Policy and Governance
A glimpse into the minds of visionary leaders driving corporate giants and redefining success.
President Prabowo tells ministers to stick to the set budget
President Prabowo Subianto asks his Cabinet ministers to stick to the budget allocated by the government and should not ask for additional budgets to Finance Minister Sri Mulyani Indrawati.
Ministry holds Expose of 2024 Strategic Investment Downstreaming Study
The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) held an Expose of the 2024 Strategic Investment Downstreaming Study in Jakarta, on Monday, December 23, 2024 attended by 150 participants from relevant ministries and institutions, business associations and actors, academics, as well as heads of Investment and One-Stop Integrated Services (DPMPTSP) and heads of Regional Development Planning Agencies (Bappeda).
Govt to set up MSME holding to strengthen supply chain, integrate with large industries
Maman Abdurahhman, Minister of Micro, Small, and Medium Enterprises (MSMEs) has revealed that the government is currently planning to form an MSME holding to create a domestic MSME supply chain.
Bappenas identifies widespread financial leaks across sectors and levels
Minister of National Development Planning/Head of National Development Planning Board (Bappenas), Rachmat Pambudy, has revealed alarming levels of financial leakage in Indonesia, spanning all layers and sectors of governance.
State Budget deficit as of November 2024 reaches Rp401.8 trillion
Minister of Finance Sri Mulyani Indrawati reveals that the realization of the State Budget (APBN) deficit until November 2024 has reached Rp401.8 trillion (US$25.2 billion), or equivalent to 1.81 percent of Gross Domestic Product (GDP) and is still below the limit set in the law of Rp522.8 trillion (US$32,7 billion).
Bayu Satya: From no one to global entrepreneur
Bayu Satya, a name now known as one of the leadingIndonesian entrepreneurs in the field of oil spill mitigation, started his life from scratch. Born on March 23, 1951 in Palembang, South Sumatra, Bayu grew up in a slum area.
President Prabowo mulls over establishing a Ministry of State Revenue
Special Presidential Envoy, who is also a younger brother of President Prabowo Subianto, Hashim Djojohadikusumo, has revealed that the president is mulling over to establish a Ministry of State Revenue as part of an effort to improve the state revenue system.
Domestic airfares drop by 10 percent on Christmas, New Year holidays: Govt
President Prabowo Subianto has ordered for a 10-percent decrease in domestic airfares during the 2024 Christmas and 2025 New Year holidays as part of the efforts to ease the burden on local travelers.
Legal umbrella for BPI Danantara to be completed soon
The establishment of the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) has entered the final stage with the draft Government Regulations (PP) and Presidential Regulations (Perpres)of the State-owned Enterprise (SOE) Superholding was submitted by Head of BPI Danantara Muliaman Hadad and Deputy Head Kaharuddin Djenod to Minister of State Secretary Prasetyo Hadi on Friday, November 29, 2024.
Prabowo’s overseas tour and what it means for Indonesia’s foreign policy
President Prabowo Subianto’s recent overseas tour to six countries − China, the United States, Peru, Brazil, the United Kingdom, and the UAE − highlights Indonesia’s active engagement in global diplomacy and its strategic positioning in international relations. The visits, held from November 8 until November 24, 2024, underscored Indonesia's priorities of strengthening economic ties, fostering political partnerships, and advancing multilateral cooperation.
Hasto highlights dark side of 2024 Pilkada, citing power struggles, irregularities
Hasto Kristiyanto, Secretary General of the Indonesian Democratic Party of Struggle (PDI-P) highlighted the negative side of the 2024 Simultaneous Regional Elections (Pilkada) to democracy, driven by the never-ending ambition for power.
Government postpones 12-percent VAT increase: Luhut Binsar Pandjaitan
Chairman of the National Economic Council, Luhut Binsar Pandjaitan, says the government has decided to postpone the planned increase of the Value Added Tax (VAT) rate to 12 percent, which was originally scheduled to take effect in January 2025.