The Indonesian Central Bank (BI) and the Reserve Bank of Australia (RBA) have renewed their Bilateral Currency Swap Agreement (BCSA) after the agreement was signed by BI Governor Perry Warjiyo and RBA Governor Michele Bullock and will be effective from March 4, 2025.
The Ministry of Agrarian Affairs and Spatial Planning/National Land Agency (ATR/BPN) is targeting completion of mapping of all land areas in Indonesia by 2025.
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Minister of Forestry, Raja Juli Antoni, met with 7th President Joko “Jokowi” Widodo on Tuesday, March 4, 2025, discussing the government’s measure to plant sugar palm on 1.2 million hectares (ha) of land for energy and food security.
In the intricate world of global geopolitics and geostrategy, few meetings carry the weight of the recent encounter between President Volodymyr Zelensky of Ukraine and U.S. President Donald J. Trump. The high-stake meeting held at the White House on Febrary 28, 2025 unveiled the complex interplay of energy strategy, diplomacy, and national security that shapes our contemporary world.
The Investment Management Agency Daya Anagata Nusantara (Danantara) is poised to become administrator of levies taken from extractive industries, particularly coal, nickel and palm oil, which are expected to generate funds for Indonesia’s transition from fossil fuels to clean and renewable energy.
Get the latest business insights and discover high-potential opportunities in emerging markets that are redefining Indonesia’s economic landscape.
The government will soon execute 21 strategic projects on energy, agriculture, fisheries, and forestry sectors down streaming with an investment value of US$40 billion through funds to be provided by the Daya Anagata Nusantara Investment Management Agency (BPI Danantara).
The government plans to carry out a coal gasification project into dimethyl ether (DME) in three different locations in Sumatra and Kalimantan with the potential funding by the Daya Anagata Nusantara Investment Management Agency (BPI Danantara).
President Director of PT Bakrie & Brothers and President Commissioner of PT VKTR Teknologi Mobilitas, Anindya Novyan Bakrie, said that Bakrie Group is considering carrying out a buyback or repurchase of a number of company shares that have been released to the public.
The Indonesian Chamber of Commerce and Industry (Kadin) reveals four challenges of green energy investment in Indonesia that must be addressed immediately so as not to hinder the acceleration of energy transition in the country.
A study by the Institute for Essential Services Reform (IESR) reveals that there are 333 Gigawatts (GW) from 632 locations of utility-scale renewable energy projects in Indonesia that are financially feasible.
State energy company PT Pertamina believes that the shares transfer to PT Daya Anagata Nusantara (Danantara) will increase dividends paid to the government and consequently all Pertamina investment costs will be the responsibility of Danantara.
The inauguration of the Daya Anagata Nusantara Investment Management Agency (BP Danantara) on Monday, February 24, 2025 has yet to show positive catalyst for Indonesian capital market investors.
Pros and cons, as well as restraint have mounted over the commitment of Indonesia’s newly established Daya Anagata Nusantara (Danantara) Investment Management Agency on transparency, financial sustainability, and freedom of political influence.
Uncovers the dynamics of state-owned enterprises and corporate giants with a vibrant and insightful approach, making the corporate world both fascinating and accessible.
The Ministry of Manpower says that former workers of textile company PT Sri Rejeki Isman (Sritex) have the opportunity to return back to work at the same company, but has yet to decide on which of the company’s factories that are ready to accommodate them.
The Indonesian government has appointed Maroef Syamsudin as the new CEO of state-owned mining holding company MIND ID, replacing Hendi Prio Santoso. Lawmakers and industry experts have emphasized that the decision falls entirely under the Ministry of State-Owned Enterprises (BUMN)'s authority.
State-owned bank PT Bank Negara Indonesia (BNI) signed a strategic cooperation with the state-owned infrastructure financing company PT Sarana Multi Infrastruktur (SMI) through a repurchase agreement (Repo) transaction worth Rp550 billion (US$33.6 million) on Tuesday, March 4, 2025.
Malaysian plastic packaging manufacturers, Thong Guan Industries Bhd., has confirmed its US$ 7 million (Rp115 billion) commitment to invest in the Batang Integrated Industrial Estate (KIT Batang) in Central Java, Indonesia.
The Ministry of State-Owned Enterprises (SOEs) has confirmed the appointment of former president of PT Freeport Indonesia (PTFI) Maroef Sjamsoeddin as President Director of mining SOEs holding company MIND ID.
PT Delta Dunia Makmur (Delta Dunia Group, IDX: DOID) has officially changed its company name to PT BUMA Internasional Grup (BUMA International Group) upon securing approval from the Extraordinary General Meeting of Shareholders held on February 27, 2025.
