Tag: Government

State power utility PT PLN has voiced its readiness to support the government in creating a sustainable investment ecosystem for the sake of national economic growth. […]

Laode Masihu, a key member of the economic team for president-elect Prabowo Subianto and vice president-elect Gibran Rakabuming Raka, has highlighted data centers as a lucrative business model and a prime investment opportunity for the future. […]

President Joko “Jokowi” Widodo has called for an urgent increase in the country’s oil lifting amidst concerns over declining domestic production. He emphasized that the recent downward trend in oil lifting, also known as volume of oil transported, is placing financial strain on the nation as it leads to higher petroleum imports, depleting foreign exchange reserves. […]

An economist, who is also a member of the Prabowo Subianto-Gibran Rakabuming Rama National Election Team’s Expert Council, Drajad Wibowo, has warned against the potential backfire should the government continue with its plan to increase the Value Added Tax (VAT) by 12 percent next year. […]

The reopening of the sea sand export tap has stirred controversy in the society along with the issuance of Government Regulation (PP) No. 26/2023 on the Management of Sea Sedimentation. […]

The Sea Toll program initiated by President Joko “Jokowi” Widodo as a solution to reduce national logistics costs and strengthen maritime connectivity in his second term of government has yet to provide significant economic impact, a top company executive says. […]

The Ministry for Marine Affairs and Fisheries has stopped the operation of two Singapore-flagged dredgers MV YC 6 and MV ZS 9 for alleged sand dredging and dumping without permit and proper documents in Batam waters, Riau Islands province. […]

A senior official at the Coordinating Ministry for Maritime Affairs and Investment has warned of the increasing Indonesia’s control of the global nickel supply from the current 60 percent to 75 percent by 2026. […]

Indonesia showcased its economic prowess at the 21st China-ASEAN Expo (CAEXPO) recently held at the Nanning International Convention and Exhibition Center (NICEC) in Nanning City, Guangxi Zhuang Autonomous Region, from September 24 to 28, 2024. […]

Former Minister of Industry Saleh Husin has underscored the crucial role of palm oil downstreaming in preventing Indonesia from falling into the middle-income trap. He emphasized the need to counter negative campaigns against palm oil, which are often spread by developed countries. […]

President-elect Prabowo Subianto has put the emphasis on the vital lessons learned from the COVID-19 pandemic, stressing the necessity of Indonesia to secure its future by reducing dependence on imports, especially in sectors as critical as food and energy. […]

President Joko “Jokowi” Widodo has officially designated parts of Batam and several regions in Banten as Special Economic Zones (KEKs). Sekupang and Nongsa in Batam, which cover a total area of 47.17 hectares, are now KEKs focused on international tourism and healthcare. […]

President-elect, Prabowo Subianto, has expressed his confidence that his “Free Nutritious Meal Program” will be one of the important pillars in realizing Indonesia’s economic growth target of 8 percent. […]

The Coordinating Ministry for Maritime and Investment Affairs has announced that Indonesia’s ongoing nickel dispute with the European Union (EU) at the World Trade Organization (WTO) is nearing to an end, largely due to Indonesia’s dominant position in the global nickel market, which accounts for 60 percent of supply. […]

Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia and Investment Minister Rosan Roeslani, accompanied by a group of prominent business leaders, met with President Joko “Jokowi” Widodo at the Presidential Palace in Jakarta on Wednesday, October 9, 2024 discussing investments in the new capital, Nusantara, in East Kalimantan. […]

President Joko “Jokowi” Widodo is set to inaugurate the new State Palace at Indonesia’s future capital, Nusantara, in East Kalimantan, tommorow, October 11, 2024. […]

Indonesian MInister of Finance, Sri Mulyani Indrawati, has underlined that the period of high central bank interest rates is not entirely gone eventhough the Federal Reserve cuts its Fund Rate by 50 basis points in September 2024. […]

President Joko “Jokowi” Widodo has expressed his confidence that Indonesia Indonesia will emerge as one of the world’s new economic powers. […]

President-elect Prabowo Subianto has to strengthen domestic investment in order to reduce Indonesia’s dependence on foreign capital investment and at the same tackle the problem of de-industrialization, economists have suggested. […]

Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has strongly refuted the allegations of forced labor in the country’s nickel industry. This comes in response to a report from the U.S. Department of Labor (US DOL), which listed Indonesian nickel as a product allegedly manufactured through forced labor. […]

The Indonesian Chamber of Commerce and Industry (Kadin) under the leadership of Chairman Anindya Bakrie has appointed two prominent young entrepreneurs, Raffi Ahmad and Clarissa Tanoesoedibjo, to key positions within its organizational structure. […]

The Indonesia-Europe Business Forum (IEBF) 2024, held on Monday, October 7, 2024, produced seven memorandums of understanding (MoUs)/Letter of Intent (LoIs) on cooperation between Indonesian and European companies with a total transaction value of US$11.07 billion (Rp174 billion). […]

The Indonesia South and Central Asia (Inasca) 2024 Business Forum, held in Jakarta on Monday, October 7, 2024, produced a number of trade and investment deals worth US$ 8.3 billion. […]

Youth empowerment takes center stage with Abcandra Muhammad Akbar Supratman, the son of Minister of Law and Human Rights and Gerindra Party politician, Supratman Andi Agtas, being elected as Deputy Speaker of the People’s Consultative Assembly (MPR). […]

Deputy Minister of Foreign Affairs, Pahala Mansury, says that Indonesia and countries in Central and South Asia have the potential to collaborate in several key sectors that are increasingly important. […]

Rusdi Kirana, co-founder of Lion Air Group, has been appointed as Deputy Speaker of the People’s Consultative Assembly (MPR) representing the National Awakening Party (PKB). Following his inauguration, Rusdi announced that he would focus on his new role in the MPR and take a step back from managing Lion Air Group. […]

The inauguration of 580 new members of the House of Representatives (DPR) for the 2024-2029 term on Tuesday, October 1, 2024 has sparked public scrutiny. Among the newly sworn-in legislators are several notable figures from the entertainment community, as well as numerous individuals with family ties to public officials and political elites. […]

Indonesia state power utility PT PLN is committed to continuously support the government’s efforts to reduce carbon emissions and increase economic growth through support for clean energy supply, with biomass energy ecosystem is key in encouraging these efforts. […]

The National Confederation of Workers’ Unions (KSPN) has reported the closure of seven textile and textile product (TPT) factories in Central Java from January to August, leading to over 11,340 workers being laid off as of Monday, September 9, 2024. […]

Economists have expressed their optimism of higher economic growth in the government of President-elect Prabowo Subianto, but differed on its percentage of achievement over technicalities. […]