In a bid to escape from the middle-income trap, the Government has announced it has formulated a grand strategy by establishing an ecosystem for EVs and EV batteries. “We want to fuse and integrate all these natural wealths into one item that will be highly in demand in the future, namely EV batteries, lithium batteries. It […]

The Government will support the establishment of holding and subholding of the state-owned electricity company PT PLN (Persero), according to Minister of Finance Sri Mulyani Indrawati. “The formation of the holding and the subholding, in my opinion, have no obstacles in terms of taxation. We will support it,” the Minister said after attending a limited […]

President Joko “Jokowi” Widodo Tuesday (01/31) at the Merdeka Palace, Jakarta, received social forestry actors, among others, the Social Forestry Movement (GEMA), the Indonesian Social Forestry Management Association (AP2SI), the Rejo Semut Ireng Association, the Village Corner Forum, and the Volunteer Alliance for Nature Conservation. On that occasion, social forestry actors expressed appreciation to the […]

President Joko “Jokowi” Widodo has ordered Minister of Trade Zulkifli Hasan, Head of the National Food Agency Arief Prasetyo Adi, and President Director of the State Logistics Agency (BULOG) Budi Waseso to maintain rice price stability. “This is a matter of distribution, a matter of market operation. Minister of Trade is in charge of stabilizing […]

In a bid to follow up on a number of partnership contracts in oil, gas, and mining production, President Joko “Jokowi” Widodo pushed for implementation of the contracts through effective legal mechanism by considering the benefits to the economy and interest of the state and the people. The statement was made by Minister of Investment/Head […]

The Government has announced it will build 47 apartment towers for official residences for State Civil Apparatus (ASN), the Indonesian National Defense Forces (TNI), and the Indonesian National Police (Polri) in the Capital City of Nusantara (IKN). “It has been decided that at an early stage, the construction of 47 towers would immediately be built […]

Economic activity, especially in the tourism and creative economy sectors, increased sharply after the revocation of the public activity restrictions (PPKM) policy late last year, according to Minister of Tourism and Creative Economy Sandiaga Uno. “Economic activity, especially in tourism and the creative economy, has increased significantly with room occupancy rates reaching 80-90 percent in […]

Coordinating Minister for Economic Affairs Airlangga Hartarto and Minister of Tourism and Creative Economy Sandiaga Salahuddin Uno said that following the revocation of the community activity restrictions (PPKM) policy, the Government continues to take efforts to boost national economic growth amidst global economic and foreign demand downturns. They made the statement during a joint press […]

President Joko “Jokowi” Widodo Monday (01/30) told his Cabinet to remain vigilant against inflation and increase in goods and service prices. “First, [the price of] rice. Second, [the price] of cooking oil. They must be properly monitored,” President Jokowi said at Presidential office in Jakarta during the limited meeting on Acceleration of Economic Activities and […]

President Joko “Jokowi” Widodo expressed his appreciation to the ranks for having finalized the road map of strategic investment downstreaming in order to encourage economic transformation. Minister of Investment/Head of  Investment Coordinating Board Bahlil Lahadalia in his statement said that the road map has been finalized with a total investment up to USD545.3 billion until […]