Katsunobu Kato, Japan's former health minister and a candidate running in the ruling party leadership race, on Tuesday called for compiling a stimulus package to fund spending to boost domestic investment and revitalize regional economies.

The proposed program would require workers earning above a certain amount to enroll in an additional pension fund program.

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said the moratorium could last five-10 years if the need arose, based on the government's assessment of current conditions. 

Hippindo has urged the government to consider tighter supervision and enforcement at ports of entry to tackle illegal imports, arguing that the Industry Ministry's plan to shift the destination zone to eastern Indonesia might only pass higher logistics costs on to consumers.

The government has allocated Rp 109.62 trillion (US$7.1 billion) worth of buffer funds, which were initially earmarked as reserves for education, transfers to regions and general purposes, to finance president-elect Prabowo Subianto’s costly Quick Win programs.

Experts believe that investors may only agree to invest in LCS projects if offered significant discounts, potentially leading to financial losses for the country.

This move will see a new Housing Ministry split from the current Public Works and Housing Ministry as Prabowo seeks to position the housing sector as a linchpin of economic growth under his presidency.

Musk has argued that Supreme Court Justice Alexandre de Moraes was trying to enforce unjustified censorship, while the judge has insisted that social media needs hate speech regulations.

Foreign arrivals in Bali have surged since the island reopened after COVID-19, and videos of misbehaving tourists often go viral, angering local residents and sparking harsh responses from social media users in Indonesia.

Finance Minister Sri Mulyani Indrawati has said that fiscal and monetary stimulus alone cannot boost Indonesian economic growth and instead should implement more structural reforms.

Industry association Asaki has made its case at a meeting with House Commission VI on Monday, saying that PGN's move in August to cut the subsidized gas allocation to just 50 percent had led to increased costs for producers, as they had to source additional supplies at market prices.

The government has signaled that it will enact subsidized fuel restrictions, but it has yet to make a decision on the matter.

The industry minister has told a House commission meeting that it was his office's duty to protect domestic industries against any negative impacts on their competitiveness from the planned carbon tax.

The government hopes new rules for gross split production-sharing contracts will lure more oil and gas investment to Indonesia, but experts say it may not be enough to significantly improve investment in the sector.

The transportation minister says the government plans to offer discounted prices for on-demand drivers in anticipation of its new subsidized fuel restrictions, due to kick in on Sept. 1.

Domestic firms want to see the state commit more funds to the future capital city before they themselves feel confident about investing, as they believe the megaproject’s development remains heavily dependent on fiscal support.

Finance Minister Sri Mulyani Indrawati said the government was still developing carbon tax regulations, covering aspects like legislation and economic readiness.

The ministry set a 901 megawatt (MW) nationwide limit for rooftop solar panel installation this year. Less than 90 MW of that quota remains.

New Zealand said on Monday it would pass laws by the end of this year to reverse a ban on offshore oil and gas exploration, and take urgent steps to remove regulatory hurdles to import liquefied natural gas (LNG) amid energy shortages.

Kamala Harris's price gouging policy has been criticized by economists and analysts, who say it is an uncompetitive proposal that could end up hurting, and not helping, US consumers.

The government has proposed turning illegally imported goods into industrial fuel for factories due to budget constraints that prevent it from destroying the contraband, but the idea has drawn a sharp rebuke from critics and industrialists, who say such a move could be burdensome rather than beneficial.

The carriers mostly stopped transiting Afghanistan, which lies on major routes between Asia and Europe, three years ago when the Taliban took over and air traffic control services stopped. 

The sections in question are expected to be completed by December and ready for open bidding next year.

As many as 13 coal-fired power plants have a total capacity of 4.8 gigawatts (GW) and generate 66 million tonnes of carbon emissions, and some of them will naturally shut down by 2030 without intervention.

The President has signed a new regulation that now grants direct leaseholds of up to 95 years in the government's bid to attract private investors to foot around 80 percent of the megaproject's estimated US$35 billion bill.

Local industry players worry easing import and local content rules would make projects opt to procure solar cells and modules from abroad instead of using those domestically made.

Straight out of the blocks, the new BPOM head has announced a presidential initiative to lower medicine prices in Indonesia, which he said were up to four times higher than those in neighboring countries.

The China Association of Automobile Manufacturers (CAAM) said it firmly opposes a revised draft from the European Union on punitive tariffs for Chinese made electric vehicles.

Business leaders have commended the appointment of Rosan Roeslani as the new investment minister, pointing to the former diplomat’s long experience in business and in representing business interests.

The Finance Ministry has abandoned a plan to enforce an excise on plastic products starting next year but still wants to go ahead with a tax on packaged sweetened beverages.