Jokowi said that if Indonesia lost the EU case at the World Trade Organization, the government would keep appealing even if it took the next five to 10 years.

The government has just added two commodities to the list of staple food commodities and assigned additional roles to the State Logistics Agency (Bulog) to help stabilize domestic supplies, but experts warn that challenges in dealing with the food-reserves supply chain would remain.

The government plans to raise the cigarette excise by an average 10 percent annually over the next few years, continuing its longstanding effort to bring down tobacco use despite the recent acceleration of inflation.

Years behind schedule, the high-speed railway link to connect Jakarta with Bandung is set for a trial this month in preparation for commercial operations planned to commence in June of next year. However, experts have not ruled out further delays.

The Indonesia Stock Exchange (IDX) is set to work with MetaVerse Green Exchange (MVGX) to prepare for its first carbon credit trading platform in a bid to incentivize domestic high-emitting industries to reduce their emissions.

The Energy and Mineral Resources Ministry on Oct. 11 finally passed Energy Ministerial Decree No. 245/2022, which revised Energy Ministerial Decree No. 62/2022 on the price formula to calculate the retail price of gasoline and diesel distributed in gas stations.

Finance Minister Sri Mulyani said Indonesia would welcome cheaper crude to alleviate pressure on its state budget – if the G7's proposed price cap on Russian oil was passed and if it worked.

The Investment Ministry is mulling over plans to restrict shipments of tin ingots in an effort to attract investment in processing it at home, but experts question whether an export ban could actually have a positive impact on the downstreaming of metal products

The Indonesian government has announced incentives including tax holidays and a tax deduction to increase the attractiveness of its megaproject for a brand-new city to be built in Kalimantan.   

The plan is to promote the sale of higher value foodstuffs, building on the strong ties Brazil and Islamic nations have built over the years to trade in unprocessed agricultural products.

Hydroelectric power was once slated to spearhead Indonesia’s transition to renewable energy, but despite the abundant potential, industry players are reluctant to invest because of what analysts see as excessive bureaucratic hurdles.

The dollar has strengthened in recent months as Bank Indonesia has been raising its benchmark interest rate at a slower pace than the United States Federal Reserve.

A new omnibus bill is poised to pave a way for politicians and lawmakers to tighten their grip on authorities in the financial industry, raising concerns among experts and professionals that it may undermine governance of the sector.

A world-first block-to-block air transportation agreement between the ASEAN and the European Union promises passengers an increased number of flights and more destinations for travel between the two regions.

At their final meeting under Indonesia’s chairmanship this year, finance ministers and central bankers of the Group of Twenty (G20) members agreed to support countries in debt distress.

New rules on the pricing of low-carbon electricity are meant to boost investment in renewable energy, but experts warn that will not happen unless the government is on track with its renewable-energy infrastructure procurement, which would require a vast push in construction.

Indonesian officials have proposed to the Group of 20 a set of possible solutions to a looming global food crisis as geopolitical tensions threaten food and fertilizer supplies worldwide.

The World Bank said on Monday it is launching a trust fund aimed at pooling public funds to provide grants for projects to reduce carbon emissions, including decommissioning coal-fired power plants.

The Indonesian steel industry is expected to reinvigorate domestic production in 2023, after the government introduced a commodity balance scheme in a bid to manage imports and local outputs flow to support a surging demand for the metal goods. 

The Financial Services Authority (OJK) has expanded its regular monitoring of financial inclusion and literacy to the fintech industry to gauge the accessibility of services, as well as people’s understanding of those services.

President Joko “Jokowi” Widodo has urged his ministers to scale up the country’s food estate megaproject to boost agricultural productivity, even as technical problems continue to plague the program in its third year.

The government will continue to waive export levies on palm oil products, allowing the world’s largest supplier to keep boosting shipments abroad for the rest of this year.

The Agriculture Ministry’s Quarantine Agency (Barantan) announced that 1,940 tonnes of quarantined imported goods, which had been detained for 35 days, had finally passed health inspections and been released from facilities.

The government is preparing a regulation draft on carbon capture storage (CCS) and carbon capture utilization and storage (CCUS) as the country seeks to push its adoption to reduce carbon emissions from hard-to-abate industries, but whether this will be effective depends largely on a working financing mechanism.

The House of Representatives passed the 2023 state budget bill into law, restoring a targeted shortfall of below 3 percent, which has been detaining Indonesian fiscal expansion for the past three years due to the COVID-19 pandemic.

The Indonesian Ombudsman has urged the Agriculture Ministry and other government bodies to solve a horticulture imports conundrum that has seen billions of rupiah worth of goods detained.

State-owned electricity monopoly PLN has canceled its electric stove conversion program, two days after the company said that it had begun a trial with a total of 2,000 beneficiaries.  

The trade and investment meeting got all countries to agree on the need to reform the WTO. And Indonesia hopes the Bali Compendium it introduced gives it the upper hand in a dispute on nickel exports.

Bank Indonesia (BI) has passed its second key interest rate hike this year, just a day after the United States Federal Reserve raised rates by 75 basis points (bps) for the third time in a row.

Presidential Regulation No. 112/2022 is expected to help EVs become cleaner as it stipulates the early retirement of coal-fired power plants and provides a “relatively good” pricing scheme for electricity generated from renewables, making NRE projects more appealing to investors.