Indonesia Investment Authority in Search of Sovereign Wealth
The Indonesia Investment Authority is set to merge with Danantara, but it still fails to optimize investments and faces ongoing issues with foreign investor confidence.
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The Indonesia Investment Authority is set to merge with Danantara, but it still fails to optimize investments and faces ongoing issues with foreign investor confidence.
Judicial Commission Chair Amzulian Rifai on the corruption in judicial institution involving judges.
Interviews with Industry Minister Agus Gumiwang Kartasasmita and Sritex President Commissioner Iwan Setiawan Lukminto on the company’s bailout.
The term “Medan Block” emerged during the trial of former North Maluku Governor, Abdul Gani Kasuba. Medan Block is believed to refer to pre-allocated nickel mining concessions in Halmahera.
The PDI-P received the most positions as leaders of the DPR working bodies. Surya Paloh met with Bahlil Lahadalia to discuss the allocation of commission chairs.
Driven by corporate demand, helicopter business opportunities continue to grow. Operators are increasingly expanding their fleets.
Rohingya refugees in Thailand, Malaysia, and the Philippines are treated differently than those in Indonesia.
The increasingly overcrowded refugee camps demand improvements in the mechanisms for handling Rohingya refugees. The number of refugees continues to rise.
There is an increasingly real threat to Indonesia’s biodiversity. It cannot be overcome through empty slogans at international forums.
KPU Chair Mochammad Afifuddin on turbulence within his institution following the dismissal of Hasyim Asy’ari, and the Constitutional Court’s decision on the regional head elections.
The KPK uncovered alleged embezzlement of the Taspen pension fund involving Sinarmas Sekuritas. The result of poor supervision by the OJK.
The family members of some ministers enter the fishery business. Other problems, such as the activity of illegal foreign vessels and the abuse of crew members, still prevail.
Explanations from State Secretary Minister Pratikno and Maritime Affairs and Fisheries Ministry on fishery business and the case of illegal ships in eastern Indonesia.
Minister Sakti Wahyu Trenggono revives a shutdown port. There is indication that the minister’s son is involved in the fisheries business.
Jakarta is striving to provide inclusive transportation, but challenges remain, from funding issues to construction oversight.
The race for the position of Chief Justice of the Supreme Court is heating up amid a flurry of allegations against certain candidates. There is suspicion of backing from business circles.
The plan to export sea sand faces obstacles from the Ministry of Energy and Mineral Resources. Oppositions also come from the DPR.
Dozens of companies are seeking permits to process marine sediment. They include businessmen, regional head candidates, and former cabinet ministers.
Indonesia is poised to fall into the middle-income trap. Only a few people enjoy the economy pie.
Prabowo Subianto is to form a cabinet comprising numerous ministers. This is made possible through a revision of the law.
Two rivals in Jakarta’s upcoming regional elections are sharpening their winning strategies. There is a rift in the Indonesia Onward Coalition.
China’s economic crisis has the potential to spread around the world. It can kill industries and manufactured goods in many countries.
Foreign companies are urging President Joko Widodo to implement the power wheeling scheme. The private sector is pushing to hasten the energy transition.
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.
Indonesia and the Vatican enjoyed a good relationship long before the Pope’s visit. The Vatican reportedly helped Indonesia lobby the European Union.
Catholics eagerly follow Pope Francis’ visit. Some are willing to spend a large sum of money to participate in the grand mass with the Pope.
Pope Francis received a warm welcome on his visit to Indonesia. Appearing with simplicity, he brought a mission of inter-faith dialogue.
The culinary businesses of Gibran Rakabuming and Kaesang Pangarep are fading. This seems to contradict their massive financing.
Chair of the Presidium of the Indonesian Bishops' Conference (KWI) Monsignor Antonius Subianto Bunjamin spoke about the preparations for Pope Francis’ visit.
The current account deficit threatens the Indonesian economy. The value of the rupiah could fall further, triggering an economic crisis.
Police act excessively in handling the demonstrations nationwide in support of the Constitutional Court decision. Where are the President and Vice President?
The transition to nuclear energy must be accelerated to meet the ever-increasing demand for electricity. It is more environmentally friendly.
