Indonesian Political, Business & Finance News

Archive: 20 June 2025

15 articles found

Prabowo Issues Government Regulation 28/2025: Businesses Can Apply for Eight Tax Facilities via OSS System

President Prabowo has issued Government Regulation (PP) Number 28 of 2025. The regulation, enacted on 5 June 2025, details eight tax facilities that investors and business operators can apply for through the Online Single Submission (OSS) system. These incentives are specifically contained within the investment facilities subsystem.

Indonesian Metal Workers' Federation Establishes Four Union Branches in Morosi Industrial Zone

The Federation of Indonesian Metal Workers’ Unions (FSPMI) is increasingly making its presence felt in Morosi, Southeast Sulawesi. According to reports from the FSPMI Southeast Sulawesi Regional Board, four Work Unit Leadership bodies (PUK) have been established at several major companies in the area. The four FSPMI work units that have been formed are: PUK SPEE–FSPMI at PT PCN: With 57 members, this unit plays an important role in advocating for workers’ rights at PT PCN.

WALHI Sultra and Morosi Residents Demand Justice over Environmental Pollution by PT OSS and PT VDNI

KONAWE — The Unaaha District Court conducted an on-site inspection today in connection with environmental lawsuit number 28/Pdt.Sus-LH/2024/PN Unh. The lawsuit was filed by WALHI Southeast Sulawesi together with affected residents against PT Obsidian Stainless Steel (OSS) and PT Virtue Dragon Nickel Industry (VDNI) over environmental damage in Morosi, Konawe, Southeast Sulawesi. The direct inspection of the location covered areas including damaged fish ponds and pollution sites.

Indonesia's FDI Data Discrepancy: UNCTAD Figures Far Lower Than BKPM's

JAKARTA — Foreign direct investment (FDI) data released by the Ministry of Investment/Investment Coordinating Board (BKPM) differs significantly from figures recorded by the United Nations Conference on Trade and Development (UNCTAD). UNCTAD recorded Indonesia’s FDI realisation in 2024 at just US24.21billion, equivalenttoRp363.18trillion(assuminganexchangerateofRp15, 000/US).

PT Rinjani Nakhla Perkasa Not a Pertamina Partner, Says Hiswana Migas Southeast Sulawesi

KENDARI – The National Oil and Gas Entrepreneurs Association (Hiswana Migas) of Southeast Sulawesi has confirmed that PT Rinjani Nakhla Perkasa (PT RNP) is not a partner of PT Pertamina (Persero). It was previously reported that PT Rinjani Nakhla Perkasa was suspected of selling subsidised diesel fuel to mining companies in the Kolaka Regency area.

Deputy Investment Minister Urges PLN to Provide 3-5 Gigawatts of Electricity in Batam

Jakarta (ANTARA) - Deputy Minister of Investment and Downstreaming/Deputy Head of the Investment Coordinating Board (BKPM) Todotua Pasaribu has urged state electricity company PLN to promptly provide 3-5 gigawatts of electricity for Batam. According to Todotua, Batam is set to experience significant investment growth, and PLN therefore needs to make preparations to support the electricity supply. “I spoke with PLN as well about Batam.

Unaaha Court Conducts Site Inspection in Environmental Pollution Lawsuit Against Two Nickel Firms

KENDARI — The Unaaha District Court carried out a site inspection relating to a case of alleged environmental pollution, registered under case number 28/Pdt.Sus-LH/2024/PN Unh, on Thursday (19/6/2025). The lawsuit was filed by the Indonesian Forum for the Environment (Walhi) Southeast Sulawesi against two major nickel industry companies operating in the area, namely PT Obsidian Stainless Steel (OSS) and PT Virtue Dragon Nickel Industry (VDNI), both based in Morosi District, Konawe Regency.

