Indonesian Political, Business & Finance News

Archive: 28 May 2025

13 articles found

Macron Visits Indonesia, BKPM Reveals French Company to Invest in Solar Panels

Jakarta, VIVA — Deputy for Investment Promotion at the Ministry of Investment and Downstreaming/BKPM, Nurul Ichwan, revealed that French President Emmanuel Macron’s visit to Indonesia brought investment commitments, as French companies will invest in solar panels in the country. Nurul did not disclose the specific names of the companies that will invest in Indonesia. However, he confirmed that these companies will develop renewable energy projects.

East Java Investment Agency Pushes for Bioethanol Plant in Bojonegoro

Following a site survey, the East Java Provincial Investment and One-Stop Integrated Services Agency (DPMPTSP) is pushing for a bioethanol plant to be established in Bojonegoro Regency, specifically in Katur Village, Gayam District, in order to create employment opportunities and boost the local economy. “I am pushing for the bioethanol plant to enter Bojonegoro as soon as possible.

Immigration Directorate General Issues New Policy Requiring In-Person Visits for Foreign Residents' Stay Permit Extensions

JAKARTA - The Directorate General of Immigration under the Ministry of Immigration and Correctional Services has issued a new policy regarding the extension of stay permits for foreign nationals in Indonesia. The policy is set out in Circular Letter Number IMI-417.GR.01.01 of 2025 and will take effect on 29 May 2025. Under the new provisions, foreign nationals are required to attend an immigration office in person for photograph capture and an interview when applying for stay permit extensions.

Bali Immigration Office Deports Swiss National for Illegal Fundraising

Denpasar (ANTARA) - The Denpasar Immigration Office in Bali has deported a Swiss national with the initials BFM for conducting illegal fundraising activities for stray dogs. “He carried out fundraising without a legal entity in Indonesia,” said R. Haryo Sakti of the Denpasar Class I Immigration Office on Wednesday. BFM was deported via I Gusti Ngurah Rai International Airport on a Qatar Airways flight on the Denpasar-Doha-Zurich route.

Immigration Authority Introduces New Stay Permit Rules Requiring In-Person Photos and Interviews for Foreign Nationals

JAKARTA — The Directorate General of Immigration under the Ministry of Immigration and Correctional Services has established new regulations for processing stay permits for foreign nationals in Indonesia. Referring to Circular Letter Number IMI-417.GR.01.01 of 2025, effective from 29 May 2025, foreign nationals in Indonesia will be required to have their photographs taken and undergo interviews at immigration offices when applying for stay permit extensions.

Danantara CEO Denies Ray Dalio's Departure, Says Discussions Continue Smoothly

TEMPO.CO, Jakarta - Danantara (Badan Pengelola Investasi Daya Anagata Nusantara) CEO Rosan Roeslani has stated that Ray Dalio remains with the organisation. He said he had just met with Dalio’s son, Mark Dalio, and his team the previous week. “I just met his team last week, including his son Mark Dalio. The discussions went smoothly,” he said at the Presidential Palace Complex in Central Jakarta on Wednesday, 28 May 2025.

Japan's JICA and Indonesian Investment Ministry Survey Bioethanol Plant Site in Bojonegoro

The Ministry of Investment and Downstreaming/Investment Coordinating Board of the Republic of Indonesia (BKPM RI), together with Japanese agency JICA (Japan International Cooperation Agency) and the East Java Provincial Investment and One-Stop Integrated Services Office (DPMPTSP), conducted a site survey for a planned bioethanol plant in Katur Village, Gayam District, Bojonegoro Regency, East Java, on Wednesday (28/05/2025).

Immigration Directorate General Introduces New Stay Permit Requirements for Foreign Nationals

JAKARTA — The Directorate General of Immigration under the Ministry of Immigration and Correctional Services has established new regulations for the processing of stay permits for foreign nationals in Indonesia. Referring to Circular Letter Number IMI-417.GR.01.01 of 2025, which will take effect from 29 May 2025, foreign nationals residing in Indonesia will be required to attend in-person photo sessions and interviews at immigration offices when applying for stay permit extensions.

Indonesia Offers Both Gross Split and Cost Recovery to Lure Back Major Oil and Gas Companies

Jakarta, CNBC Indonesia — Energy and Mineral Resources Minister Bahlil Lahadalia and Finance Minister Sri Mulyani Indrawati are continuing efforts to make Indonesia’s upstream oil and gas investment climate more attractive, with the aim of enticing major global oil and gas companies to return to the country. Bahlil made the remarks after holding a meeting of the SKK Migas Supervisory Board with the state treasurer.

West Pademangan Sub-District Launches 'NIB One Click' Service to Accelerate MSME Business Licensing

Jakarta – To facilitate Micro, Small and Medium Enterprises (MSMEs) wishing to obtain a legitimate Business Identification Number (NIB), the Integrated One-Stop Licensing Service Unit (UP PMPTSP) of West Pademangan Sub-District has launched the NIB One Click service system. Head of the West Pademangan Sub-District PTSP, I. Putu B.

Danantara and China Investment Corporation Sign MoU to Explore Joint Investment Opportunities

JAKARTA, KOMPAS — The Danantara Investment Management Agency and China Investment Corporation have signed a memorandum of understanding to explore joint investment opportunities. The cooperation between the two parties is expected to span various sectors in Indonesia, the ASEAN region, and China.

Draft Revision of Business Licensing Regulations Agreed Upon by Multiple Ministries

JAKARTA — The government aims to implement risk-based business licensing to ensure that permits submitted by business operators are better regulated. The Coordinating Ministry for Economic Affairs stated that the government is currently revising Government Regulation (PP) Number 5 of 2021 on business licensing, with supervision being one of the key areas of emphasis.

Father of Deputy Investment Minister Todotua Pasaribu Passes Away at RSPAD Jakarta

A message circulated in a WhatsApp group has confirmed that the father of Deputy Minister of Investment and Downstreaming/Deputy Head of BKPM Todotua Pasaribu passed away at the Armed Forces Central Hospital (RSPAD) in Central Jakarta on Tuesday, 27 May 2025. “Our beloved father, the late Liberty Pasaribu, SH MSi, has passed away today, Tuesday, 27 May 2025, at 19:20 at the Armed Forces Central Hospital (RSPAD),” the message received by the editorial team read.