Politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Mining consortium to invest in new capital Nusantara
Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia and Investment Minister Rosan Roeslani, accompanied by a group of prominent business leaders, met with President Joko “Jokowi” Widodo at the Presidential Palace in Jakarta on Wednesday, October 9, 2024 discussing investments in the new capital, Nusantara, in East Kalimantan.
President Jokowi to inaugurate Nusantara State Palace, other facilities at IKN
President Joko “Jokowi” Widodo is set to inaugurate the new State Palace at Indonesia’s future capital, Nusantara, in East Kalimantan, tommorow, October 11, 2024.
Kadin leadership conflict: Arsjad accuses Anindya of breaching agreement
The leadership conflict within the Indonesian Chamber of Commerce and Industry (Kadin) has escalated as the Arsjad Rasjid faction accuses Anindya Bakrie of violating a previously agreed resolution.
Sri Mulyani: The era of high interest rates is not over yet
Indonesian Minister of Finance, Sri Mulyani Indrawati, has underlined that the period of high central bank interest rates is not entirely gone eventhough the Federal Reserve cuts its Fund Rate by 50 basis points in September 2024.
Jokowi confident Indonesia to become a new economic force in the world
President Joko “Jokowi” Widodo has expressed his confidence that Indonesia Indonesia will emerge as one of the world’s new economic powers.
Economists: Prabowo should reduce dependence on foreign investment, tackle de-Industrialization
President-elect Prabowo Subianto has to strengthen domestic investment in order to reduce Indonesia's dependence on foreign capital investment and at the same tackle the problem of de-industrialization, economists have suggested.
Analyst: Power wheeling will increase Indonesia’s investment climate
Government’s plan to apply power wheeling or joint use of power network in the new and renewable energy bill has the potential to attract investors to invest in Indonesia as can be seen in the increased number of global companies committed to use 100 percent of renewable energy, an analyst says.
IMA: Indonesia books a surplus in copper production amidst global deficit
Indonesia is having a surplus in copper production with the existing copper smelters capable of producing 1.3 million tons of copper cathode a year, far above the local market need of 250,000 tons that Indonesia needs to take advantage of global copper commodity deficit in the next couple of years at the time when the need for green technology of copper as raw materials increases.
PT Master Print debuts on IDX, plans strategic expansion
PT Master Print (PTMR), a subsidiary of food packaging producer PT Mitra Pack (PTMP), officially went public on the Indonesia Stock Exchange (IDX) on Tuesday, October 8, 2024, becoming the 35th company listed this year.
Bahlil dismisses forced labor allegations in nickel industry
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has strongly refuted the allegations of forced labor in the country's nickel industry.
KPK names South Kalimantan Governor Sahbirin Noor as corruption suspect
The Corruption Eradication Commission (KPK) has formally named South Kalimantan Governor Sahbirin Noor as a suspect in a corruption case within the provincial government after it had found sufficient preliminary evidence to charge Sahbirin with bribery.
Antam acquires 30 percent stake at JLMI, boosting nickel downstream projects
State-owned diversified miner PT Aneka Tambang (Antam), through its subsidiary PT Gag Nikel (PTGN), has finalized the acquisition of a 30 percent stake in PT Jiu Long Metal Industry (JLMI), a nickel smelting company focused on refining nickel.