Saturday, November 23, 2024

INSIDER

Corporate, competitive and government-relation intelligence and interview
Inner Circle
The Mining advocacy network (Jatam) has alleged that a larger part of the President Prabowo Subianto Cabinet has direct and/or indirect link to extractive oligarchy. […]
The Securities Crowdfunding (SCF) and Initial Public Offering (IPO) schemes are the two main instruments offered by the Indonesian capital market to support corporate funding, a senior official at the Indonesia Stock Exchange (IDX) has said. […]
Former Minister of Communication and Informatics (Kominfo), Budi Arie Setiadi, has alleged the presence of individuals linked to online gambling within the ministry before his tenure began. […]
Former Coordinating Minister for Political, Legal, and Security Affairs, Mahfud MD, has expressed concern over what he perceives as political undertones in the arrest of former Trade Minister Thomas Trikasih Lembong, known as Tom Lembong. […]
The Center of Economics and Law Studies (CELIOS) research institute revealed that the state budget (APBN) deficit has the potential to exceed the safe limit and could reach three percent in 2029 due to the free nutritious meal program (MBG). […]
The Center for Indonesia’s Strategic Development Initiatives (CISDI) says that the simultaneous Regional Head Elections (Pilkada) on Wednesday, November 27, 2024 can be a momentum to determine leaders who care about the impact of the climate crisis. […]
The Ministry of Communication and Digital (Komdigi) has identified a number of accounts in digital wallet applications, such as DANA, GoPay, LinkAja, OVO, Sakuku, and ShopeePay, that have been used for online gambling transactions. […]
The government continues to accelerate measures towards energy self-sufficiency, putting oil&gas projects as the main pillar, with the Gendalo Gandang (Indonesia Deepwater Development) being determined as the latest project under the National Strategic Project (PSN) category based on Regulation of the Coordinating Minister for the Economy No. 6/2024. […]
Governor of the Indonesian Central Bank (BI), Perry Warjiyo, says that the room to lower the BI-Rate benchmark interest rate is still open in the future. […]
The Association of Indonesian Oil and Gas Companies (Aspermigas) assesses that the energy self-sufficiency target set by President Prabowo Subianto will be difficult to achieve if illegal drilling is still rampant. […]
The Indonesian Crowdfunding Service Association (ALUDI) expressed its optimism about the prospects of securities crowdfunding (SCF) in Indonesia despite global and domestic economic challenges. […]
Commissioner General Setyo Budiyanto was elected as Chairman of the Corruption Eradication Commission (KPK) for the 2024-2029 period in a plenary session of the House of Representatives’ (DPR) Law Enforcement Commission III on Thursday, November 21, 2024. […]
Secretary General of the Indonesian Democratic Party of Struggle (PDI-P), Hasto Kristiyanto, said that the volunteers group of former Governor Anies Baswedan (Anak Abah) had supported the Pramono Anung-Rano Karno pair in the upcoming Jakarta Gubernatorial Election. […]
Secretary General of the Indonesian Democratic Party of Struggle (PDI-P), Hasto Kristiyanto, has expressed confidence that the party’s candidate pair Pramono Anung-Rano Karno could win the Jakarta Gubernatorial Election in one round. […]
Confederation of Indonesian Trade Unions (KSPN) has asked the government to handle illegal imported goods that have freely flooded the domestic market by immediately pursuing and arresting the mastermind of smuggling activities in Indonesia. […]
Coordinating Minister for Law, Human Rights, Immigration and Correctional Institution, Yusril Ihza Mahendra, said the process of returning drugs convict Mary Jane Veloso to the Philippines will be carried out in December 2024. […]
Head of The Upstream Oil and Gas Regulatory Task Force (SKK Migas), Djoko Siswanto, has opened up the opportunity for cooperatives to manage oil wells that have been illegally drilled by the communities without permission. […]
PT Pertamina Hulu Rokan (PHR), an upstream subholding of State energy company PT Pertamina, has made history in the national oil and gas industry after discovering the first unconventional oil and gas (MNK) resource in Indonesia, namely the Gulamo DET-1 Well in the Rokan Block, Dumai, Riau. […]
Government continues to strive to boost food productivity by distributing superior rice seeds to the people of East Java, aimed at reducing poverty and hunger, particularly in rural areas. […]
Global civil society organizations have suggested that despite increase in funding, the effectiveness of the climate financing should be more important than mere quantity, citing that the Multilateral Development Banks (MDBs) funding has so far not gone to the right projects. […]
Hendry Lie, boss of Sriwijaya Air who is a suspect in tin trade corruption case related to 2015-2022 illegal tin mining activities within the mining license (IUP) operational area of State-owned tin miner PT Timah, was arrested upon arrival at Soekarno-Hatta International Airport on Monday, November 18, 2024. […]
Minister of Transmigration M. Iftitah Sulaiman Suryanagara met with Minister of Investment and Downstream/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani on Monday, November 18, 2024, discussing strategic collaborative measures to develop economic potential in transmigration areas. […]
The government’s plan to increase Value Added Tax (VAT) to 12 percent by 2025 amidst low wages of workers will only severely burden low income Indonesian people and laborers and push away the expected economic growth target of eight percent, says the Confederation of Indonesian Trade Unions (KSPI). […]
The government’s move to consider revising the price ceiling for flight tickets (TBA) and the price floor for flight tickets (TBB) is against the economic principles and the needs of the aviation industry, an aviation observer says. […]
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has issued a stern warning to Oil and Gas Contractors (KKKS) − revocation of oil and gas work area (WK) at the maximum − for their failure to immediately implement the already agreed Plan of Development (PoD). […]
The Indonesian Air Force is joining the President Prabowo Subianto administration’s free nutritious meal program, participating since the provision of land and infrastructure, up to preparation and delivery of the nutritious meals to students. […]
The Ministry of Investment/Investment Coordinating Board (BKPM) projects that Indonesia’s downstream program could attract US$618 billion (Rp9,000 trillion) in investments over the next 15 years, providing a significant boost to the country’s economic growth through 2040. […]
The Indonesian Ministry of Investment is planning to transform the Food Estate in Merauke, South Papua, into an integrated sugar industry hub. The project is designed to meet domestic sugar demand while also producing bioethanol, aligning with the nation’s vision of food and energy self-sufficiency. […]
State energy company PT Pertamina is set to introduce SAF derived from used cooking oil (UCO), marking a milestone in renewable energy and aviation sustainability. The SAF will be produced using Hydroprocessed Esters and Fatty Acids (HEFA), a method that converts UCO into aviation fuel compatible with existing infrastructure. […]
PT PLN (Persero) has solidified five strategic partnerships to advance Indonesia’s energy transition during the 29th Conference of the Parties (COP29) held in Baku, Azerbaijan. These collaborations focus on funding, technology, and human resource development to accelerate the development of clean energy infrastructure in Indonesia, paving the way for sustainable energy self-sufficiency. […]