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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.
8 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 agoRare 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 agoGreenpeace 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 agoThe 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 agoIndonesia 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 agoJapan 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 agoExperts 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 agoExperts say such a move would be a major step back in the country's journey toward lower carbon emissions.
2 years agoThe import tariff exclusions include industrial components such as pumps and electric motors, some car parts and chemicals, bicycles and vacuum cleaners.
2 years agoPLN 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 agoThough 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 agoPertamina 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 agoThe government has allayed concerns about domestic food security amid declining crops in Asia and commodity export restrictions imposed by several countries.
2 years agoThe 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 agoState-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 agoLeaders 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 agoRussian 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 agoPertamina 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 agoThe 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 agoThe 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 agoIndonesia 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 agoASEAN 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 agoState-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 agoThe 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 agoEvery 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 agoAn eagerly awaited road map meant to guide ASEAN’s efforts to integrate power grids across the region has been pushed back.
2 years ago"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 agoThe 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 agoASEAN 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 agoThe 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 agoThe 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.
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