Friday, July 12, 2024

Tag: Government

With the 79th Indonesia Independence Day celebration approaching in a month, rumors have emerged regarding President Joko “Jokowi” Widodo’s potential delay in relocating his office to the new capital city, Nusantara (IKN). […]
The government will issue permit extension for PT Freeport Indonesia (PTFI) before the end of President Joko “Jokowi” Widodo administration in October 2024, said Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia on Thursday, July 11, 2024. […]
The House of Representatives (DPR) on Wednesday, July 10, 2024, approved a proposal for State Capital Injection in 2025 for State utility company PT PLN amounting to Rp3 trillion (US$185 million) to support the company’s 100 percent Electrification Ratio and Village Electricity Ratio (RDB) as part of its commitment on energy justice, particularly in Disadvantaged, Frontier, and Outermost (3T) regions. […]
All nine factions in Commission VI of the House of Representatives (DPR) have expressed their support for the proposed US$2.73 billion State Capital Injection for State-owned Enterprises for the 2025 fiscal year. […]
The Coordinating Ministry for the Economy reported significant growth in the country’s metal industry, surpassing other sectors, thanks to downstream processing of raw materials. […]
The Ministry of Energy and Mineral Resources (ESDM) has announced the inclusion of nuclear power plants (PLTN) in Indonesia’s General Electricity Plan (RUKN) for 2033, signifying a new phase in power generation in the country. […]
State utility company PT PLN has since July 2, 2024, provided 18.58 Megavolt Ampere (MVA) of electricity to agribusiness company PT Sinar Mas Agro Resources And Technology (SMART) in Kotabaru regency, South Kalimantan, through captive power acquisition program. […]
The Ministry of Energy and Mineral Resources (ESDM) is set to offer 12 geothermal power plant (PLTP) projects to investors, with a total investment requirement of US$2.16 billion (Rp35.19 trillion). […]
Minister of Energy and Mineral Resources (ESDM), Arifin Tasrif, has revealed the nation’s decarbonization targets as stipulated in the draft revision of Government Regulation Number 79/2014 on National Energy Policy. […]
State electricity company PT PLN will provide green electricity to fashion company PT Fast Retailing Indonesia (UNIQLO) of 8,978 megawatt hours (MWh) through the Renewable Energy Certificate (REC) service as part of the commitment to support decarbonisation of the industrial sector in the country. […]
Minister of Manpower, Ida Fauziyah, has revealed that the Indonesian government is working to strengthen labor cooperation with the People’s Republic of China. […]
Over a hundred of workers of logistic and freight forwarding company PT Global Bintang Timur Ekspress (J&T Ekspress) staged a protest at the company headquarters in Jakarta on Tuesday, July 8, 2024, as a response to a series of violations of labor normative rights allegedly committed by the company. […]
Pertamina Hulu Rokan (PHR), a subsidiary of State oil and gas company Pertamina, is ready to increase oil production from Rokan Block through the development of Chemical Enhanced Oil Recovery (CEOR) upon securing approval on the Final Investment Decision (FID) for CEOR Minas by PHR President Director Ruby Mulyawan on June 30, 2024. […]
Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has clarified Indonesia’s plan to impose import duties of up to 200 percent on certain products, dismissing speculations that it is targeting certain countries. […]
The government, through the Ministry of Finance, is offering various incentives, including tax incentives for land and/or building investments in an effort to encourage investment in the new capital city of Nusantara (IKN). […]
Vietnam’s electric vehicle (EV) manufacturer, VinFast, which has entered Indonesia earlier this year, is setting up a new dealership in the Jakarta suburb of Depok and will soon invest US$1.2 billion to build a local assembly plant with a capacity of 60,000 cars per year. […]
The Ministry of Energy and Mineral Resources (ESDM) has launched a website − Renewable Energy Indonesia (REI) − in an effort to boost the interest of young Indonesians in the field of renewable energy. […]
The government has claimed that Germany ‘s chemical company BASF and French mining and metallurgical company Eramet did not withdraw from Sonic Bay Project, but only postponed their investment while considering the direction of global trade and market, a senior government officials says […]
Success of the development of Indonesia electric vehicle industry heavily depends on domestic demands, price difference between electric vehicle (EV ) and Non EV and the availability of EV infrastructure and after sales maintenance, a senior government official said. […]
Indonesia private mining service company PT Petrosea has signed an amendment and restatement of mining services agreement term sheet with PT Global Bara Mandiri, a subsidiary of PT Singaraja Putra, for overburden removal and coal getting at a mine area located in Central Kapuas district, Kapuas regency, Central Kalimantan, on July 3, 2024. […]
The Indonesian Ceramic Industry Association (Asaki) asks the government to impose an anti-dumping duty (BMAD) of up to 200 percent on ceramic imports from China, citing unfair trade practices. […]
The Ministry of Energy and Mineral Resources (ESDM) is planning to establish a Public Service Agency (BLU) or a special body tasked to managed funds that will be used to accelerate growth of renewable energy power plants in Indonesia. […]
The Ministry of National Development Planning (PPN)/National Development Planning Agency (Bappenas) is preparing an ecosystem to effectively implement circular economy, which has the potential to contribute up to Rp500 trillion (US$30.7 billion) to the Indonesian economy. […]
Commissioners of the General Elections Commission (KPU) have appointed Mochammad Afifuddin as Acting KPU Chairman, replacing Hasyim Asy’ari, who has been dismissed for ethical violations. […]
In a surprising revelation, hacker group Brain Cipher Ransomware has claimed that the second provisional National Data Center’s system was extremely easy to breach that they infiltrated the data center’s infrastructure in a remarkably short time. […]
PT Shopee International Indonesia (Shopee) and PT Nusantara Ekspres Kilat (Shopee Express) signed an Integrity Pact concerning alleged violation of Article 19 letter d and Article 25 paragraph (1) letter a of Law No. 5/1999 Related to Delivery Services (Courier) on the Shopee Platform in the Assembly Session of the Business Competition Supervisory Commission (KPPU) on Tuesday, July 2, 2024. […]
Indonesia’s government debt has continued to increase significantly on both a monthly and yearly basis, primarily driven by the issuance of government securities (SBN), especially domestic SBN. […]
The Indonesian military (TNI) is preparing for the Super Garuda Shield joint military exercise that will be held from August 26 – September 5, 2024 in three locations − Situbondo in East Java, Karawang in West Java and Batu Raja in South Sumatra. […]
PT Pertamina International EP (PIEP) − an international upstream subholding of the State oil and gas company Pertamina − has expanded its operation in the Middle East, opening a branch office in Dubai, the United Arab Emirates, on Tuesday, July 2, 2024. […]
In an effort to meet global demand for electric vehicles, the Governments of Indonesia and South Korea inaugurated the Battery and Electric Vehicle Ecosystem in Karawang, West Java, on Tuesday, July 2, 2024 […]