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.

Deputy Agriculture Minister Sudaryono has proposed excluding dairy milk from president-elect Prabowo Subianto’s free nutritious meals program, citing inadequate domestic production. 

The budget plan keeps many spending items unspecified, including for the development of the country’s future capital, leaving the details to the administration of president-elect Prabowo Subianto.

President Joko “Jokowi” Widodo says the green economy and Prabowo Subianto’s flagship free meals program will prop up economic growth next year by fueling micro-level business activity and boosting exports.

The current incentives are set to expire on Oct. 8, four years after the government first granted them through Finance Ministerial Regulation (PMK) No. 130/2020.

A senior minister says the government is looking at shutting down Banten's Suralaya coal power plant early to help reduce air pollution in Jakarta, which generally ranges between the third and fourth levels of the six-tier index for air quality.

The arrangement will allow investors to quickly get a return on their investment, the Bali administration has said, adding that this in line with the fact that the project has been fully funded by the private sector from its construction phase.

The outgoing President is planning to hand over the country's finances to his successor on Friday while delivering the annual State Budget Address, which experts will be watching keenly for indications of the incoming administration's policy direction on the economy

The team around the president-elect says a pilot project for the program has consistently used stainless steel food trays rather than disposable packaging.

The finance minister noted that the situation had improved when compared to the 6.19 percent year-on-year (yoy) decline recorded in the first half of the year.

The Energy and Mineral Resources Ministry is aiming for a 1 percent vegetable oil blend in aviation turbine fuel in 2027 as part of a larger effort to reduce the country’s reliance on oil imports and cut national carbon emissions.

The country “cannot wait until the domestic industry is ready”, a government representative said.

As public backlash grows amid daily hardships, the President has said the increased budget for this year's Independence Day celebrations in Jakarta and Nusantara was "justifiable", while certain officials have either deferred questions or dismissed reports on extravagant costs.

A new draft regulation is in the works that will allow the government to audit buildings that waste energy as part of its broader policy to achieve Indonesia's emissions reduction goal.

Indonesia and Japan on Thursday agreed on amendments to an economic agreement to reduce or remove trade barriers, Indonesia said, predicting the revision will boost bilateral trade.

Sandiaga said lowering ticket prices could help increase the spending of domestic tourists and that could compensate the loss of potential revenue from taxing airfare.

The Financial Services Authority (OJK) has widened the coverage of the central credit score database SLIK beyond banks and multifinance firms to include other financial institutions.

This provision will apply to all businesses, including food served in catering services, hotels, restaurants, canteens, street food stalls and vendors as well as importers.

Bali's tourism head has quashed an idea to build a casino in the island province, saying that it did not align with either the Balinese culture or the nation's laws, whereas the local chair of HIPMI, which broached the idea, said the project could enhance equality, create jobs and grow the local economy – so long as Indonesians were banned from partaking in any gambling activities.

Having more than one aviation fuel provider would mean challenging state-owned oil and gas company Pertamina’s monopoly.

Standard Chartered said $20 billion JETP funding “is nowhere near enough” to realize the archipelago’s energy transition programs but that amount served as a “catalyst” to attract more funding from the private sector further down the line.

Opponents of deep sea mining suffered a serious setback Friday when they failed to take a first step toward an international moratorium on the controversial practice.

A change in status has been opposed by US steelmakers, Gulf Coast shrimpers and honey farmers and members of the Congress representing them, but backed by retailers and some other business groups.

In Jakarta and other major cities, it is a general knowledge that housing development has largely favored high-income earners, leading to supply backlogs for low-income earners.

Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan will lead a task force aimed at improving the investment climate in the upstream oil and gas sector.

The ministry, however, said no permits would be issued anytime soon, saying it required several review processes and the selection needed to be done carefully.

The APPBI is asking the government for support in providing incentives for investors to develop shopping centers in the country's future capital, especially considering the limited footfall owing to the city's current small population.

Countries whose exports would be affected would include Israel, Taiwan, Singapore and Malaysia.

Transmission projects are deemed supporting infrastructure, which means that they generate a small return on investment compared with renewable energy plants despite requiring hefty investment.

Wealthy economies provided and mobilized a record $116 billion for climate finance for developing countries in 2022, 40 percent of which came from multilateral development banks (MDBs).