#Government
China, Indonesia extend agreement on Belt and Road Initiative
China and Indonesia would conduct an in-depth and high-quality cooperation through the synergy of Belt and Road Initiative (BRI) and Global Maritime Fulcrum (GMF), leaders of both countries agreed on July 26, 2022.
Constitutional Court rejects petition to annul new capital law
The Constitutional Court panel of judges rejected a petition to annul the new capital law filed by several activists and intellectuals. The Court deemed that the deliberation of the capital law was in line with regulations and the Constitution.
Petitioners remain bleak that Constitutional Court grant their appeal on new capital law
Lawyer and petitioners of Indonesia's new capital believe the Constitutional Court will grant its verdict in favor of the government's mega project although they deem the law is flawed. The Court will announce on July 20, 2022, its verdict on the judicial review petition against Law No. 3/2022 on new capital city.
Indonesian lawmakers to pass new Criminal Code amid controversy
Despite strong criticism that some articles of the revised criminal code (KUHP) bill are undemocratic and suppress freedom of expression, Indonesia's House of Representatives (DPR) carries on its plan to deliberate the bill.
SOEs' subsidiaries continued to be IPOed, privatized amidst controversy
Several Indonesian state-owned enterprises (SEO) will go public in the next few years, according to a senior official. These SEOs include Inalum Operating, a subsidiary of state-owned mining company MIND ID, PT Pertamina Bina Medika (Pertamedika IHC), Pertamina Geothermal Energy, and several subsidiaries of Indonesia's state-run telecommunications company PT Telkom.
McMoran still controls Freeport Indonesia despite country's majority share
Despite the fact that the Indonesian government has acquired 51% of the gold and copper mining company PT Freeport Indonesia (PTFI), the control of the operation and the management of the company is still dominated by US shareholder Freeport McMoran.
Jokowi announces new trade, agrarian ministers as reshuffle deemed transactional politic
Indonesian President Joko "Jokowi" Widodo announced today June 15, 2022, a minor cabinet shake-up, a move that economists and political analysts see as transactional rather than an evaluation of his aides' performances.
Clouds hang over Indonesia new capital city despite government's strong commitment
The mega project of building Indonesia's new capital city in East Kalimantan is underway as the government has shown its strong commitment. However, many have doubted that the US$32 billion project would be materialized.
Global regulation of carbon market unfair: Investment minister
Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said the global regulation of the carbon market was unfair, considering the comparison between developed and developing countries in applying the regulation.
Indonesia Investment Authority secures IDR300 trillion in investment commitments
Indonesia Investment Authority (INA) has shown a strong performance in its maiden year of operation, securing around IDR300 trillion in investment commitments for 2021 in transportation, logistics, maritime, and digital infrastructure.
Businesses complain on bribery, conflict of interest in Indonesia
Businesspeople and investors continue to complain on rampant bribery practices and conflicts of interest within the Indonesian government.
Indonesia deploys its diplomatic resources to ensure G20 Summit success
Indonesia has mobilized its diplomatic resources to ensure that all member countries, including Russia, and guests, including Ukraine, will attend the G20 Summit despite boycott threat from the West. The outcome of the diplomacy cannot be predicted at this time, despite the efforts.