Policy Information

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Chinese e-commerce platforms Temu and Shein had planned to expand into the Indonesian market and were also available on the country's Apple and Google app stores, but the Indonesian government directly intervened and banned them from operating in Indonesia due to the potential impact of their business model on local small and medium-sized enterprises (SMEs)...

President Prabowo has planned a series of measures in response to the U.S. import tariff policy, aimed at improving the competitiveness of the country's economy and promoting economic growth. He has called for a relaxation of the Total Kit Domestic Negative (TKDN) rule, arguing that the policy, while starting from a...

The trade minister plans to boost exports by 7.11 TP3T to US$294 billion (Rp 4,851 trillion) in 2025, which he expects to boost economic growth to 81 TP3T.Indonesia's exports stood at US$24.883 billion in 2024, and if it reaches a growth of 7.11 TP3T...

The Ministry of Energy and Mineral Resources (MEMR) has revised the royalty and non-tax state revenue regulations for the mineral and coal sectors, aiming to increase the mining sector's contribution to the national treasury. The royalty rate for raw nickel ore will be increased from 101 TP3T to 141 TP3T-191 TP3T; nickel...

The Indonesian government has revised regulations related to royalty tax in the mineral and coal sectors in order to increase revenue from the state's mining sector and to tap the revenue potential from other mineral derivatives. The current tax rate on coal is applied based on the benchmark coal price (HBA)...

The government led by President Prabowo plans to allocate 20 trillion rupiah in 2025 to rescue and strengthen labor-intensive industries, with the funds being disbursed through the Labor-Intensive Investment Credit Program, focusing on textiles, garments, footwear, furniture, leather,...

Heavy news! On March 20, 2025, Indonesian President Prabowo personally visited the Batang Industrial Zone in the Central Java Industrial Belt, crowning this rising industrial star as a 'national special economic zone', and even benchmarking it against the 'Indonesian version of Shenzhen', vowing...

Cobalt prices on the London Metal Exchange stood at $29,210 per ton today, up 5.261 TP3T from the previous session's close, while nickel prices were down 0.351 TP3T at $16,493 per ton, well below the record high selling price of 2022-2023. 2023-2024...

The Governor of East Java met in Surabaya with the Chinese Consul General in Surabaya, Xu Yong, who conveyed a congratulatory letter from the Mayor of Shanghai and the Mayor of Tianjin on her assumption of office as the Governor of East Java and congratulated her and the people of East Java on their fasting. The two sides discussed ...