#Government
Economist criticizes government-planned 12-percent VAT hike
An economist, who is also a member of the Prabowo Subianto-Gibran Rakabuming Raka National Election Team’s Expert Council, Drajad Wibowo, has warned against the potential backfire should the government continue with its plan to increase the Value Added Tax (VAT) by 12 percent next year.
Sea sand exports harm ecosystems, endanger the environment: Experts
The reopening of the sea sand export tap has stirred controversy in the society along with the issuance of Government Regulation (PP) No. 26/2023 on the Management of Sea Sedimentation.
Pelindo CEO: Jokowi's sea toll program has yet to bear fruit
The Sea Toll program initiated by President Joko “Jokowi” Widodo as a solution to reduce national logistics costs and strengthen maritime connectivity in his second term of government has yet to provide significant economic impact, a top company executive says.
Ministry stops the operation of two sand suction vessels in Batam waters
The Ministry for Marine Affairs and Fisheries has stopped the operation of two Singapore-flagged dredgers MV YC 6 and MV ZS 9 for alleged sand dredging and dumping without permit and proper documents in Batam waters, Riau Islands province.
Ministry: Beware of Indonesia’s increased control of global Nickel supply
A senior official at the Coordinating Ministry for Maritime Affairs and Investment has warned of the increasing Indonesia’s control of the global nickel supply from the current 60 percent to 75 percent by 2026.
Indonesia secures Rp479 billion in potential transactions at 21st China-ASEAN Expo
Indonesia showcased its economic prowess at the 21st China-ASEAN Expo (CAEXPO) recently held at the Nanning International Convention and Exhibition Center (NICEC) in Nanning City, Guangxi Zhuang Autonomous Region, from September 24 to 28, 2024.
Saleh Husin says palm oil downstreaming key to avoiding Middle income trap
Former Minister of Industry Saleh Husin has underscored the crucial role of palm oil downstreaming in preventing Indonesia from falling into the middle-income trap.
Prabowo wants food and energy self-sufficiency, warns of crises, geopolitical threats
President-elect Prabowo Subianto has put the emphasis on the vital lessons learned from the COVID-19 pandemic, stressing the necessity of Indonesia to secure its future by reducing dependence on imports, especially in sectors as critical as food and energy.
President Jokowi designates Batam, Banten as new Special Economic Zones
President Joko “Jokowi” Widodo has officially designated parts of Batam and several regions in Banten as Special Economic Zones (KEKs).
Prabowo: Free nutritious meal program to create captive market for farmers, producers
President-elect, Prabowo Subianto, has expressed his confidence that his "Free Nutritious Meal Program" will be one of the important pillars in realizing Indonesia's economic growth target of 8 percent.
Indonesia's Nickel dispute with the EU nears to an end as global dominance strengthens
The Coordinating Ministry for Maritime and Investment Affairs has announced that Indonesia's ongoing nickel dispute with the European Union (EU) at the World Trade Organization (WTO) is nearing to an end, largely due to Indonesia's dominant position in the global nickel market, which accounts for 60 percent of supply.
Mining consortium to invest in new capital Nusantara
Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia and Investment Minister Rosan Roeslani, accompanied by a group of prominent business leaders, met with President Joko “Jokowi” Widodo at the Presidential Palace in Jakarta on Wednesday, October 9, 2024 discussing investments in the new capital, Nusantara, in East Kalimantan.