State-owned coal mining company PT Bukit Asam (PTBA) booked total coal sales of 42.9 million tons throughout 2024, an increase by 16 percent from the previous year (yoy), marking the highest coal sales record in history.
PT Medco Energi Internasional (MedcoEnergi) through its subsidiary, PT Medco E&P Rimau, has announced the discovery of hydrocarbons in the West Kalabau-1 exploration well, Rimau Block, South Sumatra.
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Unveil the stories of influential figures transforming Indonesia’s industries, economy, and political landscape.
Sofyan A. Djalil was born in 1953 in Aceh. Djalil is the Minister of Agrarian and Spatial Planning of Indonesia. He was a very persistent person at a young age to reach his goals, that persistence made him successful in studying at the University of Indonesia (UI). At UI, he studied Business Law and graduated in 1984. He then met his future wife, Dr. Ir. Ratna Megawangi, M.Sc. and has 3 children.
Siti Nurbaya Bakar was born in 1956 in Jakarta to Mochamad Bakar and Sri Banon. She is the current Minister of Environment and Forestry. Her father is a retired Betawi Police officer and his mother is from Lambung. Siti is married to Rusli Rachman and has two children: Meitra Mivida NR and Ananda Tohpati.
Sandiaga Salahuddin Uno was born in 1969 in Riau, Indonesia. Uno is the current Minister of Tourism and Creative Economy. During his childhood, he met with Erick Thohir and was in the same elementary school as a schoolmate. Sandiaga Uno was an undergraduate of Wichita State University in the United States, he graduated with a cum laude. He continued his university education in the United States at George Washington University in 1990 after receiving a paid scholarship from William Soerjadjaja and graduated with an MBA in 1992 and a GPA 4.00.
Wahyu Sakti Trenggono was born in Semarang in 1962, He is the current Minister of Maritime Affairs and Fisheries. Trenggono is a person who focuses on business development. He attended a bachelor's degree in Industrial Engineering at the Bandung Institute of Technology in 1986, after which he continued his Masters in Management at the Bandung Institute of Technology.
Mohammad Ridwan Kamil called Kang Emil or Ridwan was born in Bandung in 1971. Kamil is the Governor of West Java since 2018. He is the son of a husband and wife Dr. Atje Misbach, S. H. and Dra. Tjutju Sukaesih. Ridwan is the second of five children. Ridwan has a family, he is married to Atalia Praratya Kamil and has children Camillia Laetitia Azzahra and Emmiril Khan Mumtadz.
Deep dives into hidden truths, exposing the scandals and secrets that shake the foundations of business and governance.
The Attorney General's Office (AGO) has named seven individuals − four are top officials within PT Pertamina Group and the other three are business partners − as suspects in a corruption case related to mismanagement of crude oil and refinery products at the State energy company, its subholdings and contractors during the 2018-2023 period.
The National Police’s Directorate of General Crimes Investigation has raised the status of the 30-kilometer sea barrier case of Tangerang waters in Banten Province from preliminary investigation (penyelidikan) to comprehensive investigation (penyidikan) on Tuesday, February 4, 2025.
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
The Indonesian government has appointed Maroef Syamsudin as the new CEO of state-owned mining holding company MIND ID, replacing Hendi Prio Santoso. Lawmakers and industry experts have emphasized that the decision falls entirely under the Ministry of State-Owned Enterprises (BUMN)'s authority.
The Indonesian Democratic Party of Struggle (PDI-P) has clarified that its cadres’ participation at the regional head retreat, which is currently underway at the National Military Academy in Magelang, Central Java, is still within the knowledge of party chair Megawati Soekarnoputri.
President Prabowo Subianto says that he will not run in the 2029 presidential election if he considers his performance disappointing and that he would feel ashamed if he is unable to carry out the people's mandate.
President Prabowo Subianto has appointed Minister of Housing and Residential Areas Maruarar Sirait as Chair of the Public Housing Savings Committee Program (Tapera).
Thousands of student protesters, united in a movement dubbed "Dark Indonesia", staged simultaneous rallies in Jakarta and a number of regions in the country on Monday, February 17, 2025, criticizing President Prabowo Subianto-Gibran Rakabuming Raka government’s populist policies, in particular budget efficiency and free nutritious meal (MBG) program.
Former President Joko “Jokowi” Widodo has revealed his political plans for the future, including the possibility of establishing a political party that is very open to everyone.
Mohammed Ali Berawi, Deputy for Green and Digital Transformation at the Nusantara Capital City (IKN) Authority has tendered his resignation from his position, which he had held since October 13, 2022.
