Indonesian Political, Business & Finance News

Archive: 22 April 2025

6 articles found

Sugar Import Corruption Trial: Duty Exemption Granted for Investment, Not State Assignment, Witness Testifies

JAKARTA — In a continued hearing in the alleged sugar import corruption case involving defendant former Trade Minister Thomas Trikasih Lembong, also known as Tom Lembong, it was revealed that import duty exemption facilities were granted not on the basis of a state assignment, but rather in the...

Tegal Regency DPMPTSP Facilitates Resolution of Issues Facing Three Companies

SLAWI — The Ministry of Investment/BKPM has facilitated the resolution of problems faced by three companies in Tegal Regency. The facilitation was conducted for PT Sinar Sosro Gunung Slamet, Mutiara Cahaya, and PT SAS Kreasindo.

Indonesian Government Yet to Officially Respond to LG Consortium's Cancellation of Rp130 Trillion Battery Investment

JAKARTA, KOMPAS.TV - The Indonesian government has yet to issue an official statement regarding reports that a South Korean consortium led by LG has cancelled a massive investment worth Rp130 trillion. Deputy Minister of Energy and Mineral Resources (ESDM) Yuliot Tanjung stated that his office...

LG Energy Solution Withdraws Rp129 Trillion EV Battery Investment from Indonesia

JAKARTA, KOMPAS — South Korean company LG Energy Solution has reportedly withdrawn an investment worth hundreds of trillions of rupiah for an electric vehicle battery supply chain project in Indonesia.

Import Duty Exemptions Not Linked to State Assignments, Investment Ministry Official Testifies at Tom Lembong Trial

TEMPO.CO, Jakarta - Director of Business Facility Services at the Ministry of Investment and Downstreaming/BKPM, Roro Reni Fitriani, revealed that import duty exemption facilities for importation activities are granted in the context of capital investment, not based on state assignments.

Import Duty Exemptions for Sugar Limited to Production Machinery and Raw Materials, Official Testifies at Tom Lembong Trial

TEMPO.CO, Jakarta - Director of Business Facility Services at the Ministry of Investment and Downstreaming/BKPM, Roro Reni Fitriani, stated that the provision of import duty exemption facilities for sugar-producing companies applies only to production machinery and raw materials.