Business and Investment
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Just Energy Transition Partnership (JETP): A failed initiative or unfulfilled promise?
Hashim S. Djojohadikusumo, Indonesia’s Special Presidential Envoy for Climate and Energy, recently expressed strong reservations about the effectiveness of the Just Energy Transition Partnership (JETP), calling it a "failed program." At the CNBC Indonesia ESG Sustainability Forum 2025, Hashim remarked, “It has been running for two years, yet not a single dollar has been disbursed by the U.S. government. It turned out to be just empty talk.”
Major budget cuts lead to delay, cancelation of infrastructure projects in 2025
Minister of Public Works, Dody Hanggodo, reveals that a number of infrastructure projects will affected following the shrinking of infrastructure spending at the Ministry of Public Works by more than 75 percent from Rp90.93 trillion (US$5.6 billion) to Rp22.3 trillion.
UAE eyes major housing investment in Indonesia to help address housing shortage
The United Arab Emirates’ (UAE) potential investment in Indonesia’s housing sector will be in the form of business-to-business (B2B) cooperation between Indonesian and UAE entrepreneurs, said the Ministry of Housing and Residential Areas.
GAPKI asks expanded oil palm oil plantations to meet B50-B100 mandate by 2045
The Indonesian Palm Oil Association (GAPKI) says that Indonesia needs to have extended oil palm plantations to meet the needs of the mandatory program of mixing fuel oil (BBM) and biofuel (BBN) by 50 percent or B50 up to B100.
Fisheries sector told to improve quality, diplomacy to meet international standard
A fishery industry watchdog has asked the Indonesian fisheries export industry toimprove their product quality and strive to meet international standards so as to be able to compete in global market.
Ministry to revoke permits of 18 companies ignoring forest management rights
The Ministry of Forestry has planned to revoke Forest Utilization Business Permit (PBPH) of 18 companies covering an area of 526,144 hectares (ha) for their failure to make maximum use of the forest management rights they have been entitled to.
Indonesia set to build new petroleum storage facility, boost energy reserves
The government has planned to increase national energy buffer reserves from 21 days to 51 days by establishing a petroleum storage facility on Nipa Island, Riau Islands.
Early retirement of Cirebon-1 PLTU set to attract investment, boost energy transition
The Cirebon-1 Coal-fired Power Plant (PLTU), which is planned for early retirement, is estimated to attract investment worth US$198 million (Rp3.2 trillion) through the construction of a solar panel and electric battery factory.
Presiden unveils plan for sea wall to protect Java's rice fields from rising sea level
President Prabowo Subianto has considered building a giant sea wall of 700 kilometers (km) in length from Banten to East Java aimed at protecting rice fields on the northern coast of Java from the impacts of increased sea level.
Government may revoke Masela Block concession after 26 years of uncertainty
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, says that the government may revoke the Masela Block gas concession held by INPEX Corporation since no progress has been made ever since the concession was issued 26 years ago.
Govt to implement CCS technology, prioritize emission reduction over early PLTU retirements
Eniya Listiani Dewi, Director General of New, Renewable Energy and Energy Conservation (EBTKE) at the Ministry of Energy and Mineral Resources (ESDM) has hinted that the use of Carbon Capture Storage (CCS) technology in coal-fired power plants (PLTU) could now begin.
Prabowo encourages Indian investment in Indonesia's infrastructure, technology sectors
President Prabowo Subianto invited the Indian government to invest in the infrastructure sector, with the South Asian country targeting potential investment in the port and airport sectors.