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Indonesia’s central bank currently holds only 80 tonnes of gold, just 5.9 percent of its total reserves.
1 day 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. ...
3 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 agoIndonesia is moving closer to selling electricity to the neighboring city state, but analysts still see challenges related to clearing and manufacturing.
2 years agoThe Business Competition Supervisory Commission (KPPU) has said it will expand its questioning of rice millers in relation to allegations of anticompetitive practices after speaking to a top industry player.
2 years agoLawmakers have rejected state-owned electricity firm PLN’s request for Rp 10 trillion (US$651.4 million) in public funds for the improvement of the country’s energy infrastructure, pointing to a lack of clarity on the utility’s priorities and use of funds.
2 years agoThe investigation launched on Wednesday will determine if punitive tariffs are warranted to protect EU producers from what European Commission President Ursula von der Leyen described as a "flood" of cheaper Chinese EV imports.
2 years agoEnvironmental groups have submitted a formal complaint to the World Bank for providing financial support for two coal-fired power plants in Indonesia, violating a pledge to stop backing fossil fuels.
2 years agoChinese staff from China Railway Group will be responsible for the operation and maintenance of the Jakarta-Bandung high-speed railway in its early years, PT Kereta Cepat Indonesia-China (KCIC), the Sino-Indonesian consortium responsible for the project, has announced.
2 years agoIndonesia users spent more money on TikTok than anywhere else in Southeast Asia over the past year, as the app's e-commerce arm rapidly grew to gain a substantial regional market share and millions of sellers since its 2021 launch.
2 years agoBrussels will investigate Chinese state subsidies for electric cars, EU chief Ursula von der Leyen said Wednesday, vowing to defend Europe's industry against "artificially low prices".
2 years agoThe government has proposed state capital injections (PMN) of Rp 24.6 trillion (US$1.59 billion) to continue work on toll road projects handled by debt-laden state-owned enterprises (SOEs).
2 years agoRare earths are considered to be lucrative and of strategic value because they are used in the manufacturing of military equipment, lasers, smartphones and magnets found in electric vehicles and wind turbines.
2 years agoRare earths are a group of 17 elements used in products from lasers and military equipment to magnets found in electric vehicles, wind turbines, and consumer electronics, such as smartphones.
2 years agoGreenpeace praises the utility firm for its ambition but expresses doubt over the implementation, while experts urge the government to disincentivize the coal industry and pour subsidies into renewable energy projects.
2 years agoThe Agricultural Quarantine Agency says the government would not impose an immediate ban should lumpy skin disease (LSD) be detected again in animals shipped into the country.
2 years agoIndonesia should foster a friendly environment for mining firms so that nickel reserves can be tapped and the country can move away from importing the commodity, according to industry observers.
2 years agoJapan is cautious toward investing in the technology sector in relation to the presence of Chinese firms amid the United States policy to restrict China access to advanced chips and related technologies.
2 years agoExperts have cast doubts on the prospects of public transportation in the new capital of Nusantara, pointing out that its development may still hinge on accommodating private vehicles, much like in Jakarta.
2 years agoExperts say such a move would be a major step back in the country's journey toward lower carbon emissions.
2 years agoThe import tariff exclusions include industrial components such as pumps and electric motors, some car parts and chemicals, bicycles and vacuum cleaners.
2 years agoPLN plans to add 32 gigawatts of renewable energy capacity and invest in grids that would be able to connect to more renewable power sources, its chief executive said on Wednesday.
2 years agoThough ASEAN member states have vowed better collaboration on issues from food security to geopolitical risks, experts say technical difficulties and a lack of political will often threw a wrench into such efforts.
2 years agoPertamina CEO Nicke Widyawati also proposed widening the scope of the Just Energy Transition Partnership (JETP) to include decarbonization initiatives on the way to cleaner power supply.
2 years agoThe government has allayed concerns about domestic food security amid declining crops in Asia and commodity export restrictions imposed by several countries.
2 years agoThe Transportation Ministry stated that it has not yet had a specific date for the high-speed railway's inauguration, but the earliest possible date is Oct. 1.
2 years agoState-owned electricity utility PLN should focus on boosting renewable energy projects in its revised electricity procurement plan (RUPTL) to seize funding opportunities from the landmark Just Energy Transition Partnership (JETP) deal.
2 years agoLeaders of ASEAN countries have signed documents in which they promise to work together closely on food security and the digital economy for years to come.
2 years agoRussian President Vladimir Putin told Turkey's Tayyip Erdogan on Monday that Russia was open to discussions about the Black Sea grain deal, an agreement that helped get Ukraine's grain to market and thus ease a global food crisis.
2 years agoPertamina is examining the possibility of mixing more of its gasoline products with ethanol, in a bid to produce fuel with lower emissions, but experts warn the benefits are unlikely to outweigh the risks and challenges.
2 years agoThe five-year visa requires individual investors to set up a company worth $2.5 million, while for the 10 years visa, a $5 million investment is required.
2 years agoThe operator of the Jakarta-Bandung high-speed railway (HSR) said it has yet to acquire an operating permit from the government despite President Joko “Jokowi” Widodo's intention of inaugurating the flagship project in less than a week.
2 years agoIndonesia is keeping open the possibility of exporting opium-like plant Mitragyna speciose to the United States amid ongoing legal debate as to whether the plant should be classed as an illegal narcotic.
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