Finance Minister Purbaya Yudhi Sadewa pointed to several urgent problems requiring immediate action, including the smuggling of illegal goods and widespread under-invoicing in both imports and exports.

Businesses and analysts stressed that any legal action against private companies and their executives must be carried out properly and transparently to prevent perceptions of selective or politically driven prosecution.

The Transportation Ministry has reiterated that the airfield holds valid permits and is operating in accordance the applicable regulations.

Businesses have urged the government to stick to the formula set out under Government Regulation No. 51/2023, which ties wage adjustments to regional economic growth, inflation and an index capturing local productivity and business capacity.

During a recent public consultation on revisions to Presidential Regulation No. 112/2022, the government floated additional exemptions for new coal-fired power plants, framing them as necessary to maintain “system reliability and energy independence.”

Aceh chairman of the business chamber Muhammad Iqbal argued that the import fell squarely within the rules of the special economic zone in the area.

Led by the Agriculture Ministry, the government has launched an investigation to discover the parties behind a 250-tonne shipment of rice illegally imported to Sabang, in breach of food import rules.

Most cases flagged through the ministry’s new labor complaints platform, Lapor Menaker, are tied to industrial relations and wages, followed by cases involving social security and working hours.

The government plans to impose exit duties on gold next year in a bid to increase state revenue and keep more of the precious metal inside the country for saving or further processing.

Expended underground mining is jeopardizing the coal industry’s and the government’s commitment to the Global Methane Pledge, a pact to cut methane emissions by at least 30 percent by 2030.

Bank Indonesia (BI) has kept its benchmark interest rate unchanged for a second month after recently decreasing it by 25 basis points (bps) in each of three consecutive meetings. The central bank has revised up its gross domestic product projection for the year.

The Asian Development Bank (ADB) has approved a $470 million results-based loan for state-owned electricity provider PLN to expedite Indonesia’s transition to renewable energy.

United States prosecutors on Tuesday unveiled charges against eight men accused of belonging to a global network that made tens of millions of dollars trading on inside information about the finances and merger plans of numerous companies for years.

The Constitutional Court struck down a legal provision allowing developers in Indonesia’s future capital to hold land rights for up to 190 years, adding uncertainty for investors already wary of the megaproject.

The International Labour Organization is facing a "serious" and "unprecedented" financial crisis as it grapples with dramatic cuts in international funding, its chief warned Monday.

Mining firms are urging the government to revise the domestic coal price benchmark, arguing that rising production costs make the current domestic market obligation (DMO) scheme unviable, even as authorities consider raising the mandatory sales quota.

Based on the latest projections, the Finance Ministry expects to collect less than half of what the state had hoped to secure from tax evaders by the end of the year.

The government’s move to effectively restrict new smelter projects has drawn industry concern over the scope of the smelter moratorium, specifically whether it applies to companies that secured their business licenses before the new rules took effect.

In addition to food provision, BGN is also planning to open more than 8,000 kitchens in remote areas, which would require an extra Rp 14.1 trillion.

Tighter integration between banks, insurers and online travel portals could spur the pilgrim travel economy and give rise to products catering to individual travelers, balancing accessibility with consumer protection.

The government estimates that the poultry farming initiative could create around 3 million direct and indirect jobs over the next four years.

In a regulation signed in June, President Prabowo Subianto redefined the under-construction city of Nusantara as a “political capital”, marking a shift from former president Joko “Jokowi” Widodo’s vision of “global green city” built to international standards to symbolize the country’s transformation by 2045.

The merger process involving PT Pertamina Patra Niaga, PT Kilang Pertamina Internasional and PT Pertamina International Shipping is expected to be concluded by Jan. 1.

The government has put back in motion a long-delayed plan to redenominate the rupiah, likely by cutting off three zeros, but economists warn the plan could cause more problems than it solves.

Indonesia’s central bank currently holds only 80 tonnes of gold, just 5.9 percent of its total reserves.

The 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.

September'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.

The President also instructed that the high-speed railway project be extended to Banyuwangi, East Java, broadening the expansion plan that was initially intended to reach only Surabaya.  

The scheme will offer interest rates as low as 0.5 percent to regional administrations with eligible projects and will be channeled through state-owned infrastructure financing firm PT Sarana Multi Infrastruktur (SMI).  

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.