Barito Renewables Energy’s IPO Violation
The Stock Exchange detects alleged violations in the IPO of Barito Renewables Energy. There are indications of maneuvering around public shareholding requirements.
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The Stock Exchange detects alleged violations in the IPO of Barito Renewables Energy. There are indications of maneuvering around public shareholding requirements.
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.
The New and Renewable Energy Bill must accelerate the endeavor to abandon fossil-based energy sources such as coal. As a precondition, the mechanism for purchasing electricity must be revised.
A project by the military to create new paddy fields is facing disarray. Rates offered are too low, and many plots are unsuitable for growing rice.
Indonesia is a vast archipelago with bountiful resources. This is the reason why Dwi Susilaningsih has spent more than 20 years researching marine microbes that can potentially be converted into energy. She lamented, however, that Indonesians were slow to take advantage of such sources as the sun, wind or sea currents as renewable energy sources. As of today, only five percent of the total energy produced in Indonesia is renewable.
"And those renewable energy sources are small scale," said Dwi, head of the Infrastructure Research Center at the Biotech Division of the Indonesian Institute of Science (LIPI). Not surprisingly, she hopes the government will put more effort into producing energy from renewable resources, instead of from fossil fuels. This would be in line with the commitment made by more than 180 countries, including Indonesia, to reduce global emission after the UNFCCC-COP21 in Paris last year.
China is not at the top of the list when it comes to direct foreign investment in Indonesia. This year, China ranks 12th, with investments valued at US$160 million. But trends show that Chinese investment in Indonesia is expected to climb, mostly in infrastructure.
President Joko Widodo's new administration began functioning late last year and their focus has been on infrastructure development. This has been vigorously promoted overseas, with China targetted as an investment source. The President has visited China twice so far. The Capital Investment Coordinating Board (BKPM) chairman, Franky Sibarani, recently met with Tempo journalists Purwani Diyah Prabandari and Ursula Florene Sonia, during which he explains the status of Chinese investment in Indonesia, and its outlook. Excerpts:
A new agency to manage the food sector will shortly be established. But it is bound to spar with the ministries of trade and agriculture.
Tempo’s Film Selection of 2023 created seven categories for the selected films.
Stock market enjoyed a bull run in 2023. Investors bet on a frayed assumption: six times rates cut in 2024.
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