Deputy Investment Minister Urges PLN to Provide 3-5 Gigawatts of Electricity for Batam

Jakarta (ANTARA) - Deputy Minister of Investment and Downstreaming/Deputy Head of the Investment Coordinating Board (BKPM) Todotua Pasaribu has asked PT PLN (Persero) to promptly provide 3-5 gigawatts of electricity for Batam. According to Todotua, Batam is set to experience significant investment growth, and PLN therefore needs to make preparations to support the electricity supply. “I spoke with PLN as well about Batam. I told them that very soon there will be extraordinary growth there.

Agriculture Minister Amran Strengthens Indonesia-Russia Agricultural Partnership During State Visit

What did Andi Amran Sulaiman do during President Prabowo’s state visit at the official invitation of President Vladimir Putin? As reported, the President also attended the St Petersburg International Economic Forum (SPIEF) 2025, where Prabowo was scheduled to deliver a keynote address at the prestigious forum. Meanwhile, the bilateral meeting with President Vladimir Putin covered discussions on a number of strategic agendas.

Indonesian Industrial Estates Association Calls for Stronger Regulations to Boost Manufacturing Investment

JAKARTA - The Association of Indonesian Industrial Estates (HKI) held a National Dialogue entitled “Optimising the Role of Industrial Estates: Strengthening the Competitiveness of Manufacturing Industry Investment in the Context of Job Creation” at the JS Luwansa Hotel, Kuningan, Jakarta, on Thursday, 19 June 2025.

Indonesia Must Avoid Repeating Raw Commodity Exploitation Mistakes, Says Investment Minister

Indonesia must avoid the mistake of exploiting raw commodities and instead focus on downstream processing for sustainable economic growth. Investment Minister Bahlil emphasised that government policy must centre on creating quality employment and prosperity through natural resource management. Jakarta — Investment Minister and Head of the Investment Coordinating Board (BKPM), Bahlil Lahadalia, stressed that Indonesia must not repeat past mistakes of merely exploiting raw commodities.

UNCTAD Records Indonesia's 2024 FDI at US$24.21 Billion, Far Below Investment Ministry Figures

JAKARTA. The United Nations Conference on Trade and Development (UNCTAD) recorded that foreign direct investment (FDI) flowing into Indonesia in 2024 reached US$24.21 billion, equivalent to approximately Rp363.18 trillion (based on the 2024 state budget exchange rate assumption of Rp15,000 per US dollar).

University of Indonesia Fiscal Study Group Holds Seminar on Strategies to Boost Indonesia's Tax Ratio

JAKARTA, DDTCNews – The Research and Literature Division of the Fiscal Administration Study Group (Kostaf) at the University of Indonesia is once again holding Taxcussion — a seminar presented as an interactive semi-formal discussion featuring speakers from various backgrounds. This time, Taxcussion carries the theme “Finding the Golden Formula: Strategies to Increase Indonesia’s Tax Ratio”. The theme is in line with President Prabowo Subianto’s plan to pursue a tax ratio of 15%.

Unaaha Court Begins Site Inspection in Environmental Lawsuit Against Nickel Firms PT OSS and PT VDNI

KONAWE — The Unaaha District Court in Konawe Regency, Southeast Sulawesi, has commenced proceedings in an environmental violation lawsuit involving the coal-fired power plants (PLTU) of PT Obsidian Stainless Steel (PT OSS) and PT Virtue Dragon Nickel Industry (PT VDNI), filed by the Indonesian Forum for the Environment (WALHI) Southeast Sulawesi.

Pushing for 8 Per Cent Growth, HKI Urges Accelerated Licensing and Industrial Regulation

The Indonesian Industrial Estate Association (HKI) is urging the government to simplify licensing and regulation in order to achieve 8 per cent economic growth. HKI Chairman Ma’ruf expressed hope that the Investment Acceleration Task Force, involving relevant ministries and agencies, would be formally established through an official decree so that the acceleration process can be carried out effectively. “We are pushing for licensing acceleration to be implemented swiftly.