Indonesia Business Post

Former Trade Minister Tom Lembong named suspect in 2015-2016 sugar import graft case

The Attorney General’s Office (AGO) has named former Trade Minister Thomas Trikasih Lembong, also known as Tom Lembong, as a suspect in a corruption case related to sugar imports during his tenure in 2015-2016.

ALMI stops all aluminum production as a result of prolonged crisis since 2018

PT Alumindo Light Metal Industry Tbk (ALMI) has stopped operations including all operational activities of the company such as production, administration, and sales as a result of the impact of the prolonged financial trouble since the 2018 global economic crisis.

Dharma Satya Nusantara books US$55 million profit in Q3 2024

Palm oil, wood products, and renewable energy company PT Dharma Satya Nusantara (DSNG) booked profit of Rp868 billion (US$55 million) in third quarter of 2024.

Maung official cars await Pindad's production capabilities: Prasetyo

Minister of State Secretary Prasetyo Hadi has confirmed the plan by the government to use Maung cars produced by PT Pindad as official vehicles for ministers and state officials, apparently awaiting the readiness of the State-owned military vehicle manufacturer’s mass production capacity before making a final decision.

Government to import one million tons of rice in early 2025

An interministerial meeting on Tuesday, October 29, 2024, presided by Coordinating Minister for Food Affairs, Zulkifli Hasan, decided to import 1 million tons of rice from India in 2025 to secure supplies due to delay in harvest season.

Sjafrie discusses increased defense cooperation with US Ambassador

Indonesian Minister of Defense, Sjafrie Sjamsoeddin, met with the United States (US) Ambassador to Indonesia, Kamala Shirin Lakhdhir, at his office on Monday, October 28, 2024, discussing measures to strengthen security and defense partnership between Indonesia and the US.

Coal production target difficult to achieve: Association

The coal production target which has been set by the Ministry of Energy and Mineral Resources (ESDM) at 922.14 million tons by the end of 2024 is difficult to achieve in view of various aspects that could affect domestic coal production, an expert says.

IDX prepares for IPO surge as 28 companies await listings

The Indonesia Stock Exchange (IDX) is set for a significant expansion as 28 companies line up for initial public offerings (IPOs), with 36 companies having debuted on the exchange so far this year, raising Rp5.42 trillion from IPOs.

Workers to oversee Court ruling on judicial review against Job Creation Law

President of The Confederation of Indonesian Trade Unions (KSPI), Said Iqbal, has hinted that thousands of workers will stage a sit-in in front of the Constitutional Court on October 31, 2024 when the court’s justices will read out their verdict on the judicial review filed against the Job Creation Law.

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