QRIS transaction volume had risen by 163 percent year-on-year (yoy) in July, while BI-FAST handled 414.6 million transactions, up 38 percent yoy, with a total value of Rp 1 quadrillion.

The existing incentives consist of exemptions from import duties and luxury taxes for completely built-up battery electric vehicles (BEVs).

A plan to cut local content requirements for goods made by foreign suppliers rather than in-house could dent investment as the country aims to woo foreign capital, businesses say.  

The exemption will take effect once both sides reach a final pact, but no timeline was set as the US was busy in tariff talks with other countries.

Danantara Indonesia plans to raise Rp 50 trillion through so-called patriot bonds to fund waste-to-energy facilities and strategic projects in what the government bills as a move to boost public-private collaboration for long-term national development.

US President Donald Trump said he wants to make more investments in healthy US companies on Monday. Whether Corporate America is on board is another story.

Sources said earlier that the Trump administration was considering imposing sanctions on European Union or member state officials responsible for implementing the bloc's landmark Digital Services Act.

US President Donald Trump moved to fire Federal Reserve Governor Lisa Cook "effective immediately" on Monday, citing allegations of false statements on her mortgage agreements -- as he expanded pressure on the independent central bank.

Bank Indonesia is set to pilot its Quick Response Indonesia Standard (QRIS) system in China next month, following its recent Japan launch that marked the payment system’s first expansion beyond ASEAN.

President Prabowo Subianto on Monday inaugurated a slate of officials to lead two newly established agencies, a move seen as central to his administration's economic and infrastructure agenda.

However, royalties and taxes will still be calculated using the government’s coal benchmark price (HPB) and mineral benchmark price (HPM).

The Indonesian Filament Yarn Producers Association (APSyFI) accused the government of bowing to “import mafia” interests at the expense of local producers of similar goods who are struggling to survive.

In a letter dated August 20, the regulator said it received 414 reports of the issue in various Honda and Acura vehicles' 3.5-liter V6 engine.

Indonesia’s life insurance industry posted higher revenue in this year’s first half as premium collection increased while claims declined.

Massive transformation and digitalization of banking services requires the strengthening of information security and consumer protection to withstand the high potential of cyberattacks.

Coal accounts for around half of China's power generation, down from three-quarters in 2016.

Global central bankers gathered at a US mountain resort over the weekend are starting to fear that the political storm surrounding the Federal Reserve may engulf them too.

The Trade Ministry on Monday urged the European Union to immediately remove countervailing duties on biodiesel imports, after the World Trade Organization backed the Southeast Asian country on several key claims in a complaint to the trade body.

President Prabowo Subianto has suggested that Daya Anagata Nusantara (Danantara) will play a big role in his short-term plan to balance the budget, but critics say that runs counter to the state asset fund’s design.

Indian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say.

President Donald Trump said on Friday his administration will conduct a "major" tariff investigation on furniture entering the United States, a step toward imposing higher duties on a sector already seeing tariff-fueled price increases.

The Finance Ministry has pledged to continue disbursing fiscal incentives for the housing sector in 2026, allocating Rp 3.4 trillion (US$208 million) for a value-added tax (VAT) waiver on home purchases.  

Indonesia brought the dispute to the WTO in 2023, alleging that the EU's imposition of duties on imports of biodiesel from the Southeast Asian nation broke the body's rules.

Experts point to waning interest from corporate sponsors, especially SOEs that have “reallocated budgets” to programs more closely tied to government priorities, as a key driver behind the wave of festival cancellations.

BMS Foods says it has suspended all production and shipments to the United States pending investigations by Bapeten, BRIN and the Maritime Affairs and Fisheries Ministry.

One of the key arguments for stablecoin adoption is its potential to reduce remittance costs for Indonesian migrant workers abroad.

Stocks in Asia edged higher in a shaky start on Friday as anxious traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium.