Economy

Stimulus Modest Welcoming

Bank Indonesia and the Financial Services Authority relax the provisions for motor vehicle ownership loans. Players in the financial industry are not bold as to boast their performance will immediately spur.

Economy

Anticipating Sugar Regulations

Regulation guaranteeing the availability of basic material for the sugar industry has yet to be issued. Plans to limit importers remain a big question mark.

Economy

The New Energy Map Riddles

The National Energy Council plans to revise the National Energy General Plan. Relevant parties are hoping the amendment would not change the new and renewable energy development targets.

Economy

A Roundabout Route to the Market

Amidst the digital banking trend, the strategy of state financial services companies expand the conventional way. Their goal is the same: efficiency, and bolstering the reach of their services.

Economy

Between Hopes and Problems

Investment in electric vehicle is spreading to mining business. Industry players are waiting for a policy to uphold the principles of fairness and sustainability.

Economy

A Lifeboat for Local Filmmakers

The business of video-on-demand service provider is becoming a new opportunity for the local production houses to create different contents.

Economy

Legal Exit

A number of policyholders rejected the restructuring scheme offered by Jiwasraya. A wave of lawsuits may lead to banks that distributed the problematic insurance plans.

Economy

Half Hearted Induction Stoves

The government and PLN are promoting the use of electric stoves to reduce LPG consumption. Initial procurement cost proves to be a barrier for consumers.

Economy

Tanoto’s Factories Under the spotlight

Indonesia’s tax and customs team is following up reports on alleged profit shifting of a pulp company affiliated to tycoon Sukanto Tanoto. There are opportunities to re-check tax amnesty documents.

Economy

Food and Beverage Industry’s Worries

The food and beverage industry is pushing the government to issue import permits on refined sugar due to uncertain supplies for early 2021.

Cover Story

Mismanaged Pension Funds

Asabri’s service to the insurance participants has often been perceived poorly. The negative sentiment is exacerbated by the company’s losses and a decline in the company’s accumulated pension premiums throughout 2019.

Economy

Long Legal Battle Ahead

Four defendants in the Jiwasraya corruption case have been given life sentences. Retrieving back the loss, however, remains a big question mark.

Economy

State Projects Budget Drama

The government is scaling up the role of SOEs and public service agencies under the finance ministry. A strategy to brace against Covid-19 pandemic threats against numerous development plans.

Cover Story

Vulnerable to Money Laundering

Leaked US FinCEN reports expose hundreds of suspicious activities performed through several major Indonesian banks. This demonstrates that banks are at a high risk of serving as platforms for cross-border money laundering.

Economy

Confidence in the Second Phase

The OJK is preparing the 2020-2024 Sustainable Finance Roadmap. It is claimed to give answers to criticisms towards the previous road map, which had been accused of being unable to put the brakes on funding towards environmentally-polluting companies.

Economy

New Ambitions for Dieng-Patuha

Geo Dipa is getting ready to continue developing power plants in Dieng and Patuha, after more than two decades of stagnation due to disputes and lack of funding.

Economy

Opportunities for Digital Deliveries

The Covid-19 pandemic expedited the growth of logistic service businesses, demanding a digital transformation for providing this service.

Economy

An Epidemic of Virtual Events

Virtual event-organizer service providers begin to appear. Its potential niche market grows during the Covid-19 pandemic.

Cover Story

A New Business Plan for SOEs

The SOEs ministry will continue to scale back the number of state-owned companies. Many of them have been running inefficiently.

Cover Story

The Curious Case of Lobster Exports

One month after the lobster larva export was reopened, exporters have begun delivering packages to Vietnam. Various issues were brought to light.