PT Bank Central Asia (BCA) has formally appointed outgoing President Director Jahja Setiaatmadja as the company’s President Commissioner, replacing Djohan Emir Setijoso, while naming Gregory Hendra Lembong to fill in the post left by Jahja.
Deputy Chairman of Trade and State-owned Enterprises Commission III of the House of Representatives (DPR), Dede Indra Permana Soediro, has brought to light the alleged manipulation of import documents − involving misuse of plastic import permits to import textile illegally − that occurred in a bonded warehouse in the Batujajar area, Bandung Regency.
The Ministry of Energy and Mineral Resources (ESDM) has issued Ministerial Regulation (Permen) No. 5/2025, which provides guidelines on Power Purchase Agreements (PPA) for electricity generated from renewable energy sources aimed at enhancing national clean energy goals more effectively and sustainably.
The Ministry of Energy and Mineral Resources (ESDM) said that the main investment priority of the Nusantara Energy Management Agency (BPI Danantara) is projects related to oil and gas (migas).
The Ministry of Energy and Mineral Resources (ESDM) has proposed an increase in royalty rates or Non-Tax State Revenue (PNBP) in the mineral and coal (minerba) sector.
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Director General of New, Renewable Energy and Energy Conservation (EBTKE) at the Ministry of Energy and Mineral Resources (ESDM), Eniya Listiani Dewi, said the government has set the target for investment in new, renewable energy (EBT) in Indonesia to increase by 28 percent in 2025.
Minister of Agriculture, Amran Sulaiman, has revealed of Rp802.58 trillion (US$49 billion) investment opportunity in the food downstreaming program for 11 commodities, with initial project focusing on developing seven commodities of around Rp406 trillion investment.
Tunas Sawa Erma (TSE) Group, a company engaged in the palm oil sector, is building the first biogas plant in South Papua as part of an effort to reduce carbon emissions and support the green energy transition.
Indonesia is positioning itself as a leader in Carbon Capture and Storage (CCS) technology, with strong regulatory support and growing industry collaboration, an energy expert says.
Indonesia has the potential to lead in Carbon Capture and Storage (CCS) technology in the Asia-Pacific region, with significant geological advantage of having an estimated storage capacity of up to 603 gigatons of carbon dioxide beneath its surface, an Expert says.
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.
Uncovers the dynamics of state-owned enterprises and corporate giants with a vibrant and insightful approach, making the corporate world both fascinating and accessible.
PT Bank Central Asia (BCA) has formally appointed outgoing President Director Jahja Setiaatmadja as the company’s President Commissioner, replacing Djohan Emir Setijoso, while naming Gregory Hendra Lembong to fill in the post left by Jahja.
Indonesian state-owned mining holding company MIND ID has been awarded the prestigious Best Syndicated Loan Deal Southeast Asia/APAC/Indonesia by FinanceAsia at the FinanceAsia Achievement Awards 2024 in Hong Kong.
Minister of Manpower, Yassierli said that the curator team of textile company PT Sritex is looking for new investors to save the company from bankruptcy.
State-owned mining holding company, MIND ID, has reaffirmed its commitment to strengthening women empowerment in the mining industry in line with the International Women’s Day celebration on March 8, 2025 and the Women’s Empowerment Principles (WEPs), launched by UN Women and the UN Global Compact to promote gender equality in the workplace.
Mining company PT Bumi Resources Minerals (BRMS), through its subsidiary PT Citra Palu Minerals (CPM), has appointed Macmahon Indonesia as the underground mining contractor for its Poboya Gold Project in Palu, Central Sulawesi.
A new airline, PT Indonesia Airlines Group (INA), a subsidiary of Calypte Holding Pte. Ltd., will soon start operating in Indonesia, with base at the Soekarno-Hatta Airport, Tangerang, Banten, and only serving international flights.
PT Semen Baturaja (SMBR), a subsidiary of State-owned cement producer PT Semen Indonesia, supports the transition to New Renewable Energy (EBT) through the utilization of Alternative Fuel & Raw Material (AFR), a measure taken to reduce industrial waste while increasing energy efficiency in cement production.
Thousands of workers are set to launch a series of protests in front of PT Sritex factory in Sukoharjo, Central Java, and the MInistry of Manpower in Jakarta from March 10 to March 15, 2025, as a show of solidarity for Sritex workers who were laid off in what is claimed to be illegal termination.
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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 Indonesian Coast Guard (Bakamla) intercepted an attempted smuggling of 60,000 baby lobsters in the waters near D Island, Thousands Island regency, Jakarta, on Tuesday, March 11, 2025.
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.
Deputy Chairman of Trade and State-owned Enterprises Commission III of the House of Representatives (DPR), Dede Indra Permana Soediro, has brought to light the alleged manipulation of import documents − involving misuse of plastic import permits to import textile illegally − that occurred in a bonded warehouse in the Batujajar area, Bandung Regency.
