Profil Retno Sulistyowati

Tankers loading and unloading fuel oil at Ampenan Integrated Terminal, Mataram, NTB, January 8, 2025. Antara/Ahmad Subaidi

Opportunity for Corruption in Pertamina Opens Again

Pertamina’s mechanisms remain vulnerable to fraud. Previous improvements have been undone by restructuring.

Cover Story Edisi : Monday, March 10, 2025

President Director of the State Logistics Agency (Bulog) Lieutenant General Novi Helmy Prasetya (left) and Minister of Agriculture Amran Sulaiman (right) inspect frozen meat supplies sold at the PosAgri Ramadan Market Operation at Flora Post Office, Fatmawati, Jakarta, February 24, 2025. Antara/Muhammad Iqbal

On the Pretext of Safeguarding State Secrets

Military officers and retirees enter state-owned enterprises as ex officio officials, raising concerns over accountability. Assessing their performance in corporate leadership would be a challenge.

Economy Edisi : Monday, March 3, 2025

Demonstrators hold protest signs in front of the USAID building in
Washington, United States, February 3, 2025. Reuters/Kent Nishimura

Impact of the USAID Freeze to Indonesia

Several government programs come to a standstill after the United States’ decision to freeze USAID. It is necessary to find alternative donors.

Economy Edisi : Monday, February 17, 2025

President Prabowo Subianto and Vice President Gibran Rakabuming Raka shake hands with regional heads after the digital handover of the Budget Implementation List (DIPA) and Regional Transfer Allocation Book of 2025, as well as the launch of version 6.0 of the Electronic Catalog at the State Palace, Jakarta, December 10, 2024. BPMI Setpres/Muchlis Jr

How Regional Governments Implement Budget Cuts

Regional governments are identifying budget items that can be trimmed. Some are covering expenditure needs by taking on debt.

Cover Story Edisi : Monday, February 10, 2025

The Resurgence of Foot-and-Mouth Disease

Foot-and-mouth disease is making a comeback. The risk of transmission is high, partly due to suspected violations of meat import regulations.

Economy Edisi : Monday, January 27, 2025

Construction of new housing in the Muarabakti area, Bekasi, West Java, Thursday, December 26, 2024. The Coordinating Ministry for Economic Affairs has officially announced that the government will continue to bear the VAT for property purchases next year. Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the tax incentive was included in the economic policy stimulus package provided by the government, along with the increase in the VAT rate to 12% in 2025. TEMPO/Tony
Hartawan

The Three Million Houses Program

The property industry is thriving, driven by the three-million-homes program. However, challenges remain in disbursing incentives and funding.

Economy Edisi : Monday, January 20, 2025

A salesperson provides product information and new car prices at a Honda Dealership in Depok, West Java, on Tuesday, January 7, 2025. Minister of Industry Agus Gumiwang Kartasasmita said the additional vehicle "opsen" or tax surcharge tax policy would burden the automotive industry. TEMPO/M Taufan Rengganis

High Taxes During Hard Times

The automotive and property sectors are subject to the 12 percent VAT rate. The government provides incentives to minimize the impact of the new levies.

Economy Edisi : Monday, January 13, 2025

A driver stands in front of a TransJakarta Electric Bus during their launch at the National Monument (Monas), Jakarta, Tuesday, December 10, 2024. PT TransJakarta launches 200 high-deck electric buses, claimed to reduce potential emissions by around 420 thousand CO2 equivalents, or the equivalent of planting 1.25 million trees. TEMPO/M Taufan Rengganis

The Uncertain Fate of the Energy Transition Fund

The JETP energy transition program is at a standstill. Captive power plants hinder the preparation of investment plan documents.

Cover Story Edisi : Monday, December 16, 2024

Employees of KPSP Setia Kawan in Nogkojajar Hamlet, Wonosari Village, Tutur District, Pasuruan Regency, East Java, fill milk from the main collection installation tank to the truck tank that will be sent to a milk processing factory on Tuesday, December 3, 2024. Ishomuddin

Improving the Quality of Milk

The government will issue regulations requiring the industry to purchase local milk. There are issues with quality and unscrupulous actors.

Economy Edisi : Monday, December 9, 2024

Workers making T-shirts at the Sinergi Adv Nusantara textile factory in Srengseng Sawah, Jakarta, Tuesday, October 31, 2023. TEMPO/Tony Hartawan

Textile Industries’ Predicaments

Textile industries seek a special waging policy. They fear being unable to pay minimum wages amid low demand.

Cover Story Edisi : Monday, December 2, 2024

Workers transport urea fertilizer produced by PT Pupuk Indonesia at the Line 2 warehouse in Campang Jaya, Sukabumi, Bandar Lampung, Lampung, Monday, November 1, 2024. ANTARA FOTO/Ardiansyah

Taking Over Agriculture SOEs

Agriculture Minister Amran Sulaiman aims to take control of state-owned enterprises in the agriculture and food sectors in an attempt to orchestrate food self-sufficiency.

Economy Edisi : Monday, November 25, 2024

MSME Debts Write-Offs

The government’s policy of allowing MSME loans write-offs under certain conditions is deemed prone to moral hazard and misuse.

Economy Edisi : Monday, November 18, 2024

Ministry of State-Owned Enterprises building in Jakarta, Thursday, November 7, 2024. TEMPO/Tony Hartawan

The Long Road to State Companies Super-holding

The plan for a super-holding for state-owned enterprises dates back to the New Order era. The SOEs Ministry will be replaced by a giant corporation.

Cover Story Edisi : Monday, November 11, 2024

A worker operates a fiber spinning machine at the Asia Pacific Fibers Tbk. factory in Karawang, West Java. asiapacificfibers.com

The Fall of Textile Factories

After Sritex, other major textile companies are also collapsing. Incentives and support are needed to curb imported goods.

Economy Edisi : Monday, November 4, 2024

Concerns over Mandatory Halal Certification

Entrepreneurs are pressured by the mandatory halal certification regulations. The costs associated with obtaining halal labels are considered expensive, and the procedures are complicated.

Economy Edisi : Monday, October 28, 2024

Aerial photo of vehicles passing on Pejagan-Pemalang Toll Road, Adiwerna, Tegal Regency, Central Java, Friday, May 6, 2022. ANTARA/Oky Lukmansyah

Jokowi’s Debt Legacy Burden on State-Owned Enterprises

The Joko Widodo administration leaves a heavy burden for state-owned enterprises. Many projects result in big debts.

Cover Story Edisi : Monday, October 21, 2024

VIVA’s Maneuvers on the Brink of Bankruptcy

VIVA Group is facing a restructuring process under a debt payment suspension scheme and is threatened with bankruptcy. There are maneuvers to lobby creditors and reduce debt.

Economy Edisi : Monday, October 7, 2024

A sea sand-dredging vessel operates in the waters off Karimun Besar Island, Karimun Regency, Riau Islands, March 24.
TEMPO/Yogi Eka Sahputra

Concerns Regarding Sea Sand Export Policy

The demand for sea sand continues to increase, driven by the growth of infrastructure, construction, and the glass and solar panel industries.

Cover Story Edisi : Monday, September 30, 2024

Behind the Coup in Kadin

Anindya Bakrie ousts Arsjad Rasjid from the position of General Chair of the Indonesian Chamber of Commerce and Industry (Kadin). The Palace’s support shifted.

Economy Edisi : Monday, September 23, 2024

Controversial Power Wheeling Articles in New and Renewable Energy Bill

Articles on power wheeling prevent the legislation of a New and Renewable Energy Bill. State electricity company PLN’s unique position could be left precarious.

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