politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Djarum and Wings Group opt for non-commercial investment in IKN
Two Indonesian conglomerates, Djarum Group and Wings Group, have declared their decision to refrain from participating in the commercial projects of the Nusantara Capital City (IKN). Instead, both conglomerates have opted to engage in the development of a Botanical Garden, a non-commercial project within the IKN.
ESDM sets B35 biodiesel quota at 13.41 million for 2024
The Ministry of Energy and Mineral Resources (ESDM) has set the quota for the distribution of B35 biodiesel, a blend of Solar with 35 percent palm oil-based biofuels (BBN), at 13.41 million kiloliters (KL) for 2024.
PLN asked to open large-scale Power Plant auctions in bundle scheme
Executive Director of the Institute for Essential Services Reform (IESR), Fabby Tumiwa, asks that State electricity company PT PLN to initiate auctions for large-scale renewable energy (EBT) projects this year, suggesting a bundle scheme or project package mechanism in an effort to secure economic viability of these EBT power plant projects by developers.
Candidates gear up for third round of presidential debate
Ahead of the third round of presidential debate on Sunday, January 7, 2024, each presidential candidates have apparently prepared themselves for the debate that will focus on defense, security, geopolitics and international relations.
Energy ministry still reviews Freeport's work plan, budget
The Ministry of Energy and Mineral Resources (ESDM) is still evaluating the Work Plan and Budget (RKAB) of Copper and Gold mining company PT Freeport Indonesia (PTFI).
Energy minister: 117 mining companies have yet to pay PNBP obligations
The Ministry of Energy and Mineral Resources (ESDM) is still waiting for several mining companies that have not deposited their obligations to the state. These obligations include deposits of non-tax state revenue (PNBP).
Erick Thohir revamps Pelindo’s board of commissioners
Minister of State-Owned Enterprises (SOE), Erick Thohir, has restructured the Board of Commissioners at State-owned port operators PT Pelabuhan Indonesia (Pelindo).
Nestlé partners with Foodbank of Indonesia for food donation program
Nestlé Indonesia has signed a collaboration agreement with Foodbank of Indonesia (FOI) at its headquarters, reinforcing its commitment to actively contribute to consumer health.
Securing IDR 600 Billion, Toll Company Owned by Jusuf Hamka (CMNP) to Construct This Toll Road
PT Citra Marga Nusaphala Persada Tbk. (CMNP), a toll road company owned by Jusuf Hamka, has recently reported receiving a credit injection of IDR 600 billion from PT Bank Capital Indonesia Tbk. (BACA). In its report, the loan is intended to support the construction of the 9.6-kilometer-long Harbour Road II Toll Road. "To finance the construction of the Ir. Wiyoto Wiyono, M.Sc, Section Harbour Road II [elevated] from Ancol Timur to Pluit, spanning approximately 9.6 kilometers," explained CMNP management in a disclosure, quoted on Wednesday (1/3/2024). CMNP, owned by Jusuf Hamka, received funds through two different credit facilities. A sum of IDR 50 billion was borrowed through the Current Account Loan (PRK) facility, while the remaining IDR 550 billion was borrowed through the Money Market Acceptance Loan (PA MM) facility.
Ministry reassesses Trans Kalimantan Gas Pipeline Development Plan
The Ministry of Energy and Mineral Resources (ESDM) is currently evaluating the continuation of the Trans Kalimantan gas transmission pipeline project concerning the certainty of gas supply and current industrial absorption. The evaluation includes the stretch won by PT Bakrie & Brothers Tbk. (BNBR), from Bontang (East Kalimantan) to Takisung (South Kalimantan).
Pertamina Patra Niaga supplies marine fuel to cruise ships in Bali
Pertamina Patra Niaga, Subholding Commercial and Trading of PT Pertamina, has initiated the refueling of environmentally friendly fuel for cruise ships docking at Benoa Port in Bali on Monday. One of the recipients of this eco-friendly fuel is the Norwegian Jewel cruise ship.
Public Works and Housing Ministry auctions Rp1.7 trillion project in IKN
The Ministry of Public Works and Housing has initiated the auction for the Construction of Second Government Infrastructure in the National Capital of Nusantara (IKN) worth Rp1.7 trillion (US$ 109 million). Quoting the official page of the Electronic Procurement Service (LPSE) of the ministry, the Construction of Second Government Infrastructure encompasses the construction of the Vice President's Palace, Vice President's Office, Vice President's Secretariat Office, Vice President's Residence, and other supporting buildings in IKN.