Indonesian Political, Business & Finance News

Archive: 13 May 2025

12 articles found

Djavino Group Vehicle Seized by Police Over Illegal Subsidised Diesel Purchase

KENDARI — A black open-cup vehicle belonging to Djavino Group, bearing the company's stickers, has been impounded at the Kendari City Police headquarters. The vehicle was found containing over a dozen jerry cans covered by a blue tarpaulin.

Series of Workplace Accidents at VDNI and OSS Prompts KSPN to Demand Total Management System Evaluation

KENDARI — A series of workplace accidents at PT Virtue Dragon Nickel Industry (VDNI) and PT Obsidian Stainless Steel (OSS) in Konawe over the past week have raised deep concerns. The Chairman of the Konawe branch of the National Workers' Union Federation (KSPN), Yopi Wijaya Putra, stated that...

Investment Ministry to Intervene in Extortion Case Targeting Chandra Asri Pacific

The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) will intervene in an extortion case targeting PT Chandra Asri Pacific Tbk (TPIA). A video lasting approximately 30 seconds circulated on social media on Monday (12/05), showing a group of individuals arriving at a...

MPR Deputy Chairman Condemns Thuggery Against Investors, Warns It Threatens Indonesia's Investment Climate

Jakarta - Deputy Chairman of the People's Consultative Assembly (MPR), Eddy Soeparno, has condemned acts of thuggery targeting investors and business operators. His remarks came in response to a video that recently went viral on social media.

Central Sulawesi Public Works Agency Requests BKPM to Revoke BTIIG Permit from OSS

The Public Works and Water Resources Agency (Cikasda) of Central Sulawesi Province has requested the Ministry of Investment/Investment Coordinating Board (BKPM) to revoke the permit of PT Baoshuo Taman Industry Investment Group (BTIIG) from the Online Single Submission (OSS) system.

Chandra Asri Chemical Plant Project Hit by Alleged Extortion Demands from Local Organisations

CILEGON — The construction project for a chlor alkali-ethylene dichloride (CA-EDC) chemical plant to be built by PT Chandra Asri Petrochemical Tbk (TPIA) has come under the spotlight following allegations that local community organisations (ormas) and business figures demanded a 'cut' of the...

BYD Seal Electric Car Catches Fire in West Jakarta Due to Suspected Battery Short Circuit

Jakarta (ANTARA) - A Build Your Dream (BYD) Seal electric car was seen emitting thick black smoke accompanied by flames on Jalan Katalis, Kota Bambu Utara, Palmerah, West Jakarta on Tuesday (13/5) at 04.18 local time.

Rp15 Trillion Chandra Asri Chemical Plant Project Targeted by Extortion Demands

Jakarta – Allegations of pressure and demands for project allocations by various parties against a national strategic project (PSN) have resurfaced. This time, the Rp15 trillion chlor alkali–ethylene dichloride (CA–EDC) chemical plant construction project belonging to PT Chandra Asri...

Chandra Asri's Rp15 Trillion Chemical Plant Project Hit by Alleged Extortion Demands from Local Organisations

JAKARTA — The construction of a chlor alkali-ethylene dichloride (CA-EDC) chemical plant by PT Chandra Asri Pacific Tbk (TPIA) has come under the spotlight following alleged demands for project "allocations" from civil society organisations (ormas) and local business figures.

Tools for Humanity's Worldcoin Previously Backed by Indonesian Investment Ministry, Orb Device Tested by Cak Imin

JAKARTA — The presence of Tools for Humanity with its Worldcoin and WorldID was previously supported by the Indonesian government. The iris-scanning device known as Orb was even tested by Coordinating Minister Muhaimin Iskandar, widely known as Cak Imin.

Jakarta's Global City Ambitions Hampered by Low Investment Efficiency

JAKARTA — The government has prepared Jakarta to become a Global City. However, behind this ambition, challenges remain, including investment efficiency. Jakarta no longer holds the status of national capital, which has moved to IKN Nusantara. Jakarta's status is now that of a special region.

MSME Business Licensing Now Accessible from a Mobile Phone via OSS System

What was once a daunting barrier for micro, small and medium enterprise (MSME) operators — obtaining business legality — has now been transformed into a process that can be completed from a mobile phone screen.