Indonesian Political, Business & Finance News

Archive: 9 May 2025

15 articles found

Ministry of Communication Reveals Worldcoin Has Been Collecting Indonesian Citizens' Retina Data Since 2021

TEMPO.CO, Jakarta - The Ministry of Communication and Digital (Komdigi) has disclosed that Worldcoin has been collecting retina data of Indonesian citizens since 2021. However, its operator, known as Tools for Humanity (TFH), was only registered as a foreign private Electronic System Organiser...

Danantara Requests All Non-Listed SOEs to Postpone Shareholder Meetings

JAKARTA — The Investment Management Agency (BPI) Daya Anagata Nusantara, known as Danantara, has requested all non-listed State-Owned Enterprises (SOEs) to postpone their General Meetings of Shareholders (RUPS) and other corporate actions.

PT Obsidian Stainless Steel Worker Suffers Permanent Disability in Workplace Accident in Konawe

KONAWE — An employee of PT Obsidian Stainless Steel (OSS) in Morosi District, Konawe Regency, Southeast Sulawesi, identified by the initials SN (31), suffered a workplace accident on Wednesday, 7 May 2025, at 09:10 local time.

Bank Indonesia Maps Bali's Investment Potential to Boost Economic Growth

Denpasar (ANTARA) - The Bank Indonesia (BI) Representative Office for Bali Province has been mapping and exploring potential investment profiles that could accelerate economic growth on the Island of the Gods.

Bahlil Asserts Government Authority over Coal Downstreaming Policy

According to Bahlil, the direction of coal downstreaming development cannot be undertaken arbitrarily as it must align with government directives. He emphasised that the authority to determine downstreaming policy rests with the Downstreaming and Energy Security Task Force and the Ministry of...

President Prabowo Alarmed by Thuggery of Civil Organisations Disrupting Investment Climate

Jakarta - President Prabowo Subianto is deeply concerned about thuggery carried out by civil society organisations (ormas) that is disrupting the business climate in the country. A series of complaints have also emerged regarding investment being hampered by ormas-related thuggery.

World App Developer Tools for Humanity Only Registered as Electronic System Operator in Indonesia This Year

The developer of World App, Worldcoin, and World ID — Tools for Humanity — has only recently registered as an Electronic System Operator (PSE) with the Ministry of Communications and Informatics (Komdigi) this year, despite the US-based company having operated since 2021.

Worldcoin's Operating Permit in Indonesia Reportedly Issued by BKPM

JAKARTA — The Director General of Digital Space Supervision at the Ministry of Communication and Digital (Komdigi), Alexander Sabar, has indicated that Worldcoin's permit this year was obtained from the Investment Coordinating Board (BKPM).

Transport Minister Warns Overloaded Truck Operators Face Criminal Prosecution

Jakarta, CNBC Indonesia — Transport Minister Dudy Purwagandhi has warned business operators using over-dimension over-load (ODOL) trucks that they will face criminal prosecution. The criminal penalties will not only target drivers but also truck users and owners.

Danantara CEO Confirms Directive to Delay SOE Shareholder Meetings and Corporate Actions

JAKARTA — Danantara CEO Rosan Roeslani confirmed that his organisation has issued a directive to state-owned enterprises (SOEs) that are not publicly listed companies to postpone their General Meetings of Shareholders (RUPS) and other corporate actions.

Prabowo Summons Rosan Roeslani, Delivers Firm Message on Danantara

President Prabowo Subianto summoned Investment and Downstreaming Minister/BKPM Head and concurrently Head of the Investment Management Agency (BPI) Danantara, Rosan Roeslani, to the Merdeka Palace in Jakarta on Thursday (8/5).

President Prabowo Summons Investment Minister Rosan Roeslani to Discuss Danantara Direction and SOE Leadership

STOCKWATCH.ID (JAKARTA) – President Prabowo Subianto summoned Investment and Downstreaming Minister Rosan Roeslani, who also serves as Head of BKPM and Head of the Danantara Investment Management Agency (BPI), for a meeting at the Merdeka Palace in Jakarta on Thursday, 8 May 2025.

Balangan Regency Ranks 12th Nationally in One-Stop Integrated Service Performance Assessment

Proud news has emerged from Balangan Regency. Through its Investment and One-Stop Integrated Service Agency (DPMPTSP), the region has achieved national recognition by securing 12th place across Indonesia in the 2024 One-Stop Integrated Service (PTSP) Performance Assessment conducted by the Ministry...

Prabowo Welcomes Bill Gates at Merdeka Palace: TB Vaccine Trials, MBG Programme Review and Danantara Invitation

Indonesian President Prabowo Subianto welcomed Microsoft founder and global philanthropist Bill Gates at the Merdeka Palace on Wednesday, 7 May 2025. Prabowo greeted Bill Gates at the palace grounds and invited him inside for a discussion.

Danantara Plans US$1 Billion Trust Fund, Invites Gates Foundation to Collaborate

TEMPO.CO, Jakarta - Head of the Danantara BPI Executive Body Rosan Perkasa Roeslani has announced plans to establish the Danantara Trust Fund. He also invited the Gates Foundation (formerly the Bill & Melinda Gates Foundation) to participate in the collaboration.