In yet another delay to the multibillion-dollar megaproject, President Jokowi has postponed issuing a decree formalizing Nusantara's status as the nation's new capital due to lack of progress on key infrastructure.

In its plan to establish Bali or the future capital as a global hub for family offices the government must be cautious to prevent money laundering, experts urge.

The Public Works and Housing Ministry infrastructure development at Nusantara will have to be suspended ahead of Aug. 17.

The Trade Ministry says it will conduct a wide-ranging investigation into seven industries that have suffered heavy job losses in recent months, including textiles and apparel, before making any decision on possible protective tariffs.

The government removed articles on power wheeling from the bill in November 2022, but later revived the plan in November last year.

The government implemented the policy in 2021 and has extended the policy ever since with a mix of full and half waivers.

The Trade Ministry has defended ministerial regulation No. 8/2024 as a measure to speed up import processing and prevent the kind of build-up of freight containers observed a few weeks ago at Indonesian seaports.

Indonesian manufacturers are calling on the government to cut the tax imposed on imported raw materials for making medical devices, which they say have undercut their competitiveness by making it cheaper to import foreign-made equipment.

Coordinating Economic Minister Airlangga Hartarto announced plans for the program’s resumption on June 24, citing a request from President Joko “Jokowi” Widodo. The program was previously extended three times before expiring at the end of March of this year.

The Industry Ministry continues to point to a recent Trade Ministry regulation for the country’s weakening manufacturing PMI, even as other Asian peers saw stronger performance in the May-June period.

The tourism minister has called for calm as criticism mounts against the American musician's upcoming Jakarta concert in September, urging the public to leave politics out of the creative economy.

GINSI has warned that the new policy could have the unintended effect of closing down law-abiding importers while increasing smuggling activities.

Indonesian Geothermal Association (INAGA) secretary-general Riza Pasikki deemed PLN’s terms and conditions “were not attractive enough” to bring in prospective investors to develop geothermal working areas in the country.

If left unsolved, this could discourage foreign direct investment (FDI) as it extends the timelines beyond what investors are willing to accept while increasing the risks to their capital.

The doctrine, among the most important principles in administrative law, arose from a 1984 Supreme Court ruling involving oil company Chevron. Conservatives and business interests had opposed it while liberals, favoring robust corporate regulation, championed it.

The precedent the court overturned arose from a ruling involving oil company Chevron that had called for judges to defer to reasonable federal agency interpretations of US laws deemed to be ambiguous. This doctrine, long opposed by conservatives and business interests, was called "Chevron deference."

Initially the government limited the licenses to coal deposits previously controlled by miners holding work contracts (PKP2B) because other minerals were considered more difficult to extract.

Trade Minister Zulkifli Hasan has announced measures against imported textile goods as the government seeks to protect struggling domestic manufacturers.

The government’s plan to ban seaweed exports is expected to hurt domestic producers of the commodity by causing excessive supply and declining prices.

Previously there were many cases when event organizers received their license just a day before the due date or even just hours before the event started. 

The provisions focus on simplifying transfer pricing policies to avoid tax avoidance loopholes, especially those used by multinational corporations.

The government would introduce a domestic market obligation (DMO) in the upcoming regulation.

Local property firms coined an idea to build foreign-themed townships like Koreatown and Middle East town, in a bid to attract investment for the future capital city.

The United States has called on the European Union to delay a ban on imports of products driving deforestation, saying it would harm American producers unable to comply, the European Commission said Thursday.

The payable was for a fertilizer subsidy provided for farmers from 2020 to April this year. 

REI has asked the government to increase the subsidized housing for this year, given that the market had absorbed 48 percent of the originally allotted 166,000 units to date and supply would likely run out by September.

The tourism minister says the presidential regulation on a new tourism fund is almost complete and hopes it will be issued before President Jokowi's term ends in October so the fund is up and running by next year to draw more foreign visitors to the country.

Nusantara Airport, initially designated to serve only very important guests of the state , is slated for completion by Aug. 1 with a trial run in July, just in time for the country’s Independence Day flag ceremony, which is also the capital’s inauguration day.

The central bank kept interest rates unchanged after a two-day meeting but announced plans to "reduce its purchase amount of JGBs (Japanese Government Bonds) thereafter to ensure that long-term interest rates would be formed more freely".

In line with a statement made during his shock resignation reveal last Monday, Bambang has now been appointed special presidential envoy for international cooperation for the IKN development project.