The budget plan keeps many spending items unspecified, including for the development of the country’s future capital, leaving the details to the administration of president-elect Prabowo Subianto.
12 hours agoPresident Joko “Jokowi” Widodo says the green economy and Prabowo Subianto’s flagship free meals program will prop up economic growth next year by fueling micro-level business activity and boosting exports. ...
2 days agoThe current incentives are set to expire on Oct. 8, four years after the government first granted them through Finance Ministerial Regulation (PMK) No. 130/2020. ...
2 days agoA senior minister says the government is looking at shutting down Banten's Suralaya coal power plant early to help reduce air pollution in Jakarta, which generally ranges between the third and fourth levels of the six-tier index for air quality.
3 days agoThe arrangement will allow investors to quickly get a return on their investment, the Bali administration has said, adding that this in line with the fact that the project has been fully funded by the private sector from its construction phase.
3 days agoThe outgoing President is planning to hand over the country's finances to his successor on Friday while delivering the annual State Budget Address, which experts will be watching keenly for indications of the incoming administration's policy direction on the economy
4 days agoThe team around the president-elect says a pilot project for the program has consistently used stainless steel food trays rather than disposable packaging.
5 days agoThe finance minister noted that the situation had improved when compared to the 6.19 percent year-on-year (yoy) decline recorded in the first half of the year.
5 days agoThe Energy and Mineral Resources Ministry is aiming for a 1 percent vegetable oil blend in aviation turbine fuel in 2027 as part of a larger effort to reduce the country’s reliance on oil imports and cut national carbon emissions.
5 days agoThe country “cannot wait until the domestic industry is ready”, a government representative said.
6 days agoAs public backlash grows amid daily hardships, the President has said the increased budget for this year's Independence Day celebrations in Jakarta and Nusantara was "justifiable", while certain officials have either deferred questions or dismissed reports on extravagant costs.
6 days agoA new draft regulation is in the works that will allow the government to audit buildings that waste energy as part of its broader policy to achieve Indonesia's emissions reduction goal.
6 days agoIndonesia and Japan on Thursday agreed on amendments to an economic agreement to reduce or remove trade barriers, Indonesia said, predicting the revision will boost bilateral trade.
1 week agoSandiaga said lowering ticket prices could help increase the spending of domestic tourists and that could compensate the loss of potential revenue from taxing airfare.
1 week agoThe Financial Services Authority (OJK) has widened the coverage of the central credit score database SLIK beyond banks and multifinance firms to include other financial institutions.
1 week agoThis provision will apply to all businesses, including food served in catering services, hotels, restaurants, canteens, street food stalls and vendors as well as importers.
1 week agoBali's tourism head has quashed an idea to build a casino in the island province, saying that it did not align with either the Balinese culture or the nation's laws, whereas the local chair of HIPMI, which broached the idea, said the project could enhance equality, create jobs and grow the local economy – so long as Indonesians were banned from partaking in any gambling activities.
1 week agoHaving more than one aviation fuel provider would mean challenging state-owned oil and gas company Pertamina’s monopoly.
1 week agoStandard Chartered said $20 billion JETP funding “is nowhere near enough” to realize the archipelago’s energy transition programs but that amount served as a “catalyst” to attract more funding from the private sector further down the line.
2 weeks agoOpponents of deep sea mining suffered a serious setback Friday when they failed to take a first step toward an international moratorium on the controversial practice.
2 weeks agoA change in status has been opposed by US steelmakers, Gulf Coast shrimpers and honey farmers and members of the Congress representing them, but backed by retailers and some other business groups.
2 weeks agoIn Jakarta and other major cities, it is a general knowledge that housing development has largely favored high-income earners, leading to supply backlogs for low-income earners.
2 weeks agoCoordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan will lead a task force aimed at improving the investment climate in the upstream oil and gas sector.
2 weeks agoThe ministry, however, said no permits would be issued anytime soon, saying it required several review processes and the selection needed to be done carefully.
2 weeks agoThe APPBI is asking the government for support in providing incentives for investors to develop shopping centers in the country's future capital, especially considering the limited footfall owing to the city's current small population.
2 weeks agoCountries whose exports would be affected would include Israel, Taiwan, Singapore and Malaysia.
2 weeks agoTransmission projects are deemed supporting infrastructure, which means that they generate a small return on investment compared with renewable energy plants despite requiring hefty investment.
3 weeks agoWealthy economies provided and mobilized a record $116 billion for climate finance for developing countries in 2022, 40 percent of which came from multilateral development banks (MDBs).
3 weeks agoProtections for online consumers, digitalization of customs procedures and recognition of electronic signatures figure among the measures laid out in the text aimed at promoting and facilitating digital transactions.
3 weeks agoThe government is considering a suspension of the luxury goods tax on car purchases to aid the flagging automotive market.
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