Local businesses have embraced the Trade Ministry's latest regulation issued on Friday to ease imports of certain goods, the third such policy backtrack since a new set of restrictions were imposed in March.

Indonesia hopes revoking a ministerial regulation could encourage investment in renewable energy projects. 

Vendors are struggling to meet increased demand for air conditioners and blame a recently issued regulation for hampering imports.

The plan was announced despite an initial plan to mandate battery-based electric vehicles in the new capital city, particularly for passenger vehicles. 

The government has pushed back rules that will make halal certificates mandatory for medium, small and micro enterprises (MSMEs) in the food and beverage industry.

Speaking at the Qatar Economic Forum, Prabowo said criticism of Indonesia's downstreaming policies for coal, palm oil and nickel was misplaced and insisted that all nations maintained at least some trade restrictions.

The revised rule primarily addresses complaints over import regulations for passenger goods and migrant workers, but stipulations on raw and auxiliary materials remain mostly the same.

The measures, which drew strong opposition from Beijing, come as Biden seeks to look tough on trade ahead of a rematch with Republican Donald Trump in November's US presidential election.

The government is considering the establishment of a standalone ministry to deal with the housing backlog and financing for developers.

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.