The hijacking of the Constitutional Court’s decision on the Regional Head Election Law affects investor confidence, and political commotion hurts Prabowo’s government.
M.H. Thamrin was not the type of council member who would simply show up, sit down, remain silent, and collect a paycheck. The Tiger of Volksraad was highly militant and vocal in championing the people’s interests. His roar resonated as far as Europe and America.
The definition of “Indonesia” transcends old walls. Indonesians are anyone who considers it their homeland.
Tommy Hermawan Lo’s name emerges following the mention of Mr. T in online gambling that involves human trafficking case. He is a director at a casino management company.
Banks regularly give credit to coal exporters who have deposits from foreign exchange proceeds of exports. It is prone to moral hazards.
Muhammadiyah cadres and administrators are divided in their response to the mining concession. There are whispers from the government and the entrepreneurs.
Government debt breached the limit. Markets await a signal of prudent fiscal management from the incoming president.
Jokowi was initially considered as a good person and a man of the people. But he broke the hopes of those who voted for him.
As the country attempts to mediate major issues, Indonesia’s foreign policy appears vibrant but lacks a strong foundation.
Various cases of hacking and freedom of expression violations are rampant during Jokowi’s presidency. Victims range from public figures to ordinary people.
The 10 years of Joko Widodo’s administration leaves behind a mountain of debt. The management of the state budget shows minimal public participation and oversight.
People close to Prabowo Subianto will be given strategic posts. Jokowi gives his blessing.
The presence of Okko and Aoka disturbs home-industry breads produced by micro, small and medium businesses.
THE Indonesian Military proposes the removal of the article that prohibits military involvement in business activities in the revision of the TNI Law.
Indonesia is still one of the largest markets for global drugs. There is overlapping law enforcement from the BNN and the National Police.
Mass layoffs hit the textile industry. The latest import regulation triggered a flood of textile imports, causing the local industry to collapse.
The BNN indicates Indonesia is a potential market for international drug networks. An interview with the Chief of the National Narcotics Agency (BNN), Comr. Gen. Marthinus Hukom.
International drug networks are invading Indonesia. The Sinaloa Cartel from Mexico delivered methamphetamine concealed in a ceramic package.
Over a dozen Lambung Mangkurat University lecturers are suspected of manipulating the requirements to apply for a professorship. They could be stripped of their titles.
Indigenous people and villagers in Central Halmahera are facing clean water crisis. Community wells and river water are contaminated by nickel mining.
CEO of BCA, Jahja Setiaatmadja, explains the impacts of volatile exchange rates, rising government debt, and how the market awaits the new cabinet.
Rice production is predicted to drop dramatically this year, potentially leading to a rice crisis and triggering inflation and an economic crisis.
The KPK is investigating a case of land corruption in Rorotan, North Jakarta. The land was intended for the zero-down payment housing program. A go-cart racer is implicated in this case.
The guilty verdict for Karen Agustiawan shows that in Indonesia, even business decisions can easily lead to prosecution. This will have a long-term negative impact on our economy.
The KPK is once again investigating Hasto Kristiyanto regarding the Harun Masiku bribery case. This is a consequence of the dispute between the PDI-P and Jokowi.
The PDI-P is preparing to replace Hasto Kristiyanto after he was questioned by the KPK in the Harun Masiku case. They are wary of the Palace’s interference.
The KPK actually knows Harun Masiku’s location. He was once in Moro rebel territory in the Philippines.
The KPK questioned Hasto Kristiyanto again in connection with the Harun Masiku bribery case. Is it true that this is the result of the Presidential Palace interfering?
The rising exchange rate of the US dollar is causing business problems. Hedging efforts are of little help when the rupiah is very weak.
The merger between Tokopedia and TikTok Shop shifts the e-commerce business competition. The new entity is competing with Shopee.
Ignatius Suharyo explains the Catholic Church’s stance on the planned issuance of mining permits to mass organizations. He considers mining activities destructive to the environment.
A number of Prabowo Subianto supporters have been appointed as SOE commissioners. This risks compromising their oversight function.
Invasive alien species are attacking dozens of national parks in Indonesia. This is a serious threat that could have a negative impact on the ecosystem.
