The Financial Services Authority (OJK) has explained new rules for innovative credit scoring (ICS) to assess the creditworthiness of people and small businesses that lack traditional credit histories.

The budget, proposed by the Nusantara Capital City (IKN) Authority, would include allotments to build legislative, judiciary buildings and other facilities as well as to fund building maintenance.

Deputy Industry Minister Faisol Riza said Trump’s tariff policies were likely to push Chinese businesses to shift operations to Southeast Asia to maintain access to the United States market.

Coming from a Qatari private entity, the investment is estimated at US$16,000 to $20,000 per apartment unit.

Indonesia opened its carbon exchange to international buyers on Monday, aiming to raise funds to help meet ambitious domestic climate goals.

Australia will reward power-guzzling aluminum smelters that use renewable electricity instead of coal, Prime Minister Anthony Albanese said Monday as he unveiled a US$1.2 billion green metals plan.

The Jakarta branch of the Indonesian Chamber of Commerce and Industry (Kadin) said that the government’s plan to stop issuing new groundwater extraction permits to businessmen in the Greater Jakarta area is expected to badly impact businesses.

Bali and other cities in Indonesia have either ceased or reduced their transportation services due to a lack of funding from central and local governments. 

The energy minister says the government is thinking of pulling the operating permits of oil and gas companies with idle projects to accelerate domestic output by 2030 as part of a broader strategy to reduce the country's reliance on costly imports.

Pension age hike could result in a longer “waiting period” for workers who retired before the age of 59, delaying their access to the state-run pension program’s benefits.

BI Governor Perry Warjiyo says the central bank's unexpected decision to cut rates this month was driven in part by reduced uncertainty surrounding the US policies of the incoming Trump administration.

The push to build 3 million houses and apartments per year has already attracted investment interest from China, Qatar and the United Arab Emirates (UAE).  

President Prabowo Subianto has prohibited the conversion of rice fields for residential use as the government seeks to prevent a further reduction in plantation acreage while pushing ahead with its massive housing program.

Indonesian businesses have expressed concern over a new regulation on export receipts (DHE) that they say disrupts their cash flow and ultimately jeopardizes their global competitiveness.

According to the 2025 state budget, the government has set a Rp 3.08 trillion (US$190.3 million) revenue target from the excise on sweetened beverages, much lower than the Rp 4.3 trillion stipulated in the 2024 state budget.

It is not clear what changes the government would introduce, but some businesses are in favor of reviving the import restrictions introduced in past regulations.

However, a WTO panel found certain deficiencies in how the challenged measures had been prepared, published and administered.

Indonesia generated 69.9 million tonnes of waste in 2023, according to Environment Ministry data. Yet it was estimated 57 percent of waste were managed informally through burning or burial due to inadequate facilities.

The DEN says the upcoming implementation of the GovTech integrated platform, which is expected to go online in August, could link tax compliance with an individual's eligibility for certain public services, such as passport issuance and business licensing.

Indonesia has been pilot testing the use of ammonia and hydrogen in power generation, but remains limited to only partially replacing the coal used in power plants, a method known as co-firing.

The property consultancy expects the government's move to extend the property VAT incentive through 2025 will have minimal effect on overall apartment purchases this year.

Incentives are critical to encouraging producers to ramp up production and investing in a more efficient processing technology, the Indonesian Chamber of Commerce and Industry (Kadin) said.

A ban on imports of industrial salt would hamper domestic production, while a prolonged disruption may prompt businesses to relocate their operations abroad.

Without the cap, seven industries would need to pay for gas at a much higher market rate.

More than 1.18 million Chinese tourists came to Bali in 2019, second only to Australia at 1.2 million, according to Statistics Indonesia (BPS).

The government plans to plant rice side by side with sugar palms, energy crops or other plants with an intercropping system.

Business groups have expressed support for the policy U-turn that averted a value-added tax (VAT) hike on Jan. 1, but called on the government to be more predictable as the last-minute decision caused widespread confusion.  

President Prabowo Subianto and Finance Minister Sri Mulyani Indrawati jointly announce that the VAT hike from 11 percent to 12 percent would only apply to luxury goods and services.

The House of Representatives has suggested a land amnesty to legalize ownership over millions of hectares of land with no right to cultivate (HGU) and to collect more state revenue.

“I think, in the future, we also have to increase palm oil plantations. We don’t have to be afraid of endangering, what is it called, deforestation, right?” Prabowo said.