politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Pertamina NRE sells 460,000 tons of Carbon in July 2024
Industry players' awareness of climate change issues has led to increased efforts to reduce emissions from corporate operational activities as reflected in increased sales of Pertamina New & Renewable Energy (Pertamina NRE) carbon credits.
ESDM ministry to auction Seram oil and gas exploration area
The Ministry of Energy and Mineral Resources (ESDM) has planned to auction one of the five oil and gas exploration areas in Indonesia located in Seram, Maluku.
Indonesia plans coal-to-gas power conversion, investment for energy transition
The Ministry of Energy and Mineral Resources (ESDM) has planned to supply electricity needs for processing and refining facilities (smelters) in Sulawesi by converting coal to gas.
IDX seeks clarification from WIKA on debt postponement petition
The Indonesia Stock Exchange (IDX) has requested explanation from State-owned construction firm PT Wijaya Karya (WIKA) over the Suspension of Debt Payment Obligations (PKPU) petition filed by four of its creditors in the Commercial Court of the Central Jakarta District Court.
ESDM minister: Indonesia will unlikely achieve its energy mix target
Indonesia will unlikely achieve its energy mix target of between 17 percent to 19 percent by 2025 as the country’s energy mix just reaches 13 percent to 14 percent, says Energy and Mineral Resources (ESDM) Minister Arifin Tasrif.
Separatist group kills New Zealand pilot in Papua
Over a year has passed since Egianus Kogoya-led separatist Free Papua Movement (OPM) group in Nduga, Papua Mountains province, kidnapped a New Zealand pilot in February 2023, a separate Mimika-based OPM group took hostage and murdered a helicopter pilot also of New Zealand nationality in Alama district, Central Papua province, on Monday morning, August 5, 2024.
Indonesia's economic growth outpaces China, Singapore, and South Korea: Airlangga
Coordinating Minister for the Economy, Airlangga Hartarto, says that Indonesia's economic growth has surpassed that of China, Singapore, and South Korea, booking a 5.05 percent growth year-on-year in the second quarter of 2024.
Indonesia-S’pore economic cooperation: Strong partnership for financial innovation
The economic cooperation between Indonesia and Singapore not only showcases a robust bilateral partnership but also fosters new innovations in the regional financial sector as both countries continuously strive to strengthen economic integration through various strategic initiatives.
Indonesia monitors U.S. economic risks amid potential recession
Coordinating Minister for the Economy, Airlangga Hartarto, expresses concern over potential economic risks for Indonesia if the United States experiences a recession as such a crisis could trigger capital flight from Indonesia's domestic market to the U.S. due to higher interest rates domestically compared to the inflation rate.
OJK vows to strengthen “rural banks”
The Financial Services Authority (OJK) has reaffirmed its commitment to strengthening Community Credit Banks or Rural Banks (BPR) as a primary work priority. This initiative aims to ensure that BPR can operate optimally and support economic growth, particularly in providing loans to Micro, Small and Medium Enterprises (MSMEs).
ESDM ministry to issue regulation on Carbon Capture Storage
Minister of Energy and Mineral Resources (ESDM), Arifin Tasrif, reveals that he will soon issue a ministerial regulation on carbon capture and storage (CCS).
Indonesian Air Force to acquire Bayraktar TB2 drones from Turkiye
The Indonesian Air Force has planned to purchase Bayraktar TB2 drones at about US$2-5 million (Rp32-81billion) from Turkey for Indonesian military operations.