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Indonesia’s central bank currently holds only 80 tonnes of gold, just 5.9 percent of its total reserves.
16 hours agoThe ministry summoned representatives of the Indonesian E-commerce Association (idEA), whose members include Shopee, Tokopedia and TikTok Shop, to follow up on President Prabowo Subianto’s order to curb illegal imports. ...
2 days agoSeptember's liquidity injection led to state-owned banks cutting their deposit rates by around 50 basis points (bps) and lending rates by around 11 bps, according to the Finance Ministry, which expects this to translate into stronger growth this quarter. ...
3 days agoExperts opined that building a vast concrete wall without addressing the root causes of land subsidence would not solve the region's problems.
1 year agoA government official warns that successfully exploiting such links would be difficult due to distance and technological barriers.
1 year agoThe economic teams of all three presidential candidates have told an Apindo event that a gradual approach to achieving the local content target would help boost economic growth, downstream development and investments.
1 year agoJokowi said that salary increases for military and police personnel and civil servants were dependent on fiscal and economic conditions.
1 year agoExperts warned that Prabowo's view implied a lack of understanding, which could risk the country’s fiscal sustainability if left unchecked.
1 year agoFollowing a relatively successful 2023 in terms of biodiesel absorption, the government has revised up this year's B35 biodiesel quota by 2 percent to 13.41 million kL.
1 year agoThe Indonesian Palm Oil Association (GAPKI) and palm oil smallholders have protested the use of "palm oil-free" labels, while Trade Ministry regards the label as a negative campaign against food products containing palm oil.
1 year agoAll the candidates share a common plan to establish a new state revenue agency that requires the Finance Ministry to spin off and combine two of its revenue arms, namely the tax and customs and excise offices.
1 year agoThe Indonesian Dairy Cooperatives Association (GKSI) wants the government to bear most of the cost of importing cattle.
1 year agoIndonesia’s subsidy program for electric motorcycles missed the mark last year, falling far short of its ambitious goal with only 11,532 units purchased out of the 200,000 targeted.
1 year agoIndustry Minister Agus Gumiwang Kartasasmita said the disciplinary action would vary depending on the results of the ongoing investigation.
1 year agoThe Trade Ministry aims to conclude agreements with a range of countries this year in its endeavor to diversify trade relationships.
1 year agoThe move seen by environmental groups as failure to held polluters accountable and risked leaving damaged lands in other areas unattended.
1 year agoIndonesia posted the lowest budget deficit in years, but experts say the smaller-than-planned gap between state revenue and state expenditure also means the government could have done more to support economic growth.
1 year agoIndonesia is aiming to reduce its reliance on gas imports by building natural gas distribution networks throughout the country.
1 year agoFollowing a so-called transition period of five years, the government has kicked off 2024 by imposing a 10 percent e-cigarette tax, sparking opposition from industry players.
1 year agoHaving more stations will lead to a longer overall travel time due to additional stops, experts warn.
1 year agoPeople living in the city and its surroundings will likely remain reliant on private vehicles, experts say, citing an urgent need for a drastic improvement of the public transportation system.
1 year agoAs the police revise the death toll from the Morowali nickel smelter furnace explosion on Christmas Day, the government is increasing scrutiny of work safety amid calls for regular audits.
1 year agoThe government expects an uptrend in underground mining to take hold in the country as surface mineral reserves continue to decline.
1 year agoAccording to experts, implementing carbon capture and storage (CCS) in Indonesia within five years will be challenging because of the high costs of the novel technology and low expectations for scaling up.
1 year agoBank of Japan Governor Kazuo Ueda said on Monday the likelihood of achieving the central bank's inflation target was "gradually rising" and it would consider changing policy if prospects of sustainably achieving the 2 percent target increase "sufficiently".
1 year agoAnalysts say President’s son was "assertive" despite making "incorrect answers".
1 year agoMinistry of Communications and Informatics Republic of Indonesia (Kominfo) has published Pemiludamaipedia. Similar to an encyclopedia, Pemiludamaipedia consists of all the information regarding the presidential election, legislative election and regional head elections that will occur in 2024.
1 year agoBank Indonesia (BI) expects to keep its benchmark interest rate at 6 percent for at least six more months to keep inflation at bay, in addition to ensuring rupiah stabilization.
1 year agoNine new renewable energy projects worth a combined Rp 51 trillion have seen their financing dry up as a result of international lenders' unwillingness to meet government local content requirements, state-owned electricity company PLN said on Tuesday.
1 year agoDaihatsu said Wednesday it would suspend domestic and overseas shipments of all its vehicles in light of an independent panel's report that found it had been manipulating tests as long ago as 1989.
1 year agoThe independent probe found the malpractice dated back to 1989 and led Toyota to express its "sincere apologies" and pledge to carry out "a fundamental reform".
1 year agoThe recall covers 2020 through 2022 model year vehicles including various Avalon, Camry, Corolla, RAV4, Lexus ES250, ES300H, ES350, RX350 Highlander and Sienna Hybrid vehicles and could result in the Occupant Classification System (OCS) sensors not working. It includes 1 million vehicles in the United States.
1 year agoIndividual aircraft deliveries to China that were suspended in 2019 after two deadly crashes still need approval from China's National Development and Reform Commission (NDRC), the report said.
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