Experts say the move contradicts President Prabowo Subianto’s promise of greater regional autonomy and risks fueling political tensions if not carefully managed.

Kadin has pointed to carbon markets as one of four key areas, while BloombergNEF notes the country's potential to become a net exporter of forestry credits to offset carbon emissions.

The White House said Friday it had begun mass layoffs of federal workers as President Donald Trump sought to amp up pressure on opposition Democrats to end a government shutdown that has crippled public services.

China, the world's largest bilateral creditor, has historically played a key role in financing infrastructure projects across the Global South, committing over $472 billion through its policy banks, the China Development Bank and Export-Import Bank, between 2008 and 2024.

US President Donald Trump revived the trade war against Beijing on Friday, ending an uneasy truce between the two largest economies with promises to sharply hike tariffs in a reprisal against China curbing its critical mineral exports.

The government wants to send thousands of Indonesians to Japan for work experience under a program that promises mutual benefits but that critics say is not without economic risks.

The Energy and Mineral Resources Ministry has issued a landmark regulation legalizing the exploitation of community-owned wells.

Finance Minister Purbaya Yudhi Sadewa has unveiled plans to transfer an additional Rp 70 trillion to local banks, including regional lenders such as Bank Jakarta and Bank Jatim.

The government is getting in gear to launch its B50 biofuel program as part of the wider energy and food agenda, reducing exports and potentially putting the country on a footing to dictate the global CPO market.

Asian equities staggered into the weekend Friday following a mixed week that saw a Middle East ceasefire and huge new AI investments play off against the US shutdown and concerns about a tech bubble.

Local administrations say meeting the strict waste-supply targets will be difficult to sustain over the long term.

Lawmakers say the new structure draws a clear line between regulator and operator, but Dony Oskaria’s appointment threatens to blur that boundary.

This aggressive stance comes as tax revenues have reached only 54.7 percent of the annual target in August and contracted 5.1 percent year-on-year.

Consumer views on their current income situation and plans to buy durable goods weakened, while perceptions of job availability dropped deeper into pessimistic territory.

The global economy is doing better than expected, even as it faces prolonged uncertainty and underwhelming medium-term growth prospects, the head of the IMF said Wednesday. 

Radioactive and carcinogenic contamination has prompted foreign buyers to become more cautious, tightening inspections or even delaying contracts with local suppliers, industry players claimed.

According to research from the World Bank, one out of seven young Indonesians may find themselves out of work.

Industrial production fell by 4.3 percent compared with the previous month, the federal statistics office said on Wednesday, the biggest fall since March 2022, just after Russia's invasion of Ukraine. Analysts polled by Reuters had predicted a 1.0 percent fall.

Recent indicators suggest that Indonesia's recent challenges are centered on declining purchasing power.

Governors have urged Finance Minister Purbaya Yudhi Sadewa to reconsider sharp cuts to regional transfer funds, warning the move would strain local budgets and may stall infrastructure projects, with smaller, low-revenue regions being hit hardest.

AI-related goods and a surge in exports to the United States to beat President Donald Trump's tariff hikes boosted global merchandise trade growth this year, the World Trade Organization said Tuesday.

DEFA serves as ASEAN's free trade agreement (FTA) focusing on enhancing digital economic cooperation and integration among member states by harmonizing rules for digital trade, services and innovation.  

Gold pushed through US$4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the US Federal Reserve.

Indonesia must urgently pivot from being a mere supplier of raw materials to investing in research and development (R&D) to secure its position in the global electric vehicle (EV) battery value chain, experts warn.

The Jakarta government is looking to issue municipal bonds next year for its so-called Jakarta Collaboration Fund to bridge a financing gap caused by central government budget cuts earlier this year.

Healthcare providers are facing a choice between continuing to react to insurer mandates or proactively shaping value-based arrangements through commercial, clinical and operational innovations.

Indonesia’s updated Nationally Determined Contribution (NDC) is to be presented at the United Nations Climate Change Conference (COP 30) in Brazil next month.