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9 hours agoTrump ordered stiff tariffs on dozens of trading partners in an effort to reshape global trade in favour of the US economy. ...
1 day agoTrump set rates including a 35 percent duty on many goods from Canada, 50 percent for Brazil, 25 percent for India, 20 percent for Taiwan and 39 percent for Switzerland, according to a presidential executive order. ...
1 day agoPeople and institutions responsible for implementing the stimulus measures were left without knowledge of the plan. Such a lack of coordination could dampen the effectiveness of the policy, which is intended to boost the economy.
1 month agoFahri pointed to several hurdles, including land issues and lack of demand, hampering rollout of the funding commitments made by foreign entities that the government had secured over the past months, as quoted from Bisnis.com.
2 months agoWorkers' rights around the world are "in free fall", with widespread attempts to hamstring collective bargaining and attacks on trade union representatives, the world's largest trade union organization said Monday.
2 months agoExperts suggest the new power procurement plan leans toward repeating past mistakes and undermining energy transition commitments.
2 months agoManpower Minister Yassierli has issued a circular preventing employers from setting age limits on vacancies to provide equal opportunities for all jobseekers in the country.
2 months ago"I would say that they are a bit stalled," Bessent told broadcaster Fox News when asked about trade talks with Beijing.
2 months agoRay Dalio’s appointment as a Danantara advisor was announced following a verbal offer in March but had yet to be formalized.
2 months agoIndonesia has the opportunity to wrap up a long-delayed free trade deal with the European Union after the bloc officially placed Indonesia in its “standard-risk” deforestation law category, a step seen by businesses as a signal that could boost exports of palm oil, coffee, cacao and other commodities.
2 months agoWhen asked about the details of the development of a fossil fuel-powered plant under the plan, the energy ministry's electricity director general, Jisman Hutajulu, said, “We will probably share the details next week”.
2 months ago"The fragmentation of industrial and supply chains has deepened, and trade barriers have increased, which has had a great impact on the economic development of all countries," state news agency Xinhua reported on Sunday, citing Li.
2 months agoIncreased regional investment by global energy giants, including oil majors such as Shell, Chevron and TotalEnergies, appear to be signaling corresponding renewed interest in Indonesia's oil and gas assets amid its push for energy self-sufficiency and deregulation.
2 months agoGaruda Indonesia said flying an aircraft from Jakarta to Bali previously cost Rp 194 million (US$11,876) per flight in 2019, but has risen by 38 percent to Rp 269 million per flight
2 months agoThe Law Ministry’s intellectual property director general Razilu said on Thursday that the road map would soon become binding across ministries and agencies after being drafted internally.
2 months agoHashim Djojohadikusumo, a top adviser to and brother of President Prabowo Subianto, said the government is seeking ways other than increasing tax rates to shore up tax revenue.
2 months agoThe updated stipulations, which will include changes in indirect taxes and domestic market obligation (DMO) fuel pricing, are expected to be released “soon”.
2 months agoBank Indonesia has cut its benchmark interest rate by 25 basis points (bps) in an effort to boost economic growth while inflation is under control.
2 months agoIn a meeting with House Commission V on Tuesday, representatives of two property developers associations put forth an idea to offer a rent-to-own scheme to ease access to home financing for informal workers who might otherwise fall through the cracks of creditworthiness criteria and bank scoring models.
2 months agoThe manpower minister issued a circular to ban what has been common practice at many workplaces and signaled that such protection could be enshrined in a forthcoming ministerial regulation or an amended Manpower Law.
2 months agoThe government has introduced a regulation that will prevent a race to the bottom among logistics providers and require them to expand their services outside profitable regions.
2 months agoTwo figures with ties to the military, including an active officer, are expected to head the Finance Ministry's tax and customs offices by presidential appointment, though it is unknown when they will take up their new roles.
2 months agoA lack of investment in Indonesia’s power grid is emerging as a key obstacle to the country’s clean energy goals, as transmission constraints slow down the adoption of renewable energy.
2 months agoKadin has distanced itself from the officials involved until a legal verdict is reached.
2 months agoAn integrated property development and construction firm from Dubai has become the first company in months to express an interest in developing the new capital city in East Kalimantan, and is looking to invest in 10 hectares of Nusantara's mixed-use commercial zone.
2 months agoAs the number of tourists in Bali continues to rise, hotels on the island are suffering from declining occupancy rates, which they blame on a growing number of unlicensed rentals, raising concerns about harm to the local economy.
2 months agoIndustry associations warn that Bali’s ban on small plastic bottles last month could lead to a sales decline of 5 percent, as the province contributes significantly to the RTD beverage market.
2 months agoA video circulating on social media over the weekend shows a tense exchange between individuals claiming to represent Kadin’s Cilegon branch and Chengda Engineering Co, a contractor for the CA-EDC project by petrochemical giant PT Chandra Asri Pacific.
2 months agoIndonesia’s Job Creation Law, once touted as a fix-all to make employment more flexible and attract investment, is now drawing flak for increasing job market uncertainty, with both business and labor leaders pointing to the President’s demand to end outsourcing as a sign the system is cracking.
2 months agoThe government is mulling over a plan to restrict cassava and tapioca imports as local farmers bemoan unsold domestic produce.
2 months agoTransparency from the outset to allay foreign investor's concerns is key to the success Danantara's plan to issue bonds, analysts say.
2 months agoThe government has shared plans to ease import rules for certain goods, but the measures presented on Friday appear to exclude key export commodities from the United States as bilateral trade talks aimed at averting US tariffs have yet to conclude.
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