#Indonesian Government
Eight injured over land dispute in Rempang Investment Project
Eight residents of Rempang Island in Riau Islands Province were injured and dozens of motorized vehicles were damaged after dozens of people attacked local residents early Wednesday morning, December 18, 2024 over a land dispute in an investment project.
Government to open direct flight routes to boost investment in tourism SEZs
Coordinating Minister for the Economy, Airlangga Hartarto, has acknowledged that investment in Special Economic Zones (SEZs) in the tourism sector is still low due to minimum capital inflow as an impact of constraints on access to flight routes.
Govt to set up MSME holding to strengthen supply chain, integrate with large industries
Maman Abdurahhman, Minister of Micro, Small, and Medium Enterprises (MSMEs) has revealed that the government is currently planning to form an MSME holding to create a domestic MSME supply chain.
Trade surplus strengthens economic resilience: BI
The Indonesian Central Bank (BI) has assessed that the trade balance surplus in November 2024 was positive to support the external resilience of the Indonesian economy.
Indonesia's 12 Percent VAT rate relatively low in the world: Government
The government has officially announced an increase in the Value Added Tax (VAT) rate from 11 percent to 12 percent which will take effect starting January 1, 2025. Ministry of Finance, Sri Mulyani Indrawati, assessed that Indonesia's VAT rate is still relatively low when compared to other countries in the region and among G20 members.
India to participate in multinational naval exercise in February
The Indian Navy will participate in a naval multilateral exercise organized by Indonesian Navy that will be held in Bali in February next year, the Indonesian MIlitary (TNI) Headquarters has revealed.
Slow renewable energy project negotiations potentially hinder 75 GW target
The Institute for Energy Economics and Financial Analysis (IEEFA) has found that most renewable energy projects have not yet reached the power purchase agreement (PPPA) stage, despite being auctioned two years ago.
Tanzania explores LNG investment, collaboration opportunities with Pertamina
The Tanzanian government delegation met with the Ministry of Energy and Mineral Resources (ESDM) to discuss Pertamina's investment plan in Tanzania and learn about processing Liquefied Natural Gas (LNG) with Indonesia.
PDI-P dismisses Jokowi, family members, cadres for going against the party line
The Indonesian Democratic Party of Struggle (PDI-P) has issued decrees that formalize dismissal of popular figures Joko “Jokowi” Widodo, Gibran Rakabuming Raka, and Bobby Nasution, along with 24 other cadres from the party’s membership after months of verbal noise in public.
Licensing the main obstacle in foreign invetsment’s decline: BI Governor
Governor of the Indonesian Central Bank, Perry Warjiyo, highlights two main reasons that make Foreign Investment in Indonesia lagging behind fellow ASEAN member Vietnam.
BI advances digital Rupiah initiative with completion of proof of concept
The Indonesian Central Bank (BI) has reached a significant milestone in its digital rupiah initiative, known as Garuda Project, with the successful completion of its proof of concept (PoC) for the first phase.
Bappenas identifies widespread financial leaks across sectors and levels
Minister of National Development Planning/Head of National Development Planning Board (Bappenas), Rachmat Pambudy, has revealed alarming levels of financial leakage in Indonesia, spanning all layers and sectors of governance.