Govt begins phased citizens evacuation from Iran amid escalating tensions
The government has begun the phased evacuation of its citizens from Iran, amid growing regional instability.
Danantara injects US$405 million into Garuda Indonesia
State-owned investment management agency Daya Anagata Nusantara (BPI Danantara), through its subsidiary PT Danantara Asset Management, has extended a US$405 million (Rp6.65 trillion) shareholder loan to national flag carrier Garuda Indonesia, aimed at accelerating the airline's long-term transformation and performance recovery strategy.
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Northstar-Ares merger flags concerns over foreign gains: Market analyst
A merger between venture capital firm Northstar Group and U.S.-based investment giant Ares Management Corp. has rekindled scrutiny over previous high-profile investment maneuvers in Indonesia.
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Gas power expansion in RI’s RUPTL could cost the State US$60 billion: IEEFA
Indonesia’s plan to expand gas-fired power plants in its 2025–2034 Electricity Supply Business Plan (RUPTL) could burden the state with up to US$60 billion in fiscal costs, according to a new analysis from the Institute for Energy Economics and Financial Analysis (IEEFA).
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Asia Pramulia to launch IPO, targets expansion in plastic packaging industry
Plastic packaging manufacturer PT Asia Pramulia has announced plans to go public through an initial public offering (IPO) on the Indonesia Stock Exchange, offering 812 million shares, representing 29.9 percent of its issued and paid-up capital, set between Rp114 and Rp124 per share.
Investment and Risk
Get the latest business insights and discover high-potential opportunities in emerging markets that are redefining Indonesia’s economic landscape.
Danantara injects US$405 million into Garuda Indonesia
State-owned investment management agency Daya Anagata Nusantara (BPI Danantara), through its subsidiary PT Danantara Asset Management, has extended a US$405 million (Rp6.65 trillion) shareholder loan to national flag carrier Garuda Indonesia, aimed at accelerating the airline's long-term transformation and performance recovery strategy.
Northstar-Ares merger flags concerns over foreign gains: Market analyst
A merger between venture capital firm Northstar Group and U.S.-based investment giant Ares Management Corp. has rekindled scrutiny over previous high-profile investment maneuvers in Indonesia.
Indonesia launches its largest integrated solar panel factory in Kendal
Indonesia inaugurated on Thursday, June 19, 2025 its largest and first integrated solar cell and module manufacturing facility, PT Trina Mas Agra Indonesia (TMAI), located in the Kendal Industrial Park, Central Java.
UNESCO status halts Medco’s cement plant project in Kebumen
Following the recent designation of Kebumen in Central Java as a UNESCO Global Geopark, Medco Group’s subsidiary PT Semen Gombong has formally canceled its plans to develop a cement factory in the regency.
Sri Mulyani highlights US$625 B infrastructure funding gap, Danantara touted as solution
Indonesia faces a massive funding gap in its bid to develop infrastructure by 2029, requiring a total of US$625.37 billion (Rp10,154 trillion) to meet national development goals, said Minister of Finance Sri Mulyani Indrawati.
Danantara to allocate US$7 B for strategic investments, eyes global expansion
Indonesian investment powerhouse Danantara is set to allocate 20 percent of its total capital for overseas ventures as part of its long-term strategy to grow into a global business player and the remaining 80 percent for strategic domestic projects, with a strong emphasis on national priority sectors.
Israel-Iran war sends oil prices soaring, pressures Indonesia’s economy: Expert
The outbreak of war between Israel and Iran in June 2025 has triggered a dramatic spike in global oil prices, surpassing US$100 per barrel, sending shockwaves through energy-importing nations like Indonesia, placing immense pressure on the country’s State budget and simultaneously threatening inflation and currency stability, an expert says.
Indonesia eyes seaweed as next green gold with promising downstream investment
Chairman of the National Economic Council (DEN), Luhut Binsar Pandjaitan, has announced growing investor interest in Indonesia’s seaweed downstreaming program, with State inestment management agency Daya Anagara Nusantara (Danantara) among the companies looking to invest.
Corporate Affairs
Uncovers the dynamics of state-owned enterprises and corporate giants with a vibrant and insightful approach, making the corporate world both fascinating and accessible.
