President Jokowi appointed Investment Minister Bahlil Lahadalia to lead the task force to expedite sugar and bioethanol self-sufficiency, reviving the old food estate plan in Merauke, Papua.
The negotiations between Axiata and Sinar Mas regarding the merger of XL and Smartfren are reportedly intensifying. Given the tighter competition landscape, with a new challenger, Starlink, entering the mark, the urgency for consolidation might increase.
China is set to develop rice farming in Central Kalimantan, aiming to remedy the shortcomings of the food estate project in peatlands. Local partners are being sought.
The State Administrative Court is set to hear a lawsuit filed by the Indonesian Democratic Party of Struggle against the General Elections Commission for alleged illegal conduct, raising a new legal challenge to the Prabowo-Gibran victory.
The Indonesian government needs an investment realization of Rp 7,417 trillion to support next year's economic growth target. The largest support is expected from the private sector.