Policy and Governance
A glimpse into the minds of visionary leaders driving corporate giants and redefining success.
Finance ministry affirms ban on copper concentrate exports starting 2025
The Ministry of Finance has confirmed that it will not relax the policy that bans exports of copper concentrate this year.
Upstream oil & gas sector welcomes newly established CCS regulation
The upstream oil and gas sector players, grouped under the Indonesian Petroleum Association (IPA), has positively responded to the new Minister of Energy and Mineral Resources (ESDM) Regulation (Permen) No. 16/2024 on the Implementation of Carbon Storage Activities issued on December 24, 2024.
2024 State Budget deficit reaches Rp507.8 trillion, 2.29 percent of GDP: Sri Mulyani
Minister of Finance, Sri Mulyani Indrawati, reveals that the 2024 State Budget (APBN) recorded a deficit of Rp507.8 trillion (US$31.3 billion), equivalent to 2.29 percent of Gross Domestic Product (GDP), but still better than the projected deficit for the first semester of 2024 at2.7 percent of GDP.
Constitutional Court revokes 20 percent presidential nomination threshold
The Constitutional Court (MK) ruled on Thursday, January 2, 2025 that the 20 percent presidential nomination threshold requirement stipulated in Article 222 of Law No. 7/2017 on the General Elections is unconstitutional.
Indonesia's 2024 budget deficit lower than latest estimates
Indonesia's budget deficit for the 2024 fiscal year was lower than the government's latest estimate of 2.7 percent of Gross Domestic Product (GDP), a top government official said.
Ombudsman cites maladministration in ESDM ministry's approval of mining budget
The Indonesian Ombudsman recently published a report on allegations of maladministration surrounding the Ministry of Energy and Mineral Resources’ (ESDM) Approval on the Working Plan and Budget (RKAB) for minerals and coal in 2021-2024.
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.