According to the 2025 state budget, the government has set a Rp 3.08 trillion (US$190.3 million) revenue target from the excise on sweetened beverages, much lower than the Rp 4.3 trillion stipulated in the 2024 state budget.

China's exports surged to a record high in 2024, providing a much-needed boost for the economy as the prospect of biting tariffs imposed by US president-elect Donald Trump looms.

It is not clear what changes the government would introduce, but some businesses are in favor of reviving the import restrictions introduced in past regulations.

A third expansion of Patimban Port in West Java is to receive the lion’s share of the funding.

However, a WTO panel found certain deficiencies in how the challenged measures had been prepared, published and administered.

Indonesia generated 69.9 million tonnes of waste in 2023, according to Environment Ministry data. Yet it was estimated 57 percent of waste were managed informally through burning or burial due to inadequate facilities.

The IDX Composite rose 0.34 percent on Friday due to significant foreign inflows as market sentiment improved despite global uncertainties.

The DEN says the upcoming implementation of the GovTech integrated platform, which is expected to go online in August, could link tax compliance with an individual's eligibility for certain public services, such as passport issuance and business licensing.

The government’s downstreaming agenda must be supported by industrialization, but the pace of industrialization in Southeast Asia’s largest economy is decreasing, especially in sectors utilizing processed goods from the mining industry.

Indonesia has been pilot testing the use of ammonia and hydrogen in power generation, but remains limited to only partially replacing the coal used in power plants, a method known as co-firing.

Indonesia recently became a full member of the BRICS economic and geopolitical grouping. The name is an acronym for the bloc’s first five member states: Brazil, Russia, India, China and South Africa.

The property consultancy expects the government's move to extend the property VAT incentive through 2025 will have minimal effect on overall apartment purchases this year.

Indonesia, through the public housing ministry, has inked an MoU with a Qatari investment firm for an undisclosed amount to help fund the government's mega housing project, which aims to build 3 million homes per year.

Unilever, like other big consumer goods companies, has been under fire in many Muslim-majority countries for what some shoppers see as tacit support of Israel's military offensive in Gaza through business activity.

Incentives are critical to encouraging producers to ramp up production and investing in a more efficient processing technology, the Indonesian Chamber of Commerce and Industry (Kadin) said.

The government has welcomed Apple Inc.’s US$1 billion commitment to build a manufacturing facility in Batam Island, but the ban on local sales of the iPhone 16 remains in place as it still fails to meet the country’s local content rules.

Virtual products will remain available to buyers, such as electricity bills, taxes and digital gold vouchers, while physical products like home accessories, fashion and electronics are only available until Feb. 9.   

Nippon Steel touted the $14.9 billion deal as a lifeline for its rusting US rival, but opponents warned that the Japanese firm would slash jobs -- despite assurances to the contrary.

China and Hong Kong combined accounted for 61.6 percent of Korean semiconductor exports in 2020, but by the end of 2024, that figure had dropped to 51.7 percent, according to data from the Korea International Trade Association.

A ban on imports of industrial salt would hamper domestic production, while a prolonged disruption may prompt businesses to relocate their operations abroad.

Without the cap, seven industries would need to pay for gas at a much higher market rate.

Indonesian banks can expect to face challenges in 2025 similar to what they experienced last year, but these also present opportunities for innovative, proactive measusres to strengthen their position in the global financial ecosystem.

Analysts expect the market to rebound this year after last year's lackluster performance, primarily due to the uncertainty surrounding the elections in February and November, though whether it will rally gradually or quickly to surpass 2023 levels remains to be seen.

The IDX Composite closed slightly higher on Tuesday, up by 0.04 percent. It iswassupported by positive foreign investor sentiment despite mixed sector performances.

Brazil has declared itself free of FMD without vaccination since May 2024 and is waiting for formal recognition from the World Organization for Animal Health (WOAH).

More than 1.18 million Chinese tourists came to Bali in 2019, second only to Australia at 1.2 million, according to Statistics Indonesia (BPS).

They are targeting 50 projects at the economic zone within the first five years of its inception, and the creation of 20,000 skilled jobs.