The Financial Services Authority (OJK) has announced its priorities in the banking and nonbanking sector, as well as the capital market, following the inauguration of the regulator’s new leaders.

The United Nations Development Program (UNDP) is working with the Indonesian Chamber of Commerce and Industry (KADIN) to push initiatives ranging from clean energy to human rights in the private sector.

Tourists will be charged a conservation fee of Rp 3.75 million to visit Labuan Bajo’s tourist hotspots in an effort expected to limit the number of visitors to some 200,000 a year.

The oil and gas deficit is likely to grow larger, with projections indicating a sharp rise in consumption in the coming decades to 2050.

The decision by the world's biggest palm oil exporter could further depress prices, which have fallen by about 50 percent since late April to their lowest in over a year.

Indonesia, as the current president of G20, repeatedly berated the WTO for its inability to bring justice for developing countries in the international trade system, especially in the case of Jakarta's trade disputes with the European Union.

IMF warns that central bank digital currency (CBDC) may lower competitiveness of a currency in its country of origin, risking its sovereignty over stronger, foreign exchange.  

The government is enacting the nationwide B35 biodiesel program by the end of July as an effort to boost the domestic use of palm oil to help raise CPO prices.

Civil groups call regulations authoritarian, causing public disturbance

The Standing Lending Facility rate was raised to 15.50 percent while the Standing Deposit Facility Rate rose to 14.50 percent, the highest in 21 years.

In a media briefing in Surakarta, Central Java, Investment Ministry spokesperson Tina Talisa said around 1.5 million businesses had received a business identification number (NIB) since the start of the year.

The incentives include a streamlined visa process, faster access to the financial and banking system and attractive commercial and residential leasing, Trade Minister Thani Al Zeyoudi told a news conference in Dubai.

Asked if the Singapore Food Agency (SFA) has received any indication from the Malaysian authorities as to when they might review or end the ban, Minister for Sustainability and the Environment Grace Fu said: “The answer is no.”

The second tax amnesty has dug up almost US$40 billion in hidden assets declared by Indonesian taxpayers, yielding over Rp 61 trillion in additional tax revenue.

In a Facebook post on Thursday (June 30), the Singapore Food Agency (SFA) said Indonesia has been approved as a new source of frozen, chilled and processed chicken meat for the country.

The government is optimistic that the budget deficit will drop to less than 4 percent of GDP this year despite increased spending to shield Indonesians from global shocks.

Pertamina now requires that customers register their vehicles on its website to buy subsidized gasoline or diesel. That way, the state-owned oil and gas company seeks to ensure the costly measure is not abused.

Russia’s invasion of Ukraine could accelerate the world’s transition to clean energy, Lord Mayor of the City of London Vincent Keaveny told The Jakarta Post.

The government will require the use of its COVID-19 app PeduliLindungi for the purchase of bulk cooking oil in a bid to prevent hoarding or other malfeasance.

Organized workers have registered a petition for a judicial review of the 2011 Law on the drafting of laws and regulations, which serves as the legal framework for the controversial Job Creation Law.

The government could delay implementing the carbon tax for a second time.

The decision, which Juul said it would appeal, clears the way for rival brands to increase their share of the market it once dominated.

Indonesia’s central bank will not increase its benchmark seven-day reverse repo rate (7DRRR) nor its lending or deposit facility rates, even though it anticipates full-year inflation slightly above its target range.

Indonesia’s Transportation Ministry is pushing for progress on infrastructure work carried out in cooperation with Japan.

A timeline shared with the public shows that next month is packed with events aimed at finalizing the trade agreement.

The government plans to raise the royalty on tin in a bid to gain more revenue amid surging commodity price, the Energy and Mineral Resources Ministry said on Tuesday.

White House officials discussed options on Friday with Biden for reducing some of former President Donald Trump's punitive duties on China, including potentially substantial cuts, three of the sources said. The scale of any potential final move is not yet decided, they said.

WTO director-general Ngozi Okonjo-Iweala said the trade ministers' conference had struck an "unprecedented package of deliverables" after the global trade body's 164 members passed the deals just before 5:00 am (0300 GMT) at the organisation's headquarters in Geneva.

Countries were still negotiating on deadline day Thursday after frantically haggling through the night in a bid to salvage deals on food security, fishing and combating COVID-19 at the World Trade Organization's first conference in nearly five years.

Negotiations towards banning subsidies that encourage overfishing and threaten the sustainability of the planet's fish stocks have been going on at the World Trade Organization for more than two decades.