Indonesian Political, Business & Finance News

Archive: 21 June 2025

8 articles found

Armed Criminal Group Attacks Civilians in Central Papua, Killing Three

An armed criminal group (KKB) led by Kalenak Murib carried out a brutal attack in Lambera Village, Yugumoak District, Puncak Regency, Central Papua. On Wednesday, 18 June 2025, at approximately 09:00 Eastern Indonesia Time, the KKB attacked civilians, resulting in three deaths, four injuries, and at least 11 honai (traditional houses) being set ablaze. The deceased victims were identified as Minanggen Wijangge, Patiago Tabuni, and Oriup Murib.

UNCTAD Report Shows Indonesia's FDI Figures Far Below Government Data

The latest report from the United Nations Conference on Trade and Development (UNCTAD) indicates that realised foreign direct investment (FDI) into Indonesia in 2024 amounted to only 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.

Thuggery Cases Disrupting Investors Have Significantly Declined, Says Deputy Investment Minister

NERACA Jakarta - Deputy Minister of Investment and Downstreaming/Deputy Head of the Investment Coordinating Board (BKPM) Todotua Pasaribu has said that cases of thuggery disrupting investors have significantly declined. “Every week our colleagues from the regional police chiefs provide reports, and the situation has started to improve considerably,” said Todotua in Jakarta on Thursday (19/6).

Cirebon Mining Operator Disputes Illegal Mining Label, Claims Valid Permits

Cirebon Regency — In response to reports across various online and print media platforms titled “Forkopimda of Cirebon Regency Shuts Down Illegal C-Category Mine in Cipanas Cirebon”, the mining business owner has denied the allegations, stating that his C-category mine holds complete permits and is currently undergoing a licence renewal process. H.

Investment Ministry Enforces Spatial Use Compliance Permits for All Business Entities

Jakarta — Investment Minister/BKPM (Investment Coordinating Board) held a coordination meeting with the Ministry of Public Works and Public Housing (PUPR) on 19 June 2025, discussing the enforcement of PKKPR (Spatial Use Activity Conformity Approval) for all business entities. The obligation takes effect from the first quarter of June 2025, except for sole proprietors, as stated by Rosan Perkasa Roeslani, Investment Minister/Head of BKPM.

Danantara Signs MoU with Russian Fund to Establish €2 Billion Joint Investment Fund

ST. PETERSBURG — Danantara CEO Rosan Roeslani has announced that his organisation has signed a memorandum of understanding (MoU) with the Russian Direct Investment Fund (RDIF) to establish a joint investment fund worth €2 billion, equivalent to approximately Rp37.8 trillion. Rosan stated that the joint fund would focus on priority sectors such as renewable energy, digital infrastructure, artificial intelligence (AI), and critical minerals.

IWIP Takes Strategic Steps to Empower MSMEs in North Maluku, Partnership Value Reaches IDR 3.5 Trillion

JAKARTA - PT Indonesia Weda Bay Industrial Park (IWIP) is taking strategic steps to encourage inclusive and sustainable economic growth by empowering Micro, Small and Medium Enterprises (MSMEs) in North Maluku. Through this initiative, IWIP seeks to increase the independence of local business actors, create new economic opportunities, and encourage equitable welfare in society.

UNCTAD Report Reveals Rp537 Trillion Discrepancy with Indonesian Government's Foreign Investment Figures

Jakarta – The latest report from the United Nations Conference on Trade and Development (UNCTAD) shows that foreign direct investment (FDI) realisation in Indonesia in 2024 reached only US$24.21 billion, or approximately Rp363.18 trillion (at the 2024 state budget exchange rate of Rp15,000 per US dollar).