#Government
Danantara to manage up to US$35.2 B annually from extractive, alm oil levies
The Investment Management Agency Daya Anagata Nusantara (Danantara) is poised to become administrator of levies taken from extractive industries, particularly coal, nickel and palm oil, which are expected to generate funds for Indonesia’s transition from fossil fuels to clean and renewable energy.
Malaysia’s Thong Guan Industries confirms US$7 million investment in KIT Batang
Malaysian plastic packaging manufacturers, Thong Guan Industries Bhd., has confirmed its US$ 7 million (Rp115 billion) commitment to invest in the Batang Integrated Industrial Estate (KIT Batang) in Central Java, Indonesia.
Eramet keen in investing in Indonesia’s EV battery ecosystem, downstream processing
French multinational mining and metallurgy company, Eramet, has interest in supporting Indonesia’s Electric Vehicle (EV) battery ecosystem development and downstreaming processing.
Civil society coalition calls for transparency in “KUHAP” draft deliberation
Civil society coalition asks the House of Representatives (DPR), which is currently deliberating draft revision of the Criminal Code Procedures (KUHAP), to be transparent and involve the public in the KUHAP revision process.
Indonesia secures deal with Apple in investment negotiations
The Indonesian Ministry of Industry has secured a beneficial agreement with Apple following negotiations on the company's investment commitments for the 2023-2029 period.
Govt asked to impose strict punishment, major cleanup within Pertamina
An economist with Gadjah Mada University, Fahmi Radhi, asks the government to impose strict punishment and conduct a major cleanup within PT Pertamina to prevent future misconduct after the latest corruption scandal in the State energy company, resulting in State losses of approximately US$12.5 billion (Rp193.7 trillion).
Pros and cons, restraint mounted on birth of Danantara
Pros and cons, as well as restraint have mounted over the commitment of Indonesia’s newly established Daya Anagata Nusantara (Danantara) Investment Management Agency on transparency, financial sustainability, and freedom of political influence.
Unions concerned over Danantara launch amid layoffs in Electronics sector
The Labor Party and the Confederation of Indonesian Trade Unions (KSPI) embrace the birth of Danantara Investment Management Agency (BPI Danantara), but have doubts on the agency’s commitment to serve the Indonesian people, particularly the working class, given its leadership composition.
Conference calls for fair, transparent critical mineral supply chains
The growing global demand for critical minerals is driving a dual crisis − fragile supply chains and worsening socio-environmental risks − with weak planning and limited bargaining power among producing countries, disruptions in the supply of these minerals threatening the global energy transition, an international conference on critical minerals has revealed.
Bahlil defends substance of revised Mining Law
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has defended the revised Mining Law recenty ratified by the House of Representatives (DPR).
New mining law “threatens academic independence, prolongs fossil fuel dominance”
The recently approved revision of the Mining Law by the House of Representatives (DPR) has sparked concerns among academics and environmental advocates, alleging that it could compromise academic independence, force universities to align with mining industry interests, and slow down the country’s energy transition.
Coal power expansion risks undermining climate goals, up electricity costs
A recent analysis by Global energy think tank EMBER highlights that Indonesia’s National Electricity General Plan (RUKN) could significantly increase coal-fired power generation, jeopardizing its low-emission targets and Just Energy Transition Partnership (JETP) commitments while also driving up electricity costs.