President Prabowo Subianto has hinted at the attitude of bureaucrats who oppose the budget efficiency policy of the government, likening them to “little kings” who feel immune to the law and therefore to oppose the head of state's directives.
Powerful insights into the key political players pulling the strings behind government decisions and shaping the nation's future.
Malaysian plastic packaging manufacturers, Thong Guan Industries Bhd., has confirmed its US$ 7 million (Rp115 billion) commitment to invest in the Batang Integrated Industrial Estate (KIT Batang) in Central Java, Indonesia.
French multinational mining and metallurgy company, Eramet, has interest in supporting Indonesia’s Electric Vehicle (EV) battery ecosystem development and downstreaming processing.
Revision of the Forestry Law has been included in the 2025 Priority National Legislation Program (Prolegnas) and the main agenda for discussion in Commission IV of the House of Representatives (DPR), with focus on strenthening green energy campaigns and indigeneous peoples’ rights.
The Indonesian Ministry of Industry has secured a beneficial agreement with Apple following negotiations on the company's investment commitments for the 2023-2029 period.
The House of Representatives (DPR) passed the Fourth Amendment to Law No. 4/2009 on Mineral and Coal Mining (Minerba) into law during the 13th plenary session of the second legislative hearing period on Tuesday, February 18, 2025.
The Legislation Body of the House of Representatives (Baleg) has planned to ratify the Draft Revision of Law No. 4/2009 on Minerals and Coal (UU Minerba) next week.
Minister of Investment and Downstream/Head of the Investment Coordinating Board, Rosan P. Roeslani, renews the Indonesian government’s commitment to achieve 8-percent economic growth by 2029 driven by investment and industrial transformation.
Garibaldi Thohir, or Boy Thohir, and his consortium have ensured that the construction of the Safari Park in the Nusantara Capital City (IKN), East Kalimantan, will begin no later than the end of 2025, with the government having prepared 225 hectares (ha) of land for this project.
Explore the global forces shaking the world and their ripple effects on Indonesia’s destiny.
In the intricate world of global geopolitics and geostrategy, few meetings carry the weight of the recent encounter between President Volodymyr Zelensky of Ukraine and U.S. President Donald J. Trump. The high-stake meeting held at the White House on Febrary 28, 2025 unveiled the complex interplay of energy strategy, diplomacy, and national security that shapes our contemporary world.
Indonesia’s foreign policy after the first 100 days of the Prabowo Subianto administration has become a widely discussed issue. As a country that upholds bebas aktif (independent and active) foreign policy, Indonesia is expected to play a strategic role in various global issues, including peace on the Korean Peninsula and North Korea's denuclearization efforts.[1] Unlike the previous administration of President Joko “Jokowi” Widodo, Prabowo’s military background, along with his distinct experience and ambitions, could exert an influence on Indonesia’s approach to security diplomacy and regional stability.
Coordinating Minister for the Economy, Airlangga Hartarto, held a meeting on February 21, 2025 with Tadashi Maeda, Chairman of the Japan Bank for International Cooperation (JBIC) and Takio Yamada, Japanese Ambassador for the promotion of the Asia Zero Emission Community (AZEC), discussing Japan-Indonesia cooperations on energy transition and green economy.
The Indonesian Ministry of Energy and Mineral Resources (ESDM) is collaborating with the Northern Territory (NT) of Australia in strengthening the supply chain of critical and strategic minerals.
A delegation of 35 French companies, represented by the French Business Confederation (MEDEF International), met with Indonesin Minister of Investment and Downstream Industry, Rosan Perkasa Roeslani, in Jakarta on Tuesday, February 18, 2025 to explore investment opportunities in three key sectors: renewable energy, infrastructure, and decarbonization.
Navy Chief of Staff Admiral Muhammad Ali inaugurated the Multilateral Naval Exercise Komodo (MNEK) 2025 Monument at Benoa Harbor, Bali, on Tuesday, February 18, 2025.
Chairman of the National Economic Council (DEN), Luhut Binsar Panjaitan, reveals that many parties have express interest in establishing a joint venture (JV) with the Daya Anagata Nusantara Investment Agency (Danantara), one of them is from the United Arab Emirates (UAE).
Minister of Defense, Sjafrie Sjamsoeddin, met with Czech Defense Minister, Jana Cernochova, at the Indonesian Ministry of Defense, Jakarta, on Tuesday, February 18, 2025, discussing increased defense cooperation, including renewal of Defense Cooperation Agreement (DCA) and strengthening the defense industry.
