#Government
ESDM to set up fund management body to accelerate renewable energy growth
The Ministry of Energy and Mineral Resources (ESDM) is planning to establish a Public Service Agency (BLU) or a special body tasked to managed funds that will be used to accelerate growth of renewable energy power plants in Indonesia.
Bappenas prepares ecosystem to boost circular economy in Indonesia
The Ministry of National Development Planning (PPN)/National Development Planning Agency (Bappenas) is preparing an ecosystem to effectively implement circular economy, which has the potential to contribute up to Rp500 trillion (US$30.7 billion) to the Indonesian economy.
Shopee and Shopee Express sign ‘Behavioural Change Integrity Pact’
PT Shopee International Indonesia (Shopee) and PT Nusantara Ekspres Kilat (Shopee Express) signed an Integrity Pact concerning alleged violation of Article 19 letter d and Article 25 paragraph (1) letter a of Law No. 5/1999 Related to Delivery Services (Courier) on the Shopee Platform in the Assembly Session of the Business Competition Supervisory Commission (KPPU) on Tuesday, July 2, 2024.
Indonesia's government debt rises significantly on monthly, yearly basis
Indonesia's government debt has continued to increase significantly on both a monthly and yearly basis, primarily driven by the issuance of government securities (SBN), especially domestic SBN.
Indonesia to hold Super Garuda Shield joint military exercise next month
The Indonesian military (TNI) is preparing for the Super Garuda Shield joint military exercise that will be held from August 26 - September 5, 2024 in three locations − Situbondo in East Java, Karawang in West Java and Batu Raja in South Sumatra.
PIEP opens Middle East branch in search of new oil & gas blocks
PT Pertamina International EP (PIEP) − an international upstream subholding of the State oil and gas company Pertamina − has expanded its operation in the Middle East, opening a branch office in Dubai, the United Arab Emirates, on Tuesday, July 2, 2024.
Luhut: Indonesia poised to become key player in EV global supply
In an effort to meet global demand for electric vehicles, the Governments of Indonesia and South Korea inaugurated the Battery and Electric Vehicle Ecosystem in Karawang, West Java, on Tuesday, July 2, 2024.
Indonesia signs MOU with Australia on energy transition cooperation
Dadan Kusdiana, Secretary General of the Ministry of Energy and Mineral Resources (ESDM) and David Fredericks, Secretary of the Australian Department of Climate Change, Energy, Environment & Water (DCCEEW) on Tuesday, July 2, 2024,signed a Memorandum of Understanding (MOU) on efforts to strengthen bilateral cooperation on energy transition.
KPK deputy admits failure in anti-corruption campaign
Alexander Marwata, Deputy Chairman of the Corruption Eradication Commission (KPK), has admitted his personal failure in combating corruption during his eight-year tenure at the anti-graft agency.
MIND ID officially the largest PT Vale Indonesia’s shareholder
JAKARTA − State-owned Mining Industry Holding Company, PT Mineral Industri Indonesia ("MIND ID"), has completed the purchase of approximately 14 percent ofthe divested shares of PT Vale Indonesia from Vale Canada Limited ("VCL") and Sumitomo Metal Mining Co., Ltd. ("SMM").
Majority of mining commodity export prices rise in July 2024
The Ministry of Trade has reporeds that the prices of most mining commodities subject to export duties have increased due to rising global demand, influencing the export reference prices (HPE).
Bahlil: Gresik smelter makes electric battery ecosystem in Indonesia more complete
Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said the latest copper smelter built by PT Freeport Indonesia (PTFI) will further strengthen the electric battery ecosystem in Indonesia.