BP Tapera Commissioner, Heru Pudyo Nugroho, explains the compulsory 3 percent cut of monthly income for the public housing savings scheme.
Invasive alien plant species are infesting many national parks in Indonesia. There is no comprehensive solution yet.
Muhammadiyah’s fund transfer could trigger an equalization of the scale of business of sharia banks. Bank Syariah Indonesia has been too dominant over the sharia banking industry.
Muhammadiyah’s business networks cover various sectors, from education to financial services. It seeks to create a closed economic ecosystem.
Muhammadiyah withdrew trillions of rupiah from Bank Syariah Indonesia. It was the accumulation of various problems, from operational matters to appointment of commissioners.
The government grants mining concessions to religious organizations. What are the considerations behind the policy?
The Public Housing Savings program will only burden workers and companies. It is a way for the government to evade its responsibility to provide people’s housing.
Workers and entrepreneurs consider that the Tapera policy overlaps with the MLT program. Developers continue to benefit from both programs.
There is no possibility for Prabowo to go on a spending spree during his presidency. Debt repayment liabilities will shackle him.
The National Police denied any role of the former Red and White Task Force with the shadowing of the Assistant Attorney General for Special Crimes Febrie Adriansyah. Police 2nd Brig. Iqbal Mustofa is not punished.
The rotation scene for Assistant Attorney General position is heating up ahead of the presidential inauguration. Candidates for Attorney General cannot come from political party officials.
One of the men who stalked the Assistant Attorney General is from the counterterrorism unit under the former Red and White Task Force. The operation is suspected to suppress the investigation of high-profile cases.
Mohammad Nuh, chairman of the Forum for Boards of Trustees of Legal Entity State Universities, explains the polemic over the single tuition fee (UKT).
State losses due to the trade of protected wildlife amounts to Rp13 trillion annually. These animals are being pooled in Makassar, South Sulawesi.
Education Minister Nadiem Makarim has a design for universities to be able to independently fund higher education. He does not care about sky-high fees.
Prospective university students are backing away because they are unable to pay tuition fees. Some tuition reductions fail to make much of a difference.
Minister of Education Nadiem Makarim allegedly approved the recent increase in university tuition fees. It is considered to be an effort to commercialize education.
The Directorate-General of Law Enforcement at the Environment and Forestry Ministry prepares forced auctions on companies responsible for environmental damages.
Syahrul Yasin Limpo is alleged to have taken money from Agriculture Ministry officials. Those paying the money must also be held responsible.
Starlink starts to enliven the competition in the provision of internet services. There must be no protectionism that disadvantages the public.
Press freedom is increasingly in peril in the end of Jokowi’s term of office.
Constitutional Court’s Ethics Council Chair I Dewa Gede Palguna on his stance rejecting a revision to the Constitutional Court Law.
Syahrul Yasin Limpo denied ordering his subordinates to collect tributes. The money was used for the personal interests of his wife and children.
Agriculture Ministry high-ranking officials routinely took up collections to raise money for Syahrul Yasin Limpo from 2020 to 2023. They often used the treasurer’s cash account.
Democracy requires opposition so that government policies can be kept in check.
The fintech lending business is increasingly losing steam. Returns continue to decline while fund owners are opting for other investment portfolios.
Indonesia's economy poses some hurdles in continuing its growth trajectory. Political transition adds uncertainty.
Pollution from the Ombilin PLTU in Sumatra is a threat to the environment and human health. It is being addressed using a bogus energy transition solution.
Hundreds of electronic surveillance devices entered Indonesia from 2019 to 2021. One company is connected with the Israeli manufacturer of the Pegasus device.
Indonesia was one of the biggest importers of electronic wiretapping equipment from 2019-2021. This equipment is being used by various state agencies.
The OJK decides on stricter supervision and capital requirements for banks, a shock absorber for the financial system but a stranglehold on small banks.
Robert Bonosusatya denies involvement in the Bangka Belitung tin corruption case. He often discusses tin business with other entrepreneurs.
Indonesia is the world's largest producer of animal torture video content. This is a result of weak law enforcement.
Indonesian badminton men’s singles coach, Irwansyah, talks about the achievements in the 2024 All England.
Market intervention has its limit. At a certain point, Bank Indonesia has no choice but raising its reference rate.
