President Jokowi has established a new institution to integrate transportation in Jabodetabek. The aftermath of BPTJ’s failure also opened the door for new players.
The government targets JETP plan completion by October, expecting a significant share of investment and grants, as financing multiple projects through debt is not viable.
The government will extend the land management rights for the IKN investors for up to 190 years.
Western countries are reluctant to fund the early retirement of coal-fired power plants under the JETP scheme. The coal energy transition may have to rely on bank loans.
The Nusantara Consortium, a group of nine domestic investors, invested US$1.3 billion in the IKN project. This was a lure to attract foreign capital.
Indonesia’s bid to join the OECD gets support from the Netherlands and France. The main challenges are domestic.
The government imposes a moratorium on nickel mining quotas to preserve the sustainable reserves of this mineral commodity.
The revised Oil and Gas Law has been mandated to dismiss SKK Migas and replace it with a new institution. Pertamina is considered the strongest candidate to replace SKK Migas.
Indonesian ministers remain divided on the appropriate regulation approach for TikTok Shop.
OJK appointed BEI as the organizer of the carbon exchange, which will start on Sept 26.