Indonesia Business Post

President Prabowo tells ministers to stick to the set budget

President Prabowo Subianto asks his Cabinet ministers to stick to the budget allocated by the government and should not ask for additional budgets to Finance Minister Sri Mulyani Indrawati.

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

Prabowo faces backlashes over porposal to grant clemency to corruptors

President Prabowo Subianto has been criticized over his idea of granting clemency to corrupters who are willing to return back the corrupted state assets.

Indonesia-Dutch collaboration brings back home looted historical artefacts

Indonesia embraces the return of plundered treasures and artefacts from the Dutch government, with about 828 cultural items having been returned to Indonesia from the Netherlands as of mid-December 2024, a recent report by The Straits Times reveals.

Indonesia faces shrinking middle class amid economic shifts: Report

Indonesia, the largest country in Southeast Asia, faces signs of a shrinking middle class as a result of the lingering effects on the economy since the Covid-19 Pandemic and a general shift in its economy, with automation in several sectors have been cited as reasons for the change, a recent report by ABC News reveals.

Greenpeace criticizes Prabowo administration, over climate environmental policies

Greenpeace Indonesia has raised concerns over the President Prabowo Subianto administration's commitment to addressing climate and environmental issues, citing its lack of concrete action despite public statements at international forums.

Yos Suprapto's solo paintings exhibition canceled

The solo paintings exhibition entitled “Kebangkitan: Tanah Untuk Kedaulatan Pangan” (Resurrection: Land for Food Sovereignty) which was planned to be held at the National Gallery from December 20 to January 19, 2025, has finally been canceled.

Bappenas and GIZ Indonesia push for social security reform

Indonesia’s National Social Security System (SJSN) is entering a pivotal stage as the Ministry of National Development Planning/National Development Planning Board (PPN/Bappenas) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Indonesia collaborate to address the system's complex challenges of demographic shifts and sustainability of program funding.

AGO denies naming Tom Lembong graft suspect as politically motivated

The Attorney General’s Office (AGO) has dismissed the speculations that the naming of former Trade Minister Tom Lembong as suspect in a corruption case related to sugar imports during his tenure as cabinet minister in 2015-2016 was politically motivated.

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