The Rabithah Alawiyah organization records the lineage of the Prophet Muhammad in the Indonesian archipelago. There are other approaches to verify the lineages of the habib.
Indonesia is among the top producers of child pornography sold overseas. This was revealed following an investigation by the FBI.
MIND ID acquired 14 percent of Vale Indonesia’s shares, becoming the majority shareholder without complete control.
Indonesia’s financial market sentiment will be rocked by DPR’s initiative to execute its right of inquiry. Rice inflation is another serious threat.
Indonesia is having a super-long lame duck period. It is bad for the market.
Professor Hal Hill assesses the Indonesian economy as having progressed adequately. Yet it is still not competitive enough compared to Vietnam and Thailand.
Umar bin Abdul Aziz and Buya Hamka were among those whose leadership deserve to be made a model for Indonesian politicians.
Max Lane’s thoughts on activists of the 90s, including those who have closed ranks around Prabowo Subianto, and the absence of opposition in Indonesia.
For the sake of humanity, the Indonesian government must not be hypocritical or wash its hands of the Rohingya refugees.
The Federal Reserve is finally signaling several rate cuts in 2024. Indonesia is excluded from the festivities. The return of the current account deficit is the culprit.
TikTok Shop will resume its operation in Indonesia through a collaboration with Tokopedia. Four options are on the table.
The capital flight takes a U-turn, as portfolio investment funds return to the Indonesian financial market. There is a growing risk of economic slowdown, though.
The exact number of dugongs living in Indonesia is not known. Their numbers continue to decline due to the destruction of seagrass beds.
Bank Indonesia relies heavily on short-term securities to safeguard the rupiah. This strategy carries serious market risks.
Indonesia continues to search for cheap funds to finance the coal power plant early retirement program. The energy transition will be hampered if the government only relies on funds from the JETP.
The Federal Reserve's interest rates hike will still threaten the Indonesian economy. There are also political risks from the 2024 elections.
Heads of state are vying to get Elon Musk to build a Tesla factory. The investment plan in Indonesia is hampered by the current economic situation.
Starlink is preparing to directly sell Internet to Indonesian consumers. But the company appears reluctant to meet the government’s requirements.
Indonesia struggles to catch up with neighboring countries. What is the problem?
It is not an easy option for the government to import rice to fulfill domestic demand and stabilize its price. The rice crisis is really clear for Indonesia.
The Indonesia Stock Exchange and Indonesia Climate Exchange (ICX) are competing to manage carbon exchange. Carbon transactions amount to billions of dollars annually.
Maximizing the value of Indonesia’s natural resources.
Indonesia’s Miss Universe finalists reported sexual harassment to the police. They also suffered from body shaming.
Silas Papare and some residents in Serui founded the Irian Indonesian Independence Party. They were assisted by Sam Ratulangi.
Why did the prominent figures from Papua fail to bring the Papuans to support the Republic of Indonesia?
The police exposes Indonesian kidney trafficking network in Cambodia. The victims are enticed through social media.
Garuda Indonesia announces its biggest ever profits. It hinges on negotiating postponement in paying its bills.
In Indonesia, the signal of tight liquidity in the global financial market is apparent in the significant fall in foreign reserves.
Who enjoys the wealth from Indonesia's natural resources?
The Indonesian soccer team again brings home a gold medal of SEA Games after 32 years. Irfan Jauhari served as the secret weapon.
Mind Id’s efforts to have the majority share ownership in Vale Indonesia hit a wall. The reduced size of mining areas leaves a question mark.
It is important to acknowledge that unforeseen events could occur unexpectedly and have significant impacts on the Indonesian economic landscape.
Indonesia’s natural resources are not for the people but only for a small group of people.
The government is seeking new investors for Bank Syariah Indonesia. They are hoping Islamic banks in the Middle East would become strategic investors.
While economic growth in other developing countries is predicted to be lower, the IMF revises its forecast for Indonesia upward, from 4.8 percent to 5 percent.
Investing in Indonesian financial markets is not only considered being a more secure alternative, but it also has the potential to yield higher returns.
In the hands of politicians drunk on electoral politics, it is difficult for Indonesian soccer to develop. The cancellation of the U-20 World Cup is just collateral damage.
