The revision of health-related laws is a cornerstone of the government's strategy to develop advanced health services in this most populous country in Southeast Asia.
The coal business has been booming over the past year as the black gold price soared 137 percent to its all-time high of US$457 per ton in September. The value of Indonesia's coal exports almost doubled.
Top Indonesian officials have released more confident statements about plans for subsidies as more countries use these incentives to increase EV adoption. However, the plan has faced criticism and accusations of official' business interests.
The energy transition issue is a global trend that affects the oil and gas industry. In energy transitions, the use of fossil energy is gradually abandoned and switched to a cleaner new renewable energy (NRE).
The Indonesian government has decided not to implement a carbon tax this year. After several delays, Coordinating Economic Minister Airlangga Hartarto announced that the carbon tax could come into effect by 2025.
Long-term risks from the credit insurance line overshadow the general insurance and reinsurance industry, while life insurance struggles to reverse the weakening of key financial ratios. The gloomier economic prospect has kept the industry on alert.
The Indonesian Government stays firm with its plan to ban exports of unprocessed metals and minerals, with tin, bauxite, and copper in a queue. A long list of countries in Asia and Europe are at the greatest risk of being impacted.
The government has ensured that the capital city relocation from Jakarta to East Kalimantan will start in 2024. Therefore, the Nusantara Capital City (IKN) construction must begin immediately.
The crude palm oil (CPO) price closed at a record high of 7,104 ringgit per ton last week on the Malaysian derivatives exchange. CPO prices skyrocketed 24.52 percent last month, capping the highest monthly gain over the past ten years.
Several new airlines have started operations even though the Indonesian aviation industry, hit hard by the COVID-19 pandemic, has not fully recovered yet.