Politics
Dissecting the pulse of the nation’s politics, where power plays and policies collide in a fight for the future.
Ministry of Finance adjust export duty for mineral concentrates, impose higher tariffs
The Ministry of Finance (Kemenkeu) has officially released new regulations regarding export duties for mining exporters. This is stipulated in the Minister of Finance Regulation (PMK) No. 71 of 2023.
Ministry of Investment records five most favored region for foreign investment in first semester of 2023
The Ministry of Investment and the Investment Coordinating Board (BKPM) reported that during the first semester of 2023, West Java has been the main target for foreign direct investment (FDI).
Challenges remains for carbon exchange implementation in September, calling for a stronger regulation and supervision
The implementation of the carbon exchange in September 2023 will experience a number of challenges that must be corrected in terms of regulation and supervision.
World War II-era warship loaded with thousands of ammunitions discovered off the coast of Cilacap, Central Java, possibly the USS Langley
World War II era warships carrying thousands of ammunitions that sank in the waters of Cilacap, Central Java have yet to be identified. However, it is suspected that this is a US warship that sank during World War II.
Introducing Pemilu.AI, an artificial intelligence platform for legislative candidate to plan campaign
A generative artificial intelligence-based platform is being introduced in preparation for the upcoming 2024 elections. The platform, named Pemilu.AI, aims to assist legislative candidates at both the national and regional levels in campaigning.
Government obliges exporters to deposit foreign exchange earnings domestically for 3 months at least
The government is preparing several implementing regulation for Government Regulation No. 36 of 2023 concerning Foreign Exchange from Natural Resources Exports (DHE) (PP 36/2023), which replaces Government Regulation No. 1 of 2019.
Government plans debt write-off for small-medium enterprises
President Joko Widodo recently led a closed-door meeting to discuss the restructuring of credits for Micro, Small, and Medium Enterprises (MSMEs).
Jokowi carries out reshuffle close to his end of term, appoints Rosan Roeslani as deputy minister of state-owned enterprises
President Jokowi has carried out a reshuffle of his Indonesia Maju Cabinet as his term approaches its end in 2024.
Record high income inequality in Indonesia revealed, paylater debt trap and opportunity in business
The Gini ratio index in March 2023 illustrates that the gap in spending between the poor and the rich in Indonesia has increased and reached a record high in the last five years. However, it gives certain business opportunities such as the paylater business.
New Communication Minister appointed by Jokowi and come face to face with cybersecurity issues
Budi Arie Setiadi was sworn in on July 17, 2023 as the new Minister of Communication (Menkominfo) to replace Johnny Plate who was entangled in the Base Transceiver Station (BTS) case in May 2023, with a heavy burden to address national cyber security.
Indonesian Government takes action to boost revenue and combat obesity with excise tax on sweetened beverages
The government plans to impose an excise tax on sweetened beverages and plastics due to the increasing number of diabetes cases and tax shortfall.
OJK plans to increase minimum paid-up capital requirement for insurance companies
The Financial Services Authority (OJK) is set to introduce new regulations regarding the minimum capital requirements for insurance and reinsurance companies, both conventional and Sharia-compliant.