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Bank Indonesia's logo is seen at its headquarters in Jakarta in January 2019.

Regulations premium

BI holds rate, sees little exposure to US banking woes

The central bank governor says Indonesia’s banking sector has sufficient liquidity, but a negative perception of global investors may become a risk.

2 years ago

Regulations premium

Govt ready to import 500,000 more tonnes of rice ‘if needed’

The announcement comes despite the government having brought 500,000 tonnes of rice into the country since December. ...

2 years ago

Regulations premium

Jokowi wants local governments to ditch Visa, Mastercard

President Jokowi said that the war in Ukraine with the attendant economic sanctions imposed by the United States could create problems as economic tools, including payment systems, could be used against countries perceived to have any involvement in the conflict. ...

2 years ago

The Latest

A small coffee business displays its goods and QRIS code at an MSME event in Bangli, Bali, on Aug. 9, 2020.

Regulations premium

Bank Indonesia to raise cap on QRIS transactions

Bank Indonesia (BI) is planning to double the transaction limit for the Quick Response Indonesia Standard (QRIS) code to Rp 10 million as it seeks to lure 15 million more merchants.

3 years ago

South Korean President Moon Jae-in speaks on the occasion of the third anniversary of his inauguration at the presidential Blue House in Seoul, South Korea, May 10, 2020.

Regulations

South Korea to create fund to cope with supply chain snags

The fund will help procure raw materials and other items essential for "economic security".

3 years ago

A visual representation of the digital cryptocurrency bitcoin at the Bitcoin Change shop in the Israeli city of Tel Aviv on Feb. 6, 2018.

Regulations premium

For crypto money, getting it right trumps speed: BIS

The Bank for International Settlements (BIS) expects more countries to tap into central bank digital currency (CBDC) development.

3 years ago

Bank Indonesia (BI) Governor Perry Warjiyo (left) and BI spokesman Erwin Haryanto meet journalists online on Oct. 22, 2021.

Regulations premium

BI keeps rate at 3.5%, signals no change of stance in H1

Bank Indonesia has kept its benchmark interest rate at 3.5 percent and signaled that a change in its monetary policy stance was unlikely in the first half of the year.

3 years ago

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan speaks at the Mandiri Investment Forum 2022 via video link on Feb. 9 in Jakarta.

Regulations premium

Energy transition to boost demand for metals, says Luhut

The government plans to continue focusing on downstream industrialization to tap into the archipelago's rich metal reserves as the global energy transition drives up metals demand.

3 years ago

The head offices of various banks are pictured on the Jakarta skyline on Aug. 27, 2021.

Regulations premium

Moody’s Analytics expects BI rate hike in Q2

Moody’s Analytics expects Bank Indonesia to increase its benchmark interest rate in the second quarter of the year, despite the central bank’s assurance that no such move would happen until inflation picked up.

3 years ago

Energy and Mineral Resources Ministry renewables director general Dadan Kusdiana (left) and Cooperatives and Small and Medium Enterprises Ministry secretary Arif Rahman Hakim (right) sign an MoU on Feb. 8, 2022.

Regulations premium

SME ministry, energy ministry join forces to push EV adoption

The Energy and Mineral Resources Ministry and the Cooperatives and Small and Medium Enterprises (SME) Ministry are working together to increase small businesses’ role in pushing electric vehicle (EV) adoption in Indonesia.

3 years ago

Police officers divert motorists at a checkpoint at the Senayan traffic circle in South Jakarta on July 3, 2021. The government imposes emergency public activity restrictions (PPKM Darurat) in Java and Bali from July 3 to 20, 2021, to stem the alarming surge of COVID-19 cases.

Regulations premium

Kadin appeals for short COVID-19 curbs

Last year, Indonesia's GDP contracted by 0.7 percent annually in the first quarter after the government imposed large-scale mobility restrictions (PSBB).

3 years ago

A tunnel entrance of the Jakarta-Bandung high-speed rail project in Cipatat, West Bandung, West Java, is seen in this photograph taken on May 27, 2020.

Regulations premium

Economics of Jakarta-Bandung rail project increasingly bleak

Unforeseeable factors, such as the capital city relocation plan and the pandemic, have added to growing doubts over the economic viability of the Jakarta-Bandung high-speed railway link.

3 years ago

People line up at the check-in counter at Soekarno-Hatta International Airport in Tangerang, Banten on Dec. 19, 2021.

Regulations premium

Govt retracts ban on international tourist arrivals via Soekarno-Hatta

The ban came about after incorrect wording in a recently issued circular letter.

3 years ago

Acting Energy Minister Bahlil Lahadalia (left) attends a meeting with Energy and Mineral Resources Ministry officials on Friday.

Regulations premium

Bahlil appointed acting energy minister

The current investment minister will temporarily take over the duties of Arifin Tasrif, who is recovering from COVID-19.

3 years ago

Oversight: The Financial Services Authority (pictured above) says it has barred banks from selling unit-linked insurance from companies engaged in unresolved disputes with customers.

Regulations premium

Banks barred from selling unit-linked products of disputed insurers: OJK

The Financial Services Authority (OJK) says it has barred banks from selling unit-linked insurance from companies engaged in unresolved disputes with customers, as the agency decides on more stringent measures to regulate the industry.

3 years ago

Workers load oil palm fruit bunches to be processed into crude palm oil and kernel for export at PT Indo Sawit Subur Riau’s factory in this undated photograph.

Regulations premium

Govt forces CPO firms to ensure cheap domestic supply

Indonesia's cooking oil prices are “too dependent” on international crude palm oil (CPO) prices, a ministry official has said.

