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A new regulation allowing regional administrations and region- or state-owned enterprises (SOEs) to borrow money from the central government entails opportunities for local authorities but also poses risks to fiscal discipline, economists say.
1 day agoNational and regional wage councils are set to play a central role in shaping the formula used to determine minimum wages for next year, unlike last year, when the President himself decided how much wages should rise. ...
4 days agoA new safeguard duty on imported cotton yarn aims to protect local spinners from cheap imports, but the garment industry has warned that costlier materials will hurt its competitiveness in global markets. ...
5 days agoThe at-risk stock is suspected to be a mix of imported rice from mid-2024 and lower-quality unhusked rice previously procured by Bulog.
2 months agoDegraded land, polluted air and water stress pose a direct global economic threat but using natural resources more efficiently could cut pollution by half, one of the World Bank’s senior managing directors told Reuters.
2 months agoIndustry players said that if the gas supply chain data were made public, it would be easier to identify where the breakdown occured and who should be held accountable for shortages under the HGBT scheme.
2 months agoIndustry experts have bemoaned the latest rule on coal and mineral sales, which maintains the government-set benchmark prices for calculating royalties and taxes despite allowing more pricing flexibility, burdening miners with a widening gap between sales prices and royalties as global rates fall.
2 months agoThe existing incentives consist of exemptions from import duties and luxury taxes for completely built-up battery electric vehicles (BEVs).
2 months agoA plan to cut local content requirements for goods made by foreign suppliers rather than in-house could dent investment as the country aims to woo foreign capital, businesses say.
2 months agoUS President Donald Trump said he wants to make more investments in healthy US companies on Monday. Whether Corporate America is on board is another story.
2 months agoSources said earlier that the Trump administration was considering imposing sanctions on European Union or member state officials responsible for implementing the bloc's landmark Digital Services Act.
2 months agoPresident Prabowo Subianto on Monday inaugurated a slate of officials to lead two newly established agencies, a move seen as central to his administration's economic and infrastructure agenda.
2 months agoIn a letter dated August 20, the regulator said it received 414 reports of the issue in various Honda and Acura vehicles' 3.5-liter V6 engine.
2 months agoGlobal central bankers gathered at a US mountain resort over the weekend are starting to fear that the political storm surrounding the Federal Reserve may engulf them too.
2 months agoPresident Prabowo Subianto has suggested that Daya Anagata Nusantara (Danantara) will play a big role in his short-term plan to balance the budget, but critics say that runs counter to the state asset fund’s design.
2 months agoThe Finance Ministry has pledged to continue disbursing fiscal incentives for the housing sector in 2026, allocating Rp 3.4 trillion (US$208 million) for a value-added tax (VAT) waiver on home purchases.
2 months agoIndonesia brought the dispute to the WTO in 2023, alleging that the EU's imposition of duties on imports of biodiesel from the Southeast Asian nation broke the body's rules.
2 months agoThe planned 2026 budget pours more funds into fuel and coal subsidies than into renewable energy development, casting doubt on the government’s commitment to the energy transition.
2 months agoBank Indonesia (BI) has unexpectedly made a back-to-back benchmark interest rate cut in its bid to bring out the true potential of the country’s gross domestic product (GDP) growth.
2 months agoThe seafood imported from a company in Indonesia has been marketed in 13 states by retail giant Walmart, the Food and Drug Administration (FDA) said on its website.
2 months agoA lack of satisfying answers on how to reach growth goals set forth in the freshly unveiled 2026 state budget has led economists to conclude that the fiscal document is based more on political ambition rather than on technocratic calculation.
2 months agoSupply disruptions and steep surcharges, such as state gas company PGN’s tariff of $16.77 per mmbtu, are squeezing manufacturers, according to Industry Ministry spokesperson Febri Hendri Antoni Arief.
2 months agoPresident Prabowo Subianto has announced a determined crackdown on illegal mines, regardless of who runs or owns them, be they Indonesian Military (TNI) generals or politicians of his own Gerindra Party.
2 months agoDeputy Housing Minister Fahri Hamzah has said the government’s flagship 3 million homes program is unlikely to see substantial implementation this year due to bureaucratic timelines and budget constraints.
2 months agoMultiple consumer protection organizations warn that Bank Indonesia’s (BI) planned Payment ID infringes on personal privacy, while the central bank defends the platform, arguing that a user’s digital identity will only be used on the basis of consent.
2 months agoA former SKK Migas has suggested that establishing the dual-function entity dubbed BUK Migas will enhance, not replace, the role of the oil and gas regulatory body and help grow Danantara, though lawmakers have said the new entity is intended as a replacement.
2 months agoSome experts suggested developing NMC upstream and midstream capabilities while fostering LFP-related investment in module and pack assembly.
2 months agoThe Indonesian National Air Carriers Association (INACA) stated that adding more international airports would have little effect on inbound traffic.
2 months agoThe forestry minister has dismissed a rumor that over 600 luxury villas would be developed on the island in Komodo National Park, saying that such a project would fly in the face of conservation while adding that a plan to restrict visitor numbers was in the works.
2 months agoThe energy ministry has confirmed it is still pushing to launch B50 biodiesel next year, though a January rollout is unlikely primarily due to the time required to test the new blend on the road.
2 months agoMusic royalties drew public attention after noodle franchise Mie Gacoan was sued for failing to pay royalties between 2022 and 2025.
2 months agoA new regulation frees Danantara and its employees from all liabilities over any decisions made to minimize losses, provided they can demonstrate that the resulting losses were not caused by error or negligence.
2 months agoDanantara implemented the recent reform amid heightened scrutiny over SOE governance practices, following a wave of controversial political appointments to the board of commissioners.
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