Asia Pramulia to launch IPO, targets expansion in plastic packaging industry
Plastic packaging manufacturer PT Asia Pramulia has announced plans to go public through an initial public offering (IPO) on the Indonesia Stock Exchange, offering 812 million shares, representing 29.9 percent of its issued and paid-up capital, set between Rp114 and Rp124 per share.
IDX aims for several lighthouse IPOs in 2025
The Indonesia Stock Exchange (IDX) is targeting several major companies to go public under its Lighthouse IPO program throughout 2025.
PT Pancaran Samudera Transport set to raise Rp200 B in upcoming IPO
PT Pancaran Samudera Transport (PSAT) is preparing to launch its initial public offering (IPO) on the Indonesia Stock Exchange (IDX), with the listing scheduled for July 8, 2025.
Danantara eyes partnership with Russia to build clean energy shipyards in Indonesia
Indonesia’s sovereign investment agency Badan Pengelola Investasi Daya Anagata Nusantara (Danantara) is preparing a partnership with Russian counterparts to develop clean energy-based shipbuilding infrastructure within the country.
PT Trimitra Trans Persada launches IPO to raise up to Rp152 billion
PT Trimitra Trans Persada (B-LOG), an integrated logistics and transportation services provider, has announced plans for an initial public offering (IPO), releasing up to 563 million shares to the public.
Bank DKI rebranded as Bank Jakarta to mark strategic transformation
Bank DKI has officially rebranded itself as Bank Jakarta, unveiling a new name and logo as part of a broader strategic transformation aimed at building a stronger, more adaptive, and professional institution.
Aster Chemicals secures ownership of Jurong refinery unit in expansion move
Aster Chemicals and Energy Pte Ltd, a joint venture between PT Chandra Asri Pacific and global commodity giant Glencore, has announced the signing of an agreement to acquire a 50 percent beneficial interest in Petrochemical Corporation of Singapore (PCS) Pte. Ltd.’s Condensate Splitter Unit (CSU) and related infrastructure located on Jurong Island, Singapore.
BUMI acquires Australian gold and copper miner Wolfram, issues bonds to fund deal
PT Bumi Resources (BUMI), a subsidiary of Bakrie Group, and one of Indonesia’s largest mining companies, is set to acquire Australian gold and copper mining firm Wolfram Limited in a diversification move worth Rp350 billion (US$21 million).
Opinion and Editorial
Bold opinions and cutting-edge perspectives from thought leaders on the burning issues of our time.
Indonesia’s defense industry and the significance of Indo Defense 2025
Profiles
Unveil the stories of influential figures transforming Indonesia’s industries, economy, and political landscape.
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Sofyan Djalil
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.
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Siti Nurbaya Bakar
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.
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Sandiaga Uno
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.
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Sakti Wahyu Trenggono
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.
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Ridwan Kamil
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.
Investigations
Deep dives into hidden truths, exposing the scandals and secrets that shake the foundations of business and governance.
KPPU warns of law violation in potential Grab-GoTo merger
Indonesia’s Business Competition Supervisory Commission (KPPU) has issued a public warning regarding the potential merger between tech giants Grab and GoTo, emphasizing the importance of compliance with national competition laws.
Bakamla foils tin ore smuggling attempt in Lingga Islands waters
The Indonesian Maritime Security Agency (Bakamla) has intercepted a wooden vessel suspected of smuggling tin ore without proper documentation in the northern waters of the Karimata Strait, near Lingga Island, Riau Islands Province, on Friday, April 25, 2025.
Armed separatist group claims execution of 11 Indonesian gold miners in Papua
The West Papua National Liberation Army (TPNPB) has claimed responsibility for the execution of 11 illegal gold miners in Yahukimo, Papua, while alleging the casualties as soldiers disguising themselves as gold miners in a mission to infiltrate their operational areas.
More Indonesians evacuated from Myawaddy, after 400 others in 1st attempt
The Indonesian Ministry of Foreign Affairs’ Task Force for the Protection of Indonesian Citizens Abroad, in collaboration with the Indonesian Embassies in Bangkok and Yangon, evacuated 169 more Indonesian citizens from Myawaddy, Myanmar on Tuesday, March 18, 2025.
Indonesian Coast Guard foils smuggling of 60,000 baby lobsters
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.
Top officials, business partners named suspects in Pertamina graft scandal
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.
