An aerial photo shows the Cirata floating solar power plant that can generate 192 megawatts (MW) of peak electricity in West Java.

Clean energy pledge rings hollow amid coal subsidies

The planned 2026 budget pours more funds into fuel and coal subsidies than into renewable energy development, casting doubt on the government’s commitment to the energy transition.

17 hours ago

Regulations premium

In surprise move, BI cuts rate to ‘push’ GDP growth

Bank Indonesia (BI) has unexpectedly made a back-to-back benchmark interest rate cut in its bid to bring out the true potential of the country’s gross domestic product (GDP) growth. ...

1 day ago

Regulations

US recalls shrimp imported from Indonesia over potential radioactivity scare

The seafood imported from a company in Indonesia has been marketed in 13 states by retail giant Walmart, the Food and Drug Administration (FDA) said on its website. ...

2 days ago

The Latest

People queue to purchase subsidized cooking oil provided by local authorities in Surabaya on Feb. 18, 2022, in an effort to stabilize prices due to shortages.

Regulations premium

Cooking oil price still far above target needed to lift export ban

As the vital ingredient in Indonesian cuisine remains more expensive than the government wants, a quick resumption of crude palm oil (CPO) shipments is not in sight.

3 years ago

Richard Qiangdong Liu, founder, chairman and CEO of JD.com speaks to employees as JD.com has its initial public offering (IPO) on the Nasdaq exchange on May 22, 2014, in New York City, US.

Regulations

Over 80 firms including China's JD.com added to US SEC list facing delisting risk

Other companies include Pinduoduo Inc, Bilibili Inc and NetEase Inc.

3 years ago

Who's buying?: A ticket broker finds no-one to sell tickets to.

Regulations premium

Holiday bonuses are here, but so is inflation

As of Tuesday, the Manpower Ministry has received 4,058 reports from people claiming they had not received the holiday bonuses they were entitled to.

3 years ago

A palm oil plantation in Siak regency, Riau, is pictured on April 26, 2022.

Regulations

How Indonesia's policy stumbles over palm oil have unfolded

Months of rapid-fire government policies, including twice halting exports of palm oil, have at times both stunned and confounded global edible oil markets.

3 years ago

Workers transfer crude palm oil to tanker trucks at the Tanjung Emas seaport in Semarang, Central Java, on April 7, 2022, for distribution to cooking oil packaging factories.

Regulations premium

Palm oil export ban could cost state $1.4b a month

The government-imposed ban on exports of crude and refined palm oil is expected to cause significant revenue loss for Indonesia.

3 years ago

Workers harvest oil palm fruit at PT Kimia Tirta Utama’s oil palm plantation in Siak regency, Riau, in this undated photo.

Regulations

Crude palm oil excluded from Indonesia export ban

The ban included refined, bleached and deodorized (RBD) palm olein.

3 years ago

Bank Indonesia Governor Perry Warjiyo (left) and Bank of International Settlement general manager Agustin Cartens (right) prepare to open the G20 Techsprint 2022 event on April 25.

Regulations premium

BI head calls for global principles on CBDCs

Bank Indonesia Governor Perry Warjiyo said central bank digital currencies (CBDCs) were a potential alternative to cryptocurrencies, but he highlighted several principles to be considered before central banks take the plunge.

3 years ago

A shelf stands almost empty of packaged cooking oil on Jan. 27, 2022 at a supermarket in Bekasi, West Java.

Regulations premium

Indonesia to ban exports of cooking oil, ingredients

The government has announced a ban on the export of cooking oil and cooking oil ingredients starting April 28 to ensure adequate supplies of the staple product at home.

3 years ago

President Joko 'Jokowi' Widodo (second right in white) visits a Hyundai factory that produces the electric car “Ionic 5” in Bekasi, West Java on on March 16.

Regulations premium

Bappenas to focus on raising productivity in 2023

The policy is hoped to put Indonesia back on track with its 2045 development goals.

3 years ago

Indonesia’s Finance Minister Sri Mulyani addresses the second G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Washington, US, on April 20, 2022. She reminds G20 countries about the critical role of multilateralism to mitigate economic risks caused by Ukraine war.

Regulations premium

Indonesia stresses need for cooperation in global economic recovery

Finance Minister Sri Mulyani Indrawati is putting on a brave face in her Group of 20 (G20) leadership role amid geopolitical tensions, stressing that more multilateralism and cooperation are needed to safeguard the global economic recovery.

3 years ago

The PHAROS internet surveillance platform is displayed on a screen during the 10th International Cybersecurity Forum in Lille on Jan. 23, 2018.

Regulations

EU nears deal on massive tech services regulation

The European Union could agree on Friday a new regulation imposing unprecedented curbs on online content, the second part of its massive project to regulate tech companies.

3 years ago

A soldier tries out an SS2 subsonic 5.66 assault rifle made by state-owned PT Pindad at the Defense Ministry building in Jakarta on June 9, 2016. Pindad has been acquired by state-owned PT LEN to form a new defense holding company.

Regulations premium

Govt debuts state-owned defense holding firm

Defense Minister Prabowo Subianto expects the company to be the 50th-biggest defense firm in the world by 2024.

3 years ago

This handout photo made available by Greenpeace shows one of the NGO’s activists holding an antiwar placard in front of the supertanker Pertamina Prime off the coast of Denmark on March 31, 2022.

