Indonesian Political, Business & Finance News

Archive: 24 July 2025

15 articles found

KPK Delivers Mining Governance Recommendations to Prabowo Administration Ministries

Jakarta, CNBC Indonesia - The Corruption Eradication Commission (KPK) has delivered recommendations from its mining governance study to ministries and government agencies under President Prabowo Subianto’s administration. BKPM Secretary Minister Heldy Satrya Putera revealed that the KPK had issued several recommendations to BKPM regarding mining sector governance.

Indonesia Airlines Holding Unable to Operate Flights Due to Incomplete Licensing Requirements

TEMPO.CO, Jakarta — The Directorate General of Civil Aviation of the Transportation Ministry has announced that PT Indonesia Airlines Holding is currently unable to operate flights in Indonesia. This is due to the company’s incomplete fulfilment of all legal and administrative requirements outlined in national aviation licensing regulations. Director General of Civil Aviation Lukman F.

Government Hopes Special Economic Zones Will Accelerate Indonesia's Industrialisation

JAKARTA, DDTCNews - The government hopes that the establishment of special economic zones (SEZs) will accelerate industrialisation in Indonesia. Finance Minister Sri Mulyani Indrawati said industrialisation has the potential to develop alongside the establishment of 25 SEZ sites across Indonesia. Moreover, the government is also providing various tax incentives for investors in SEZs.

Banyuwangi's Coffee Festival Drives Regional Tourism and Economic Growth

Banyuwangi in East Java is establishing itself as a prominent coffee tourism destination through an ambitious promotional campaign, including a cultural festival that served 10,000 free cups of coffee in a single day. The initiative is driving increased visitor numbers, boosting hotel bookings and supporting local coffee farmers and businesses.

Ministry of Transport Reaffirms Indonesia Airlines Not Yet Permitted to Operate Flights

Jakarta - The Ministry of Transport has once again affirmed that PT Indonesia Airlines Holding is not yet permitted to serve flights. This is because Indonesia Airlines has not fulfilled all licensing requirements. Director General of Civil Aviation Lukman F Laisa explained that the standard certificate already held by Indonesia Airlines has not been verified in either the Online Single Submission (OSS) system or the Integrated Air Transport Licensing Information System (SIPTAU).

Steve Forbes Praises Prabowo's Leadership, Says Indonesia Is a 'Rocket Reaching Full Speed'

JAKARTA, KOMPAS - Owner and Editor-in-Chief of Forbes Media, Steve Forbes, has expressed appreciation for the leadership of President Prabowo Subianto, stating that Indonesia is becoming increasingly competitive whilst fostering a strong business climate and democracy. Forbes made the remarks after being received by President Prabowo at the Merdeka Palace, Jakarta, on Wednesday (23/7/2025) afternoon.

President Prabowo Receives Forbes Media Chairman at Merdeka Palace

JAKARTA - President of the Republic of Indonesia Prabowo Subianto received a visit from Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, at the Merdeka Palace, Jakarta, on Wednesday, 23 July 2025. The meeting, which lasted more than two hours, discussed opportunities for economic cooperation, investment, and strengthening strategic relations between Indonesia and the United States.

Special Economic Zone Investment Exceeds 2024 Target, Minister Reports to President

Jakarta: Investment and Downstreaming Minister Rosan Perkasa Roeslani reported that investment realisation across all Special Economic Zones (SEZs) throughout 2024 successfully surpassed the government’s initial target. The report was delivered by Rosan to President Prabowo Subianto during a meeting at the State Palace on Tuesday, 22 July 2025. According to Rosan, total SEZ investment realisation in 2024 reached Rp90.1 trillion, exceeding the initial target of Rp78.1 trillion.

Directorate General of Civil Aviation Reaffirms Indonesia Airlines Has Not Met Licensing Requirements

The Directorate General of Civil Aviation at the Ministry of Transport has reiterated that PT Indonesia Airlines Holding has not fulfilled all licensing requirements mandated by regulations to operate flights. Director General of Civil Aviation Lukman F Laisa stated that every airline must follow all licensing stages in an orderly and complete manner before being declared legally authorised to operate.

Ministry of Transport Reaffirms Indonesia Airlines Has Not Met Licensing Requirements to Operate

The Ministry of Transport, through the Directorate General of Civil Aviation, has reiterated that PT Indonesia Airlines Holding cannot yet conduct flight operations as it has not fulfilled all licensing requirements under current regulations.

President Prabowo Receives Forbes Chairman Steve Forbes at State Palace

Jakarta, CNBC Indonesia - President Prabowo Subianto received a visit from Forbes Chairman and Editor-in-Chief Malcolm Stevenson Junior, known as Steve Forbes, at the State Palace on Wednesday (23/07/2025). During the meeting, Prabowo was accompanied by the Minister of Investment and Downstreaming, who also serves as Head of the Investment Coordinating Board (BKPM), Rosan Roeslani.

Directorate General of Civil Aviation Reaffirms Indonesia Airlines Not Yet Authorised to Operate

JAKARTA (BeritaTrans.com) – The Directorate General of Civil Aviation at the Ministry of Transportation has once again affirmed that PT Indonesia Airlines Holding is not yet permitted to conduct flight operations as it has not fulfilled all licensing requirements mandated by regulation. The Standard Certificate held by the company has not yet been verified in either the Online Single Submission (OSS) system or the Integrated Air Transport Licensing Information System (SIPTAU).

Special Economic Zone Investment Reaches Rp90.1 Trillion in 2024, Surpassing Target

Minister of Investment and Downstream Industries/Head of the Investment Coordinating Board (BKPM), Rosan Roeslani, announced that total investment flowing into Special Economic Zones (SEZs) during the January to December 2024 period reached Rp90.1 trillion, far exceeding the established target of Rp78.1 trillion. “From January to December 2024, it was Rp90.1 trillion, against an investment target for SEZ areas of Rp78.1 trillion.

Japan's JBIC Ready to Fund Green Energy Projects in Indonesia Through Danantara Partnership

JAKARTA, investor.id – The Investment Management Agency (BPI) Danantara has announced that the Japan Bank for International Cooperation (JBIC), its newest partner, is ready to fund green energy and renewable energy projects in Indonesia. According to Danantara CEO Rosan Roeslani, Danantara has established a strategic partnership with JBIC. The cooperation was described as a key outcome of his visit to Japan last week.

Forbes Owner Praises Prabowo's Leadership, Invites President to Speak at Global CEO Forum

JAKARTA, KOMPAS — Forbes Magazine owner and editor-in-chief Steve Forbes expressed his appreciation for the leadership of President Prabowo Subianto, noting that Indonesia is becoming increasingly competitive whilst fostering a better business climate and democracy. Forbes made the remarks after being received by President Prabowo at Istana Merdeka, Jakarta, on Wednesday (23/7/2025) afternoon.