The Katingan Mentaya Project has issued credits equivalent to 30 million tons and brought in an estimated $210 million since 2017.  (Photo courtesy of Katingan Mentaya Project) 
Climate Change

Indonesian carbon credit project appears to betray its purpose

Nikkei investigation shows credits being sold exceed potential absorption gains

13 December 2021
Southeast Asian central banks are forecasting subdued inflation. (Source photos by AP and Akira Kodaka)
Economy

Subdued inflation in ASEAN countries augurs central bank inaction

Indonesia and Thailand experience weak price rises amid slow recovery from COVID

9 December 2021
Indonesia, which derives 60% of its electricity from coal, ranks 10th globally in carbon dioxide emissions from energy sources.
Climate Change

Indonesia shifts and unleashes wave of decarbonization plans

Jokowi needs country to lead on climate while serving as G-20 president

2 December 2021
Despite Indonesia's reopening, Bali's Nusa Dua beach remained empty in mid-November. (Photo by Shotaro Tani)
Interview

Indonesia prioritizes pandemic over tourism as omicron worries swirl

Minister says tough controls will help country as it gears up to chair G-20

29 November 2021
The omnibus law was thought to be President Joko Widodo's most important structural reform in his second term, but the court ruling on Thursday has created uncertainties around its implementation.
Economy

Indonesia court says omnibus law defective due to bad process

Government told to 'create legal ground' for framework within two years

25 November 2021
Bali beaches like this one remained empty in mid-November, sparking deep frustration in the island's crucial tourism sector. (Photo by Shotaro Tani)
Economy

Bali still a shadow of its former self as foreign tourists stay away

Indonesia's 'Island of the Gods' struggles to shake off the impact of COVID

21 November 2021
A Bitcoin sign in Bali, Indonesia, where a top Islamic body has told Muslims to steer clear of cryptocurrencies. 
Economy

Muslims cannot use crypto, Indonesia clerical council says

MUI cites uncertainty and potential for losses in its Islamic Law decree

18 November 2021
The coronavirus pandemic has added further fuel to Southeast Asia's rapidly growing digital economy. (Source photo by AP)
Business trends

ASEAN's digital economy projected to hit $1tn by 2030

Google-led report says retail and finance to fuel growth as internet use surges

10 November 2021
A shopping mall in Jakarta. Over 75% of the Indonesian capital's population has been fully vaccinated, which has acted as a booster shot for the entire nation's economy.
Economy

Indonesia's GDP bounce softens to 3.51% in Q3

Latest data shows significant drop-off from Q2 spurt of 7.07%

5 November 2021
Police in Vietnam inspect travel documents of commuters during the first day of a lockdown in Hanoi on Sept. 6. The country's economy has been hammered by COVID curbs.
Coronavirus

Asian economies take $1.7tn hit from COVID in 2020

Tourism and other service sectors suffered most

26 October 2021
A coal mine in Tabalong, Kalimantan island. Indonesia is the world's largest thermal coal exporter and its population is heavily reliant on the commodity for energy.
Climate Change

Indonesia needs $200bn a year until 2030 for net-zero emissions

Cutting fuel subsidies and selling carbon units are options to boost coffers

20 October 2021
Excavators pile coal in a storage area at a power plant in Suralaya: coal accounts for 60% of Indonesia's power generation capacity. 
Opinion

Biomass offers Indonesia a way out of its net-zero emissions dilemma

Carbon neutral fuel can help offset set overreliance on coal

14 October 2021
A man straightens beach loungers as the Indonesian resort island of Bali on Sept. 14 as it prepares to welcome international visitors vaccinated against COVID-19.
Economy

Bali reopens to travelers from 19 countries in monthlong program

Visitors must quarantine for 5 days in designated hotels

14 October 2021
Exhaust billows from a coal-fired power plant in Suralaya, Indonesia: The Asian Development Bank plans to set up funds to finance the early retirement of such plants.
Interview

Asian Development Bank to fund closures of coal power plants

Asakawa says move would shut facilities five or 10 years earlier than planned

6 October 2021
Bali desperately needs tourists to revive its economy, which contracted by the largest margin among all Indonesian provinces in 2020.
Economy

Bali to open to some foreign travellers from mid-October

Arrivals from China, Japan, South Korea may be permitted but list not finalized

4 October 2021
Vehicles are seen in traffic jam during afternoon rush hour in Jakarta, Indonesia, May 27, 2021.
Economy

Indonesia starts process to raise VAT and introduce carbon tax

Large overhaul on way for system that fails to account for most of populace

1 October 2021
A girl studies with her mother at their home in Manila while schools are closed due to the coronavirus. Children in emerging Asia could lose more than $500 in lifetime earnings because of the pandemic.
Economy

Pandemic deepens poverty in Asia-Pacific for 2nd year

'Reversal of fortunes' seen across the region, except in China

29 September 2021
A young girl is seen with her family on Wednesday after COVID restrictions were eased to allow children under 12 into shopping malls in Jakarta.
Coronavirus

Indonesia COVID rate falls to ASEAN's lowest as rebound fears loom

Nation sheds tag of regional epicenter, but reopening of economy brings risks

24 September 2021
The ADB confirms Myanmar's industrial output and employment have fallen since an inconclusive military takeover in February.
Economy

ASEAN's delta battle mows nearly 1% off ADB growth forecast

Myanmar in line to contract 18.4% in 2021 as military rule and COVID take toll

22 September 2021
People outside a shopping mall in Jakarta in August. The Indonesian government that month entered into a debt-financing scheme with the central bank to keep the economy afloat.
Economy

ASEAN finances eroded by pandemic, stoking risk of currency slump

Thailand, Indonesia and Malaysia resort to drastic measures to fund COVID relief

22 September 2021
Activists wearing protective masks sit inside the Central Jakarta Court on Thursday during the hearing of a citizen lawsuit, done in an attempt to sue the government into taking action on Jakarta's air pollution.
Environment

Jakarta court finds Jokowi negligent over city's air quality

Judges order president to tighten standards to stem pollution

16 September 2021
Pertamina workers load and unload fuel at a terminal in Pematang Siantar, Indonesia. Subsidiary Pertamina International Shipping is set to debut on the stock market by next year.
IPO

Indonesia to jump on IPO boom by listing 14 state-owned companies

Fundraising drive to improve competitiveness and replenish coffers

16 September 2021
A restaurant in Bogor, near Jakarta: Diners will be able to eat for longer under Indonesia's latest easing of its COVID-19 restrictions.
Coronavirus

Indonesia eases COVID curbs across Java, with tourism set to reopen

Jokowi urges faster vaccination ahead of National Games

6 September 2021
Indonesia's President Joko Widodo and Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed Al Nahyan hold a pitcher as they plant a tree during a welcoming ceremony at the presidential palace in Bogor, Indonesia on July 24, 2019.
Trade

Indonesia and UAE begin talks on trade and investment pact

Jakarta wants to use CEPA to access African and other Gulf markets

2 September 2021