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Jakarta Post
Regulations

Legislature confirms Destry as new central bank chief

The House of Representatives on Tuesday confirmed Destry Damayanti as the new central bank governor, following the abrupt resignation of Perry Warjiyo in July.

1 hour ago
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Subsidized LPG quota set to run out, energy council warns

The National Energy Council (DEN) has called on the government to intensify supervision of subsidized 3-kg liquefied petroleum gas (LPG) distribution as consumption is projected to exceed the 2026 quota. ...

23 hours ago
Regulations

Europe's central bankers fear more turbulence in testy US relations

Europe'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. ...

1 day ago

The Latest

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Prabowo's nephew enters race for senior central bank post

Deputy finance minister Thomas "Tommy" Djiwandono, who is also a nephew of President Prabowo Subianto, has been lined up to become a deputy governor of Bank Indonesia (BI), raising questions about the central bank’s independence.

7 months ago
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Local governments propose 60 new transmigration areas

Transmigration Minister M Iftitah Sulaiman Suryanagara has welcomed proposals from local governments to develop 60 transmigration areas in their respective regions. 

7 months ago
Regulations

Prabowo nominates nephew as central bank deputy governor, sources say

Thomas Djiwandono, a deputy finance minister who is a former businessman, is reportedly set to face a fit-and-proper test by parliament for the new job.

7 months ago
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Price gap, limited materials cloud biodiesel push

An aggressive biodiesel push could pile pressure on energy subsidies in the state budget due to fluctuations in palm oil prices and squeeze already limited feedstock supplies that are also crucial for other industries.

7 months ago
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West Java aims to swap Kertajati airport assets for stake in Bandung airport

The West Java administration plans to give its stake in Kertajati International Airport in Majalengka to the central government and in return get a stake in Husein Sastranegara Airport in Bandung.  

7 months ago
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Reduced import quota threatens beef supply, jobs, industry warns

Industry associations are concerned about a drastic cut to this year's beef import quota for private companies, warning of potential layoffs, stymied domestic competition and negative impacts on the market and consumers.

7 months ago
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OJK backtracks, makes health insurance co-payments optional

Initially introduced to address rising medical costs over time, the co-payment scheme allowed insurers and policyholders to jointly bear medical expenses.

7 months ago
Regulations

Trump calls for one-year cap on credit card interest rates at 10%

US President Donald Trump said on Friday he was calling for a one-year cap on credit card interest rates at 10 percent starting on January 20 but he did not provide details on how his plan will come to fruition or how he planned to make companies comply.

7 months ago
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Bulog’s expanding role puts private rice millers to the test

The government has unveiled plans for Bulog to build 100 post-harvest facilities, backed by Rp 5 trillion in state capital injections, aiming to ease chronic storage bottlenecks that have long limited the absorption of farmers’ harvests.

7 months ago
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RI to cut coal production by nearly a quarter to lift prices

Energy and Mineral Resources Minister Bahlil Lahadalia said this year’s coal production quota would be set at around 600 million tonnes, pending a final review by the ministry’s director general.

7 months ago
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Indonesia bans Spanish pork imports over ASF outbreak

The national quarantine body has banned all imports of Spanish pork and pork products following a confirmed ASF outbreak in the European country, in a measure that aims to protect the domestic pig farming industry as well as native wild boars from the highly virulent and fatal swine disease.

7 months ago
Regulations

Indonesia may seize another 5 million hectares of palm oil plantations in 2026

Authorities seized more than 4.1 million hectares of land last year, arguing it was being illegally operated in forest areas by both large palm oil companies and smallholder farmers.

7 months ago
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New housing agency plan unnecessary, reduces efficiency, businesses say

Experts warned that the new body could overlap with the Housing and Settlements Ministry and BP Tapera, bloating the housing program with layers of bureaucracy.

