Policy
BI cuts benchmark rate to support growth in the face of global uncertainty
The Indonesian Central Bank (BI) announced a 25-basis point cut to its benchmark interest rate, bringing the BI 7-Day Reverse Repo Rate down to 5.50 percent, its first reduction in four months as the central bank seeks to maintain inflation within target, while boosting economic growth amid increasing global uncertainty.
President tells oil and gas regulators to simplify rules
President Prabowo Subianto has issued a stern warning to officials overseeing Indonesia’s oil and gas sector, indicating that those who fail to simplify regulations will be removed from office.
Government opens door for village cooperatives to manage coal mines
The Ministry of Energy and Mineral Resources (ESDM) is exploring the possibility of allowing Koperasi Desa Merah Putih (Red-and-White Village Cooperatives) to manage coal mining business permit areas (WIUP), a move signaling a potential shift in resource management − putting villages at the forefront of mining operations.
Government launches major overhaul to streamline state-owned enterprises
The government has announced a comprehensive plan to restructure and consolidate State-Owned Enterprises (SOEs) and their subsidiaries from the current total of 888 companies to be reduced to just 200 over the next few years, aimed at boosting efficiency and global competitiveness.
COVID-19 cases rise abroad, Indonesians asked to stay vigilant
The Indonesian Ministry of Health asks the public to remain alert in response to a recent surge in COVID-19 cases in several Asian countries, including Singapore, Thailand, and Hong Kong.
Government eyes up to 5.8 percent economic growth in 2026
Minister of Finance Sri Mulyani Indrawati revealed on Tuesday, May 20, 2025 the government’s 2026 macroeconomic framework and fiscal policy guidelines (KEM PPKF), projecting national economic growth to reach between 5.2 and 5.8 percent next year.
Thousands of online drivers rally as government vows to seek compromise
Thousands of online motorcycle taxi (ojol), ride-hailing taxi, and courier drivers staged a mass protest today, Tuesday, May 20, 2025, in Central Jakarta, focusing their rally at the Horse Statue area and the Ministry of Transportation office.
TNI deployment to guard prosecutors’ offices sparks constitutional concerns
The deployment of Indonesian Military (TNI) personnel to secure prosecutors’ offices across the country has ignited a hefty wave of criticism, with former Coordinating Minister for Political, Legal, and Security Affairs, Mahfud MD, warning that the move could breach constitutional boundaries if made permanent.
Indonesia to probe wildlife trafficking linked to money laundering
The Directorate General of Law Enforcement at the Ministry of Environment and Forestry is intensifying efforts to investigate illegal wildlife trade (TSL) in Indonesia, with a focus on its potential connection to money laundering crimes (TPPU).
Government raises CPO export levy to boost downstream industry
Ministry of Finance has raised the export levy on crude palm oil (CPO) from 7.5 percent to 10 percent, a move the government says is aimed at enhancing productivity and adding value to downstream palm oil products, particularly for smallholder farmers.
RI strengthens marine conservation efforts with new nat’l committee, iInitiative
The Ministry of Marine Affairs and Fisheries (KKP) has reaffirmed its commitment to protecting the country's vast marine ecosystems by targeting the conservation of 30 percent of Indonesia’s marine area − around 97.5 million hectares (ha) − by the year 2045.
Industry pushes back as govt reaffirms plan to impose excise tax on SSBs
The government’s renewed commitment to impose excise tax on sugar-sweetened beverages (SSBs) this year has sparked concern and resistance from industry players as the policy could severely affect an already weakened sector and miss its public health target.