The nation’s ability to manage and recover from challenges is evaluated through its strategies in food security, defense, and energy preparedness. This section assesses Indonesia’s effectiveness in tackling crises and ensuring national resilience.
A glimpse into the minds of visionary leaders driving corporate giants and redefining success.
Immersive storytelling and conversations that bring the most critical topics to life through multimedia experiences.
Step into the shadowy world of cyber threats, espionage, and national security in the digital age.
Meutya V. Hafid, Minister of Communication and Digital Application (Komdigi), representing President Prabowo Subianto, is attending the Artificial Intelligence Action Summit (AIAS) Meeting in Paris, France on Monday, February 10-11, 2025.
Hacker Bjorka, who shook Indonesia in 2022 and 2023 when the nation had yet to completely free from the Covid 19 pandemic, now returns with an X account revealing that several private and state-owned banks in Indonesia, such as BCA, BNI, BSI, Bank Mandiri and the Central Bank (BI) will be the next targets of ransomware hacker groups.
The Indonesian and Indian governments have formalized cooperation in the digital sector through the signing of a Memorandum of Understanding (MoU) between the Indonesian Ministry of Communication and Digital (Komdigi) and the Indian Ministry of Electronics and Information Technology.
Minister of Communication and Digital Application (Komdigi) met with Head of the Special Investigation and Development Control Agency (BPPIK) on Thursday, January 9, 2025, discussing the eradication of online gambling, with focus on improving information technology (IT), IT governance, and improving human resources (HR).
The Indonesian Internet Service Providers Association (APJII) and Bersama Digital Data Center (BDDC) officially launched the Second Indonesia Internet Exchange Jakarta (IIX-JK2) at the newest data center facility, JST1 (Jakarta-South-East-1) in East Jakarta.
The integration of Artificial Intelligence (AI) and big data is considered an innovative geospatial system that can optimize natural resource management, while strengthening Indonesia's position in the global supply chain, a research by a team of Bina Nusantara University researchers reveals.
A chilling look into the underworld of corruption, illicit wealth, and shadow economies.
Attorney General Sanitiar Burhanuddin has emphasized that Pertamina's products in circulation meet specifications, a stark contrast to the findings by current corruption investigation into an alleged mismanagement of crude oil and refinery products at the State energy company, its subholdings and contractors during the 2018-2023 period.
PT JTrust Indonesia (J Trust Bank) has reported fintech lending startup Crowde to the Jakarta Police for alleged embezzlement of funds in credit facilities it has provided.
CEO of PT Pertamina has reaffirmed the State energy company’s commitment to ensuring fuel quality and transparency in testing processes, signalling readiness for third-party investigation to regain public trust after a recent finding by the Attorney General’s Office (AGO) of a corruption scandal involving top management within the Pertamina Group.
CEO of State energy company PT Pertamina, Simon Aloysius Mantiri, has issued an apology to the Indonesian public following allegations of corruption in the company’s crude oil and fuel procurement in the period of 2018 to 2023, which is currently being investigated by the Attorney General’s Office (AGO).
Unravel the intricate threads of justice, societal transformation, and cultural narratives shaping Indonesian society.
Swiss-Swedish multinational corporation specializing in power, robotics, automation, and digitalization technologies, ABB, has reaffirmed its commitment to supporting Indonesia’s net zero emissions target and renewable energy transition.
The government has emphasized that the country’s economic growth target of 8 percent must align with environment responsibility, focusing on Carbon Capture and Storage (CCS) technology as solution to reducing carbon emissions.
State-owned mining holding company MIND ID combines Corporate Social Responsibility (CSR) and Corporate Environmental Responsibility (CER) programs as example of mining industry’s contribution to regional economic growth and social welfare.
Escape into the world of indulgence, from serene getaways to the cultural riches that refresh the soul.
The wine industry in Indonesia has seen a rise since the termination of the monopoly of wine imports by the government despite an ongoing effort by the House of Representatives (DPR) to deliberate a controversial alcohol prohibition bill.
The Ministry of Energy and Mineral Resources (ESDM) recently revealed that there are smelting facilities in Indonesia that are importing nickel ore from foreign countries. This seems unusual considering that Indonesia is the world's largest nickel producer.
The Ministry of Public Works and Housing (PUPR) has announced the completion of the Rp 2.06 trillion (US$ 133 million) Cipanas Dam in Sumedang regency, West Java, that is expected to contribute to water, food and energy security while simultaneously fostering new economic growth for its surrounding communities.
Vietnamese vessels had been spotted conducting illegal fishing in the waters of the North Natuna Sea despite the exclusive economic zone (EEZ) demarcation with Indonesia, as reported by a maritime think-tank.
