politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Jokowi signs regulation on earlier permit extension for Freeport
President Joko Widodo has signed a government regulation that will allow PT Freeport Indonesia to submit for an extension of their Special Mining Business Permit (IUPI) after 2041.
SKK Migas on a road show at recent Future Energy Asia 2024 Summit
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) was recently on a road show in Bangkok, Thailand, to introduce Indonesia’s oil and gas potentials and lure international investors to invest in the country’s oil and gas sector.
Indonesia aims to finalize EU trade agreement by July 2024
The Coordinating Ministry for Economic Affairs is targeting the completion of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) by July 2024, with final negotiations being expected to take place in Indonesia during the 19th round of talks on July 1-5.
Semen Baturaja books positive performance, distributes dividend
Cement company PT Semen Baturaja (SMBR), a subsidiary of state-owned cement holding company PT Semen Indonesia (SIG), held its annual shareholders’ meeting in Jakarta on Wednesday, May 29, 2024, announcing the company’s positive performance in the fiscal year of 2023.
Indonesia targets completion of three trade agreements to prevent dual deficits
The Coordinating Ministry for Economy aims to finalize three significant trade agreements by the end of this year to prevent potential dual deficits − both in the balance of payments and the fiscal balance.
Supreme Court's age requirement change for governors criticized as favoring Jokowi's son
The recent Supreme Court ruling altering the minimum age requirement for gubernatorial and vice-gubernatorial candidates has sparked criticism, with many viewing it as a move to clear the path for President Joko Widodo's youngest son, Kaesang Pangarep, to run in the 2024 gubernatorial election.
PLN advances renewable energy with three new floating solar power plants
State electricity company PT PLN is working on three large-scale floating solar power plant (PLTS) projects at three different locations, with operations expected to begin between 2025 and 2026.
Economists skeptical of 8 percent economic growth under Prabowo administration
Economists foresee difficulties in achieving the eight-percent economic growth target under President elect Prabowo Subianto's administration if it continues with policies similar to those of President Joko “Jokowi” Widodo.
Int’l conference on forest city development, biodiversity restoration E. Kalimantan
Researchers, activists and practitioners from 12 countries gathered for the International Conference on Forest City (ICFC), organized by the Nusantara Capital City (IKN) Authority (OIKN) at Mulawarman University in Samarinda, East Kalimantan, on May 29-30.
PLN books net profit of US$1.4 billion in 2023
State electricity company PT PLN has booked a net profit of Rp22.07 trillion or US$1.4 billion in 2023, the largest in the company’s history. The amount was one and a half times of its net profit in 2022.
JTB gas field books record of full capacity production of 192 MMSCFD
PT Pertamina EP Cepu (PEPC), an upstream subholding of State energy company PT Pertamina which operates the Jambaran-Tiung Biru (JTB) Gas Field in Bojonegoro, East Java, has recorded a milestone with the JTB Field stably booking full capacity production of 192 million standard cubic feet per day (MMSCFD) for a long period of time.
Former ESDM Director General named suspect in PT Timah corruption case
The Attorney General's Office has named Bambang Gatot Aryono, former Director General of Mineral and Coal at the Ministry of Energy and Mineral Resources (ESDM), as a new suspect in the PT Timah corruption case.