Indonesian Political, Business & Finance News

Archive: 16 May 2025

20 articles found

Government Plans Integrated Livestock Ecosystem with Brazilian Investor to Support Free Nutritious Meals Programme

Jakarta — The government plans to develop an integrated livestock ecosystem, a move expected to support domestic beef and dairy supply, including for the Free Nutritious Meals (MBG) programme. The plan was a key topic of discussion in a meeting between Transmigration Minister Iftitah Sulaiman...

Taiwanese Companies Express Strong Interest in Investing in Nusantara Capital City

A number of prominent Taiwanese companies have expressed strong interest in investing in the Nusantara Capital City (IKN), a rapidly developing area designated as Indonesia's new seat of government, spanning parts of North Penajam Paser and Kutai Kartanegara regencies in East Kalimantan.

Government Vows Legal Action Against Thuggery Disrupting Petrochemical Plant Construction in Cilegon

JAKARTA — The government, through the Ministry of Investment and Downstreaming (Investment Coordinating Board/BKPM), has affirmed it will take legal action against acts of thuggery disrupting the construction of a petrochemical plant owned by PT Chandra Asri Alkali (CAA) in Cilegon, Banten.

Government to Transform Transmigration Land into Communal Cattle Farming Investment Hub

Jakarta (ANTARA) - The Indonesian government is strengthening the cattle farming industry ecosystem with a new concept that utilises transmigration land managed communally through community corporations, thereby attracting investment whilst delivering economic benefits.

World App, Worldcoin and WorldID Now Registered as Electronic System Operators at Kominfo

World App, Worldcoin and WorldID developer Tools for Humanity has finally registered as an Electronic System Operator (PSE) with the Ministry of Communication and Informatics (Kominfo). The entity has been active since 2021.

Government Pledges Proactive Steps to Maintain Conducive Investment Climate

JAKARTA, investor.id — The government has pledged to take proactive steps to maintain a conducive and attractive investment climate for investors. Deputy Minister of Investment and Downstreaming/Deputy Head of BKPM Todotua Pasaribu explained that the government is committed to ensuring the smooth...

Indonesia's Q1 2025 Investment Reaches Rp 465.2 Trillion: Panel to Discuss Real Impact on Society

Jakarta — Investment remains one of the primary engines driving economic growth. It is also expected to deliver tangible benefits for the public, from economic empowerment to job creation. Indonesia's investment realisation in the first quarter of 2025 reached Rp 465.2 trillion, equivalent to 24.

Pangkep Investment Agency Intensifies OSS RBA and Gerapari Licensing Service Socialisation Across 12 Districts

PANGKEP — The Pangkep Investment and One-Stop Integrated Services Agency (DPMPTSP) is intensively conducting socialisation on the implementation of OSS RBA and Gerapari across 12 districts in Pangkep Regency. The latest session was held in Balocci District on Friday (16/5).

Government Focuses Data Centre Development in Batam

Jakarta (ANTARA) - Deputy for Investment Information Technology at the Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM), Ricky Kusmayadi, stated that the government is focusing data centre development in Batam City, Riau Islands Province.

Cilegon Business Chamber Accused of Demanding Project Shares from Foreign Investor Without Tender

A short video circulating on social media shows a group of people arriving at the Krakatau Steel industrial zone in Cilegon, requesting a meeting with foreign investors at PT Chandra Asri Alkali. The group, believed to include members of the Cilegon Chamber of Commerce and Industry (Kadin) and...

Cilegon Mayor Confirms EV Battery Plant Construction Continues Despite Intimidation Allegations

Cilegon (ANTARA) - Cilegon Mayor Robinsar has confirmed that the construction of the national strategic project (PSN) for an electric vehicle battery plant owned by PT Chandra Asri Alkali (CAA) will continue despite alleged intimidation by a business figure who demanded participation in the project...

Chandra Asri Pacific Confirms Alleged Extortion Against Chemical Plant Construction Project in Cilegon

PT Chandra Asri Pacific Tbk (TPIA) has addressed reports of alleged extortion targeting its chemical plant construction project by local businessmen in Cilegon, Banten. The statement was made in response to a letter from the Indonesia Stock Exchange (IDX) No. S-04596/BEI.

Indonesia's Digital Economy Predicted to Reach USD 130 Billion in 2025

Jakarta - Indonesia's digital economy is predicted to experience a massive surge, with its value exceeding Rp 2,100 trillion. "In terms of investment realisation, Indonesia's digital economy is predicted to reach USD 130 billion in 2025, or approximately 44% of the total digital economy in...

Deputy Investment Minister Hands Thuggery Case Against PT Chengda to Police

Deputy Minister of Investment and Downstreaming/Deputy Head of the Investment Coordinating Board (BKPM) Todotua Pasaribu said his office has handed the resolution of the thuggery case against the management of PT Chengda, the main contractor of PT Chandra Asri Alkali (CAA), a petrochemical company...

Hit with Rp5 Trillion Extortion Attempt, Will Chandra Asri Still Invest in Indonesia?

JAKARTA - An alleged extortion incident at the PT Chandra Asri Alkali (CAA) project has tarnished Indonesia's investment climate. Moreover, the construction of the Chandra Asri Alkali plant is designated as a National Strategic Project (PSN), in accordance with Presidential Regulation Number 12 of...

Banten Governor and Deputy Investment Minister Lead Meeting to Resolve PT Chandra Asri Alkali Investment Dispute

Jakarta — Banten Governor Andra Soni and Deputy Minister of Investment and Downstream Industries/BKPM Todotua Pasaribu led a facilitation meeting to resolve investment issues concerning PT Chandra Asri Alkali at the Ministry of Investment and Downstream Industries/BKPM building on Jl Gatot...

Bali Official Highlights Issues with Online Single Submission System, Pledges Support for Regulatory Reform

Denpasar — The Online Single Submission (OSS) system has been widely discussed since the issuance of Presidential Regulation Number 91 of 2017 on the Acceleration of Business Implementation. OSS is an electronically integrated business licensing system connecting all ministries, state...

Ministry of Finance to Thoroughly Review Public Proposals for Fiscal Incentives

JAKARTA, DDTCNews – The Ministry of Finance will conduct an in-depth review of various public proposals related to the provision of fiscal incentives. The topic has become one of the highlights in national media today, Friday (16/5/2025).

Investment Ministry Mediates Extortion Case Against PT Chandra Asri Alkali in Cilegon

Jakarta — The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has stepped in to mediate an extortion case experienced by PT Chandra Asri Alkali (CAA) at the hands of rogue business operators in Cilegon.

Banten Governor and Deputy Investment Minister Lead Meeting to Resolve PT Chandra Asri Alkali Investment Dispute

Jakarta — Banten Governor Andra Soni, together with Deputy Minister of Investment and Downstream Industries/BKPM Todotua Pasaribu, chaired a facilitation meeting to resolve investment issues surrounding PT Chandra Asri Alkali at the Ministry of Investment and Downstream Industries/BKPM building...