Indonesia Business Post

Garuda Indonesia's revenue growth 40 percent in 2023

National flag carrier PT Garuda Indonesia (IDX: GIAA) has consistently recorded positive performance as reflected in the growth of consolidated operating revenue in the 2023 performance year, which grew by around 40 percent or US$2.94 billion compared to the previous year's operating revenue of US$2.1 billion. This is one of the indicators of the business performance restructuring steps that continue to run on the track.

AGO probes into Refined Bangka Tin and the Harvey Moeis Saga

The recent probe conducted by the Attorney General's Office (AGO) into PT Refined Bangka Tin (RBT) and its commissioner, AGR, sheds light on the intricate web of corruption allegations surrounding Indonesia's tin industry. Amidst allegations of illicit activities within the Mining Business License (IUP) at PT Timah from 2015 to 2022, the AGO's investigation has unearthed compelling evidence implicating key players, including Harvey Moeis, husband of renowned actress Sandra Dewi.

Constitutional Court begins hearing of 2024 election lawsuits

The Constitutional Court began on Wednesday, March 27, 2024, the hearings of the lawsuits filed by presdential-vice presidential candidates pair number 1 Anies Baswedan-Muhaimin Islandar and pair number 3 Ganjar Pranowo-Mahfud MD.

AGO detains “Crazy Rich Jakartan” Helena Lim in tin graft case

The investigation team at the Directorate of Investigation, the Office of Junior Attorney General for Special Crimes has again named one new suspect in an alleged corruption case in the tin commodity trading system at PT Timah’s Mining Business Permit (IUP) area from 2015 to 2022.

Report: Financial institutions funnel trillions of dollars to non-eco-friendly corporations

A number of civil society organizations in the European Union have released a new report revealing the links between financial institutions and environmental damage.

PIK, BSD named ‘National Strategic Projects’, valued at Rp83.54 Trillion

The Indonesian government has identified the ambitious development projects of Pantai Indah Kapuk (PIK) and Bumi Serpong Damai (BSD) as national strategic projects (PSN), signaling a significant milestone in the nation's infrastructure development agenda.

Complete schedule of Court hearings on presidential election disputes

The losing pairs of presidential and vice presidential candidates in the 2024 presidential election, namely Anies Baswedan-Muhaimin Iskandar and Ganjar Pranowo-Mahfud MD, have filed their lawsuits with the Constitutional Court through their respective legal teams.

Daikin earns title of Worker-friendly Corporation

Daikin Manufacturing Indonesia has earned plaudits and acclaim for its unwavering commitment to corporate social responsibility, particularly its fervent advocacy for the welfare and well-being of vulnerable segments of the populace.

Expert: President should not grant early permit extension for Freeport

JAKARTA - President Joko “Jokowi” Widodo's discourse to extend the Special Mining Business Permit for PT Freeeport Indonesia (PTFI), which will expire in 2041, to 2061 prematurely, is a violation to Law No. 3/2020 on Mineral and Coal, particularly Article 169 B paragraph 2. The permit extension must be avoided because it is detrimental to long-term national interests.

Politics