Police raise sea barrier case status in Tangerang to “comprehensive investigation”
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.
Politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
President Prabowo resolves Sumatra islands dispute in Aceh's favor
President Prabowo Subianto has ruled that the four contested islands in northern Sumatra will fall under the administrative jurisdiction Aceh Province in a decisive move to resolve a prolonged territorial dispute.
Indonesia weighs 1956 law, Helsinki Accord to resolve Aceh–North Sumatra dispute
The Ministry of Home Affairs is considering invoking Law No. 24/1956 and the 2005 Helsinki Peace Agreement as legal and political references in the ongoing territorial dispute between Aceh and North Sumatra over four contested islands.
“Sumitronomic” still relevant amid today’s challenges: Experts
Experts have emphasized that the economic framework developed by Prof. Soemitro Djojohadikoesoemo − known as “Sumitronomic” − is still relevant amid today’s global geopolitical and economic challenges.
President Prabowo named Honorary Councilor of PSSI
President Prabowo Subianto has agreed to become an Honorary Councilor of the Football Association of Indonesia (PSSI), said PSSI Chairman Erick Thohir.
Almuzzammil Yusuf appointed as new PKS President for 2025–2030 term
The Prosperous Justice Party (PKS) has announced its new national leadership for the 2025–2030 term, following the First Syura Council Deliberation held in Jakarta on June 3-4, 2025.
Survey: President and military remain most trusted Indonesian institutions
The latest survey by Indonesia Political Opinion (IPO), conducted in May 2025, reveals that President Prabowo Subianto and the Indonesian Military (TNI) remain the most trusted institutions in the country − reflecting a continuing trend in public confidence and little change compared to previous periods.
UGM prepares for mediation over 7th President Jokowi’s diploma lawsuit
Gadjah Mada State University (UGM) has confirmed its readiness to attend a court-ordered mediation session scheduled for Wednesday, May 28, 2025, at the Sleman District Court, Yogyakarta in relation with a civil lawsuit challenging the authenticity of former President Joko “Jokowi” Widodo’s undergraduate diploma.
New Indonesian history project stirs debate over objectivity, political complexity
As Indonesia prepares to celebrate the 80th anniversary of its independence, the governmen’s initiative to rewrite the nation’s history has reignited old tensions over how the past should be remembered and who gets to decide.
Capitol Influence and Lobbying
Powerful insights into the key political players pulling the strings behind government decisions and shaping the nation's future.
Indonesia calls for OIC to be firmer on Palestine, multilateral reform
Indonesian Foreign Minister Sugiono asked the Organization of Islamic Cooperation (OIC) to adopt a firmer and more assertive stance in defending international law and revitalizing multilateralism during the 51st OIC Council of Foreign Ministers in Istanbul on Saturday, June 21, 2025.
President Prabowo calls for strategic collaboration at SPIEF 2025
President Prabowo Subianto emphasized the importance of strategic collaboration and reaffirmed Indonesia’s commitment to an independent and active foreign policy during his address at the plenary session of the St. Petersburg International Economic Forum (SPIEF) 2025 on Friday, June 20, 2025.
Indonesia-Russia strategic MoU exchange, a new phase in partnership
Indonesia and Russia sealed a number of agreements in a ceremony held at the Konstantinovsky Palace, St. Petersburg, on Thursday, June 19, 2025, opening a new chapter in bilateral partnership, spanning across education, transport, digital development, and strategic investment.
Prabowo arrives in St. Petersburg for talks with Putin, attending SPIEF 2025
President Prabowo Subianto arrived in St. Petersburg, Russia, on Wednesday evening, June 18, 2025, for a visit at the invitation of Russian President Vladimir Putin, which is part of the efforts to bolster strategic partnership between Indonesia and Russia and his participation in the 2025 St. Petersburg International Economic Forum (SPIEF).
Indonesia, Russia reinforce ties ahead of Prabowo’s Russian visit
Indonesia and Russia have reaffirmed their commitment to deepen bilateral ties across political, economic, and strategic fronts, as Foreign Minister Sugiono met with Russian Foreign Minister Sergey Lavrov in Moscow on Monday, June 16, 2025 ahead of President Prabowo Subianto’s upcoming state visit to Russia.
