The increase, after a brief pause in June, brings the Fed's key lending rate to a range between 5.25 percent and 5.5 percent.

The government plans to take out the Jakarta-Surabaya rail link project from the national strategic projects (PSN) list citing uncertain financing and the length on time needed to finish the project.

A new policy requiring commodity exporters to keep some of their foreign exchange revenue in Indonesia is cause for alarm among coal miners.

The Federal Reserve is expected to raise interest rates by a quarter of a percentage point on Wednesday, marking the 11th hike in the US central bank's past 12 policy meetings and possibly a last move in its aggressive battle to tame inflation.

The regulation also pushes for business relations between media companies and digital platforms, which could include financial compensation.

The central bank decided to reduce its QRIS per-transaction fees while keeping its key interest rate unchanged with a view to maintaining a stable rupiah.

The Just Energy Transition Partnership (JETP) has suggested that emissions reductions from the early retirement of coal-fired power plants be marketed as carbon credits, and that funds be provided to facilitate the program.

At the 14th G20 Clean Energy Ministerial Meetings, Indonesia stood with a group of countries that disagreed with a commitment to triple renewable energy capacity by 2030.

Indonesia has reaffirmed its plan to implement carbon exchange starting in September, with the government estimating its carbon market could be valued at up to US$15 billion per tonne of CO2.

Higher prices for subsidized housing will not have a major impact on the government’s plan to distribute 220,000 units to eligible buyers this year and next.

State-owned Enterprises (SOEs) Minister Erick Thohir has maintained that nickel miner Vale must relinquish a larger stake to Indonesia that includes the country’s state-owned miner holding MIND ID.

The government is planning intervene in the credit market to address nonperforming loans to micro, small and medium enterprises (MSMEs) and free up banks to lend further to the group, but experts say the move could have a dire impact on small banks’ balance sheets.

Finance Minister Sri Mulyani Indrawati wants global policy standards for the regulation of crypto assets.

A study from professional services firm EY suggests that changes in tax policy and higher loan limits may help Indonesia improve financial inclusion.

Newly appointed communications and information minister Budi Arie Setiadi asserts that the construction of 4G base transceiver station (BTS) tower project will be completed this year despite recent delays.

Businesses and experts understand the government’s intentions behind a new regulation on export receipts (DHE) but say some requirements could complicate exporters’ operations and cashflow.

Indonesia and India are discussing a proposal to settle bilateral transactions with local currencies and link the fast payment systems of both countries, according to Bloomberg.

The government has yet to determine its stance on Bali’s US$10 foreign tourist tax with the Tourism Ministry saying it is still reviewing the policy and seeking input from stakeholders.

Indonesia may forgo a chance to export electricity as Singapore looks to other ASEAN countries and Australia, which seem to be more ready to supply the city state with clean power.

The European Union is rallying businesses to take countermeasures against Indonesia’s nickel ore export ban, after Jakarta appealed a World Trade Organization ruling against its protective mineral policy.

Singapore says investing in Indonesia's Nusantara Capital City will be done on a commercial basis and it will depend on its business sector to make the investments.

Singaporean Deputy Prime Minister Lawrence Wong, who is expected to be the city state's next prime minister, says he wants deeper cooperation with Indonesia in digital technology and the green economy.

A survey released by CNBC Indonesia Intelligence Unit on Tuesday found that 44.19 percent of business stakeholders in Indonesia had yet to make up their minds on whom they prefer among the three big names of suggested candidates for the 2024 presidential election.

China and the Association of Southeast Asian Nations (ASEAN) are pushing ahead with talks on a third version of a free trade agreement at an ASEAN summit in the Indonesian capital of Jakarta, China's top diplomat Wang Yi said on Thursday.

Small businesses expressed objections to the Quick Response Code Indonesian Standard (QRIS) transaction fee of 0.3 percent, saying that it was a burden on the back of all other administrative costs they have to pay.

The Indonesian resort haven of Bali will impose a Rp 150,000 (US$10) tax on tourists entering the 'Island of Gods' from next year to preserve its culture, officials said Wednesday.

In Indonesia, there is IKEA, and then there is IKEA. The popular Swedish furniture retailer lost its trademark to a company in East Java. First come, first served, but use it, or lose it in court.  

The appointment of two new OJK board members is mandated by Law No. 4/2023 on financial sector development and reinforcement.

The government plans to secure an additional 60,000 tonnes of lithium per year under an import agreement with Australia as it strives for a comprehensive electric vehicle (EV) industry.

Coordinating Maritime and Investment Affairs Minister Luhut Pandjaitan will meet the IMF to explain Indonesia's downstream policy, while Investment Minister Bahlil Lahadalia says he has been asked by the President to fight for the policy.