#Corporate
Meikarta mega project offers a rosy picture but consumers get a bleak future
Lippo Group mega project Meikarta in Cikarang, Bekasi regency, has been involved in legal battle with consumers due to the company's failure in delivering the property on time and the latter's alleged defamation.
Government's plan to ban copper exports may cause 40,000 jobless
The government's plan to fully ban the exports of copper concentrates has worried the Indonesian Mining Association (IMA) over the fate of around 40,000 workers in the industry. The IMA raised concern over the government's unlikeliness to complete the downstream industry before the planned deadline of June 2023.
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.
Indonesia, North Korea see declining trade relations
Indonesia and North Korea have seen a continuously declining trend in bilateral trades although both countries had a blossoming diplomatic relations during the Cold War. During Indonesia's First President Sukarno era, trade between the two countries had flourished and has been ongoing even until this day.
Morowali riot sets a time bomb for Indonesia’s nickel industry
The riot in PT Gunbuster Nickel Industri (GNI) on January 14, 2023, between domestic and Chinese workers has signaled an underlying structural problem in the unfair treatment of labors in the industry.
Civil society group accuses Amman Mineral for violating laws on CSR and manpower
A civil society group has accused gold and copper company PT Amman Mineral Nusa Tenggara (AMNT) for violating Law No. 4/2019 on Coal and Mineral and regulations on Corporate Social Responsibility (CSR) and manpower issues.
The state should serve as a mediator to prevent Morowali riot from recurring
The state should be present to mediate the workers and foreign investors in cases that could trigger violent acts such as the Morowali riot, which claimed two lives, and prevent the incident from recurring in the future. The root of the problems lies on inequality in working condition, job security, decent salary and social security between local and Chinese workers.
What to consider before investing in Special Economic Zone
The government has prioritized the development of Indonesia's Special Economic Zones (SEZs) in order to attract over US$ 50 billion in foreign investments over the next decade, according to aseanbriefing.com.
Digital cooperation between GCC countries and Indonesia
Indonesia and the Gulf Cooperation Council (GCC) countries have maintained their fruitful relations. The 6 GCC countries - comprising of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) - are looking to expand more on their digital cooperation with Indonesia.
Textile, furniture industries will not survive in 2023
Despite the Ministry of Industry's projected growth of 5.36% in the manufacturing, two industries will not survive in 2023: Textile and garment as well as furniture and craft.
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.