Friday, January 24, 2025

INSIDER

Corporate, competitive and government-relation intelligence and interview
Inner Circle
The Corruption Eradication Commission (KPK) has arrested Paulus Tannos, a key player in the e-KTP mega project corruption case that had ensnared Setya Novanto, former Speaker of the House of Representatives (DPR). […]
The Ministry of Energy and Mineral Resources (ESDM) is in need of US$1.1 trillion (Rp16,260 trillion) in investment to realize the national electricity general plan (RUKN) to establish a majority of new and renewable energy (EBT)-generated power plants by 2060. […]
Minister of State Secretary (Mensesneg), Prasetyo Hadi, has hinted at the government’s decision to save the 2025 state budget (APBN) for the sake of increasing funding for the free nutritious meals program (MBG). […]
The government is determined to accelerate the target of building nuclear power plants (PLTN) in 2029-2032, a commitment stipulated in the draft of National Electricity General Plan (RUKN) 2025-2060. […]
The government has projected that the power generation capacity in 2060 will reach 443 gigawatts (GW), some 79 percent of which will come from new renewable energy (EBT). […]
A lawyer for PT Agung Sedayu Group, a parent company of PT Pantai Indah Kapuk Dua (PIK 2), has defended the legality of the national strategic project (PSN) PIK 2 and clarified its involvement in the erection of the 30-kilometer sea fence off Tangerang waters, Banten province. […]
PT Pupuk Kaltim, a subsidiary of State-owned fertilizer holding company PT Pupuk Indonesia, has begun the construction of the first soda ash factory in Indonesia aimed at reducing the country’s dependence on imports. […]
The Transition Team of the Elected Governor and Deputy Governor of Jakarta, Pramono Anung and Rano Karno, has been discussing the possibility of making Blok M area in South Jakarta the capital of ASEAN and imposing a policy of 4-day working in a week in the metropolitan city. […]
Minister of Trade, Budi Susanto, has revealed that the government is working on bilateral cooperation options with the United States of America to facilitate the flow of Indonesian goods to the American market. […]
President Prabowo Subianto has made State Budget (APBN) savings of Rp20 trillion (US$1.2 billion) by cutting travel expenses for ministers and officials in the Red and White Cabinet, which could be allocated for the construction of several public infrastructures, and others. […]
The Indonesia Stock Exchange (IDX) has announced that it removed shares of PT Aspirasi Hidup Indonesia (ACES) and PT Pertamina Geothermal Energy (PGEO) from the IDX30 index and brought shares of PT XL Axiata (EXCL) and PT Indosat (ISAT) into the index as  replacement. […]
Audax Financial Technology (“audax”), a digital banking technology solutions provider backed by Standard Chartered, has been appointed by Maybank Islamic Bhd, the Islamic banking arm of the Maybank Group, as partner to spearhead the digital transformation of its banking services. […]
Mining Advoicacy Network (Jatam) has strongly condemned the draft revision of the 2009 Mining Law and demanded the government and House of Representatives (DPR) to stop the entire deliberation of law draft revision. […]
Indonesia Democratic Party of Struggle (PDI-P) leader Puan Maharani has given a clue on the potential meeting between President Prabowo Subianto, who is also General Chairman of Gerindra Party, and PDI-P Chairwomen Megawati Soekarnoputri, on the special day for the country’s fifth president. […]
The Indonesian Coordinating Ministry for the Economy and ExxonMobil signed a Memorandum of Understanding (MoU) on Wednesday, January 22, 2025 to explore investment potential for the development of an advanced petrochemical complex in Indonesia. […]
Indonesian Navy personnel, along with officials of the Ministry of Maritime Affairs and Fisheries (KKP) and related agencies, continued to dismantle the illegal 30-kilometer sea fence off Tangerang waters, Banten province on Wednesday, January 22, 2025. […]
The government has taken firm actions against the controversial 30-kilometer sea fence off Tangerang waters, Banten province, sealing it before eventually dismantling the makeshift structure upon the orders of President Prabowo Subianto following heightened controversy in public. […]
The Center of Economic and Law Studies (CELIOS) sheds light on the funding sources for the free nutritious meal (MBG) program, which continues to be in the spotlight due to the potential for redirecting additional funds from other location posts. […]
Coordinating Minister for the Economy, Airlangga Hartarto, has revealed the government’s decision to revise the regulation regarding Foreign Exchange from Natural Resource Exports (DHE SDA) as part of the instrument to overcome the weakening rupiah exchange rate. […]
President Prabowo Subianto has set the development of the (IKN for the next five years, approving a total budget of Rp48.8 trillion (US$ 3 billion). The majority of the budget is used for the construction of parliamentary buildings and judicial institutions along with supporting infrastructure. […]
Indonesia officially opened its carbon exchange to international buyers on Monday, January 20, 2025, a move expected to raise funds to help meet the country’s ambitious domestic climate targets. […]
State power utility PT PLN is studying the implementation of carbon capture and storage (CCS) technology for steam-fired power plants (PLTU) to maintain the reliability of the national electricity system although the cost of its implementation is relatively high at US$40 per ton. […]
The implementation of Carbon Capture and Storage (CCS) and Carbon Capture, Utilization, and Storage (CCUS) technologies is relevant to support energy transition in Indonesia although the cost of this technology is relatively high, especially for power plants, said a top PLN engineering unit head. […]
Tito Karnavian, Minister of Home Affairs (Mendagri) says that regional administrations (Pemda) are expected to help the Free Nutritious Meals (MBG) program by donating around Rp5 trillion (US$305.7 million) for the construction of Nutrition Fulfillment Service Units (SPPG). […]
A number of Indonesian startups again stole international attention by achieving great success − bringing home nine awards − at the ASEAN Digital Awards 2025, held in Bangkok, Thailand. […]
The Development Study Forum (FKP) in Papua, in cooperation with the Australian National University (ANU) Indonesia Project and supported by KONEKSI (Australia-Indonesia collaborative initiative in knowledge and innovation sector), recently organized a discussion on the prospects for national energy transition. […]
Belladona Troxylon Maulianda, a senior researcher from ICCSC says that the implementation of CCS in Indonesia can increase economic growth and absorb up to 170 thousand workers per year. […]
The Prabowo Subianto-Gibran Rakabuming Raka administration has maintained its commitment to continue the development of the Nusantara Capital City (IKN) although the portion of the State Budget (APBN) will be reduced in line with the State’s financial condition. […]
Directorate General of Oil and Gas at the Ministry of Energy and Mineral Resources (ESDM) has been actively promoting Carbon Capture and Storage (CCS) technology as key to tackle carbon emissions from the industrial sectors. With 15 of major projects included. […]
State power utility PT PLN has been working on a combination of renewable energy expansion, advanced carbon capture technologies, and modernized energy infrastructure to ensure sustainable and reliable electricity supply for the nation in support of the country’s Net Zero Emissions (NZE) target by 2060. […]