The scheme will offer interest rates as low as 0.5 percent to regional administrations with eligible projects and will be channeled through state-owned infrastructure financing firm PT Sarana Multi Infrastruktur (SMI).  

A new regulation allowing regional administrations and region- or state-owned enterprises (SOEs) to borrow money from the central government entails opportunities for local authorities but also poses risks to fiscal discipline, economists say.

National and regional wage councils are set to play a central role in shaping the formula used to determine minimum wages for next year, unlike last year, when the President himself decided how much wages should rise.

A new safeguard duty on imported cotton yarn aims to protect local spinners from cheap imports, but the garment industry has warned that costlier materials will hurt its competitiveness in global markets.

After the roadmap is published, ministries and agencies will be required to draft their own AI guidelines, as detailed enforcement will fall under sector-specific regulations.

Any loan will be funded by the central government's budget, must be approved by parliament and must have a tenure longer than 12 months.

A new presidential regulation is slated to offer greater protection for ojol and introduce fare rules for on-demand transportation services, according to the state secretary, following wave of violent protests.

Bank Indonesia (BI) plans to roll out additional macroprudential liquidity incentives (KLM) on Dec. 1 through new disbursement schemes to boost sluggish credit growth and expedite the pass-through of central bank rate cuts to commercial banking rates.

The new cooperation agreement expands flight frequencies, routes and destinations between the two countries and increases opportunities for codeshare arrangements, crew recruitment and maintenance partnerships.

As President Prabowo Subianto declares Indonesia “self-sufficient” after just one year in office, farmer groups warn that shrinking farmland may soon undercut that achievement, urging the government to prioritize land protection and structural reform over costly expansion programs.

The Indonesian Tourism Industry Association (GIPI) has criticized the recently passed tourism law for removing the group’s formal recognition as the representative body for businesses in the tourism sector.

Brazil is the world leader in the use of sugarcane-based ethanol as car fuel, with its national mandatory blend reaching as high as 30 percent.

Funded with a budget of Rp 8 trillion, the government is rolling out a training program for 500,000 workers as a key initiative under a new task force responsible for accelerating strategic programs.

The European Commission proposed a further softening of the EU anti-deforestation law on Tuesday, relieving the reporting burden for many smallholders and businesses in select countries but stepping back from delaying the world-first green policy by another year.

Ethanol can be produced from sugarcane, cassava or corn. Agriculture Minister Amran Sulaiman said preparing 1 million hectares of agricultural lands to cultivate the commodities was a directive from President Prabowo Subianto.  

The government has set its sights on turning Bali into a global financial hub as it seeks to move forward with the family office plan thought up by the previous presidential administration, but there are doubts as to whether the resort island is cut out for such a role.  

The Finance Ministry is investigating the accumulating savings of regional administrations that it sees as contradicting regional leaders’ recent complaints about reduced central government transfers.

Li, during a visit to Washington in August, had allegedly threatened that "China would unleash chaos on the global system if the US went ahead with our docking fees for Chinese ships", Bessent said in an interview with media outlet CNBC on Wednesday.

Through policy decrees and institutional restructuring, Prabowo has tightened the state’s authority over fiscal resources and assets, as evident in his push for a more active role for state-owned enterprises (SOEs) in key industries and top-down approach to welfare.

The government is rolling out another stimulus package worth Rp 30 trillion for the fourth quarter, primarily focusing on cash transfers and graduate internships.

Amid the escalating trade war between the US and China, the former senior minister emphasized that Indonesia must “show dignity” as a sovereign nation by not bowing to pressure from Washington.  

The government’s plan to blend 10 percent ethanol into all gasoline faces uncertainty as key ministries offer conflicting timelines and targets, reflecting internal disagreement over the policy.

The finance minister plans to postpone enforcing a withholding tax on e-commerce transactions, but not everyone is on board with that decision.

Indonesia has long struggled to lift its tax-to-GDP ratio beyond the 10 percent mark, with the figure worsening from 10.3 percent in 2023 to 10.08 percent last year.

Until the halt, Indonesia was one of the biggest suppliers of carbon credits to the international market, mostly through the REDD+ reforestation scheme.

The Industry Ministry is drafting a new regulation that will compel all industrial estates and factories across Indonesia to regularly report radiation survey results in response to the discovery of the radioactive isotope Cesium-137 (Cs-137) in the Cikande industrial area in Banten.

Manpower Minister Yassierli said the ministry had issued a circular on Monday for local governments to help increase company participation in the effort.