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View all search resultsThe government has said it will not renew the incentive scheme, which since 2024 has allowed automakers to import completely built-up (CBU) EVs without paying import duties, luxury tax or value-added tax (VAT).
4 hours agoExperts view the empty minister’s seat as evidence of the ministry’s waning purpose, as many of its former responsibilities have moved to Danantara, the country’s state asset fund now in charge of nearly 900 state firms. ...
14 hours agoBank Indonesia (BI) has cut its benchmark interest rate in a surprising move hours before its United States counterpart is expected to reduce borrowing costs in the US as well. ...
1 day agoThe government has finally confirmed an extension to the HGBT subsidy program, but at higher rates of $7 per MMBtu for power plants and $6.5 per MMBtu for industrial use, citing rising global prices of the commodity.
7 months agoThe government aims to increase the 2026 free meals budget nearly six times from this year's initial figure of Rp 71 trillion to cover around five times this year's target of 17.5 million recipients, while it looks for an extra Rp 100 trillion to fund the program until the end of 2025.
7 months agoThe energy and mineral resources minister has said the government will not intervene in lowering the cost of financing and that downstream projects could bring a much earlier break-even point and better returns than other projects.
7 months agoThe global minimum tax aims to prevent a race to the bottom where countries outdo one another by lowering taxes for multinational companies, but it means Indonesia must rely on other incentives to lure investors. However, the effectiveness of the arrangement is in doubt after United States President Donald Trump declared it “has no force or effect” in the US.
7 months agoThe Financial Services Authority (OJK) has explained new rules for innovative credit scoring (ICS) to assess the creditworthiness of people and small businesses that lack traditional credit histories.
7 months agoThe budget, proposed by the Nusantara Capital City (IKN) Authority, would include allotments to build legislative, judiciary buildings and other facilities as well as to fund building maintenance.
7 months agoDeputy Industry Minister Faisol Riza said Trump’s tariff policies were likely to push Chinese businesses to shift operations to Southeast Asia to maintain access to the United States market.
7 months agoComing from a Qatari private entity, the investment is estimated at US$16,000 to $20,000 per apartment unit.
7 months agoIndonesia opened its carbon exchange to international buyers on Monday, aiming to raise funds to help meet ambitious domestic climate goals.
7 months agoAustralia will reward power-guzzling aluminum smelters that use renewable electricity instead of coal, Prime Minister Anthony Albanese said Monday as he unveiled a US$1.2 billion green metals plan.
7 months agoThe Jakarta branch of the Indonesian Chamber of Commerce and Industry (Kadin) said that the government’s plan to stop issuing new groundwater extraction permits to businessmen in the Greater Jakarta area is expected to badly impact businesses.
8 months agoBali and other cities in Indonesia have either ceased or reduced their transportation services due to a lack of funding from central and local governments.
8 months agoThe energy minister says the government is thinking of pulling the operating permits of oil and gas companies with idle projects to accelerate domestic output by 2030 as part of a broader strategy to reduce the country's reliance on costly imports.
8 months agoPension age hike could result in a longer “waiting period” for workers who retired before the age of 59, delaying their access to the state-run pension program’s benefits.
8 months agoBI Governor Perry Warjiyo says the central bank's unexpected decision to cut rates this month was driven in part by reduced uncertainty surrounding the US policies of the incoming Trump administration.
8 months agoThe push to build 3 million houses and apartments per year has already attracted investment interest from China, Qatar and the United Arab Emirates (UAE).
8 months agoPresident Prabowo Subianto has prohibited the conversion of rice fields for residential use as the government seeks to prevent a further reduction in plantation acreage while pushing ahead with its massive housing program.
8 months agoIndonesian businesses have expressed concern over a new regulation on export receipts (DHE) that they say disrupts their cash flow and ultimately jeopardizes their global competitiveness.
8 months agoAccording to the 2025 state budget, the government has set a Rp 3.08 trillion (US$190.3 million) revenue target from the excise on sweetened beverages, much lower than the Rp 4.3 trillion stipulated in the 2024 state budget.
8 months agoIt is not clear what changes the government would introduce, but some businesses are in favor of reviving the import restrictions introduced in past regulations.
8 months agoHowever, a WTO panel found certain deficiencies in how the challenged measures had been prepared, published and administered.
8 months agoIndonesia generated 69.9 million tonnes of waste in 2023, according to Environment Ministry data. Yet it was estimated 57 percent of waste were managed informally through burning or burial due to inadequate facilities.
8 months agoThe DEN says the upcoming implementation of the GovTech integrated platform, which is expected to go online in August, could link tax compliance with an individual's eligibility for certain public services, such as passport issuance and business licensing.
8 months agoIndonesia has been pilot testing the use of ammonia and hydrogen in power generation, but remains limited to only partially replacing the coal used in power plants, a method known as co-firing.
8 months agoThe property consultancy expects the government's move to extend the property VAT incentive through 2025 will have minimal effect on overall apartment purchases this year.
8 months agoIncentives are critical to encouraging producers to ramp up production and investing in a more efficient processing technology, the Indonesian Chamber of Commerce and Industry (Kadin) said.
8 months agoA ban on imports of industrial salt would hamper domestic production, while a prolonged disruption may prompt businesses to relocate their operations abroad.
8 months agoWithout the cap, seven industries would need to pay for gas at a much higher market rate.
8 months agoMore than 1.18 million Chinese tourists came to Bali in 2019, second only to Australia at 1.2 million, according to Statistics Indonesia (BPS).
8 months agoThe government plans to plant rice side by side with sugar palms, energy crops or other plants with an intercropping system.
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