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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.
Indonesia told to improve business environment to achieve high-income status
Indonesia must enhance its business environment to accelerate economic growth and escape the middle-income trap, according to Norman Loaiza, Director of the Global Indicators Group at the World Bank Group. Speaking at the launch of the Business Ready (Be Ready) Report, Loaiza highlighted key areas where Indonesia needs improvement to attract investments and foster a dynamic private sector.
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.
Investment ministry blames cancelation of trillions rupiah investment on thugger
The Ministry of Investment and Downstream/the Investment Coordinating Board (BKPM) has spoken up over the cancelation of hundreds of trillion rupiah investment due to thuggery carried out by mass organizations (Ormas).
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.
Just Energy Transition Partnership (JETP): A failed initiative or unfulfilled promise?
Hashim S. Djojohadikusumo, Indonesia’s Special Presidential Envoy for Climate and Energy, recently expressed strong reservations about the effectiveness of the Just Energy Transition Partnership (JETP), calling it a "failed program." At the CNBC Indonesia ESG Sustainability Forum 2025, Hashim remarked, “It has been running for two years, yet not a single dollar has been disbursed by the U.S. government. It turned out to be just empty talk.”
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.