#Government
Boy Thohir: Djarum, Sampoerna, and Adaro to help Prabowo win the election
President Director of Adaro Energy Indonesia Garibaldi Thohir said Djarum Group, Sampoerna Strategic Group, and Adaro Group are ready to help Prabowo Subianto-Gibran Rakabuming Raka to win the 2024 presidential election.
Ganjar-Mahfud affirms commitment to food estate program with adjustments
The National Election Winning Team (TPN) for Ganjar Pranowo-Mahfud has revealed that the candidate pair for president and vice president, number 3 on the ballot, will continue the food estate program initiated by the Joko Widodo administration.
Analysis of 2nd VP debate: Fierce verbal attacks and rebuttals
The second debate session of the three vice presidential candidates, or the fourth debate of a total of five debate sessions for the 2024 presidential election turned to be a fierce sequence of event, with each candidate presenting their vision and mission that promote sustainability of the nature as an important foundation in their work programs.
Mahfud: illegal mining mafia shielded by officials, authorities
Speaking before the 2024 Vice Presidential Debate on Sunday, January 21, 2024, third vice-presidential candidate Mahfud MD unveiled the prevalence of numerous illegal mining mafias being shielded or supported by officials and authorities.
Challenges for renewable energy projects: TKDN regulations
The Ministry of Energy and Mineral Resources (ESDM) reveals that a considerable number of new renewable energy projects are encountering setbacks during the negotiation phase of power purchase agreements (PPA).
Govt rediscusses tax incentives amidst increased entertainment tax
President Joko 'Jokowi' Widodo has summoned several Cabinet ministers to discuss the significant increase in specific goods and services tax (PBJT) in the entertainment sector, particularly in businesses such as nightclubs, karaoke lounges and spas.
Candidates walk a different path in their debate preparations
The three candidates for vice presidency will meet again on Sunday, January 21, 2024 for a second round of debate organized by the General Elections Commission (KPU), with each of them taking a different path in their preparations.
BPK finds State losses of IDR 2.7 trillion in Pertamina’s LNG procurement, acquisition
The Supreme Audit Agency (BPK) has completed the calculation of state losses in the alleged corruption case related to the procurement of liquefied natural gas (LNG) and the Maurel & Prom acquisition by Pertamina.
Industry ministry imposes stricter regulations on Iron and Steel imports
This policy change is an amendment to the previous regulation, Minister of Industry Regulation No. 4/2021, which outlined the procedures for issuing technical considerations for the import of iron or steel, alloy steel, and its derivatives. Every business entity engaged in the importation of iron and steel, whether as a producer importer (API-P) or a general importer (API-U), must now obtain an Import Approval (PI) through Technical Consideration.
OIKN hints of increased investment interest amidst 2024 Election buzz
The Capital City Authority of Nusantara (OIKN) announces a continuous increase in investment interest through the submission of Letters of Intent (LoIs) for the development of the Nusantara Capital City, despite the 2024 General Elections preparation.
Protests arise over significant entertainment tax hikes in Indonesia
Recent increases in entertainment taxes ranging from 40% to 75% have sparked criticism from various quarters, including renowned dangdut singer Inul Daratista, prominent lawyer Hotman Paris, and spa business owners.
Jokowi brings home Rp7 Trillion investment souvenirs for IKN
President Joko “Jokowi” Widodo has secured investments of US$300-450 million, approximately Rp7 trillion, from a consortium of Brunei Darussalam investors for the development of the Capital City of Nusantara (IKN).The investment commitment from Brunei entrepreneurs was obtained during Jokowi's visit to Brunei Darussalam. The investment commitment was conveyed by Princess Anak Putri Hajjah Amal Rakiah, the sister of Sultan Hassanal Bolkiah, who led a delegation of investors to meet President Jokowi at Assaara Guest House in Bandar Seri Begawan on Saturday, January 13, 2024.Indonesian Ambassador to Brunei, Achmad Ubaedillah, said the written investment commitment for IKN was handed over by Princess Amal Rakiah to the Head of IKN Authority, Bambang Susantono, in the presence of President Jokowi. Regarding the investment commitment in IKN, Ryada Holding Investment Group, as the Investment Consortium, has signed a Letter of Intent (LoI) for two housing projects worth Rp4-7 trillion. After the meeting, the Investment Consortium handed over the letter of interest, done by Princess Amal Rakiah, to the Head of IKN Authority, Bambang Susantono.On the occasion, President Jokowi presented the investment potential and the government's plans for developing IKN."I want to talk about the Capital City of Nusantara. This is a strategic agenda for Indonesia and part of the Indonesia Emas 2045 mission, which has been approved by parliament, with a law passed by 93 percent of the votes," said the President.Jokowi mentioned that the core development of IKN has reached 70 percent, targeting completion by mid-2024. Additionally, numerous investments have already been initiated, marked by groundbreaking ceremonies for 13 projects, including three hospitals, five hotels, two malls, a football training center, and the Nusantara Superblock in an integrated area with a five-star hotel, entertainment venues, and a shopping center."I hope the interest in investment from Your Highness can be realized soon. Thank you," the President concluded.