Indonesia

Indonesia to cut mining output quotas to support prices

It’s to ensure the prices of mineral commodities are “rational”, allowing the government in turn to earn more revenues

Body bags containing the victims from a fire at Werdha Damai retirement home in Manado, North Sulawesi Province.

Indonesia fire kills 16 people in retirement home

[MANADO, Indonesia] A fire at a retirement home in the city of Manado on Indonesia’s Sulawesi island has killed 16 people, a local police official said on Monday (Dec 29).

Indosat Ooredoo Hutchison's CEO Vikram Sinha (second from right) at the deal signing on Dec 23. The announcement marks one the largest digital infrastructure transactions in Indonesia.

Indonesia’s major telco Indosat Ooredoo Hutchison enters JV to build fibre infrastructure

Venture with Arsari Group and Northstar Group will allow Indosat to monetise its fibre assets

Coordinating Minister for Economic Affairs Airlangga Hartarto says all substantive trade issues between Indonesia and the US have been resolved.

Indonesia to sign final US trade deal in January, tariffs fixed at 19%

Presidents Prabowo and Trump are set to sign the agreement in Washington, DC, in January

Indonesia’s top export products to the EAEU are palm oil (above), as well as coconut oil, coffee and cocoa.

Indonesia signs free trade deal with Russian-led Eurasian Economic Union

The union will grant South-east Asia’s biggest economy preferential rates for 90.5% of its total tariff lines

Prosecutors have alleged that Nadiem Makarim received over Rp809 billion (approximately US$48.5 million) and that the procurement caused Rp2.18 trillion (US$130 million) in state losses related to the procurement of Chromebooks.

Rethinking corruption eradication in Indonesia

The promise of a clean government will remain elusive unless it breaks the cycle of prosecution and pardon

Indonesia is home to some of the wealthiest billionaires in South-east Asia, where 10 of the richest have a combined net worth of more than US$180 billion.

Rich families face tax audits as Indonesia races to plug deficit

The country’s tax ratio is among the lowest in the world, at about 10% of GDP last year

Indonesia is the world’s biggest exporter of palm oil (above), thermal coal, nickel and tin.

Indonesia will issue investment instruments for export earnings of natural resources

This is to increase onshore US dollar liquidity and stabilise the rupiah exchange rate

Jakarta is scrambling to rein in lower-grade nickel output by blocking new smelters producing nickel pig iron and ferronickel, in favour of higher-value processing.
THINKING ALOUD

Could Jakarta’s moving goalposts corrode investor faith in nickel?

The Indonesian government’s big push for downstreaming is delivering results, but it comes with trade-offs