politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Empowering communities, expanding horizons: Indofon's journey to global arena
With a steadfast commitment to innovation and expansion, PT Indonesia Plafon Semesta, a leading PVC Ceiling manufacturer, continues to chart new territories in its entrepreneurial journey.
Indonesia prepares anti-monopoly regulations for digital ecosystem
The Indonesian Ministry of Communication and Informatics is working on anti-monopoly regulations for digital ecosystems, including prepares measures for large startups. The ministry is studying the European Union's Digital Market Act (DMA) and Digital Service Act (DSA) as part of this initiative.
Ombudsman finishes probe on Rempang City project, points up maladministration
The Indonesian Ombudsman has concluded its investigation into the disturbances surrounding the development of the National Strategic Project, Rempang Eco City, in Riau Islands province.
Rubber producers threatened with export difficulties to Europe
Business players have anticipated heavier pressure on the national rubber industry in 2024 along with the planned implementation of the European Union's Anti-Deforestation Law (EUDR), which will be effective from January 1, 2025. Under this regulation, operators that export commodities and their derivative products to EU members are required to prepare geolocation data of raw material sources.
Citizens caught in between colliding interests of businesses, elites
Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan and Minister of Investment/Head of Investment Coordinating Board (BKPM) Bahlil Lahadalia have come in the defense of government’s nickel downstreaming and electric vehicles development policies.
Pertamina & partners win bid to manage oil & gas block in Malaysia
PT Pertamina Malaysia Exploration Production (PMEP) and its partners have won the bidding for the SK510 exploration block through the Malaysia Bid Round (MBR) 2023, a series of bidding activities held annually by Malaysia Petroleum Management (MPM) PETRONAS, the agency responsible for oil and gas resources in Malaysia.
Recurring gas leakage Incidents at Pindo Deli, 123 residents affected
The caustic gas leakage incident at the production facility of PT Pindo Deli Pulp and Paper, a subsidiary of Asia Pulp & Paper or Sinar Mas Group, on Saturday, January 20, 2024, was not the first occurrence as it echoed a similar incident in 2023.
Increased expenditure for land acquisition in PSN reaches Rp14.3 T in 2023
The National Asset Management Agency (LMAN) reported a disbursement of Rp18.2 trillion for land acquisition in national strategic projects (PSN) throughout 2023.
Bahlil concerned with entertainment tax hike impact on foreign investment
Minister of Investment Bahlil Lahadalia has raised concerns about the potential negative impact of increased taxes on certain entertainment businesses on foreign investment in Indonesia.
Election 2024: Oligarchy's grip strengthens, citizens' sufferings increase
Business tycoon Garibaldi Thohir or Boy Thohir has claimed that a significant number of Indonesian giant business group owners are ready to help the Prabowo Subianto-Gibran Rakabuming Raka pair win the 2024 presidential election. These business entities include Djarum Group (Michael Bambang Hartono and Robert Budi Hartono), Sampoerna Group (Putera Sampoerna/heir of the Sampoerna family), Arini Saraswaty Subianto (daughter of the late Indonesian tycoon Benny Subianto) and Boy Thohir himself, owner of Adaro Group.
Finance Ministry softens stance on Rooftop Solar regulation revision
The Ministry of Energy and Mineral Resources (ESDM) awaits approval from President Joko Widodo for the revision of Ministerial Regulation No. 26/2021 on the development of rooftop solar power plants (PLTS) at the beginning of this year. The harmonization process of the regulatory revision has been completed after the Ministry of Finance softened its stance on potential subsidy burdens or financial impacts on state-owned electricity company PT PLN due to the relaxation of rooftop solar installations for the general public.
Pertamina International Shipping books revenue of Rp51.56 trillion in 2023
PT Pertamina International Shipping (PIS), a subholding of Pertamina engaged in integrated logistics and shipping, reported a revenue of US$3.3 billion, equivalent to Rp51.56 trillion in its unaudited financial performance for 2023. This represents an 18 percent increase compared to the 2022 realization of US$2.8 billion or Rp43.75 trillion. The net profit after tax for 2023 reached US$304 million, marking a 48 percent increase from the previous year's figure of US$205 million.