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Indonesia's corruption perception index improves, but concerns over political corruption persist says ICW
Transparency International Indonesia (TII) released Indonesia's 2024 Corruption Perception Index (CPI) on Tuesday, February 11, 2025. Indonesia's CPI was recorded to have increased by three points to 37 after stagnating for two years at 34.
Indofarma responds to bankruptcy of subsidiary, assuring stability of operations
State-owned pharmaceutical company PT Indofarma has responded to its subsidiary PT Indofarma Global Mendika which was declared in default or bankrupt by the court, assuring stability of operations in the parent company and other subsidiaries.
President to launch Danantara on Feb. 24, set to manage US$900B in assets
President Prabowo Subianto has announced that he will launch on Monday, February 24, 2025, the Daya Anagata Nusantara Investment Agency (Danantara), a sovereign wealth fund agency that will manage US$900 billion (Rp14,616 trillion) in assets under management (AUM).
RI holds back green electricity exports to S’pore, demands reciprocity for energy deal
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, says that he is still holding back the green electricity export permit to Singapore as the neigboring country has yet to provide any in return to Indonesia.
PLN secures €6.5M grant from EU, AFD to accelerate clean energy transition
State energy utility company PT PLN has received a grant of €6.5 million (Rp110 billion) from the European Union (EU) and the Agence Française de Développement (AFD) in assistance to Indonesia’s energy transition agenda.
Budget efficiency policy opens doors for infrastructure investment: Arsjad
The Indonesian Chamber of Commerce and Industry (Kadin) has assessed that the budget efficiency policy set by President Prabowo Subianto could open up investment opportunities for the private sector as it provides a bigger role to the private sector in infrastructure development.
Indofarma Global Medika declared bankrupt amid ongoing graft investigation
PT Indofarma Global Medika, a subsidiary of State-owned pharmaceutical company PT Indofarma (INAF), was declared bankrupt by the Supreme Court through its ruling on Monday, February 10, 2025.
Trade ministry supports extension of copper concentrate export relaxation for PTFI
The Ministry of Trade supports the plan to extend the relaxation of copper concentrate exports for PT Freeport Indonesia (PTFI) until December 2025.
AGO clarifies search at ESDM ministry’s oil&gas directorate general
The Attorney General's Office (AGO) has clarified on the search conducted at three rooms of the Office of the Directorate General of Oil & Gas at the Ministry of Energy and Mineral Resources (ESDM) located on Jalan Rasuna Said in Central Jakarta on Monday, February 10, 2025.
Challenges in housing program: Certification issues affect 3 million homes, BTN takes action to resolve
The Ministry of Housing and Settlement Areas (PKP) said the 3 million housing program is currently facing challenges related to home ownership certification.
OIKN denies rumors of halted IKN construction, reaffirms development progress
The Nusantara Capital City Authority (OIKN) denied reports that the construction of the new capital city had stopped and workers would be sent back to their home regions due to budget efficiency.
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.