#Government
Indonesia cuts tax incentives to limit investment in lower quality nickel products
Indonesia has reduced tax incentives to restrict investment in lower-quality nickel products, including nickel pig iron (NPI) and second-class nickel ore processing products. The government has made the decision to make the most of its abundant nickel reserves and to encourage more high-value investments in the downstream.
U.S. investigates the venture between Ford, China's Zhejiang Huayou Cobalt and PT Vale Indonesia
U.S. Senator Marco Rubio asked the Biden administration to investigate Ford Motor Co's plan to partner with PT Vale Indonesia, and China's Zhejiang Huayou Cobalt in a $4.5 billion nickel processing facility in Indonesia for the production of EV batteries.
Government establishes task force to investigate suspicious IDR 349 trillion transactions in Finance Ministry
Coordinating Minister for Political, Legal, and Security Affairs Mahfud MD announced that the government has officially formed a high-level task force to supervise the handling and resolution of suspected money laundering in suspicious transactions worth IDR 349 trillion within the Finance Ministry.
KAI Commuter to purchase 16 new trains from INKA in IDR4 trillion investment
PT Kereta Commuter Indonesia (KCI) or KAI Commuter has prepared an investment of IDR 4 trillion for the procurement of 16 new trains produced by PT Industri Kereta Api (Persero) or PT INKA. This procurement will be operational in 2025-2026, according to the KAI Commuter VP Corporate Secretary Erni Sylviane Purba on Wednesday, May 3, 2023.
Indonesia collaborates with FAO, Australia to combat costly livestock disease
Indonesia has moved another step closer to eradicating costly livestock diseases such as lumpy skin disease (LSD) and foot-mouth-disease (FMD) with the help of the United Nations’ Food and Agriculture (FAO) and Australia.
DGT efforts to increase Indonesia's tax ratio up to 15%
The Directorate General of Taxes (DGT) intends to raise the present tax ratio to 15%, aligns with the global average. Indonesia's current tax ratio of 10.4% is still below the global average of 13.5%, as per the DGT. Indonesia is also trailing behind other nations in the ASEAN region; for instance, Thailand's tax ratio is at 14.5%, the Philippines at 14%, and Singapore at 12.9%.
Golkar shows signs of joining with Gerindra and PKB
As the 2024 Presidential Election draws closer, spokesperson for the Golkar Party Tantowi Yahya, stated that the party may join the coalition with the Great Indonesia Movement Party (Gerindra). The indication was apparent following a meeting between Golkar Party Chairman Airlangga Hartarto, Gerindra Chairman Prabowo Subianto, and Golkar senior politician Aburizal Bakrie.
Rise of illegal cigarettes sparks concern among businesses in Nusa Tenggara
The circulation of illegal cigarettes has increased in Lembata Regency, East Nusa Tenggara as of May 2, 2023. The rise of illegal cigarettes has caused unrest among the public, especially cigarette businesses who are losing money.
Jokowi invites six political party leaders to a meeting in State Palace
Indonesian President Joko "Jokowi" Widodo met with six political party leaders at the state palace on Tuesday, May 2, 2023. Present in the meeting were Golkar Party Chairman Airlangga Hartarto; Nation Awakening Party (PKB) Chairman Muhaimin Iskandar; Great Indonesia Movement (Gerindra) Party Chairman Prabowo Subianto, National Mandate Party (PAN) Chairman Zulkifli Hasan; United Development Party (PPP) Acting Chairman Muhammad Mardiono; and Indonesian Democratic Party of Struggle (PDIP) Chairwoman Megawati Soekarnoputri.
I am donating my body and soul to the nation: TNI Lieutenant General (Ret.) Muhammad Herindra
Lieutenant General (Ret.) Muhammad Herindra is the Indonesian Deputy Minister of Defense. He graduated from the Military Academy in Magelang, and later graduated from The Military College of Vermont-Norwich University USA, and the National Defense University USA. He is also the recipient of many accolades including the prestigious Bintang Yudha Dharma (Grand Meritorious Military Order Star). Herindra recently opened up to Indonesia Business Post about his deepest thoughts regarding his duty and how his experience in the field has shaped his personality and leadership style.
The New Capital City will be managed by a state-owned company like BUMN named BUMO, Minister says
There will be a State-Owned Enterprise under the New Capital City (IKN) Authority named Badan Usaha Milik Otorita (BUMO). BUMO will deal directly with the private sector, especially investors who want to inject funds into the IKN.
Alleged monopolies and drug rings in Indonesian prison involving Minister’s family
During an interview in a Youtube channel, Indonesian actor Tio Pakusadewo stated that there are various monopoly practices in the management of Indonesian prisons which involve many people, including prison guards and wardens. In addition, he revealed the existence of illegal drug network transactions in prisons, and drug factories in prisons. Tio also mentioned the involvement of a minister's son in the illegal business.