Tag: Government

Controversy over the planned increase in the Value Added Tax (VAT) rate from 11 percent to 12 percent which will take effect starting January 1, 2025 heightens, with political parties blaming each other for differences in position towards the government’s policy. […]

Solar energy developer PT Surya Utama Nuansa (SUN Energy) has established partnership with PT Bank SMBC Indonesia (SMBC Indonesia) through the provision of a US$10 million Multi Option Trade Facility for the procurement of raw materials and expansion of solar energy projects in the commercial and industrial (C&I) sector. […]

Despite its abundant mineral resource, Indonesia still lacks in term of technology and capital to develop its mineral downstream industry, a senior ministry official says. […]

The recent meetings of Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan P. Roeslani with eight Chinese giants in the electric car ecosystem in China on December 18-20, 2024 had resulted in a total new investment commitment of US$7.46 billion (Rp120 trillion). […]

Cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia Group (SIG), is determined to focus on strategic measures to keep up its competitiveness and operational sustainability as well as manage excess production capacity, tight competition and the need for efficiency. […]

PT PGN LNG Indonesia, as part of Pertamina’s Gas Subholding, has joined the development of a gasification project in North Papua, intended to strengthen the gas supply chain through the development of LNG infrastructure for power plants in the region. […]

The government must accelerate the process of converting kerosene to 3 kg Liquefied Petroleum Gas (LPG) for people in East Nusa Tenggara (NTT) province, in particular West Flores regency, for the sake of sustainable livelihood of the people and the government’s green energy target, an energy observer says. […]

Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani met with a number of giant Chinese companies within the electric vehicle (EV) ecosystem production chain during his visit to China on December 16-17, 2024. […]

The solo paintings exhibition entitled “Kebangkitan: Tanah Untuk Kedaulatan Pangan” (Resurrection: Land for Food Sovereignty) which was planned to be held at the National Gallery from December 20 to January 19, 2025, has finally been canceled. […]

The government will raise the export levy on crude palm oil (CPO) from 7.5 percent to 10 percent, aimed at supporting the financing for biodiesel subsidies, which will increase with the launch of the 40 percent biodiesel blend (B40) program starting January 1, 2025. […]

Police invesigators questioned former Minister of Communication and Informatics, Budi Arie Setiadi, over online gambling allegations involving employees of the ministry, now renamed Ministry of Communication and Digital Application. […]

Thai conglomerate Siam Cement Group (SCG) has unveiled strategic collaborative projects aimed at fostering an inclusive and sustainable green economy in Indonesia. […]

Ministry of Energy and Mineral Resources (ESDM) is targeting a 72 percent new and renewable energy (EBT) mix by 2060 in line with the previously set National Electricity General Plan (RUKN). […]

President Prabowo Subianto asks Indonesian citizens to strengthen national defense through real contributions in various aspects of life in order to realize an advanced Indonesia. […]

The Ministry of National Development Planning and GIZ Indonesia collaborate to address the system’s complex challenges of demographic shifts and sustainability of program funding. […]

A researcher has suggested the imposition of a transition period for the implementation of government-planned major reforms in the subsidized fertilizer distribution system. […]

The government has set an ambitious target to develop new and renewable energy (EBT) capacity of 103 Gigawatts in the next 15 years despite the realization of this target is hampered by the absence of regulations and supporting ecosystems. […]

Indonesia’s plan to increase the palm oil blend in biodiesel to 40 percent (B40) starting January 1, 2025 appears to be implemented gradually after industry players voiced the need for a transition period despite the government’s readiness for the policy rollout. […]

Eight residents of Rempang Island in Riau Islands Province were injured and dozens of motorized vehicles were damaged after dozens of people attacked local residents early Wednesday morning, December 18, 2024 over a land dispute in an investment project. […]

Coordinating Minister for the Economy, Airlangga Hartarto, has acknowledged that investment in Special Economic Zones (SEZs) in the tourism sector is still low due to minimum capital inflow as an impact of constraints on access to flight routes. […]

The Indonesian Central Bank (BI) has assessed that the trade balance surplus in November 2024 was positive to support the external resilience of the Indonesian economy. […]

The government has officially announced an increase in the Value Added Tax (VAT) rate from 11 percent to 12 percent which will take effect starting January 1, 2025. Ministry of Finance, Sri Mulyani Indrawati, assessed that Indonesia’s VAT rate is still relatively low when compared to other countries in the region and among G20 members. […]

The Indian Navy will participate in a naval multilateral exercise organized by Indonesian Navy that will be held in Bali in February next year, the Indonesian MIlitary (TNI) Headquarters has revealed. […]

The Institute for Energy Economics and Financial Analysis (IEEFA) has found that most renewable energy projects have not yet reached the power purchase agreement (PPPA) stage, despite being auctioned two years ago. […]

The Tanzanian government delegation met with the Ministry of Energy and Mineral Resources (ESDM) to discuss Pertamina’s investment plan in Tanzania and learn about processing Liquefied Natural Gas (LNG) with Indonesia. […]

The Indonesian Democratic Party of Struggle (PDI-P) has issued decrees that formalize dismissal of popular figures Joko “Jokowi” Widodo, Gibran Rakabuming Raka, and Bobby Nasution, along with 24 other cadres from the party’s membership after months of verbal noise in public. […]

Governor of the Indonesian Central Bank, Perry Warjiyo, highlights two main reasons that make Foreign Investment in Indonesia lagging behind fellow ASEAN member Vietnam. […]

The Indonesian Central Bank (BI) has reached a significant milestone in its digital rupiah initiative, known as Garuda Project, with the successful completion of its proof of concept (PoC) for the first phase. This achievement marks a critical step in BI’s efforts to explore the development of a central bank digital currency (CBDC) in Indonesia. […]

Minister of National Development Planning/Head of National Development Planning Board (Bappenas), Rachmat Pambudy, has revealed alarming levels of financial leakage in Indonesia, spanning all layers and sectors of governance. […]