Foreigners who have lived in Indonesia for years or decades are anxious about new visa rules that will kick in later this month and require that retirees hold substantial funds in the country.

The government and the House of Representatives have reinstated a ban on party politicians running for executive posts at the country's monetary or financial institutions, which was eliminated in the 2004 revision of the Bank of Indonesia Law.

The House of Representatives and government have agreed on a clause in a new financial bill to allow former politicians to stand as central bank governor, three sources familiar with the discussions told Reuters.

The American Chamber of Commerce in Indonesia (AmCham) has called on the government to reform issues inhibiting US investment in Indonesia.

Congressmen Sandro Marcos and Martin Romualdez -- the president's son and cousin respectively -- are among the six authors of the bill filed to the House of Representatives and will be examined by several committees before being debated in the house.

The European Union agreed on Tuesday on a new law to prevent companies from selling into the EU market soy, beef, coffee and other commodities linked to deforestation around the world.

The country's EV industry association is optimistic that the government's plan to issue a purchase subsidy for electric motorcycles, possibly with one for electric cars to follow, will drive local EV adoption.

The European Union should file a complaint with the World Trade Organization (WTO) in the next few months regarding the United States' green energy subsidy package, the head of the European Parliament's trade committee was reported as saying on Sunday.

The EU agreed the price after holdout Poland gave its support, paving the way for formal approval over the weekend.

Bank Indonesia has announced that its roadmap for the country’s own central bank digital currency (CBDC) named the “digital rupiah” will start with a wholesale design, in a move that may bring the country closer to finally implement the long-awaited digital currency.

Bank Indonesia (BI) Governor Perry Warjiyo emphasized on Wednesday the need to adjust interest rates early to control inflation, which is near its highest rate in seven years.

Yoon held a video call with Tesla Chief Executive Elon Musk last week and Yoon's office cited Musk as saying South Korea is among the top candidate locations for a new Tesla factory. 

Industry leaders in the food commodities sector have raised prevailing issues with the SNNK, including product categories in the HS Code and the requirement to submit a whole-year import plan.

The Financial Services Authority (OJK) has extended the loan-restructuring program for certain businesses that it believes still require more time to recover from the COVID-19 pandemic and to withstand a global slowdown next year. 

Informed by the hefty cost overruns of the Jakarta-Bandung railway project, the proposed regulation appears aimed at avoiding a repeat of mistakes in future high-speed rail development.

In the deliberation of the financial sector bill, the government has proposed changes that would ban political party figures from sitting on boards of the central bank and other watchdogs after the draft initiated by lawmakers had raised concerns about the bodies’ independence.

Earlier on Thursday representatives of the EU's 27 governments met in Brussels to discuss a G7 proposal to set the price cap in the range of $65-$70 per barrel, but the level proved too low for some and too high for others.

The government issues new rules for determining minimum wages as labor and business fail to find common ground.

A new bill currently being deliberated looks set to legalize bullion bank services in the country, but experts warn such a step may carry risks for the country’s financial system and are urging the authorities to set up measures to contain the risks.

The government has admitted that the World Trade Organization ruling on its nickel export ban was in favor of the European Union but vows to appeal in a process that could buy the country years of time to build up domestic processing industries.

President Joko “Jokowi” Widodo has called on his ministers to be prudent in policymaking as the country prepares to enter 2023.

Indonesia and Chile have added a services trade protocol to their bilateral trade agreement as the two emerging economies brace for a potential global recession.

The Asian Development Bank has approved a US$500 million loan to support Indonesian government efforts aimed at improving the efficiency, resilience and corporate governance of state-owned enterprises (SOEs).

Leaders of the Group of 20 (G2) major economies said on Wednesday their central banks will continue to calibrate the pace of monetary policy tightening, while being mindful of the need to limit "cross-country spillovers."

Central banks from five ASEAN member states have inked a memorandum of understanding (MoU) on regional cross-border payments between countries, in a move that will bring multiplier effects to people and businesses within the region.

The United States is pressing China and other G20 members to do more on debt relief for the world's poorest countries, a senior US official said Tuesday.

Indonesia, the Asian Development Bank and a private power firm are teaming up to refinance and retire early the first coal-fired power plant under a groundbreaking new carbon emissions reduction project that moves from concept to reality on Monday.

Indonesia’s business community and the government have issued calls for peace amid a lack of global cooperation due to geopolitical conflict.

More than 1,000 shipments of solar energy components worth hundreds of millions of dollars have piled up at US ports since June under a new law banning imports from China's Xinjiang region over concerns about slave labor, according to federal customs officials and industry sources.

Taiwan hopes to sign a trade deal with Britain and deepen cooperation with new Prime Minister Rishi Sunak's government, President Tsai Ing-wen told a British minister visiting Taipei on Wednesday in defiance of Chinese demands such trips stop.