Sri Mulyani was included as a candidate for governor of Bank Indonesia. After getting some new whispers, Jokowi chose Perry Warjiyo again.
This award will motivate PNM to continue to give the best to Indonesia. #Infotempo
Literacy activist Nila Tanzil set up 206 Taman Bacaan Pelangi reading parks, mostly found in the remote areas of eastern Indonesia.
The environmental impact of Indonesia’s nickel mining.
Acting President of Myanmar NUG Duwa Lashi La on application of the five ASEAN consensus points and his hopes when Indonesia takes on the ASEAN chair next year.
Norwegian Ambassador to Indonesia Rut Krüger Giverin discusses the termination of the REDD+ emission reduction cooperation agreement by Indonesia last year.
What does IMF’s Senior Economist Yan Carrière-Swallow have to say about Indonesia’s possible slip into recession?
The system of open, transparent, and independent science is being undermined in Indonesia. What the country needs in the current biodiversity conservation crisis is the best information possible, not an alternative reality.
Letters that discuss Indonesia’s politics today and diplomatic relations with Malaysia.
Youth’s role to release Indonesia from the grip of oligarchy.
Russian Ambassador to Indonesia, Lyudmila Vorobieva, claims that the assault on Ukraine is carried out to prevent the country from being used as a weapon to attack Russia.
Meanwhile, Ukrainian Ambassador to Indonesia, Vasyl Hamianin points out that it is wrong for Russia to use such fear as an excuse to invade Ukraine and kill civilians in the process.
Indonesia needs to follow the example of the Netherlands, which based its policy on a historical investigation of the history of the 1945-1949 War of Independence. There is no need to make a fuss about financial compensation.
THE grand exhibition Revolusi! Indonesië Onafhankelijk (Revolution! Indonesia Independent) opened in February at Amsterdam’s Rijksmuseum, involving guest curators Amir Sidharta and Bonnie Triyana. A month prior to opening, it already attracted ample attention due to an opinion piece by Bonnie Triyana.
Indonesia’s extradition agreement with Singapore is continued after 15 years. It is seen as a disadvantage for Indonesia.
A month prior to its opening, a major exhibition on Indonesia at Amsterdam’s Rijksmuseum has already been at the center of fierce public debate. Guest curator Bonnie Triyana and the Rijksmuseum are reported to the Dutch police. The Netherland’s main museum is seen as succumbing to right-wing criticism.
Russian Ambassador to Indonesia, Lyudmila Vorobieva, sees Indonesia as an unofficial leader of ASEAN and an influential Islamic country. She talks about Russia’s offer for nuclear technology, strengthening trade, ASEAN, and the tension with NATO over Ukraine.
The name ‘Indonesia’ is a name that was fought for with blood.
The Rijksmuseum, the Netherlands’ main museum, will roll out Revolusi!, a big exhibition on Indonesia. It promises to be a unique presentation on Indonesia’s Independence War. Indonesian experts have been involved in the exhibition since the very beginning.
Al Qaeda and ISIS supporters are not taking an equal stance on the Taliban’s victory. In Indonesia, Jemaah Islamiyah is said to be preparing a long-term course of action.
How much do Indonesians spend to play games? Rp30 trillion in just half year. The game industry has never been so appetizing.
Numerous transportation companies are having a difficult time due to mobility restrictions during the Covid-19 pandemic. ASDP Indonesia Ferry is among those facing the challenge. In May 2020, the ferry operator lost Rp71 billion a month. ASDP Chief Executive Officer (CEO) Ira Puspadewi acts quickly to implement various efficiency moves, particularly through digitization of passenger service.
Indonesia underlines the future of Afghanistan must be pursued through a peaceful settlement through a national reconciliation process led and owned by the Afghan nation.
How do we assess oil and gas projects that contribute to the realization of “Resilient Indonesia, Growing Indonesia”?
How do they contribute to the rise of Indonesia's economic growth? What about their contributions to the transfer of knowledge for Indonesia? Or, their contribution to the development of the communities around their area of operations? Keep reading, we will get the answers to these three questions.