Regulations premium

Pricy oil may cost Indonesia Rp 190t more in subsidy spending

The government may need to spend Rp 190 trillion (US$13.23 billion) more than planned to cover swelling subsidies as surging international oil prices drive up the cost of fuel imports.

3 years ago

Garuda Maintenance Facility (GMF) AeroAsia workers clean a Garuda Indonesia Boeing 737-800 NG plane at Soekarno-Hatta International Airport near Jakarta on Jan. 21.

Regulations premium

Govt allows higher airfares in response to fuel price hike

The Transportation Ministry has allowed airlines to hike ticket fares to cover higher aviation fuel costs following a surge in global oil prices.

3 years ago

The Bank Indonesia (BI) headquarters in Jakarta on May 8, 2014.

Regulations premium

Bank Indonesia holds rate, lowers GDP growth forecast

The Ukraine war and surging prices are seen to be limiting Indonesian exports and spending.

3 years ago

Communications and Information Minister Johnny G. Plate during a meeting with the House of Representatives in Jakarta on Oct. 16, 2021.

Regulations premium

Press Council goes ahead with rule for Big Tech to pay for news

The council handed an academic paper on regulating publisher's rights to the information ministry, which is expected to draft a regulation.

3 years ago

Motorcycles line up for Pertamax fuel oil in this undated photograph.

Regulations premium

Energy Minister signals more price hikes for fuel, electricity

The price adjustments are part of the government's strategy to reduce fiscal pressures as global commodity prices surge.

3 years ago

A worker in protective clothing works at a ferronickel smelter owned by PT Aneka Tambang (Antam) in Pomalaa, Central Sulawesi, in May 2019.

Regulations premium

Indonesia maps rare earth reserves for industry goals

Rare earth elements are used in a long list of products including high-tech electronics, EV batteries and wind turbines.

3 years ago

A general view of the Ardennes Ferrero factory in Arlon, Belgium, on April 8.
Italian confectionery group Ferrero said on April 6 it was extending a recall of its Kinder chocolate eggs in the United Kingdom and Ireland over possible links to salmonella cases, just 10 days before Easter.

Regulations premium

BPOM orders suspension of Kinder chocolate sales

The Food and Drug Monitoring Agency (BPOM) gave the order after British health authorities identified a link between the product and dozens of salmonella poisoning cases.

3 years ago

Japan's Prime Minister Fumio Kishida takes part in a press conference to update the country about the Covid-19 coronavirus pandemic and certain border restrictions, in Tokyo on February 17, 2022.

Regulations

Japan ends Russian coal imports, expels diplomats

The move comes as Ukraine's allies step up pressure on Moscow after allegations that Russian troops killed civilians in areas around Kyiv.

3 years ago

House Commission XI chairman Kahar Muzakir (middle), House Commission XI deputy chairman Amir Uskara (left) and Dolfie O.F.C (right) after reading the lawmakers decision on new commissioners of the Financial Services Authority (OJK) supervisory body on April 8.

Regulations premium

House selects new OJK leadership

Seasoned technocrat Mahendra Siregar was chosen as OJK chair.

3 years ago

A fintech app on a smartphone on display during the 2019 Indonesia Fintech Forum in an undated photo.

Regulations premium

Govt to start taxing P2P lending, e-wallet services

Taxes will be imposed on gains from P2P lending and on service fees from e-wallets.

3 years ago

Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan speaks on Nov. 18, 2021 at the Army Staff and Command School in Bandung, West Java.

Regulations premium

Govt plans gradual hikes for Pertalite, 3kg LPG

The government is bracing to gradually raise the price of all subsidized fuels, as the state budget may be unable to absorb all the impact from the global surge commodity prices, but has promised it will be careful in its timing and public communication.

3 years ago

Finance Minister Sri Mulyani Indrawati (right) and Taxation Director General Suryo Utomo promote the new Harmonized Tax Law to the public and business associations in Nusa Dua, Bali on Nov. 19, 2021.

Regulations premium

Higher VAT rate comes into effect

The government increased value added tax (VAT) on Friday as part of a tax reform introduced by the 2021 Harmonized Tax Law.

3 years ago

Convenient option: An online transportation bike drives through the Hotel Indonesia traffic circle in Central Jakarta, in this undated photograph.

Regulations premium

Lawmakers to add ride-hailing rules in new transport law

House lawmakers met representatives from Gojek, Grab and Maxim to discuss the new rules.

3 years ago

A gas station worker in Bintuni, West Papua, serves customers in this undated photograph. The government is promoting biofuels such as B30 biodiesel to reduce the country's dependence on fossil fuels.

Regulations premium

B40 biodiesel plan delayed again on high CPO prices

The Energy and Mineral Resources Ministry said it would "prioritize stability" amid rising crude palm oil (CPO) prices.

3 years ago

Representatives of signatory countries are pictured on screen during the fourth Regional Comprehensive Economic Partnership (RCEP) Summit held online during the ASEAN Summit on Nov. 15, 2020.

Regulations premium

Government likely to miss RCEP ratification target in Q1

Indonesia is likely to close its first quarter this year without ratifying the Regional Comprehensive Economic Partnership (RCEP), potentially losing out on multiplier effects from the world’s largest free trade agreement.

3 years ago