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DPR eyes liberalization agenda with power wheeling scheme in renewable energy bill
The House of Representatives (DPR) received harsh criticism for its proposal to include power wheeling in the problem inventory list (DIM) during the deliberation of the renewable energy bill. Activists and experts have seen the power wheeling policy as a form of liberalization of Indonesia's power sector that only benefit private sector.
Coal, gold still dominate mining industry in 2023
The mining industry in Indonesia has been facing several challenges in recent years, including a fluctuating commodity market, environmental concerns and the uncertainty of regulations, which could be inconsistent. However, two mining commodities will still shine in 2023: Coal and gold.
10 most popular e-wallets among Indonesians
In this digital era, the volume of financial management instruments is increasing in Indonesia. Banking and/or non-banking institutions have issued various innovations to help the public manage their finances more efficiently. The presence of an e-wallet is a proof of its implementation.
Top 10 insurance companies in Indonesia
The insurance industry in Indonesia has been growing in recent years, due to the increasing awareness among the people on the importance of insurance. The government has also raised its efforts to increase insurance penetration in the country. The insurance industry is regulated by the Financial Services Authority (OJK) and comprises of both state-owned and private companies.
Luhut Pandjaitan's statement on KPK's caught red-handed operation sparks controversy
Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan considered the Corruption Eradication Commission (KPK)'s caught red-handed operation (OTT) has given a negative perception to the state. He said state officials were exposed to the antigraft body's caught red-handed operation because the state has not utilized the digital system to improve financial management at the regional and national levels.
Government to ban bauxite ores export starting June 2023
President Joko "Jokowi" Widodo announced that Indonesia would start banning the export of bauxite ores starting June 2023 to encourage the development of bauxite processing and refining industry at home. His statement came days after Indonesia filed an expected appeal against a World Trade Organization (WTO) panel ruling that was in favor of the European Union (EU) in a dispute over the ban on nickel ore exports.
Pertamina Hulu Energy, Pertamina Geothermal Energy to go public
The Ministry of State-Owned Enterprises has planned to launch an IPO for two state oil and gas giant PT Pertamina's subsidiaries, namely PT Pertamina Hulu Energy (PHE) and PT Pertamina Geothermal Energy (PGE).
Ministries have split opinions on Freeport smelter progress and export tax reduction
Gold and copper mining giant PT Freeport Indonesia (PTFI) has yet to receive export tax reduction for their copper concentrate export as Indonesian ministers have not agreed on the percentage of the company's smelter progress in Gresik, East Java.
Maung official cars await Pindad's production capabilities: Prasetyo
Minister of State Secretary Prasetyo Hadi has confirmed the plan by the government to use Maung cars produced by PT Pindad as official vehicles for ministers and state officials, apparently awaiting the readiness of the State-owned military vehicle manufacturer’s mass production capacity before making a final decision.
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.
Pertamina strengthens energy partnership with Tanzania through comprehensive collaboration
Indonesia bolsters energy cooperation between nations through PT Pertamina (Persero), the state-owned Indonesian oil and gas company, inked a groundbreaking exploration and production agreement with Tanzania Petroleum Development Company (TPDC), a state-owned enterprise from Tanzania. This landmark collaboration was formalized during the official visit of President Joko Widodo (Jokowi) to Tanzania.
PT Timah eyes Canadian company to develop rare earth minerals
PT Timah Tbk (TINS) is struggling to develop its rare earth mineral business due to various challenges, including a lack of partners, limited technology, and the need for significant funding.