politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Government grants Sritex export-import permits despite bankruptcy ruling
The government has decided to allow textile company PT Sri Rejeki Isman (Sritex) to continue its export-import operations, despite the company’s recent bankruptcy declaration by the Semarang Commercial Court on Monday, October 21, 2024.
Deputy Finance Minister explores tax potential from “shadow economy”
Deputy Minister of Finance, Anggito Abimanyu, has highlighted the potential for new tax revenues by addressing activities within the "shadow economy", referring to economic transactions that contribute to the Gross National Product (GNP) and Gross Domestic Product (GDP) but remain unregistered and unrecorded in official data.
Former Trade Minister Tom Lembong named suspect in 2015-2016 sugar import graft case
The Attorney General’s Office (AGO) has named former Trade Minister Thomas Trikasih Lembong, also known as Tom Lembong, as a suspect in a corruption case related to sugar imports during his tenure in 2015-2016.
ALMI stops all aluminum production as a result of prolonged crisis since 2018
PT Alumindo Light Metal Industry Tbk (ALMI) has stopped operations including all operational activities of the company such as production, administration, and sales as a result of the impact of the prolonged financial trouble since the 2018 global economic crisis.
Dharma Satya Nusantara books US$55 million profit in Q3 2024
Palm oil, wood products, and renewable energy company PT Dharma Satya Nusantara (DSNG) booked profit of Rp868 billion (US$55 million) in third quarter of 2024.
Government to import one million tons of rice in early 2025
An interministerial meeting on Tuesday, October 29, 2024, presided by Coordinating Minister for Food Affairs, Zulkifli Hasan, decided to import 1 million tons of rice from India in 2025 to secure supplies due to delay in harvest season.
Sjafrie discusses increased defense cooperation with US Ambassador
Indonesian Minister of Defense, Sjafrie Sjamsoeddin, met with the United States (US) Ambassador to Indonesia, Kamala Shirin Lakhdhir, at his office on Monday, October 28, 2024, discussing measures to strengthen security and defense partnership between Indonesia and the US.
Coal production target difficult to achieve: Association
The coal production target which has been set by the Ministry of Energy and Mineral Resources (ESDM) at 922.14 million tons by the end of 2024 is difficult to achieve in view of various aspects that could affect domestic coal production, an expert says.
IDX prepares for IPO surge as 28 companies await listings
The Indonesia Stock Exchange (IDX) is set for a significant expansion as 28 companies line up for initial public offerings (IPOs), with 36 companies having debuted on the exchange so far this year, raising Rp5.42 trillion from IPOs.
Workers to oversee Court ruling on judicial review against Job Creation Law
President of The Confederation of Indonesian Trade Unions (KSPI), Said Iqbal, has hinted that thousands of workers will stage a sit-in in front of the Constitutional Court on October 31, 2024 when the court’s justices will read out their verdict on the judicial review filed against the Job Creation Law.
IDX sees record fundraising in 2024 of Rp149.4 trillion up to October
The Indonesia Stock Exchange (IDX) has reported an impressive Rp149.4 trillion (US$9.5 billion) in funds raised through the capital market up to October 2024, a record-breaking milestone in the exchange's history.
Agriculture ministry dismisses import plans of milk from Vietnam
The Ministry of Agriculture has refuted reports of a plan to import 1.8 million tons of milk from Vietnam to support President Prabowo Subianto's Free Nutritious Meal Program, instead is inviting foreign investors to develop local dairy industry.