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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.

1 day 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. ...

2 days 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. ...

2 days ago

The Latest

A cyclist working for a delivery company rides on an empty road downtown Rotterdam on December 19, 2021, on the first day of The Netherlands' "lockdown" to contain the spread of the Omicron variant of COVID-19.

Omicron's global spread prompts renewed lockdowns, delayed reopenings

Countries in Asia-Pacific and Europe have imposed fresh curbs to contain the more transmissible variant of COVID-19.

3 years ago

Stock illustration of cryptocurrency bitcoin

Regulations premium

Crypto exchanges seek new horizons in NFTs, lending

Local cryptocurrency exchanges are looking to expand their services to offering nonfungible tokens (NFT) and crypto lending after crypto assets gained traction in 2020.

3 years ago

Workers stage a rally in front of the House of Representatives in Senayan, Jakarta, on Aug. 25 to express their opposition to the Job Creation Law and to call on the government to do more to prevent mass layoffs during the COVID-19 pandemic. JP/Seto Wardhana

Regulations premium

Workers, employers escalate threats after Jakarta wage hike

Tensions between businesses and workers are high two days after Jakarta Governor Anies Baswedan announced a higher regional minimum wage than previously set, with neither side looking keen to yield.

3 years ago

Visitors are seen inside 'The Glass House' at the Quranic Park in Dubai, United Arab Emirates (UAE), on April 6, 2019.

Global banks in UAE to switch to Monday-Friday work week

The switch comes as the UAE, a country warming up to Indonesia, seeks to better align with global markets.

3 years ago

United States (US) President Joe Biden gestures as he meets with Chinese President Xi Jinping during a virtual summit from the White House in Washington, US, on Nov. 15.

Biden's electric vehicle push hits setback in US Senate

Senator Joe Manchin, a Democrat of West Virginia, opposes a $4,500 tax credit for union-made vehicles.

3 years ago

Lawmakers attend a physical plenary meeting at the House of Representatives building in Senayan, Central Jakarta, on Sept. 15 last year. The House recently passed a law on the regional fiscal management.

Regulations premium

Explainer: Key takeaways on regional fiscal management law

The law has sparked debate over regional autonomy.

3 years ago

Serving the public: A woman walks past the Papua office of the Financial Services Authority (OJK) in Jayapura on Oct. 27. The OJK has opened branch offices across the country to speed up its services to the public.

Regulations premium

OJK suspends issuance of permits for investment firms

The Financial Services Authority (OJK) has imposed a moratorium on the establishment of investment management companies pending an assessment of the market.

3 years ago

A massive column of hot ash erupts from Mount Semeru on Dec. 4, 2021 as viewed from Lumajang, East Java, in this handout photo from the National Disaster Mitigation Agency (BNPB).

Regulations premium

Govt to inject $210m into 2022 disaster pooled fund

The $209.7 million injection for the disaster pooled fund (PFB) is to be sourced from the 2022 state capital injection budget totaling Rp 182.32 trillion, and is intended for speedier disbursement of emergency funds for disaster relief and recovery.

3 years ago

Trade Minister M. Lutfi (left) hands over a document to House of Representatives Speaker Puan Maharani on April 9, 2021 at the Senayan legislative compound in Jakarta, after lawmakers approved a draft trade bill.

Regulations premium

Govt urges lawmakers to ratify backlogged trade deals

The Trade Ministry has demanded that the legislature immediately pass three international trade deals so they can be enacted to leverage the country’s economic recovery.

3 years ago

A tobacco seller in Parakan, Central Java, smokes a "kretek" (unfiltered) cigarette in his warehouse.

Regulations premium

Cigarette excise hike set for 2022

The hike is expected to raise state revenue and reduce smoking, especially among children.

3 years ago

Bank Indonesia governor Perry Warjiyo (left) and Finance Minister Sri Mulyani Indrawati (right) give a statement on the start of Indonesia's G20 presidency in Bali on Thursday.

Regulations premium

Indonesia rallies G20 to tackle tough tax issues

The topics include the taxation of multinational companies, a global minimum corporate tax, gender-conscious taxation and environmental taxation.

3 years ago

Then-Inalum president director Budi Gunadi Sadikin speaks to the press at his office in South Jakarta on July 17, 2018.

Regulations premium

Health Minister Budi seeks to curb outbound medical tourism

Indonesians spend hundreds of millions of US dollars a year in medical treatment abroad, according to a 2009 estimate. The country wants to bring that spending home.

3 years ago

A sign of the World Health Organization is photographed in the late hours of Aug. 17, 2020, at the organization’s headquarters in Geneva, Switzerland.

Regulations premium

WHO urges Indonesia-led G20 to tackle pandemic funding gap

The World Health Organization has asked the Group of Twenty (G20) forum currently chaired by Indonesia to address a shortage of funds for the COVID-19 response.

3 years ago

Visitors tour Sikidang crater at Dieng Plateau in Banjarnegara, Central Java, on Nov. 27, 2021. In collaboration with private
company PT Geo Dipa Energi, the local administration is developing the area into an educational geothermal tourist destination.

Regulations premium

Low tariffs still hinder geothermal power growth in Indonesia

The recent launch of a state-funded well drilling program helps address the issue of high upstream investment costs, but the low tariffs remain a disincentive.

3 years ago

Regulations premium

Indonesia now allows multi-vote shares to spur tech IPOs

The Financial Services Authority (OJK) now allows multiple voting shares (MVS), but that alone is not sufficient to get more start-ups to list in Indonesia, experts say.

