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View all search resultsAll parties eligible to manage mining permits, including religious groups and universities, must go through a selection process that is necessary to ensure fairness and equal treatment, according to a Constitutional Court ruling.
Stabilizing the rupiah at Rp 18,000 requires Indonesia to look past trailing GDP growth and actively rebuild market confidence by enforcing strict resource export repatriation, maintaining clean fiscal governance and speaking to global capital with a single, clear technocratic voice.
The China Chamber of Commerce in Indonesia (CCCI) previously sent a letter to President Prabowo Subianto, detailing a range of complaints, from the mandatory retention of foreign exchange earnings (DHE) onshore to a recent crackdown on immigration.
Though the finance minister did not specify which countries would be exempted from the latest forex earnings rule, set to enter into force on June 1, this may apply to the US under the terms of the ART.
At a meeting with House Commission XII broadcast live on Thursday, the Antam president director said its products had become unsellable because buyers balked at paying the government-mandated benchmark prices for minerals and coal.
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