A planned carbon tax is expected to impact state-owned electricity firm PLN’s business, but experts say the levy could benefit the electricity sector overall, despite initially higher energy costs.

"Daihatsu decided today to temporarily suspend shipments of all Daihatsu-developed models currently in production, both in Japan and overseas," the auto titan said in a statement  following a report by an independent panel.

Vietnam had been the prime destination for Indonesia’s lobster larvae exports and according to the Maritime Affairs and Fisheries Ministry, 99 percent of shipments went to that country.

Indonesia, trailing its neighbors in the electric vehicle (EV) race, is stepping on the gas with a package of tax incentives aimed at revving up its domestic industry, a government official has said.

The move comes after an order in October from the US International Trade Commission (ITC) that could bar Apple from importing its Apple Watches after finding the devices violate medical technology company Masimo's patent rights.

Analysts have urged finalizing the prolonged discussions over a Coordination of Benefits (COB) scheme, which they say will reduce public-private competition and ultimately help the government toward achieving its universal health coverage goal, alleviate risk for private insurers as well as ensure better health benefits for all.

The Asian Development Bank (ADB) will focus its Energy Transition Mechanism (ETM) financing program to achieve a financial close for the Cirebon-1 early retirement project transaction in the first half of 2024.

According to Kadin department head of monetary policy and financial services Tigor M. Siahaan, one expatriate could create at least 20 jobs for local people.

Indonesia’s presidential candidates clashed over national fertilizer shortages at Tuesday’s inaugural debate of the 2024 campaign, with the three trading blame and using the problem to highlight broader policy differences.

Indonesia will grant automakers that plan to build electric vehicle plants tax incentives on their imports of completely built-up EVs until 2025, a new presidential regulation showed as Jakarta seeks to attract more investment.

The Financial Services Authority (OJK) is set to require banks to factor climate-related uncertainty into their lending decisions, as experts and international groups say the country’s financial sector may not be sufficiently prepared for the growing risk.

Experts say a planned revision of the green taxonomy causes uncertainty for Indonesia’s energy transition as it excludes the “red” category and switches from the traffic light categorization system to a dichotomy of “green” and “transition”.

Several industries have called for at least another year's extension after the OJK announced a March 2024 termination date to its pandemic-era loan restructuring facility, arguing that a one-size-fits-all approach will not work.

Businesses have opposed a planned higher tax rate set for parking and entertainment services in Jakarta stipulated in a new bill currently being discussed at the House of Representatives.

Presidential candidate Prabowo Subianto and his running mate Gibran Rakabuming Raka plan to raise the bar for how much local content must be included in some domestically manufactured goods, a policy they say will push downstream industry growth.

Industry players have complained about a planned excise tax on plastic products and sweetened beverages, arguing it will not solve what it is intended to and will cause other problems in the process.

The government has approved the revised plan of development (POD) for the Abadi liquefied natural gas (LNG) project in the Masela Block, which includes a carbon capture storage (CCS) facility slated to begin operations in 2030.

But are the Just Energy Transition Partnerships a major climate solution to moving away from fossil fuels in emerging economies? Or are these multi-billion dollar deals a "mirage"?

All presidential candidates have vowed to solve the housing problem in Indonesia where properties are beyond the reach of many hopeful homeowners, either due to soaring prices or an insufficient supply of land to accommodate rising demand.

Indonesia and the Asian Development Bank have agreed a provisional deal with the owners of the Cirebon-1 coal-fired power plant to shutter it almost seven years earlier than planned.

Governments launched new initiatives on Saturday to bolster clean energy and to wean themselves off fossil fuels at the UN climate summit in Dubai, where countries are grappling with how to halt the non-stop rise in planet-warming emissions.

United Arab Emirates President Sheikh Mohammed Bin Zayed Al Nahyan, whose country is hosting the COP28 climate summit, announced on Friday the establishment of a US$30 billion climate fund for global climate solutions that aims to attract $250 billion of investment by the end of the decade.

The Maritime Affairs and Fisheries Ministry will continue with its plan to initiate sea sand exports by early 2024 despite calls to repeal the policy.

The Islamic finance industry is smaller than one may expect in the country with the largest Muslim population, but a sharia banking road map released by the Financial Services Authority on Monday has received praise from analysts.

Developing Indonesia’s battery industry is expected to remain a challenging task, as the industry is still beset with a lack of regulation and an unclear path forward, which many fear could hamper the country’s electric vehicle (EV) ambitions.

Indonesia must reconsider its coal price cap policy to expedite renewable energy development in the country, according to analysts.

As 2023 draws toward its end, the full-year gap between state expenditure and state revenue may be smaller than projected back in July.

Bank Indonesia (BI) has kept its benchmark interest rate unchanged as it deems the current 6-percent rate sufficient to keep consumer prices under control.

Following Tuesday’s announcements of the 2024 provincial minimum wages, labor leader Said Iqbal, who heads several unions, said 5 million workers are gearing up for nationwide walkouts to ensure their demands are met.

The ministry cited the limited domestic supply of key battery components and the detrimental effect such scarcity had on subsidized EV adoption in the country.