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Leaders of the Indonesian Sugarcane Farmers Association (APTRI) have complained at the House of Representatives that sugar imports would keep prices depressed and put strain on an industry struggling to gain a footing.
4 hours from nowSeveral other stocks were affected by the price floor change and hit the lower auto-rejection limit, including tech giant PT GoTo Gojek Tokopedia, property developer PT Lippo Karawaci and PT Repower Asia Indonesia, as well as rice producer PT Buyung Poetra Sembada. ...
12 hours agoAt a hearing with the House of Representatives on Monday, BI Governor Destry Damayanti said the central bank had reduced its spot market foreign exchange interventions to 30 percent of total interventions because they were too costly. ...
10 hours agoThe Agriculture Ministry has earmarked around Rp 17 trillion to develop an integrated livestock industry across Indonesia, with five initial sites targeted for completion next year as the government seeks to strengthen domestic supplies of chicken, eggs and milk.
10 hours agoOil prices spiked with bond yields Monday as Donald Trump's rejection of an Iranian offer of a seven-day truce stoked inflation concerns, while stocks were mixed as traders look ahead to the release of key US data.
14 hours agoThe rebound came following a recovery in exports via the Strait of Hormuz, which were set to hit about 7.4 million bpd this month.
17 hours agoThe Vanda Solar and Battery project in the Riau Islands is expected to be operational by 2029, but only if the Indonesian government issues its long-awaited electricity export regulation this year or by 2027, its developer has said.
1 day agoFrom the launch of cross-border QRIS in 2022 through July 2026, users from partner countries made 21 million inbound transactions in Indonesia worth Rp 5.9 trillion ($329.3 million), BI data show.
1 day agoThe tariff reductions would apply to US exports such as agricultural goods, wood and cosmetics, as well as US imports including small appliances, toys and decorations.
1 day agoTikTok will pay Alabama at least $100 million under the settlement, but the state's payout could grow to $300 million if 40 other attorneys general sign on to similar agreements with the company within a specified timeframe, according to the settlement.
2 days agoMany Indonesians are making do without old-age saving plans as they grapple with unstable incomes and employment.
2 days agoThe cooperation aims to explore critical sectors such as defense and cyber technologies for long-term innovation and national resilience toward potential involvement of SOEs, as Danantara eyes AI infrastructure development.
3 days agoFollowing last week's criticism of the government's delay in installing managers at Red and White Cooperatives, the Agrinas chief has asserted that co-op managers are employed at the state-owned agriculture firm.
3 days agoThe head of industry group Airlines for America said on Thursday that US carriers oppose adding more direct flights from China to the United States even as Chinese President Xi Jinping raised the idea.
3 days agoA planned marketplace for the free nutritious meal program could end up centralizing the program’s supply chain without addressing underlying procurement and governance problems, economists have warned.
4 days agoThe Confederation of All Indonesian Trade Unions (KSBSI) called for labor rules that balance business sustainability with worker protection while adapting to changes in the workforce.
4 days agoLawmakers have green-lit a plan to import used trains from Japan, which has a compatible railway system, as KAI projects the shortfall in trains to peak at 45 in 2029 amid growing demand from Commuter Line passengers.
4 days agoThe EU has confirmed that Indonesia will leave the GSP from Jan. 1, 2027, after being classified as an upper-middle-income country for three consecutive years.
4 days agoAccording to the coordinating economy minister, Indonesia's Russian crude deal in April will not be subject to the new tariff, as it was agreed during a window when it was allowed.
4 days agoArtificial Intelligence is a tool to help people understand health more deeply, recognize risks earlier, and take more appropriate action, while clinical responsibility remains with physicians and healthcare professionals.
4 days agoEconomic growth has remained "resilient" in many countries despite the war in the Middle East, the OECD said Wednesday as it slightly raised its GDP forecasts for the year.
4 days agoS&P Global Ratings has cautioned about earnings and concentration risks at state lenders amid rising exposure to state-owned enterprises (SOEs) and the government’s economic programs, which has expanded their loan growth at twice the industry rate.
5 days agoBank Indonesia (BI) has kept its benchmark interest rate unchanged despite high global energy prices and a recent hike by the United States Federal Reserve (Fed), while relying on hedging to protect the rupiah.
5 days agoThe restrictions have disrupted production with some business players reducing smelting activity, shutting production lines and furloughing workers.
5 days agoThe dollar rose to its strongest level in two months on Wednesday on prospects of interest rate hikes in the near term, although easing oil prices could alter the global inflation and monetary policy outlook.
5 days agoPrior to Haji Isam’s stake acquisition, Bayan Resources notified customers of a force majeure situation on Sept. 11 after approval for its revised coal production quota had not been issued.
5 days agoAustralian Prime Minister Anthony Albanese said the proposed measure was not intended to grant governments greater authority, but rather to restore individuals' control over their content choices.
5 days agoSoutheast Asia’s largest economy will raise its local content requirement, also locally known as TKDN, for locally produced battery electric four- and two-wheelers to 60 percent from 40 percent on Jan. 1, 2027, before raising it to 80 percent in 2030 under Industry Ministry Regulation No. 6/2022.
6 days agoThe initial facility, which has a capacity of 120 MW, has secured 845 MVA from the PLN grid and is expected to begin operating early next year.
6 days agoElectric motorcycles sales have fallen sharply from 70,000 units last year to only 18,900 until August this year, according to the Indonesian Electric Motorcycle Industry Association (Aismoli).
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