In his annual state address, President Joko “Jokowi” Widodo vowed that work on Indonesia’s planned new capital would continue, even as questions remain as to how the enormous project will be financed.

Bank Indonesia has announced a “national movement” to help push food inflation down to between 5 percent and 6 percent by the end of the year.

The Financial Services Authority (OJK) will decide what interest rates peer-to-peer lenders may impose on borrowers in a move that some claim could kill a vital segment of the fintech industry.

Land Transportation Directorate General of Transportation Ministry announced a new ceiling and floor price for two-wheeled online-ride-hailing services on Monday, urging related companies to adjust to the new fares immediately, within the 10-day time span the ministry provided.

The government has made an upward adjustment to the fuel surcharge cap as the domestic aviation industry reels from a surge in global fuel prices and purchasing power remains low.

The once in a blue moon budget surplus Indonesia achieved in the first six months of 2022 will prove unsustainable for the full year, experts say.

In the first half of the year, the government collected Rp 1.83 trillion (US$128 million) in fines from 240 mining companies that failed to comply with the country’s domestic market obligation (DMO) for coal. 

The legislature looks set to approve an additional state capital injection for fiscal year 2023 to tackle the massive cost-overrun in the development of the Jakarta-Bandung railway link.

The country's airlines have been under pressure from increased fuel costs amid high global crude oil prices.

After the higher-than-expected inflation reading last month, the central bank has reaffirmed that it would only hike its key interest rate if there were significant signs of demand-induced inflation.

PT Pertamina Patra Niaga, a subsidiary of state-owned oil and gas company Pertamina, has postponed the enforcement of restrictions on the purchase of its subsidized RON-90 fuel and diesel fuel, which were supposed to become effective on Aug. 1.

Here is the lowdown on the four points that energy transition advocates find problematic in the latest version of Indonesia's new and renewable energy (NRE) bill.

In a high-level forum organized by the G20 Trade, Investment and Industry Working Group (TIIWG) on Tuesday, Word Trade Organization Director-General Ngozi-Okonjo Iweala said strategic rivalry was a "reality of our times" but should not hamper economic development.

The Finance Ministry has collected more than Rp 2.5 trillion (US$166.8 million) in value-added tax (VAT) and income tax obtained from digital companies and services in the first six months of this year as it taps new revenue streams to offset higher spending and keep fiscal consolidation on track.

The government has allowed intellectual property to be used to access financing in a bid to boost the country’s creative economy, but wide-scale adoption of the scheme will take time.

The Finance Ministry has extended several pandemic-related tax incentives until the end of this year, as the government seeks to buttress the economic recovery.

While the levy exemption might help boost CPO exports in the short term, critics say that the key to stabilizing FFB prices is to involve farmers in determining them.

The government says five oil and gas working areas and one exploitation working area offered across the country through the first bidding round this year come with “more attractive” terms and conditions.

Bank Indonesia has held the country’s most important interest rate at 3.5 percent while central banks around the world are hiking rates in response to growing price pressure.

The Financial Services Authority (OJK) has announced its priorities in the banking and nonbanking sector, as well as the capital market, following the inauguration of the regulator’s new leaders.

The United Nations Development Program (UNDP) is working with the Indonesian Chamber of Commerce and Industry (KADIN) to push initiatives ranging from clean energy to human rights in the private sector.

Tourists will be charged a conservation fee of Rp 3.75 million to visit Labuan Bajo’s tourist hotspots in an effort expected to limit the number of visitors to some 200,000 a year.

The oil and gas deficit is likely to grow larger, with projections indicating a sharp rise in consumption in the coming decades to 2050.

The decision by the world's biggest palm oil exporter could further depress prices, which have fallen by about 50 percent since late April to their lowest in over a year.

Indonesia, as the current president of G20, repeatedly berated the WTO for its inability to bring justice for developing countries in the international trade system, especially in the case of Jakarta's trade disputes with the European Union.

IMF warns that central bank digital currency (CBDC) may lower competitiveness of a currency in its country of origin, risking its sovereignty over stronger, foreign exchange.  

The government is enacting the nationwide B35 biodiesel program by the end of July as an effort to boost the domestic use of palm oil to help raise CPO prices.

Civil groups call regulations authoritarian, causing public disturbance

The Standing Lending Facility rate was raised to 15.50 percent while the Standing Deposit Facility Rate rose to 14.50 percent, the highest in 21 years.

In a media briefing in Surakarta, Central Java, Investment Ministry spokesperson Tina Talisa said around 1.5 million businesses had received a business identification number (NIB) since the start of the year.