Business opportunities outside Java are poised to flourish alongside the progress of multiple megaprojects and the emerging regional economy. Chinese investors are strategically expanding.
PDI-P claims a two-round presidential election based on an IT expert audit of the Recapitulation Information System (Sirekap). Meanwhile, members of the House of Representatives from PKB have signed a proposal for an inquiry right.
Trade Ministry has postponed some restriction rules outlined in the new import regulation and is planning further revisions. Customs has criticized the lack of adequate socialization.
Chinese company Sheng Wei New Energy Technology will build the first nickel smelter and steel plant in Papua, potentially opening the door for more Chinese investors in multiple sectors.
Fitch Ratings acknowledges Indonesia's stronger economy and maintains BBB's sovereign credit rating with a stable outlook. Fiscal prudential to political stability and law enforcement are crucial factors for Indonesia's rating.
To curb consumption, the Indonesian government is revising the subsidized fuel distribution regulation, specifically for Pertalite and Solar. Five industries are planned to be exempted from these restrictions so far.
Three senior Golkar figures urge unity amid leadership succession rumors after elections. Controversy brews over the use of Alibaba's service for the Election Recapitulation Information System (Sirekap) by the General Elections Commission (KPU).