Politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Pertamina sees increased, Medco decreased portion in Corridor Block
PT Medco Energi Internasional (Medco) has reported a relatively stable oil and gas production of 157,000 barrels of oil equivalent per day (mboepd) in the first quarter of 2024 if compared with the performance of oil and gas operations throughout the fourth quarter of 2023. However, oil and gas production in the first quarter of 2024 was relatively lower or fell 7 mboepd below that in the first quarter of 2023.
Pertamina seeks collaboration with Brazil on bioethanol development
PT Pertamina New & Renewable Energy (PNRE), a subsidiary of State energy company PT Pertamina and member of the Task Force for the Acceleration of Sugar and Bioethanol Self-Sufficiency in Merauke, South Papua, is opening communication with Brazil for bioethanol development cooperation.
Bahlil: Revoked mining permits to be granted to religious organizations
Minister of Investment/Head of Investment Coordinating Board, Bahlil Lahadalia, has announced plans to grant a number of revoked mining business permits (IUPs) to a number of religious organizations.
Bahlil: Gov’t to increase shareholding in Freeport to support downstreaming
Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said the government plans to increase share ownership in PT Freeport Indonesia (PTFI) while extending the company's Special Mining Business Permit (IUPK) contract until 2061.
Task force begins task sharing for sugar self-sufficiency acceleration
The Task Force for the Acceleration of Sugar and Bioethanol Self-Sufficiency, chaired by Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia, held its first meeting on Tuesday, April 30, 2024, discussing task sharing with relevant ministries/institutions that President Joko Widodo had appointed to also take a role in encouraging the acceleration of sugarcane commodity investment.
ESDM ministry embarks on nuclear energy use for sustainable power generation
In a groundbreaking move towards sustainable energy production, the Indonesian Ministry of Energy and Mineral Resources (ESDM) has unveiled plans to harness nuclear energy for power generation by 2039. This bold initiative is part of the ministry's comprehensive roadmap aimed at achieving net-zero emissions (NZE) by 2060, aligning with global efforts to combat climate change and transition to cleaner energy sources.
SOEs collaborate for sustainable development in Merauke
State-Owned Enterprises (SOEs) are actively involved in the Acceleration Task Force for Sugar and Bioethanol Self-Sufficiency in Merauke Regency, South Papua Province.
Bahlil: Foxconn's investment plan under negotiation
Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia says Taiwan's company Hon Hai Precision Industry Co.Ltd or Foxconn's investment plan in Indonesia is still under negotiation.
IBC teams up with SOEs for renewable energy ecosystem development
In an effort to implement a new renewable energy ecosystem, Indonesia Battery Corporation (IBC) signed a Memorandum of Understanding (MoU) with seven State-Owned Enterprises (SOEs).
Bahlil dismisses stagnation in investment in the Nausantara Capital City
Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia dismisses speculations that investment in the Nusantara Capital City (IKN) has stagnated, saying that investment in the future capital city is being accelerated after the 2024 elections.
IHC, Singhealth seals deal collaboration to improve patient care
PT Pertamina Bina Medika, an Indonesia Healthcare Corporation (IHC) and holding of state-owned hospitals, signed a Memorandum of Understanding (MoU) with SingHealth, Singapore's largest public healthcare group, on cross-sharing of clinical practices, innovations, training to improve the quality of healthcare services.
Bahlil: Freeport's permit extension almost final
Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadialia said the government is waiting for the final revision of the government regulation No. 96/2021 that will allow PT Freeport Indonesia (PTFI) to secure early extension of its special mining business permit after 2041.