#Government
Russia's offers cheap oil to Indonesia sparks pro and contra issues
Tourism and Creative Economy Minister Sandiaga Salahuddin Uno said that Russia offered Indonesia 30 percent lower oil prices than the international market and that India had previously purchased the oil from Russia. Sandiaga said President Jokowi wanted to accept the offer but several ministers refused because purchasing Russian oil would result in a U.S. embargo.
Government's Plan to Increase Fuel Prices, Inflation threat still waiting
Maritime Affairs and Investment Coordinating Minister Luhut Binsar Pandjaitan, in a virtual public lecture at Hasanuddin University on Friday, said that next week President Jokowi would announce the decision on whether the government will increase the prices of subsidized fuel types of Pertalite and Solar. He said the option to increase the fuel price is needed because the fuel price in Indonesia is below its economic price due to the subsidy by the government. On the other hand, world oil prices have increased.
The distribution of targeted energy subsidy programs using the Integrated Social Welfare Data (DTKS)
Arifin Tasrif, Minister of Energy and Mineral Resources (ESDM) stated that he strongly supports the distribution of targeted energy subsidy programs through the Integrated Social Welfare Data (DTKS). He claims that DTKS can be used to buy fuel and distribute direct cash assistance (BLT).
Indonesia accelerates, boosts development of new capital in East Kalimantan
The Public Works and Public Housing (PUPR) Ministry is currently constructing the Sepaku ring road as the main access road to Nusantara, Indonesia's new capital, in East Kalimantan. The average physical progress has now reached 77%.
Indonesia to develop Membramo hydropower plant for smelter industry
President Joko "Jokowi" Widodo has ordered Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan to develop two biggest hydropower plants in Indonesia in Kayan River, North Kalimantan, and Membramo River, Papua, to help smelter industry in both areas. However, the project has yet to attract foreign investors.
Indonesia's downstream mineral industry ambitions still have a long way to go
Indonesian authorities are optimistic about developing the downstream mineral industry and prohibiting the export of raw minerals. The downstream sector, however, has a long way to go, according to some industrialists and market players.
Prabowo Subianto ready to run for 2024 election after three failures
In response to the insistence of the Gerindra Party cadres, incumbent defense minister Prabowo Subianto has decided to run again as a candidate in the 2024 Presidential Election.
Indonesia to ban other raw mineral exports after nickel ore ban's success
Following the success of nickel ores export ban and the development of its downstream industry, the government will apply the same prohibition to ores such as copper, bauxite and tins.
Surveyor Indonesia verifies Freeport's smelter progress for export duty reduction
PT Surveyor Indonesia Tbk is verifying the progress of gold and copper mining company PT Freeport Indonesia (PTFI)'s smelter in Gresik, East Java. The verification is needed to decide if it has reached more than 30% progress as claimed by the Energy and Mineral Resources Ministry and the company itself. Based on the regulation, Freeport can secure export duty reduction from 5% to 2.5% if the progress on smelter is more than 30%.
Indonesia, US hold Super Garuda Shield amidst growing concern on China military rise
Indonesia, the United States and their 13 allies are holding a joint military drill that reflect their responses on the China's military rise. The Super Garuda Shield (SGS) exercise takes place on August 1-14, 2022.
Retired generals, Indonesia's intelligence, political elites and investors behind Papua's new provinces
The establishment of three new provinces in Papua is the result of vested interest of the military, political elites as well as foreign and local investors especially in the mining and plantation sectors, critics say. In addition to providing security and stability to the concession area, the creation of the new regions in Indonesia's easternmost province will facilitate the administration of investors' licenses.
Coal industry, pro-nuclear lobby 'hijack' Indonesia's renewable energy bill
The House of Representatives (DPR)'s intention to promote clean and renewable energy in a proposed bill has been "hijacked" by strong lobbies of coal industry and pro-nuclear parties, according to NGOs and experts. They said the bill has been strayed away from its real intention to promote renewable energy.