politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Six oil and gas blocks offered in 2023 Auction remain unsold
The Ministry of Energy and Mineral Resources (ESDM) has not yet got winners for the auction of six oil and gas working areas (WK) opened in the second and third auction periods of 2023. These six blocks include Panai WK, Patin WK, Natuna D-Alpha WK, Akimeugah I WK, Akimeugah II WK, and Bobara WK. The blocks mentioned latter are still in the evaluation stage with interested companies.
Universities express concerns over worsening democratization in Indonesia
Lecturers and intelectuals from several universities in Indonesia are joining hands in expressing their concerns on deteriorating democratization in Indonesia, citing unethical, corrupt and nepotistic practices amidst worsening quality of life in the country.
Presidential regulation on CCS for oil and gas criticized for pragmatism
Critics have criticized Presidential Regulation No. 14/2024 on the legal framework for Carbon Capture Storage (CCS) or Carbon Capture, Utilization, and Storage (CCUS) technologies in Indonesia, accusing it of favoring the oil and gas industry rather than addressing climate change concerns.
Economic conditions of two World giants that worry Sri Mulyani
Indonesian Minister of Finance Sri Mulyani Indrawati has been carefully monitoring the global economic situation, which is predicted to continue to slowing down in 2024.
Five largest creditors to private Indonesian entrepreneurs
The Indonesian central bank (BI) has recorded the five largest creditors for Indonesian private foreign debt in the past 10 years, namely Singapore, the United States, China, Hong Kong, and Japan. Overall, as of November 2023, private foreign debt decreased by 2.3 percent compared to the same period in 2022 (year-on-year/yoy) to US$196.2 billion.
Industry ministry to encourage local products to reduce medical equipment imports
The Ministry of Industry is banking on the use of steel, plastic, and rubber as raw materials for medical equipment to reduce the proportion of medical equipment imports, which currently stands at 88 percent.
Bridging funding gap in RUPTL projects: PLN asked to engage int’l partners
The Ministry of Energy and Mineral Resources (ESDM) asks State electricity company PT PLN to expand its business scheme related to fundraising for projects outlined in the Electricity Supply Business Plan (RUPTL) 2021-2030 as a measure to provide an alternative investment avenue currently unavailable to PLN.
Mahfud announces resignation ahead of presidential election
Mahfud MD, Coordinating Minister for Political, Legal, and Security Affairs, has formally announced his resignation from the ministerial position, citing ethical considerations and the desire to avoid conflicts of interest as the primary reasons for stepping down.
Presiden Joko Widodo advances CCS with new regulation
President Joko “Jokowi” Widodo has taken a significant step towards realizing the nation's commitment to achieving net-zero emissions by 2060 or earlier through the issuance of Presidential Decree No. 14/2024.
Prabowo-Gibran pledge to continue energy transition
Presidential and vice-presidential candidate pair number 3, Prabowo Subianto and Gibran Rakabuming Raka, intend to continue the current government's policy of early retirement for steam power plants (PLTU).
Investment ministry ready to build new housing for Rempang residents
Amid the hustle and bustle of the 2024 general elections, the Indonesian government renews its commitment to fulfil the rights of residents affected by the Rempang Eco-City development project, following a groundbreaking ceremony for the construction of new houses for the affected residents at the Batam Authority (BP Batam) on January 10, 2024.
PLN constructs 191 SUTT towers, 30 MVA substations in West Kalimantan
State electricity company PT PLN has constructed 191 high-voltage overhead transmission line (SUTT) towers of 150 kV Sandai - Incomer (Ketapang-Sukadana) with a length of 129,762 kilometers of circuit (kms) and provided electricity to the 30 Megavolt Ampere (MVA) Substation in Muara Jekak Village, Ketapang, West Kalimantan.