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                                        The scheme will offer interest rates as low as 0.5 percent to regional administrations with eligible projects and will be channeled through state-owned infrastructure financing firm PT Sarana Multi Infrastruktur (SMI).
9 hours agoA new regulation allowing regional administrations and region- or state-owned enterprises (SOEs) to borrow money from the central government entails opportunities for local authorities but also poses risks to fiscal discipline, economists say. ...
2 days agoNational and regional wage councils are set to play a central role in shaping the formula used to determine minimum wages for next year, unlike last year, when the President himself decided how much wages should rise. ...
5 days agoUnited Nations Secretary General Antonio Guterres said on Monday the world could not let the deepest oceans "become the wild west", at the start in France of a global summit on the seas.
4 months agoThough a property association has hailed a draft proposal to downsize subsidized houses as a price stabilization move, the housing task force questions whether this is necessary to provide 3 million affordable homes each year under the President's ambitious program.
4 months agoIndonesia and the 27-member European bloc have been negotiating since 2016 to strike a deal that is expected to increase trade and investment.
4 months agoThe added cost for consumers, analysts and industry players argue, could help prevent treatment bills from spiraling out of control.
4 months agoFollowing a peaceful protest by Greenpeace at a minerals expo on Thursday, the energy ministry announced it had temporarily suspended Gag Nikel's mining operations in Raja Ampat to conduct field verification.
4 months agoHome Minister Tito Karnavian urged regional governments to choose struggling hotels and restaurants, so government activities could help revive those businesses.
4 months agoPrivate companies and state-owned enterprises (SOEs) are expected to shoulder part of the government’s Rp 24.4 trillion (US$1.5 billion) consumer stimulus package aimed at spurring household spending.
4 months agoIndonesia’s renewable energy mix stood at 14.1 percent in early 2025, significantly below the 23 percent target for this year outlined in the previous RUPTL.
5 months agoGerman automakers became the latest to warn that China's export restrictions threaten to shut down production and rattle their local economies, following a similar complaint from an Indian EV maker last week.
5 months agoThe study follows an earlier pre-feasibility assessment conducted by the Japan International Cooperation Agency (JICA).
5 months agoWhile Lisbon acknowledged that the hotel industry has seen declining activities due to the government budget efficiency measures, he said that the industry was expected to recover with the government’s economic incentives that would soon be implemented.
5 months agoPeople and institutions responsible for implementing the stimulus measures were left without knowledge of the plan. Such a lack of coordination could dampen the effectiveness of the policy, which is intended to boost the economy.
5 months agoFahri pointed to several hurdles, including land issues and lack of demand, hampering rollout of the funding commitments made by foreign entities that the government had secured over the past months, as quoted from Bisnis.com.
5 months agoWorkers' rights around the world are "in free fall", with widespread attempts to hamstring collective bargaining and attacks on trade union representatives, the world's largest trade union organization said Monday.
5 months agoExperts suggest the new power procurement plan leans toward repeating past mistakes and undermining energy transition commitments.
5 months agoManpower Minister Yassierli has issued a circular preventing employers from setting age limits on vacancies to provide equal opportunities for all jobseekers in the country.
5 months ago"I would say that they are a bit stalled," Bessent told broadcaster Fox News when asked about trade talks with Beijing.
5 months agoRay Dalio’s appointment as a Danantara advisor was announced following a verbal offer in March but had yet to be formalized.
5 months agoIndonesia has the opportunity to wrap up a long-delayed free trade deal with the European Union after the bloc officially placed Indonesia in its “standard-risk” deforestation law category, a step seen by businesses as a signal that could boost exports of palm oil, coffee, cacao and other commodities.
5 months agoWhen asked about the details of the development of a fossil fuel-powered plant under the plan, the energy ministry's electricity director general, Jisman Hutajulu, said, “We will probably share the details next week”.
5 months ago"The fragmentation of industrial and supply chains has deepened, and trade barriers have increased, which has had a great impact on the economic development of all countries," state news agency Xinhua reported on Sunday, citing Li.
5 months agoIncreased regional investment by global energy giants, including oil majors such as Shell, Chevron and TotalEnergies, appear to be signaling corresponding renewed interest in Indonesia's oil and gas assets amid its push for energy self-sufficiency and deregulation.
5 months agoGaruda Indonesia said flying an aircraft from Jakarta to Bali previously cost Rp 194 million (US$11,876) per flight in 2019, but has risen by 38 percent to Rp 269 million per flight
5 months agoThe Law Ministry’s intellectual property director general Razilu said on Thursday that the road map would soon become binding across ministries and agencies after being drafted internally.
5 months agoHashim Djojohadikusumo, a top adviser to and brother of President Prabowo Subianto, said the government is seeking ways other than increasing tax rates to shore up tax revenue.
5 months agoThe updated stipulations, which will include changes in indirect taxes and domestic market obligation (DMO) fuel pricing, are expected to be released “soon”.
5 months agoBank Indonesia has cut its benchmark interest rate by 25 basis points (bps) in an effort to boost economic growth while inflation is under control.
5 months agoIn a meeting with House Commission V on Tuesday, representatives of two property developers associations put forth an idea to offer a rent-to-own scheme to ease access to home financing for informal workers who might otherwise fall through the cracks of creditworthiness criteria and bank scoring models.
5 months agoThe manpower minister issued a circular to ban what has been common practice at many workplaces and signaled that such protection could be enshrined in a forthcoming ministerial regulation or an amended Manpower Law.
5 months agoThe government has introduced a regulation that will prevent a race to the bottom among logistics providers and require them to expand their services outside profitable regions.
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