Bank Indonesia (BI) has kept its benchmark interest rate unchanged for a second month after recently decreasing it by 25 basis points (bps) in each of three consecutive meetings. The central bank has revised up its gross domestic product projection for the year.

The Asian Development Bank (ADB) has approved a $470 million results-based loan for state-owned electricity provider PLN to expedite Indonesia’s transition to renewable energy.

United States prosecutors on Tuesday unveiled charges against eight men accused of belonging to a global network that made tens of millions of dollars trading on inside information about the finances and merger plans of numerous companies for years.

The Constitutional Court struck down a legal provision allowing developers in Indonesia’s future capital to hold land rights for up to 190 years, adding uncertainty for investors already wary of the megaproject.

The International Labour Organization is facing a "serious" and "unprecedented" financial crisis as it grapples with dramatic cuts in international funding, its chief warned Monday.

Mining firms are urging the government to revise the domestic coal price benchmark, arguing that rising production costs make the current domestic market obligation (DMO) scheme unviable, even as authorities consider raising the mandatory sales quota.

Based on the latest projections, the Finance Ministry expects to collect less than half of what the state had hoped to secure from tax evaders by the end of the year.

The government’s move to effectively restrict new smelter projects has drawn industry concern over the scope of the smelter moratorium, specifically whether it applies to companies that secured their business licenses before the new rules took effect.

In addition to food provision, BGN is also planning to open more than 8,000 kitchens in remote areas, which would require an extra Rp 14.1 trillion.

Tighter integration between banks, insurers and online travel portals could spur the pilgrim travel economy and give rise to products catering to individual travelers, balancing accessibility with consumer protection.

The government estimates that the poultry farming initiative could create around 3 million direct and indirect jobs over the next four years.

In a regulation signed in June, President Prabowo Subianto redefined the under-construction city of Nusantara as a “political capital”, marking a shift from former president Joko “Jokowi” Widodo’s vision of “global green city” built to international standards to symbolize the country’s transformation by 2045.

The merger process involving PT Pertamina Patra Niaga, PT Kilang Pertamina Internasional and PT Pertamina International Shipping is expected to be concluded by Jan. 1.

The government has put back in motion a long-delayed plan to redenominate the rupiah, likely by cutting off three zeros, but economists warn the plan could cause more problems than it solves.

Indonesia’s central bank currently holds only 80 tonnes of gold, just 5.9 percent of its total reserves.

The ministry summoned representatives of the Indonesian E-commerce Association (idEA), whose members include Shopee, Tokopedia and TikTok Shop, to follow up on President Prabowo Subianto’s order to curb illegal imports.

September's liquidity injection led to state-owned banks cutting their deposit rates by around 50 basis points (bps) and lending rates by around 11 bps, according to the Finance Ministry, which expects this to translate into stronger growth this quarter.

The President also instructed that the high-speed railway project be extended to Banyuwangi, East Java, broadening the expansion plan that was initially intended to reach only Surabaya.  

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.