In the deliberation of the financial sector bill, the government has proposed changes that would ban political party figures from sitting on boards of the central bank and other watchdogs after the draft initiated by lawmakers had raised concerns about the bodies’ independence.

Earlier on Thursday representatives of the EU's 27 governments met in Brussels to discuss a G7 proposal to set the price cap in the range of $65-$70 per barrel, but the level proved too low for some and too high for others.

The government issues new rules for determining minimum wages as labor and business fail to find common ground.

A new bill currently being deliberated looks set to legalize bullion bank services in the country, but experts warn such a step may carry risks for the country’s financial system and are urging the authorities to set up measures to contain the risks.

The government has admitted that the World Trade Organization ruling on its nickel export ban was in favor of the European Union but vows to appeal in a process that could buy the country years of time to build up domestic processing industries.

President Joko “Jokowi” Widodo has called on his ministers to be prudent in policymaking as the country prepares to enter 2023.

Indonesia and Chile have added a services trade protocol to their bilateral trade agreement as the two emerging economies brace for a potential global recession.

The Asian Development Bank has approved a US$500 million loan to support Indonesian government efforts aimed at improving the efficiency, resilience and corporate governance of state-owned enterprises (SOEs).

Leaders of the Group of 20 (G2) major economies said on Wednesday their central banks will continue to calibrate the pace of monetary policy tightening, while being mindful of the need to limit "cross-country spillovers."

Central banks from five ASEAN member states have inked a memorandum of understanding (MoU) on regional cross-border payments between countries, in a move that will bring multiplier effects to people and businesses within the region.

The United States is pressing China and other G20 members to do more on debt relief for the world's poorest countries, a senior US official said Tuesday.

Indonesia, the Asian Development Bank and a private power firm are teaming up to refinance and retire early the first coal-fired power plant under a groundbreaking new carbon emissions reduction project that moves from concept to reality on Monday.

Indonesia’s business community and the government have issued calls for peace amid a lack of global cooperation due to geopolitical conflict.

More than 1,000 shipments of solar energy components worth hundreds of millions of dollars have piled up at US ports since June under a new law banning imports from China's Xinjiang region over concerns about slave labor, according to federal customs officials and industry sources.

Taiwan hopes to sign a trade deal with Britain and deepen cooperation with new Prime Minister Rishi Sunak's government, President Tsai Ing-wen told a British minister visiting Taipei on Wednesday in defiance of Chinese demands such trips stop.

Jokowi said that if Indonesia lost the EU case at the World Trade Organization, the government would keep appealing even if it took the next five to 10 years.

The government has just added two commodities to the list of staple food commodities and assigned additional roles to the State Logistics Agency (Bulog) to help stabilize domestic supplies, but experts warn that challenges in dealing with the food-reserves supply chain would remain.

The government plans to raise the cigarette excise by an average 10 percent annually over the next few years, continuing its longstanding effort to bring down tobacco use despite the recent acceleration of inflation.

Years behind schedule, the high-speed railway link to connect Jakarta with Bandung is set for a trial this month in preparation for commercial operations planned to commence in June of next year. However, experts have not ruled out further delays.

The Indonesia Stock Exchange (IDX) is set to work with MetaVerse Green Exchange (MVGX) to prepare for its first carbon credit trading platform in a bid to incentivize domestic high-emitting industries to reduce their emissions.

The Energy and Mineral Resources Ministry on Oct. 11 finally passed Energy Ministerial Decree No. 245/2022, which revised Energy Ministerial Decree No. 62/2022 on the price formula to calculate the retail price of gasoline and diesel distributed in gas stations.

Finance Minister Sri Mulyani said Indonesia would welcome cheaper crude to alleviate pressure on its state budget – if the G7's proposed price cap on Russian oil was passed and if it worked.

The Investment Ministry is mulling over plans to restrict shipments of tin ingots in an effort to attract investment in processing it at home, but experts question whether an export ban could actually have a positive impact on the downstreaming of metal products

The Indonesian government has announced incentives including tax holidays and a tax deduction to increase the attractiveness of its megaproject for a brand-new city to be built in Kalimantan.   

The plan is to promote the sale of higher value foodstuffs, building on the strong ties Brazil and Islamic nations have built over the years to trade in unprocessed agricultural products.

Hydroelectric power was once slated to spearhead Indonesia’s transition to renewable energy, but despite the abundant potential, industry players are reluctant to invest because of what analysts see as excessive bureaucratic hurdles.

The dollar has strengthened in recent months as Bank Indonesia has been raising its benchmark interest rate at a slower pace than the United States Federal Reserve.

A new omnibus bill is poised to pave a way for politicians and lawmakers to tighten their grip on authorities in the financial industry, raising concerns among experts and professionals that it may undermine governance of the sector.

A world-first block-to-block air transportation agreement between the ASEAN and the European Union promises passengers an increased number of flights and more destinations for travel between the two regions.

At their final meeting under Indonesia’s chairmanship this year, finance ministers and central bankers of the Group of Twenty (G20) members agreed to support countries in debt distress.