Indonesian Political, Business & Finance News

Archive: 22 June 2025

4 articles found

President Prabowo Updates Risk-Based Business Licensing Regulations

Jakarta: The government has issued Government Regulation Number 28 of 2025 on the Implementation of Risk-Based Business Licensing (PBBR). The regulation was signed by President Prabowo Subianto on 5 June 2025 and came into effect upon its promulgation. The regulation is a refinement of Government Regulation Number 5 of 2021 as part of the implementation of the Job Creation Law.

Over 90 Per Cent of Designated Industrial Estate Land Remains Unused

TEMPO.CO, Jakarta - The Ministry of Agrarian Affairs and Spatial Planning/National Land Agency (ATR/BPN) has recorded that more than 90 per cent of industrial estate land designated in spatial plans remains undeveloped. This condition represents significant potential for increasing investment and national economic growth.

Trump Orders Precision Military Strikes on Iran's Nuclear Facilities

The United States launched precision military strikes on three major Iranian nuclear facilities—Fordow, Natanz, and Esfahan—in response to escalating regional tensions following earlier Israeli attacks and Iranian retaliation. The operation, which the Trump administration described as a demonstration of U.S. military capability, disrupted Iran's nuclear programme but triggered concerns about further escalation and caused oil prices to spike on global energy markets. The U.S.

Discrepancy in Indonesia's FDI Data Not a New Phenomenon, Says Economist

JAKARTA. The latest report from the United Nations Conference on Trade and Development (UNCTAD) shows that realised foreign direct investment (FDI) into Indonesia throughout 2024 amounted to only US$24.21 billion, or approximately Rp363.18 trillion (based on the 2024 state budget exchange rate assumption of Rp15,000 per US dollar).