The country’s largest fuel retailer has lowered the price of its Pertamax Turbo, Dexlite and Pertamina Dex fuel brands for the first time this year to adjust to declining global crude prices and promote the use of unsubsidized fuels.

Purchase restrictions may be required to prevent an imminent shortage of Pertalite gasoline and Solar diesel amid surging consumption of the two subsidized fuel brands and their consequent dwindling supply.

Indonesia's membership in the Regional Comprehensive Economic Partnership (RCEP) will invigorate a wide range of sectors in the country, including food and transportation, a minister has said.

Indonesia’s House of Representatives on Tuesday passed a law cementing the country's membership in the Regional Comprehensive Economic Partnership (RCEP), making it the latest Southeast Asian nation to join the world's biggest trade bloc.

Indonesian Vice President Ma’ruf Amin expressed hope that the next Group of Twenty presidency would fare better in fostering global cooperation after seven countries played truant at this week’s Supreme Audit Institutions 20 (SAI20) Summit hosted by Indonesia in Bali.

The government is set to roll out three social aid schemes worth US$1.62 billion (Rp 24.17 trillion) in a bid to strengthen people's buying power amid the risk of inflationary pressure, as a result of an expected subsidized fuel price hike.

The move comes after the ministry said it had considered “various recent developments in society.”

Policymakers will seek to offset the effects of a planned increase in the subsidized price of Pertalite motor fuel with a bump in social assistance spending, a minister has said.

The government is aiming to rake in more nontax revenue through its new coal royalty scheme, which an analyst expects will cut into miners' net income by a maximum 6.5 percent.

Indonesia may provide another Rp 200 trillion worth of subsidies if no decision is made to increase the price of subsidized fuel, as consumption is once again projected to exceed expectations.

Bank Indonesia has raised its benchmark rates for the first time in five years in a "preemptive" move to anticipate rising core prices, while warning that headline inflation could exceed 5 percent by the end of the year.

In his annual state address, President Joko “Jokowi” Widodo vowed that work on Indonesia’s planned new capital would continue, even as questions remain as to how the enormous project will be financed.

Bank Indonesia has announced a “national movement” to help push food inflation down to between 5 percent and 6 percent by the end of the year.

The Financial Services Authority (OJK) will decide what interest rates peer-to-peer lenders may impose on borrowers in a move that some claim could kill a vital segment of the fintech industry.

Land Transportation Directorate General of Transportation Ministry announced a new ceiling and floor price for two-wheeled online-ride-hailing services on Monday, urging related companies to adjust to the new fares immediately, within the 10-day time span the ministry provided.

The government has made an upward adjustment to the fuel surcharge cap as the domestic aviation industry reels from a surge in global fuel prices and purchasing power remains low.

The once in a blue moon budget surplus Indonesia achieved in the first six months of 2022 will prove unsustainable for the full year, experts say.

In the first half of the year, the government collected Rp 1.83 trillion (US$128 million) in fines from 240 mining companies that failed to comply with the country’s domestic market obligation (DMO) for coal. 

The legislature looks set to approve an additional state capital injection for fiscal year 2023 to tackle the massive cost-overrun in the development of the Jakarta-Bandung railway link.

The country's airlines have been under pressure from increased fuel costs amid high global crude oil prices.

After the higher-than-expected inflation reading last month, the central bank has reaffirmed that it would only hike its key interest rate if there were significant signs of demand-induced inflation.

PT Pertamina Patra Niaga, a subsidiary of state-owned oil and gas company Pertamina, has postponed the enforcement of restrictions on the purchase of its subsidized RON-90 fuel and diesel fuel, which were supposed to become effective on Aug. 1.

Here is the lowdown on the four points that energy transition advocates find problematic in the latest version of Indonesia's new and renewable energy (NRE) bill.

In a high-level forum organized by the G20 Trade, Investment and Industry Working Group (TIIWG) on Tuesday, Word Trade Organization Director-General Ngozi-Okonjo Iweala said strategic rivalry was a "reality of our times" but should not hamper economic development.

The Finance Ministry has collected more than Rp 2.5 trillion (US$166.8 million) in value-added tax (VAT) and income tax obtained from digital companies and services in the first six months of this year as it taps new revenue streams to offset higher spending and keep fiscal consolidation on track.

The government has allowed intellectual property to be used to access financing in a bid to boost the country’s creative economy, but wide-scale adoption of the scheme will take time.

The Finance Ministry has extended several pandemic-related tax incentives until the end of this year, as the government seeks to buttress the economic recovery.

While the levy exemption might help boost CPO exports in the short term, critics say that the key to stabilizing FFB prices is to involve farmers in determining them.

The government says five oil and gas working areas and one exploitation working area offered across the country through the first bidding round this year come with “more attractive” terms and conditions.

Bank Indonesia has held the country’s most important interest rate at 3.5 percent while central banks around the world are hiking rates in response to growing price pressure.