politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
PIEP opens Middle East branch in search of new oil & gas blocks
PT Pertamina International EP (PIEP) − an international upstream subholding of the State oil and gas company Pertamina − has expanded its operation in the Middle East, opening a branch office in Dubai, the United Arab Emirates, on Tuesday, July 2, 2024.
Luhut: Indonesia poised to become key player in EV global supply
In an effort to meet global demand for electric vehicles, the Governments of Indonesia and South Korea inaugurated the Battery and Electric Vehicle Ecosystem in Karawang, West Java, on Tuesday, July 2, 2024.
KPK deputy admits failure in anti-corruption campaign
Alexander Marwata, Deputy Chairman of the Corruption Eradication Commission (KPK), has admitted his personal failure in combating corruption during his eight-year tenure at the anti-graft agency.
MIND ID officially the largest PT Vale Indonesia’s shareholder
JAKARTA − State-owned Mining Industry Holding Company, PT Mineral Industri Indonesia ("MIND ID"), has completed the purchase of approximately 14 percent ofthe divested shares of PT Vale Indonesia from Vale Canada Limited ("VCL") and Sumitomo Metal Mining Co., Ltd. ("SMM").
Concerns rise over women's representation setback in 2024 election
The 2024 General Elections are being criticized as a significant regression for women's representation, largely due to the Election Commission's (KPU) handling of the affirmative policy requiring a minimum of 30 percent female legislative candidates.
KCI boosts train imports from China to meet urgent fleet needs
Commuter Line service operator PT Kereta Commuter Indonesia (KCI) will increase its import of train sets from China to 11, due to State-owned train manufacturer PT Industri Kereta Api's (INKA) inability to deliver the planned 17 train sets by 2025, but two units instead.
Majority of mining commodity export prices rise in July 2024
The Ministry of Trade has reporeds that the prices of most mining commodities subject to export duties have increased due to rising global demand, influencing the export reference prices (HPE).
Bahlil: Gresik smelter makes electric battery ecosystem in Indonesia more complete
Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said the latest copper smelter built by PT Freeport Indonesia (PTFI) will further strengthen the electric battery ecosystem in Indonesia.
Delta Dunia completes acquisition of Atlantic Carbon
PT Delta Dunia Makmur, through American Anthracite SPV I, LLC, a controlled entity under PT Bukit Makmur Internasional (BUMA International), has completed the acquisition of Atlantic Carbon Group, Inc. (ACG) for US$122.4 million.
PHR’s exploration, innovation endeavors increase Rokan Block's oil reserve potential
PT Pertamina Hulu Rokan (PHR), a subsidiary of State-owned energy company Pertamina, continues to strive to increase its oil and gas production after the transfer of Rokan Block management, one of which is through exploration activities that have succeeded in providing additional significant oil and gas resources and reserves from the oil block.
Sri Mulyani proposes Rp6.1 trillion state capital injection for five SOEs
Minister of Finance Sri Mulyani Indrawati has proposed a state capital injection (PMN) totaling Rp6.1 trillion for five state-owned enterprises (SOEs) this year, representing 44.85 percent of the total PMN requested by the Ministry of State-Owned Enterprises (SOEs) amounting to Rp13.6 trillion (US$833 million).
ESDM ministry opens mineral mining management to religious mass organizations
The Ministry of Energy and Mineral Resources (ESDM) said that business entities of religious mass organizations (ormas) also have the opportunity to manage mineral mining in Indonesia although the priority special mining business permit (WIUPK) area on offer are for coal mining.