7 months ago
Regulations premium

RI imposes safeguard duties on cotton fabric imports

The measure is regulated under Finance Ministry Regulation No. 98/2025, signed by Finance Minister Purbaya Yudhi Sadewa on Dec. 22, with the tariffs set to take effect this Saturday.

7 months ago
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Miners call for faster quota approvals amid rule shift

While temporary permits have provided short-term relief, experts warn that a growing backlog could undermine investment certainty and the sector’s long-term stability.

7 months ago
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RI raises fuel import quota for retailers after 2025 supply snarl

Following last year’s fuel snafu, the government has decided to increase this year's import quotas for private retailers, but has not publicly announced by how much.

7 months ago
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Indonesia extends income tax relief for labor-intensive industries

Tax relief is provided for employees working in five business sectors: footwear, textiles and apparel, furniture, leather and leather goods, as well as tourism.

7 months ago
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Purbaya pulls $4.8b liquidity injection from banks to fuel govt spending

The injections are part of Rp 276 trillion in government deposits redirected from the government’s accounts at Bank Indonesia (BI) in September and November to support liquidity at state-owned banks.

7 months ago
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Coal exporters say new duty rules threaten viability, volumes

The coal industry is bracing for heightened uncertainty and margin pressure following the introduction of a new price reference system that industry players warn will complicate pricing and erode Indonesia's export competitiveness.

8 months ago
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Housing program to pivot to renovation in 2026

After a lack of progress in their 3-million-homes pledge this year, the government has signaled a shift in focus toward renovation rather than new construction.

8 months ago
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Labor unions protest Jakarta minimum wage, vow court battle

Labor groups are demanding the wage be raised to Rp 5.89 million, in line with Jakarta’s decent living needs as calculated by Statistics Indonesia (BPS).

8 months ago
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Govt targets full ban on private diesel imports in 2026

The energy minister has reinforced a plan to gradually reduce diesel imports over the first two months of 2026 toward a full ban in March, pointing to sufficient domestic supply and a potential for combining increased local output with hiking the national biodiesel program to 50 percent.

8 months ago
Regulations

Indonesia to start restricting children’s social media access in 2026

As part of broader efforts to strengthen child protection in the digital space, the Indonesian government is preparing to impose restrictions on children’s and adolescents' access to social media starting in 2026.

8 months ago
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Govt to sign trade deal with US in January after clearing final hurdles

The agreement, which is expected to be signed by President Prabowo Subianto and his United States counterpart Donald Trump, will not constrain Jakarta’s domestic policy space and will deliver “balanced economic benefits” for both countries, according to Office of the Coordinating Economy Minister Airlangga Hartarto.

8 months ago
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Another year lost in the energy transition

As of October, renewables accounted for only 14.4 percent of the national energy mix, equivalent to 15.47 gigawatts (GW) of installed capacity.

8 months ago
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West Java development moratorium prompts industry scrutiny

A real estate association has warned of financial strain on developers and a potential setback for the government’s 3-million-homes program.

8 months ago
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Govt imposes gold export tax as prices surge to new high

Based on the new regulation, gold priced in the range of US$2,800 to $3,200 per troy ounce will face duties of 7.5 to 12.5 percent, with rates potentially rising to 10 to 15 percent.  

8 months ago
Regulations

EU countries approve year-long delay to deforestation law

The world-first policy would ban imports into the EU of cocoa, palm oil and other commodities linked to forest destruction, requiring foreign exporters of these commodities to provide due diligence statements proving their products did not contribute to forest destruction.

8 months ago
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Proposed minimum wage hike rattles employers, falls short for unions

Under the new formula, provincial minimum wages would rise by between 5.3 percent and 7.3 percent, an increase employers deem too steep.

8 months ago
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BI keeps benchmark interest rate unchanged despite Fed cut

Bank Indonesia has kept the BI Rate unchanged in its final policy meeting of 2025 after having cut the benchmark interest rate five times throughout the year.

8 months ago

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