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View all search resultsExperts view the empty minister’s seat as evidence of the ministry’s waning purpose, as many of its former responsibilities have moved to Danantara, the country’s state asset fund now in charge of nearly 900 state firms.
6 hours agoBank Indonesia (BI) has cut its benchmark interest rate in a surprising move hours before its United States counterpart is expected to reduce borrowing costs in the US as well. ...
1 day agoThe amount is contingent on the effective rollout of the Rp 130 trillion program budgeted by the state asset fund for microcredits in 2025, with just three months remaining for state lenders to disburse the loans. ...
1 day agoIndonesia’s Job Creation Law, once touted as a fix-all to make employment more flexible and attract investment, is now drawing flak for increasing job market uncertainty, with both business and labor leaders pointing to the President’s demand to end outsourcing as a sign the system is cracking.
4 months agoThe government is mulling over a plan to restrict cassava and tapioca imports as local farmers bemoan unsold domestic produce.
4 months agoTransparency from the outset to allay foreign investor's concerns is key to the success Danantara's plan to issue bonds, analysts say.
4 months agoThe government has shared plans to ease import rules for certain goods, but the measures presented on Friday appear to exclude key export commodities from the United States as bilateral trade talks aimed at averting US tariffs have yet to conclude.
4 months agoIndonesia’s Trade Ministry says it will carefully “monitor” Malaysia’s antidumping duty imposed on Indonesian plastic goods and may bring the matter to the World Trade Organization (WTO) “if necessary”, while experts urge swift action to protect domestic industries.
4 months agoThe central bank has pared down outstanding SRBI by 4.5 percent since end 2024 to Rp 881.86 trillion in April in a bid to free up liquidity and boost domestic bank loans.
4 months agoUnder the new rule introduced late last month, state institutions are permitted to buy domestic products with at least 25 percent local content instead of 40 percent previously.
4 months agoOn the heels of Sunday's launch of the aiport's newly renovated haj terminal, the government has disclosed a plan to overhaul Terminal 1F to serve just low-cost carriers by the end of first quarter next year.
4 months agoThe creation of a new task force signals growing government support for the early retirement of coal power plants, but experts warn the initiative may fail unless it is backed by strong political will and international funding.
4 months agoExperts are wary that the new regulation will put more pressure on already struggling low-income communities, as they will have to compete with individuals in the new higher-income brackets to secure affordable housing.
4 months agoApple 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.
4 months 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.
4 months 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.
4 months agoThe Energy and Mineral Resources Ministry plans to formulate a regulation for utilizing unlicensed oil wells to ramp up oil and gas lifting in the country.
4 months agoIn 2024, Indonesia experienced a slowdown in inflation, reaching a record low of 1.57 percent. While this indicates price stability, it also signals the need for greater stimulus to sustain economic growth.
4 months ago"The goal here is to bring back the high quality industrial jobs to the US. President (Donald) Trump is interested in the jobs of the future, not the jobs of the past," Bessent told reporters at a White House briefing.
4 months agoTax incentives can be categorized into four types, namely exemption from tax imposition, reduction of tax base, reduction of tax rate and tax deferral. In essence, a tax incentive policy is the government's effort to ensure that the economy continues to run and grow, as well as encouraging taxpayers to remain compliant both formally and materially.
4 months agoThe Manpower Ministry plans to clamp down on the all-too common practice of employers holding onto the graduation certificates of employees, even ex-employees, effectively keeping them hostage against quitting.
4 months agoGan Kim Yong, who is also the trade minister and helms the Singapore Economic Resilience Taskforce, told reporters Sunday that pharmaceuticals make up more than 10 percent of the city state's exports to the United States, according to the Straits Times.
4 months agoMangga Dua market has been thrust into spotlight yet again as a barrier to trade in the USTR's 2025 National Trade Estimate Report, which has singled out the North Jakarta market as a bustling hub of counterfeit goods.
4 months agoThe government says the US has expressed appreciation for Indonesia’s position on bilateral trade and lauded Jakarta’s decision to get into negotiations early, as a high-ranking delegation wraps up talks in Washington, DC.
4 months agoCoordinating Economic Affairs Minister Airlangga Hartarto, the head of delegation, and Finance Minister Sri Mulyani Indrawati have been in the United States since last week negotiating the proposed 32 percent tariffs the US wants to impose on Indonesia. These tariffs have been put on hold for 90 days.
4 months agoPresident Donald Trump has defied international norms on the nascent field of deep-sea mining, signing an executive order Thursday expanding the practice for rare earth minerals in domestic and international waters.
4 months agoThe announcement comes just days after the government rejected a request from Malaysia to import rice from Indonesia, citing the need to safeguard domestic supply.
4 months agoBank Indonesia (BI) has decided to keep its key interest rates in place as the rupiah remains weak, and noted that mounting global pressure stemming from trade disruption threatens Indonesia’s economic growth.
4 months agoPrabowo told reporters that Indonesia is a big country with a bright future and there would be new investment to take the place of the South Korean company in the electric vehicle battery ecosystem.
4 months agoUS Health Secretary Robert F. Kennedy Jr. and FDA Commissioner Marty Makary said on Tuesday that the agency plans to remove synthetic food dyes from the US food supply by revoking authorizations of some and working with industry to voluntarily remove others.
4 months agoThe tariffs on companies from Cambodia, Thailand, Malaysia and Vietnam will still need to be ratified at a meeting of the International Trade Commission in June.
4 months agoThe guarantees, aimed at easing investor concerns over the megaproject’s execution and continuity, will be issued jointly by the Finance Ministry and PT Penjaminan Infrastruktur Indonesia (PT PII), the ministry’s infrastructure guarantee vehicle.
4 months agoThe body noted that the auction process, management handover and subsequent implementation of construction work would soon take place.
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