Politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Foreign investors flock to major bank stocks in a robust week of trading
Foreign investors have been aggressively purchasing shares of Indonesia's leading banks in the past week, including PT Bank Mandiri (BMRI), PT Bank Central Asia (BBCA), PT Bank Rakyat Indonesia (BBRI), and PT Bank Negara Indonesia (BBNI), with total purchases amounting to Rp1.44 trillion (Rp92.4 million).
Jokowi reshuffles cabinet weeks before leaving office
President Joko “Jokowi” Widodo on Monday, August 19, 2024, reshuffled cabinet and appointed three heads of government bodies just weeks before he will leave office.
Indonesia aims for US$25.2 billion in green hydrogen investment by 2060
The Indonesian government is targeting private sector investment in green hydrogen development to reach US$25.2 billion (Rp395.58 trillion) by 2060 as part of its efforts to prevent an energy crisis in the industrial sector and support carbon dioxide reduction.
Indonesia to allocate US$229.6 billion for 2025 State Budget
Indonesia allocates Rp3,613.1 trillion (US$229.6 billion) for government expenditure in the 2025 State Budget (APBN), including for the central government spending at Rp2,693.2 trillion (US$171 billion) and regions across the country at Rp 919.9 trillion (US$58 billions).
Jokowi claim ssuccess for his 10-year-term in office
President Joko “Jokowi” Widodo delivered his State of the Union address on the occasion of the 79th Anniversary of Indonesian Independence on Friday, August 16, 2024, claiming a success in developing Indonesia during his two terms in office.
President Jokowi apologizes to Indonesian people ahead of end of his tenure
President Joko “Jokowi” Widodo on Friday, August 16, 2024, apologized to Indonesian people for their disappointment towards him and every dream that has not been realized during his tenure as president as he delivered his State of the Nation Address for the 79th Anniversary of Indonesian Independence.
PHE books oil and gas production increase in first semester of 2024
PT Pertamina Hulu Energi (PHE), an oil and gas upstream subholding of state owned energy company Pertamina, booked oil and gas production of 1.05 million barrels of oil equivalent per day (BOEPD) in the first semester of 2024, with 556,000 barrels of oil per day and gas of 2.86 billion standard cubic feet per day (Bcf/D), or an increase by 0.3 percent from the first semester of 2023.
PLN collaborates with Saudi company to develop Saguling Floating Solar PV
State power utility PT PLN signed power purchased agreement (PPA) with Saudi Arabia energy company ACWA Power on Tuesday, August 13, 2024, to develop floating solar power plant Saguling in West Java with the capacity of 92 MWp.
Pertamina-Siemens collaborate on sustainable energy transition
Indonesia state owned energy company PT Pertamina has sealed a deal with Siemens Energy to realize safe and affordable sustainable energy in Indonesia following the signing of a memorandum of understanding on business opportunities and potential collaboration for technology acceleration in Jakarta on Tuesday, August 13, 2024.
Airlangga says meeting with Bahlil unpolitical
Coordinating Minister for the Economy, Airlangga Hartarto, has clarified that his meeting with Minister of Investment/Head of the Investment Coordinating Board (BKPM), Bahlil Lahadalia, was purely focused on future investment strategies and not related to political matters.
PLN ensures reliable electricity supply for anode battery factory in Kendal SEZ
Indonesia power utility PT PLN is committed to providing reliable electricity for the operation of the lithium anode battery factory in the Kendal Special Economic Zone (SEZ), Central Java, which was recently inaugurated by President Joko “Jokowi” Widodo.
Indonesia lagging behind in solar power development: IESR
The Institute for Essential Services Reform (IESR) has highlighted that Indonesia is significantly behind other Southeast Asian nations in solar power development, despite recent improvements driven by foreign investments.