Despite the President’s pledge to make Indonesia self-sufficient in sugar production, the country remains one of the top sugar importers.

An additional surcharge would impede the aviation industry’s recovery after the blows dealt by the COVID-19 pandemic.

The report by four NGOs alleges the ADB loan given in 2021 to Indonesia's state power company to fund its ten-year business plan and "promote the use of clean energy" has no clause blocking spending on new coal facilities.

The government’s plan to collect a fee by hiking airfares faces a backlash from tourist industry players, who deem such a surcharge counterproductive and unethical.

The spatial planning ministry plans to crack down on illegal, unsafe buildings dotted across the popular mountain resort area in Bogor, in collaboration with local administrations and in consultation with affected residents.

Cooking oil producers and retailers may finally see compensation payouts by October, the deadline the Trade Ministry has set to finally settle the government's long overdue debt after years of pointing fingers.

The Indonesian Chamber of Commerce and Industry (Kadin) has expressed respect for the Constitutional Court decision and called on all sides to focus on political stability for the sake of economic growth.

Despite the potential benefits of increasing financial inclusion in the country, regulators need to pay attention to data privacy concerns emerging from innovative credit scoring (ICS).

A prominent player in the semiconductor industry for decades, Malaysia accounts an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch.

Idul Fitri appears as a two-day national public holiday in the Indonesian calendar, yet the country seems to come to a standstill for a week or more. The reason for this is cuti bersama (collective leave), or days off declared by the government but which many private-sector workers do not get to enjoy.

Foreign minister Retno said the President had met with her Chinese counterpart on Thursday to discuss economic cooperation between their two countries, including Whoosh and the joint feasibility study initiated late last year on extending the HSR track to Surabaya.

Following widespread protests, it appears the government has decided to backtrack on the baggage restrictions it issued in March by reinstating the previous provisions on personal imports.

The government said flights between Indonesia and the Middle East were operating as usual, and no orders had been issued to either suspend or reroute any.

Mining superpower Australia on Thursday announced a US-style scheme to pour public money into manufacturing and clean energy industries, joining the global race to build a cleaner and more resilient economy.

According to the government, the import restrictions are necessary to help boost domestic manufacturing capabilities as a means to tackle the trade deficit, especially in the electronics industry.

Following lackluster investment realization as businesses took a "wait and see" approach in the lead-up to the 2024 election, the government is planning to push foreign investors to make good on their IKN commitments once the election dispute is settled.

The ministry has only approved budget plans (RKABs) from 15 companies that account for 65 percent of the overall mine production capacity in 2023, which stood at around 74,000 tonnes of tin ores.

New import restrictions are roiling supply chains and causing concern among companies including foreign investors in the automotive and electronic industries, who are warning of stockouts and temporary production stoppages.

The US company is now in the process of applying for the ISP and VSAT licenses it needs to offer its satellite internet services to customers, according to the communications ministry.

The meeting, set for Tuesday afternoon, comes ahead of an April 24 gathering scheduled for the victims' families themselves to confer with Justice Department officials.

President-elect Prabowo Subianto will be sworn into office in October in what is to then be the national capital city of Nusantara.

Media experts say government support through regulations and budget spending is crucial to ensure a level playing field amid increasingly dominant tech platforms, but the industry must adapt as well.

While the Trade Ministry's 2021 regulation contains provisions on foreign goods brought in as carry-on items, the amended restriction policy covers more types of goods and additional details as to quota and value per passenger, but lacks clarity on what travelers can and cannot do.

Verified losses amounted to Rp 474 billion (US$29.8 million), according to independent surveyor PT Sucofindo.

The OJK also stated that it could mandate that firms offering new fintech business models register in the program.

The government also claimed the selection of PSN projects was free of conflict of interest and was carried out accountably.

The initial purpose of rural lenders, namely to serve small businesses, has been hampered by the broader market coverage of major banks and digital financial services, experts say.

Another online uproar erupted over the weekend after a video from the Kualanamu International Airport customs and excise office tried to explain about controversial regulations on carry-on goods for those traveling abroad. 

Critics point to a potential conflict of interest, given the benefiting companies’ support for the development of the future capital city.

Tax revenue for the year to March 15 fell 3.7 percent year-on-year (yoy), the Finance Ministry has said, largely a result of companies seeking tax refunds for worse-than-expected business performances last year.