politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Low Tuck Kwong acquires palm oil plantation, transfers shares to daughter
Indonesian billionaire Low Tuck Kwong, through PT Bayan Resources and its subsidiary PT Bayan Energy, has acquired 100 percent shares of PT Enggang Alam Sawita, a palm oil plantation company in Kalimantan, for Rp105.15 billion (US$6.8 million).
LDII considers managing coal mining permits offered by the government
Chairman of the Islamic Da'wah Indonesia Institution (LDII), Chriswanto Santoso, has suggested that the organization is carefully evaluating the government's offer of coal mining permits (IUP) to religious organizations.
Prabowo to reestablish Housing Ministry, aiming for 2 million rural homes in first year
President-elect Prabowo Subianto has announced plans to revive the Ministry of Housing, a move that would separate it from the current Ministry of Public Works and Housing (PUPR), signaling a strong commitment to addressing housing needs in Indonesia.
Trinasolar-Vanda RE strike deal for RI-Singapore renewable electricity export
Vanda RE Pte Ltd, a joint venture company majority-owned by Singapore energy company Gurīn Energy Pte Ltd, on Wednesday, September 4, 2024, signed a framework supply agreement with Trinasolar, a global leader in smart photovoltaic (PV) and energy storage solutions, a step forward towards progressing Vanda RE’s renewable energy export project in Indonesia.
KPK chief doubts Prabowo's anti-corruption campaign due to budget constraints
Chairman of the Corruption Eradication Commission (KPK), Nawawi Pomolango, expressed skepticism about President-elect Prabowo Subianto's ability to execute his ambitious anti-corruption agenda, citing significant budgetary constraints that could hinder these efforts.
Foreign investment begins flowing into Indonesia's new capital
The Indonesian government has confirmed that foreign investment will start flowing into the new capital city, Nusantara (IKN), this month.
House calls for comprehensive action on Indofarma’s crisis
The House of Representatives (DPR) has expressed deep concern over the ongoing crisis faced by state-owned pharmaceutical company PT Indofarma (INAF) that requires urgent attention.
Rosan: Indonesia’s investment in African countries reaches US$2.09 bilion
Minister of Investment /Head of the Investment Coordinating Board (BKPM), Rosan P. Roeslani, said bilateral Indonesia-Africa investment continues to grow, with Indonesia’s total investment in African countries for the period of 2019 until the second quarter of 2024 was recorded at US$2.09 bilion, while total investment of African countries in Indonesia at US$ 1.73 billion.
WEGE sees 31 percent increase in new contract revenue by July 2024
A subsidiary of state-owned construction company PT Wijaya Karya, PT Wijaya Karya Bangunan Gedung (WEGE), reported a significant increase in new contract revenue by July 2024, reaching a total of Rp1.21 trillion (US$77.9 million).
Luhut discusses global economy, business with world’s biggest hedge fund founder
Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan met with Ray Dalio, a philanthropist and founder of the biggest hedge fund in the world, in Bali on Sunday, September 1, 2024.
PLN inaugurates newly constructed Ground-mounted Solar Power Plant in W. Java
A consortium of State electricity company PT PLN, represented by its subsidiary PT PLN Batam, and solar power generation technology provider PT Aruna Cahaya Pratama, inaugurated on Thursday, August 29, 2024 the Ground-mounted 100 Megawatt peak (MWp) of solar power plant (PLTS) in Purwakarta, West Java
Pertamina launches integrated digitalized licensing
State-owned energy company PT Pertamina on Thursday, August 29, 2024, launched integrated digitalized licensing that is targeted to facilitate the decision-making process, strengthen existing businesses, and provide the opportunity to build new businesses.