EU carbon rules hurt Asean exporters but could benefit them later: ADB
Some deride the EU policy as a trade barrier, while others say it may force origin countries to move faster toward more sustainable production practices.
Vincent Fabian Thomas
Bank of Indonesia to launch domestic credit card system
President Joko “Jokowi” Widodo deems such independence essential to shield transactions from geopolitical fallout.
Indonesia govt dishes out incentives to make headway on new capital
The government is also waiving fees and levies for land right applications and transfers for a certain period of time.
Indonesia needs to ease import rules to attract investment: Korean firms
Indonesia’s high capital requirements also posed a barrier to entry for Korean firms looking to set up shop in the country.
Batang Toru power plant project hits snag as orangutan conflict worsens
Tapanuli orangutans are tree-bound and the power plant construction has forced the animals to intrude on nearby villages and farms, following the loss of forest in their habitat.
China’s big firms put reputation at risk in Batang Toru power plant
While battling public scrutiny over encroaching on an endangered orangutan habitat, the hydropower plant also experienced financial struggles.
Indonesia’s crypto market braces for stricter regulation amid downturn
Cryptocurrencies had attracted massive popularity in Indonesia and many parts of the world since the pandemic began.
‘Digital rupiah’ won’t cut out banks, fintech, BI claims
The bank announced it would not offer interest rates on the so-called “digital rupiah” to avoid creating “head-to-head” competition with financial products created by…
G-20 attracts new EV investment to Indonesia
The fund, which is expected to grow up to US$2 billion, will focus on electric vehicle value chain investment primarily in Indonesia from downstream to upstream.
BI hikes rate by another 50 basis points as rupiah skids further
It marks the fourth consecutive month of Bank Indonesia’s tighter monetary policy as the central bank brings the benchmark rate to 5.25 per cent.