Defense, foreign affairs, and intelligence Commission I at the House of Representatives (DPR) held a hearingwith Minister of Defense Sjafrie Sjamsoeddin and Minister of Law and Human Rights Supratman Andi Agtas on Tuesday, March 11, 2025, discussing the Draft Law (RUU) on Amendments to Law No. 34/2004 on the Indonesian Military (TNI).
President Prabowo Subianto summoned a number of conglomerates to the Presidential Palace in Jakarta for a meeting on Friday, March 7, 2025, discussing investment potential with entrepreneurs to government programs.
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.
Explore the global forces shaking the world and their ripple effects on Indonesia’s destiny.
Indonesian President Prabowo Subianto and Secretary General of the Central Committee of the Communist Party of Vietnam (CPV) Tô Lâm have agreed to upgrade bilateral Indonesia-Vienam relations to a Comprehensive Strategic Partnership.
British Ambassador to Indonesia, Dominic Jermey, has emphasized the United Kingdom's (UK) commitment in strengthening strategic relations with Indonesia, marking the year 2025 as an important moment for Indonesia and the UK in building a stronger foundation for cooperation.
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.
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.
A civil society anti-corruption coalition has reported Junior Attorney General for Special Crimes at the Attorney General's Office (AGO), Febrie Adriansyah, to the Corruption Eradication Commission (KPK) for a number of alleged corruption cases.
Investigators of the Corruption Eradication Commission (KPK) searched the house of former West Java Governor Ridwan Kamil (RK) in Bandung, West Java, on Monday, March 10, 2025.
The Indonesian Environmental Forum (WALHI) has reported 47 cases of mining deforestation to the Attorney General's Office (AGO), with potential State losses reaching hundreds of trillions.
Attorney General ST Burhanuddin has hinted at the possibility of charging suspects in the mismanagement of crude oil and refinery products at State energy company PT Pertamina, its subholdings and contractors (KKKS) in the period of 2018-2023.
Unravel the intricate threads of justice, societal transformation, and cultural narratives shaping Indonesian society.
A new survey by the International Labor Organization (ILO) and the National Research and Innovation Agency (BRIN) has revealed that Indonesian fishing crew members continue to face serious labor rights violations, including forced labor, lack of written contracts, excessive working hours, and inadequate access to social protection.
Flood that hit Puncak Bogor area in West Java following high intensity rainfalls has disrupted activities and damaged infrastructure in some areas, while its impact spread to Jakarta and Bekasi City due to the overflowing of Ciliwung River, Bekasi River, and Cisadane River, a finding by Forest Watch Indonesia (FWI) reveals.
State-owned mining holding company, MIND ID, has reaffirmed its commitment to strengthening women empowerment in the mining industry in line with the International Women’s Day celebration on March 8, 2025 and the Women’s Empowerment Principles (WEPs), launched by UN Women and the UN Global Compact to promote gender equality in the workplace.
Escape into the world of indulgence, from serene getaways to the cultural riches that refresh the soul.
By: Sampe L. PurbaThe Mineral Security Partnership (MSP) is an initiative launched by the U.S. Department of State in 2022. This initiative currently collaborates with 14 countries, including Australia, Canada, Japan, Germany, Finland, and the European Union (EU). The goal is to accelerate public and private investment in a responsible global mineral supply chain.Major mineral-producing countries such as China, Russia, Argentina, Chile, and Malaysia are not part of the MSP. Although India is claimed to be a member, the country often voices criticism that represents the views and interests of developing nations.The MSP functions through various project-focused working groups that engage with project proponents, evaluate project compatibility with ESG standards and MSP strategic objectives, and assess potential modes of MSP support. Partner governments involved in the MSP coordinate across diverse agencies and departments such as those handling foreign affairs, economic policies, energy, trade, development finance, and export finance.The MSP is currently evaluating over a dozen mineral projects worldwide, spanning multiple commodities and stages of the value chain, including processing and recycling initiatives. Partner governments may offer financial, diplomatic, or other forms of support.Main focus of MSPThe MSP emphasizes the need for mineral and metal-based energy projects to be managed with clean technology practices, including mining, extraction, cleaning, processing, refining, and recycling. The main focus is on commodities such as lithium, cobalt, nickel, manganese, graphite, rare earth elements, and copper.The MSP only supports projects that meet global environmental standards, enhance local values, and advance the livelihoods of local communities. The global clean energy transition will only be achieved if countries implement these projects properly. This means that countries that do not adhere to these standards may be excluded or boycotted from the global community concerning funding, technology transfer, and marketing.IEA Critical Minerals Market Review 2023According to data from the International Energy Agency (IEA) Critical Minerals Market Review 2023, the three largest critical mineral processors globally are China, Indonesia, and Chile.China is the producer and processor of 65 percent of lithium, followed by Chile with 29 percent and