politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Indonesia to supply EV battery components to Tesla starting January 2025
The Indonesian government is reportedly in the process of reducing the portion of shares of Chinese companies in Indonesian nickel smelter projects, a maneuver believed to ensure the domestic downstream nickel ore industry to access the United States (US) government’s electric vehicle subsidies.
Indonesia allocates Rp71 trillion for free nutritious meal program
The Indonesian government has allocated Rp71 trillion (US$4.3 billion) for a new program to provide free nutritious meals for children and pregnant women, a figure significantly lower than the Rp400 trillion-Rp450 trillion proposed during President-elect Prabowo Subianto's election campaign.
PMSol seals deal with two Malaysian manning agencies
PT Pertamina Marine Solutions (PMSol), a subsidiary of PT PERTAMINA Trans Kontinental, has expanded its business by signing a strategic cooperation or Memorandum of Understanding with two Malaysian manning agencies on July 23, 2024.
Bahlil confirms massive layoff in textile sector
Minister of Investment/ Head of Indonesia Coordinating Board (BKPM) Bahlil Lahadalia has confirmed of massive layoffs in textile industry in several location in Indonesia’s West Java Province.
Balang Island bridge expected to boost connectivity in IKN
The long-awaited Balang Island Bridge, connecting oil city Balikpapan with the core area of the new capital city Nusantara (IKN), is set to be inaugurated by President Joko “Jokowi” Widodo today.
Sulawesi sets an example on renewable energy exploitation, sustainable mining
Sulawesi Island possesses abundant renewable energy resources, particularly hydro power, that has long been utilized as energy and power generating sources by companies operating in the country’s eastern island.
Indonesia secures Rp2 T in investment through golden visas, to issue 1,000 more this year
The Indonesian government has reported a commitment of Rp2 trillion (US$122.7 million) in investment from the issuance of 300 Golden Visas to individual and corporate foreign investors., seeking to issue 1,000 more Golden Visas to attract significant investments and high-caliber global talents to Indonesia.
Online gambling transactions in Indonesia projected to reach Rp900 T this year: PPATK
The Financial Transaction Reports and Analysis Center (PPATK) has projected that online gambling transactions in the country could reach Rp900 trillion (US$55.2 billion) by the end of this year if no preventive measures are taken.
Celios: Indonesia needs Rp892 trillion by 2045 for restorative economy initiatives
The Center for Economic and Law Studies (Celios) has suggested that Indonesia requires at least Rp892.1 trillion (US$54.7 billion) by 2045 to implement a restorative economic strategy across various sectors.
President launches sugar self-sufficiency program in Merauke
President Joko “Jokowi” Widodo symbolically planted the first sugarcane to mark the development of downstream sugarcane plantation, sugar factory, and bioethanol project in Sermayam Indah Village, Merauke Regency, South Papua, on Tuesday, July 23, 2024.
KPK investigates alleged corruption in PT Perusahaan Gas Negara
The Corruption Eradication Commission (KPK) is investigating corruption allegations in State-owned gas distribution company PT Perusahaan Gas Negara (PGN) over gas trading transactions with PT Isargas/Inti Alasindo Energi (IAE) from 2017 to 2021.
AMMAN subsidiary secures export permit for copper concentrate
PT Amman Mineral Nusa Tenggara (AMNT), a subsidiary of PT Amman Mineral Internasional (AMMAN), has secured the export permit for copper concentrate from the Indonesian Ministry of Trade following a recommendation from the Ministry of Energy and Mineral Resources (ESDM).