Flash flooding and landslides on Indonesia’s main island of Java have killed at least 21 people and damaged villages and rice fields.
In the first phase, Indonesia gradually reduced KUR interest rates and expanded the pool of recipients, opening doors for MSMEs underserved by financial institutions, increasing the volume of loans, and boosting MSMEs’ confidence in using KUR financing to expand their businesses.
Nickel ended 2024 trading at four-year lows, a spectacular reversal of fortune for a metal that soared so high in 2022 it almost broke the London Metal Exchange (LME). There is no mystery to this dramatic tale of boom and bust.
JAKARTA (Reuters) - Indonesia's President Prabowo Subianto is considering pardons for prisoners linked to armed organisations in the restive easternmost province of Papua, including separatists, providing they renounce violence and abandon secessionist agendas, a senior minister said on Wednesday.
Indonesia aims to limit emissions growth to 23% by 2035 from 2019 levels through conserving forests and peatlands to mitigate pollution, according to a top official.
Indonesia’s plan to force commodity firms to keep export earnings onshore for a year will create new challenges for companies that are already dealing with rising regulatory uncertainty.
Indonesia's oil and gas exporters will be exempted from the new rule mandating that all proceeds from natural resource exports be kept onshore for a year.
JAKARTA (Reuters) - Indonesia's new President Prabowo Subianto plans to spend 48.8 trillion rupiah ($2.99 billion) through 2029 to build the new capital city "Nusantara", with a target of relocating the government there by 2028, the project's chief said on Tuesday.
Indonesia is considering potential cuts to nickel ore supplies to help boost prices amid a global glut, in a move that could put the brakes on rapid production growth in the world’s largest producer of a metal critical to steelmaking and EV batteries.
President Trump’s executive order could create a “multigenerational subclass of people born in the US but who are denied full rights,” an attorney for the American Civil Liberties Union warned.