Social mobility, sociologists note, could be restored through better access to education and more job opportunities, but that would require industrialization, investment and a stronger formal sector.

Experts warned that the regulation could further hurt the domestic ethanol downstream sector, even as Indonesia plans to launch a mandatory ethanol-based biofuel program.  

The new formula introduces a tiered system where companies will receive additional credit for labor and overhead if they produce in-house, and a lower score if they rely on contract manufacturers.

The proposed plan to merge Pertamina's Pelita Air and national carrier Garuda Indonesia is part of a broader strategy to restructure SOEs and improve their competititveness toward eventual consolidation under Danantara, while strengthening the aviation industry.

Weda Bay Nickel is a joint venture of Indonesia's Antam and Singapore-based Strand Minerals, whose shares are divided between French mining giant Eramet and Chinese steel major Tsingshan. 

Taiwan’s Center for Food Safety (CFS) is reviewing all related product lines to determine whether other Indomie variants have been affected.

While the new finance minister has promised not to make any major changes to next year's draft budget and instead focus on fiscal discipline, Sri Mulyani's departure has left markets nervous about her replacement's policy direction.

A battery plant co-owned by Hyundai Motor is facing a minimum start-up delay of two to three months following an immigration raid last week, Hyundai CEO Jose Munoz said on Thursday.

The government noted that only a few accredited laboratories are currently capable of advanced food testing.

The current job availability index fell further into pessimistic territory at 93.2, highlighting lingering pressure in the labor market.

Experts cautioned that the policy could unintentionally encourage companies to hire only workers who live nearby.  

The government has announced plans to shift some state deposits from the central bank to commercial banks to allow for more loan disbursements and thereby invigorate private sector activity in a bid to achieve 6 to 7 percent gross domestic product growth.

Economists argue that the root cause lies in public dissatisfaction that has been building over fragile social and economic conditions.

Asian equities mostly rose Thursday as investors built on this week's rally after US data ramped up expectations for a string of interest rate cuts. Jakarta jumped after the government said it plans to inject around $12 billion into the economy. 

A group of hundreds of local economists has called on the government to focus on spending priorities and bring back institutional independence as part of seven “urgent economic demands” to achieve social welfare and equality.

The pilot project is designed to produce up to 100 kilograms of green hydrogen per day and is expected to begin operations next year.

The government has announced plans to establish six new special economic zones (SEZs) covering various industries, from the halal sector to electric vehicles (EVs).  

Asian stocks tracked Wall Street higher on Wednesday and bonds fell as traders firmed up bets that US labor market softness would spur the Federal Reserve to cut rates by at least a quarter point next week.

Finance Minister Sri Mulyani Indrawati was chairing a meeting with top ministry officials when she received a call from President Prabowo Subianto's office informing her she would be replaced within an hour, two sources said, underscoring the abruptness of the longtime finance czar's sacking.

Indonesia’s coconut exports are surging, raising concerns among industry groups that domestic processing businesses are being squeezed by limited raw material supply.

Entering office just weeks before the 2026 state budget is to be passed into law, newly appointed Finance Minister Purbaya Yudhi Sadewa vows to make no major changes to the draft and to maintain fiscal discipline. He also said he would learn the ins and outs of his new post from his well-regarded predecessor, Sri Mulyani Indrawati.

Despite the government’s push to source more supply from state-owned Pertamina as a short-term solution, industry players remain reluctant to comply.

PT Freeport Indonesia (PTFI) is striving to evacuate seven workers trapped underground after a landslide struck the Grasberg Block Cave mine in Mimika, Central Papua, late on Monday.

Last year, only seven of the 22 SEZs exceeded their investment targets, including Nongsa in Batam, Kura Kura in Bali and Kendal in Central Java.

Purbaya joined the government under various roles since 2010 and has been the head of the Indonesia Deposit Insurance Corporation since 2020.

PT Gag Nikel, a subsidiary of state-owned mining firm PT Aneka Tambang (Antam), has resumed operations in the Raja Ampat archipelago, Southwest Papua, after a temporary halt due to concerns over environmental damage.  

The incident occurred late on Monday at one of five production blocks in the Grasberg Block Cave underground mine in Central Papua.