3 years ago

Social distancing implementation at Ngurah Rai International Airport in Denpasar, Bali, managed by state-owned airport operator Angkasa Pura I.

Regulations premium

Indonesia eases quarantine rules to spur tourism

The government has reduced the mandatory quarantine period to five from seven days.

3 years ago

A resident walks past the Papua office of the Financial Services Authority (OJK) in Jayapura on Oct. 27, 2021. The OJK has branch offices across the country.

Regulations premium

OJK to tighten rules for unit-linked insurance

The Financial Services Authority (OJK) will tighten rules on investment-linked insurance as the agency seeks to prevent future problems with regard to the products.

3 years ago

Shinta Kamdani, chairwoman of B20 Indonesia 2022, speaks at the inception meeting of the G20 subforum on Jan. 27, 2022.

Regulations premium

Indonesia launches G20 forum on recovery, innovation

Shinta Kamdani, as chairwoman of the B20 Indonesia 2022 forum, has set the agenda to discuss how the G20 countries can recover together from COVID-19, boost innovation across the globe and build an inclusive and sustainable future.

3 years ago

A worker moves palm oil fresh fruit bunches (FFB) aboard a truck at a plantation in Central Kalimantan on Dec. 19, 2015.

Regulations

Indonesia imposes mandatory domestic sales on palm oil

The domestic market obligation on palm oil is meant to curtail rising cooking oil prices in Indonesia.

3 years ago

A vendor holds a sign reading "Bitcoin accepted" at a store in San Salvador, on Jan. 26, 2022.

Regulations

Salvadorans show support for bitcoin despite IMF criticism

In the crowded streets of San Salvador, restaurants, hardware stores, pharmacies and even street vendors are happy to accept payment in the cryptocurrency that has been legal tender since September 2021.

3 years ago

Soldiers and health officers load medical supplies from China onto a truck on March 23, 2020 at Halim Perdanakusuma International Airport in East Jakarta, which also has an Air Force base.

Regulations premium

Halim airport to close nearly 4 months for renovations

Halim Perdanakusuma International Airport in East Jakarta will be closed on Wednesday for up to 3.5 months for renovations, during which all flights will be rerouted, including military aircraft.

3 years ago

Tourism and Creative Economy Minister Sandiaga Uno (left) and Riau Islands Governor Anshar Ahmad attend a meeting in Bintan, Riau Islands, on Jan. 21, 2022.

Regulations premium

Indonesia opens travel bubble for Singaporeans

Fully vaccinated Singaporeans can once again enter Indonesia without quarantine, but only Batam and Bintan in Riau Islands, for now.

3 years ago

The Financial Service Authority (OJK) chairman Wimboh Santoso gives a speech at the Indonesia Stock Exchange (IDX) opening ceremony in Jakarta on Jan. 3.

Regulations premium

OJK launches green finance taxonomy

The taxonomy helps financiers decide how environmentally damaging a business' operations are.

3 years ago

An employee counts US dollar banknotes at a money changer in Jakarta in this undated photo.

Regulations premium

OJK urges banks to speed up provisioning, consolidation

The Financial Services Authority (OJK) has urged banks to brace for reduced stimulus spending at home and abroad, which could disrupt and create risks in the financial sector.

3 years ago

Authorities say 5G networks pose no risk to aviation in Indonesia.

Regulations

5G will not disrupt aviation in Indonesia: Ministry

Authorities explained that the buffer between frequencies used for domestic 5G services and for aircraft equipment was wider than in the US.

3 years ago

Regulations premium

Indonesia to tighten CPO export rules temporarily

Exporters need to show proof of selling CPO domestically each time they apply for permits over the next six months, starting Jan. 24.

3 years ago

Indonesian Trade Minister Muhammad Lutfi (right) shakes hands with UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi on the IUAE CEPA trade deal in Bogor, West Java, on Sept. 3, 2021.

Regulations premium

Govt hopes to conclude trade deals with EU, UAE this year

The deals are expected to help Indonesia diversify export markets.

3 years ago

Nikolai Kunz pumps biodiesel into his car at Dogpatch Biofuels on March 22, 2013 in California, US. California is one of the nation's leaders in venture capital funding for green technology, green tech patents and the growth in clean power generation, resulting in reduced greenhouse gas emissions despite a growth in population.

Regulations premium

Indonesia to conduct B40 road test in February

The government will soon conduct a B40 biodiesel road test as it pushes ahead with its plan to use more palm oil-derived fuel in transportation.

3 years ago

Two men fish at a pond filled with plastic waste at a village in Lhokseumawe, Aceh, on Sept. 29, 2021.

Regulations

Big brands call for global pact to cut plastic production

International brands including Coca Cola and PepsiCo called on Monday for a global pact to combat plastic pollution that includes cuts in plastic production, a key growth area for the oil industry.

3 years ago

Heavy equipment is used to move coal at the Kertapati coal terminal belonging to state-owned PT Bukit Asam in Palembang, South Sumatra, in this undated photograph.

Regulations premium

Govt to use carrot, stick in coal DMO policy

Indonesia will lift the coal export ban for mining companies that have met their domestic market obligations (DMOs) to ensure supplies for state electricity company PLN.

3 years ago

Vehicles pass by the Indian President's house as dust covers the skyline in New Delhi, India, on June 11, 2019.

Regulations

Britain and India to formally launch trade talks

Britain has made a deal with India one of its post-Brexit priorities as, free from the European Union's common trade policy, ministers look to gear trade policy towards faster-growing economies around the Indo-Pacific region.

3 years ago