President Vladimir Putin's economic adviser Maxim Oreshkin on Monday rebuked the central bank, blaming what he called its soft monetary policy for weakening the rouble.

Following recent criticism, the government has argued in defense of its policy to boost investment in the nickel processing industry, saying it had paid off for the country with a significant rise in tax and export revenues.

The government has suspended nickel mining in the Mandiodo Block amid the AGO's ongoing investigation into corruption related to mining operation permits.

President Joko “Jokowi” Widodo’s plan to ban quartz sand or silica sand exports could jump-start rooftop solar panel manufacturing in Indonesia, business representatives say.

The government has been easing regulations on home ownership since 2021, aiming to attract more foreigners to buy properties in the country, but the effort has produced few results because of regulatory misalignment and a lack of supply.

Indonesia is prioritizing safety ahead of the planned commercial launch of its China-funded $7.3 billion high-speed railway, its transport minister said on Friday - addressing concerns about a project already years behind schedule.

Multiple ministries have warned construction state-owned enterprises (SOEs) not to pay off their debt using state-budget funds earmarked for government-funded projects.

Foreign Minister Retno L.P. Marsudi says Indonesia's bid to join the Organisation for Economic Co-operation and Development (OECD) has garnered strong support from existing member countries and will be discussed at an OECD council meeting in September.

While the market mostly shrugged off President Joe Biden's move to prohibit some US technology investments in China, US investors said they were worried Beijing would retaliate or pull back from buying American technology.

Experts cast doubt on the efficacy of planned new e-commerce regulations that are meant to limit foreign products on online trading platforms in hopes of protecting small local businesses. 

The order lays out plans to regulate investments in certain "countries of concern," with a separate annex naming China, Hong Kong and Macau as initial targets.

The long-awaited order authorizes the US Treasury secretary to prohibit or restrict certain US investments in Chinese entities in three sectors: semiconductors and microelectronics, quantum information technologies, and certain artificial intelligence systems.

Outstanding loans from state-owned banks to construction SOEs reached Rp 70 trillion (US$4.6 billion) in May, according to government data, but restricting issuance would cause new risks for lenders.

PT Freeport Indonesia plans to file a lawsuit against the government over revised export duties on mineral concentrates but the government said it will defend the policy. 

Operators of the Jakarta-Bandung high-speed railway have announced yet another delay of the flagship project’s soft launch, to early September, citing the need to ensure preparedness and safety.

Improving governance and best practices of insurance companies is more urgent than raising the minimum capital requirements, an expert believes.

The government insists that the proposed regulation only pushes for collaboration between digital platforms and media companies, such as in training or revenue-sharing.

A US central bank official said Saturday that more interest rate hikes "will likely be needed" to bring inflation down further, shortly after policymakers lifted rates to the highest level since 2001.

Indonesia may lack the necessary regulations to boost its competitiveness in attracting carbon capture investment when compared to other ASEAN countries. 

Vietnamese automaker VinFast last week began construction on a US$4 billion plant to produce EVs in North Carolina for the US market, but could struggle to compete without the tax break, says a lobbyist. 

A researcher from Jakarta-based think tank CSIS has pointed to the need for greater regulatory support to ensure that Indonesia could meet is JETP targets, particularly after the change of government next year.

Current regulations in India allow companies to import laptops freely, but the new rule mandates a special licence for these products similar to restrictions India imposed in 2020 for inbound TV shipments.

The government has pointed to high airfares as one reason for the sluggish recovery of the tourist industry, as ticket prices remain elevated more than half a year after the Supreme Court upheld an antitrust ruling against seven domestic carriers.

The EU proposal would apply higher minimum tax rates to polluting fuels like petrol, and the lowest rates to electricity and sustainable fuels.

The government has again pushed back the limited public trial run for Greater Jakarta light rail transit (LRT), this time to Aug. 5.

Transportation Minister Budi Karya Sumadi confirmed that the extension project of the Jakarta-Bandung high-speed rail to Surabaya would be continued.

Australia has disputed Indonesia's claim to have found lumpy skin disease (LSD) in live cattle imported from the country.

Investors say they need better government incentives to develop the electric vehicle (EV) charging infrastructure necessary for the technology to be widely adopted in the country.

The government has highlighted longstanding tax incentives and other policies that seek to lighten the burden on exporters that keep their earnings in country, as it prepares to require high-value exporters to maintain foreign exchange deposits at home.

The European Central Bank raised interest rates for the ninth consecutive time on Thursday and said it was open-minded about further tightening as stubbornly high inflation and recession worries pull policymakers in opposing directions.