3 years ago

Finance Minister Sri Mulyani Indrawati explains the Harmonized Tax Law (HPP) to the public and business associations in Nusa Dua, Bali, on Nov. 19.

Regulations premium

House passes law on regional fiscal management

The House of Representatives approved a bill on Tuesday to overhaul regional budget management, which it has deemed inefficient in both spending and revenue collection.

3 years ago

Bank Indonesia (BI) and the Indonesian Ulema Council (MUI) have cautioned against using cryptocurrencies as a form of payment, while the Trade Ministry plans to develop a local exchange for the digital assets.

Regulations premium

Indonesia tightens grip on crypto as assets catch on

Bank Indonesia (BI) and the Indonesian Ulema Council (MUI) have cautioned against using cryptocurrencies as a form of payment, while the Trade Ministry plans to develop a local exchange for the digital assets.

3 years ago

Indonesian labor unions march toward the Presidential Palace during a strike to protest against the government's proposed labor reforms in Jakarta on Oct. 8, 2020.

Regulations premium

Workers plan five-day strike nationwide over wages

Massive industrial action in Jakarta planned on Wednesday, unions say.

3 years ago

Illustration of an electronic duty stamp (e-materai).The Finance Ministry released e-materai on Oct.1

Regulations premium

Peruri gets with the times as it rolls out electronic duty stamps

The government wants more people and businesses to use electric duty stamps (e-meterai) as the use of digital documents rises amid the pandemic.

3 years ago

A Chinese bank employee counts 100-yuan notes and US dollar bills at a bank counter in Nantong in China's eastern Jiangsu province on August 6, 2019.

US closely monitoring China, Switzerland currency policies

While no country was accused of manipulating its currency to gain a competitive advantage, 12, including China, were put on Washington's monitoring list.

3 years ago

A man pedals a bike past a housing complex built by Chinese property developer Evergrande in Beijing on October 25, 2021.

China's Guangdong summons Evergrande boss after debt repayment warning

Evergrande, once China's top-selling developer, is grappling with more than $300 billion in liabilities, fueling fears of a potential collapse that could send shockwaves through the country's property sector and beyond.

3 years ago

China unveils new rules on ride-hailing drivers' rights

They should also not be "induced to work overtime" by chalking up orders to meet targets, the statement said, but it did not give specifics on what counted as overtime or adequate break times.

3 years ago

A migrant worker shows the MyMA app in his dormitory, amid the coronavirus disease (COVID-19) outbreak in Singapore May 15, 2020. The app caters to the needs of migrant workers and domestic helpers in Singapore. It provides news updates, electronic remittance, monitoring of daily temperatures and streaming of movies in Hindi and Bengali.

Sri Lanka clamps down on remittances as it battles forex crisis

The pandemic has wreaked havoc on the island's economy, and the government has banned imports of food, vehicles and other items in an effort to shore up its stockpile of foreign currency.

3 years ago

A worker checks the new 200 euro bills during the printing procedure in the Bank of Italy’s high-security factory in Rome, Italy.

EU fines major banks 344m euros over forex cartel

These fines brought to an end the third part of an investigation that has been ongoing since 2013 and which had already resulted in more than one billion euros in fines in 2019.

3 years ago

State-Owned Enterprises Minister Erick Thohir (facing camera, front left), Deputy Minister Kartika “Tiko” Wirjoatmodjo (center) and ministry spokesman Arya Sinulingga attend a meeting with lawmakers at the House of Representatives complex in Jakarta in December 2019.

Regulations premium

Govt to privatize SOEs with less than Rp50b revenue

State-Owned Enterprises (SOE) Minister Erick Thohir said many SOEs did not run their business in an optimal way.

3 years ago

The Apple Air Tag during a special event at Apple Park in Cupertino, California.

Regulations premium

Italy hits Amazon, Apple, Google with antitrust fine

The aim had been to restrict the number of retailers and limit cross-border sales.

3 years ago

American Airlines flight 718, the first US Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, lands at LaGuardia airport in New York, U.S. Dec.29, 2020

China gives long-awaited approval to Boeing 737 MAX after crashes

The move by the Civil Aviation Administration of China (CAAC) sets the stage for the jet to return to airline schedules in the country in 2022, following months of negotiations between Beijing and Boeing.

3 years ago

Workers stage a protest in front of the House of Representatives compound in Senayan, Central Jakarta, on Aug. 25, 2020.

Regulations premium

Labor, business tense up over minimum wages, court ruling

The aftermath of a recent Constitutional Court ruling has brought to the fore uneasy industrial relations in the country.

3 years ago

President Joko “Jokowi” Widodo (center), Defense Minister Prabowo Subianto (right) and Public Works and Housing Minister Basuki Hadimuljono (left) discuss the government's plan to build a road to connect the Balikpapan-Samarinda toll road with the planned new capital city in this undated photograph.

Regulations premium

EU firms want RE law before investing in Indonesia: EU ambassador

European companies are keen on investing in “smart and green” projects in Indonesia’s new capital but are waiting for fair rules, says the EU ambassador to Indonesia.

3 years ago

Vietnamese fishing vessels allegedly used for illegal fishing are sunk in waters near Datuk Island, West Kalimantan, in May 2019.

Regulations premium

Govt to offer investors fishing quotas worth $7.7B in 2022

By granting investors commercial fishing rights worth more than $7 billion annually starting next year, the country seeks to turn fisheries into a driver of the economy.

3 years ago

Page: 47

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