The Public Works Ministry is set to face a budget cut of over 70 percent by the Finance Ministry, following President Prabowo Subianto’s instruction to save funds for other priority programs.
3 months agoThe government previously increased the government purchase price to Rp 6,500 (40 US cents) per kilogram, which was deemed a reasonable figure to ensure welfare for smallholders. ...
3 months agoUS President Donald Trump delayed the start of tariffs on neighbors Mexico and Canada for a month Monday -- but China remained in the firing line for levies that are putting the global economy on edge. ...
3 months agoThe government is considering a policy that would require thermal coal exporters to sell the commodity using Indonesia’s coal reference price (HBA) to prevent Indonesian coal from being sold abroad at prices below the local benchmark.
3 months agoUS President Donald Trump paused tariffs on Mexico for one month after last-minute talks Monday -- but there was no breakthrough yet in negotiations with Canada on an issue that has sparked fears of a global trade war.
3 months agoAnnual inflation in January 2025 is the lowest since January 2000, BPS says.
3 months agoThough costs remain a concern, Indonesian manufacturers have increased buying activity and bolstered stockpiles of input and output inventories in anticipation of demand growth this year.
3 months agoThe IDX Composite closed lower on Monday, falling by 1.11 percent after United States President Donald Trump announced an increase in import tariffs on Canada, Mexico and China.
3 months agoIndustry association ASI has called for stricter enforcement of the moratorium on new factories as well as more targeted application of the policy to protect cement producers.
3 months agoMaximum and minimum temperatures in most parts of the country will be above-average in the month, Mrutyunjay Mohapatra, director-general of the India Meteorological Department, told a virtual news conference.
3 months agoThe Kadin advisory board chair has proposed the new bond scheme as an alternative to a tax holiday for repatriating overseas funds to fund the "3 million homes" program of President Prabowo, his brother.
3 months agoAsian stock markets slumped on Monday and European and US equity futures pointed sharply lower after President Donald Trump's tariffs on Canada, Mexico and China triggered fears of a broad trade war and a hit to global growth.
3 months agoNational housing task force head Hashim Djojohadikusumo said on Jan. 20 that people would still need to pay installments for housing units provided by the program.
3 months agoThe dollar surged on Monday, pushing its Canadian counterpart and Mexican peso to multi-year lows while China's yuan slumped to a record low in offshore trading after US President Donald Trump kicked off a trade war by imposing sweeping tariffs.
3 months agoPresident Prabowo Subianto kicked off his term with promises to make Indonesia less dependent on fuel and food imports by ramping up renewable energy supply and building massive agricultural estates, sparking hope but also skepticism as predecessors have tried the same, and failed.
3 months agoNew rules require firms to give 20 percent of their land to smallholders before the government extends their permits.
3 months agoDonald Trump's new tariffs will probably not have a major impact on China's economy but may herald the opening salvo of another bruising trade war with Beijing, analysts said Sunday.
3 months agoCanadian and Mexican exports to the United States will face a 25 percent tariff, although energy resources from Canada will have a lower 10 percent levy. Goods from China, which already face various rates of duties, will see an additional 10 percent tariff.
3 months agoUS President Donald Trump is expected to sign an order on Saturday imposing hefty new tariffs of 25 percent on goods from Mexico and Canada and 10 percent on imports from China, potentially disrupting more than US$2.1 trillion worth of annual trade.
3 months agoTrump said he would be putting tariffs on imports of computer chips to the United States, which will punish Nvidia's business that depends on imported components, mainly from Taiwan.
3 months agoThe United States has backed out from its role as a co-leader alongside Japan in an international effort to help finance Indonesia’s energy transition, with Germany reportedly stepping into the breach.
3 months agoTotal investment grew by 20.8 percent to Rp 1.7 quadrillion (US$105 billion) last year compared to the previous year.
3 months agoPertamina has launched Diesel X, a low-sulfur vehicle fuel claimed to be relatively environmentally friendly and efficient.
3 months agoWith less than 24 hours before President Donald Trump's deadline to impose sweeping tariffs on the three biggest US trading partners -- Canada, Mexico and China -- the global economy is bracing for impact.
3 months agoThe US mining giant says it expects to soon get final export approval for local subsidiary Freeport Indonesia, after a fire last October prompted the company to close operations and file an extension request.
3 months agoPresident Donald Trump on Thursday warned off BRICS member countries from replacing the US dollar as a reserve currency by repeating a 100 percent-tariffs threat he had made weeks after winning the November presidential elections.
3 months agoAsian shares wavered on Friday, weighed down by the return of tech-heavy South Korean stocks from holidays, but relatively strong earnings from US tech giants kept risk sentiment intact while tariff threats pushed the dollar and gold prices higher.
3 months agoAt the BRI Microfinance Outlook 2025 on Thursday in Jakarta, the senior economic minister launched a new credit scheme that carries a 5% interest subsidy rate to help labor-intensive industries.
3 months agoBusinesses looking to grow would do well to look toward the major markets in Southeast Asia.
3 months agoFully implemented at the turn of the year, Coretax is a new tax administration system that is meant to tame Indonesia’s notoriously complicated taxation jungle, which can then translate into improved compliance and increased revenue.
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