Indonesia Indonesia Engages Softbank, UAE and Others to Build New Capital City (10 Jan – Ongoing) Indonesia’s National Development Planning Minister Soeharso Monoarfa announced that at least five foreign investors have expressed interest in developing Indonesia’s new capital city in East Kalimantan. The relocation project, announced in...
Indonesia KPK Developments: Supervisory Council Inaugurated While Jokowi Introduces the First of Three Regulations (20 Dec, 29 Dec) Indonesian President Joko Widodo “Jokowi” inaugurated five members of the newly established Corruption Eradication Commission (KPK) supervisory council on 20 December. The council members, including a former Constitutional Court...
Indonesia PT Garuda Shaken Up Following Harley Davidson Scandal (5 – 13 Dec) Indonesia’s flag carrier PT Garuda Indonesia came under public scrutiny following revelations of a smuggling case on one of its new Airbus jets. Parts for a Harley Davidson motorcycle and two high-end Brompton folding...
Resources Sustainability Indonesia to launch voluntary carbon market (13 Nov) Indonesia, one of the world’s biggest emitters of greenhouse gases, is planning to launch a voluntary carbon trading scheme that could link to other countries if successful, a senior government official said on Tuesday. The South East...
Indonesia Jokowi Pushes Back Against Constitution Amendment Proposals (2 Dec – Ongoing) President Joko Widodo “Jokowi” expressed his opposition towards proposals to amend the 1945 constitution on Monday, 2 December. The proposals were based on a Suharto-era framework called the Broad Guidelines of State Policy (GBHN), and...
Indonesia Indonesia’s 2019 Budget Deficit Expected to Exceed Earlier Estimates (18 Nov) Finance Minister Sri Mulyani Indrawati told reporters that the 2019 budget deficit is now expected to reach up to 2.2% of Indonesia’s gross domestic product (GDP), up from an initial target of 1.84%. This revision...
Indonesian President Joko Widodo unveiled his cabinet shortly after his inauguration on 20 October. Filled with a mix of politicians and technocrats, there are both familiar faces and new entries among the group of 38. They will be tasked with implementing the President's ambitious reform...
Resources Sustainability Indonesian Court Fines Palm Oil Firm $18.5m Over Forest Fires In 2015 (28 Oct) An Indonesian court has fined a palm oil company $18.5 million for fires that destroyed 970 hectares (2,400 acres) of forest on its concession in Borneo in 2015. The judgment is...
Resource Sector Malaysia Warns New EU Rules Could Hurt Palm Oil Used In Food (15-22 Oct) The European Parliament will proceed with phasing out palm oil-based biofuel by 2030 despite threats of retaliatory action by Indonesia and Malaysia, the world’s biggest producers of the ubiquitous vegetable oil....
Indonesia No Plans to Issue Regulation to Revoke KPK Bill: Jokowi (1 Nov) Indonesian President Joko Widodo “Jokowi” told reporters on Friday, 1 Nov that he did not intend to revoke the revised bill for the Corruption Eradication Commission (KPK). The law, which was passed in September...