India, which had sought concessions on agriculture, had blocked the extension but reversed course after a request from host United Arab Emirates, leaving the two-year extension as the only significant outcome from the meeting.

The Rp 1.2 trillion (US$76.3 million) plant owned by PT Kaltim Amonium Nitrat (KAN) can produce 75,000 tonnes of ammonium nitrate a year.

The Southeast Asia’s largest economy hopes to attract more investment and trade deals by becoming OECD member.

Indonesia would have to undergo a comprehensive review by 23 OECD committees and would need the unanimous consent of all 38 member-states before it is allowed into the hallowed club. 

Government projections point to a sharp increase in the gap between state expenditure and revenue this year amid massive spending on social aid and subsidies.

Debt-for-nature deals, where government borrowers swap loans for cheaper debt underpinned by credit guarantees from multilateral lenders and commit some of the savings to environmental conservation, are rare but growing.

A cabinet meeting on Monday reportedly included discussions on the aspirational programs of Prabowo Subianto, indicating the outgoing administration's accommodative approach to President Jokowi's likely successor.

Indonesia is expected to implement sweetened drink tax this year.

However, this excludes ministers and the president, who would still maintain use of state-provided service vehicles.

The new taxonomy includes the construction of some coal-fired power plants in the Transition category.

Meta says it understands that it will not be required to pay for news content voluntarily posted by news publishers.

The government has slashed its target for relocating high-ranking civil servants this year by nearly half to 6,000, from an initial figure of 11,916.

The government is preparing implementing regulations that will enable incentives for carbon capture storage (CCS) projects in the country, following the issuance of Presidential Regulation No. 14/2024.

Finance Minister Sri Mulyani Indrawati has issued a regulation providing more value-added tax (VAT) discounts for purchasers of electric cars and buses in 2024.

TikTok had been forced to close its relatively new e-commerce service, TikTok Shop, in Indonesia after the country banned online shopping on social media platforms last year, citing the need to protect smaller merchants and users' data.

Indonesia ranks high for per-capita food waste.

The rule brings Indonesia in line with Australia and Canada, which have enacted similar publishers’ rights policies.

The campaign team for Prabowo Subianto and Gibran Rakabuming Raka has toned down public expectations about one of its key election promises, explaining that the free lunch and milk will initially be handed out only to children in disadvantaged rural regions.

China's central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to boost its flagging growth.

The plans announced at an industry summit on the eve of the Singapore Airshow aim for all departing flights to use 1 percent sustainable aviation fuel (SAF) from 2026, rising to 3-5 percent by 2030, subject to global developments and the wider availability and adoption of SAF.

Apindo says Indonesia is still not entirely capable of sourcing all of its inputs domestically, thereby imports of some raw materials are still necessary.  

Under the plan, announced by Chee Hong Tat at the Changi Aviation Summit on the eve of the Singapore Airshow, the country aims for a 1 percent SAF target from 2026 and plans to raise it to 3-5 percent by 2030, subject to global developments and the wider availability and adoption of SAF.

Singapore has become the first country to embark on a cross-border collaboration on carbon capture and storage (CCS) with Indonesia.

Prabowo has been advised to review costly fuel subsidies, which reached Rp 500 trillion ($32 billion) last year, to ensure only the poor would benefit, but it was unclear if the defence minister would take the suggestion, the vice-chair of his campaign team Eddy Soeparno told Reuters.

The finance minister said there was nothing irregular about automatic adjustments in the state budget, saying that the government had used the fiscal mechanism since 2022 to cover urgent and unexpected spending.

National Food Agency (Bapanas) head Arief Prasetyo Adi said the distribution of rice aid resumed on Thursday, one day after the election.

Ministers from across the globe are convening for a World Trade Organization meeting in Abu Dhabi between Feb. 26 and 29 to try to broker deals, including on reforming its hobbled dispute system and cutting fishing subsidies.

The province began imposing a 150,000-rupiah tax on arriving tourists Wednesday to preserve the culture of the island, officials said.

Lifting the ban would contradict the government’s “blue economy” agenda and Indonesia could face difficulties with its downstream push in the fisheries sector.

Retailers will not comply with future government-led cheap food programs until the government pays up for a previous program.