politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Massive layoffs threaten 15,000 workers as bankruptcy hits textile companies
The national textile industry suffers a severe blow after the Semarang District Court declared four Central Java-based textile companies bankrupt.
Prabowo asks IKN development to be completed in four years
President Prabowo Subianto has reaffirmed the continuation of the development of the Nusantara Capital City (IKN) development under his presidency, stressing its completion within four years, an aide has said..
BUMA secures Rp107.8 trillion contract extension from Bayan Group subsidiary
PT Bukit Makmur Mandiri Utama (BUMA), the principal subsidiary of investment company PT Delta Dunia Makmur (Delta Dunia Group), has secured a long-term contract extension with PT Indonesia Pratama (IPR), a subsidiary of coal mining company PT Bayan Resources (Bayan Group).
Indonesia needs to strengthen energy transition policy for self-sufficiency: Experts
Indonesia’s dependency on fossil energy that is decline in production will threaten the energy self-sufficiency target that the government needs to determine a policy and regulation that encourage investment in renewable energy, experts have suggested.
Sulzer secures five-year deal with PT Pertamina Geothermal Energy
Sulzer Services (Indonesia), an independent service provider (ISP) and leader in flow control, has signed a five-year customer service agreement (CSA) with PT Pertamina Geothermal Energy (PGE), the Geothermal specialist sub-holding of State energy company PT Pertamina.
Surveys show mixed results in Jakarta 2024 gubernatorial race
The Jakarta’s 2024 gubernatorial election heats up, with the latest polls by Lembaga Survei Indonesia (LSI) and Poltracking Indonesia reveal differing frontrunners.
Prabowo launches nutritional support centers nationwide in free meal program trial
In an effort to improve national nutrition, President Prabowo Subianto has established 85 Nutritional Support Centers as part of the Free Nutritious Meal Program, which is currently in the testing phase across all provinces in Indonesia.
Textile giant speaks out after bankruptcy ruling, initiates consolidation steps
One of Southeast Asia’s largest textile manufacturers, PT Sri Rejeki Isman (Sritex), recently responded to its declared bankruptcy by the Semarang District Court in Central Java.
Adiwarna Anugerah Abadi launches IPO on Indonesian Stock Exchange
PT Adiwarna Anugerah Abadi (NAIK), a company specializing in fire protection systems trading and services, has announced its initial public offering (IPO) on the Indonesia Stock Exchange (IDX).
Bukit Asam-KAI-Semen Baturaja seal deal on logistics capacity expansion at Kertapati
Coal mining company PT Bukit Asam (PTBA), State-owned railway company PT Kereta Api Indonesia (KAI) and cement producer PT Semen Baturaja (SMBR) havestruck a deal to increase the coal and cement loading and unloading capacity of the Kertapati Area in Palembang, South Sumatra.
Freeport prepares for extended mining permit, ownership agreement in Indonesia
Freeport McMoran (FCX) has announced that the application process for extending PT Freeport Indonesia’s (PTFI) Special Mining Business License (IUPK) is currently underway, ensuring operations beyond its current contract’s expiration in 2041.
Oil and gas investment on a positive trajectory in the past three years: SKK Migas
Investment in upstream oil and gas exploration has been on a positive trajectory, impacting new discoveries of oil and gas field, a senior government official says.