#Government
Airlangga invites greater Saudi investment in meeting with Ambassador Faisal
Coordinating Minister for the Economy, Airlangga Hartarto, invited greater investment from Saudi Arabia during a meeting with Saudi Ambassador to Indonesia Faisal bin Abdullah Al-Amudi in Jakarta on Monday, July 29, 2024.
Luhut: Indonesia committed to CCS industry development
Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, says that the Indonesian government is committed with its decarbonization initiative in line with Presidential Regulation No. 14/2024 on Carbon Capture Storage (CCS).
Govt secures significant investment in 1st semester 2024, creates 4.7 million jobs
Ahead of the end of President Joko Widodo ‘s term in office, Indonesia booked significant investment realization of Rp 428.4 trillion (US$26.3 billion) in April-June 2024, a 6.7 percent increase from the January-March 2024 figure and a 22.5 percent increase in comparison with the same period of 2023.
Concerns raise over fiscal sustainability as debts near Rp9,000 trillion mark
The government is starting to be careful about Indonesia's future debt position which has the potential to reach Rp9,000 trillion (US$552.5 billion) due to large principal and interest payments, accompanied by the withdrawal of new debt in 2024.
Indonesia to establish electric vehicle battery research center in Morowali
The Ministry of Maritime Affairs and Investment has announced the establishment of a major electric vehicle (EV) battery research center in Morowali, Central Sulawesi, highlighting the nation's ambition to lead in the EV industry.
Indonesia explores electric vehicle collaboration with African nations
Luhut Binsar Pandjaitan, Coordinating Minister for Maritime Affairs and Investment, says that he has initiated discussions with several African countries to explore collaboration opportunities in the electric vehicle (EV) sector.
Local community complains about farm road grab case in Morowali
A dozen of resident representatives grouped under the United Ambunu Forum of West Bungku District, Morowali Regency, along with activists of the Indonesian Forum for the Environment (WALHI) Central Sulawesi chapter, have complained to the National Human Rights Commission (Komnas HAM) and the Ombudsman over the claim made by a Chinese nickel smelter company on a farm road in the regency.
Bahlil welcomes Muhammadiyah’s decision to accept mining concession
Minister of Investment /Head of Investment Coordinating Board (HKPM), Bahlil Lahadalia, welcomes the decision by Muhammadiyah to receive government's offer of coal mining concession.
Indonesia to supply EV battery components to Tesla starting January 2025
The Indonesian government is reportedly in the process of reducing the portion of shares of Chinese companies in Indonesian nickel smelter projects, a maneuver believed to ensure the domestic downstream nickel ore industry to access the United States (US) government’s electric vehicle subsidies.
Indonesia allocates Rp71 trillion for free nutritious meal program
The Indonesian government has allocated Rp71 trillion (US$4.3 billion) for a new program to provide free nutritious meals for children and pregnant women, a figure significantly lower than the Rp400 trillion-Rp450 trillion proposed during President-elect Prabowo Subianto's election campaign.
PMSol seals deal with two Malaysian manning agencies
PT Pertamina Marine Solutions (PMSol), a subsidiary of PT PERTAMINA Trans Kontinental, has expanded its business by signing a strategic cooperation or Memorandum of Understanding with two Malaysian manning agencies on July 23, 2024.
Bahlil confirms massive layoff in textile sector
Minister of Investment/ Head of Indonesia Coordinating Board (BKPM) Bahlil Lahadalia has confirmed of massive layoffs in textile industry in several location in Indonesia’s West Java Province.