Politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Indonesian workers are skeptical of three social aid schemes aimed at increasing subsidized fuel prices
The government plans to implement three social aid schemes worth US$1.62 billion (IDR 24.17 trillion) to boost people's purchasing power amid the risk of inflationary pressures as a result of an expected increase in subsidized fuel prices.
Russia's offers cheap oil to Indonesia sparks pro and contra issues
Tourism and Creative Economy Minister Sandiaga Salahuddin Uno said that Russia offered Indonesia 30 percent lower oil prices than the international market and that India had previously purchased the oil from Russia. Sandiaga said President Jokowi wanted to accept the offer but several ministers refused because purchasing Russian oil would result in a U.S. embargo.
Government's Plan to Increase Fuel Prices, Inflation threat still waiting
Maritime Affairs and Investment Coordinating Minister Luhut Binsar Pandjaitan, in a virtual public lecture at Hasanuddin University on Friday, said that next week President Jokowi would announce the decision on whether the government will increase the prices of subsidized fuel types of Pertalite and Solar. He said the option to increase the fuel price is needed because the fuel price in Indonesia is below its economic price due to the subsidy by the government. On the other hand, world oil prices have increased.
The distribution of targeted energy subsidy programs using the Integrated Social Welfare Data (DTKS)
Arifin Tasrif, Minister of Energy and Mineral Resources (ESDM) stated that he strongly supports the distribution of targeted energy subsidy programs through the Integrated Social Welfare Data (DTKS). He claims that DTKS can be used to buy fuel and distribute direct cash assistance (BLT).
Indonesia accelerates, boosts development of new capital in East Kalimantan
The Public Works and Public Housing (PUPR) Ministry is currently constructing the Sepaku ring road as the main access road to Nusantara, Indonesia's new capital, in East Kalimantan. The average physical progress has now reached 77%.
Kayan Hydro Energy, Japan's Sumitomo partner on 9,000MW plant in North Kalimantan
The Kayan hydropower plant developer, PT Kayan Hydro Energy (KHE), has secured a cooperation with Japanese Sumitomo Corp. to develop a 9,000MW (megaWatts) hydropower plant, the largest in Southeast Asia.
Indonesia to develop Membramo hydropower plant for smelter industry
President Joko "Jokowi" Widodo has ordered Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan to develop two biggest hydropower plants in Indonesia in Kayan River, North Kalimantan, and Membramo River, Papua, to help smelter industry in both areas. However, the project has yet to attract foreign investors.
Inalum Operating to go public in 2023
Following the splitting off from its holding company MIND ID (Mining Industry Indonesia), PT Indonesia Asahan Aluminium (Inalum) Operating will launch an initial public offering (IPO) in 2023. MIND ID will be a separate legal entity as a strategic holding company while Inalum Operating will resume its role as a full-service operations company.
Indonesia establishes largest sharia financial center in ASEAN despite lack of customers
Indonesia will have the largest Islamic Financial Center in ASEAN with the topping of the Syariah Tower in Pantai Indah Kapuk (PIK) 2 in North Jakarta on August 23, 2022. It is, somehow, contradicts to the fact that majority Muslims in Indonesia still use conventional banking, instead of sharia banking.
Public want potential transactions of US$ 3.2 billion from India to become reality
Trade Minister Zulkifri Hasan led an Indonesian trade mission to New Delhi, India, gathering 10 Indonesian businessmen, exporters, and related parties to plan a potential $3.2 billion deal.
Indonesia's downstream mineral industry ambitions still have a long way to go
Indonesian authorities are optimistic about developing the downstream mineral industry and prohibiting the export of raw minerals. The downstream sector, however, has a long way to go, according to some industrialists and market players.
Indonesia needs to stay vigilant against online radicalization although IS weakens in Mid-East
The government should remain vigilant against the potential threat to the state ideology, the nation's peace and harmony, despite the decline in online radicalization following the defeat of the Islamic State (IS) in the Middle East and worldwide.