Transparency from the outset to allay foreign investor's concerns is key to the success Danantara's plan to issue bonds, analysts say.
7 hours agoThe government has shared plans to ease import rules for certain goods, but the measures presented on Friday appear to exclude key export commodities from the United States as bilateral trade talks aimed at averting US tariffs have yet to conclude. ...
3 days agoIndonesia’s Trade Ministry says it will carefully “monitor” Malaysia’s antidumping duty imposed on Indonesian plastic goods and may bring the matter to the World Trade Organization (WTO) “if necessary”, while experts urge swift action to protect domestic industries. ...
4 days agoProtections for online consumers, digitalization of customs procedures and recognition of electronic signatures figure among the measures laid out in the text aimed at promoting and facilitating digital transactions.
9 months agoThe government is considering a suspension of the luxury goods tax on car purchases to aid the flagging automotive market.
9 months agoCISDI pointed on Wednesday to a trial in Sentul, West Java, which provided school children with ultra-high temperature (UHT) milk containing 25 grams of sugar. Health experts have suggested children's daily intake should be less than 25g.
9 months agoBrazil's vision for a global deal to tax the ultra-rich sparked divisions Thursday at a meeting of G20 finance ministers in Rio de Janeiro, where Washington dismissed the need for an international accord on the matter.
9 months agoA senior Finance Ministry official said “Indonesian people are actually quite rich” given that concert tickets were frequently sold out in the country and claimed that many people even went overseas to attend international concerts.
9 months agoThe government is putting together a study on the planned US$60 billion mega seawall project along the northern coast of Java in a bid to address land subsidence in Jakarta and protect coastal communities from rising sea levels due to climate change.
9 months agoEnergy ministry secretary general Dadan Kusdiana said the 47 coal plants would add to the 99 existing participants in the carbon trading program, all of which joined last year.
9 months agoIndonesia is the world’s second largest coconut producer after the Philippines, and the country is seeking to replicate the success of downstreaming crude palm oil, of which it is the world’s largest producer.
9 months agoCoordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has said that arbitration rules modeled after Singapore’s would create legal certainty to attract more investment, including family offices, to Indonesia.
9 months agoPertamina has not purchased Russian oil for years, having taken a step back since the start of Russian-Ukraine military conflict in 2022, though Indonesia did not join Western sanctions against Russia.
9 months agoThe government has launched an online tracking system for nickel and tin shipments to increase state revenue and improve governance in the mining sector.
9 months agoThe Transportation Ministry has announced plans to “revise” rules on the service life of public transportation vehicles including intercity and tourism buses following recent accidents.
9 months agoThe government aims to bring down the sulfur content in fuels sold in the country to no more than 50 parts per million (ppm), from the current approximately 500 ppm for gasoline and up to 3,500 ppm for the lowest grade of diesel.
9 months agoThe Trade Ministry has defended high import duties on ceramic products but admits there are concerns that local producers might seize the opportunity to raise the prices of ceramic tiles.
9 months agoThe government is mulling over a plan to require drivers to pay for an insurance premium called third-party liability (TPL), as part of a larger effort to boost the financial sector’s growth.
9 months agoThe government plans to replace subsidized fertilizer with direct cash assistance for farmers with the full implementation expected to begin nationwide starting in 2026.
9 months agoChinese exporters are shipping goods to Indonesia via India and Vietnam to evade safeguard measures imposed by Jakarta, an official representing the Industry Ministry has claimed.
9 months agoThe energy and finance ministries are discussing potential geothermal incentives, including tax cuts, as a way to attract more investors to achieve its ambitious energy transition goals.
9 months agoApindo says it has made several suggestions to the government on revising the Tapera program, but cautioned that any revision was likely to take time since they would need to involve the incoming legislature.
9 months ago“Hopefully within one or two weeks, the regulation will be issued,” the Indonesian Trade Security Committee (KPPI) said.
9 months agoA member of Prabowo Subianto’s Gerindra Party who also heads the president-elect’s transition team has denied a report about alleged plans of the incoming administration to revise the State Finance Law.
9 months agoExperts believe the move, which currently remains under deliberation, could play into inflation and reduce people’s purchasing power, thereby risking shock to the economy.
9 months agoFood and beverage industry association Gapmmi is suggesting that the government impose a voluntary national standard for sugar content in sweetened beverages, rather than mandatory SNI certification.
9 months agoIndonesia's airfare prices are among the highest in the world according to Coordinating Maritime and Investment Minister Luhut Pandjaitan. High prices have also been blamed by local businesses for hampering the recovery of the country’s tourism sector.
9 months agoTraffic in its satellite cities within Greater Jakarta area has become increasingly worse over the past years, including South Tangerang, which took roughly an hour drive from the capital’s city.
10 months agoThe government has softened its rhetoric after threatening to impose antidumping tariffs of 200 percent on imported ceramic products, but after a probe ended earlier this month, it remains unclear which importers will be subject to which tariffs.
10 months agoAirlangga Hartarto announced on Wednesday that the government, on the President's instruction, would be establishing a new department at the BPDPKS to oversee development of the cacao and coconut industries.
10 months agoThe government has mulled restricting the purchase of subsidized fuel since 2022 but the plan was delayed amid concerns it would impact the purchasing power of Indonesians.
10 months agoSandiaga said on Monday that the endowment fund would be prioritized for large scale events and those deemed to produce low carbon emissions and to promote better waste management.
10 months agoThe government has decided to extend the 2020 subsidized natural gas program for industries and is also mulling over expanding eligible industry categories, although IPGI has asked that the program be evaluated since it benefited only downstream businesses.
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