#Government
Association calls for agency creation to combat Illegal drilling
The Association of Oil and Gas Companies (ASPERMIGAS) has proposed the formation of an agency under the Coordinating Ministry for Political, Legal, and Security Affairs to handle the problem of rampant illegal drilling in a number of Indonesian regions for decades.
Pertamina NRE-PIS strike a deal on green hydrogen collaboration
A subsidiary of state owned energy Pertamina, Pertamina New & Renewable Energy (Pertamina NRE) has set up a cooperation with PT Pertamina International Shipping (PIS), Pertamina's Integrated Marine and Logistics Sub Holding, to develop a transportation business, particularly related to the transportation of green hydrogen and other sustainable fuels.
Indonesia, EU, IOM launch Risk Index data tool on climate-induced displacement
The Indonesian government, the European Union, and the International Organization for Migration (IOM) have launched Risk Index for Climate Displacement (RICD), a data tool designed to provide operational foresight to anticipate, reduce, and respond to climate-induced displacement.
Government optimistic with 8-percent economic growth target
The government is optimistic that the eight-percent economic growth target set by President-elect Prabowo Subianto is achievable in view of the scenario of the National Long-Term Development Plan (RJPN) Golden Indonesia 2045.
EU provides €1 million to address climate-induced displacement in Indonesia
The European Union has allocated €1 million (Rp16.9 billion) to fund the Risk Index for Climate Displacement (RICD) initiative in Indonesia, which is aimed at addressing and reducing the impact of climate-induced displacement.
Airlangga and Sri Mulyani clarify formation of National Revenue Agency
Coordinating Minister for the Economy Airlangga Hartarto and Minister of Finance Sri Mulyani Indrawati have addressed recent reports regarding the formation of the National Revenue Agency (BPN), rumored to be part of Prabowo Subianto’s upcoming administration.
Separation of ministries expected to have minor impact on business players
The separation of the Ministry of Tourism and Creative Economy into two distinct entities is not anticipated to significantly affect the tourism industry, according to business leaders.
Investment realization grows steadily, Indonesia consistent in downstreaming: Rosan
The investment realization report for third quarter of 2024 has revealed positive trend in investment realization in the country, which is in line with the World Bank's projection that Indonesia's economic growth will be around 5.0 percent this year.
President-elect asked to care for community, environment at downstream nickel industry
The National Conference on Critical Minerals Indonesia (KNMKI), held on October 9-10, 2024, has produced a joint communiqué that calls on all stakeholders in the critical minerals sector, particularly nickel, to prioritize human rights of the marginalized social groups and sustainable environment and social governance.
There is still room for cuts despite benchmark interest rate at 6%: Researcher
A researcher has assessed that there is room to cut the BI-Rate until the end of 2024 although the Indonesian Central Bank (Bank Indonesia or BI) has decided to maintain the benchmark interest rate at six percent in October 2024.
Jokowi: Herindra’s appointment as BIN chief upon Prabowo's request
President Joko “Jokowi” Widodo has come clear in regards with the leadership change in the country’s top intelligence body, the State Intelligence Agency (BIN), which was held at the end of his term in office.
Indonesia to boost agricultural industrialization, focusing on seaweed development
The government of President-elect Prabowo Subianto is set to enhance its industrialization strategy by focusing on agricultural commodities, particularly seaweed, a Cabinet minister says.