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Indonesia’s central bank currently holds only 80 tonnes of gold, just 5.9 percent of its total reserves.
23 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. ...
4 days agoThe government has initiated an investigation into textile import products as an initial step to safeguard the domestic industry against foreign shipments.
2 years agoIndonesia is expected to conclude negotiations on a pilot coal-fired power plant retirement program before the United Nations’ COP28 climate conference in Dubai, United Arab Emirates, according to the Energy and Mineral Resources Ministry.
2 years agoSince 2018 the painstaking discussions have picked through everything from chemicals to cosmetics, but have repeatedly come unstuck over market access for Australian products such as beef and sheep meat.
2 years agoPetrochemical industry players and analysts are urging the government to help ensure stable demand and access to affordable raw materials.
2 years agoThe Customs and Excise Office says most illegally imported goods come to Indonesian shores from Malaysia, often through small routes but sometimes via big ports.
2 years agoOperated by flag carrier Garuda Indonesia, the Boeing 737-800NG aircraft carried more than 100 passengers from the capital Jakarta to Surakarta city about 550 kilometres (341.75 miles) away, according to CEO of Garuda Indonesia Irfan Setiaputra.
2 years agoIndonesia's trade ministry banned e-commerce transactions on social media a month ago, saying it sought to protect small and midsize offline merchants and marketplaces, and to ensure users' data was protected.
2 years agoJakarta’s decision to commit state funds to energy transition projects may get donor countries to make good on pledges to provide US$20 billion under the Just Energy Transition Partnership (JETP).
2 years agoThe operator of the new Greater Jakarta LRT has been forced to cancel many trips and slash travel speeds due to a lack of trains in working order.
2 years agoIn a bid to prevent unpleasant surprises, businesses have proposed road maps to be adopted by all three candidate pairs participating in next year’s general election.
2 years agoBusinesses have requested the government grant direct approval of nearly a century in land rights for investments made in the country’s future capital city, Nusantara, which experts perceived as a sign of the private sector’s reluctance to invest in such a high-risk project.
2 years agoThe fisheries ministry is drafting a new decree to lift a 2016 ban on exporting lobster larvae that it says it will follow up with stricter monitoring to ensure compliance among licensed exporters.
2 years agoIndonesia is looking to involve private companies to accelerate the development of household gas networks, but firms said their participation would only be possible if they are provided with incentives to ensure long-term profitability.
2 years agoPresident Joko “Jokowi” Widodo has largely failed to reform energy subsidies in the country, experts say, a promise he made some nine years ago, before his tenure in the nation’s highest office.
2 years agoThe Agriculture Ministry plans to reduce garlic imports next year by around 40 percent to encourage domestic production.
2 years agoThe government has expressed its optimism that the tourist tax to be imposed on Bali in February 2024 will not affect foreign arrivals to the island province.
2 years agoPolicy experts are urging the government to introduce emissions caps for energy-intensive industries to incentivize businesses to participate in the newly launched IDX Carbon and contribute to the country's emissions reduction goal.
2 years agoFollowing the closure of TikTok’s e-commerce feature, traditional vendors are urging the government to close down other online platforms as well, arguing that such a move would revive quiet hallways at markets.
2 years agoPresumed presidential candidate Ganjar Pranowo said that he would support extending the Whoosh high-speed railway (HSR), a Sino-Indonesian flagship project started by President Joko “Jokowi” Widodo, to Surabaya.
2 years agoA recent Finance Ministry regulation has placed new import duties on four types of products, with levies reaching some 40 percent of the product’s value in certain cases.
2 years agoNajib Razak, who was prime minister from 2009 to 2018, co-founded 1MDB and chaired its advisory board until 2016.
2 years agoThe government sees a need to develop so-called “new energy” projects, such as nuclear, hydrogen and ammonia, to achieve its net-zero emissions goal by 2060 or far earlier.
2 years agoLabor unions are demanding that the government raise the minimum wage by 15 percent for next year in response to improved economic performance in the country this year, but employers contend that such a wage hike would be impossible given the business situation’s continuing precariousness.
2 years agoExperts 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.
2 years agoThe KCC is notifying the companies for corrective action, and will deliberate on the fines, the statement said.
2 years agoFollowing 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.
2 years agoPertamina'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.
2 years agoIndonesia 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.
2 years agoSince 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.
2 years agoThe 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.
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