#Government
BP Taskin distributes quality rice seeds to farmer groups
Government continues to strive to boost food productivity by distributing superior rice seeds to the people of East Java, aimed at reducing poverty and hunger, particularly in rural areas.
Government told to favor community-based power plant development
In a condition where global funding and the government have more focus on large-scale power plants, community-based small-scale power plants have the potential to provide electricity for people in remote and underdeveloped regions, a study has revealed.
SKK Migas warns contractors of untapped work areas potential
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) on Friday, November 1, 2024, reassembled CEOs of oil and gas contractors (KKKS) for input sharing on products inventory and measures to increase volume of production.
Regulator, user, contractor discuss Abadi LNG Project development in Masela Block
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) and Oil&Gas Contractor INPEX Masela, LTD., a subsidiary of INPEX Corporation (INPEX), met along with the Maluku Provincial Administration on Wednesday, October 30, 2024, to discuss measures to develop the Abadi Gas Field Project in Masela Block.
Seskoau holds seminar on utilization of AI in defense affairs
The Indonesian Air Force Staff and Command School (Seskoau) held a seminar on the utilization of Artificial Intelligence (AI) in defense sector for the 61st batch of Student Officers at the Graha Widya Dirgantara Building in Bandung on Thursday, October 31, 2024.
Environment ministry targets coal-using industries to combat air pollution
The Ministry of Environment and Forestry (KLH) is set to regulate industries in the Jabodetabek area that continue to use coal-fired boilers for electricity production.
Indonesia seeks foreign investment to boost labor-intensive industries
Coordinating Minister for the Economy, Airlangga Hartarto, has announced plans to attract foreign investors to revitalize labor-intensive industries in Indonesia, aimed at capitalizing on opportunities from investors looking to relocate their operations here.
Indonesia on the first step towards BRICS membership: FM spokesman
Spokesman of the Indonesian Ministry of Foreign Affairs, Rolliansyah Soemirat, says Indonesia has automatically become an “interstate country” of the interstate association comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China, and the Republic of South Africa (BRICS) once it declared its intention at the recent Summit.
Power transfer: Lessons learned, optimism on new President
A national survey through Computer-Assisted Self Interviewing (CASI) system, held on September 19-23, 2024, showed a decline in approval rating of outgoing President Joko “Jokowi” Widodo, but exhibited optimistic views on the new State leadership under elected President Prabowo Subianto.
Freeport permit extension,more shares divestment to be executed next year
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has hinted that the government plans to grant the special mining business (IUPK) extension to PT Freeport Indonesia and acquire the additional 10 percent divestment share from the mining company early next year.“In shaa Allah [God Willing], the target to secure additional 10 percent shares and grant the permit extension can be completed next year. It depends on the results of Freeport’s communication with us,” Bahlil said on Thursday, October 31, 2024.He cited that he is currently waiting for results of the final negotiation with Freeport after a delay due to a minor fire incidents at its factory.“One their team is settled with the incident, we will start the talking again,” he said.Then President Joko Widodo has signed a government regulation that will allow PT Freeport Indonesia to submit for an extension of their Special Mining Permit (IUPK) after 2041. In exchange of the extension, Freeport MacMoran will divest 10 percent of its share to the Indonesian government.The government issued in May 2024 Government Regulation No. 25/2024, which is a revision to Government Regulation No. 96/2021 on the Implementation of Mineral and Coal Mining Activities.The revised regulation has articles 195A and 195B to complement the previous regulation. It opens up the opportunity for Freeport to apply for a license extension no later than one year before the end of the period of Production Operation activities.Bahlil said the permit extension will be good for Indonesia because currently 50 percent of the company shares already belong to Indonesian government. While the rest of the shares are owned by Freeport McMoran.PTFI signed the Contract of Work (CoW) in 1976 for 30 years and should have ended in 1997. Before the contract expired, PTFI discovered a bigger gold reserve at Grasberg mine. The company then submitted a second contract extension in 1991. The second contract has a clausal on divestment of 51 percent of the company’s shares to the Indonesian government.After a long negotiation, in 2018, Freeport-McMoRan announced that it divested its ownership in PTFI so that Indonesia could own 51 percent shares of the company. In return, the CoW was replaced by a Special Mining Business License (IUPK) with the mining rights to 2041 and that Freeport will build a new smelter.President’s U.S. visitBahlil said that as a technical minister on energy and mineral resources, he has the job to provide data on energy and mining issues for the President in his upcoming international trips in early November, including to the US.However, he said, he did not know wether the president will talk about Freeport issue with the U.S. government or not.
Indonesian Navy to have two Turkish-made rapid missile boats
The Indonesian Navy will soon have two Turkish-made Fast Missile Boats (KCR) to support the existing fleet of six missile boats produced by Indonesian State-owned shipbuilder PT PAL.
BI Governor highlights lack of Sharia investment liquidity
Governor of the Indonesian Central Bank (BI), Perry Warjiyo, said the US$5 billion issued by the government as green Islamic bonds (Sukuk) is still far from sufficient to meet the needs of safe sharia investment in accordance with Islamic principles in Indonesia.