Apple expects US tariffs to cost $900 million in the current quarter, even though their impact was "limited" at the start of this year, chief executive Tim Cook said on an earnings call.
17 hours agoA plan to review the subsidy program for a possible extension has been shelved as the government awaits clarity on the impact of US trade policies. ...
1 day agoThe Indonesian Furniture and Craft Association (HIMKI) says a new rule imposed by the Indonesian Quarantine Agency that extends its commodity list will hamper the export of furniture and handicrafts. ...
2 days agoBali and other cities in Indonesia have either ceased or reduced their transportation services due to a lack of funding from central and local governments.
3 months agoThe energy minister says the government is thinking of pulling the operating permits of oil and gas companies with idle projects to accelerate domestic output by 2030 as part of a broader strategy to reduce the country's reliance on costly imports.
3 months agoPension age hike could result in a longer “waiting period” for workers who retired before the age of 59, delaying their access to the state-run pension program’s benefits.
3 months agoBI Governor Perry Warjiyo says the central bank's unexpected decision to cut rates this month was driven in part by reduced uncertainty surrounding the US policies of the incoming Trump administration.
3 months agoThe push to build 3 million houses and apartments per year has already attracted investment interest from China, Qatar and the United Arab Emirates (UAE).
3 months agoPresident Prabowo Subianto has prohibited the conversion of rice fields for residential use as the government seeks to prevent a further reduction in plantation acreage while pushing ahead with its massive housing program.
3 months agoIndonesian businesses have expressed concern over a new regulation on export receipts (DHE) that they say disrupts their cash flow and ultimately jeopardizes their global competitiveness.
3 months agoAccording to the 2025 state budget, the government has set a Rp 3.08 trillion (US$190.3 million) revenue target from the excise on sweetened beverages, much lower than the Rp 4.3 trillion stipulated in the 2024 state budget.
3 months agoIt is not clear what changes the government would introduce, but some businesses are in favor of reviving the import restrictions introduced in past regulations.
3 months agoHowever, a WTO panel found certain deficiencies in how the challenged measures had been prepared, published and administered.
3 months agoIndonesia generated 69.9 million tonnes of waste in 2023, according to Environment Ministry data. Yet it was estimated 57 percent of waste were managed informally through burning or burial due to inadequate facilities.
3 months agoThe DEN says the upcoming implementation of the GovTech integrated platform, which is expected to go online in August, could link tax compliance with an individual's eligibility for certain public services, such as passport issuance and business licensing.
3 months agoIndonesia has been pilot testing the use of ammonia and hydrogen in power generation, but remains limited to only partially replacing the coal used in power plants, a method known as co-firing.
3 months agoThe property consultancy expects the government's move to extend the property VAT incentive through 2025 will have minimal effect on overall apartment purchases this year.
3 months agoIncentives are critical to encouraging producers to ramp up production and investing in a more efficient processing technology, the Indonesian Chamber of Commerce and Industry (Kadin) said.
3 months agoA ban on imports of industrial salt would hamper domestic production, while a prolonged disruption may prompt businesses to relocate their operations abroad.
3 months agoWithout the cap, seven industries would need to pay for gas at a much higher market rate.
3 months agoMore than 1.18 million Chinese tourists came to Bali in 2019, second only to Australia at 1.2 million, according to Statistics Indonesia (BPS).
3 months agoThe government plans to plant rice side by side with sugar palms, energy crops or other plants with an intercropping system.
3 months agoBusiness groups have expressed support for the policy U-turn that averted a value-added tax (VAT) hike on Jan. 1, but called on the government to be more predictable as the last-minute decision caused widespread confusion.
3 months agoPresident Prabowo Subianto and Finance Minister Sri Mulyani Indrawati jointly announce that the VAT hike from 11 percent to 12 percent would only apply to luxury goods and services.
4 months agoThe House of Representatives has suggested a land amnesty to legalize ownership over millions of hectares of land with no right to cultivate (HGU) and to collect more state revenue.
4 months ago“I think, in the future, we also have to increase palm oil plantations. We don’t have to be afraid of endangering, what is it called, deforestation, right?” Prabowo said.
4 months agoThe government says there is no reason for additional aircraft inspections even after authorities in South Korea on Monday ordered a "comprehensive inspection" of all Boeing 737-800s aircraft operated by domestic carriers.
4 months agoFinance Minister Sri Mulyani Indrawati hails the benefits of media ties as a way to garner public support without the backing of political parties for technocrats like herself.
4 months agoPresident Prabowo Subianto’s administration has announced a series of ambitious energy transition pledges this year, including reviving early coal retirement plans and adding 75 gigawatts of new renewable energy capacity over next decade, but the year has also revealed serious impediments to this effort.
4 months agoIn late October 2021, the House’s plenary session passed the tax bill stipulating the VAT hike in 2025 with the support of eight political parties, including the PDI-P, Gerindra and Golkar.
4 months agoDeputy Manpower Minister Emmanuel Ebenezer Gerungan said around 80,000 people had been laid off this year, up from last year’s 64,855 people, mostly in West Java.
4 months agoNGOs say efforts to simplify environmental regulations should not come at the expense of sustainability, which they argue is under threat from the Job Creation Law.
4 months agoRegardless of the President's instruction to temporary halt major infrastructure projects, the Public Works Ministry has vowed to continue ongoing toll road projects, arguing that roads were necessary to pave the way for Prabowo's three-pronged goal of food, energy and water security.
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