Srinivasan's remarks come amid concerns over US President-elect Donald Trump's plan to impose a 60 percent tariff on Chinese goods and at least a 10 percent levy on all other imports.

Funding for new infrastructure is currently frozen at the directive of Finance Minister Sri Mulyani Indrawati, pending coordination among ministries under the leadership of the National Development Planning Agency (Bappenas).

The re-election of Donald Trump as United States president will likely do little to ease talks with Jakarta about a free-trade agreement (FTA), but such a deal may not be necessary to open the US market for Indonesian nickel.

Analysts say bullion banks can help Indonesia safeguard its foreign exchange reserves amid geopolitical uncertainty, enhance the stability of its currency and reduce reliance on the US dollar.

During his state visit to the US, the President said Indonesia was looking at fully benefiting from any multilateral organizations it might join, and that seeking membership in both the OECD and BRICS was in the cards.

The employers' association has urged immediate action from the government and the House to overhaul the 2003 Manpower Law as ordered by the Constitutional Court, warning of the adverse impacts on the investment climate amid ongoing vulnerability in labor-intensive sectors.

The new bill being drafted by House Commission XI aims to place the distribution of SOEs' earnings under the Financial Ministry, which is already responsible for approving state capital injections.

Electric motorcycle sales could plummet next year unless the government renews a subsidy program, producers warn.

The rebrand, which was unveiled at China's biggest air show in Zhuhai on Tuesday, features C909 painted in white on a blue tail.

The national health insurer has accumulated a deficit of more than US$800 million so far this year as claims payments for health facilities vastly exceed revenue.

Government belt-tightening by cutting down on official trips is already impacting the hotel industry through a rising number of cancellations, according to a business group.  

The Bank of Japan (BOJ) hopes to maintain its 2 percent inflation target even if climate change causes long-term shocks to future price developments, Governor Kazuo Ueda said on Saturday.

Currently, the government has earmarked over Rp 504 trillion for social aid in 2025, the second largest expenditure after education at over Rp 722 trillion.

The energy ministry says the number of biofuel plants needs to expanded by seven to nine new facilities to support the President's aim to roll out the mandatory B50 program in four years' time.

The public works minister met on Tuesday with his predecessor, now the incumbent head of the IKN Authority, to discuss a variety of related matters, including the possibility of relocating the ministry's employees to the new capital being developed in East Kalimantan.

Analysts question how a new sovereign wealth fund will address the public service obligations (PSOs) of certain SOEs included in its portfolio, given that these firms are often instructed by the government to sell products below market prices or take on unprofitable projects.

The US central bank's rate decision should help ease the costs of mortgages and other loans -- welcome news for consumers, who had widely cited the cost of living as a top concern ahead of Tuesday's vote. 

The regulation also scraps import taxes on train part imports and imported components for machinery used by the Defense Ministry. 

The President has called on top government officials to cut travel and ceremonial expenditures to channel more funds to his administration's housing initiative and food security aims, including his signature free meals program.

President Prabowo Subianto has added two new directorate generals to the Finance Ministry – the Economic and Fiscal Strategy Directorate General and the Financial Sector Stability and Development Directorate General.

Australia is trialing an age-verification system to assist in blocking children from accessing social media platforms, as part of a range of measures that include some of the toughest controls imposed by any country to date.

Coordinating Infrastructure and Regional Development Minister Agus Harimurti Yudhoyono has tasked the Spatial Planning Ministry/National Land Agency with forming a land acquisition committee to support infrastructure programs.  

President Prabowo Subianto has inked a regulation on debt relief for individuals and micro, small and medium enterprises (MSMEs) engaged in farming, fishing and plantation sectors.

State-Owned Enterprises (SOEs) Minister Erick Thohir has put forward the idea in support of President Prabowo Subianto’s plan to achieve self-sufficiency in food production.

State-Owned Enterprises (SOEs) Minister Erick Thohir said the ministry, after conducting a review of the project, had concluded it was unnecessary to build the new terminal. The government’s new plan to expand the airport's three existing terminals, Erick said, would cost only Rp 1 trillion.

The KSPI has released a statement announcing nationwide strikes on Nov. 19 and Dec. 24 over the government's failure to comply with the Constitutional Court's 2021 ruling to amend the highly contentious jobs law, as well as its failure to meet workers' minimum wage demands conveyed last month.

A fishing trip in Komodo National Park, East Nusa Tenggara, for instance, saw a surge to Rp 5 million (US$317.68) per tourist from Rp 25,000 previosuly.

Energy and Mineral Resources Minister Bahlil Lahadalia said that the government is currently considering two options: replacing the subsidy entirely with a direct cash transfer (BLT) for those deemed eligible, or partially reducing the subsidy alongside BLT for low-income earners.

The government and the House of Representatives say they will comply with the Constitutional Court ruling, which concludes a review of the controversial Job Creation Law requested by labor groups.

The government blocked sales of Google Pixel phones because the company has not met the rules which necessitate certain smartphones sold domestically to contain at least 40 percent of parts manufactured locally.