#Government
Domestic bankruptcy laws raises concern as cases surge
Indonesia's bankruptcy cases, both for listed and non-listed companies, have become a growing concern in the country. According to the World Bank's Ease of Doing Business (EoDB) report from 2020, Indonesia ranks 38th in the world in resolving insolvency issues, lagging behind regional peers such as Thailand (24th) and Singapore (27th).
Bank Indonesia and other government institutions joins global anti-money laundering tasks force (FATF) to enhance financial integrity
Indonesia through Bank Indonesia (BI) in conjunction with other various ministries and institutions has officially become the 40th full-fledged member of the Financial Action Task Force (FATF), a global organization dedicated to combating money laundering, preventing terrorism financing, and countering the funding of mass destruction weapons.
J&T Express unveils its approach in navigating through Indonesian investment regulations raising legal concerns
J&T Express boldly discloses its innovative approach to circumventing foreign investment regulations in Indonesia, raising legal questions and concerns among local legal experts.
Expert says Indonesia's road to 2045 development challenged by stagnant economy urged to prioritize dealing with poverty
Institute for Research on Economics and Society (LPEM) from the University of Indonesia (UI), has raised concerns about Indonesia's potential failure to become a developed nation by 2045.
Indonesia and India's G20 leadership marks positive shift in global governance
The September 2023 G20 Summit in New Delhi marked the conclusion of the Indian G20 presidency and the culmination of Indonesia's troika role, ushering in a new phase of global governance. Indonesia's presidency, which began in December 2021, was succeeded by India's leadership in December 2022.
President Joko Widodo signs MoUs with President Xi Jinping of China and the shifting focus belt road initiatives
President Joko 'Jokowi' Widodo of Indonesia held a bilateral meeting with President Xi Jinping of the People's Republic of China at the Great Hall of the People in Beijing discussing several important key issues one of which is energy.
Ministry of Energy and Mineral Resources plans to develop nuclear power plant amid regulatory adjustment
The Ministry of Energy and Mineral Resources (ESDM) in Indonesia plans to build a nuclear power plant (NPP) as part of its efforts to achieve the Net Zero Emission (NZE) target by 2060 or sooner. However, the construction of the NPP will require specific regulations, beyond the existing Nuclear Energy Law in Indonesia.
Government confirms continuation of Xinyi Group's investment in Rempang, Batam amidst concerns
Bahlil Lahadalia, the Indonesian Minister of Investment and Head of the Investment Coordinating Board (BKPM), has confirmed that the government will proceed with Xinyi Group's investment plans in Rempang, Batam, Kepulauan Riau.However, the government will prioritize the welfare and rights of the residents of Rempang in this investment process.
Indonesia seeks lithium and cobalt imports from Kazakhstan aiming to accelerate EV industry
Mochamad Fadjroel Rachman, the Ambassador of Indonesia to Kazakhstan has expressed its intention to purchase rare metals, particularly lithium and cobalt, from Kazakhstan to boost the production of electric vehicles and batteries.
Indonesia-Japan collaborates on Joint Crediting Mechanism (JCM) model project providing solar panels
A collaboration between the Japanese and Indonesian governments, under the Joint Crediting Mechanism (JCM) Model Project scheme, provides green energy ventures giving companies that participate do not need to bear investment cost.
Constitutional Court amends requirement for presidential and vice-presidential candidate
The Constitutional Court of Indonesia has partially granted a petition to review an article of Law No. 7 of 2017 concerning General Elections (Election Law), which governs the age requirement for presidential and vice-presidential candidates. The petition was registered with case number 90/PUU-XXI/2023 by Almas Tsaqibbirru Re A on August 3, 2023.
Foreign Ministry holds Indonesia-Europe and Latin American business forum
Businesspeople from Europe and Indonesia agreed to strengthen trade and investment cooperation. This commitment is reflected in the signing of 8 (eight) Memorandums of Understanding/ Letters of Intent on business cooperation in various sectors during the opening ceremony of the Indonesia-Europe Business Forum (IEBF), on October 17, 2023, at the Ritz Carlton Hotel in Jakarta. Tourism industry and creative economy sectors, as well as renewable energy, are among the areas of cooperation.