Experts say that finalizing a deal on the proposed Cirebon 1 early retirement pilot project was key to getting other operators of coal-fired power plants to sign on to the government's Energy Transition Mechanism (ETM) program.

The KCC is notifying the companies for corrective action, and will deliberate on the fines, the statement said.

Following a successful static test in late July, the government has conducted its first flight test for BAF created in cooperation with the Bandung Institute of Technology and produced by Pertamina.

Pertamina's upstream arm PHE and MedcoEnergi are seeking to switch their contracts from a gross split to a cost recovery scheme for certain oil and gas fields to improve their profitability and overall output.

Indonesia will soon finalize negotiating loan interest rates to finance the cost overrun of the Whoosh high-speed railway (HSR), with the figure expected to remain high despite efforts to secure cheaper funding costs.

Since late 2019, after the US blocked the appointment of new judges to the WTO's Appellate Body due to complaints over judicial overreach, 29 cases have been left in limbo, delivering a heavy blow to the dispute settlement system.

The new regulation is yet another setback for TikTok, which has faced intense scrutiny in the United States and other nations in recent months over users' data security and the company's alleged ties to Beijing.

Despite the inauguration of the long-awaited Jakarta-Bandung HSR, analysts find little to celebrate, pointing out that keeping the new service running and generating revenue were the greater challenges to start offsetting the project's massive cost overrun.

Local logistics businesses are planning to challenge the Trade Ministry’s newly issued regulation on e-commerce, which will restrict the sale of cheap imported and cross-border items through the platform.

The ADB's "energy transition mechanism" (ETM) makes use of private and public capital to refinance investments in coal-fired power, allowing power purchase agreements to be shortened and plants to be shut as much as a decade earlier than planned. 

The House is deliberating a new bill that has been decades in the making to replace the oil and gas regulatory body SKK Migas with a dual function regulatory and business entity called BUK Migas.

Calls had grown in recent months for a regulation governing social media and e-commerce, with offline sellers seeing their livelihoods threatened by the sale of cheaper products on TikTok Shop and other platforms.

Arsjad Rasjid, 53, has temporarily stepped down as chairman of the Indonesian Chamber of Commerce and Industry (Kadin) following his decision to accept his appointment as manager of presumptive nominee Ganjar Pranowo’s presidential campaign.

The Just Energy Transition Partnership (JETP) for Indonesia was unveiled last November, as the country hosted the G20 summit in Bali.

Head of Bapanas Arief Prasetyo Adi announced the plan on Tuesday, saying it was based on a direct instruction from President Joko "Jokowi" Widodo.

Amazon is a monopoly and misuses its powers, according to the FTC, which quotes a seller as saying: "We have nowhere else to go and Amazon knows it."

Coal-fired power plants will not be mandated to participate in the newly launched carbon exchange, which the government has formed as a way for the country to expedite emission cuts, despite the energy sector being one of the country’s major emissions sources.

The government will keep a watchful eye on crude oil prices, which are expected to surge by the end of this year. The Finance Ministry says it is prepared to carry out stress testing if needed to anticipate any impact on the state budget, particularly energy subsidies.

Platforms in China, the world’s largest e-commerce market, have recently described a “value-for-money battle” stoked by economic insecurity and a slower-than-expected retail recovery following the lifting of COVID-19 curbs late last year.

Led by France and Italy, the 27 nations voted for a less ambitious plan than the one put forward by the European Commission in November 2022, eyeing preservation of competitivity in an EU sector on which 14 million workers rely.

The trade minister has said that e-commerce on social media platforms should only be used to promote goods and services, not for actual transactions.

Southeast Asian countries will need to collaborate more closely to build a power grid and other infrastructure to connect renewable energy supplies across the region, but the starting point is transmission grid upgrades, an expert says.

Ministers have repeatedly said that e-commerce sellers using predatory pricing on social media platforms are threatening offline markets in Indonesia, with some officials specifically citing the video platform TikTok as an example.

The trading bloc introduced new rules this year that ban goods from land that has been deforested, throwing its muscle into the fight against climate change and environmental destruction.

The President has called a cabinet meeting to discuss the country's e-commerce sector in general, including TikTok's planned expansion into social commerce.

The complete phasing-out of fossil fuels is not realistic, China's top climate official said, adding that these climate-warming fuels must continue to play a vital role in maintaining global energy security.

While most other major central banks have pressed ahead with interest rate hikes to tame prices, the BoJ has refused to shift from its long-term program of sub-zero borrowing costs in order to kickstart the world's number three economy.

When the EU launched an investigation into Chinese electric car subsidies, Brussels wanted the world to know that it will protect the automotive sector that is the jewel in Europe's industrial crown, even if it upsets Beijing.

Indonesia's energy minister said on Thursday the government had made improvements in its oil and gas terms that would allow contractors to have equity shares of more than 50 percent in some new blocks to attract investment.

The SMEs minister has denied suggestions that the government planned to ban the highly popular social media platform, though he said if there was one, it would be designed to protect local SMEs against unfair competition.