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View all search resultsEurope's central bankers are leaving an annual getaway with their United States counterparts far from reassured that long-standing norms in global cooperation remain intact and worried that more turmoil is ahead for an already testy relationship with Washington, sources familiar with the discussion said.
16 hours agoThe House of Representatives has confirmed Destry Damayanti for the Bank Indonesia (BI) governor position for a full five-year term. ...
3 days agoExperts argued that SOE banks still need to assess the commercial viability of the cooperatives and not just rely on the government backstop. ...
4 days agoIndonesia started banning social media for children under 16 in March, when the communications ministry named eight platforms that must comply with new rules.
3 months agoPresident Prabowo Subianto had mandated the government to extend the repayment period from 30 to 40 years to ease homebuyers’ installment burden.
3 months agoThe closure of steelmaker PT Krakatau Osaka Steel (KOS) has sparked fears that Indonesia’s steel industry crisis is deepening, undermining the government’s self-sufficiency push in the strategic sector.
3 months agoThe government believes that climbing commodity prices have created windfall profits for mining companies, requiring an adjustment to the state's revenue share.
3 months agoIndonesia has held two tax amnesties, in 2016 and 2022, the first of which was initiated on the fallout from the Panama Papers leak that revealed data on individuals holding assets offshore, many in tax haven countries.
3 months agoIn Barma Baru village, Meyado district, Teluk Bintuni regency, West Papua, change is evident. TK Negeri Barma Baru, a kindergarten that for years had to endure a cramped, plywood-partitioned space, now stands in a more suitable building with much more adequate facilities.
3 months agoThough the finance minister did not specify which countries would be exempted from the latest forex earnings rule, set to enter into force on June 1, this may apply to the US under the terms of the ART.
3 months agoState takeovers, interventions and investments in the private sector as part of a broader policy direction have met with mixed reception, with some cautioning that potential overreach could dampen investor sentiment and the business climate.
3 months agoAs the government looks to replace millions of subsidized 3‑kilogram LPG cylinders with compressed natural gas (CNG) to reduce costly imports, experts warn the switch would require billions of dollars in investment, and a tight safety regime.
3 months agoThe rupiah extended its slide to 17,425 per US dollar on Tuesday, according to the Jakarta Interbank Spot Dollar Rate (JISDOR), underscoring Southeast Asia’s largest economy’s struggle to halt the currency’s decline since early this year.
3 months agoA new regulation stated that the protection of outsourced workers, including wages, overtime, social security and severance, is the responsibility of the outsourcing firm, while the principal company's role is to ensure compliance.
3 months agoIndustry players have welcomed plans to reinstate purchasing subsidies for electric two-wheelers as the government looks to reduce reliance on imported fossil fuels that have become increasingly costly amid ongoing tension in the Middle East.
3 months agoDeputy House Speaker Sufmi Dasco Ahmad said that Danantara has acquired stakes in ride-hailing platforms as the government orders tech firms to cut commissions and expand protections for on-demand drivers under a new regulation.
3 months agoLonger-term solutions, such as Bali’s planned waste-to-energy (WtE) facility, are not expected to be completed until November 2027, and undergo a finalization phase before becoming operational in December 2027.
3 months agoPrabowo said he signed a presidential regulation which was the basis for the new maximum commission cap that ride-hailing firms could take from their driver partners.
3 months agoUnder a 2020 regulation, all electronic system providers (PSEs) must register in Indonesia for what the government called legal and user protection purposes before making their services available.
3 months agoUnwieldy terrain, unresolved land acquisition and operational limitations of village cooperatives threaten to slow down Indonesia's push to develop 100 gigawatts of solar power capacity in remote regions.
4 months agoAround Rp 1 trillion is set to be allocated this year for the national internship program, as the government aims to widen its reach.
4 months agoA proposal to impose a surface water tax (PAP) on oil palms at Rp 1,700 (10 US cents) per tree per month has sparked fierce opposition from smallholder farmers in Riau.
4 months agoThe EU unveiled in March new "Made in Europe" rules for companies trying to access public funds in strategic sectors including cars, green tech and steel, obliging firms to meet minimum thresholds for EU-made parts.
4 months agoTrade Minister Budi Santoso has defended the government’s decision to pursue a trade agreement with the United States, known as the Agreement on Reciprocal Trade (ART), which has been criticized for placing Indonesia in an unequal position with the world’s largest economy.
4 months agoSanctions experts have long said, however, that the independent refineries are somewhat immune to the full effect of US sanctions as they have little exposure to the US financial system.
4 months agoThe latest ministerial regulation appears to be the final blow to the remaining support for the EV industry, which had been showing signs of taking off in Indonesia.
4 months agoThe finance minister expects Chinese stakeholders "to be satisfied" with the government's latest debt restructuring plan for the Whoosh high-speed rail project, with the new setup aiming to address persistent cost overruns, delays and interagency incoordination through a more proportionate risk-sharing approach.
4 months agoThe total additional capacity from the new facilities is expected to reach around 900,000 tonnes, although individual warehouse sizes will vary.
4 months agoReliance on foreign workers familiar with proprietary technologies, as well as slow and rigid licensing processes in Indonesia, has created incentives for foreign companies to bypass formal visa channels.
4 months agoThe state asset fund said construction of the inaugural WtE project is unlikely to begin before June, with operations expected to start no earlier than mid-next year.
4 months agoWhile the revision is seen as a potentially effective measure to bolster inclusive funding, experts warn that it may distort Indonesia’s banking industry focus from commercial lending to national development.
4 months agoThe policy aims to close the widening gap between national sugar demand and local output while pushing the country closer to its sugar self-sufficiency target.
4 months agoThe state logistics agency said the increase was needed to meet rising demand as consumers shift from bulk cooking oil to Minyakita, partly driven by soaring plastic prices amid the Iran war.
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