#Indonesian Government
Indonesia, eight other nations granted BRICS partner status
Yuriy Ushakov, Russian Presidential Aide, said on Monday, December 23, 2024 that Indonesia and eight other countries officially have the status of BRICS (Brazil, Russia, India, China, South Africa) partner countries.
Defense minister discusses maritime defense build up with Navy chief
Minister of Defense Sjafrie Sjamsoeddin met with Navy Chief of Staff Admiral Muhammad Ali on Monday, December 23, 2024, discussing measures to strengthen the country's sovereignty in the maritime defense sector.
Study reveals negative impacts of tax incentives for plastic industry, need of transparency
A number of tax incentives enjoyed by the plastic industry are considered to have negative impacts on the environment and state revenues according to a recent study by The Prakarsa.
PDI-P confirms support, offers mitigating steps against impacts of VAT rate hike
Chairman of the Budget Committee (Banggar) of the House of Representatives (DPR), Said Abdullah, announced the Indonesia Democratic Party of Struggle’s (PDI-P) support for the government’s plan to increase Value Added Tax (VAT) rate to 12 percent starting January 2025.
Indonesian-Russian navies hold 3rd Navy-to-Navy Talks in Russia
The Indonesian Navy and its Russian counterpart held the 3rd Navy-to-Navy Talks (NTNT) at the Central Naval Museum, St. Petersburg, Russia, on December 19, 2024.
Sixty textile companies may go bankrupt amid import regulation controversy
The Ministry of Manpower noted that 60 textile companies may soon go bankrupt after being severely hit by financial problems since 2023 and due to the issuance of import regulations.
Political parties wrangle about government’s planned VAT increase
Controversy over the planned increase in the Value Added Tax (VAT) rate from 11 percent to 12 percent which will take effect starting January 1, 2025 heightens, with political parties blaming each other for differences in position towards the government’s policy
SUN Energy-SMBC set up partnership to speed up energy transition in Indonesia
Solar energy developer PT Surya Utama Nuansa (SUN Energy) has established partnership with PT Bank SMBC Indonesia (SMBC Indonesia) through the provision of a US$10 million Multi Option Trade Facility for the procurement of raw materials and expansion of solar energy projects in the commercial and industrial (C&I) sector.
Ministry: Indonesia still lacks technology, capital to develop downstream industry
Despite its abundant mineral resource, Indonesia still lacks in term of technology and capital to develop its mineral downstream industry, a senior ministry official says.
Rosan secures US$7.46 billion in investment commitments from Chinese firms
The recent meetings of Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan P. Roeslani with eight Chinese giants in the electric car ecosystem in China on December 18-20, 2024 had resulted in a total new investment commitment of US$7.46 billion (Rp120 trillion).
Half a Century of SMBR: Looks to the future amidst pressured national cement industry
Cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia Group (SIG), is determined to focus on strategic measures to keep up its competitiveness and operational sustainability as well as manage excess production capacity, tight competition and the need for efficiency.
PT PGN LNG Indonesia joins North Papua gasification development project
PT PGN LNG Indonesia, as part of Pertamina's Gas Subholding, has joined the development of a gasification project in North Papua, intended to strengthen the gas supply chain through the development of LNG infrastructure for power plants in the region.