Indonesia Business Post

Basuki Hadimuljono to be inaugurated as IKN Authority chief soon

President Prabowo Subianto is expected to soon inaugurate Basuki Hadimuljono as Head of the Nusantara Capital City (IKN) Authority, formalizing the post of Acting Head of the Auhority, which he had held in the past few months after being appointed by then President Joko “Jokowi” Widodo in June 2024.

OJK cancels Investree's license, freezes CEO's accounts and assets

The Financial Services Authority (OJK) has revoked the business license of fintech company PT Investree Radika Jaya (Investree) for violations of the authority’s regulation.

Expert sends positive signals on Foreign Ministry team

An expert on International Relations has sent positive signals on a new leadership team at the Indonesian Ministry of Foreign Affairs, hinting at their understanding on President Prabowo Subianto’s vision and mission statements on the country’s foreign policy.

Economist supports favorable investment climate for energy self-sufficiency target

An economic expert has lent his support for President Prabowo Subianto government’s plan to leverage geothermal energy as a key component to achieve energy self-sufficiency in Indonesia, intending to offer incentives to attract investment in the sector.

Zulkifli Hasan targets food self-sufficiency by 2029, plans to utilize Papua's land

Coordinating Minister for Food Affairs, Zulkifli Hasan, has set a target to achieve national food self-sufficiency by 2029 and utilize idle land in Papua to meet the growing demand for food production.

Govt told to develop technology for energy self-sufficiency achievement

The administration of President Prabowo Subianto needs to secure new and renewable energy (EBT) technology in order to achieve energy self sufficiency and sovereignty, an expert says.

President Prabowo inaugurates ministerial-level officials at State Palace

President Prabowo Subianto inaugurated a number of ministerial-level officials for the 2024-2039 term in a ceremony held at the State Palace in Jakarta, on Monday, 21 October 2024.

Parliament, ministry asked to review ‘Power Wheeling’ scheme in EBT bill

Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has requested the parliament and the ministry to review the power wheeling scheme in the new and renewable energy (EBT) bill in regards with Law No. 30/2009 which stipulates that it is state owned power utility (PLN) that has authority to distribute electricity to the consumers in affordable price.

Analyst lends support on Herindra's appoitment as intelligence chief

An analyst has lent his support for the appointment of Lieutenant General (ret.) Muhammad Herindra as Head of the State Intelligence Agency (BIN), describing the move as an important strategy to strengthen the agenda of the Prabowo Subianto administration.

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