Indonesia calls for restraint, seeks de-escalation in Iran-Israel conflict
Indonesia expresses deep concern over the escalating conflict between Iran and Israel, urging all parties to exercise restraint to avoid further deterioration of regional stability.
EU Desk launched to strengthen investment collaboration with European Union
In a move to enhance economic cooperation and attract more investment from the European Union (EU), the Ministry of Investment and Downstream Industry/Investment Coordinaing Board (BKPM) has launched the EU Desk following the signing of a Cooperation Statement with the Delegation of the European Union to Indonesia.
Airlangga highlights RI’s proactive role in int’l negotiations during USTR meet
Coordinating Minister for the Economy, Airlangga Hartarto, met with United States Trade Representative (USTR) Jamieson Greer on the sidelines of the first day of the OECD Ministerial Council Meeting (MCM) in Paris, France on Tuesday, June 3, 2025, marking a strengthened Indonesia-U.S. dialog, particularly on trade and investment.
Geopolitics and Diplomacy
Explore the global forces shaking the world and their ripple effects on Indonesia’s destiny.
Govt begins phased citizens evacuation from Iran amid escalating tensions
The government has begun the phased evacuation of its citizens from Iran, amid growing regional instability.
Government poised to appoint new ambassador to U.S. after two-year vacancy
The government is set to fill one of its most critical diplomatic posts, nearly two years after the ambassadorial seat in Washington, D.C. was left vacant.
PIS monitors geopolitical risks, eyes maritime revitalization with PT PAL
The shipping arm of state-owned oil and gas giant, Pertamina International Shipping (PIS), is closely monitoring developments in critical maritime routes while preparing contingency strategies to ensure continued energy security.
Pertamina reroutes oil tankers amid escalating Iran-Israel conflict
State energy company PT Pertamina has rerouted its crude oil shipments from the Middle East to Indonesia as tensions between Iran and Israel escalate, raising the prospect of a full closure of the strategic Strait of Hormuz.
U.S.-Iran conflict threatens Indonesia’s economy, Expert warns
Rising tensions between the United States and Iran pose a serious threat to Indonesia’s economic stability, said Syafruddin Karimi, an economist at Padang-based Andalas University.
Indonesia calls for OIC to be firmer on Palestine, multilateral reform
Indonesian Foreign Minister Sugiono asked the Organization of Islamic Cooperation (OIC) to adopt a firmer and more assertive stance in defending international law and revitalizing multilateralism during the 51st OIC Council of Foreign Ministers in Istanbul on Saturday, June 21, 2025.
President Prabowo calls for strategic collaboration at SPIEF 2025
President Prabowo Subianto emphasized the importance of strategic collaboration and reaffirmed Indonesia’s commitment to an independent and active foreign policy during his address at the plenary session of the St. Petersburg International Economic Forum (SPIEF) 2025 on Friday, June 20, 2025.
Indonesia-Russia strategic MoU exchange, a new phase in partnership
Indonesia and Russia sealed a number of agreements in a ceremony held at the Konstantinovsky Palace, St. Petersburg, on Thursday, June 19, 2025, opening a new chapter in bilateral partnership, spanning across education, transport, digital development, and strategic investment.
National Resilience
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.
CEOs and Leaders
A glimpse into the minds of visionary leaders driving corporate giants and redefining success.
Voices and Media
Immersive storytelling and conversations that bring the most critical topics to life through multimedia experiences.
Cyber and Espionage
Step into the shadowy world of cyber threats, espionage, and national security in the digital age.
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KPK distances itself from individual named in online gambling trial
The Corruption Eradication Commission (KPK) has distanced itself from Raihan, a man who testified in a high-profile trial on the alleged protection of illegal online gambling sites by the then Ministry of Communication and Informatics (Kominfo, now Komdigi) in 2023.
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Cikarang Data Center highlights deepening France-Indonesia digital partnership
French Minister of Foreign Trade Laurent Saint-Martin met with Indonesian Minister of Communication and Digital Application Meutya Hafid on Wednesday, April 9, 2025, , discussing progress update of the National Data Center (PDN-1).
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Indonesia-China strengthen digital ties, eye AI innovation hub in ASEAN
The Ministry of Communication and Digital Application (Komdigi) is reviewing cooperation in building a joint Artificial Intelligence (AI) center in ASEAN along with China, considered to be the largest in terms of cooperation in developing digital infrastructure.
