The Bank of Japan (BOJ) hopes to maintain its 2 percent inflation target even if climate change causes long-term shocks to future price developments, Governor Kazuo Ueda said on Saturday.

Currently, the government has earmarked over Rp 504 trillion for social aid in 2025, the second largest expenditure after education at over Rp 722 trillion.

The energy ministry says the number of biofuel plants needs to expanded by seven to nine new facilities to support the President's aim to roll out the mandatory B50 program in four years' time.

The public works minister met on Tuesday with his predecessor, now the incumbent head of the IKN Authority, to discuss a variety of related matters, including the possibility of relocating the ministry's employees to the new capital being developed in East Kalimantan.

Analysts question how a new sovereign wealth fund will address the public service obligations (PSOs) of certain SOEs included in its portfolio, given that these firms are often instructed by the government to sell products below market prices or take on unprofitable projects.

The US central bank's rate decision should help ease the costs of mortgages and other loans -- welcome news for consumers, who had widely cited the cost of living as a top concern ahead of Tuesday's vote. 

The regulation also scraps import taxes on train part imports and imported components for machinery used by the Defense Ministry. 

The President has called on top government officials to cut travel and ceremonial expenditures to channel more funds to his administration's housing initiative and food security aims, including his signature free meals program.

President Prabowo Subianto has added two new directorate generals to the Finance Ministry – the Economic and Fiscal Strategy Directorate General and the Financial Sector Stability and Development Directorate General.

Australia is trialing an age-verification system to assist in blocking children from accessing social media platforms, as part of a range of measures that include some of the toughest controls imposed by any country to date.

Coordinating Infrastructure and Regional Development Minister Agus Harimurti Yudhoyono has tasked the Spatial Planning Ministry/National Land Agency with forming a land acquisition committee to support infrastructure programs.  

President Prabowo Subianto has inked a regulation on debt relief for individuals and micro, small and medium enterprises (MSMEs) engaged in farming, fishing and plantation sectors.

State-Owned Enterprises (SOEs) Minister Erick Thohir has put forward the idea in support of President Prabowo Subianto’s plan to achieve self-sufficiency in food production.

State-Owned Enterprises (SOEs) Minister Erick Thohir said the ministry, after conducting a review of the project, had concluded it was unnecessary to build the new terminal. The government’s new plan to expand the airport's three existing terminals, Erick said, would cost only Rp 1 trillion.

The KSPI has released a statement announcing nationwide strikes on Nov. 19 and Dec. 24 over the government's failure to comply with the Constitutional Court's 2021 ruling to amend the highly contentious jobs law, as well as its failure to meet workers' minimum wage demands conveyed last month.

A fishing trip in Komodo National Park, East Nusa Tenggara, for instance, saw a surge to Rp 5 million (US$317.68) per tourist from Rp 25,000 previosuly.

Energy and Mineral Resources Minister Bahlil Lahadalia said that the government is currently considering two options: replacing the subsidy entirely with a direct cash transfer (BLT) for those deemed eligible, or partially reducing the subsidy alongside BLT for low-income earners.

The government and the House of Representatives say they will comply with the Constitutional Court ruling, which concludes a review of the controversial Job Creation Law requested by labor groups.

The government blocked sales of Google Pixel phones because the company has not met the rules which necessitate certain smartphones sold domestically to contain at least 40 percent of parts manufactured locally.

Apindo has proposed income tax relief for employees in labor-intensive industries, arguing the measure is necessary to maintain household spending without burdening companies amid an economic downturn.

A new task force involving the SOEs, tourism and transportation ministries is set to start working within the next two weeks to ramp up both foreign and domestic tourism through a variety of measures, including harmonizing regulations, according to the SOEs minister.

The Transmigration Ministry is focusing on the country's eastern regions in line with the President's instruction to meet the overall goal of food security, according to minister Iftitah, who also says the transmigration program could expand beyond food production to other sectors, such as tourism.

Prabowo has set a two-week deadline to finalize the new scheme and has tasked Statistics Indonesia (BPS) with leading the data preparation, with additional support from other ministries.

SKK Migas head Dwi Soetjipto said the domestic LPG industry has remained underdeveloped for years, unable to attract investors as they can only sell their output to Pertamina at a low price.

Investment Authority of Indonesia (IAI) Danantara head Muliaman Darmansyah Hadad said the newly established sovereign wealth fund would act as a manager of government assets “separated” from the state budget.

President Prabowo Subianto has announced his desire for all top-level government officials to switch to a domestically made military vehicle for official purposes.  

President Prabowo Subianto is set to name the current interim Nusantara Capital City (IKN) Authority head, Basuki Hadimuljono, as the body’s definitive head as he looks to conclude the project in four years.

The Confederation of Indonesian Trade Unions (KSPI) has kicked off what it says will be a nationwide wave of mass protests ahead of November, the month in which the next year’s minimum wage is typically determined.

A top adviser to President Prabowo Subianto says the government will issue a presidential regulation to cancel the debts of some 6 million borrowers to allow them to obtain loans from banks instead of loan sharks or peer-to-peer lending platforms.

Instead of being placed under the command of the coordinating economic minister, the finance minister now reports directly to the President, which indicates a more hands-on approach by Prabowo Subianto to budget management.