Pertamina is working on a smartphone app to ensure that people who are not eligible can no longer purchase subsidized gasoline.

The new rules seek to prevent conflicts of interest and ensure that leaders of state-owned enterprises (SOEs) are held accountable for losses.

The Finance Ministry has said that the government is phasing out the many tax incentives it introduced to buoy consumers and producers during the coronavirus pandemic.

The planned electricity hike would reduce budget spending by Rp 3.09 trillion (US$210 million) with minimal impact on inflation, the government announced on Monday.

The World Trade Organization's first ministerial meeting since December 2017 is wrestling with the wording of a text that would temporarily waive patents on coronavirus jabs.

The director-general from Nigeria said the world had changed since the WTO's last ministerial conference nearly five years ago.

The aim is to "flush out" shipments, Coordinating Maritime Affairs and Investment Minister Luhut Binsar Panjaitan said on Friday, but the frequent policy changes have unnerved edible oil markets and heightened concerns over global food prices at time when the Ukraine conflict has deprived markets of a chunk of sunflower oil supply.

The sources, who declined to be named as the talks were private, said the government was considering mandating that importers seek a licence from the authorities, replacing the existing free-import regime.

Indonesia's legislature is proposing the inclusion of coal-based energy and nuclear power as "new energy" sources in a draft of a new bill seen on Wednesday, which also proposes renewable energy compensation and incentives.

Indonesia has vowed to focus on energy security in its G20 chairmanship as the transition to clean power appears to have become a lesser concern for many countries.

Investment Minister Bahlil Lahadalia says exporting electricity generated from renewable sources could hamper the development of domestic industries, but other government officials say a ban may raise eyebrows among foreign investors.

The government plans to hike electricity prices for consumers in the 3,500-volt-ampere category and above, in line with an earlier decision to reduce pressure on the state budget amid surging commodity prices.

An association representing smallholder farmers said it had not seen a significant rise in FFB prices since the ban was lifted on May 23.

China and Papua New Guinea held talks on a free-trade deal Friday, as Beijing's foreign minister wrapped up a landmark tour of the Pacific Islands with a stop in the resource-rich nation.

China has launched a US$120 billion credit line for infrastructure projects, state media reported, as Beijing tries to jump-start its ailing economy, which has been pounded by the country's zero-COVID measures.

The subsidy was introduced in January to compensate cooking oil producers for selling below market prices.

At the recent ASEAN Economic Ministers’ (AEM) Special Meeting, the government has pushed for progress on a long-time initiative to create an integrated regional power grid.

The new regulation on bulk cooking oil distribution creates a closed loop system within the domestic supply chain.

Activists are urging regulators to exclude nuclear energy development from the new and renewable energy (NRE) bill, arguing that it would hinder Indonesia’s energy transition.

The ban was lifted on Monday but palm oil producers are yet to fully resume exports of the commodity due to regulatory uncertainty.

Australia's economy minister called on China Wednesday to drop punishing trade tariffs if it wants to thaw frozen relations, after Beijing sent a message signaling it is ready to improve ties.

Traders were on Monday waiting for details on the DMO and other rules to be made public.

The domestic market obligation (DMO) policy, which was discontinued in March, has been brought back in a bid to stabilize cooking oil prices once the export ban is lifted.

The President did not say whether the policy change would apply to crude palm oil (CPO) or other derivatives thereof.

Finance Minister Sri Mulyani Indrawati has proposed a nearly Rp 291 trillion (US$19.83 billion) increase in subsidies and compensation as the government seeks to keep fuel and electricity affordable despite a global energy price surge.

The Indonesian Oil Palm Farmers Association say the palm oil export ban has led to a drop in prices for fresh fruit bunches.

Economist Lin Che Wei allegedly helped several companies get palm oil export permits, even though they had not met the requirements for those permits.

Indonesia is gearing up to host the third G20 finance chiefs' meeting in July in Bali, with choice agenda items including a global corporate tax scheme and health financing.

Finance Minister Sri Mulyani Indrawati is ready to increase budget spending to protect consumers – and economic recovery – amid surging inflation.

Foot-and-mouth disease has infected thousands of cattle in several provinces of Indonesia and could increase demand for imported beef.