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Purbaya says no new procurement will proceed, despite earlier approvals that saw more than 21,000 units already purchased.
1 day agoWhile some filmmakers warn it could burden exhibitors, smaller producers argue that a quota system could give high-quality independent films a fairer shot at reaching audiences. ...
3 days agoMeanwhile the umrah sector, which is fully operated by private players, continues to see relatively resilient demand even as operators and consumers absorb higher costs. ...
3 days agoThe finance minister plans to postpone enforcing a withholding tax on e-commerce transactions, but not everyone is on board with that decision.
5 months agoIndonesia has long struggled to lift its tax-to-GDP ratio beyond the 10 percent mark, with the figure worsening from 10.3 percent in 2023 to 10.08 percent last year.
5 months agoUntil the halt, Indonesia was one of the biggest suppliers of carbon credits to the international market, mostly through the REDD+ reforestation scheme.
5 months agoThe Industry Ministry is drafting a new regulation that will compel all industrial estates and factories across Indonesia to regularly report radiation survey results in response to the discovery of the radioactive isotope Cesium-137 (Cs-137) in the Cikande industrial area in Banten.
5 months agoManpower Minister Yassierli said the ministry had issued a circular on Monday for local governments to help increase company participation in the effort.
5 months agoThe finance minister said the state budget should play no role in restructuring the high-speed railway’s credit as the state-owned enterprises involved were managed by state asset fund Danantara.
5 months agoThe stipulation for determining the provincial minimum wage is usually made on Nov. 1, and Dec. 1 for regencies or cities.
5 months agoPrivate fuel retailers have rejected a new import policy, triggering supply shortages and tough negotiations with the government.
6 months agoBusinesses have previously raised concerns that the new policy could disrupt cash flow and ultimately hurt global competitiveness.
6 months agoExperts say the move contradicts President Prabowo Subianto’s promise of greater regional autonomy and risks fueling political tensions if not carefully managed.
6 months agoThe government is getting in gear to launch its B50 biofuel program as part of the wider energy and food agenda, reducing exports and potentially putting the country on a footing to dictate the global CPO market.
6 months agoLocal administrations say meeting the strict waste-supply targets will be difficult to sustain over the long term.
6 months agoLawmakers say the new structure draws a clear line between regulator and operator, but Dony Oskaria’s appointment threatens to blur that boundary.
6 months agoRecent indicators suggest that Indonesia's recent challenges are centered on declining purchasing power.
6 months agoGovernors have urged Finance Minister Purbaya Yudhi Sadewa to reconsider sharp cuts to regional transfer funds, warning the move would strain local budgets and may stall infrastructure projects, with smaller, low-revenue regions being hit hardest.
6 months agoThe European Union will take a page out of US President Donald Trump's tariff playbook on Tuesday with a plan to hike levies and slash quotas for imported steel -- to protect the bloc's struggling industry from cheap Chinese competition.
6 months agoThe House of Representatives is seeking to expand Bank Indonesia’s (BI) mandate to include economic growth and job creation, which analysts warn could conflict with monetary policy goals and motivate political interference.
6 months agoThe Attorney General’s Office (AGO) has handed over seized assets worth Rp 7 trillion from corruption cases involving mineral extraction to state tin miner PT Timah and state asset fund Danantara.
6 months agoFinance Minister Purbaya Yudhi Sadewa has insisted on cutting the state budget allocation for the free nutritious meal (MBG) program if spending on the flagship initiative remains slow.
6 months agoIn its ruling published on Oct. 2, the WTO has ruled in favor of Indonesia in its stainless steel dispute with the EU after finding that Brussels's countervailing measures were inconsistent with the trade body's SCM Agreement.
6 months agoThe government has lambasted the European Union’s decision to appeal a World Trade Organization (WTO) ruling supporting Indonesian biodiesel exports, arguing that the move went against the spirit of freshly elevated economic ties.
6 months agoHowever, Finance Minister Purbaya Yudhi Sadewa has raised objections to the tax amnesty policy, arguing that it would not encourage businesses to become compliant taxpayers, as they would simply expect repeated leniency.
6 months agoUnder the new structure, BP BUMN will act as the sector’s regulatory agency, while Danantara will serve as the executor in charge of around 1,000 state firms and as guarantor for investment holdings.
6 months agoDanantara has raised Rp 50 trillion through its first so-called patriot bond, with part of the proceeds earmarked for renewable energy and waste-to-energy projects. The company expects to launch initial tenders by the end of October.
6 months agoThe Public Housing Savings (Tapera) program is in limbo after the Constitutional Court struck down its legal basis, with judges declaring compulsory contributions from all workers and employers an unfair burden on both.
6 months agoPresident Prabowo Subianto previously announced the plan as part of his administration’s economic stimulus package, which includes repairing 1,000 vessels of 30 GT and larger vessels of up to 2,000 GT for state-owned enterprises.
6 months agoIf passed in the coming days, the amendment would “effectively dissolve” the ministry and replace it with the new agency, although its duties would remain “largely the same,” the government stated.
6 months agoFinance Minister Purbaya Yudhi Sadewa said on Friday he did not instruct state banks to raise their United States dollar deposit rate to 4 percent, and that the government was still considering what incentives to offer to bolster the domestic US dollar supply.
6 months agoNew regulation effectively designates state-owned electricity utility PLN as the sole aggregator for electricity imports and exports.
6 months agoThe proposal is part of a broader set of revisions to the SOEs Law, which is included in the 2025 Priority Legislative Program (Prolegnas).
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