The proposal is part of a broader set of revisions to the SOEs Law, which is included in the 2025 Priority Legislative Program (Prolegnas).

The RCEP currently consists of China, Japan, South Korea, Australia, New Zealand and all ten members of the Association of Southeast Asian Nations. 

The Finance Ministry has introduced a new subsidy scheme as the government struggles to make headway on its plan to build or renovate 3 million homes a year.

EDC allocated financing for Indonesia’s sovereign wealth fund, particularly for projects in priority sectors such as infrastructure, cleantech, renewable energy, as well as agriculture and food.  

Apple asked the European Union to scrap its landmark digital competition law on Thursday, arguing that it poses security risks and creates a "worse experience" for consumers.

The World Trade Organization continues to play an important role in global trade despite its reduced ability to settle disputes between countries in an increasingly protectionist world.

Greer was speaking in Kuala Lumpur at the start of a meeting with economic ministers from the 10-member Association of Southeast Asian Nations, amid concerns within the export-reliant bloc over the impact of US tariffs on their economies. 

Minister Purbaya said he had also summoned e-commerce platforms, including Tokopedia and Blibli, urging them to prevent the sale of illegal cigarettes on their marketplaces.

Tariff rates have been set at 19 percent and 20 percent for most of the region. Laos and Myanmar have been hit with a 40 percent rate, while Singapore has a 10 percent tariff.

The program, which aims to “link and match” new graduates with industries, will require a total budget of Rp 198 billion in its first stage of implementation.  

The focal points of debate and disagreement shifted repeatedly over the years, ranging from palm oil policy to taxation, deforestation and ever-changing trade regulations.

A webinar on Monday discussed some of the challenges facing the palm oil industry in the country, which was now the world's largest producer and consumer of the commodity.

The Energy Ministry stated that the policy would be used only as a last resort, and only until the end of the year, if local fuel stocks of private retailers were critically low.

The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump's tariffs, but their full impact remains uncertain, the OECD said Tuesday.

Top global banks such as HSBC, JP Morgan and Santander had between 2021 and 2024 allocated only $1,368 billion "for sustainable power such as solar, wind, and related infrastructure ... while $3,285 billion was allocated to fossil fuels," it said.

The House of Representatives has agreed on a key medium-term plan to shift the country’s growth strategy from debt-driven to revenue-driven.

Bali, Batam, Bintan, Mandalika and Likupang are prime examples of areas projected to continue their growth as hubs for regional and international tourism.

The EU is Indonesia's fifth-largest trading partner with bilateral trade reaching $30.1 billion last year.

It is part of the government’s broader economic package, its third this year, totaling Rp 16.2 trillion (US$974 million) and consisting of eight economic acceleration programs.

Rivals of both companies may be concerned the partnership will undermine competition.

The Finance Ministry has unfrozen a large chunk of budget funds earmarked earlier this year for big-ticket flagship initiatives as spending on the free nutritious meal program has not scaled up as fast as anticipated.

The Financial Services Authority’s (OJK) decision to simplify borrowing for micro, small and medium enterprises (MSMEs) is a calculated risk that requires stringent oversight to prevent a surge in bad loans.

Beijing requires social media companies to moderate content on their platforms, with posts strictly controlled to avoid anything deemed to be too subversive, vulgar, pornographic or generally harmful.

The Trade Ministry has reinstated controls on ethanol imports to stabilize molasses prices and protect sugarcane farmers, while also issuing new rules on cassava to support domestic producers.

The RCEP is seen as a potential buffer against tariffs imposed by US President Donald Trump's administration, though its provisions are considered weaker than some other regional trade deals due to competing interests among members.

Prudential's CEO of Health, Arjan Toor, and Prudential Indonesia’s Chief Health Officer, Yosie William Iroth, spoke with The Jakarta Post’s Ni Made Tasyarani about how the insurer is navigating challenges while seeking to tap into growth opportunities in Indonesia.

In May, the Communications and Digital Ministry partnered with Oracle to build Southeast Asia’s largest graphics processing unit (GPU) cluster, with the goal of positioning the country as a hub for AI development in the region.