Argentina with 5 percent. Indonesia produces 43 percent of nickel, followed by China with 17 percent and Russia with 5 percent.China also leads in copper with 42 percent, followed by Chile with 9 percent and Japan with 6 percent. China produces and processes 74 percent of cobalt, followed by Finland with 10 percent and Canada with 5 percent. China produces 90 percent of rare earth elements, followed by Malaysia with 9 percent and Estonia with 1 percent. Even graphite is 100 percent produced in China.Importance of critical mineralsThe above-mentioned critical minerals are key components for clean energy technology, defense systems applications, and manufacturing technology. Lithium, cobalt, nickel, and graphite, for instance, are essential components for electric vehicle batteries and energy storage systems.Rare earth elements are vital for wind turbine magnets, electric vehicles, and defense technologies such as precision-guided munitions and advanced communication systems. Conventional defense systems are based on metals such as iron and copper, which are predominantly controlled by China. Technological superiority lies with the United States, Russia, and the European Union.Geopolitics and geostrategyThe MSP initiative from the United States and other developed countries can be seen as part of a rebalancing policy to pressure producing countries. Environmental protection, democracy (involvement of local communities represented and voiced by social and non-governmental organizations), and the power to dictate market and technology are powerful geopolitical weapons. This is entirely legitimate.In mid-July 2024, the U.S. Deputy Secretary of State for Economic Growth, Energy, and the Environment, Jose Fernandez, visited Indonesia to discuss critical minerals. Some concerns raised included Indonesia's environmental practices, local community involvement, and the dominance of Chinese companies in Indonesia.Collaboration with IndonesiaFernandez's polite language was, "We believe that Indonesia's collaboration, if it joins the MSP, will bring better investment for Indonesia, not just any investment, but investments that benefit the community, respect labor laws, and uphold environmental regulations." Fernandez also stated that Indonesia is one of the seven countries supported to become a semiconductor hub.In response, Coordinating Minister for the Economy Airlangga Hartarto expressed hope that the ease of cooperation, similar to that between the U.S. and Japan, would also apply to Indonesia. Airlangga informed the public that the Indonesian government and Fernandez discussed ways to develop critical minerals and would also cooperate in a Mineral Forum that could be developed as a supply chain platform. The normative position conveyed by Airlangga is appropriate.Indonesia's positionIndonesia has strong bargaining power with its critical mineral resources, including copper and cobalt. To meet fair environmental and legal standards, it should be noted that the regulatory framework, such as the requirement for environmental impact assessments (AMDAL) and community involvement, is accommodated in the Environmental Protection and Management Law (Law No. 32/2009).Mining aspects, including good mining practices, environmental protection, reclamation, and post-mining activities, in accordance with the principles of Environmental Social Governance, are accommodated in Law No. 3/2020 on Mineral and Coal Mining.Indonesia also implements good governance and transparency through anti-corruption measures. Indonesia is a member of the EITI (Extractive Industries Transparency Initiative), which encourages responsible mining. In terms of risk management, mining projects are always preceded by environmental and social risk assessments. Although not perfect, these steps are commendable.Developed countries like the United States and the European Union have also been invited to invest directly in Indonesia's mineral and mining sectors. Value addition is one of the goals of the Sustainable Development Goals. Downstream processing is a way to accelerate this, providing balance and fairness for the host country and community with investor countries, including for good benchmarks in mining management.As a country with an independent and active political stance, President-elect Prabowo Subianto has visited various countries such as China, Russia, and Turkey, as well as opened up to the United States and the European Union. This is a positive signal that should also be utilized by the U.S. government, whoever is elected president.As the name suggests, MSP is a Partnership. Partnership respects equality, balance, discussion, and willingness to listen and be heard. Partnership is not the imposition of unilateral terms or conditions. This is the essence of a civilized and sovereign state and society. Indonesia, the United States, and other countries live and collaborate in this spirit.The writer, Senior Advisor to the Minister of Energy and Mineral Resources (2019-2023), holds Doctoral degree in Energy Geostrategy and is an alumnus of the Indonesian Defense University.
PT Samator Indo Gas (AGII) has booked a profit decrease of Rp29.09 billion (US$1.8 milllion) for the period of January to September 2024, as published in the company’s report on the Indonesia Stock Exchange (IDX) on Monday, September 30, 2024.
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.
Robust sales of electric vehicle (EV) and its key component − battery − have led to increase demand of solid nickel, which subsequently lure mining business players to increase their production capacity and profiles, including two nickel mining companies − PT. Sumber Mineral Global Abadi and PT. Adhi Kartiko Pratama − which have decided to go public in early 2024.
