Indonesia Earmarks $28.7 Million to Cover Income Tax
Indonesia has earmarked Rp 494 billion or roughly $28.7 million to cover the Article 21 income tax of workers in strategic sectors.
Business
Indonesia Awaits Minister’s Green Light for E-Commerce Tax Rollout in Q2
Indonesia’s tax authority is ready to implement a 0.5% e-commerce tax, but rollout depends on final approval from Finance Minister.
Business
Indonesia Set to Begin Russian Oil Imports This Month, Minister Bahlil Says
Indonesia plans to start importing Russian crude oil this month to diversify supply and strengthen energy security amid global risks.
Business
Indonesia Dispatches $2.5 Million Frozen Durian Shipment to China
In 2025, China agreed to approve the protocol for Indonesian frozen durian to enter its market.
Business
Indonesia Yet to Unlock Nickel Windfall in EV Battery Industry, Analyst Says
Indonesia has vast nickel reserves but remains a minor battery-cell producer, limiting gains from the global EV boom.
Business
Indonesia Advances Waste-to-Energy Plan, Prepares Rules to Market Plastic-Based Fuel
Indonesia is preparing to market plastic-based fuel under its waste-to-energy program, though high production costs remain a challenge.
Business
No Fuel Price Hike Until 2026-End, Govt Says
Indonesia will keep subsidized fuel prices unchanged through 2026 as energy supply remains secure and oil price pressures stay manageable.
Business
JCI Gains 0.32% on Global Risk Rally, S&P Keeps Indonesia at BBB Stable
JCI rose 0.32% at the open, tracking ceasefire optimism and steady BBB rating, despite persistent geopolitical and currency risks.
Business
Gasoline Motorbike Ban Proposal Threatens Indonesia’s Two-Wheeler Duopoly
Indonesia sold 6.58 million new motorcycles in 2025 alone, making it one of the largest motorcycle markets globally.
Business
Rupiah Strengthens Slightly to Rp 17,138 on Cooling US-Iran Tensions
Rupiah closed at Rp 17,138, gaining on easing US-Iran tensions and stronger external debt growth despite oil supply concerns.
Business
JCI Pauses Rally, Edges Down as Investors Await Clarity on US–Iran Talks
JCI slips 0.03% to 7,621 as profit-taking and US–Iran uncertainty offset strong regional gains and easing oil price concerns.
Business
Retail Sector Flags Cost Pressures, Urges Import Policy Relaxation
Retailers warn rising input costs are hitting prices and urge faster import permits to secure supply and curb domestic price pressures.
Business
US Roadshow ‘Not a Game Changer’ Without Policy Credibility, Indef Says
Indonesia’s US roadshow may lift short-term sentiment, but Indef says policy credibility is key for lasting investor confidence.
Business
Indonesia Eyes Fertilizer Exports to India on 1.5 Million-Ton Surplus
Indonesia eyes urea exports to India as a 1.5 million-ton surplus meets soaring global prices driven by supply disruptions.
Business
Purbaya Says World Bank May Have Miscalculated Indonesia Growth Outlook
Indonesia receives positive feedback on fiscal strategy as Purbaya addresses World Bank’s growth outlook and highlights strong fundamentals.
Business
Jakarta Stocks Rally Early on Ceasefire Buzz, Tracks Wall Street Highs
JCI climbed 0.52% at the open, riding a global rally as investors bet the US-Iran conflict is nearing a ceasefire.
Business
Norway Reaps Boon from Oil, Gas Price Surge
Statistics Norway says export revenues in March soared to nearly 200 billion kroner ($21 billion) last month, up more than 28% yoy.
Business
Rupiah Stays Under Pressure, Slips to Rp 17,143 on Middle East Tensions
Rupiah weakens to Rp 17,143 as Iran blockade fuels oil supply fears, raising inflation risks and reinforcing a higher-for-longer Fed outlook
Business
Palm Oil Surface Water Tax Feared to Backfire on B50 Biodiesel
Indonesia is planning to expand the biodiesel program in July, but the proposed surface water tax can set a challenge to this policy.
Business
Public Debt Surge Lifts Indonesia’s External Debt to $437.9B
Indonesia’s external debt rose to $437.9B in Feb as BI inflows boosted public debt, while private borrowing continued to contract.
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