The government is in danger of selling more subsidized motor fuel than it intends this year, as a delay in purchase restrictions allows unfettered access to cheaper fuel brands to continue.

The government is exploring opportunities for narrowly focused trade and investment in lithium, an important mineral for the production of electric vehicles.

Media firms are pushing for a rule to give more responsibility to tech platforms to help safeguard the quality and well-being of the industry.

Several changes, from the establishment of OJK and LPS-like bodies to criminal sanctions would be added to the revised cooperative law. 

The world's top two largest palm oil producers plan to send a joint mission to state their case against the EU's latest policy blocking sales of the commodity.

Confronted by competition from Washington's vast green tech investment plan, European leaders are scrambling to loosen their own subsidy rules and redeploy an array of investment funds.

The Trade Ministry plans to change the rules on e-commerce in a move aimed at protecting local manufacturers of consumer goods against competition from abroad.

The investment minister has expressed frustration about his country being dealt lower carbon credit values than Western counterparts and about international disapproval of Indonesia’s downstream industry strategy.

The senior minister has said all that remains is to finalize a nondisclosure agreement with the US electric carmaker.

The government expects EVs to account for 5 percent of domestic vehicle sales this year, determined not to fall behind Thailand in the race to become an EV export hub.

The government plans to bring foreign filmmakers to shoot Indonesia scenes in Indonesia with a variety of incentives and regulatory reform to speed up permits. 

Mining sector has been responsible for widespread damage to nature and biodiversity worldwide, yet, the sector is seen as crucial to a global green transition.

Several investment projects have reportedly been put on hold following setbacks in the implementing regulations of the controversial Job Creation Law, which has led to uncertainty among investors wanting to do business in Indonesia.

The government’s recent move to prevent renewable energy firms from selling electricity directly to end consumers is facing criticism from independent power producers (IPPs), who say the policy will deter investment in clean energy and keep the country’s emissions goals out of reach.

Investment Minister Bahlil Lahadalia said on Tuesday that the ministry would “never” offer preferential treatment to any foreign firm if no law or regulation compelled it to do so.  

A plan to ban the export of copper concentrate starting June has sparked concern among businesses over the readiness of domestic industries to absorb the product.

Indonesia’s private sector has set out to make Southeast Asia the center of gravity in a world struggling for economic and political direction.

The Nusantara Capital City (IKN) Authority was caught off-guard by huge investment interest in the project as multiple sectors swarmed for inquiries.

Bureaucratic hurdles, in particular the lack of regional regulations, still remained the greatest obstacle to investment projects despite the sweeping reforms made through the Job Creation Law, the government told regional leaders at Tuesday’s Rakornas.

The domestic banking industry is still reluctant to jump on the ESG financing bandwagon, citing challenges across the board in adopting the global principles, despite the OJK publishing a sustainability plan as far back as seven years ago.

Zero-percent coal royalty may not suffice to answer Indonesia coal downstream ambitions with said there were many unnoticed challenges that the government may need to take into account. 

Commodities Minister Fadillah Yusof said Malaysia and Indonesia would discuss the law, which bans sale of palm oil and other commodities linked to deforestation unless importers can show that production of their specific goods has not damaged forests.

The Labor Party said the formula for minimum wage in the regulation did not follow international standards as the government included “certain indexes” variables that were not stated in the International Labour Organization (ILO).

Manpower Minister Ida Fauziyah said the government regulation in lieu of law (Perppu) on job creation would increase employment and maintain business sustainability. 

Businesses have expressed their disagreement with the new outsourcing policy stipulated in the recently issued government regulation in lieu of law (Perppu) on job creation.

Now that the product’s retail price will follow the contours of global oil prices, Pertamina is expected to sell Pertamax at rates closer to other brands. 

Both laborers and businesses have expressed their concerns over government regulation in lieu of law (Perppu) on job creation, with the issue of minimum wage remaining contested.  

Indonesia will tighten export rules for palm oil from Jan. 1 by allowing less shipments overseas for every tonne sold domestically, to ensure sufficient and affordable cooking oil supply at home.

The issuance of a government regulation in lieu of law (Perppu) on job creation will convey positive impacts on economic activities this year, experts say, as it can act as a catalyst to improve Indonesian business climate which eventually leads to a healthier investment growth.

The government issued a new rule concerning provisions of origin of goods and provisions for issuing documents of origin for goods exported from Indonesia, as a follow-up to the recently ratified Regional Comprehensive Economic Partnership (RCEP) agreement.