Indonesia’s 6.7GW Coal Phase-Out Plan Faces Funding Crisis
Indonesia’s ambitious plan to retire 6.7 gigawatts of coal-fired power capacity by 2030 faces significant hurdles due to the lack of funding from wealthy nations, according to the country’s top official overseeing the initiative. A coalition of ten donor countries, known as the Just Energy Transition Partnership (JETP), pledged in
Indonesia Grants TikTok License Renewal After Protests
Indonesia has reinstated TikTok’s local operating license after it shared data requested by the government that was linked to the nationwide protests between late August and September. TikTok provided the requested data on “traffic escalation and TikTok Live monetisation activities” from August 25 to August 30, via an official letter
Indonesia Rolls Out $1 Billion Economic Stimulus Package
Indonesia announced a new economic stimulus package worth 16.23 trillion rupiah ($989 million), aimed at boosting the country’s economy and providing temporary employment. The measures include food assistance, infrastructure projects, tax reliefs, and programs for job creation. Implemented in Q4 of 2025, with some extending into 2026, the package is
Rupiah Drops as Indonesia Removes Finance Minister
The sudden removal of Indonesia’s influential finance minister, Sri Mulyani Indrawati, has shocked financial markets and raised concerns among investors about the country’s fiscal stability. Sri Mulyani, one of Indonesia’s most experienced and longest-serving finance ministers across three different terms, has been a key figure in maintaining the nation’s fiscal
BRICS Expanded – Indonesia Joins As the Newest Member!
In the latest turn of events, the BRICS group included major emerging economies like Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, which will now include Indonesia as a full member. On January 6th, 2025, the Brazilian government announced they would expand the group to
E-Commerce in Asia: Will it be the Next Big Thing in Asia?
Asia, with 58% of the world’s population, is one of the fastest-growing markets for E-commerce, and its growth trajectory doesn’t seem to slow down. In 2023, Statista reported that by 2025, E-commerce in Asia can account for almost 60% of global e-commerce sales. So, if you put two and two
China & Indonesia Strike $10 Billion Pact on Energy
On Sunday, i.e., 10th November 2024, China and Indonesia signed deals worth $10 billion in food, new energy, technology, and biotechnology sectors. The business forum followed the meeting between President Xi Jinping and Indonesian President Prabowo Subianto in China, the first country President Subianto had visited since taking office last
President Subianto Announced The Biggest Cabinet Ever
Subianto is the eighth president of Indonesia, and while representing his pledge to a strong government, he named his cabinet of ministers, vice ministers, and heads of national agencies the “Red and White Cabinet.” Referring to the colour of the Indonesian flag. On Sunday, 20th October 2024, he announced the
Prabowo To Court The Largest Party For The Coalition
The retired army general and current Indonesian politician Prabowo Subianto recently turned 73 and is ready to become president. With the support of outgoing president Joko “Jokowi” Widodo, Prabowo won the direct presidential election in February. Prabovo will be sworn in as president on Sunday, October 20, after which he
Indonesia’s Economic Growth: How Regulators Will Assess Risks?
Indonesian financial authorities have been discussing geopolitical developments to anticipate the risks affecting the economy as tensions grow across the Middle East, the recent war in Ukraine and elections in other countries. Sri Mulyani, the Minister of Finance of Indonesia, commented in a press conference that Indonesia’s financial market got
