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A new regulation allowing regional administrations and region- or state-owned enterprises (SOEs) to borrow money from the central government entails opportunities for local authorities but also poses risks to fiscal discipline, economists say.
19 hours agoNational and regional wage councils are set to play a central role in shaping the formula used to determine minimum wages for next year, unlike last year, when the President himself decided how much wages should rise. ...
3 days agoA new safeguard duty on imported cotton yarn aims to protect local spinners from cheap imports, but the garment industry has warned that costlier materials will hurt its competitiveness in global markets. ...
4 days agoPerpadi and expert observers point out that many rice millers have been unable to sustain operations as their margins narrowed due to delayed interventions and sweeping crackdownsm compounded by the State Logistics Agency (Bulog) continuing to stockpile grain at higher prices.
1 month agoCalls for reform are being reinforced by Foreign Ministry warnings over a surge in cases involving migrant workers.
1 month agoEven prior to Dony Oskaria’s appointment, analysts had suggested the removal of Erick Thohir could lead to the dissolution of the SOEs Ministry or its merger with Danantara.
1 month agoThe Financial Services Authority (OJK) has backtracked on plans to make cost-sharing mandatory in health insurance policies.
1 month agoSpanning 2.5 million hectares across three national parks, the TRHS is a UNESCO World Heritage site recognized for its role in conserving biodiversity and protecting endangered species.
1 month agoThe government has said it will not renew the incentive scheme, which since 2024 has allowed automakers to import completely built-up (CBU) EVs without paying import duties, luxury tax or value-added tax (VAT).
1 month agoExperts view the empty minister’s seat as evidence of the ministry’s waning purpose, as many of its former responsibilities have moved to Danantara, the country’s state asset fund now in charge of nearly 900 state firms.
1 month agoBank Indonesia (BI) has cut its benchmark interest rate in a surprising move hours before its United States counterpart is expected to reduce borrowing costs in the US as well.
1 month agoThe amount is contingent on the effective rollout of the Rp 130 trillion program budgeted by the state asset fund for microcredits in 2025, with just three months remaining for state lenders to disburse the loans.
1 month agoThe government's latest stimulus package must be managed efficiently and be supported with other policy measures that address deeper problems for long-term benefits, experts say.
1 month agoConcerns about the independence of the central bank have been mounting following the announcement of a "burden sharing" deal that will see BI increase the interest it pays on government deposits to fund state programs.
1 month agoVietnam has asked the United States to reconsider a decision that could lead to a ban on some Vietnamese seafood exports to the American market starting next year, a potential blow to an economy already hit by US tariffs.
1 month agoThe Chinese market regulator's announcement comes as the US and China hold trade talks in Madrid, where chips, including the ones made by Nvidia, are expected to be on the agenda.
1 month agoA newly issued regulation due to take effect in November formalizes the OJK's policy to boost loan disbursement for MSMEs through eased access as part of its credit flow revitalization strategy.
1 month agoThe government aims to encourage household spending and boost growth with a year-end stimulus package, the third such measure after those January and June.
1 month agoThough the United States decided against deportation, images of the workers being chained and handcuffed during the raid caused widespread alarm in South Korea.
1 month agoA new House proposal for Danantara to invest in domestic fertilizer factories aims to tackle the industry's long-standing issue of import dependency as part of a strategy to overhaul the subsidized fertilizer system.
1 month agoExperts warned that the regulation could further hurt the domestic ethanol downstream sector, even as Indonesia plans to launch a mandatory ethanol-based biofuel program.
1 month agoThe new formula introduces a tiered system where companies will receive additional credit for labor and overhead if they produce in-house, and a lower score if they rely on contract manufacturers.
1 month agoWeda Bay Nickel is a joint venture of Indonesia's Antam and Singapore-based Strand Minerals, whose shares are divided between French mining giant Eramet and Chinese steel major Tsingshan.
1 month agoThe government has announced plans to shift some state deposits from the central bank to commercial banks to allow for more loan disbursements and thereby invigorate private sector activity in a bid to achieve 6 to 7 percent gross domestic product growth.
1 month agoFinance Minister Sri Mulyani Indrawati was chairing a meeting with top ministry officials when she received a call from President Prabowo Subianto's office informing her she would be replaced within an hour, two sources said, underscoring the abruptness of the longtime finance czar's sacking.
1 month agoDespite the government’s push to source more supply from state-owned Pertamina as a short-term solution, industry players remain reluctant to comply.
1 month agoThe House of Representatives is drafting an omnibus bill to establish an agency for managing strategic commodities.
1 month agoNegotiations on the upgrade concluded in May, paving the way for improved market access in sectors such as agriculture, the digital economy and pharmaceuticals between China and the 10-member state ASEAN bloc, with Beijing seeking to position itself as the "more open" major economy, while US President Donald Trump continues to target the region with punitive trade curbs.
1 month agoThe Indonesian Employers Association (Apindo) has warned against a potential hike in the tobacco excise as the government looks to beef up state revenue next year without increasing taxes.
1 month agoThe recently completed draft regulation on waste, which eliminates tipping fees, has been hailed as a means of reviving long-delayed WtE projects, but issues like land availability and unfairly burdening private developers remain.
1 month agoThe initiative, which could cost around US$100 billion, would involve building solar farms of 1 to 1.5 hectares in villages of every subdistrict across the archipelago.
1 month agoAt 12.46 percent of the overall cost of living, Indonesians spend significantly more on transportation than the global average, according to Transportation Ministry data.
1 month agoThe central bank has announced a continuation of its burden-sharing scheme with the government and has purchased trillions of rupiah worth of government bonds this year, but an economist questions the legal basis for continuing a policy initially intended as a crisis response.
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