Indonesian anti-colonial hero Untung Surapati is prominently present at the Rijksmuseum, the Netherlands’ national museum, in its first major exhibition highlighting the country’s dark slavery history.
The Covid-19 pandemic has changed Indonesia’s demographics affecting the trends in the capital market. Indonesia Stock Exchange’s Commissioner Pandu Patria Sjahrir says enthusiasm of millennial and Gen Z investors has risen phenomenally during the pandemic. Since 2016, the number of young investors has grown to over 1.8 million with those aged 28 and below making up the highest increase. The rapid development of the digital technologies has opened the floodgates for tech companies and start-ups. One of the sectors most sought after by foreign investors is financial technology (fintech). Pandu, a businessman and an investor, who is also the chairman of Indonesian Fintech Association, says that in future fintech companies will not just focus on consumer lending but increase productive loans to support micro, small and medium enterprises through peer-to-peer lending.
Politician Budiman Sudjatmiko promises to build a tech complex called the Bukit Algoritma, or Algorithm Hill. Touted to be the Silicon Valley of Indonesia, the new project means to attract investors to the currently neglected Sukabumi Special Economic Zone.
Switzerland approved free trade agreement with Indonesia. With the condition, however, that Indonesia produce palm oil in a sustainable and environmentally friendly way.
Wushu Indonesia Board and Airlangga University write their right of reply, while Gabriel Maha makes clarification for the article on land dispute in East Nusa Tenggara.
Alex Ong has supported migrant workers in Malaysia for 20 years. He sold his company in order to focus on helping workers from Indonesia.
In a landmark statement in October, a Dutch state council urged for the unconditional return of heritage objects looted from its former colonies, including Indonesia. The Dutch government plans to pour the advice into policy in early 2021.
The number of health care workers dying from Covid-19 continues to climb. The Indonesian Medical Association has recorded that as of August 4, 74 doctors in total including three lung specialists who directly handled Covid-19 patients have died.
Having established the Animal Defenders Indonesia Foundation in 2011, Doni Herdaru Tona tries to rescue stray dogs and cats from abuse.
Chairman of the Synod of Indonesian Gospel Tabernacle Church (Kingmi) Church in Papua, Rev. Benny Giay regretted the conviction of seven Papuan political prisoners who were tried for treason.
The Indonesian Chamber of Commerce and Industry (Kadin) is pushing the government to implement the ‘new normal’ sooner and ease the restrictions so as to bring the economy back to life.
After waiting for two days on tenterhooks, the President of the All-Indonesia Labor Union Confederation (KSBSI) Elly Rosita Silaban obtained the good news from the Merdeka Palace on Friday, April 24.
Following the March 22 announcement of the death of six doctors, the Indonesian Medical Association’s executive board (BP IDI) began posting on its social media pages obituaries for doctors who succumbed to the Covid-19, complete with a black and white portrait of the deceased doctors next to their names and academic titles.
Bank Indonesia (BI) is stepping up measures to mitigate the impact from the new coronavirus or Covid-19 outbreak that has struck scores of nations across several continents.
After General Elections Commission (KPU) commissioner, Wahyu Setiawan, was reportedly arrested, Indonesian Democratic Party of Struggle (PDI-P) Secretary-General, Hasto Kristiyanto, ‘disappeared’ almost one full day.
The Organization for Economic Cooperation and Development (OECD), based in Paris, has published survey results on the competencies of Indonesian schoolkids in science, reading and mathematics. Indonesia’s score is 396 for competence in science, 371 for reading, and 379 for mathematics.
IN the Opinion of Tempo’s July 23-29, 2019 entitled All Eyes on the SOEs mentioned: “There was also a bribery case at another SOE: fertilizer company Pupuk Indonesia. In March, the company’ marketing manager was detained by the KPK for allegedly bribing member of the Golkar Faction in the House of Representatives Bowo Sidik Pangarso, in order to smooth the way for the business.”
THE Indonesian armed forces, particularly the army, found itself caught in a crossfire between supporters of Joko Widodo and Prabowo Subianto who are bitterly polarized in the recent presidential election.
We thank you for the interview request from Tempo and the publication of Standard Chartered Bank Indonesia’s response in the article entitled Mandiri Aims For The Top carried in the April 23-29, 2019 edition.
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