Friday, February 3, 2023

INSIDER

Corporate, competitive and government-relation intelligence and interview
Freeport Indonesia will complete it’s smelter construction by December 2023 ,coordinating minister of economic affair says PT Freeport Indonesia will complete the construction of it’s copper smelter in Gresik , East Java based on schedule. Coordinating Minister for Economic Affair Airlangga Hartarto said that the progress of Freeport’s smelter construction has reached 51.7% and will be completed on time by December 2023. […]
Gold and copper giant PT Freeport Indonesia cannot complete its smelter construction in Gresik, East Java, by December 2023 even though the government may impose sanction if the company failed to do so. […]
The overflow of made-in-China and local counterfeit products in Indonesia has resulted in economic losses for local businesses and international brands. The K&K Advocates-Intellectual Property said that Indonesia suffered financial losses of IDR 291 trillion (US$ 19.41 billion) due to fake goods in 2020. It was a sharp increase from 2015 when the country suffered losses of IDR 65.1 trillion. […]
Instead of terminating the copper concentrate exports of PT Freeport Indonesia (PTFI) and PT Amman Mineral Nusa Tenggara (AMNT), the government can impose sanction on the two giant gold and copper producers. […]
Lippo Group mega project Meikarta in Cikarang, Bekasi regency, has been involved in legal battle with consumers due to the company’s failure in delivering the property on time and the latter’s alleged defamation. The modern city project has been stalled because of corruption cases involving high-ranked officials at the developer and Bekasi regency. […]
Opposition leader says that President Jokowi’s son political ambition is a form of political dinasty that is inappropriate for Indonesia democracy.Chairman of Solo ‘s chapter of Prosperous Justice Party (PKS) Daryono said that President Joko Widodo’s sons Gibran Rakabuming Raka and Kaesang Pengarep plans to run for executive position in 2024 simultaneous regional election is inappropriate despite the […]
President Joko “Jokowi” Widodo acknowledged 12 serious human rights violations that took place in the past and expressed his regret over the tragedies, according to a report submitted to him by the Team for the Non-Judicial Settlement of Past Serious Human Rights Violations in the Presidential Palace on January 11, 2023. […]
The government’s plan to fully ban the exports of copper concentrates has worried the Indonesian Mining Association (IMA) over the fate of around 40,000 workers in the industry. The IMA raised concern over the government’s unlikeliness to complete the downstream industry before the planned deadline of June 2023. […]
The Indonesian Military (TNI) has begun a campaign to increase the number of reservists in the force. The TNI recognizes the importance of a strong and well-trained reserve force in ensuring national security and defense, especially in light of current threats to the country such as terrorism and territorial disputes. […]
The House of Representatives (DPR) received harsh criticism for its proposal to include power wheeling in the problem inventory list (DIM) during the deliberation of the renewable energy bill. Activists and experts have seen the power wheeling policy as a form of liberalization of Indonesia’s power sector that only benefit private sector. […]
The riot in PT Gunbuster Nickel Industri (GNI) on January 14, 2023, between domestic and Chinese workers has signaled an underlying structural problem in the unfair treatment of labors in the industry. Sociologist even called it a ‘time bomb’ due to government’s leniency to Chinese workers. […]
A civil society group has accused gold and copper company PT Amman Mineral Nusa Tenggara (AMNT) for violating Law No. 4/2019 on Coal and Mineral and regulations on Corporate Social Responsibility (CSR) and manpower issues. […]
The state should be present to mediate the workers and foreign investors in cases that could trigger violent acts such as the Morowali riot, which claimed two lives, and prevent the incident from recurring in the future. The root of the problems lies on inequality in working condition, job security, decent salary and social security between local and Chinese workers. […]
The government has prioritized the development of Indonesia’s special economic zones (SEZs) in order to attract over US$ 50 billion in foreign investments over the next decade. Currently, there are 19 SEZs in Indonesia, spreading in its main islands. A total of 12 SEZs are currently operational and the remaining 7 are under construction. […]
Gerindra Party presidential candidate Prabowo Subianto is luring East Java Governor Khofifah Indar Parawansa to team up with him for the 2024 General Elections, a source within the party said. Prabowo desperately needs a vice presidential candidate who can help him win supports from the Nahdlatul Ulama (NU), the largest Muslim organization in Indonesia. NU has a total of 95 […]
Despite the Ministry of Industry’s projected growth of 5.36% in the manufacturing, two industries will not survive in 2023: Textile and garment as well as furniture and craft. […]
The mining industry in Indonesia has been facing several challenges in recent years, including a fluctuating commodity market, environmental concerns and the uncertainty of regulations, which could be inconsistent. However, two mining commodities will still shine in 2023: Coal and gold. […]
Amidst the fear of global economy recession threat in 2023, Indonesia will survive despite having to address two major issues: energy prices and fertilizer prices. […]
In this digital era, the volume of financial management instruments is increasing in Indonesia. Banking and/or non-banking institutions have issued various innovations to help the public manage their finances more efficiently. The presence of an e-wallet is a proof of its implementation. […]
The insurance industry in Indonesia has been growing in recent years, due to the increasing awareness among the people on the importance of insurance. The government has also raised its efforts to increase insurance penetration in the country. This story reveals the top 10 insurance companies in Indonesia […]
Chairwoman of Indonesia Democratic Party of Struggle Megawati Soekarnoputri reiterated his political party position on the discourse about the third period of President Joko Widodo. In her speech at the 50th anniversary of the political party in Jakarta , Megawati said that the tenure of the president in Indonesia is maximum 2 years. […]
Since the pandemic era, the transaction behavior of the society has been shifting towards online instead of offline along with restrictions on social mobility. Not only that, it also hosted massive adoption of crypto assets, including derivations in the form of DeFi and Metaverse which triggered a known phenomena i.e cryptoization. […]
Presidential candidate Anies Baswedan has been facing a hard time to pick his running mate. The political parties that support his candidacy have not agreed on his vice presidential candidate in the 2024 election. […]
NGOs in Indonesia have served as a significant factor in advancing public or social welfare goals. There are countless NGOs in Indonesia, both international and national/local. […]
The year 2024 will mark the political change in Indonesia. Voters will elect a pair of new president and vice president as the Constitution stipulates that the presidential term only lasts for two periods. Several polling institutes have conducted their surveys on the favorite candidates. […]
The South China Sea conflict and the military competition in the regions has forced Indonesia to modernize its defense industry. To anticipate the heightened conflict, Indonesia has purchased new jet fighters and submarines. […]
The Elections Supervisory Agency (Bawaslu) has begun to map the election vulnerability index in four variables for the 2024 general elections. The mapping priorities were in the social and political context, election administration, contestation and participation. […]
In the midst of the COVID-19 pandemic in Indonesia, the Investment Coordinating Board (BKPM) has continued to offer investment opportunities in accordance with President Joko “Jokowi” Widodo’s instruction. […]
The labor unions have planned to stage a massive protest against the newly signed government regulation in lieu of job creation law (Perppu). Whereas the Indonesian Employers Association (Apindo) claimed the Perppu was a form of inconsistency in government policies that confused investors. […]
Investment is one of the key drives of a country’s economic growth and Indonesia is no exception. Despite the COVID-19 pandemic, Indonesia has surprisingly raised the value of its Foreign Direct Investment (FDI) from 2020 until 2022. It was all due to the large young population and growing middle class, sustainable economic growth, political stability, as well as its natural resources. […]