, even as prices continue to rise at a faster pace than usual.

3 years ago

People queue to purchase subsidized cooking oil provided by local authorities in Surabaya on Feb. 18, 2022, in an effort to stabilize prices due to shortages.

Regulations premium

Cooking oil price still far above target needed to lift export ban

As the vital ingredient in Indonesian cuisine remains more expensive than the government wants, a quick resumption of crude palm oil (CPO) shipments is not in sight.

3 years ago

Richard Qiangdong Liu, founder, chairman and CEO of JD.com speaks to employees as JD.com has its initial public offering (IPO) on the Nasdaq exchange on May 22, 2014, in New York City, US.

Over 80 firms including China's JD.com added to US SEC list facing delisting risk

Other companies include Pinduoduo Inc, Bilibili Inc and NetEase Inc.

3 years ago

Who's buying?: A ticket broker finds no-one to sell tickets to.

Regulations premium

Holiday bonuses are here, but so is inflation

As of Tuesday, the Manpower Ministry has received 4,058 reports from people claiming they had not received the holiday bonuses they were entitled to.

3 years ago

A palm oil plantation in Siak regency, Riau, is pictured on April 26, 2022.

How Indonesia's policy stumbles over palm oil have unfolded

Months of rapid-fire government policies, including twice halting exports of palm oil, have at times both stunned and confounded global edible oil markets.

3 years ago

Workers transfer crude palm oil to tanker trucks at the Tanjung Emas seaport in Semarang, Central Java, on April 7, 2022, for distribution to cooking oil packaging factories.

Regulations premium

Palm oil export ban could cost state $1.4b a month

The government-imposed ban on exports of crude and refined palm oil is expected to cause significant revenue loss for Indonesia.

3 years ago

Workers harvest oil palm fruit at PT Kimia Tirta Utama’s oil palm plantation in Siak regency, Riau, in this undated photo.

Crude palm oil excluded from Indonesia export ban

The ban included refined, bleached and deodorized (RBD) palm olein.

3 years ago

Bank Indonesia Governor Perry Warjiyo (left) and Bank of International Settlement general manager Agustin Cartens (right) prepare to open the G20 Techsprint 2022 event on April 25.

Regulations premium

BI head calls for global principles on CBDCs

Bank Indonesia Governor Perry Warjiyo said central bank digital currencies (CBDCs) were a potential alternative to cryptocurrencies, but he highlighted several principles to be considered before central banks take the plunge.

3 years ago

A shelf stands almost empty of packaged cooking oil on Jan. 27, 2022 at a supermarket in Bekasi, West Java.

Regulations premium

Indonesia to ban exports of cooking oil, ingredients

The government has announced a ban on the export of cooking oil and cooking oil ingredients starting April 28 to ensure adequate supplies of the staple product at home.

3 years ago

President Joko 'Jokowi' Widodo (second right in white) visits a Hyundai factory that produces the electric car “Ionic 5” in Bekasi, West Java on on March 16.

Regulations premium

Bappenas to focus on raising productivity in 2023

The policy is hoped to put Indonesia back on track with its 2045 development goals.

3 years ago

Indonesia’s Finance Minister Sri Mulyani addresses the second G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Washington, US, on April 20, 2022. She reminds G20 countries about the critical role of multilateralism to mitigate economic risks caused by Ukraine war.

Regulations premium

Indonesia stresses need for cooperation in global economic recovery

Finance Minister Sri Mulyani Indrawati is putting on a brave face in her Group of 20 (G20) leadership role amid geopolitical tensions, stressing that more multilateralism and cooperation are needed to safeguard the global economic recovery.

3 years ago

The PHAROS internet surveillance platform is displayed on a screen during the 10th International Cybersecurity Forum in Lille on Jan. 23, 2018.

EU nears deal on massive tech services regulation

The European Union could agree on Friday a new regulation imposing unprecedented curbs on online content, the second part of its massive project to regulate tech companies.

3 years ago

A soldier tries out an SS2 subsonic 5.66 assault rifle made by state-owned PT Pindad at the Defense Ministry building in Jakarta on June 9, 2016. Pindad has been acquired by state-owned PT LEN to form a new defense holding company.

Regulations premium

Govt debuts state-owned defense holding firm

Defense Minister Prabowo Subianto expects the company to be the 50th-biggest defense firm in the world by 2024.

3 years ago

This handout photo made available by Greenpeace shows one of the NGO’s activists holding an antiwar placard in front of the supertanker Pertamina Prime off the coast of Denmark on March 31, 2022.

Regulations premium

Pricy oil may cost Indonesia Rp 190t more in subsidy spending

The government may need to spend Rp 190 trillion (US$13.23 billion) more than planned to cover swelling subsidies as surging international oil prices drive up the cost of fuel imports.

3 years ago

Garuda Maintenance Facility (GMF) AeroAsia workers clean a Garuda Indonesia Boeing 737-800 NG plane at Soekarno-Hatta International Airport near Jakarta on Jan. 21.

Regulations premium

Govt allows higher airfares in response to fuel price hike

The Transportation Ministry has allowed airlines to hike ticket fares to cover higher aviation fuel costs following a surge in global oil prices.

3 years ago

The Bank Indonesia (BI) headquarters in Jakarta on May 8, 2014.

Regulations premium

Bank Indonesia holds rate, lowers GDP growth forecast

The Ukraine war and surging prices are seen to be limiting Indonesian exports and spending.

3 years ago

Communications and Information Minister Johnny G. Plate during a meeting with the House of Representatives in Jakarta on Oct. 16, 2021.

Regulations premium

Press Council goes ahead with rule for Big Tech to pay for news

The council handed an academic paper on regulating publisher's rights to the information ministry, which is expected to draft a regulation.

3 years ago

Motorcycles line up for Pertamax fuel oil in this undated photograph.

Regulations premium

Energy Minister signals more price hikes for fuel, electricity

The price adjustments are part of the government's strategy to reduce fiscal pressures as global commodity prices surge.

3 years ago

A worker in protective clothing works at a ferronickel smelter owned by PT Aneka Tambang (Antam) in Pomalaa, Central Sulawesi, in May 2019.

Regulations premium

Indonesia maps rare earth reserves for industry goals

Rare earth elements are used in a long list of products including high-tech electronics, EV batteries and wind turbines.

3 years ago

A general view of the Ardennes Ferrero factory in Arlon, Belgium, on April 8.
Italian confectionery group Ferrero said on April 6 it was extending a recall of its Kinder chocolate eggs in the United Kingdom and Ireland over possible links to salmonella cases, just 10 days before Easter.

Regulations premium

BPOM orders suspension of Kinder chocolate sales

The Food and Drug Monitoring Agency (BPOM) gave the order after British health authorities identified a link between the product and dozens of salmonella poisoning cases.

3 years ago

Japan's Prime Minister Fumio Kishida takes part in a press conference to update the country about the Covid-19 coronavirus pandemic and certain border restrictions, in Tokyo on February 17, 2022.

Japan ends Russian coal imports, expels diplomats

The move comes as Ukraine's allies step up pressure on Moscow after allegations that Russian troops killed civilians in areas around Kyiv.

3 years ago

House Commission XI chairman Kahar Muzakir (middle), House Commission XI deputy chairman Amir Uskara (left) and Dolfie O.F.C (right) after reading the lawmakers decision on new commissioners of the Financial Services Authority (OJK) supervisory body on April 8.

Regulations premium

House selects new OJK leadership

Seasoned technocrat Mahendra Siregar was chosen as OJK chair.

3 years ago

Page: 43

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