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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.

8 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. ...

1 day 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

Malaysia is latest in Asia to tighten grip on key minerals

Rare earths are a group of 17 elements used in products from lasers and military equipment to magnets found in electric vehicles, wind turbines, and consumer electronics, such as smartphones.

2 years ago
Regulations premium

PLN's ambitious renewables target lacks govt support

Greenpeace praises the utility firm for its ambition but expresses doubt over the implementation, while experts urge the government to disincentivize the coal industry and pour subsidies into renewable energy projects.

2 years ago
Regulations premium

Indonesia lifts partial ban on live cattle imports from Australia

The Agricultural Quarantine Agency says the government would not impose an immediate ban should lumpy skin disease (LSD) be detected again in animals shipped into the country.

2 years ago
Regulations premium

More support needed for banks, miners to boost nickel exploration

Indonesia should foster a friendly environment for mining firms so that nickel reserves can be tapped and the country can move away from importing the commodity, according to industry observers.

2 years ago
Regulations premium

Japan cautious about tech investment involving Chinese firms

Japan is cautious toward investing in the technology sector in relation to the presence of Chinese firms amid the United States policy to restrict China access to advanced chips and related technologies.

2 years ago
Regulations premium

New capital may not learn from Jakarta’s transportation mistakes

Experts have cast doubts on the prospects of public transportation in the new capital of Nusantara, pointing out that its development may still hinge on accommodating private vehicles, much like in Jakarta.

2 years ago
Regulations premium

Some coal power plants may be labeled ‘green’ in revised classification

Experts say such a move would be a major step back in the country's journey toward lower carbon emissions.

2 years ago
Regulations

US extends tariff exclusions on some Chinese categories till end of 2023

The import tariff exclusions include industrial components such as pumps and electric motors, some car parts and chemicals, bicycles and vacuum cleaners.

2 years ago
Regulations

PLN plans to add 32 GW renewable energy capacity

PLN plans to add 32 gigawatts of renewable energy capacity and invest in grids that would be able to connect to more renewable power sources, its chief executive said on Wednesday.

2 years ago
Regulations premium

ASEAN vows tighter collab on food, digital tech, but experts cast doubt

Though ASEAN member states have vowed better collaboration on issues from food security to geopolitical risks, experts say technical difficulties and a lack of political will often threw a wrench into such efforts.

2 years ago
Regulations premium

We can't jump from fossil fuels to renewables, Pertamina says

Pertamina CEO Nicke Widyawati also proposed widening the scope of the Just Energy Transition Partnership (JETP) to include decarbonization initiatives on the way to cleaner power supply.

2 years ago
Regulations premium

Domestic food supply safe despite declining rice output, govt says

The government has allayed concerns about domestic food security amid declining crops in Asia and commodity export restrictions imposed by several countries.

2 years ago
Regulations premium

RI high-speed railway will not be inaugurated until next month

The Transportation Ministry stated that it has not yet had a specific date for the high-speed railway's inauguration, but the earliest possible date is Oct. 1.  

2 years ago
Regulations premium

IESR urges PLN to include more renewables in new electricity procurement plan

State-owned electricity utility PLN should focus on boosting renewable energy projects in its revised electricity procurement plan (RUPTL) to seize funding opportunities from the landmark Just Energy Transition Partnership (JETP) deal.

2 years ago
Regulations premium

ASEAN leaders pledge to focus on food security, digital ties

Leaders of ASEAN countries have signed documents in which they promise to work together closely on food security and the digital economy for years to come.

2 years ago
Regulations

Putin tells Turkey's Erdogan: We're ready to discuss the grain deal

Russian President Vladimir Putin told Turkey's Tayyip Erdogan on Monday that Russia was open to discussions about the Black Sea grain deal, an agreement that helped get Ukraine's grain to market and thus ease a global food crisis.

2 years ago
Regulations premium

Pertamina’s proposed biofuel may risk food security, state budget: Critics

Pertamina is examining the possibility of mixing more of its gasoline products with ethanol, in a bid to produce fuel with lower emissions, but experts warn the benefits are unlikely to outweigh the risks and challenges.

2 years ago
Regulations

Indonesia offers 'golden visa' to entice foreign investors

The five-year visa requires individual investors to set up a company worth $2.5 million, while for the 10 years visa, a $5 million investment is required.

2 years ago
Regulations premium

Still no permit for high speed rail a week from Jokowi inaguration

The operator of the Jakarta-Bandung high-speed railway (HSR) said it has yet to acquire an operating permit from the government despite President Joko “Jokowi” Widodo's intention of inaugurating the flagship project in less than a week.

2 years ago
Regulations premium

RI open to ‘kratom’ opioid exports despite proposed local ban

Indonesia is keeping open the possibility of exporting opium-like plant Mitragyna speciose to the United States amid ongoing legal debate as to whether the plant should be classed as an illegal narcotic.

2 years ago
Regulations premium

ASEAN struggles to align policies on critical minerals

ASEAN needs to devise a coordinated strategy on critical minerals if the member states are serious about helping each other develop their respective downstream industries, experts say.  

2 years ago
Regulations premium

Pertamina to replace Pertalite with biofuel product next year

State-owned oil and gas giant Pertamina will replace its Pertalite RON 90 gasoline with "Pertamax Green 92", which contains a ethanol, in hopes of reducing air pollution.

2 years ago
Regulations

US curbs AI chip exports from Nvidia, AMD to some Middle East countries

The US expanded the restriction of exports of sophisticated Nvidia and Advanced Micro Devices artificial-intelligence chips beyond China to other regions including some countries in the Middle East.

2 years ago
Regulations premium

Govt expands electric motorbike subsidy to all citizens

Every national identity card (KTP) holder is now eligible to purchase one electric two-wheeler at a government-subsidized price, part of an effort to increase the country’s uptake of electric vehicles (EVs).

2 years ago
Regulations premium

ASEAN road map for regional power grid delayed

An eagerly awaited road map meant to guide ASEAN’s efforts to integrate power grids across the region has been pushed back.

2 years ago
Regulations

IMF managing director to meet leaders in China, go to Indonesia, India

"During Aug. 30 to Sept. 3 the Managing Director will be visiting China to engage in bilateral discussions with China's senior leadership team," they said. 

2 years ago
Regulations premium

Govt mulls switching fuel subsidy to Pertamax to curb pollution

The Energy and Mineral Resources Ministry said the government was reviewing whether it would subsidize Pertamax, state-owned oil firm Pertamina’s RON 92 gasoline, in its latest effort to curb pollution.

2 years ago
Regulations premium

RI protectionism may stand in way of ASEAN digital economy pact

ASEAN countries are seeking to promote the digital economy framework agreement (DEFA), which will allow the region to greatly increase its digital economy potential, but Indonesia's current protectionist policies may stand in the way of reaching that goal.

2 years ago
Regulations

Fed's Powell: Higher rates may be needed, will move 'carefully'

The Fed has raised rates by 5.25 percentage points since March 2022, and inflation by the Fed's preferred gauge has moved down to 3.3 percent from its peak of 7 percent last summer.

2 years ago
Regulations

Biden administration unveils new crypto tax reporting rules

The rule is part of a broader push by Congress and regulatory authorities to crack down on crypto users who may be failing to pay their taxes.

2 years ago
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