Agriculture Minister Andi Amran Sulaiman said on Tuesday that the government planned to cut CPO exports by 5.3 million tonnes annually, starting next year, as part of the biodiesel program.

Asian equities diverged Wednesday after another unremarkable day on Wall Street, where rising bond yields and comments from Federal Reserve officials dampened expectations for US interest rate cuts.

Public Housing and Settlements Minister Maruarar Sirait is considering the use of state-owned land, including seized plots and transit spots, for public housing as land acquisition has become a key concern for property development.

International rating agency S&P Global Ratings has given a fairly high environmental, social, and governance (ESG) rating score for Indonesian technology group PT GoTo Gojek Tokopedia Tbk (GOTO).

The IDX Composite index rose for the eighth consecutive day on Tuesday, closing 16.38 points higher at 7,788.9.

Without a robust communication infrastructure, experts warn, Southeast Asia’s biggest economy will fall behind regional peers in industries that demand high-speed, low-latency connectivity.

Budi Santoso, who has been promoted from trade secretary-general to minister, is aiming to produce the IEU-CEPA during his first 100 days in office under a new target to conclude talks by the end of this year, the umpteenth deadline announced since negotiations on the deal began in 2016.

Less than two years after President Joko “Jokowi” Widodo issued Presidential Decree No. 17/2023 on the declaration of the end of the COVID-19 pandemic, economic activities have returned to normal despite lingering geopolitical tensions and a global economic slowdown.

Micro, small and medium enterprises (MSMEs) have been in the limelight throughout the 10 years of President Joko “Jokowi” Widodo’s administration, with the Directorate General of Taxation of the Ministry of Finance taking concrete steps to reinforce their venture performance.

Indonesian President Prabowo Subianto wants to establish a new investment agency that would become a holding company for state investments, similar to Singapore's Temasek, the official named to head the proposed firm said on Tuesday.

The newly appointed coordinating food minister is looking to the easternmost region of Papua to shore up the country’s scarcity of arable land and to bump up production to achieve food self-sufficiency.

Microsoft has moved fast in pushing generative AI technology to everyday users, largely using the models from its $13 billion partnership with OpenAI, the maker of ChatGPT.

"We estimate that approximately 30-40 metric tonnes of slop, which is a mixture of oil and water, was leaked into the sea," the company said in a statement, adding that it was working with all relevant authorities to manage the clean-up effort.

The conditional approval for the project, which is expected to be operational after 2035, recognises the technical and commercial viablity of the Sun Cable project, the EMA said.

Several recent polls have shown the possibility of the ruling coalition losing its majority in parliament, which could cost premier Shigeru Ishiba his job or force his Liberal Democratic Party (LDP) to look for an additional coalition partner to stay in power.

The OJK has revoked the license of homegrown P2P lender Investree, which faces a host of problems including fraud allegations and legal action against its founder, who has been slapped with the regulator's maximum sanctions and ordered to return to Indonesia.

Asian stocks turned lower and the dollar stood by multi-month peaks on Tuesday as a sharp sell-off in bonds and a jump in gold suggested investors are hunkering down ahead of the US election.

Indonesia’s stock market outperformed most of the region on the day after President Prabowo Subianto assumed office and unveiled a cabinet that signals a high degree of continuity in economic policies.

As part of a structural overhaul, the ministry will also establish a dedicated undersecretary position focused on youth services.

The IDX Composite index gained 0.16 percent to close at 7,772.60 on Monday, after dipping earlier in the morning following President Prabowo Subianto’s inauguration on Sunday.

The Energy and Mineral Resources Ministry is “reevaluating” its plan to enforce a moratorium on the construction of rotary kiln-electric furnace (RKEF) nickel smelters.

Previously, the three sectors were overseen by Luhut Pandjaitan in his role as coordinating investment and maritime affairs minister under former president Joko “Jokowi” Widodo.

The World Bank aims to boost lending capacity by $30 billion over 10 years. The IMF cut surcharges, lowering the cost for the most overstretched borrowers by $1.2 billion annually.

This is not the first time Bahlil has criticized the electricity export plan. He made a similar statement opposing the idea in 2022, when he was still the investment minister, leading to a inter-ministerial clash over the clean power export plan.

China's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy.

Tenggara Strategics, in collaboration with the Centre for Strategic and International Studies (CSIS) Indonesia, hosted a public discussion and unveiled a study titled "The path of culture: Economic, social and environmental impacts," which highlights the vast contributions of Indonesia's rich cultural assets.

The Beijing Stock Exchange will help small and medium-sized tech companies with training and access to finance so they can list on the bourse, it said on Sunday, as part of government plans to foster innovation.