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View all search resultsThe government aims to revive the textile industry by facilitating financing from local banks for machinery upgrades, while considering tax incentives and establishing a special zone to integrate upstream and downstream production.
Making good on an initiative the President first unveiled last March, the government has earmarked Rp 11 trillion to open 200 million individual bank accounts with an initial deposit of Rp 50,000 each to improve financial inclusion across the country.
Indonesian authorities currently categorize six volcanoes as alert level 3, which signifies an increase in volcanic activity whereby eruptions may occur, just one step shy of the final level that describes a high likelihood of an imminent, substantially more dangerous eruption.
Under the latest plan disclosed by Finance Minister Purbaya Yudhi Sadewa, the government would restrict purchases by those classified in deciles 9 and 10 under the National Socioeconomic Single Data (DTSEN) system.
The senior economy minister says Jakarta has submitted a request to Washington that Indonesian palm oil be exempted from Trump's latest tariff regime, even as the country remains subject to a separate US probe into alleged excess manufacturing capacity.
The senior economy minister has divulged that Australia, Canada and China would join the US in receiving special treatment under the latest version of the DHE SDA policy, with the government set to discuss further details until announcing the final arrangement.
Indonesia's decision to join a new China-led artificial intelligence organization has raised questions over how Jakarta intends to navigate the intensifying technological rivalry between Beijing and Washington, even as the government insists it remains committed to working with both.
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