#Government
Prabowo discusses defense cooperation improvement with Malaysia
Indonesian Defense Minister and President elect Prabowo Subianto paid a courtesy call on Malaysian Prime Minister YM Dato' Seri Anwar Ibrahim on Thursday, April 4, 2024, discussing improvement for bilateral defense cooperation.
Minister reveals update on IKN basic infrastructure development
Minister of Public Works and Housing (PUPR) Basuki Hadimuljono has provided an update on the Nusantara Capital City (IKN) project development throughout 2023 to the Indonesian House of Representatives’ Commission V, highlighting the support for basic infrastructure development for the capital city at Rp24.97 trillion (US$1.7 billion).
Basuki's excellent performance could earn him a Cabinet seat again
Minister of Public Works and People's Housing Basuki Hadimuljono has the potential to serve once again in the Cabinet of the next government, says a House of Representatives (DPR) legislator.
ESDM minister defends Vale Indonesia’s contract extension
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has defended that the granting of permit extension for PT Vale Indonesia’s contract of work and its conversion into special mining business permit (IUPK) until 2035 is meant to give certainty for raw materials availibility for downstream industry.
Prabowo meets Japanese PM, discusses increased collaboration
Indonesian Defense Minister Prabowo Subianto paid a courtesy call on Japanese Prime Minister Fumio Kishida in Tokyo, Japan, on Wednesday, April 3, 2024, particularly discussing deeper defense cooperation between Indonesia and Japan.
Revision of Ande-Ande Lumut oil field development plan approved
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) along with Contractor Cooperation Contract (KKKS) Prima Energy Northwest Natuna Pte. Ltd. (PENN) has concluded discussions on the revision of the plan of development (PoD) I for the Ande-Ande Lumut (AAL) oil field. The revised PoD has been approved by Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif on March 5, 2024.
Vale to soon obtain 20-year contract extension
The process of issuing a special mining business license (IUPK) for PT Vale Indonesia (INCO) is nearing completion. The document for the 20-year contract extension will be processed by the Ministry of Investment.
Government debt reaches Rp8,319.2 trillion by February 2024
The government's debt has reached Rp8,319.2 trillion (US$522.3 billion) by February 29, 2024, an increase from the end of January, which amounted to Rp8,253.09 trillion. This government debt is equivalent to approximately 39.06 percent of the gross domestic product (GDP), continuing the all-time high trend.
Prabowo meets Chinese premier, defense minister at end of visit to China
Indonesian Defense Minister Prabowo Subianto separately met with Chinese Prime Minister Li Qiang and Defense Minister Admiral Dong Jun in Beijing at the end of his visit to China on Tuesday, April 2, 2024.
Prabowo discusses strengthening strategic partnership with President Xi Jinping
Indonesian Defense Minister Prabowo Subianto discussed measures to strengthen Indonesian-China bilateral strategic partnership during a meeting with Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, on Monday, April 1, 2024.
SKK Migas signals positive outlook for ONWJ cost recovery migration
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has signaled a positive outlook regarding the planned transition of the Offshore North West Java (ONWJ) Block contract scheme. This transition, from a gross split to cost recovery model, is poised to unlock new opportunities for investment, development, and growth in Indonesia's oil and gas sector.
Fincantieri, Indonesian defense ministry forge €1.18 billion deal for naval vessels
Italian shipbuilding company, Fincantieri, has joined forces with the Indonesian Ministry of Defense in a groundbreaking agreement worth €1.18 billion for the procurement of two cutting-edge PPA Units.