Business and Investment
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KPPU targets resolution, fines payment of Google monopoly case
The Business Competition Supervisory Commission (KPPU) is targeting the case of alleged Google monopoly violations through Google Play Store and its Google Play Billing (GBP) to be resolved this month, with Google being the subject to a sanction of 50 percent of the net profit of the GBP application.
Salt industry faces challenges, focuses on quality improvement, expansion
The Indonesian Food and Beverage Entrepreneurs Association (GAPMMI) reveals that locally produced salt cannot yet be used in the food and beverage industry, with product damage reaching 60 percent in the production process.
Housing Minister announces 40,000 homes built as part of 3 million housing program
Minister of Housing and Settlement Areas, Maruarar Sirait, says that the government has built 40 thousand houses as part of the program to build 3 million houses per year as of Tuesday, January 7, 2025.
Indonesians’ Paylater debts soar, driving BNPL growth and rising loan defaults
The Financial Services Authority (OJK) revealed that Indonesian Paylater debts jumped by 48 percent from the same period of the previous year to Rp20.5 trillion (US$1.3 billion), while the Buy Now Pay Later (BNPL) receivables in financing companies and banks were recorded at Rp30.36 trillion.
Bahlil pushes for accelerated completion of Balikpapan RDMP expansion by July 2025
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, met with top executives of State energy company PT Pertamina, requesting the Balikpapan Refinery Development Master Plan (RDMP) project to be operational in July 2025.
Indonesia focuses on NZE, new standardization for CCS
The government is encouraging emission reductions to achieve net zero emissions (NZE) through utilization of new and renewable energy (EBT) and Carbon Capture and Storage (CCS), fossil energy reduction, use of electric vehicles in the transportation sector and increased use of electricity in households and industry.
Indonesia rolls out B40 policy for diesel imports, emission cuts starting this month
The Ministry of Energy and Mineral Resources (ESDM) began the implementation of the B40 biodiesel policy on Wednesday, January 1, 2025, with the prime target of emission reduction and cut imports cut.
East Ventures prioritizes investment on climate tech, AI, health and consumer sectors
East Ventures, an Indonesian venture capital firm, has announced climate technology, health, consumer, and Artificial Intelligence (AI) as its priority investment sectors this year.
NU's business unit advances toward coal exploration in E. Kalimantan, seeks investors
PT Berkah Usaha Muamalah, a business unit of the Nahdlatul Ulama (NU) Muslim organization established to manage 25-26,000 hectares (ha) of mining concession in East Kalimantan, is currently progressing toward exploration permit.
Experts slam, warn of President Prabowo's defensive remarks on palm oil expansion
Experts and activists criticized President Prabowo Subianto's recent remarks, which defended Indonesia’s palm oil industry and support for its expansion.
Plan to open forest for food security could pose ecological, climate risk: NGOs
The Indonesian Forum for Environment (WALHI) has criticized the government’s plan to open 20 million hectares (ha) of land as reserve forest land for food, energy and water security sources, which could result in various negative impacts in the form of hydrological damage, flooding and landslides from upstream to downstream.
President sets Rp13 T in investment target for 2024-2029, to boost economic growth
President Prabowo Subianto has set the target of Rp13,032 trillion (US$803 billion) in investment for the 2024-2029 period to create more jobs domestically and promote economic growth.