Tax Director General Bimo Wijayanto said there was an ambiguity in the issuance of a National Nutrition Agency (BGN) head circular which classifies the funds used by the programs’ kitchens as grants that are not subject to tax.

The yen was pinned near four-decade lows on Friday, with markets on heightened intervention watch as neither a US-Iran peace deal nor a rate hike in Japan managed to arrest its prolonged slide.

Oil tankers sailed through the Strait of Hormuz and the United States said it lifted its blockade on Iran on Thursday as an interim deal to end the war took effect, though key issues are still unresolved between the two countries.

For many Gojek drivers, the road has long been more than a route between destinations. It is where they spend hours each day working to support their families, pursue their aspirations and create opportunities for the next generation.

Energy and Mineral Resources Minister Bahlil Lahadalia previously revealed a significant 20-million-tonne coal supply gap for PLN that remains uncontracted this year, raising fresh concerns about national energy security.

The platform, known as Perlinsos Digital, is currently being tested in 42 cities and regencies before expanding to all 541 districts and municipalities nationwide.

The news boosted optimism for a lasting peace between the two nations after more than three months of war that has rattled energy markets and fuelled a fresh spike in inflation.

Thursday’s interest rate hike comes just hours after the US Federal Reserve kept the federal funds rate (FFR) unchanged.

The central bank lifted its key interest rate by 25 basis points to 5.75 percent, bringing the total increase to 1 percentage point over the past month. 

Finance Minister Purbaya Yudhi Sadewa has departed for a five-day work visit to China to increase cooperation on bond issuances and local currency transactions.

The Fed decided to hold rates steady at 3.50 to 3.75 percent for the fourth consecutive meeting, with the vote being unanimous for the first time in a year.

Ericsson Indonesia president director Nora Wahby spoke to The Jakarta Post’s Maudey Khalisha on May 19 to discuss rolling out the 5G spectrum in Indonesia toward realizing the country’s digital ambitions and elevating its global competitiveness.

Creating a functioning mineral exchange requires building the necessary infrastructure, trading systems and market confidence, which analysts say could take longer than the time remaining until the targeted Jan. 1 rollout.

PLN actually requires 154 million tonnes of coal annually to fuel its steam-fired power plants, but has secured contracts for only 134 million tonnes.

In 2025, the subsidized three‑kilogram green cylinder retail price was Rp 16,000, against an estimated market price of around Rp 48,000, with the state covering the full gap.

The disruptions come as Southeast Asian economies that typically buy Indonesian coal are cranking up their coal-fired power capacity.

Oil prices edged up in early exchanges, a day after plunging more than five percent on optimism for a lasting agreement between the two countries after more than three months of conflict that rattled energy markets and revived inflation.

A senior US official said the US will waive sanctions on Iranian oil, under the deal to end the war, raising the prospect of millions of additional barrels of supply.

The case centers on US$25 million in investments made between 2019 and 2023 by BRI Ventures and MDI Ventures, the venture capital arms of state-owned firms BRI and Telkom, respectively, into agritech start-up PT Tani Group Indonesia (TaniHub).

Despite Monday’s turnaround, foreign investors still recorded a net sell of $5.98 million in IDX, adding up to the year-to-date net sell register of $3.8 billion.

Shippers in Asia and Europe said rebuilding confidence in resuming transit through the Strait of Hormuz could take weeks.

Monday's decision is Elon Musk's second legal loss against OpenAI in four weeks.

After attracting US$4.6 billion in orders, Danantara increased the size of its bond issuance from US$1 billion to US$1.5 billion, split evenly between five-year and 10-year tenors.

The government's plan to task newly formed DSI with managing strategic commodity exports could spell increased credit risk for producers, though more robust or diversified companies are likely to better weather the policy shift, says a June 12 report from Fitch Ratings.

The U.S. president said he had asked French President Emmanuel Macron “not to charge American companies” after France imposed a 3 percent tax on the revenues earned by technology firms in 2019.

Pakistan said the United States and Iran agreed to a peace deal and an "immediate and permanent" end to military operations on all fronts, including Lebanon.

Cross-border QRIS payment system breaks barriers between Indonesia and China, as it seamlessly allows merchants and customers in both countries to be able to do transactions through UnionPay's cross-border payment network.