politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Government offers tax incentives to boost investment in IKN
The government, through the Ministry of Finance, is offering various incentives, including tax incentives for land and/or building investments in an effort to encourage investment in the new capital city of Nusantara (IKN).
Vietnam’s VinFast invests US$1.2 billion in Indonesia’s assembly plant
Vietnam’s electric vehicle (EV) manufacturer, VinFast, which has entered Indonesia earlier this year, is setting up a new dealership in the Jakarta suburb of Depok and will soon invest US$1.2 billion to build a local assembly plant with a capacity of 60,000 cars per year.
House approves Rp965 billion capital injection for PT INKA
Commission XI of the House of Representatives (DPR) has sanctioned a state capital injection (PMN) amounting to Rp965 billion (US$59 million) for State-owned train manufacturer PT Industri Kereta Api (INKA).
Government: BASF, Eramet temporarily delay investment in Sonic Bay project
The government has claimed that Germany 's chemical company BASF and French mining and metallurgical company Eramet did not withdraw from Sonic Bay Project, but only postponed their investment while considering the direction of global trade and market, a senior government officials says.
ESDM ministry: Indonesia needs strong domestic demands to develop EV industry
Success of the development of Indonesia electric vehicle industry heavily depends on domestic demands, price difference between electric vehicle (EV ) and Non EV and the availability of EV infrastructure and after sales maintenance, a senior government official said.
Petrosea signsmining services term sheet renewal, worth US$1.08 billion
Indonesia private mining service company PT Petrosea has signed an amendment and restatement of mining services agreement term sheet with PT Global Bara Mandiri, a subsidiary of PT Singaraja Putra, for overburden removal and coal getting at a mine area located in Central Kapuas district, Kapuas regency, Central Kalimantan, on July 3, 2024.
Asaki asks govert to impose 200 percent anti-dumping duty on Chinese ceramic imports
The Indonesian Ceramic Industry Association (Asaki) asks the government to impose an anti-dumping duty (BMAD) of up to 200 percent on ceramic imports from China, citing unfair trade practices.
ESDM to set up fund management body to accelerate renewable energy growth
The Ministry of Energy and Mineral Resources (ESDM) is planning to establish a Public Service Agency (BLU) or a special body tasked to managed funds that will be used to accelerate growth of renewable energy power plants in Indonesia.
Bappenas prepares ecosystem to boost circular economy in Indonesia
The Ministry of National Development Planning (PPN)/National Development Planning Agency (Bappenas) is preparing an ecosystem to effectively implement circular economy, which has the potential to contribute up to Rp500 trillion (US$30.7 billion) to the Indonesian economy.
Shopee and Shopee Express sign ‘Behavioural Change Integrity Pact’
PT Shopee International Indonesia (Shopee) and PT Nusantara Ekspres Kilat (Shopee Express) signed an Integrity Pact concerning alleged violation of Article 19 letter d and Article 25 paragraph (1) letter a of Law No. 5/1999 Related to Delivery Services (Courier) on the Shopee Platform in the Assembly Session of the Business Competition Supervisory Commission (KPPU) on Tuesday, July 2, 2024.
Indonesia's government debt rises significantly on monthly, yearly basis
Indonesia's government debt has continued to increase significantly on both a monthly and yearly basis, primarily driven by the issuance of government securities (SBN), especially domestic SBN.
Indonesia to hold Super Garuda Shield joint military exercise next month
The Indonesian military (TNI) is preparing for the Super Garuda Shield joint military exercise that will be held from August 26 - September 5, 2024 in three locations − Situbondo in East Java, Karawang in West Java and Batu Raja in South Sumatra.