Trade Ministry International Trade Negotiations Director General Djatmiko Bris Witjaksono insists Indonesia could appeal a WTO decision or use other means to protect its strategic interests.

To encourage local production, the Agriculture Ministry aims to expand the soybean planting area by 600,000 hectares in 2023.

The Indonesian Ombudsman estimated importers had to suffer a total loss of around Rp 3.2 billion (US$214,240), consisting of Rp 2.43 billion in utility costs and Rp 777 million in demurrage fees.

The government is pushing consumers to rely more on electricity and less on oil or gas as part of the country’s energy transition, but environmentalists and a researcher have told The Jakarta Post the move, for now, means little more than shifting from one fossil fuel to another.

The Energy and Mineral Resources Ministry aims to implement measures to reduce Indonesia’s dependence on imported liquefied petroleum gas (LPG).

President Joko “Jokowi” Widodo has mandated the use of electric vehicles (EVs) for government officials across the country in a move aimed at expediting the country’s transition to battery-powered transportation, but experts say that this alone will not mean the general public will follow suit.

After the recent fuel price hikes, some wonder why even supposedly unsubsidized gasoline in Indonesia is still priced far below global standards despite the high cost of oil imported to the country. And it has a lot to do with definitions.

The government has revised up its revenue projection for next year’s state budget, banking on higher income from taxes and extractive industries, but a planned hike in spending means this will not translate into a lower deficit.

Electric vehicle producers in Indonesia are expecting drivers to switch to battery power as rising gasoline and diesel prices make combustion engines less appealing.

The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year to three US companies -- KLA Corp, Lam Research Corp and Applied Materials Inc, the people said, speaking on the condition of anonymity. The plan for new rules has not been previously reported.

The International Monetary Fund is reportedly looking for ways to provide emergency funding to countries facing war-induced food price shocks and will discuss measures at an executive board meeting on Monday.

Planned regulations aimed at strengthening data protection in Indonesia pose a significant threat to companies found to be noncompliant.

The government says the ICP set for next year takes into account the prospects of a spike in world oil consumption during the winter as well as disrupted supplies from Russia.

India exports rice to more than 150 countries, and any reduction in its shipments would increase upward pressure on food prices, which are already rising because of drought, heat-waves and Russia's invasion of Ukraine.

Two large transportation groups have objected to the government's new fare structure for on-demand motorcycle taxis, saying the adjusted fares were disproportionate to the recent fuel hike.

While some multinational companies have been putting solar photovoltaic (PV) panels on their buildings in Indonesia, significant growth in green energy infrastructure won’t happen until the government creates an enabling environment, experts say.

The Transportation Ministry has taken several steps to avoid steep price rises, namely by adjusting the tariff on economy-class public transportation, especially on land transportation modes. 

Palm farmers have expressed hope that low prices of fresh fruit bunches will start to rise significantly on the back of extended CPO export levy waiver, but warned that the policy will be in vain if regulations are poorly implemented.

The government is considering changing pricing guidelines for poultry to stem a persistent dip in the price of chicken meat at the farmer level amid high input costs.

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.