Industry ministry imposes stricter regulations on Iron and Steel imports

This policy change is an amendment to the previous regulation, Minister of Industry Regulation No. 4/2021, which outlined the procedures for issuing technical considerations for the import of iron or steel, alloy steel, and its derivatives. Every business entity engaged in the importation of iron and steel, whether as a producer importer (API-P) or a general importer (API-U), must now obtain an Import Approval (PI) through Technical Consideration.

Protests arise over significant entertainment tax hikes in Indonesia

Recent increases in entertainment taxes ranging from 40% to 75% have sparked criticism from various quarters, including renowned dangdut singer Inul Daratista, prominent lawyer Hotman Paris, and spa business owners.

Jokowi brings home Rp7 Trillion investment souvenirs for IKN

President Joko “Jokowi” Widodo has secured investments of US$300-450 million, approximately Rp7 trillion, from a consortium of Brunei Darussalam investors for the development of the Capital City of Nusantara (IKN).The investment commitment from Brunei entrepreneurs was obtained during Jokowi's visit to Brunei Darussalam. The investment commitment was conveyed by Princess Anak Putri Hajjah Amal Rakiah, the sister of Sultan Hassanal Bolkiah, who led a delegation of investors to meet President Jokowi at Assaara Guest House in Bandar Seri Begawan on Saturday, January 13, 2024.Indonesian Ambassador to Brunei, Achmad Ubaedillah, said the written investment commitment for IKN was handed over by Princess Amal Rakiah to the Head of IKN Authority, Bambang Susantono, in the presence of President Jokowi. Regarding the investment commitment in IKN, Ryada Holding Investment Group, as the Investment Consortium, has signed a Letter of Intent (LoI) for two housing projects worth Rp4-7 trillion. After the meeting, the Investment Consortium handed over the letter of interest, done by Princess Amal Rakiah, to the Head of IKN Authority, Bambang Susantono.On the occasion, President Jokowi presented the investment potential and the government's plans for developing IKN."I want to talk about the Capital City of Nusantara. This is a strategic agenda for Indonesia and part of the Indonesia Emas 2045 mission, which has been approved by parliament, with a law passed by 93 percent of the votes," said the President.Jokowi mentioned that the core development of IKN has reached 70 percent, targeting completion by mid-2024. Additionally, numerous investments have already been initiated, marked by groundbreaking ceremonies for 13 projects, including three hospitals, five hotels, two malls, a football training center, and the Nusantara Superblock in an integrated area with a five-star hotel, entertainment venues, and a shopping center."I hope the interest in investment from Your Highness can be realized soon. Thank you," the President concluded.

KAI denies data breach despite hacker claims

State-owned railway operator PT Kereta Api Indonesia (KAI) has dismissed any data leakage despite claims by a group of hackers that they had accessed sensitive data belonging to the company, including information about employees and customer details.

CELIOS questions regions’ readiness on energy transition

The Center of Economic and Law Studies (CELIOS) has assessed the readiness of regions in Indonesia to embrace energy transition, highlighting low utilization of environmentally friendly energy sources.

Study reveals aging weapons systems in Indonesia’s military

A study conducted by Indonesia's Laboratory 2045 (LAB 45), based on data from IISS Military Balance, indicates that the majority of Indonesia's primary weapons systems fall into the category of older generations.

Indonesia secures US$30.3 billion investment in energy and mining sector in 2023

Minister of Energy and Mineral Resource Arifin Tasrif said Indonesia booked US$30.3 billion investment in the energy and mining sector throughout 2023, an increase by 11 percent from the previous year.

PLN to illuminate Lampung with 2 mini-Hydro Power Plants

In a strategic move toward sustainable energy practices, State electricity company PT PLN has recently achieved a milestone by commissioning two units of the Besai Kemu Mini-Hydro Power Plant (PLTM) in Lampung.

National energy policy regulation towards June 2024 Completion

Govt focuses on progress, challenges in Trans Kalimantan gas pipeline project

Navigating the intricate landscape of energy infrastructure projects, the Ministry of Energy and Mineral Resources (ESDM) finds itself at a crossroads with the Trans Kalimantan Gas Pipeline Project after the project endeavor languishes in a state of prolonged stasis.

Critic says bioenergy implementation a false solution

Amalya Reza Oktaviani, Program Manager for Bioenergy at Trend Asia, has suggested that bioenergy is not the primary solution for a just energy transition, even considering it as a false one.

President Jokowi-PDI-P relation increasingly tenous and distant

The relationship between President Joko “Jokowi” Widodo and the Indonesian Democratic Party of Struggle (PDI-P) has become increasingly tenous and distant following his absence at the celebration of the party's 51th anniversary in Jakarta on Wednesday.