Policy
Prabowo honors Soeharto as national hero amid human rights debate
President Prabowo Subianto officially names former president Soeharto as a national hero, a move that has sparked controversy both at home and abroad due to the late leader’s authoritarian legacy and human rights record.
Government revives rupiah redenomination plan, targets completion by 2027
The government has officially revived its long-discussed plan to redenominate the rupiah, with the Finance Ministry including the initiative in its 2025-2029 Strategic Plan (Renstra), as stipulated under Finance Ministerial Regulation (PMK) No. 70/2025.
Prabowo credits predecessor's foreign investment efforts, denies political influence
President Prabowo Subianto on Thursday inaugurated PT Lotte Chemical Indonesia, a Rp 65 trillion ($4 billion) petrochemical complex in Cilegon, Banten, marking one of Indonesia’s largest South Korean investment projects.
Indonesia’s unemployment falls to 7.46 million in August 2025: BPS
Indonesia’s unemployment rate continued to decline this year, with 7.46 million people recorded as unemployed as of August 2025, down slightly from the same period last year, according to data from Statistics Indonesia (BPS).
President assures stability in Whoosh project amid rising debt concerns
President Prabowo Subianto has assured the public that the government will resolve the financial difficulties plaguing the Whoosh Jakarta–Bandung high-speed train project.
Prabowo-Gibran’s first year sparks economic optimism: Finance Minister
Minister of Finance Purbaya Yudhi Sadewa said Indonesia’s economy has entered a period of renewed optimism under the first year of the Prabowo Subianto–Gibran Rakabuming Raka administration, driven by strong fundamentals, stable macroeconomic conditions, and improving public welfare.
Inaccurate regional data slows down irrigation rehabilitation program: Minister
Minister of Public Works, Dody Hanggodo, has hinted at slow implementation of Presidential Instruction (Inpres) No. 2/2025 on the Acceleration of Irrigation Network Rehabilitation due to overlapping and inaccurate data provided by regional administrations.
Labor union backs Finance Minister’s plan to curb used clothing imports
The Indonesian Confederation of Muslim Workers' Unions (Sarbumusi) has voiced its support for Finance Minister Purbaya Yudhi Sadewa’s plan to issue a regulation restricting widespread circulation of imported used clothing, calling it a necessary move to revive the struggling domestic textile industry.
House, Government agree to lower 2026 haj cost to Rp87.4 million
Social and Religious Affairs Commission VIII of theHouse of Representatives (DPR) and the government have agreed to set the 2026 Haj pilgrimage cost at Rp 87.4 million (US$5,300) per pilgrim, marking a reduction of about Rp2 million from last year’s rate.
Purbaya reconsiders VAT cut, citing potential Rp70 T revenue loss per 1% reduction
Finance Minister Purbaya Yudhi Sadewa said he is carefully reviewing the government’s plan to lower the value-added tax (VAT) rate, noting that every one percentof tax reduction could cost the State as much as Rp70 trillion (US$4.24 billion) in lost revenue.
Government proposes lower haj pilgrimage costs for 2026
The government has proposed an average haj pilgrimage cost (BPIH) of Rp88,409,365 (US$5,360) per pilgrim for the 1447 Hijri/2026 Haj season, marking a Rp1 million decrease from the previous year.
Government targets full domestic supply for E10 biofuel by 2027, partners with Brazil
Government plans to meet the total demand for its upcoming 10 percent ethanol-blended fuel (E10) mandate entirely from domestic production by 2027, Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia said on Friday, October 24, 2025.