The government has vowed to compenate affected people fairly as unresolved issues related to land clearing, including relocating local inhabitants, continue to bog down progress in the IKN project as the clock ticks down to several milestones before Independence Day.

The Trade Ministry has temporarily confiscated a Rp 50.9 billion (US$3.17 million) tanker imported from China over an allegedly missing import permit.

The distribution of substandard steel could increase the risk of construction accidents and infrastructure failures, as well as hamper market competition.

Tourism minister said the plan was to finance the fund using the central government budget instead of collecting fees from tourists. 

Indonesia has too many international airports due to government oversight, an expert says.

OECD committees may recommend changes to Indonesia’s legislation, policy and practices to bring them further into line with OECD standards and best practices.

Indonesia’s relative lack of intellectual property (IP) protections has made investing in the country less appealing, foreign businesses have said, as they urge the government to improve IP regulation and enforcement.

Finance Minister Sri Mulyani Indrawati has ordered the Customs and Excise Directorate General to improve its services after several complaints by Indonesians buying goods from abroad made the rounds on social media.

Introducing more renewables will only be possible if the country can solve its persistent electricity problems.

Musk had been set on his cancelled India trip to announce $2 billion to $3 billion in new investments, including in a car plant, after India offered lower import taxes on EVs in return under a new policy.

The revision has been concluded and is awaiting signatures, with the final document to be ready by May.

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.