#Government
BI expands QR code payment collaboration with Bank of Korea
The Indonesian Central Bank (BI) has broadened its international payment cooperation network by signing a Memorandum of Understanding (MoU) with the Bank of Korea (BoK) for QR code-based payments.
Pertamina NRE to support Bangladesh's energy transition
A subsidiary of state owned energy company Pertamina, Pertamina New & Renewable Energy (Pertamina NRE) and Coal Power Generation Company Bangladesh Limited (CPGCBL) have signed a Memorandum of Understanding (MoU) of 500 MW grid-connected solar PV project at Moheshkhali area of Cox’s Bazar, Bangladesh, and other parts of the country.
OJK supports Muhammadiyah’s move to establish, acquire Islamic Bank
The Financial Services Authority (OJK) has given the green light to the Muhammadiyah Muslim organization to establish or acquire an Islamic bank in Indonesia, citing the authority’s objective of fostering the growth of a robust and competitive Islamic banking industry.
PLN operates new 150 kV transmission for Ceria Group Smelter in Kolaka
State electricity company PT PLN energizes the first transmission line connecting its 150 kiloVolt (kV) Kolaka Substation in Kolaka regency, Southeast Sulawesi, with the substation of PT nickel mining company PT Ceria Nugraha Indotama (CNI), part of the Ceria Group.
ESDM ministry considers export relaxation for bauxite ores
The Ministry of Energy and Mineral Resources (ESDM) is considering possible relaxation for export of bauxite ores, an official said.
SOEs boost contributions to national economy, surpassing pre-pandemic levels
The Ministry of State-Owned Enterprises (SOEs) reports a steady increase in contributions from state-owned companies to the nation over the past five years, generating income of Rp2,516 trillion (US$155.5 billion) for the state through taxes, non-tax state revenues (PNBP), and dividends or profit shares.
Recovery of PDNS 2 services after hacking incident completed
Coordinating Minister of Political, Legal, and Security Affairs, Hadi Tjahjanto, has announced that the recovery operation by a joint team of the Ministry of Communication and Informatics, the National Cyber and Crypto Agency (BSSN), and PT Telkom has managed to restore the services by the Second Temporary National Data Center (PDNS 2) for a total of 86 services from 16 tenants that were previously disrupted by cyber hackers.
Govt dismisses planned purchase restriction of subsidized fuel on Aug. 17, 2024
Energy and Mineral Resources (ESDM) Minister Arifin Tasrif has dismissed reports that the government would start to impose restriction on purchase of subsidized fuel on the country’s 79th Independence Day celebration on August 17, 2024.
Indonesia has 3,686 GW renewable energy resource potentials: Kadin
Deputy chairperson for Maritime Affairs, Investment, and Foreign Affairs of the Indonesian Chamber of Commerce and Industry (Kadin), Shinta Widjaja Kamdani, says that Indonesia has investment opportunities and potentials in the renewable energy sector, being the second largest country with NBS (Nature Based Solutions) in the world after Brazil of up to 1.5 GtCO2/year.
Uncertainty surrounds capital’s move to IKN as Independence Day celebration nears
With the 79th Indonesia Independence Day celebration approaching in a month, rumors have emerged regarding President Joko “Jokowi” Widodo's potential delay in relocating his office to the new capital city, Nusantara (IKN).
Govt to issue permit extension for Freeport before End of Jokowi administration
The government will issue permit extension for PT Freeport Indonesia (PTFI) before the end of President Joko “Jokowi” Widodo administration in October 2024, said Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia on Thursday, July 11, 2024.
PLN secures US$185 million in 2025 for electricity generation in remote areas
The House of Representatives (DPR) on Wednesday, July 10, 2024, approved a proposal for State Capital Injection in 2025 for State utility company PT PLN amounting to Rp3 trillion (US$185 million) to support the company’s 100 percent Electrification Ratio and Village Electricity Ratio (RDB) as part of its commitment on energy justice, particularly in Disadvantaged, Frontier, and Outermost (3T) regions.