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Indonesia participates in AIAS summit 2025 in France
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.
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Indonesian banks on alert as hacker bjorka reappears with fresh ransomware attacks
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.
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Indonesia-India strengthens cooperation on AI, IoT, digital infrastructure development
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.
Financial Crimes
A chilling look into the underworld of corruption, illicit wealth, and shadow economies.
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Ex-Education Minister Nadiem breaks silence after 12-hour AGO grilling
Former Education Minister Nadiem Anwar Makarim gave a brief statement to the press late Monday evening, June 23, 2025 after undergoing a 12-hour examination at the Attorney General’s Office (AGO) as a witness in the ongoing investigation into alleged corruption in the Rp9.9 trillion (US$618 million) Chromebook procurement project.
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KPK distances itself from individual named in online gambling trial
The Corruption Eradication Commission (KPK) has distanced itself from Raihan, a man who testified in a high-profile trial on the alleged protection of illegal online gambling sites by the then Ministry of Communication and Informatics (Kominfo, now Komdigi) in 2023.
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Wilmar Group clarifies Rp11.8 T payment amid CPO Export graft case appeal
Agribusiness giant Wilmar Group clarifies that the fund transfer following the seizure of Rp11.8 trillion (US$720 million) by the Attorney General’s Office (AGO) in connection with the CPO export corruption case was not an admission of guilt, but a guarantee deposit requested by prosecutors as the appeal process is underway.
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Former Supreme Court official Zarof Ricar sentenced to 16 years for graft, bribery
The Jakarta Corruption Court has sentenced Zarof Ricar, a former senior official at the Supreme Court, to 16 years in prison for his involvement in a major corruption case, including bribery and accepting illicit gratuities during his tenure.
Society, Environment & Culture
Unravel the intricate threads of justice, societal transformation, and cultural narratives shaping Indonesian society.
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Indonesia urged to enforce ambient air quality standards amid worsening pollution
The Center for Research on Energy and Clean Air (CREA) has called on the government to implement National Ambient Air Quality Standards, citing alarming air pollution levels across the country, particularly in Greater Jakarta area, where PM2.5 concentrations last year ranged between 30–55 μg/m³ − six to eleven times higher than the WHO’s safe limit of 5 μg/m³.
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Gas power expansion in RI’s RUPTL could cost the State US$60 billion: IEEFA
Indonesia’s plan to expand gas-fired power plants in its 2025–2034 Electricity Supply Business Plan (RUPTL) could burden the state with up to US$60 billion in fiscal costs, according to a new analysis from the Institute for Energy Economics and Financial Analysis (IEEFA).
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Government repatriates deceased Indonesian from Cambodia
The Ministry of Foreign Affairs and the Indonesian Embassy in Phnom Penh have facilitated the repatriation of the body of an Indonesian migrant worker, identified as MF, who worked in the online gambling sector in Cambodia.
Energy and Resources
Escape into the world of indulgence, from serene getaways to the cultural riches that refresh the soul.
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Mining companies to be impacted by weakening rupiah: Ministry
An expert staff to the Minister of Energy and Mineral Reources (ESDM) has hinted that a number of mining companies will be hit by the weakening Rupiah, while others may enjoy the benefit of the drop of the Indonesian currency.
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Labour Party explains reasons for rejecting Job Creation Law
Labour Party President Said Iqbal explained the rejection of the Omnibus Law on Job Creations was based on several reasons. First, the Job Creation Law reinstates the concept of cheap wages, which will certainly affect laborers' welfare. The second is the Job Creation Law opens opportunities for lifetime outsourcing and removes restrictions on the type of jobs that can be outsourced. Consequently, based on the Job Creation Law, companies are allowed to outsource all types of jobs, including essential and core jobs of the company.
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Risk of greenwashing increases as environmentally-conscious projects flourish
The practice of greenwashing poses a threat amidst the trend of green or environmentally-conscious financing. Many asset management companies and banks enhance their image as providers of green financing in order to attract new customers.
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BritCham survey reveals high confidence on Indonesia’s investment landscape
The International Business Confidence Index (BCI) 2024 survey, conducted by the British Chamber of Commerce in Indonesia (BritCham), has highlighted Indonesia's positive trajectory as an investment destination.
